TEKY vs. XLK
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 45.01% vs 64.08% 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
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Returns By Period
In the year-to-date period, TEKY achieves a 25.44% return, which is significantly lower than XLK's 34.34% return.
TEKY
- 1D
- -0.74%
- 1M
- 11.04%
- YTD
- 25.44%
- 6M
- 23.14%
- 1Y
- 45.01%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -1.56%
- 1M
- 16.63%
- YTD
- 34.34%
- 6M
- 33.10%
- 1Y
- 64.08%
- 3Y*
- 33.46%
- 5Y*
- 23.44%
- 10Y*
- 25.62%
TEKY vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEKY Lazard Next Gen Technologies ETF | 25.44% | 50.31% |
XLK State Street Technology Select Sector SPDR ETF | 34.34% | 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.
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Return for Risk
TEKY vs. XLK — Risk / Return Rank
TEKY
XLK
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 ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 4.04 | -1.93 |
| Martin ratioReturn relative to average drawdown | 5.85 | 13.55 | -7.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEKY | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 3.09 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.95 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.89 | 0.41 | +2.47 |
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.
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Drawdown Indicators
| TEKY | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -1.40% | -2.54% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -34.95% | +30.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 4.74% | +2.98% |
Volatility
TEKY vs. XLK - Volatility Comparison
Lazard Next Gen Technologies ETF (TEKY) and State Street Technology Select Sector SPDR ETF (XLK) have volatilities of 7.49% and 7.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEKY | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 7.27% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 16.76% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.08% | 20.86% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.38% | 24.90% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.38% | 24.49% | +0.89% |
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 0.20%, less than XLK's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEKY Lazard Next Gen Technologies ETF | 0.20% | 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 | 0.40% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
TEKY and XLK have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEKY has higher volatility (7.49%) compared to XLK (7.27%). In terms of maximum drawdown, TEKY dropped -21.43% vs XLK's -82.05%.
On 1-year performance, XLK leads with 64.08% vs 45.01% for TEKY. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 7.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLK has performed better with a 64.08% return vs 45.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLK is cheaper with a 0.08% expense ratio, compared with 0.50% for TEKY.
XLK has the higher dividend yield at 0.40%, compared with 0.20% for TEKY.
They also come from different issuers: Lazard and State Street. Their fees differ too: 0.50% for TEKY and 0.08% for XLK.
XLK currently has the higher Sharpe Ratio (3.09 vs 1.96), 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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