XLK vs. CONY
XLK (State Street Technology Select Sector SPDR ETF) and CONY (YieldMax COIN Option Income Strategy 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 CONY is a Derivative Income fund actively managed by YieldMax. XLK is passively managed, while CONY is actively managed. Over the past year, XLK returned 52.47% vs -49.52% for CONY. A 0.50 correlation means they provide meaningful diversification when combined. XLK charges 0.08%/yr vs 0.99%/yr for CONY.
Performance
XLK vs. CONY - Performance Comparison
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Returns By Period
In the year-to-date period, XLK achieves a 28.25% return, which is significantly higher than CONY's -26.79% return.
XLK
- 1D
- -4.14%
- 1M
- 2.23%
- YTD
- 28.25%
- 6M
- 26.51%
- 1Y
- 52.47%
- 3Y*
- 30.61%
- 5Y*
- 21.34%
- 10Y*
- 25.48%
CONY
- 1D
- -3.16%
- 1M
- -11.77%
- YTD
- -26.79%
- 6M
- -30.97%
- 1Y
- -49.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK vs. CONY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.25% | 24.61% | 21.63% | 14.01% |
CONY YieldMax COIN Option Income Strategy ETF | -26.79% | -26.34% | 23.62% | 76.18% |
Correlation
The correlation between XLK and CONY is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2023 | 0.50 |
The correlation between XLK and CONY has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.
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Return for Risk
XLK vs. CONY — Risk / Return Rank
XLK
CONY
XLK vs. CONY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and YieldMax COIN Option Income Strategy ETF (CONY). 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 | CONY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.99 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.86 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | -0.78 | +4.09 |
| Martin ratioReturn relative to average drawdown | 10.56 | -1.24 | +11.81 |
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Drawdowns
XLK vs. CONY - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than CONY's maximum drawdown of -63.57%. Use the drawdown chart below to compare losses from any high point for XLK and CONY.
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Drawdown Indicators
| XLK | CONY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -63.57% | -18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -63.39% | +47.47% |
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 | -6.96% | -58.53% | +51.57% |
Average DrawdownAverage peak-to-trough decline | -34.90% | -22.83% | -12.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.98% | 39.89% | -34.91% |
Volatility
XLK vs. CONY - Volatility Comparison
The current volatility for State Street Technology Select Sector SPDR ETF (XLK) is 12.51%, while YieldMax COIN Option Income Strategy ETF (CONY) has a volatility of 15.74%. This indicates that XLK experiences smaller price fluctuations and is considered to be less risky than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLK | CONY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.51% | 15.74% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 19.70% | 44.42% | -24.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.48% | 57.79% | -34.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.37% | 59.89% | -34.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.71% | 59.89% | -35.18% |
XLK vs. CONY - Expense Ratio Comparison
XLK has a 0.08% expense ratio, which is lower than CONY's 0.99% expense ratio.
Dividends
XLK vs. CONY - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.43%, less than CONY's 204.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONY YieldMax COIN Option Income Strategy ETF | 204.97% | 192.07% | 155.66% | 16.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK State Street Technology Select Sector SPDR ETF | 0.43% | 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 CONY have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONY has higher volatility (15.74%) compared to XLK (12.51%). In terms of maximum drawdown, XLK dropped -82.05% vs CONY's -63.57%.
On 1-year performance, XLK leads with 52.47% vs -49.52% for CONY. On fees, XLK is cheaper at 0.08% per year. On volatility, XLK has been the lower-risk option at 12.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLK has performed better with a 52.47% return vs -49.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLK is cheaper with a 0.08% expense ratio, compared with 0.99% for CONY.
CONY has the higher dividend yield at 204.97%, compared with 0.43% for XLK.
XLK is categorized as Technology Equities, while CONY is Derivative Income. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.08% for XLK and 0.99% for CONY.
XLK currently has the higher Sharpe Ratio (2.25 vs -0.86), 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.
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