ASMH vs. XLK
ASMH (ASML Holding NV ADR Hedged ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - ASMH tracks the ASML Holding NV Sponsored ADR while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past year, ASMH returned 130.11% vs 66.93% for XLK. A 0.63 correlation means they provide meaningful diversification when combined. ASMH charges 0.19%/yr vs 0.08%/yr for XLK.
Performance
ASMH vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, ASMH achieves a 63.99% return, which is significantly higher than XLK's 36.47% return.
ASMH
- 1D
- 1.53%
- 1M
- 25.24%
- YTD
- 63.99%
- 6M
- 53.18%
- 1Y
- 130.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -1.00%
- 1M
- 21.09%
- YTD
- 36.47%
- 6M
- 35.71%
- 1Y
- 66.93%
- 3Y*
- 33.90%
- 5Y*
- 23.83%
- 10Y*
- 25.84%
ASMH vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 63.99% | 58.84% |
XLK State Street Technology Select Sector SPDR ETF | 36.47% | 46.04% |
Correlation
The correlation between ASMH and XLK is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2025 | 0.63 |
The correlation between ASMH and XLK has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
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Return for Risk
ASMH vs. XLK — Risk / Return Rank
ASMH
XLK
ASMH vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASML Holding NV ADR Hedged ETF (ASMH) and State Street Technology Select Sector SPDR ETF (XLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ASMH | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.52 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 8.24 | 4.22 | +4.01 |
| Martin ratioReturn relative to average drawdown | 21.26 | 14.16 | +7.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASMH | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.36 | 3.24 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.59 | 0.42 | +3.18 |
Drawdowns
ASMH vs. XLK - Drawdown Comparison
The maximum ASMH drawdown since its inception was -15.89%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ASMH and XLK.
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Drawdown Indicators
| ASMH | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -82.05% | +66.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -15.92% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.00% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -34.96% | +30.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.14% | 4.74% | +1.40% |
Volatility
ASMH vs. XLK - Volatility Comparison
ASML Holding NV ADR Hedged ETF (ASMH) has a higher volatility of 13.84% compared to State Street Technology Select Sector SPDR ETF (XLK) at 6.98%. This indicates that ASMH's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASMH | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.84% | 6.98% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 30.43% | 16.68% | +13.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 20.82% | +18.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.32% | 24.90% | +13.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.32% | 24.49% | +13.83% |
ASMH vs. XLK - Expense Ratio Comparison
ASMH has a 0.19% expense ratio, which is higher than XLK's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ASMH vs. XLK - Dividend Comparison
ASMH's dividend yield for the trailing twelve months is around 0.99%, more than XLK's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASMH ASML Holding NV ADR Hedged ETF | 0.99% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.39% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
ASMH and XLK have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASMH has higher volatility (13.84%) compared to XLK (6.98%). In terms of maximum drawdown, ASMH dropped -15.89% vs XLK's -82.05%.
On 1-year performance, ASMH leads with 130.11% vs 66.93% for XLK. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ASMH has performed better with a 130.11% return vs 66.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLK is cheaper with a 0.08% expense ratio, compared with 0.19% for ASMH.
ASMH has the higher dividend yield at 0.99%, compared with 0.39% for XLK.
ASMH tracks ASML Holding NV Sponsored ADR, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Precidian Funds and State Street. Their fees differ too: 0.19% for ASMH and 0.08% for XLK.
ASMH currently has the higher Sharpe Ratio (3.36 vs 3.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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