Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IYW vs XLK: how they differ
IYW and XLK hold 72% of their weight in the same names, and XLK returned more over the year.
iShares U.S. Technology ETF and State Street(R) Technology Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, IYW and XLK hold 72% of their money in the same securities at the same weight.
| Holding | IYW | XLK |
|---|---|---|
| NVIDIA CORPORATION | 16.25% | 14.66% |
| APPLE INC. | 13.65% | 12.86% |
| MICROSOFT CORPORATION | 3.99% | 8.38% |
| BROADCOM INC. | 3.78% | 5.41% |
| ADVANCED MICRO DEVICES, INC. | 3.50% | 5.28% |
| MICRON TECHNOLOGY, INC. | 2.98% | 5.42% |
| INTEL CORPORATION | 2.56% | 3.68% |
| LAM RESEARCH CORPORATION | 1.99% | 3.02% |
| APPLIED MATERIALS, INC. | 1.92% | 3.20% |
| TEXAS INSTRUMENTS INCORPORATED | 1.57% | 1.51% |
| PALANTIR TECHNOLOGIES INC. | 1.86% | 1.49% |
| KLA CORPORATION | 1.41% | 2.20% |
| Only in IYW | Only in XLK |
|---|---|
| ALPHABET INC. 7.84% | Cisco Systems Inc 2.59% |
| ALPHABET INC. 6.34% | Seagate Technology Holdings PLC 1.21% |
| META PLATFORMS, INC. 2.81% | Arista Networks Inc 0.98% |
| VERTIV HOLDINGS CO 0.77% | Accenture PLC 0.43% |
| CLOUDFLARE, INC. 0.39% | NXP Semiconductors NV 0.40% |
| DOORDASH, INC. 0.38% | Ciena Corp 0.39% |
| STRATEGY INC 0.32% | Motorola Solutions Inc 0.38% |
| SNOWFLAKE INC. 0.28% | Lumentum Holdings Inc 0.37% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
| IYW iShares U.S. Technology ETF | XLK State Street(R) Technology Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | U.S. Technology | Technology |
| Total return, 1 year | +34.9% | +39.2% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +17.4 pts | +21.7 pts |
| Expense ratio | 0.37% | 0.08% |
| Already in the S&P 500 | 95.5% | 100.0% |
| Holdings | 139 | 74 |
IYW in plain words
IYW is an index equity fund tracking the U.S. Technology. Over the year to Sep 11, 2026 it returned +34.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.37% a year. By its holdings filed for Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 139 positions, with the top ten at 63.7%.
XLK in plain words
XLK is an index equity fund tracking the Technology. Over the year to Sep 11, 2026 it returned +39.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 74 positions, with the top ten at 64.5%. It sat 5.2% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, IYW or XLK?
- In the year to Sep 12, 2026, with distributions reinvested, IYW returned +34.9% and XLK returned +39.2%, so XLK returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IYW or XLK?
- IYW charges 0.37% a year and XLK charges 0.08%, so XLK is cheaper. Fees come from each fund's prospectus.
- How much do IYW and XLK overlap with the S&P 500?
- By their latest filed holdings, 96% of IYW and 100% of XLK by weight is stocks the S&P 500 already holds. Between the two funds, 72% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IYW against XLK, data as of Sep 12, 2026. https://etfiq.com/compare/any/IYW-XLK Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources