XLK vs. FTEC
Compare and contrast key facts about Technology Select Sector SPDR Fund (XLK) and Fidelity MSCI Information Technology Index ETF (FTEC).
XLK and FTEC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both XLK and FTEC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLK or FTEC.
Performance
XLK vs. FTEC - Performance Comparison
Returns By Period
In the year-to-date period, XLK achieves a 20.71% return, which is significantly lower than FTEC's 27.41% return. Both investments have delivered pretty close results over the past 10 years, with XLK having a 20.26% annualized return and FTEC not far ahead at 20.46%.
XLK
20.71%
-0.37%
7.81%
26.58%
22.92%
20.26%
FTEC
27.41%
1.00%
13.76%
34.77%
22.67%
20.46%
Key characteristics
| XLK | FTEC | |
|---|---|---|
| Sharpe Ratio | 1.18 | 1.59 |
| Sortino Ratio | 1.64 | 2.12 |
| Omega Ratio | 1.22 | 1.28 |
| Calmar Ratio | 1.51 | 2.20 |
| Martin Ratio | 5.19 | 7.91 |
| Ulcer Index | 4.92% | 4.25% |
| Daily Std Dev | 21.69% | 21.11% |
| Max Drawdown | -82.05% | -34.95% |
| Current Drawdown | -2.65% | -2.02% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XLK vs. FTEC - Expense Ratio Comparison
XLK has a 0.13% expense ratio, which is higher than FTEC's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between XLK and FTEC is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
XLK vs. FTEC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Dividends
XLK vs. FTEC - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.67%, more than FTEC's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.62% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
XLK vs. FTEC - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for XLK and FTEC. For additional features, visit the drawdowns tool.
Volatility
XLK vs. FTEC - Volatility Comparison
Technology Select Sector SPDR Fund (XLK) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 6.36% and 6.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.