XLK vs. IYW
Compare and contrast key facts about Technology Select Sector SPDR Fund (XLK) and iShares U.S. Technology ETF (IYW).
XLK and IYW 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both XLK and IYW 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 IYW.
Correlation
The correlation between XLK and IYW is 0.96, 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.
Performance
XLK vs. IYW - Performance Comparison
Key characteristics
XLK:
0.10
IYW:
0.31
XLK:
0.29
IYW:
0.56
XLK:
1.04
IYW:
1.07
XLK:
0.14
IYW:
0.46
XLK:
0.41
IYW:
1.26
XLK:
5.89%
IYW:
5.82%
XLK:
24.09%
IYW:
23.73%
XLK:
-82.05%
IYW:
-81.89%
XLK:
-11.70%
IYW:
-12.25%
Returns By Period
The year-to-date returns for both stocks are quite close, with XLK having a -8.03% return and IYW slightly lower at -8.25%. Both investments have delivered pretty close results over the past 10 years, with XLK having a 19.33% annualized return and IYW not far ahead at 19.66%.
XLK
-8.03%
-7.63%
-4.48%
3.52%
23.25%
19.33%
IYW
-8.25%
-8.03%
-2.86%
8.43%
24.67%
19.66%
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XLK vs. IYW - Expense Ratio Comparison
XLK has a 0.13% expense ratio, which is lower than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
XLK vs. IYW — Risk-Adjusted Performance Rank
XLK
IYW
XLK vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.73%, more than IYW's 0.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLK Technology Select Sector SPDR Fund | 0.73% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
IYW iShares U.S. Technology ETF | 0.22% | 0.21% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% |
Drawdowns
XLK vs. IYW - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, roughly equal to the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for XLK and IYW. For additional features, visit the drawdowns tool.
Volatility
XLK vs. IYW - Volatility Comparison
The current volatility for Technology Select Sector SPDR Fund (XLK) is 9.38%, while iShares U.S. Technology ETF (IYW) has a volatility of 9.89%. This indicates that XLK experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.