XLKI vs. ERX

Last updated Jun 5, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and ERX (Direxion Daily Energy Bull 2X Shares) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while ERX is a Leveraged Equities fund tracking the Energy Select Sector Index (300%). XLKI is actively managed, while ERX is passively managed. At a correlation of -0.07, they often move in opposite directions. XLKI charges 0.35%/yr vs 1.09%/yr for ERX.

Performance

XLKI vs. ERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and Direxion Daily Energy Bull 2X Shares (ERX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLKI achieves a 17.05% return, which is significantly lower than ERX's 66.84% return.

XLKI

• 1D: -0.75%
• 1M: 6.20%
• YTD: 17.05%
• 6M: 16.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ERX

• 1D: -0.05%
• 1M: -3.57%
• YTD: 66.84%
• 6M: 58.30%
• 1Y: 98.14%
• 3Y*: 24.19%
• 5Y*: 28.74%
• 10Y*: -9.37%

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

XLKI vs. ERX - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.05%	10.07%
ERX Direxion Daily Energy Bull 2X Shares	66.84%	3.68%

Correlation

The correlation between XLKI and ERX is -0.07, 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 (All Time) Calculated using the full available price history since Jul 31, 2025	-0.07

XLKI vs. ERX - Sectors Allocation Comparison

Sectors	XLKI	ERX
Financial Services	106.8%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XLKI vs. ERX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ERX

ERX Risk / Return Rank: 68
ERX Sharpe Ratio Rank: 76
ERX Sortino Ratio Rank: 60
ERX Omega Ratio Rank: 58
ERX Calmar Ratio Rank: 82
ERX Martin Ratio Rank: 64

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.

XLKI vs. ERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR Premium Income ETF (XLKI) and Direxion Daily Energy Bull 2X Shares (ERX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XLKI	ERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.16	-0.09	+2.25

Drawdowns

XLKI vs. ERX - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for XLKI and ERX.

Drawdown Indicators

	XLKI	ERX	Difference
Max Drawdown Largest peak-to-trough decline	-10.24%	-99.54%	+89.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-23.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.59%	—
Current Drawdown Current decline from peak	-1.35%	-91.58%	+90.23%
Average Drawdown Average peak-to-trough decline	-1.61%	-67.03%	+65.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.60%	—

Volatility

Volatility by Period

	XLKI	ERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.23%	41.08%	-24.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	51.98%	-35.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	69.16%	-52.93%

XLKI vs. ERX - Expense Ratio Comparison

XLKI has a 0.35% expense ratio, which is lower than ERX's 1.09% expense ratio.

Dividends

XLKI vs. ERX - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 14.29%, more than ERX's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ERX Direxion Daily Energy Bull 2X Shares	1.61%	2.54%	2.94%	3.17%	2.23%	2.16%	2.35%	1.56%	3.10%	0.85%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	14.29%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLKI and ERX in my portfolio?

XLKI and ERX have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLKI or ERX?

On fees, XLKI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLKI or ERX?

XLKI is cheaper with a 0.35% expense ratio, compared with 1.09% for ERX.

Which ETF pays a higher dividend yield, XLKI or ERX?

XLKI has the higher dividend yield at 14.29%, compared with 1.61% for ERX.

What is the main difference between XLKI and ERX?

XLKI is categorized as Technology Equities, while ERX is Leveraged Equities. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.35% for XLKI and 1.09% for ERX.