WISE vs. XLKI

Last updated Aug 4, 2026

WISE (Themes Generative Artificial Intelligence ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both exchange-traded funds - WISE is a Artificial Intelligence fund tracking the Solactive Generative Artificial Intelligence Index - Benchmark TR Gross, while XLKI is a Technology Equities fund actively managed by State Street. WISE is passively managed, while XLKI is actively managed. Over the past year, WISE returned 0.31% vs 26.30% for XLKI. Their 0.75 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.35% expense ratio.

Performance

WISE vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Generative Artificial Intelligence ETF (WISE) 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

In the year-to-date period, WISE achieves a -8.91% return, which is significantly lower than XLKI's 12.19% return.

WISE

• 1D: 3.57%
• 1M: -3.63%
• 6M: -6.05%
• YTD: -8.91%
• 1Y: 0.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.55%

XLKI

• 1D: 1.38%
• 1M: 0.31%
• 6M: 9.72%
• YTD: 12.19%
• 1Y: 26.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.17%

*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)
WISE Themes Generative Artificial Intelligence ETF	$181.34K	$202.97K	$449.21K
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$526.89K	$421.64K	$346.32K

WISE vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
WISE Themes Generative Artificial Intelligence ETF	-8.91%	7.10%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	12.19%	10.02%

Correlation

The correlation between WISE and XLKI is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.75

The correlation between WISE and XLKI has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

WISE vs. XLKI - Sectors Allocation Comparison

Sectors	WISE	XLKI
Technology	91.3%	99.2%
Consumer Cyclical	3.5%	-
Communication Services	2.9%	0.8%
Industrials	1.3%	-
Healthcare	0.8%	-
Utilities	0.2%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.9%
Real Estate	-	-

Return for Risk

WISE vs. XLKI — Risk / Return Rank

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

WISE

WISE Risk / Return Rank: 12
WISE Sharpe Ratio Rank: 11
WISE Sortino Ratio Rank: 12
WISE Omega Ratio Rank: 12
WISE Calmar Ratio Rank: 11
WISE Martin Ratio Rank: 11

XLKI

XLKI Risk / Return Rank: 57
XLKI Sharpe Ratio Rank: 52
XLKI Sortino Ratio Rank: 50
XLKI Omega Ratio Rank: 53
XLKI Calmar Ratio Rank: 65
XLKI Martin Ratio Rank: 66

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.

WISE vs. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Generative Artificial Intelligence ETF (WISE) 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.

	WISE	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	0.01	1.33	-1.32
Sortino ratio: Return per unit of downside risk	0.26	1.84	-1.59
Omega ratio: Gain probability vs. loss probability	1.03	1.25	-0.22
Calmar ratio: Return relative to maximum drawdown	0.01	2.36	-2.35
Martin ratio: Return relative to average drawdown	0.02	8.25	-8.23

WISE vs. XLKI - Sharpe Ratio Comparison

The current WISE Sharpe Ratio is 0.01, which is lower than the XLKI Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of WISE and XLKI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WISE vs. XLKI - Drawdown Comparison

The maximum WISE drawdown since its inception was -39.15%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for WISE and XLKI.

Drawdown Indicators

	WISE	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-39.15%	-11.21%	-27.94%
Max Drawdown (1Y) Largest decline over 1 year	-34.08%	-11.21%	-22.87%
Current Drawdown Current decline from peak	-22.45%	-5.44%	-17.01%
Average Drawdown Average peak-to-trough decline	-12.34%	-2.17%	-10.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.28%	3.20%	+13.08%

Volatility

WISE vs. XLKI - Volatility Comparison

Themes Generative Artificial Intelligence ETF (WISE) has a higher volatility of 11.39% compared to State Street Technology Select Sector SPDR Premium Income ETF (XLKI) at 8.46%. This indicates that WISE's price experiences larger fluctuations and is considered to be riskier than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WISE	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	8.46%	+2.93%
Volatility (6M) Calculated over the trailing 6-month period	27.27%	17.52%	+9.75%
Volatility (1Y) Calculated over the trailing 1-year period	35.04%	19.95%	+15.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.06%	19.92%	+14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.06%	19.92%	+14.14%

WISE vs. XLKI - Expense Ratio Comparison

Both WISE and XLKI have an expense ratio of 0.35%.

Dividends

WISE vs. XLKI - Dividend Comparison

WISE's dividend yield for the trailing twelve months is around 4.53%, less than XLKI's 19.68% yield.

Position	TTM	2025
WISE Themes Generative Artificial Intelligence ETF	4.53%	4.12%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	19.68%	8.52%

Frequently Asked Questions

Can I hold both WISE and XLKI in my portfolio?

WISE and XLKI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WISE or XLKI?

WISE has higher volatility (11.39%) compared to XLKI (8.46%). In terms of maximum drawdown, WISE dropped -39.15% vs XLKI's -11.21%.

Which ETF is better, WISE or XLKI?

On 1-year performance, XLKI leads with 26.30% vs 0.31% for WISE. Both ETFs have the same 0.35% expense ratio. On volatility, XLKI has been the lower-risk option at 8.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WISE or XLKI?

Over the 1-year period, XLKI has performed better with a 26.30% return vs 0.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WISE or XLKI?

WISE and XLKI have the same expense ratio: 0.35% per year.

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

XLKI has the higher dividend yield at 19.68%, compared with 4.53% for WISE.

What is the main difference between WISE and XLKI?

WISE is categorized as Artificial Intelligence, while XLKI is Technology Equities. They also come from different issuers: Themes and State Street.

Which has better risk-adjusted returns?

XLKI currently has the higher Sharpe Ratio (1.33 vs 0.01), 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.