XLK vs. ASMH

Last updated Aug 5, 2026

XLK (State Street Technology Select Sector SPDR ETF) and ASMH (ASML Holding NV ADR Hedged ETF) are both Technology Equities funds - XLK tracks the S&P Technology Select Sector Daily Capped 35/20 Index while ASMH tracks the ASML Holding NV Sponsored ADR. Both are passively managed. Over the past year, XLK returned 43.26% vs 149.14% for ASMH. Their 0.67 correlation means they have sometimes moved together and sometimes differently. XLK charges 0.08%/yr vs 0.19%/yr for ASMH.

Performance

XLK vs. ASMH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) and ASML Holding NV ADR Hedged ETF (ASMH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLK achieves a 30.13% return, which is significantly lower than ASMH's 64.20% return.

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%

ASMH

• 1D: 3.73%
• 1M: -3.58%
• 6M: 27.09%
• YTD: 64.20%
• 1Y: 149.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 111.70%

*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)
ASMH ASML Holding NV ADR Hedged ETF	$132.31K	$250.21K	$303.84K
XLK State Street Technology Select Sector SPDR ETF	$1.76B	$1.67B	$2.24B

XLK vs. ASMH - Yearly Performance Comparison

	2026 (YTD)	2025
XLK State Street Technology Select Sector SPDR ETF	30.13%	50.28%
ASMH ASML Holding NV ADR Hedged ETF	64.20%	59.22%

Correlation

The correlation between XLK and ASMH is 0.68, 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.	0.68
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.67

The correlation between XLK and ASMH has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.

Return for Risk

XLK vs. ASMH — Risk / Return Rank

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

XLK

XLK Risk / Return Rank: 61
XLK Sharpe Ratio Rank: 64
XLK Sortino Ratio Rank: 58
XLK Omega Ratio Rank: 58
XLK Calmar Ratio Rank: 70
XLK Martin Ratio Rank: 56

ASMH

ASMH Risk / Return Rank: 95
ASMH Sharpe Ratio Rank: 97
ASMH Sortino Ratio Rank: 93
ASMH Omega Ratio Rank: 91
ASMH Calmar Ratio Rank: 96
ASMH Martin Ratio Rank: 96

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.

XLK vs. ASMH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and ASML Holding NV ADR Hedged ETF (ASMH). 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.

	XLK	ASMH	Difference
Sharpe ratio: Return per unit of total volatility	1.68	3.44	-1.76
Sortino ratio: Return per unit of downside risk	2.25	3.75	-1.50
Omega ratio: Gain probability vs. loss probability	1.28	1.46	-0.18
Calmar ratio: Return relative to maximum drawdown	2.73	6.97	-4.24
Martin ratio: Return relative to average drawdown	7.35	24.87	-17.51

XLK vs. ASMH - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 1.68, which is lower than the ASMH Sharpe Ratio of 3.44. The chart below compares the historical Sharpe Ratios of XLK and ASMH, 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

XLK vs. ASMH - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than ASMH's maximum drawdown of -21.52%. Use the drawdown chart below to compare losses from any high point for XLK and ASMH.

Drawdown Indicators

	XLK	ASMH	Difference
Max Drawdown Largest peak-to-trough decline	-82.05%	-21.52%	-60.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-21.52%	+5.60%
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 Drawdown Current decline from peak	-5.59%	-14.29%	+8.70%
Average Drawdown Average peak-to-trough decline	-34.79%	-4.81%	-29.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	6.02%	-0.12%

Volatility

XLK vs. ASMH - Volatility Comparison

The current volatility for State Street Technology Select Sector SPDR ETF (XLK) is 10.47%, while ASML Holding NV ADR Hedged ETF (ASMH) has a volatility of 13.48%. This indicates that XLK experiences smaller price fluctuations and is considered to be less risky than ASMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLK	ASMH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	13.48%	-3.01%
Volatility (6M) Calculated over the trailing 6-month period	22.23%	35.00%	-12.77%
Volatility (1Y) Calculated over the trailing 1-year period	25.96%	43.62%	-17.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.86%	41.64%	-15.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.96%	41.64%	-16.68%

XLK vs. ASMH - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than ASMH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLK vs. ASMH - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.42%, less than ASMH's 1.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMH ASML Holding NV ADR Hedged ETF	1.87%	0.19%	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

Can I hold both XLK and ASMH in my portfolio?

XLK and ASMH have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLK or ASMH?

ASMH has higher volatility (13.48%) compared to XLK (10.47%). In terms of maximum drawdown, XLK dropped -82.05% vs ASMH's -21.52%.

Which ETF is better, XLK or ASMH?

On 1-year performance, ASMH leads with 149.14% vs 43.26% for XLK. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 10.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLK or ASMH?

Over the 1-year period, ASMH has performed better with a 149.14% return vs 43.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLK or ASMH?

XLK is cheaper with a 0.08% expense ratio, compared with 0.19% for ASMH.

Which ETF pays a higher dividend yield, XLK or ASMH?

ASMH has the higher dividend yield at 1.87%, compared with 0.42% for XLK.

What is the main difference between XLK and ASMH?

XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while ASMH tracks ASML Holding NV Sponsored ADR. They also come from different issuers: State Street and Precidian. Their fees differ too: 0.08% for XLK and 0.19% for ASMH.

Which has better risk-adjusted returns?

ASMH currently has the higher Sharpe Ratio (3.44 vs 1.68), 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.