Data as of Oct 28, 2026.

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XLK vs XOVR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, XLK returned +27.1% to XOVR's −3.0%; 12% of their weight is in the same names.

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Net assets: $125.0bn on Oct 27, 2026 for State Street Technology Select Sector SPDR ETF, and $2.2bn on Jun 30, 2026 for ERShares Private-Public Crossover ETF.

At a glance
+27.1%
XLK total return, 1 year
−3.0%
XOVR total return, 1 year
0.08%
XLK expense ratio
1.81%
XOVR expense ratio

Pair scorecard

XLK costs 1.73 points a year less; their one-year returns differ by 30.1 points.

XLK vs XOVR: Differences, Returns & Fees
MeasureXLKXOVR
Return
Total return, 1 year+27.1%−3.0%
Drawdown
Below its high5.4%, high on Oct 6, 20266.5%, high on Oct 5, 2026
Benchmark
What it tracksTechnology Select Sector IndexNo index, actively managed
Cost and size
Expense ratio0.08%1.81%
Net assets, XLK as of Oct 27, 2026 and XOVR as of Jun 30, 2026$125.0bn$2.2bn
Holdings
Holdings in common12%
Top ten holdings, share of the fund64.6%63.1%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

Risk and return

Nov 17, 2017 to Oct 23, 2026 · 466 weekly returns
XLK XOVR
Return
Total return edge XLK +530.6% +138.8%
Annualized edge XLK +22.8% +10.2%
Price return edge XLK +478.5% +37.1%
Risk
Volatility edge XLK 23.6% 26.7%
Max drawdown edge XLK −32.6% −56.3%
Risk-adjusted
Sharpe edge XLK 0.88 0.40
Sortino edge XLK 1.32 0.57
Calmar edge XLK 0.70 0.18
Reading

XLK returned more: +530.6% to +138.8%. XLK swung less: 23.6% to 26.7%. XLK fell less at its worst: −32.6% to −56.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: XLK vs XOVR: Differences, Returns & Fees
MeasureXLKXOVREdgeHow it is measured
Return
Total return+530.6%+138.8%XLKPrice change plus distributions, reinvested.
Annualized+22.8%+10.2%XLKTotal return as a yearly rate.
Price return+478.5%+37.1%XLKPrice change alone, distributions left out.
Risk
Volatility23.6%26.7%XLKSpread of weekly returns, annualized. Lower is steadier.
Downside deviation15.6%18.5%XLKLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−32.6%−56.3%XLKDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.880.40XLKReturn above Treasury bills per unit of volatility.
Sortino1.320.57XLKReturn above Treasury bills per unit of downside deviation.
Calmar0.700.18XLKAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 466 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

12%

By the books each fund has filed, XLK and XOVR hold 12% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

0 half 100%

half

12% in common

Positions both hold · largest shared weight first XLK XOVR
NVIDIA CORP 15.22% 9.47%
ARISTA NETWORKS INC 1.14% 2.31%
PALANTIR TECHNOLOGIES INC A 2.67% 0.56%
MONOLITHIC POWER SYSTEMS INC 0.35% 1.77%
Only in one fund ↓
Only in XLK
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%
CISCO SYSTEMS INC 2.56%
PALO ALTO NETWORKS INC 1.91%
Only in XOVR
N/A 17.73%
Astera Labs Inc 7.75%
Alphabet Inc 6.52%
Meta Platforms Inc 4.47%
Applovin Corp 3.95%
Natera Inc 3.70%
Robinhood Markets Inc 3.55%
Veeva Systems Inc 3.17%
Check overlap with more funds →

Side by side

XLK State Street Technology Select Sector SPDR ETF XOVR ERShares Private-Public Crossover ETF
Where it sits Stock ETF Stock ETF
Issuer State Street ERShares
What it is Tracks an index of Technology Actively managed
Total return, 1 year +27.1% −3.0%
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% 1.81%
Already in the S&P 500 99.9% 43.4%
Holdings 76 32
Net assets, XLK as of Oct 27, 2026 and XOVR as of Jun 30, 2026 $125.0bn $2.2bn

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

Client brief

No client brief for this pair: the two funds' holdings are dated 119 days apart.

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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.

XOVR

XOVR is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −3.0% with distributions reinvested. The prospectus expense ratio is 1.81% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 6.5% below its high of Oct 5, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, XLK or XOVR?
In the year to Oct 28, 2026, with distributions reinvested, XLK returned +27.1% and XOVR −3.0%.
Which is cheaper, XLK or XOVR?
XLK is cheaper, by 1.73 percentage points a year. That is about $173 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do XLK and XOVR overlap with the S&P 500?
By their latest filed holdings, 100% of XLK and 43% of XOVR by weight is stocks the S&P 500 already holds.
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ETFIQ, XLK against XOVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/xlk-vs-xovr

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