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

XLK vs. XEI.TO

Last updated Jun 14, 2026

XLK (State Street Technology Select Sector SPDR ETF) and XEI.TO (iShares S&P/TSX Composite High Dividend 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 XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index. Both are passively managed. Over the past 10 years, XLK returned 25.19%/yr vs 11.14%/yr for XEI.TO. At a 0.36 correlation, their price movements are largely independent. XLK charges 0.08%/yr vs 0.22%/yr for XEI.TO.

Performance

XLK vs. XEI.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 Composite High Dividend Index ETF (XEI.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 XEI.TO is traded in CAD. To make them comparable, the XEI.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 higher than XEI.TO's 21.85% return. Over the past 10 years, XLK has outperformed XEI.TO with an annualized return of 25.19%, while XEI.TO has yielded a comparatively lower 11.14% annualized 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%

XEI.TO

1D
0.40%
1M
1.93%
YTD
21.85%
6M
18.53%
1Y
35.12%
3Y*
19.60%
5Y*
11.47%
10Y*
11.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLK vs. XEI.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%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		21.85%26.64%6.27%9.19%-5.65%35.83%-5.35%30.68%-17.85%14.92%

Correlation

The correlation between XLK and XEI.TO is 0.09, 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

0.09

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

0.25

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

0.32

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

0.33

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2011

0.36

Over the past year, the correlation between XLK and XEI.TO has dropped to 0.09 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

XLK vs. XEI.TO - Sectors Allocation Comparison

Sectors
XLK
XEI.TO

Technology

99.7%
0.7%

Energy

0.2%
32.1%

Industrials

0.1%
0.7%

Basic Materials

-

4.6%

Communication Services

-

7.6%

Consumer Cyclical

-

6.2%

Consumer Defensive

-

0.5%

Financial Services

-

31.4%

Healthcare

-

0.2%

Real Estate

-

4.8%

Utilities

-

11.2%

Technology

XLK
99.7%
XEI.TO
0.7%

Energy

XLK
0.2%
XEI.TO
32.1%

Industrials

XLK
0.1%
XEI.TO
0.7%

Basic Materials

XLK

-

XEI.TO
4.6%

Communication Services

XLK

-

XEI.TO
7.6%

Consumer Cyclical

XLK

-

XEI.TO
6.2%

Consumer Defensive

XLK

-

XEI.TO
0.5%

Financial Services

XLK

-

XEI.TO
31.4%

Healthcare

XLK

-

XEI.TO
0.2%

Real Estate

XLK

-

XEI.TO
4.8%

Utilities

XLK

-

XEI.TO
11.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Technology Select Sector SPDR ETF

iShares S&P/TSX Composite High Dividend Index ETF

Often compared with XLK:
XLK vs. QQQXLK vs. VGTXLK vs. SMHXLK vs. SPYXLK vs. FTECXLK vs. XLEXLK vs. IYW
Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO

Return for Risk

XLK vs. XEI.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
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9797
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. XEI.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 Composite High Dividend Index ETF (XEI.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.

XLKXEI.TODifference
Sharpe ratioReturn per unit of total volatility
2.37
4.10

-1.72

Sortino ratioReturn per unit of downside risk
2.92
5.62

-2.70

Omega ratioGain probability vs. loss probability

1.39

1.76

-0.36

Calmar ratioReturn relative to maximum drawdown

3.36

7.94

-4.58

Martin ratioReturn relative to average drawdown

10.85

31.62

-20.76

XLK vs. XEI.TO - Sharpe Ratio Comparison

The current XLK Sharpe Ratio is 2.37, which is lower than the XEI.TO Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of XLK and XEI.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. XEI.TO - Drawdown Comparison

The maximum XLK drawdown since its inception was -82.05%, which is greater than XEI.TO's maximum drawdown of -50.19%. Use the drawdown chart below to compare losses from any high point for XLK and XEI.TO.

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Drawdown Indicators

XLKXEI.TODifference

Max Drawdown

Largest peak-to-trough decline

-82.05%

-50.19%

-31.86%

Max Drawdown (1Y)

Largest decline over 1 year

-15.92%

-4.57%

-11.35%

Max Drawdown (3Y)

Largest decline over 3 years

-25.66%

-13.22%

-12.44%

Max Drawdown (5Y)

Largest decline over 5 years

-33.56%

-24.53%

-9.03%

Max Drawdown (10Y)

Largest decline over 10 years

-33.56%

-50.19%

+16.63%

Current Drawdown

Current decline from peak

-6.77%

-0.48%

-6.29%

Average Drawdown

Average peak-to-trough decline

-34.93%

-9.92%

-25.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

1.14%

+3.78%

Volatility

XLK vs. XEI.TO - Volatility Comparison

State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) at 2.57%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than XEI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XLKXEI.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.86%

2.57%

+8.29%

Volatility (6M)

Calculated over the trailing 6-month period

18.92%

7.17%

+11.75%

Volatility (1Y)

Calculated over the trailing 1-year period

22.55%

8.85%

+13.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.18%

13.23%

+11.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.64%

17.53%

+7.11%

XLK vs. XEI.TO - Expense Ratio Comparison

XLK has a 0.08% expense ratio, which is lower than XEI.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XLK vs. XEI.TO - Dividend Comparison

XLK's dividend yield for the trailing twelve months is around 0.41%, less than XEI.TO's 3.53% yield.

PositionTTM20252024202320222021202020192018201720162015
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.53%4.47%5.45%4.97%4.68%3.58%5.03%4.62%5.42%4.29%4.41%5.64%
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 XEI.TO have a correlation of 0.09, 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 0.22% for XEI.TO.

XLK is categorized as Technology Equities, while XEI.TO is Canada Equities. XLK tracks S&P Technology Select Sector Daily Capped 35/20 Index, while XEI.TO tracks S&P/TSX Composite High Dividend Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLK and 0.22% for XEI.TO.

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