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XLK vs. XEG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLK vs. XEG.TO

Last updated Jun 14, 2026

XLK (State Street Technology Select Sector SPDR ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index 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 XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, XLK returned 25.19%/yr vs 10.74%/yr for XEG.TO. At a 0.33 correlation, their price movements are largely independent. XLK charges 0.08%/yr vs 0.60%/yr for XEG.TO.

Performance

XLK vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR ETF (XLK) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XLK is traded in USD, while XEG.TO is traded in CAD. To make them comparable, the XEG.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLK achieves a 28.52% return, which is significantly lower than XEG.TO's 35.78% return. Over the past 10 years, XLK has outperformed XEG.TO with an annualized return of 25.19%, while XEG.TO has yielded a comparatively lower 10.74% annualized 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%

XEG.TO

1D
-0.60%
1M
-5.73%
YTD
35.78%
6M
35.60%
1Y
47.05%
3Y*
24.51%
5Y*
24.38%
10Y*
10.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLK vs. XEG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%34.26%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		35.78%22.31%5.14%6.07%44.12%83.80%-32.85%13.73%-32.71%-4.72%

Correlation

The correlation between XLK and XEG.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.33

The correlation between XLK and XEG.TO shifts across timeframes, from -0.04 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

XLK vs. XEG.TO - Sectors Allocation Comparison

Sectors
XLK
XEG.TO

Technology

99.7%

-

Energy

0.2%
100.0%

Industrials

0.1%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

XLK
99.7%
XEG.TO

-

Energy

XLK
0.2%
XEG.TO
100.0%

Industrials

XLK
0.1%
XEG.TO

-

Basic Materials

XLK

-

XEG.TO

-

Communication Services

XLK

-

XEG.TO

-

Consumer Cyclical

XLK

-

XEG.TO

-

Consumer Defensive

XLK

-

XEG.TO

-

Financial Services

XLK

-

XEG.TO

-

Healthcare

XLK

-

XEG.TO

-

Real Estate

XLK

-

XEG.TO

-

Utilities

XLK

-

XEG.TO

-

Compare stocks, funds, or ETFs

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State Street Technology Select Sector SPDR ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. XLEXLK vs. IYW
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. HXE.TOXEG.TO vs. ZEO.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TO

Return for Risk

XLK vs. XEG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLK
XLK Risk / Return Rank: 7676
Overall Rank
XLK Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
XLK Sortino Ratio Rank: 7676
Sortino Ratio Rank
XLK Omega Ratio Rank: 7878
Omega Ratio Rank
XLK Calmar Ratio Rank: 7575
Calmar Ratio Rank
XLK Martin Ratio Rank: 6868
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 8282
Overall Rank
XEG.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8383
Martin Ratio Rank
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. XEG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). 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.

XLKXEG.TODifference
Sharpe ratioReturn per unit of total volatility
2.37
2.20

+0.17

Sortino ratioReturn per unit of downside risk
2.92
2.72

+0.20

Omega ratioGain probability vs. loss probability

1.39

1.35

+0.04

Calmar ratioReturn relative to maximum drawdown

3.36

5.17

-1.81

Martin ratioReturn relative to average drawdown

10.85

12.56

-1.71

XLK vs. XEG.TO - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 2.37, which is comparable to the XEG.TO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of XLK and XEG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XLK vs. XEG.TO - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, smaller than the maximum XEG.TO drawdown of -91.23%. Use the drawdown chart below to compare losses from any high point for XLK and XEG.TO.

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Drawdown Indicators

XLKXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-82.05%

-91.23%

+9.18%

Max Drawdown (1Y)

Largest decline over 1 year

-15.92%

-10.20%

-5.72%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-29.14%

+3.48%

Max Drawdown (5Y)

Largest decline over 5 years

-33.56%

-33.93%

+0.37%

Max Drawdown (10Y)

Largest decline over 10 years

-33.56%

-81.25%

+47.69%

Current Drawdown

Current decline from peak

-6.77%

-9.41%

+2.64%

Average Drawdown

Average peak-to-trough decline

-34.93%

-43.49%

+8.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

4.19%

+0.73%

Volatility

XLK vs. XEG.TO - Volatility Comparison

State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to iShares S&P/TSX Capped Energy Index ETF (XEG.TO) at 8.99%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XLKXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.86%

8.99%

+1.87%

Volatility (6M)

Calculated over the trailing 6-month period

18.92%

19.69%

-0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

22.55%

23.91%

-1.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.18%

29.53%

-4.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.64%

34.27%

-9.63%

XLK vs. XEG.TO - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than XEG.TO's 0.60% expense ratio.

Dividends

XLK vs. XEG.TO - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.41%, less than XEG.TO's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.76%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%
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 XEG.TO have a correlation of -0.04, 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 0.60% for XEG.TO.

XLK is categorized as Technology Equities, while XEG.TO is Energy Equities. XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while XEG.TO tracks S&P/TSX Capped Energy Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLK and 0.60% for XEG.TO.

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