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IYW vs. XLKI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

IYW vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Technology ETF (IYW) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

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

Liquidity Comparison


PositionAvg. 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


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

Compare historical risk-adjusted metric ranks over the past 12 months.

IYW
IYW Risk / Return Rank: 5151
Overall Rank
IYW Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IYW Sortino Ratio Rank: 5353
Sortino Ratio Rank
IYW Omega Ratio Rank: 5151
Omega Ratio Rank
IYW Calmar Ratio Rank: 5050
Calmar Ratio Rank
IYW Martin Ratio Rank: 4646
Martin Ratio Rank

XLKI
XLKI Risk / Return Rank: 5151
Overall Rank
XLKI Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
XLKI Sortino Ratio Rank: 4343
Sortino Ratio Rank
XLKI Omega Ratio Rank: 4747
Omega Ratio Rank
XLKI Calmar Ratio Rank: 5757
Calmar Ratio Rank
XLKI Martin Ratio Rank: 6060
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.


IYWXLKIDifference
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

IYW vs. XLKI - Sharpe Ratio Comparison

The current IYW Sharpe Ratio is 1.33, which is comparable to the XLKI Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of IYW and XLKI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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


IYWXLKIDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-8.40%

-6.73%

-1.67%

Average Drawdown

Average peak-to-trough decline

-34.48%

-2.16%

-32.32%

Ulcer Index

Depth 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


IYWXLKIDifference

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.


PositionTTM20252024202320222021202020192018201720162015
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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