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XLK vs. SCHB

Technology Select Sector SPDR Fund

XLK
$--
vs

Schwab U.S. Broad Market ETF

SCHB
$--

Correlation

XLKTechnology Select Sector SPDR Fund
SCHBSchwab U.S. Broad Market ETF

What is XLK?

The Technology Select Sector SPDR Fund before expenses seeks to closely match the returns and characteristics of the Technology Select Sector Index (ticker: IXT).

Snapshot
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XLK Technology Select Sector SPDR Fund
SCHB Schwab U.S. Broad Market ETF
Inception date
Dec 16 1998
Nov 03 2009
Expense ratio
0.10%
0.03%
XLK has a higher expense ratio than SCHB by 0.07%. This can indicate that it’s more expensive to invest in XLK than SCHB.
Type
US Equities
US Equities
XLK targets investing in US Equities, while SCHB targets investing in US Equities.
Fund owner
State Street (SPDR)
Schwab
XLK is managed by State Street (SPDR), while SCHB is managed by Schwab.
Volume (1m avg. daily)
$989,437,675
$35,304,784
Both XLK and SCHB are considered high-volume assets. They’re less likely to be affected by issues like slippage and failed orders on Composer than low-volume assets.
AUM
$47,537,945,579
$22,376,795,984
XLK has more assets under management than SCHB by $25,161,149,595. Higher AUM can be associated with better liquidity and lower slippage in trading.
Associated index
S&P Technology Select Sector Index
Dow Jones U.S. Broad Stock Market Index
XLK is based off of the S&P Technology Select Sector Index, while SCHB is based off of the Dow Jones U.S. Broad Stock Market Index
Inverse/Leveraged
No
No
XLK and SCHB use the same leverage ratio. Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.
Passive/Active
Passive
Passive
XLK and SCHB both use a Passive investing strategy. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.
Dividend
No
No
XLK and SCHB may offer dividends. The frequency and yield of the dividend may not be the same.
Prospectus
Neither XLK nor SCHB require a K1.

Automated Strategies
Related toXLK

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Automated Strategies
Related toSCHB

#WIR

When Inflation is Rising

Category

Living With High Inflation, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic
trading strategy

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

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We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.