PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XLK vs. DVY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLK vs. DVY

Last updated Jun 14, 2026

XLK (State Street Technology Select Sector SPDR ETF) and DVY (iShares Select Dividend 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 DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. Both are passively managed. Over the past 10 years, XLK returned 25.19%/yr vs 10.49%/yr for DVY. A 0.60 correlation means they provide meaningful diversification when combined. XLK charges 0.08%/yr vs 0.39%/yr for DVY.

Performance

XLK vs. DVY - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, XLK achieves a 28.52% return, which is significantly higher than DVY's 13.40% return. Over the past 10 years, XLK has outperformed DVY with an annualized return of 25.19%, while DVY has yielded a comparatively lower 10.49% annualized return.

XLK

1D
0.87%
1M
2.95%
YTD
28.52%
6M
28.96%
1Y
55.42%
3Y*
30.28%
5Y*
22.02%
10Y*
25.19%

DVY

1D
1.18%
1M
4.16%
YTD
13.40%
6M
12.29%
1Y
25.66%
3Y*
15.86%
5Y*
9.31%
10Y*
10.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLK vs. DVY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XLK
State Street Technology Select Sector SPDR ETF		28.52%24.61%21.63%56.02%-27.73%34.74%43.62%49.86%-1.68%34.26%
DVY
iShares Select Dividend ETF		13.40%11.60%16.24%1.12%1.80%31.70%-4.91%22.62%-6.36%14.82%

Correlation

The correlation between XLK and DVY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2003

0.60

Over the past year, the correlation between XLK and DVY has dropped to 0.15 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

XLK vs. DVY - Sectors Allocation Comparison

Sectors
XLK
DVY

Technology

99.7%
4.0%

Energy

0.2%
8.8%

Industrials

0.1%
2.0%

Basic Materials

-

2.1%

Communication Services

-

5.5%

Consumer Cyclical

-

9.6%

Consumer Defensive

-

13.5%

Financial Services

-

25.1%

Healthcare

-

5.2%

Real Estate

-

-

Utilities

-

23.7%

Technology

XLK
99.7%
DVY
4.0%

Energy

XLK
0.2%
DVY
8.8%

Industrials

XLK
0.1%
DVY
2.0%

Basic Materials

XLK

-

DVY
2.1%

Communication Services

XLK

-

DVY
5.5%

Consumer Cyclical

XLK

-

DVY
9.6%

Consumer Defensive

XLK

-

DVY
13.5%

Financial Services

XLK

-

DVY
25.1%

Healthcare

XLK

-

DVY
5.2%

Real Estate

XLK

-

DVY

-

Utilities

XLK

-

DVY
23.7%

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

iShares Select Dividend ETF

Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. XLEXLK vs. IYW
Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. VYMDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOO

Return for Risk

XLK vs. DVY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLK
XLK Risk / Return Rank: 7676
Overall Rank
XLK Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 7676
Sortino Ratio Rank
XLK Omega Ratio Rank: 7878
Omega Ratio Rank
XLK Calmar Ratio Rank: 7575
Calmar Ratio Rank
XLK Martin Ratio Rank: 6868
Martin Ratio Rank
DVY
DVY Risk / Return Rank: 7878
Overall Rank
DVY Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 8282
Sortino Ratio Rank
DVY Omega Ratio Rank: 7474
Omega Ratio Rank
DVY Calmar Ratio Rank: 7878
Calmar Ratio Rank
DVY Martin Ratio Rank: 7676
Martin Ratio Rank
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. DVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and iShares Select Dividend ETF (DVY). 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.

XLKDVYDifference
Sharpe ratioReturn per unit of total volatility
2.37
2.19

+0.19

Sortino ratioReturn per unit of downside risk
2.92
3.19

-0.27

Omega ratioGain probability vs. loss probability

1.39

1.37

+0.02

Calmar ratioReturn relative to maximum drawdown

3.36

3.54

-0.18

Martin ratioReturn relative to average drawdown

10.85

12.51

-1.66

XLK vs. DVY - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 2.37, which is comparable to the DVY Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XLK and DVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XLK vs. DVY - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than DVY's maximum drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for XLK and DVY.

Loading charts...

Drawdown Indicators

XLKDVYDifference

Max Drawdown

Largest peak-to-trough decline

-82.05%

-62.59%

-19.46%

Max Drawdown (1Y)

Largest decline over 1 year

-15.92%

-6.89%

-9.03%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-16.00%

-9.66%

Max Drawdown (5Y)

Largest decline over 5 years

-33.56%

-17.54%

-16.02%

Max Drawdown (10Y)

Largest decline over 10 years

-33.56%

-41.59%

+8.03%

Current Drawdown

Current decline from peak

-6.77%

0.00%

-6.77%

Average Drawdown

Average peak-to-trough decline

-34.93%

-8.78%

-26.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

1.95%

+2.97%

Volatility

XLK vs. DVY - Volatility Comparison

State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to iShares Select Dividend ETF (DVY) at 2.94%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XLKDVYDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.86%

2.94%

+7.92%

Volatility (6M)

Calculated over the trailing 6-month period

18.92%

7.54%

+11.38%

Volatility (1Y)

Calculated over the trailing 1-year period

22.55%

11.16%

+11.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.18%

15.22%

+9.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.64%

18.01%

+6.63%

XLK vs. DVY - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than DVY's 0.39% expense ratio.

Dividends

XLK vs. DVY - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.41%, less than DVY's 3.30% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.30%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
XLK
State Street Technology Select Sector SPDR ETF		0.41%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 DVY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XLK has higher volatility (10.86%) compared to DVY (2.94%). In terms of maximum drawdown, XLK dropped -82.05% vs DVY's -62.59%.

On 10-year performance, XLK leads with 25.19% vs 10.49% for DVY. On fees, XLK is cheaper at 0.08% per year. On volatility, DVY has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XLK has performed better with a 25.19% return vs 10.49%. 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 0.39% for DVY.

DVY has the higher dividend yield at 3.30%, compared with 0.41% for XLK.

XLK is categorized as Technology Equities, while DVY is Large Cap Value Equities. XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while DVY tracks Dow Jones U.S. Select Dividend Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLK and 0.39% for DVY.

XLK currently has the higher Sharpe Ratio (2.37 vs 2.19), 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.

Portfolio Optimizer

Find the right allocation for XLK and DVY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer