XLK vs. UMI

Last updated Jun 14, 2026

XLK (State Street Technology Select Sector SPDR ETF) and UMI (USCF Midstream Energy Income Fund 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 UMI is a Energy Equities fund actively managed by Wainwright, Inc.. XLK is passively managed, while UMI is actively managed. Over the past 5 years, XLK returned 22.02%/yr vs 19.88%/yr for UMI. At a 0.29 correlation, their price movements are largely independent. XLK charges 0.08%/yr vs 0.85%/yr for UMI.

Performance

XLK vs. UMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) and USCF Midstream Energy Income Fund ETF (UMI). 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 UMI's 24.00% 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%

UMI

• 1D: 0.77%
• 1M: -1.25%
• YTD: 24.00%
• 6M: 23.82%
• 1Y: 25.24%
• 3Y*: 27.76%
• 5Y*: 19.88%
• 10Y*: —

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

XLK vs. UMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	1.44%
UMI USCF Midstream Energy Income Fund ETF	24.00%	5.11%	42.97%	14.60%	20.78%	20.97%	-8.25%	21.06%	-10.64%	2.76%

Correlation

The correlation between XLK and UMI is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 30, 2017	0.29

The correlation between XLK and UMI shifts across timeframes, from -0.11 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

XLK vs. UMI - Sectors Allocation Comparison

Sectors	XLK	UMI
Technology	99.7%	-
Energy	0.2%	99.0%
Industrials	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	1.0%

Return for Risk

XLK vs. UMI — 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

UMI

UMI Risk / Return Rank: 64
UMI Sharpe Ratio Rank: 64
UMI Sortino Ratio Rank: 63
UMI Omega Ratio Rank: 59
UMI Calmar Ratio Rank: 76
UMI Martin Ratio Rank: 59

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. UMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and USCF Midstream Energy Income Fund ETF (UMI). 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	UMI	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.83	+0.55
Sortino ratio: Return per unit of downside risk	2.92	2.53	+0.38
Omega ratio: Gain probability vs. loss probability	1.39	1.32	+0.08
Calmar ratio: Return relative to maximum drawdown	3.36	3.43	-0.07
Martin ratio: Return relative to average drawdown	10.85	9.22	+1.63

XLK vs. UMI - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 2.37, which is comparable to the UMI Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of XLK and UMI, 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. UMI - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than UMI's maximum drawdown of -48.08%. Use the drawdown chart below to compare losses from any high point for XLK and UMI.

Drawdown Indicators

	XLK	UMI	Difference
Max Drawdown Largest peak-to-trough decline	-82.05%	-48.08%	-33.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.92%	-7.50%	-8.42%
Max Drawdown (3Y) Largest decline over 3 years	-25.66%	-17.08%	-8.58%
Max Drawdown (5Y) Largest decline over 5 years	-33.56%	-20.05%	-13.51%
Max Drawdown (10Y) Largest decline over 10 years	-33.56%	—	—
Current Drawdown Current decline from peak	-6.77%	-3.61%	-3.16%
Average Drawdown Average peak-to-trough decline	-34.93%	-6.59%	-28.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	2.79%	+2.13%

Volatility

XLK vs. UMI - Volatility Comparison

State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to USCF Midstream Energy Income Fund ETF (UMI) at 5.61%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than UMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLK	UMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.86%	5.61%	+5.25%
Volatility (6M) Calculated over the trailing 6-month period	18.92%	11.01%	+7.91%
Volatility (1Y) Calculated over the trailing 1-year period	22.55%	14.09%	+8.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.18%	19.54%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.64%	23.17%	+1.47%

XLK vs. UMI - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than UMI's 0.85% expense ratio.

Dividends

XLK vs. UMI - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.41%, less than UMI's 5.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UMI USCF Midstream Energy Income Fund ETF	5.91%	6.23%	4.39%	4.67%	4.36%	3.00%	2.18%	2.47%	2.48%	0.15%	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 UMI in my portfolio?

XLK and UMI have a correlation of -0.11, 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 UMI?

XLK has higher volatility (10.86%) compared to UMI (5.61%). In terms of maximum drawdown, XLK dropped -82.05% vs UMI's -48.08%.

Which ETF is better, XLK or UMI?

On 5-year performance, XLK leads with 22.02% vs 19.88% for UMI. On fees, XLK is cheaper at 0.08% per year. On volatility, UMI has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLK or UMI?

Over the 5-year period, XLK has performed better with a 22.02% return vs 19.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLK or UMI?

XLK is cheaper with a 0.08% expense ratio, compared with 0.85% for UMI.

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

UMI has the higher dividend yield at 5.91%, compared with 0.41% for XLK.

What is the main difference between XLK and UMI?

XLK is categorized as Technology Equities, while UMI is Energy Equities. They also come from different issuers: State Street and Wainwright, Inc.. Their fees differ too: 0.08% for XLK and 0.85% for UMI.

Which has better risk-adjusted returns?

XLK currently has the higher Sharpe Ratio (2.37 vs 1.83), 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.