XLKvsIYWETF Comparison
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State Street Technology Select Sector SPDR ETF (XLK) and iShares U.S. Technology ETF (IYW) belong to the same industry segment: US Info. Technology. XLK's top 3 sector exposures are Technology, Business Services and Non-Energy Materials. In contrast, IYW's top sector exposures are Technology, Business Services and Finance. XLK is less expensive with a Total Expense Ratio (TER) of 0.08%, versus 0.37% for IYW. XLK is up 27.74% year-to-date (YTD) with +$2.70B in YTD flows. IYW performs worse with 25.28% YTD performance, and -$1.61B in YTD flows. Run a side-by-side ETF comparison of XLK and IYW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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XLK vs IYW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | XLK IYW | -6.18%-5.53% | +2.79%+4.78% | +27.74%+25.28% | +27.42%+25.13% | +127.50%+138.94% | +139.23%+135.17% |
| Flows | XLK IYW | +$1.88B-$771M | +$1.37B-$531M | +$2.70B-$1.61B | +$2.59B-$1.87B | +$9.83B-$3.21B | +$9.35B-$1.55B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | XLK IYW | +26.06%+22.62% | +26.78%+24.71% | +25.38%+24.79% | +26.19%+26.84% |
| Max drawdown | XLK IYW | -9.75%-8.67% | -15.92%-17.72% | -25.74%-26.59% | -33.57%-39.42% |
| Max drawdown duration | XLK IYW | 17d17d | 168d174d | 113d125d | 534d690d |
Trading data
XLK | IYW | |
Last sale 10/23/2026 at 1:30 PM | $183.23 | $249.92 |
| Previous close 10/22/2026 | $182.34 | $248.96 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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XLK | IYW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
XLK | IYW | |
|---|---|---|
| Last price | $183.23 | $249.92 |
| 1D performance | +0.49% | +0.39% |
| AuM | $120.96 B | $24.31 B |
| E/R | 0.08% | 0.37% |
Characteristics
XLK | IYW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | iShares |
| Benchmark | S&P Technology Select Sector Index | Russell 1000 Technology RIC 22.5/45 Capped Index |
| N° of holdings | 73 | 149 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 16, 1998 | May 15, 2000 |
| ESG | No | No |
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Exposure
Countries
XLK
USA
97.19%
Other
2.81%
IYW
USA
99.67%
Other
0.33%
Sectors
XLK
Technology
95.48%
Other
4.52%
IYW
Technology
95.09%
Other
4.91%
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Diversification
XLK
Total weight of top 15 holdings out of 15
69.87%
IYW
Total weight of top 15 holdings out of 15
72.59%
Top 15 holdings
Data as of August 31, 2026
XLK
NVIDIA Corp.
14.37%
Apple, Inc.
12.50%
Microsoft Corp.
10.13%
Broadcom Inc.
4.71%
Micron Technology, Inc.
4.00%
Advanced Micro Devices, Inc.
3.93%
Intel Corp.
2.90%
Cisco Systems, Inc.
2.86%
Palantir Technologies, Inc.
2.81%
Lam Research Corp.
2.47%
Applied Materials, Inc.
2.39%
Palo Alto Networks, Inc.
2.03%
Oracle Corp.
1.66%
Texas Instruments Incorporated
1.56%
CrowdStrike Holdings, Inc.
1.54%
IYW
NVIDIA Corp.
14.21%
Apple, Inc.
12.77%
Microsoft Corp.
11.04%
Alphabet, Inc.
5.57%
Alphabet, Inc.
4.50%
Broadcom Inc.
4.16%
Meta Platforms, Inc.
3.69%
Micron Technology, Inc.
3.28%
Advanced Micro Devices, Inc.
2.86%
Palantir Technologies, Inc.
2.04%
Intel Corp.
2.02%
Lam Research Corp.
1.86%
Applied Materials, Inc.
1.79%
Palo Alto Networks, Inc.
1.52%
Oracle Corp.
1.26%
Frequently asked questions about XLK and IYW
How have the XLK and IYW ETFs performed in 2026?
As of October 23, 2026, XLK is up 27.74% year-to-date (YTD), while IYW has returned 25.28%. That puts XLK better performer ahead so far this year.
Which ETF is attracting more investor money: XLK or IYW?
Year-to-date, the XLK ETF saw +$2.70B in flows, compared to -$1.61B for IYW.
Which ETF is more volatile: XLK or IYW?
Over the past year, XLK had a volatility of 26.78%, while IYW experienced 24.71%.
Which ETF is bigger: XLK or IYW?
As of October 23, 2026, XLK holds $120.96 B in assets under management (AUM), while IYW manages $24.31 B.
What sectors do the XLK and IYW ETFs invest in?
XLK leans toward sectors like Technology. Meanwhile, IYW focuses on Technology.
What are the top holdings of the XLK ETF and IYW ETF?
XLK top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. IYW holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: XLK or IYW?
XLK holds 73 securities with 69.87% of its assets in the top 15. IYW has 150 securities and a top 15 weight of 72.59%.
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Latest news about XLK & IYW
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IYW
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