XLK vs. METL
XLK (State Street Technology Select Sector SPDR ETF) and METL (Sprott Active Metals & Miners 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 METL is a Commodity Producers Equities fund actively managed by Sprott. XLK is passively managed, while METL is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. XLK charges 0.08%/yr vs 0.89%/yr for METL.
Performance
XLK vs. METL - Performance Comparison
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Returns By Period
In the year-to-date period, XLK achieves a 28.09% return, which is significantly higher than METL's 7.51% return.
XLK
- 1D
- 2.15%
- 1M
- 4.93%
- YTD
- 28.09%
- 6M
- 25.10%
- 1Y
- 55.42%
- 3Y*
- 31.33%
- 5Y*
- 22.26%
- 10Y*
- 25.04%
METL
- 1D
- 0.05%
- 1M
- -9.97%
- YTD
- 7.51%
- 6M
- 15.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLK vs. METL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.09% | 6.88% |
METL Sprott Active Metals & Miners ETF | 7.51% | 27.04% |
Correlation
The correlation between XLK and METL is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.57 |
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Return for Risk
XLK vs. METL — Risk / Return Rank
XLK
METL
XLK vs. METL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Sprott Active Metals & Miners ETF (METL). 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.
| XLK | METL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | — | — |
| Martin ratioReturn relative to average drawdown | 11.58 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLK | METL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.18 | -0.77 |
Drawdowns
XLK vs. METL - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than METL's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for XLK and METL.
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Drawdown Indicators
| XLK | METL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -27.39% | -54.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | — | — |
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 | -7.08% | -18.48% | +11.40% |
Average DrawdownAverage peak-to-trough decline | -34.95% | -8.24% | -26.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.80% | — | — |
Volatility
XLK vs. METL - Volatility Comparison
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Volatility by Period
| XLK | METL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 44.85% | -22.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.10% | 44.85% | -19.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.60% | 44.85% | -20.25% |
XLK vs. METL - Expense Ratio Comparison
XLK has a 0.08% expense ratio, which is lower than METL's 0.89% expense ratio.
Dividends
XLK vs. METL - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, less than METL's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METL Sprott Active Metals & Miners ETF | 0.92% | 0.99% | 0.00% | 0.00% | 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
XLK and METL have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.89% for METL.
METL has the higher dividend yield at 0.92%, compared with 0.41% for XLK.
XLK is categorized as Technology Equities, while METL is Commodity Producers Equities. They also come from different issuers: State Street and Sprott. Their fees differ too: 0.08% for XLK and 0.89% for METL.
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