IXN vs. XLK
Compare and contrast key facts about iShares Global Tech ETF (IXN) and Technology Select Sector SPDR Fund (XLK).
IXN and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 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 IXN 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: IXN or XLK.
Performance
IXN vs. XLK - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IXN having a 20.28% return and XLK slightly lower at 19.44%. Over the past 10 years, IXN has underperformed XLK with an annualized return of 18.95%, while XLK has yielded a comparatively higher 20.13% annualized return.
IXN
20.28%
-1.23%
8.04%
27.02%
20.50%
18.95%
XLK
19.44%
-0.30%
8.36%
25.78%
22.44%
20.13%
Key characteristics
| IXN | XLK | |
|---|---|---|
| Sharpe Ratio | 1.29 | 1.22 |
| Sortino Ratio | 1.78 | 1.68 |
| Omega Ratio | 1.24 | 1.23 |
| Calmar Ratio | 1.65 | 1.56 |
| Martin Ratio | 5.25 | 5.38 |
| Ulcer Index | 5.29% | 4.91% |
| Daily Std Dev | 21.46% | 21.72% |
| Max Drawdown | -55.67% | -82.05% |
| Current Drawdown | -6.80% | -3.67% |
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IXN vs. XLK - Expense Ratio Comparison
IXN has a 0.46% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between IXN and XLK is 0.90, 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
IXN vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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
IXN vs. XLK - Dividend Comparison
IXN's dividend yield for the trailing twelve months is around 0.45%, less than XLK's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXN iShares Global Tech ETF | 0.45% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% | 1.02% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
IXN vs. XLK - Drawdown Comparison
The maximum IXN drawdown since its inception was -55.67%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IXN and XLK. For additional features, visit the drawdowns tool.
Volatility
IXN vs. XLK - Volatility Comparison
The current volatility for iShares Global Tech ETF (IXN) is 5.55%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.32%. This indicates that IXN 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.