XSW vs. TRUT

Last updated Jun 4, 2026

XSW (SPDR S&P Software & Services ETF) and TRUT (Vaneck Technology Trusector ETF) are both Technology Equities funds. XSW is passively managed, while TRUT is actively managed. At a 0.49 correlation, their price movements are largely independent. XSW charges 0.35%/yr vs 0.13%/yr for TRUT.

Performance

XSW vs. TRUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Software & Services ETF (XSW) and Vaneck Technology Trusector ETF (TRUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSW achieves a -6.38% return, which is significantly lower than TRUT's 25.30% return.

XSW

• 1D: -4.18%
• 1M: 9.35%
• YTD: -6.38%
• 6M: -7.49%
• 1Y: -4.24%
• 3Y*: 11.02%
• 5Y*: 1.69%
• 10Y*: 13.33%

TRUT

• 1D: -1.46%
• 1M: 16.68%
• YTD: 25.30%
• 6M: 24.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XSW vs. TRUT - Yearly Performance Comparison

	2026 (YTD)	2025
XSW SPDR S&P Software & Services ETF	-6.38%	2.77%
TRUT Vaneck Technology Trusector ETF	25.30%	10.16%

Correlation

The correlation between XSW and TRUT is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.49

Return for Risk

XSW vs. TRUT — Risk / Return Rank

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

XSW

XSW Risk / Return Rank: 7
XSW Sharpe Ratio Rank: 7
XSW Sortino Ratio Rank: 7
XSW Omega Ratio Rank: 7
XSW Calmar Ratio Rank: 7
XSW Martin Ratio Rank: 7

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.

XSW vs. TRUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Software & Services ETF (XSW) and Vaneck Technology Trusector ETF (TRUT). 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.

	XSW	TRUT	Difference
Sharpe ratio Return per unit of total volatility	-0.15	—	—
Sortino ratio Return per unit of downside risk	-0.01	—	—
Omega ratio Gain probability vs. loss probability	1.00	—	—
Calmar ratio Return relative to maximum drawdown	-0.13	—	—
Martin ratio Return relative to average drawdown	-0.27	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	XSW	TRUT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	2.39	-1.76

Drawdowns

XSW vs. TRUT - Drawdown Comparison

The maximum XSW drawdown since its inception was -45.38%, which is greater than TRUT's maximum drawdown of -18.55%. Use the drawdown chart below to compare losses from any high point for XSW and TRUT.

Drawdown Indicators

	XSW	TRUT	Difference
Max Drawdown Largest peak-to-trough decline	-45.38%	-18.55%	-26.83%
Max Drawdown (1Y) Largest decline over 1 year	-33.75%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.38%	—	—
Current Drawdown Current decline from peak	-14.64%	-1.46%	-13.18%
Average Drawdown Average peak-to-trough decline	-9.83%	-5.17%	-4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	—	—

Volatility

Volatility by Period

	XSW	TRUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.63%	21.53%	+7.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.79%	21.53%	+7.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.25%	21.53%	+4.72%

XSW vs. TRUT - Expense Ratio Comparison

XSW has a 0.35% expense ratio, which is higher than TRUT's 0.13% expense ratio.

Dividends

XSW vs. TRUT - Dividend Comparison

XSW's dividend yield for the trailing twelve months is around 0.04%, less than TRUT's 0.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRUT Vaneck Technology Trusector ETF	0.19%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSW SPDR S&P Software & Services ETF	0.04%	0.06%	0.07%	0.20%	0.09%	0.13%	0.26%	0.12%	0.31%	0.46%	0.87%	0.54%

Frequently Asked Questions

Can I hold both XSW and TRUT in my portfolio?

XSW and TRUT have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XSW or TRUT?

On fees, TRUT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSW or TRUT?

TRUT is cheaper with a 0.13% expense ratio, compared with 0.35% for XSW.

Which ETF pays a higher dividend yield, XSW or TRUT?

TRUT has the higher dividend yield at 0.19%, compared with 0.04% for XSW.

What is the main difference between XSW and TRUT?

They also come from different issuers: State Street and VanEck. Their fees differ too: 0.35% for XSW and 0.13% for TRUT.