Data as of Oct 28, 2026.
XLK vs XLKI: Differences, Returns & Fees
Over the year to Oct 28, 2026, XLK returned +27.1% to XLKI's +18.5%, and XLK charges 0.08% to XLKI's 0.35%.
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Net assets on Oct 27, 2026: $125.0bn for State Street Technology Select Sector SPDR ETF and $34m for State Street Technology Select Sector SPDR Premium Income ETF.
Pair scorecard
XLK costs 0.27 points a year less; their one-year returns differ by 8.6 points; XLK is far larger, $125.0bn against $34m.
| Measure | XLK | XLKI |
|---|---|---|
| Return | ||
| Total return, 1 year | +27.1% | +18.5% |
| Price change, 1 year | rose 26.5% | fell 1.5% |
| Latest payout, annualized | 14.2% | |
| Return of capital, issuer estimate | 93% of the Oct 5, 2026 payment | |
| Drawdown | ||
| Below its high | 5.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Technology Select Sector Index | Benchmark: Technology sector, measured through XLK |
| Cost and size | ||
| Expense ratio | 0.08% | 0.35% |
| Net assets, as of Oct 27, 2026 | $125.0bn | $34m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 64.6% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Aug 8, 2025 to Oct 23, 2026 · 63 weekly returnsEach against its own benchmark: XLK against SPY, Dec 31, 1998 to Oct 23, 2026; XLKI against XLK, Aug 8, 2025 to Oct 23, 2026.
XLK returned more: +38.7% to +25.2%. XLKI swung less: 16.9% to 23.2%. XLKI fell less at its worst: −7.0% to −13.3%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | XLK | XLKI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +38.7% | +25.2% | XLK | Price change plus distributions, reinvested. |
| Annualized | +31.0% | +20.4% | XLK | Total return as a yearly rate. |
| Price return | +37.8% | +0.7% | XLK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.2% | 16.9% | XLKI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.4% | 11.7% | XLKI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −13.3% | −7.0% | XLKI | Deepest fall from a high to the low after it. |
| Upside capture | 138.8% | 55.0% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 113.0% | 81.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.15 | 0.69 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.73 | 0.88 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.12 | 0.95 | XLK | Return above Treasury bills per unit of volatility. |
| Sortino | 1.79 | 1.38 | XLK | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.094 | 0.235 | Return above Treasury bills per unit of beta. | |
| Calmar | 2.32 | 2.92 | XLKI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | XLK | The ETF each fund is measured against. | |
| Alpha | +1.6% a year | −1.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.67 | −0.30 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.0% to +6.1% | −12.3% to +9.1% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.22 | −1.05 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 12.6% | 9.3% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 63 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, XLK and XLKI hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
XLK and XLKI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
XLK and XLKI do different jobs. What does each one do in a portfolio?
- What each follows. XLK follows Technology Select Sector Index and XLKI is measured against Technology sector through XLK.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 XLK returned +27.1% and XLKI +18.5% with distributions reinvested, a gap of 8.6 points.
Data as of Oct 28, 2026.
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XLK
XLK tracks an index of Technology. Over the year to Oct 28, 2026 it returned +27.1% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 64.6%. It sat 5.4% below its high of Oct 6, 2026 on Oct 28, 2026.
XLKI
Over the year to Oct 28, 2026, XLKI paid 18.0% of its starting value in cash distributions while its price fell 1.5%. With every distribution reinvested, the fund returned +18.5%. Technology sector (XLK) returned +27.1% over the same days, so a holder was behind by 8.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 14.2%, paid monthly. State Street estimates that 93% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are XLK and XLKI in the same category?
- XLK is a stock ETF and XLKI is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, XLK or XLKI?
- In the year to Oct 28, 2026, with distributions reinvested, XLK returned +27.1% and XLKI +18.5%.
- Which is cheaper, XLK or XLKI?
- XLK is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, XLK against XLKI, data as of Oct 28, 2026. https://etfiq.com/compare/any/xlk-vs-xlki
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