USMD vs. XLKI

Last updated Aug 5, 2026

USMD (CoreValues America First Technology ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. Both are actively managed. Their correlation of 0.91 means they have usually moved in the same direction. USMD charges 0.87%/yr vs 0.35%/yr for XLKI.

Performance

USMD vs. XLKI - Performance Comparison

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

Returns By Period

USMD

• 1D: 4.53%
• 1M: 2.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XLKI

• 1D: 3.82%
• 1M: 4.14%
• 6M: 15.99%
• YTD: 16.47%
• 1Y: 28.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
USMD CoreValues America First Technology ETF	$990.75	$1.45K	$638.40
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$534.51K	$420.37K	$346.02K

USMD vs. XLKI - Yearly Performance Comparison

	2026 (YTD)
USMD CoreValues America First Technology ETF	26.12%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	21.45%

Correlation

The correlation between USMD and XLKI is 0.91, 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	0.91

Return for Risk

USMD vs. XLKI — Risk / Return Rank

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

USMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XLKI

XLKI Risk / Return Rank: 57
XLKI Sharpe Ratio Rank: 52
XLKI Sortino Ratio Rank: 49
XLKI Omega Ratio Rank: 53
XLKI Calmar Ratio Rank: 65
XLKI Martin Ratio Rank: 67

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.

USMD vs. XLKI - 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 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.

	USMD	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	1.99	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.58	—
Martin ratio: Return relative to average drawdown	—	9.03	—

Drawdowns

USMD vs. XLKI - Drawdown Comparison

The maximum USMD drawdown since its inception was -16.64%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for USMD and XLKI.

Drawdown Indicators

	USMD	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-11.21%	-5.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.21%	—
Current Drawdown Current decline from peak	-5.38%	-1.83%	-3.55%
Average Drawdown Average peak-to-trough decline	-4.10%	-2.17%	-1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.20%	—

Volatility

Volatility by Period

	USMD	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.69%	20.25%	+7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.69%	20.22%	+7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.69%	20.22%	+7.47%

USMD vs. XLKI - Expense Ratio Comparison

USMD has a 0.87% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

USMD vs. XLKI - Dividend Comparison

USMD has not paid dividends to shareholders, while XLKI's dividend yield for the trailing twelve months is around 18.96%.

Position	TTM	2025
USMD CoreValues America First Technology ETF	0.00%	0.00%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	18.96%	8.52%

Frequently Asked Questions

Can I hold both USMD and XLKI in my portfolio?

With a correlation of 0.91, USMD 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.

Which ETF is better, USMD or XLKI?

On fees, XLKI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USMD or XLKI?

XLKI is cheaper with a 0.35% expense ratio, compared with 0.87% for USMD.

Which ETF pays a higher dividend yield, USMD or XLKI?

XLKI has the higher dividend yield at 18.96%, compared with 0.00% for USMD.

What is the main difference between USMD and XLKI?

They also come from different issuers: CoreValues and State Street. Their fees differ too: 0.87% for USMD and 0.35% for XLKI.