YNOT vs. XLKI

Last updated Aug 4, 2026

YNOT (Horizon Digital Frontier ETF) and XLKI (State Street Technology Select Sector SPDR Premium Income ETF) are both Technology Equities funds. Both are actively managed. Over the past year, YNOT returned 23.78% vs 26.30% for XLKI. Their correlation of 0.90 means they have usually moved in the same direction. YNOT charges 0.75%/yr vs 0.35%/yr for XLKI.

Performance

YNOT vs. XLKI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Horizon Digital Frontier ETF (YNOT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with YNOT having a 12.66% return and XLKI slightly lower at 12.19%.

YNOT

• 1D: 2.33%
• 1M: -0.24%
• 6M: 8.03%
• YTD: 12.66%
• 1Y: 23.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.88%

XLKI

• 1D: 1.38%
• 1M: 0.31%
• 6M: 9.72%
• YTD: 12.19%
• 1Y: 26.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XLKI State Street Technology Select Sector SPDR Premium Income ETF	$526.89K	$421.64K	$346.32K
YNOT Horizon Digital Frontier ETF	$6.36M	$3.62M	$1.68M

YNOT vs. XLKI - Yearly Performance Comparison

	2026 (YTD)	2025
YNOT Horizon Digital Frontier ETF	12.66%	7.75%
XLKI State Street Technology Select Sector SPDR Premium Income ETF	12.19%	10.02%

Correlation

The correlation between YNOT and XLKI is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.90

The correlation between YNOT and XLKI has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

YNOT vs. XLKI - Sectors Allocation Comparison

Sectors	YNOT	XLKI
Technology	49.2%	99.2%
Industrials	17.4%	-
Communication Services	14.3%	0.8%
Consumer Cyclical	7.5%	-
Basic Materials	7.5%	-
Financial Services	1.8%	99.9%
Utilities	1.1%	-
Healthcare	0.6%	-
Energy	0.6%	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

YNOT vs. XLKI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

YNOT

YNOT Risk / Return Rank: 34
YNOT Sharpe Ratio Rank: 34
YNOT Sortino Ratio Rank: 34
YNOT Omega Ratio Rank: 32
YNOT Calmar Ratio Rank: 36
YNOT Martin Ratio Rank: 36

XLKI

XLKI Risk / Return Rank: 57
XLKI Sharpe Ratio Rank: 52
XLKI Sortino Ratio Rank: 50
XLKI Omega Ratio Rank: 53
XLKI Calmar Ratio Rank: 65
XLKI Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

YNOT vs. XLKI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Horizon Digital Frontier ETF (YNOT) and State Street Technology Select Sector SPDR Premium Income ETF (XLKI). 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.

	YNOT	XLKI	Difference
Sharpe ratio: Return per unit of total volatility	0.93	1.33	-0.40
Sortino ratio: Return per unit of downside risk	1.38	1.84	-0.47
Omega ratio: Gain probability vs. loss probability	1.17	1.25	-0.08
Calmar ratio: Return relative to maximum drawdown	1.39	2.36	-0.97
Martin ratio: Return relative to average drawdown	3.82	8.25	-4.43

YNOT vs. XLKI - Sharpe Ratio Comparison

The current YNOT Sharpe Ratio is 0.93, which is lower than the XLKI Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of YNOT and XLKI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YNOT vs. XLKI - Drawdown Comparison

The maximum YNOT drawdown since its inception was -17.25%, which is greater than XLKI's maximum drawdown of -11.21%. Use the drawdown chart below to compare losses from any high point for YNOT and XLKI.

Drawdown Indicators

	YNOT	XLKI	Difference
Max Drawdown Largest peak-to-trough decline	-17.25%	-11.21%	-6.04%
Max Drawdown (1Y) Largest decline over 1 year	-17.25%	-11.21%	-6.04%
Current Drawdown Current decline from peak	-9.12%	-5.44%	-3.68%
Average Drawdown Average peak-to-trough decline	-4.53%	-2.17%	-2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	3.20%	+3.04%

Volatility

YNOT vs. XLKI - Volatility Comparison

Horizon Digital Frontier ETF (YNOT) has a higher volatility of 9.51% compared to State Street Technology Select Sector SPDR Premium Income ETF (XLKI) at 8.46%. This indicates that YNOT's price experiences larger fluctuations and is considered to be riskier than XLKI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YNOT	XLKI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.51%	8.46%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	21.29%	17.52%	+3.77%
Volatility (1Y) Calculated over the trailing 1-year period	25.80%	19.95%	+5.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.25%	19.92%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	19.92%	+5.33%

YNOT vs. XLKI - Expense Ratio Comparison

YNOT has a 0.75% expense ratio, which is higher than XLKI's 0.35% expense ratio.

Dividends

YNOT vs. XLKI - Dividend Comparison

YNOT has not paid dividends to shareholders, while XLKI's dividend yield for the trailing twelve months is around 19.68%.

Position	TTM	2025
XLKI State Street Technology Select Sector SPDR Premium Income ETF	19.68%	8.52%
YNOT Horizon Digital Frontier ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both YNOT and XLKI in my portfolio?

With a correlation of 0.91, YNOT and XLKI 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 is riskier, YNOT or XLKI?

YNOT has higher volatility (9.51%) compared to XLKI (8.46%). In terms of maximum drawdown, YNOT dropped -17.25% vs XLKI's -11.21%.

Which ETF is better, YNOT or XLKI?

On 1-year performance, XLKI leads with 26.30% vs 23.78% for YNOT. On fees, XLKI is cheaper at 0.35% per year. On volatility, XLKI has been the lower-risk option at 8.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YNOT or XLKI?

Over the 1-year period, XLKI has performed better with a 26.30% return vs 23.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YNOT or XLKI?

XLKI is cheaper with a 0.35% expense ratio, compared with 0.75% for YNOT.

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

XLKI has the higher dividend yield at 19.68%, compared with 0.00% for YNOT.

What is the main difference between YNOT and XLKI?

They also come from different issuers: Horizon and State Street. Their fees differ too: 0.75% for YNOT and 0.35% for XLKI.

Which has better risk-adjusted returns?

XLKI currently has the higher Sharpe Ratio (1.33 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.