DECO vs. XLK

Last updated Aug 5, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - DECO is a Blockchain fund actively managed by State Street, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. DECO is actively managed, while XLK is passively managed. Over the past year, DECO returned 107.22% vs 43.26% for XLK. Their 0.70 correlation means they have sometimes moved together and sometimes differently. DECO charges 0.65%/yr vs 0.08%/yr for XLK.

Performance

DECO vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECO achieves a 69.59% return, which is significantly higher than XLK's 30.13% return.

DECO

• 1D: 0.38%
• 1M: 1.45%
• 6M: 52.64%
• YTD: 69.59%
• 1Y: 107.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 83.90%

XLK

• 1D: 4.98%
• 1M: 3.49%
• 6M: 31.87%
• YTD: 30.13%
• 1Y: 43.26%
• 3Y*: 30.60%
• 5Y*: 20.15%
• 10Y*: 24.33%
• ALL TIME*: 10.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DECO State Street Galaxy Digital Asset Ecosystem ETF	$78.29K	$85.73K	$119.46K
XLK State Street Technology Select Sector SPDR ETF	$1.76B	$1.67B	$2.24B

DECO vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	69.59%	42.48%	31.48%
XLK State Street Technology Select Sector SPDR ETF	30.13%	24.61%	12.57%

Correlation

The correlation between DECO and XLK is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.70

The correlation between DECO and XLK has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

DECO vs. XLK - Sectors Allocation Comparison

Sectors	DECO	XLK
Financial Services	51.7%	-
Technology	43.9%	99.1%
Industrials	4.4%	0.1%
Basic Materials	1.8%	-
Communication Services	-	0.9%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.2%
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DECO vs. XLK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DECO

DECO Risk / Return Rank: 81
DECO Sharpe Ratio Rank: 87
DECO Sortino Ratio Rank: 78
DECO Omega Ratio Rank: 74
DECO Calmar Ratio Rank: 90
DECO Martin Ratio Rank: 78

XLK

XLK Risk / Return Rank: 61
XLK Sharpe Ratio Rank: 64
XLK Sortino Ratio Rank: 58
XLK Omega Ratio Rank: 58
XLK Calmar Ratio Rank: 70
XLK Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DECO vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DECO	XLK	Difference
Sharpe ratio: Return per unit of total volatility	2.29	1.68	+0.62
Sortino ratio: Return per unit of downside risk	2.83	2.25	+0.58
Omega ratio: Gain probability vs. loss probability	1.35	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	4.21	2.73	+1.48
Martin ratio: Return relative to average drawdown	11.22	7.35	+3.87

DECO vs. XLK - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 2.29, which is higher than the XLK Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of DECO and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DECO vs. XLK - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for DECO and XLK.

Drawdown Indicators

	DECO	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-82.05%	+34.34%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-15.92%	-9.68%
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 Drawdown Current decline from peak	-7.09%	-5.59%	-1.50%
Average Drawdown Average peak-to-trough decline	-11.22%	-34.79%	+23.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.59%	5.90%	+3.69%

Volatility

DECO vs. XLK - Volatility Comparison

State Street Galaxy Digital Asset Ecosystem ETF (DECO) has a higher volatility of 19.26% compared to State Street Technology Select Sector SPDR ETF (XLK) at 10.47%. This indicates that DECO'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.

Volatility by Period

	DECO	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.26%	10.47%	+8.79%
Volatility (6M) Calculated over the trailing 6-month period	36.67%	22.23%	+14.44%
Volatility (1Y) Calculated over the trailing 1-year period	47.11%	25.96%	+21.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.84%	25.86%	+25.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.84%	24.96%	+26.88%

DECO vs. XLK - Expense Ratio Comparison

DECO has a 0.65% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

DECO vs. XLK - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.68%, more than XLK's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.68%	1.16%	1.73%	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	0.42%	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

Can I hold both DECO and XLK in my portfolio?

DECO and XLK have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECO or XLK?

DECO has higher volatility (19.26%) compared to XLK (10.47%). In terms of maximum drawdown, DECO dropped -47.71% vs XLK's -82.05%.

Which ETF is better, DECO or XLK?

On 1-year performance, DECO leads with 107.22% vs 43.26% for XLK. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 10.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or XLK?

Over the 1-year period, DECO has performed better with a 107.22% return vs 43.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.65% for DECO.

Which ETF pays a higher dividend yield, DECO or XLK?

DECO has the higher dividend yield at 0.68%, compared with 0.42% for XLK.

What is the main difference between DECO and XLK?

DECO is categorized as Blockchain, while XLK is Technology Equities. Their fees differ too: 0.65% for DECO and 0.08% for XLK.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (2.29 vs 1.68), 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.