TEKY vs. XLK

Last updated Apr 11, 2026

TEKY (Lazard Next Gen Technologies ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds. TEKY is actively managed, while XLK is passively managed. Over the past year, TEKY returned 36.79% vs 47.59% for XLK. Their correlation of 0.90 suggests significant overlap in exposure. TEKY charges 0.50%/yr vs 0.08%/yr for XLK.

Performance

TEKY vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Next Gen Technologies ETF (TEKY) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEKY achieves a -3.29% return, which is significantly lower than XLK's -0.81% return.

TEKY

• 1D: 0.42%
• 1M: 0.95%
• YTD: -3.29%
• 6M: -5.12%
• 1Y: 36.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLK

• 1D: 0.39%
• 1M: 1.69%
• YTD: -0.81%
• 6M: 2.74%
• 1Y: 47.59%
• 3Y*: 25.42%
• 5Y*: 15.89%
• 10Y*: 21.85%

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

TEKY vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025
TEKY Lazard Next Gen Technologies ETF	-3.29%	50.31%
XLK State Street Technology Select Sector SPDR ETF	-0.81%	57.65%

Correlation

The correlation between TEKY and XLK is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification — they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025	0.90

The correlation between TEKY and XLK has been stable across timeframes, ranging from 0.90 to 0.90 — a consistent structural relationship.

Return for Risk

TEKY vs. XLK — Risk / Return Rank

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

TEKY

TEKY Risk / Return Rank: 31
TEKY Sharpe Ratio Rank: 34
TEKY Sortino Ratio Rank: 32
TEKY Omega Ratio Rank: 32
TEKY Calmar Ratio Rank: 28
TEKY Martin Ratio Rank: 26

XLK

XLK Risk / Return Rank: 57
XLK Sharpe Ratio Rank: 63
XLK Sortino Ratio Rank: 55
XLK Omega Ratio Rank: 55
XLK Calmar Ratio Rank: 59
XLK Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEKY vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) and State Street Technology Select Sector SPDR ETF (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.

	TEKY	XLK	Difference
Sharpe ratio Return per unit of total volatility	1.63	2.28	-0.66
Sortino ratio Return per unit of downside risk	2.24	2.93	-0.70
Omega ratio Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio Return relative to maximum drawdown	2.20	3.74	-1.55
Martin ratio Return relative to average drawdown	6.17	12.39	-6.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEKY vs. XLK - Sharpe Ratio Comparison

The current TEKY Sharpe Ratio is 1.63, which is comparable to the XLK Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of TEKY and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEKY	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.28	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	0.37	+1.41

Drawdowns

TEKY vs. XLK - Drawdown Comparison

The maximum TEKY drawdown since its inception was -21.43%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for TEKY and XLK.

Drawdown Indicators

	TEKY	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-82.05%	+60.62%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-15.92%	-5.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-12.31%	-5.95%	-6.36%
Average Drawdown Average peak-to-trough decline	-5.16%	-35.14%	+29.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	4.81%	+2.81%

Volatility

TEKY vs. XLK - Volatility Comparison

Lazard Next Gen Technologies ETF (TEKY) has a higher volatility of 10.34% compared to State Street Technology Select Sector SPDR ETF (XLK) at 8.13%. This indicates that TEKY's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEKY	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.34%	8.13%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	18.34%	16.64%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	23.05%	21.59%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.41%	24.72%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.41%	24.34%	+1.07%

TEKY vs. XLK - Expense Ratio Comparison

TEKY has a 0.50% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

TEKY vs. XLK - Dividend Comparison

TEKY's dividend yield for the trailing twelve months is around 0.26%, less than XLK's 0.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEKY Lazard Next Gen Technologies ETF	0.26%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.54%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%