IYW vs. XLKI
IYW (iShares U.S. Technology ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. IYW is passively managed, while XLKI is actively managed. Over the past year, IYW returned 34.47% vs 24.59% for XLKI. Their correlation of 0.94 means they have usually moved in the same direction. IYW charges 0.38%/yr vs 0.35%/yr for XLKI.
Performance
IYW vs. XLKI - Performance Comparison
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Returns By Period
In the year-to-date period, IYW achieves a 19.29% return, which is significantly higher than XLKI's 10.67% return.
IYW
- 1D
- 0.46%
- 1M
- -2.23%
- 6M
- 20.08%
- YTD
- 19.29%
- 1Y
- 34.47%
- 3Y*
- 28.25%
- 5Y*
- 18.55%
- 10Y*
- 24.38%
- ALL TIME*
- 9.16%
XLKI
- 1D
- 0.01%
- 1M
- -1.06%
- 6M
- 9.29%
- YTD
- 10.67%
- 1Y
- 24.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $125.49M | $126.55M | $189.91M | |
| $514.98K | $430.22K | $356.64K |
IYW vs. XLKI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IYW iShares U.S. Technology ETF | 19.29% | 10.36% |
XLKI State Street Technology Select Sector SPDR Premium Income ETF | 10.67% | 10.02% |
Correlation
The correlation between IYW and XLKI is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025 | 0.94 |
The correlation between IYW and XLKI has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
IYW vs. XLKI — Risk / Return Rank
IYW
XLKI
IYW vs. XLKI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Technology ETF (IYW) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IYW | XLKI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.02 | -0.24 |
| Martin ratioReturn relative to average drawdown | 5.23 | 7.10 | -1.87 |
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Drawdowns
IYW vs. XLKI - Drawdown Comparison
The maximum IYW drawdown since its inception was -81.90%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for IYW and XLKI.
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Drawdown Indicators
| IYW | XLKI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.90% | -11.21% | -70.69% |
Max Drawdown (1Y)Largest decline over 1 year | -17.81% | -11.21% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.44% | — | — |
Current DrawdownCurrent decline from peak | -8.40% | -6.73% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -34.48% | -2.16% | -32.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 3.18% | +2.85% |
Volatility
IYW vs. XLKI - Volatility Comparison
The current volatility for iShares U.S. Technology ETF (IYW) is 7.86%, while State Street Technology Select Sector SPDR Premium Income ETF (XLKI) has a volatility of 8.68%. This indicates that IYW experiences smaller price fluctuations and is considered to be less risky than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IYW | XLKI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.86% | 8.68% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.90% | 17.55% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 19.96% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.47% | 19.92% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.36% | 19.92% | +5.44% |
IYW vs. XLKI - Expense Ratio Comparison
IYW has a 0.38% expense ratio, which is higher than XLKI's 0.35% expense ratio.
Dividends
IYW vs. XLKI - Dividend Comparison
IYW's dividend yield for the trailing twelve months is around 0.11%, less than XLKI's 17.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYW iShares U.S. Technology ETF | 0.11% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
XLKI State Street Technology Select Sector SPDR Premium Income ETF | 17.91% | 8.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, IYW and XLKI 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.
XLKI has higher volatility (8.68%) compared to IYW (7.86%). In terms of maximum drawdown, IYW dropped -81.90% vs XLKI's -11.21%.
On 1-year performance, IYW leads with 34.47% vs 24.59% for XLKI. On fees, XLKI is cheaper at 0.35% per year. On volatility, IYW has been the lower-risk option at 7.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IYW has performed better with a 34.47% return vs 24.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLKI is cheaper with a 0.35% expense ratio, compared with 0.38% for IYW.
XLKI has the higher dividend yield at 17.91%, compared with 0.11% for IYW.
They also come from different issuers: iShares and State Street. Their fees differ too: 0.38% for IYW and 0.35% for XLKI.
IYW currently has the higher Sharpe Ratio (1.33 vs 1.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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