XLE vs. XLK
Energy Select Sector SPDR Fund
XLE
$--
vs
Technology Select Sector SPDR Fund
XLK
$--
Correlation
0.82
Learn more about XLE
Learn more about XLK
Compare with
Top 10 comparisons with XLE:
Compare:
XLE
Correlation
With:
XLK
Technology Select Sector SPDR Fund
0.82
SwitchERXDirexion Shares ETF Trust - Direxion Daily Energy Bull 2X Shares1.00DIGProShares Trust - ProShares Ultra Energy1.00VDEVanguard Group, Inc. - Vanguard Energy ETF1.00FENYFidelity Covington Trust - Fidelity MSCI Energy Index ETF1.00IYEBlackRock Institutional Trust Company N.A. - iShares U.S. Energy ETF1.00OILUBank of Montreal - MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETNs0.99RSPGInvesco Capital Management LLC - Invesco S&P 500 Equal Weight Energy ETF0.98IXCBlackRock Institutional Trust Company N.A. - iShares Global Energy ETF0.98NRGUBank of Montreal - MicroSectors U.S. Big Oil Index 3X Leveraged ETNs0.98IGEBlackRock Institutional Trust Company N.A. - iShares North American Natural Resources ETF0.97
Top 10 shared holdings
The top 10 holdings shared by XLE and XLK:
There are no shared holdings.
There are no shared holdings.
Invest with XLE
Learn more about XLK
XLEEnergy Select Sector SPDR Fund
XLKTechnology Select Sector SPDR Fund
What is XLE?
The Energy Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Energy Select Sector Index (ticker: IXE).
What is XLK?
The Technology Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Technology Select Sector Index (ticker: IXT).
Snapshot**
XLE Energy Select Sector SPDR Fund
XLK Technology Select Sector SPDR Fund
Inception date
Dec 16, 1998
Dec 16, 1998
Expense ratio
0.10%
0.10%
XLE and XLK have the same expense ratio, meaning it’s equally as costly to invest in either one.
Type
US Equities
US Equities
XLE targets investing in US Equities, while XLK targets investing in US Equities.
Fund owner
State Street (SPDR)
State Street (SPDR)
XLE is managed by State Street (SPDR), while XLK is managed by State Street (SPDR).
Volume (1m avg. daily)
$1,678,169,867
$989,437,675
Both XLE and XLK are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$38,180,414,875
$47,537,945,579
XLE has more assets under management than XLK by $9,357,530,704. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Energy Select Sector Index
S&P Technology Select Sector Index
XLE is based off of the S&P Energy Select Sector Index, while XLK is based off of the S&P Technology Select Sector Index
Inverse/Leveraged
No
No
XLE and XLK use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
XLE and XLK both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
XLE and XLK may offer dividends. The frequency and yield of the dividend may not be the same.
XLE and XLK’s Correlation
When ETFs are correlated, there are 3 main topics to analyze that will help you build your automated trading strategy: liquidity, expense, and risk.
- Liquidity: In an active trading strategy (trading multiple time per week), it’s important to consider the liquidity of the ETF you’re using. Lower liquidity can mean more money lost in slippage. AUM and average daily volume are both indicators of liquidity.
- Expense: Some ETFs are more expensive to use than others. For strategies that are focused on longer holding periods, it’s important to factor in how expensive it is to hold this ETF. Expense ratio is the main indicator of how expensive an ETF is.
- Risk: Some ETFs will be highly correlated, but have varying degrees of returns, due to leverage. It’s important to consider if an ETF is using leverage or not. The main indicators of a riskier ETF will be the use of leverage and higher standard deviation or max drawdown in a backtest.
Automated Strategies
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Disclaimers
*
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
**
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.