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ETF Comparisons

XLK vs. XLE

Technology Select Sector SPDR Fund

XLK
$—
Today’s Change
— (—)
vs

Energy Select Sector SPDR Fund

XLE
$—
Today’s Change
— (—)

Correlation

0.58

Compare with

Top 10 comparisons with XLK:
Compare:
XLK
Correlation
With:
XLE
Energy Select Sector SPDR Fund
0.58
SwitchTECLDirexion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares1.00FTECFidelity Covington Trust - Fidelity MSCI Information Technology Index ETF1.00VGTVanguard Group, Inc. - Vanguard Information Technology ETF1.00IXNBlackRock Institutional Trust Company N.A. - iShares Global Tech ETF0.99ROMProShares Trust - ProShares Ultra Technology 2x Shares0.99IYWBlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF0.99IGMBlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF0.97QQQInvesco Capital Management LLC - Invesco QQQ Trust Series 10.97TQQQProShares Trust - ProShares UltraPro QQQ 3x Shares0.97QLDProShares Trust - ProShares Ultra QQQ 2x Shares0.97

Top 10 shared holdings

The top 10 holdings shared by XLK and XLE:

There are no shared holdings.
Trade XLK options
Learn more about XLK
Trade XLE options
Learn more about XLE
1M
3M
6M
YTD
1Y
3Y
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Performance Measures**

for the time period Dec 22, 1998 to Dec 4, 2025

Returns

1M Trailing Return:

3M Trailing Return:

XLK

-1.0%

11.0%

XLE

5.8%

4.4%

Diff.

-6.8%

+6.6%

Measures of Risk or Volatility

Max Drawdown:

Standard Deviation:

XLK

-82.0%

26.0%

XLE

-71.3%

28.7%

Diff.

-10.7%

-2.7%

Measures of Risk-Adjusted Performance

Sharpe Ratio:

Calmar Ratio:

XLK

0.49

0.12

XLE

0.41

0.11

Diff.

+0.08

+0.01

XLKTechnology Select Sector SPDR Fund
XLEEnergy Select Sector SPDR Fund

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
**

XLK Technology Select Sector SPDR Fund
XLE Energy Select Sector SPDR Fund
Inception date
Dec 16, 1998
Dec 16, 1998
Expense ratio
0.1%
0.1%
XLK and XLE have the same expense ratio, meaning it’s equally as costly to invest in either one.
Type
US Equities
US Equities
XLK targets investing in US Equities, while XLE targets investing in US Equities.
Fund owner
State Street (SPDR)
State Street (SPDR)
XLK is managed by State Street (SPDR), while XLE is managed by State Street (SPDR).
Volume (1m avg. daily)
$989,437,675
$1,678,169,867
Both XLK and XLE 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
$47,537,945,579
$38,180,414,875
XLK has more assets under management than XLE by $9,357,530,704. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Technology Select Sector Index
S&P Energy Select Sector Index
XLK is based off of the S&P Technology Select Sector Index, while XLE is based off of the S&P Energy Select Sector Index
Inverse/Leveraged
No
No
Neither XLK nor XLE use an inverse or leveraged strategy.
Passive/Active
Passive
Passive
XLK and XLE 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
XLK and XLE may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
View
View
Neither XLK nor XLE require a K1.
XLK and XLE’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.

Trading Strategies
Related toXLK

Simons KMLM switcher (single pops)| BT 4/13/22 = A.R. 466% / D.D. 22% V2

Category

Tactical, leveraged ETFs, volatility, mean reversion, trend following, regime switching, risk-on/risk-off

OOS Cumulative Return

568.34%

Trading Strategies
Related toXLE

Inside Nancy Pelosi's Chips- V3

Category

Semiconductors, mean reversion, momentum, trend filter, RSI, leveraged ETFs, tactical, energy, commodities

OOS Cumulative Return

1775.5%

Create your own algorithmic
trading strategy

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.