IVES vs. XLK

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds - IVES tracks the Solactive Wedbush Artificial Intelligence Index while XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. IVES charges 0.75%/yr vs 0.08%/yr for XLK.

Performance

IVES vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 27.14% return, which is significantly lower than XLK's 36.47% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 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%

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

IVES vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%
XLK State Street Technology Select Sector SPDR ETF	36.47%	22.14%

Correlation

The correlation between IVES and XLK is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.90

IVES vs. XLK - Sectors Allocation Comparison

Sectors	IVES	XLK
Technology	67.8%	99.7%
Consumer Cyclical	12.9%	-
Communication Services	11.8%	-
Industrials	4.3%	0.1%
Financial Services	1.7%	-
Utilities	1.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.2%
Healthcare	-	-
Real Estate	-	-

Return for Risk

IVES vs. XLK — Risk / Return Rank

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

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.

IVES vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVES	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.24	—
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	2.32	0.42	+1.90

Drawdowns

IVES vs. XLK - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IVES and XLK.

Drawdown Indicators

	IVES	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-82.05%	+59.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
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	-3.69%	-1.00%	-2.69%
Average Drawdown Average peak-to-trough decline	-5.63%	-34.96%	+29.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.74%	—

Volatility

Volatility by Period

	IVES	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	20.82%	+4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	24.90%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	24.49%	+1.28%

IVES vs. XLK - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

IVES vs. XLK - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than XLK's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	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

Can I hold both IVES and XLK in my portfolio?

With a correlation of 0.90, IVES and XLK move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IVES or XLK?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVES or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.75% for IVES.

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

XLK has the higher dividend yield at 0.39%, compared with 0.33% for IVES.

What is the main difference between IVES and XLK?

IVES tracks Solactive Wedbush Artificial Intelligence Index, while XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index. They also come from different issuers: Wedbush and State Street. Their fees differ too: 0.75% for IVES and 0.08% for XLK.