FISR vs. XLK

Last updated Jun 4, 2026

FISR (SPDR SSGA Fixed Income Sector Rotation ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - FISR is a Intermediate Core-Plus Bond 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. FISR is actively managed, while XLK is passively managed. Over the past 5 years, FISR returned -0.78%/yr vs 23.83%/yr for XLK. At a 0.14 correlation, their price movements are largely independent. FISR charges 0.50%/yr vs 0.08%/yr for XLK.

Performance

FISR vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Fixed Income Sector Rotation ETF (FISR) 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, FISR achieves a -0.13% return, which is significantly lower than XLK's 36.47% return.

FISR

• 1D: -0.39%
• 1M: 0.21%
• YTD: -0.13%
• 6M: -0.33%
• 1Y: 4.75%
• 3Y*: 3.27%
• 5Y*: -0.78%
• 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%

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

FISR vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FISR SPDR SSGA Fixed Income Sector Rotation ETF	-0.13%	6.32%	1.01%	5.28%	-15.73%	-1.70%	5.86%	6.81%
XLK State Street Technology Select Sector SPDR ETF	36.47%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	22.01%

Correlation

The correlation between FISR and XLK is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Apr 4, 2019	0.14

FISR vs. XLK - Sectors Allocation Comparison

Sectors	FISR	XLK
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.2%
Healthcare	-	-
Industrials	-	0.1%
Real Estate	-	-
Technology	-	99.7%
Utilities	-	-

Return for Risk

FISR vs. XLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FISR

FISR Risk / Return Rank: 30
FISR Sharpe Ratio Rank: 30
FISR Sortino Ratio Rank: 30
FISR Omega Ratio Rank: 28
FISR Calmar Ratio Rank: 32
FISR Martin Ratio Rank: 31

XLK

XLK Risk / Return Rank: 83
XLK Sharpe Ratio Rank: 91
XLK Sortino Ratio Rank: 85
XLK Omega Ratio Rank: 83
XLK Calmar Ratio Rank: 80
XLK Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FISR vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) 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.

	FISR	XLK	Difference
Sharpe ratio: Return per unit of total volatility	1.09	3.24	-2.14
Sortino ratio: Return per unit of downside risk	1.62	3.92	-2.30
Omega ratio: Gain probability vs. loss probability	1.19	1.52	-0.33
Calmar ratio: Return relative to maximum drawdown	1.56	4.22	-2.67
Martin ratio: Return relative to average drawdown	4.53	14.16	-9.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FISR vs. XLK - Sharpe Ratio Comparison

The current FISR Sharpe Ratio is 1.09, which is lower than the XLK Sharpe Ratio of 3.24. The chart below compares the historical Sharpe Ratios of FISR 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.

Sharpe Ratios by Period

	FISR	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	3.24	-2.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.96	-1.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.42	-0.29

Drawdowns

FISR vs. XLK - Drawdown Comparison

The maximum FISR drawdown since its inception was -20.27%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FISR and XLK.

Drawdown Indicators

	FISR	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-20.27%	-82.05%	+61.78%
Max Drawdown (1Y) Largest decline over 1 year	-3.06%	-15.92%	+12.86%
Max Drawdown (3Y) Largest decline over 3 years	-6.60%	-25.66%	+19.06%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	-33.56%	+13.46%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-6.48%	-1.00%	-5.48%
Average Drawdown Average peak-to-trough decline	-7.70%	-34.96%	+27.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	4.74%	-3.69%

Volatility

FISR vs. XLK - Volatility Comparison

The current volatility for SPDR SSGA Fixed Income Sector Rotation ETF (FISR) is 1.44%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 6.98%. This indicates that FISR experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FISR	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	6.98%	-5.54%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	16.68%	-13.46%
Volatility (1Y) Calculated over the trailing 1-year period	4.36%	20.82%	-16.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.59%	24.90%	-18.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.35%	24.49%	-18.14%

FISR vs. XLK - Expense Ratio Comparison

FISR has a 0.50% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

FISR vs. XLK - Dividend Comparison

FISR's dividend yield for the trailing twelve months is around 4.19%, more than XLK's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FISR SPDR SSGA Fixed Income Sector Rotation ETF	4.19%	3.97%	3.59%	3.50%	2.19%	1.87%	2.47%	2.99%	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

Can I hold both FISR and XLK in my portfolio?

FISR and XLK have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FISR or XLK?

XLK has higher volatility (6.98%) compared to FISR (1.44%). In terms of maximum drawdown, FISR dropped -20.27% vs XLK's -82.05%.

Which ETF is better, FISR or XLK?

On 5-year performance, XLK leads with 23.83% vs -0.78% for FISR. On fees, XLK is cheaper at 0.08% per year. On volatility, FISR has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FISR or XLK?

Over the 5-year period, XLK has performed better with a 23.83% return vs -0.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FISR or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.50% for FISR.

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

FISR has the higher dividend yield at 4.19%, compared with 0.39% for XLK.

What is the main difference between FISR and XLK?

FISR is categorized as Intermediate Core-Plus Bond, while XLK is Technology Equities. Their fees differ too: 0.50% for FISR and 0.08% for XLK.

Which has better risk-adjusted returns?

XLK currently has the higher Sharpe Ratio (3.24 vs 1.09), 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.