USMD vs. XLK
USMD (CoreValues America First Technology ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both Technology Equities funds. USMD is actively managed, while XLK is passively managed. Their correlation of 0.92 means they have usually moved in the same direction. USMD charges 0.87%/yr vs 0.08%/yr for XLK.
Performance
USMD vs. XLK - Performance Comparison
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Returns By Period
USMD
- 1D
- 4.53%
- 1M
- 2.48%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XLK
- 1D
- 4.98%
- 1M
- 3.49%
- 6M
- 31.87%
- YTD
- 30.13%
- 1Y
- 43.26%
- 3Y*
- 30.60%
- 5Y*
- 20.15%
- 10Y*
- 24.33%
- ALL TIME*
- 10.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $990.75 | $1.45K | $638.40 | |
| $1.76B | $1.67B | $2.24B |
USMD vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
USMD CoreValues America First Technology ETF | 26.12% |
XLK State Street Technology Select Sector SPDR ETF | 38.14% |
Correlation
The correlation between USMD and XLK is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | 0.92 |
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Return for Risk
USMD vs. XLK — Risk / Return Rank
USMD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLK
USMD vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreValues America First Technology ETF (USMD) 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.
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.
| USMD | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.73 | — |
| Martin ratioReturn relative to average drawdown | — | 7.35 | — |
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Drawdowns
USMD vs. XLK - Drawdown Comparison
The maximum USMD drawdown since its inception was -16.64%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for USMD and XLK.
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Drawdown Indicators
| USMD | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.64% | -82.05% | +65.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.92% | — |
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 | -5.38% | -5.59% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -34.79% | +30.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.90% | — |
Volatility
USMD vs. XLK - Volatility Comparison
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Volatility by Period
| USMD | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.69% | 25.96% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.69% | 25.86% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.69% | 24.96% | +2.73% |
USMD vs. XLK - Expense Ratio Comparison
USMD has a 0.87% expense ratio, which is higher than XLK's 0.08% expense ratio.
Dividends
USMD vs. XLK - Dividend Comparison
USMD has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMD CoreValues America First Technology ETF | 0.00% | 0.00% | 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 | 0.42% | 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
With a correlation of 0.92, USMD and XLK 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.
On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.87% for USMD.
XLK has the higher dividend yield at 0.42%, compared with 0.00% for USMD.
They also come from different issuers: CoreValues and State Street. Their fees differ too: 0.87% for USMD and 0.08% for XLK.
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