IGV vs. XLK
Compare and contrast key facts about iShares Expanded Tech-Software Sector ET (IGV) and Technology Select Sector SPDR Fund (XLK).
IGV and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGV is a passively managed fund by iShares that tracks the performance of the S&P North American Technology-Software Index. It was launched on Jul 10, 2001. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both IGV and XLK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGV or XLK.
Performance
IGV vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, IGV achieves a 27.34% return, which is significantly higher than XLK's 20.71% return. Both investments have delivered pretty close results over the past 10 years, with IGV having a 20.17% annualized return and XLK not far ahead at 20.26%.
IGV
27.34%
11.95%
22.29%
36.11%
18.60%
20.17%
XLK
20.71%
-0.37%
7.81%
26.58%
22.92%
20.26%
Key characteristics
| IGV | XLK | |
|---|---|---|
| Sharpe Ratio | 1.77 | 1.18 |
| Sortino Ratio | 2.27 | 1.64 |
| Omega Ratio | 1.31 | 1.22 |
| Calmar Ratio | 2.41 | 1.51 |
| Martin Ratio | 7.67 | 5.19 |
| Ulcer Index | 4.70% | 4.92% |
| Daily Std Dev | 20.34% | 21.69% |
| Max Drawdown | -92.69% | -82.05% |
| Current Drawdown | -1.06% | -2.65% |
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IGV vs. XLK - Expense Ratio Comparison
IGV has a 0.46% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between IGV and XLK is 0.84, 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.
Risk-Adjusted Performance
IGV vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ET (IGV) and Technology Select Sector SPDR Fund (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.
Dividends
IGV vs. XLK - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.32%, less than XLK's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ET | 0.32% | 0.41% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% | 0.29% | 0.33% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
IGV vs. XLK - Drawdown Comparison
The maximum IGV drawdown since its inception was -92.69%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IGV and XLK. For additional features, visit the drawdowns tool.
Volatility
IGV vs. XLK - Volatility Comparison
iShares Expanded Tech-Software Sector ET (IGV) has a higher volatility of 7.09% compared to Technology Select Sector SPDR Fund (XLK) at 6.36%. This indicates that IGV'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.