SPYG vs. XLK
Compare and contrast key facts about SPDR Portfolio S&P 500 Growth ETF (SPYG) and Technology Select Sector SPDR Fund (XLK).
SPYG and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYG is a passively managed fund by State Street that tracks the performance of the S&P 500 Growth Index. It was launched on Sep 25, 2000. 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 SPYG 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: SPYG or XLK.
Correlation
The correlation between SPYG and XLK is 0.87, 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.
Performance
SPYG vs. XLK - Performance Comparison
Key characteristics
SPYG:
0.84
XLK:
0.39
SPYG:
1.28
XLK:
0.74
SPYG:
1.18
XLK:
1.10
SPYG:
0.94
XLK:
0.46
SPYG:
3.21
XLK:
1.45
SPYG:
6.47%
XLK:
8.05%
SPYG:
24.80%
XLK:
30.08%
SPYG:
-67.79%
XLK:
-82.05%
SPYG:
-8.89%
XLK:
-10.88%
Returns By Period
In the year-to-date period, SPYG achieves a -4.23% return, which is significantly higher than XLK's -7.17% return. Over the past 10 years, SPYG has underperformed XLK with an annualized return of 14.23%, while XLK has yielded a comparatively higher 18.99% annualized return.
SPYG
-4.23%
16.02%
1.98%
17.10%
16.81%
14.23%
XLK
-7.17%
18.14%
-3.37%
7.11%
19.63%
18.99%
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SPYG vs. XLK - Expense Ratio Comparison
SPYG has a 0.04% expense ratio, which is lower than XLK's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SPYG vs. XLK — Risk-Adjusted Performance Rank
SPYG
XLK
SPYG vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Growth ETF (SPYG) 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
SPYG vs. XLK - Dividend Comparison
SPYG's dividend yield for the trailing twelve months is around 0.64%, less than XLK's 0.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYG SPDR Portfolio S&P 500 Growth ETF | 0.64% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.36% | 1.51% | 1.41% | 1.55% | 1.57% | 1.37% |
XLK Technology Select Sector SPDR Fund | 0.72% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
SPYG vs. XLK - Drawdown Comparison
The maximum SPYG drawdown since its inception was -67.79%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for SPYG and XLK. For additional features, visit the drawdowns tool.
Volatility
SPYG vs. XLK - Volatility Comparison
The current volatility for SPDR Portfolio S&P 500 Growth ETF (SPYG) is 15.12%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 17.38%. This indicates that SPYG 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.