XT vs. XLK
Compare and contrast key facts about iShares Exponential Technologies ETF (XT) and Technology Select Sector SPDR Fund (XLK).
XT and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XT is a passively managed fund by iShares that tracks the performance of the Morningstar Exponential Technologies Index. It was launched on Mar 19, 2015. 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. Both XT and XLK 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: XT or XLK.
Performance
XT vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, XT achieves a -0.90% return, which is significantly lower than XLK's 19.44% return.
XT
-0.90%
-2.25%
0.22%
10.74%
8.38%
N/A
XLK
19.44%
-0.30%
8.36%
25.78%
22.44%
20.13%
Key characteristics
| XT | XLK | |
|---|---|---|
| Sharpe Ratio | 0.58 | 1.22 |
| Sortino Ratio | 0.90 | 1.68 |
| Omega Ratio | 1.11 | 1.23 |
| Calmar Ratio | 0.53 | 1.56 |
| Martin Ratio | 2.43 | 5.38 |
| Ulcer Index | 4.17% | 4.91% |
| Daily Std Dev | 17.42% | 21.72% |
| Max Drawdown | -34.41% | -82.05% |
| Current Drawdown | -10.42% | -3.67% |
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XT vs. XLK - Expense Ratio Comparison
XT has a 0.47% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between XT and XLK is 0.86, 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
XT vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Exponential Technologies ETF (XT) and Technology Select Sector SPDR Fund (XLK). 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
XT vs. XLK - Dividend Comparison
XT's dividend yield for the trailing twelve months is around 0.45%, less than XLK's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XT iShares Exponential Technologies ETF | 0.45% | 0.41% | 0.78% | 0.84% | 0.77% | 1.55% | 1.45% | 0.97% | 1.37% | 1.34% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
XT vs. XLK - Drawdown Comparison
The maximum XT drawdown since its inception was -34.41%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for XT and XLK. For additional features, visit the drawdowns tool.
Volatility
XT vs. XLK - Volatility Comparison
The current volatility for iShares Exponential Technologies ETF (XT) is 4.66%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.32%. This indicates that XT experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.