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XLKI vs. TPYP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLKI vs. TPYP

Last updated Jun 24, 2026

XLKI (State Street Technology Select Sector SPDR Premium Income ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - XLKI is a Technology Equities fund actively managed by State Street, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. XLKI is actively managed, while TPYP is passively managed. At a correlation of -0.10, they often move in opposite directions. XLKI charges 0.35%/yr vs 0.40%/yr for TPYP.

Performance

XLKI vs. TPYP - 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 Tortoise North American Pipeline Fund (TPYP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XLKI achieves a 13.50% return, which is significantly lower than TPYP's 21.62% return.

XLKI

1D
-2.85%
1M
-1.72%
YTD
13.50%
6M
13.18%
1Y
—
3Y*
—
5Y*
—
10Y*
—

TPYP

1D
1.30%
1M
-3.57%
YTD
21.62%
6M
21.85%
1Y
24.89%
3Y*
26.20%
5Y*
18.21%
10Y*
11.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLKI vs. TPYP - Yearly Performance Comparison

2026 (YTD)2025
XLKI
State Street Technology Select Sector SPDR Premium Income ETF		13.50%10.02%
TPYP
Tortoise North American Pipeline Fund		21.62%1.92%

Correlation

The correlation between XLKI and TPYP is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jul 30, 2025

-0.10

XLKI vs. TPYP - Sectors Allocation Comparison

Sectors
XLKI
TPYP

Financial Services

106.8%
2.4%

Technology

99.0%

-

Communication Services

1.0%

-

Basic Materials

-

0.1%

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

68.8%

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

22.0%

Financial Services

XLKI
106.8%
TPYP
2.4%

Technology

XLKI
99.0%
TPYP

-

Communication Services

XLKI
1.0%
TPYP

-

Basic Materials

XLKI

-

TPYP
0.1%

Consumer Cyclical

XLKI

-

TPYP

-

Consumer Defensive

XLKI

-

TPYP

-

Energy

XLKI

-

TPYP
68.8%

Healthcare

XLKI

-

TPYP

-

Industrials

XLKI

-

TPYP

-

Real Estate

XLKI

-

TPYP

-

Utilities

XLKI

-

TPYP
22.0%

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 Premium Income ETF

Tortoise North American Pipeline Fund

Often compared with XLKI:
XLKI vs. XLKXLKI vs. RSPTXLKI vs. KQQQXLKI vs. QQQXLKI vs. ASMHXLKI vs. ARMHXLKI vs. MAGS
Often compared with TPYP:
TPYP vs. AMLPTPYP vs. ENFRTPYP vs. MLPXTPYP vs. UMITPYP vs. KYNTPYP vs. TORIXTPYP vs. VOO

Return for Risk

XLKI vs. TPYP — Risk / Return Rank

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

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

TPYP
TPYP Risk / Return Rank: 6060
Overall Rank
TPYP Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
TPYP Sortino Ratio Rank: 5959
Sortino Ratio Rank
TPYP Omega Ratio Rank: 5454
Omega Ratio Rank
TPYP Calmar Ratio Rank: 7575
Calmar Ratio Rank
TPYP Martin Ratio Rank: 5555
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.

XLKI vs. TPYP - 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 Tortoise North American Pipeline Fund (TPYP). 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.

XLKITPYPDifference
Sharpe ratioReturn per unit of total volatility

—

1.88

—

Sortino ratioReturn per unit of downside risk

—

2.61

—

Omega ratioGain probability vs. loss probability

—

1.32

—

Calmar ratioReturn relative to maximum drawdown

—

3.66

—

Martin ratioReturn relative to average drawdown

—

9.01

—

XLKI vs. TPYP - Sharpe Ratio Comparison

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Drawdowns

XLKI vs. TPYP - Drawdown Comparison

The maximum XLKI drawdown since its inception was -10.24%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for XLKI and TPYP.

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Drawdown Indicators

XLKITPYPDifference

Max Drawdown

Largest peak-to-trough decline

-10.24%

-51.91%

+41.67%

Max Drawdown (1Y)

Largest decline over 1 year

—

-6.84%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.17%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-51.91%

—

Current Drawdown

Current decline from peak

-4.34%

-4.04%

-0.30%

Average Drawdown

Average peak-to-trough decline

-1.76%

-7.88%

+6.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.77%

—

Volatility

XLKI vs. TPYP - Volatility Comparison

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Volatility by Period

XLKITPYPDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.29%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

10.38%

—

Volatility (1Y)

Calculated over the trailing 1-year period

18.48%

13.33%

+5.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.48%

17.40%

+1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.48%

21.93%

-3.45%

XLKI vs. TPYP - Expense Ratio Comparison

XLKI has a 0.35% expense ratio, which is lower than TPYP's 0.40% expense ratio.

Dividends

XLKI vs. TPYP - Dividend Comparison

XLKI's dividend yield for the trailing twelve months is around 14.74%, more than TPYP's 3.21% yield.

PositionTTM20252024202320222021202020192018201720162015
TPYP
Tortoise North American Pipeline Fund		3.21%3.91%3.95%4.83%4.48%4.86%6.14%4.45%4.58%3.71%3.49%2.56%
XLKI
State Street Technology Select Sector SPDR Premium Income ETF		14.74%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

XLKI and TPYP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

XLKI is cheaper with a 0.35% expense ratio, compared with 0.40% for TPYP.

XLKI has the higher dividend yield at 14.74%, compared with 3.21% for TPYP.

XLKI is categorized as Technology Equities, while TPYP is Energy Equities. They also come from different issuers: State Street and Tortoise. Their fees differ too: 0.35% for XLKI and 0.40% for TPYP.

Portfolio Optimizer

Find the right allocation for XLKI and TPYP

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