XLK vs. MAGS

Last updated Jun 14, 2026

XLK (State Street Technology Select Sector SPDR ETF) and MAGS (Roundhill Magnificent Seven ETF) are both Technology Equities funds. XLK is passively managed, while MAGS is actively managed. Over the past 3 years, XLK returned 30.28%/yr vs 31.29%/yr for MAGS. Their correlation of 0.81 suggests significant overlap in exposure. XLK charges 0.08%/yr vs 0.29%/yr for MAGS.

Performance

XLK vs. MAGS - Performance Comparison

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

Returns By Period

In the year-to-date period, XLK achieves a 28.52% return, which is significantly higher than MAGS's -1.59% return.

XLK

• 1D: 0.87%
• 1M: 4.85%
• YTD: 28.52%
• 6M: 28.96%
• 1Y: 55.42%
• 3Y*: 30.28%
• 5Y*: 22.02%
• 10Y*: 25.19%

MAGS

• 1D: 0.00%
• 1M: -7.06%
• YTD: -1.59%
• 6M: -0.43%
• 1Y: 23.92%
• 3Y*: 31.29%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLK vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLK State Street Technology Select Sector SPDR ETF	28.52%	24.61%	21.63%	30.02%
MAGS Roundhill Magnificent Seven ETF	-1.59%	22.99%	63.97%	35.74%

Correlation

The correlation between XLK and MAGS is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.81

The correlation between XLK and MAGS has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

XLK vs. MAGS - Sectors Allocation Comparison

Sectors	XLK	MAGS
Technology	99.7%	10.9%
Energy	0.2%	-
Industrials	0.1%	-
Basic Materials	-	-
Communication Services	-	5.9%
Consumer Cyclical	-	6.9%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

XLK vs. MAGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLK

XLK Risk / Return Rank: 76
XLK Sharpe Ratio Rank: 85
XLK Sortino Ratio Rank: 76
XLK Omega Ratio Rank: 78
XLK Calmar Ratio Rank: 75
XLK Martin Ratio Rank: 68

MAGS

MAGS Risk / Return Rank: 33
MAGS Sharpe Ratio Rank: 36
MAGS Sortino Ratio Rank: 34
MAGS Omega Ratio Rank: 34
MAGS Calmar Ratio Rank: 29
MAGS Martin Ratio Rank: 32

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. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Roundhill Magnificent Seven ETF (MAGS). 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	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.14	+1.23
Sortino ratio: Return per unit of downside risk	2.92	1.62	+1.29
Omega ratio: Gain probability vs. loss probability	1.39	1.20	+0.19
Calmar ratio: Return relative to maximum drawdown	3.36	1.25	+2.11
Martin ratio: Return relative to average drawdown	10.85	4.21	+6.65

XLK vs. MAGS - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 2.37, which is higher than the MAGS Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of XLK and MAGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XLK vs. MAGS - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for XLK and MAGS.

Drawdown Indicators

	XLK	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-82.05%	-29.91%	-52.14%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-18.62%	+2.70%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	-29.91%	+4.25%
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	-6.77%	-8.50%	+1.73%
Average Drawdown Average peak-to-trough decline	-34.93%	-4.72%	-30.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	5.50%	-0.58%

Volatility

XLK vs. MAGS - Volatility Comparison

State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to Roundhill Magnificent Seven ETF (MAGS) at 5.86%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than MAGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLK	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	5.86%	+5.00%
Volatility (6M) Calculated over the trailing 6-month period	18.92%	15.07%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	22.55%	20.30%	+2.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	25.97%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	25.97%	-1.33%

XLK vs. MAGS - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than MAGS's 0.29% expense ratio.

Dividends

XLK vs. MAGS - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.41%, less than MAGS's 1.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAGS Roundhill Magnificent Seven ETF	1.50%	1.48%	0.81%	0.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.41%	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

Can I hold both XLK and MAGS in my portfolio?

XLK and MAGS have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLK or MAGS?

XLK has higher volatility (10.86%) compared to MAGS (5.86%). In terms of maximum drawdown, XLK dropped -82.05% vs MAGS's -29.91%.

Which ETF is better, XLK or MAGS?

On 3-year performance, MAGS leads with 31.29% vs 30.28% for XLK. On fees, XLK is cheaper at 0.08% per year. On volatility, MAGS has been the lower-risk option at 5.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLK or MAGS?

Over the 3-year period, MAGS has performed better with a 31.29% return vs 30.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLK or MAGS?

XLK is cheaper with a 0.08% expense ratio, compared with 0.29% for MAGS.

Which ETF pays a higher dividend yield, XLK or MAGS?

MAGS has the higher dividend yield at 1.50%, compared with 0.41% for XLK.

What is the main difference between XLK and MAGS?

They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.08% for XLK and 0.29% for MAGS.

Which has better risk-adjusted returns?

XLK currently has the higher Sharpe Ratio (2.37 vs 1.14), 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.