XLK vs. XLG
Compare and contrast key facts about Technology Select Sector SPDR Fund (XLK) and Invesco S&P 500® Top 50 ETF (XLG).
XLK and XLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. Both XLK and XLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLK or XLG.
Performance
XLK vs. XLG - Performance Comparison
Returns By Period
In the year-to-date period, XLK achieves a 22.00% return, which is significantly lower than XLG's 31.02% return. Over the past 10 years, XLK has outperformed XLG with an annualized return of 20.32%, while XLG has yielded a comparatively lower 14.89% annualized return.
XLK
22.00%
2.26%
8.94%
27.37%
23.15%
20.32%
XLG
31.02%
2.46%
13.28%
34.86%
18.35%
14.89%
Key characteristics
| XLK | XLG | |
|---|---|---|
| Sharpe Ratio | 1.26 | 2.37 |
| Sortino Ratio | 1.73 | 3.11 |
| Omega Ratio | 1.23 | 1.44 |
| Calmar Ratio | 1.61 | 3.08 |
| Martin Ratio | 5.56 | 12.76 |
| Ulcer Index | 4.92% | 2.73% |
| Daily Std Dev | 21.68% | 14.74% |
| Max Drawdown | -82.05% | -52.39% |
| Current Drawdown | -1.61% | -1.41% |
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XLK vs. XLG - Expense Ratio Comparison
XLK has a 0.13% expense ratio, which is lower than XLG's 0.20% 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%.
Correlation
The correlation between XLK and XLG is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
XLK vs. XLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and Invesco S&P 500® Top 50 ETF (XLG). 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.
Dividends
XLK vs. XLG - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.67%, less than XLG's 0.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
XLG Invesco S&P 500® Top 50 ETF | 0.73% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% | 1.97% | 1.97% |
Drawdowns
XLK vs. XLG - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than XLG's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for XLK and XLG. For additional features, visit the drawdowns tool.
Volatility
XLK vs. XLG - Volatility Comparison
Technology Select Sector SPDR Fund (XLK) has a higher volatility of 6.25% compared to Invesco S&P 500® Top 50 ETF (XLG) at 4.74%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.