HTECX vs. XLK
Compare and contrast key facts about Hennessy Technology Fund (HTECX) and State Street Technology Select Sector SPDR ETF (XLK).
HTECX is managed by Hennessy. It was launched on Jan 31, 2002. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.
Performance
HTECX vs. XLK - Performance Comparison
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HTECX vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | -10.79% | 15.48% | 17.29% | 35.95% | -26.28% | 14.75% | 24.45% | 39.13% | -2.27% | 20.31% |
XLK State Street Technology Select Sector SPDR ETF | -7.57% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Returns By Period
In the year-to-date period, HTECX achieves a -10.79% return, which is significantly lower than XLK's -7.57% return. Over the past 10 years, HTECX has underperformed XLK with an annualized return of 11.64%, while XLK has yielded a comparatively higher 20.82% annualized return.
HTECX
- 1D
- -1.38%
- 1M
- -7.40%
- YTD
- -10.79%
- 6M
- -12.16%
- 1Y
- 13.20%
- 3Y*
- 12.49%
- 5Y*
- 4.99%
- 10Y*
- 11.64%
XLK
- 1D
- 4.24%
- 1M
- -4.10%
- YTD
- -7.57%
- 6M
- -5.44%
- 1Y
- 29.46%
- 3Y*
- 21.58%
- 5Y*
- 15.31%
- 10Y*
- 20.82%
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HTECX vs. XLK - Expense Ratio Comparison
HTECX has a 1.23% expense ratio, which is higher than XLK's 0.08% expense ratio.
Return for Risk
HTECX vs. XLK — Risk / Return Rank
HTECX
XLK
HTECX vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) 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.
| HTECX | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 1.10 | -0.62 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.66 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 1.85 | -1.23 |
Martin ratioReturn relative to average drawdown | 1.79 | 5.98 | -4.19 |
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
| HTECX | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.10 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.62 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.86 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.36 | -0.09 |
Correlation
The correlation between HTECX and XLK is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HTECX vs. XLK - Dividend Comparison
HTECX's dividend yield for the trailing twelve months is around 23.72%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | 23.72% | 21.16% | 4.28% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.54% | 9.60% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
HTECX vs. XLK - Drawdown Comparison
The maximum HTECX drawdown since its inception was -58.85%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for HTECX and XLK.
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Drawdown Indicators
| HTECX | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.85% | -82.05% | +23.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -15.92% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -34.88% | -33.56% | -1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -33.56% | -1.44% |
Current DrawdownCurrent decline from peak | -15.01% | -12.36% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -12.01% | -35.17% | +23.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 4.93% | +0.28% |
Volatility
HTECX vs. XLK - Volatility Comparison
The current volatility for Hennessy Technology Fund (HTECX) is 6.20%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.06%. This indicates that HTECX 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.
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Volatility by Period
| HTECX | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 8.06% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 16.43% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 27.02% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.04% | 24.72% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.52% | 24.33% | -0.81% |