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XLK vs. CAIE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLK vs. CAIE

Last updated Jun 16, 2026

XLK (State Street Technology Select Sector SPDR ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. XLK charges 0.08%/yr vs 0.74%/yr for CAIE.

Performance

XLK vs. CAIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) and Calamos Autocallable Income ETF (CAIE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLK achieves a 33.38% return, which is significantly higher than CAIE's 8.63% return.

XLK

1D
3.78%
1M
8.81%
YTD
33.38%
6M
35.15%
1Y
61.29%
3Y*
31.25%
5Y*
22.96%
10Y*
25.75%

CAIE

1D
1.15%
1M
1.01%
YTD
8.63%
6M
9.20%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLK vs. CAIE - Yearly Performance Comparison

2026 (YTD)2025
XLK
State Street Technology Select Sector SPDR ETF		33.38%16.79%
CAIE
Calamos Autocallable Income ETF		8.63%15.12%

Correlation

The correlation between XLK and CAIE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 25, 2025

0.76

XLK vs. CAIE - Sectors Allocation Comparison

Sectors
XLK
CAIE

Technology

99.7%

-

Energy

0.2%

-

Industrials

0.1%

-

Basic Materials

-

13.2%

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

XLK
99.7%
CAIE

-

Energy

XLK
0.2%
CAIE

-

Industrials

XLK
0.1%
CAIE

-

Basic Materials

XLK

-

CAIE
13.2%

Communication Services

XLK

-

CAIE

-

Consumer Cyclical

XLK

-

CAIE

-

Consumer Defensive

XLK

-

CAIE

-

Financial Services

XLK

-

CAIE

-

Healthcare

XLK

-

CAIE

-

Real Estate

XLK

-

CAIE

-

Utilities

XLK

-

CAIE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Technology Select Sector SPDR ETF

Calamos Autocallable Income ETF

Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. XLEXLK vs. IYW
Often compared with CAIE:
CAIE vs. CMPCAIE vs. SPYCAIE vs. CAIQCAIE vs. SBARCAIE vs. SPYICAIE vs. XVCAIE vs. GPIQ

Return for Risk

XLK vs. CAIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLK
XLK Risk / Return Rank: 8282
Overall Rank
XLK Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 8383
Sortino Ratio Rank
XLK Omega Ratio Rank: 8383
Omega Ratio Rank
XLK Calmar Ratio Rank: 8282
Calmar Ratio Rank
XLK Martin Ratio Rank: 7474
Martin Ratio Rank
CAIE

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

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLK vs. CAIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Calamos Autocallable Income ETF (CAIE). 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.

XLKCAIEDifference
Sharpe ratioReturn per unit of total volatility
2.71

—

—

Sortino ratioReturn per unit of downside risk
3.26

—

—

Omega ratioGain probability vs. loss probability

1.44

—

—

Calmar ratioReturn relative to maximum drawdown

3.87

—

—

Martin ratioReturn relative to average drawdown

12.48

—

—

XLK vs. CAIE - Sharpe Ratio Comparison

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Drawdowns

XLK vs. CAIE - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than CAIE's maximum drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for XLK and CAIE.

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Drawdown Indicators

XLKCAIEDifference

Max Drawdown

Largest peak-to-trough decline

-82.05%

-7.73%

-74.32%

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 Drawdown

Current decline from peak

-3.24%

-0.80%

-2.44%

Average Drawdown

Average peak-to-trough decline

-34.92%

-1.08%

-33.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

—

—

Volatility

XLK vs. CAIE - Volatility Comparison

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Volatility by Period

XLKCAIEDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.35%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

19.24%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

22.81%

12.08%

+10.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.24%

12.08%

+13.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.68%

12.08%

+12.60%

XLK vs. CAIE - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than CAIE's 0.74% expense ratio.

Dividends

XLK vs. CAIE - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.40%, less than CAIE's 13.15% yield.

PositionTTM20252024202320222021202020192018201720162015
CAIE
Calamos Autocallable Income ETF		13.15%7.46%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

XLK and CAIE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.74% for CAIE.

CAIE has the higher dividend yield at 13.15%, compared with 0.40% for XLK.

XLK is categorized as Technology Equities, while CAIE is Derivative Income. XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Index. They also come from different issuers: State Street and Calamos. Their fees differ too: 0.08% for XLK and 0.74% for CAIE.

Portfolio Optimizer

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