XLKI vs. QQQ

Last updated Jun 5, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. XLKI is actively managed, while QQQ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. XLKI charges 0.35%/yr vs 0.18%/yr for QQQ.

Performance

XLKI vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 QQQ's 20.71% return.

XLKI

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

QQQ

• 1D: -0.48%
• 1M: 8.66%
• YTD: 20.71%
• 6M: 19.19%
• 1Y: 40.74%
• 3Y*: 28.54%
• 5Y*: 17.86%
• 10Y*: 21.84%

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

XLKI vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	17.05%	10.07%
QQQ Invesco QQQ ETF	20.71%	8.41%

Correlation

The correlation between XLKI and QQQ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025	0.92

XLKI vs. QQQ - Sectors Allocation Comparison

Sectors	XLKI	QQQ
Financial Services	106.8%	0.2%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Cyclical	-	12.3%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

XLKI vs. QQQ — Risk / Return Rank

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

QQQ

QQQ Risk / Return Rank: 74
QQQ Sharpe Ratio Rank: 80
QQQ Sortino Ratio Rank: 76
QQQ Omega Ratio Rank: 75
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

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. QQQ - 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 Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.57	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.16	0.41	+1.75

Drawdowns

XLKI vs. QQQ - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for XLKI and QQQ.

Drawdown Indicators

	XLKI	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-10.24%	-82.97%	+72.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.96%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-1.35%	-0.74%	-0.61%
Average Drawdown Average peak-to-trough decline	-1.61%	-32.78%	+31.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	XLKI	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.23%	15.94%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	22.37%	-6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	22.29%	-6.06%

XLKI vs. QQQ - Expense Ratio Comparison

XLKI has a 0.35% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

XLKI vs. QQQ - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 14.29%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XLKI and QQQ in my portfolio?

With a correlation of 0.92, XLKI and QQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XLKI or QQQ?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLKI or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.35% for XLKI.

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

XLKI has the higher dividend yield at 14.29%, compared with 0.38% for QQQ.

What is the main difference between XLKI and QQQ?

XLKI is categorized as Technology Equities, while QQQ is Nasdaq-100. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XLKI and 0.18% for QQQ.