Which returned more over the last year, XLK or XLV?

In the year to Oct 28, 2026, with distributions reinvested, XLK returned +27.1% and XLV +25.6%.

Which is cheaper, XLK or XLV?

Neither: XLK and XLV both charge 0.08% a year. Fees come from each fund's prospectus.

How much do XLK and XLV overlap with the S&P 500?

By their latest filed holdings, 100% of XLK and 100% of XLV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

XLK vs XLV: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, XLK returned +27.1% to XLV's +25.6%; 0% of their weight is in the same names.

askIQ about this page

askIQ about XLK and XLV

Net assets on Oct 27, 2026: $125.0bn for State Street Technology Select Sector SPDR ETF and $47.0bn for State Street Health Care Select Sector SPDR ETF.

XLK on its own →XLV on its own →

At a glance

+27.1%

XLK total return, 1 year

+25.6%

XLV total return, 1 year

0.08%

XLK expense ratio

0.08%

XLV expense ratio

Pair scorecard

Both cost 0.08% a year; their one-year returns differ by 1.5 points; XLK is 2.7 times larger.

Points (pts) are percentage points.

XLK vs XLV: Differences, Returns & Fees
Measure	XLK	XLV
Return
Measure	XLK	XLV
Total return, 1 year	+27.1%	+25.6%
Drawdown
Measure	XLK	XLV
Below its high	5.4%, high on Oct 6, 2026
Benchmark
Measure	XLK	XLV
What it tracks	Technology Select Sector Index	Health Care Select Sector Index
Cost and size
Measure	XLK	XLV
Expense ratio	0.08%	0.08%
Net assets, as of Oct 27, 2026	$125.0bn	$47.0bn
Holdings
Measure	XLK	XLV
Holdings in common	0%
Top ten holdings, share of the fund	64.6%	60.6%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Dec 31, 1998 to Oct 23, 2026 · 1,451 weekly returns

XLK XLV

Return

Total return edge XLK +1,419.1% +938.5%

Annualized edge XLK +10.2% +8.7%

Price return edge XLK +1,023.1% +589.5%

Risk

Volatility edge XLV 23.7% 17.4%

Max drawdown edge XLV −81.4% −37.9%

Risk-adjusted

Sharpe edge XLV (slight) 0.46 0.47

Sortino edge Tie 0.65 0.67

Calmar edge XLV 0.13 0.23

Reading

XLK returned more: +1,419.1% to +938.5%. XLV swung less: 17.4% to 23.7%. XLV fell less at its worst: −37.9% to −81.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: XLK vs XLV: Differences, Returns & Fees
Measure	XLK	XLV	Edge	How it is measured
Return
Total return	+1,419.1%	+938.5%	XLK	Price change plus distributions, reinvested.
Annualized	+10.2%	+8.7%	XLK	Total return as a yearly rate.
Price return	+1,023.1%	+589.5%	XLK	Price change alone, distributions left out.
Risk
Volatility	23.7%	17.4%	XLV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.6%	12.2%	XLV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−81.4%	−37.9%	XLV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.46	0.47	XLV (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.65	0.67	Tie	Return above Treasury bills per unit of downside deviation.
Calmar	0.13	0.23	XLV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,451 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, XLK and XLV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first XLK XLV

Only in one fund ↓

Only in XLK

NVIDIA CORP 15.22%

APPLE INC 14.62%

MICROSOFT CORP 11.38%

ADVANCED MICRO DEVICES 4.78%

BROADCOM INC 4.70%

MICRON TECHNOLOGY INC 4.02%

INTEL CORP 2.72%

PALANTIR TECHNOLOGIES INC A 2.67%

Only in XLV

ELI LILLY + CO 15.77%

JOHNSON + JOHNSON 9.96%

ABBVIE INC 7.78%

UNITEDHEALTH GROUP INC 5.66%

MERCK + CO. INC. 5.38%

THERMO FISHER SCIENTIFIC INC 3.94%

AMGEN INC 3.72%

GILEAD SCIENCES INC 3.03%

Check overlap with more funds →

Side by side

XLK State Street Technology Select Sector SPDR ETF XLV State Street Health Care Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer State Street State Street

What it is Tracks an index of Technology Tracks an index of Health care

Total return, 1 year +27.1% +25.6%

Its benchmark over the same days +13.6% (SPY) not measured

Gap to its benchmark +13.5 pts vs SPY not measured

Expense ratio 0.08% 0.08%

Already in the S&P 500 99.9% 99.7%

Holdings 76 62

Net assets, as of Oct 27, 2026 $125.0bn $47.0bn

XLK and XLV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-E67F9C91FC

XLK and XLV do different jobs. What does each one do in a portfolio?

What each follows. XLK follows Technology Select Sector Index and XLV follows Health Care Select Sector Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return (similar). Over 1 year to Oct 28, 2026 XLK returned +27.1% and XLV +25.6% with distributions reinvested, a gap of 1.5 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

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.

XLV

XLV tracks an index of Health care. Over the year to Oct 28, 2026 it returned +25.6% with distributions reinvested. 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 62 positions, with the top ten at 60.6%.

Questions people ask

Which returned more over the last year, XLK or XLV?: In the year to Oct 28, 2026, with distributions reinvested, XLK returned +27.1% and XLV +25.6%.
Which is cheaper, XLK or XLV?: Neither: XLK and XLV both charge 0.08% a year. Fees come from each fund's prospectus.
How much do XLK and XLV overlap with the S&P 500?: By their latest filed holdings, 100% of XLK and 100% of XLV by weight is stocks the S&P 500 already holds.

Other comparisons

VHT vs XLK KRE vs XLK XHB vs XLK XLK vs XRT VGT vs XLV IYW vs XLV FTEC vs XLV IGM vs XLV

Where to next

XLK on its own →XLV on its own →Hold both: look the portfolio through →Rankings →XLK dividend history →XLK holdings →XLV dividend history →XLV holdings →Standards and sources →

Sources and dates

XLK and XLV filings on SEC EDGAR ↗

XLK and XLV prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, XLK against XLV, data as of Oct 28, 2026. https://etfiq.com/compare/any/xlk-vs-xlv

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.