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IWL vs. XLK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IWL and XLK is 0.89, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

IWL vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Top 200 ETF (IWL) and Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

600.00%800.00%1,000.00%1,200.00%1,400.00%NovemberDecember2025FebruaryMarchApril
622.77%
1,133.58%
IWL
XLK

Key characteristics

Sharpe Ratio

IWL:

0.57

XLK:

0.22

Sortino Ratio

IWL:

0.92

XLK:

0.51

Omega Ratio

IWL:

1.13

XLK:

1.07

Calmar Ratio

IWL:

0.60

XLK:

0.25

Martin Ratio

IWL:

2.38

XLK:

0.83

Ulcer Index

IWL:

4.79%

XLK:

7.83%

Daily Std Dev

IWL:

19.88%

XLK:

30.22%

Max Drawdown

IWL:

-32.71%

XLK:

-82.05%

Current Drawdown

IWL:

-10.35%

XLK:

-13.77%

Returns By Period

In the year-to-date period, IWL achieves a -6.00% return, which is significantly higher than XLK's -10.19% return. Over the past 10 years, IWL has underperformed XLK with an annualized return of 12.86%, while XLK has yielded a comparatively higher 18.55% annualized return.


IWL

YTD

-6.00%

1M

-2.79%

6M

-4.00%

1Y

10.87%

5Y*

16.21%

10Y*

12.86%

XLK

YTD

-10.19%

1M

-1.44%

6M

-9.17%

1Y

5.05%

5Y*

19.52%

10Y*

18.55%

*Annualized

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IWL vs. XLK - Expense Ratio Comparison

IWL has a 0.15% expense ratio, which is higher than XLK's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for IWL: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IWL: 0.15%
Expense ratio chart for XLK: current value is 0.13%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLK: 0.13%

Risk-Adjusted Performance

IWL vs. XLK — Risk-Adjusted Performance Rank

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

IWL
The Risk-Adjusted Performance Rank of IWL is 6666
Overall Rank
The Sharpe Ratio Rank of IWL is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of IWL is 6464
Sortino Ratio Rank
The Omega Ratio Rank of IWL is 6666
Omega Ratio Rank
The Calmar Ratio Rank of IWL is 6969
Calmar Ratio Rank
The Martin Ratio Rank of IWL is 6666
Martin Ratio Rank

XLK
The Risk-Adjusted Performance Rank of XLK is 4141
Overall Rank
The Sharpe Ratio Rank of XLK is 3838
Sharpe Ratio Rank
The Sortino Ratio Rank of XLK is 4242
Sortino Ratio Rank
The Omega Ratio Rank of XLK is 4242
Omega Ratio Rank
The Calmar Ratio Rank of XLK is 4444
Calmar Ratio Rank
The Martin Ratio Rank of XLK is 4040
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IWL vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) 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.


The chart of Sharpe ratio for IWL, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
IWL: 0.57
XLK: 0.22
The chart of Sortino ratio for IWL, currently valued at 0.92, compared to the broader market-2.000.002.004.006.008.00
IWL: 0.92
XLK: 0.51
The chart of Omega ratio for IWL, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
IWL: 1.13
XLK: 1.07
The chart of Calmar ratio for IWL, currently valued at 0.60, compared to the broader market0.002.004.006.008.0010.0012.00
IWL: 0.60
XLK: 0.25
The chart of Martin ratio for IWL, currently valued at 2.38, compared to the broader market0.0020.0040.0060.00
IWL: 2.38
XLK: 0.83

The current IWL Sharpe Ratio is 0.57, which is higher than the XLK Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of IWL and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.57
0.22
IWL
XLK

Dividends

IWL vs. XLK - Dividend Comparison

IWL's dividend yield for the trailing twelve months is around 1.12%, more than XLK's 0.75% yield.


TTM20242023202220212020201920182017201620152014
IWL
iShares Russell Top 200 ETF
1.12%1.04%1.30%1.53%1.12%1.30%1.96%1.93%1.69%1.96%2.14%1.68%
XLK
Technology Select Sector SPDR Fund
0.75%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%

Drawdowns

IWL vs. XLK - Drawdown Comparison

The maximum IWL drawdown since its inception was -32.71%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IWL and XLK. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.35%
-13.77%
IWL
XLK

Volatility

IWL vs. XLK - Volatility Comparison

The current volatility for iShares Russell Top 200 ETF (IWL) is 14.20%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 19.02%. This indicates that IWL 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.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
14.20%
19.02%
IWL
XLK