XLK vs. SQQQ

Technology Select Sector SPDR Fund

XLK

$--

ProShares UltraPro Short QQQ

SQQQ

$--

Correlation

-0.97

Learn more about XLK

Learn more about SQQQ

Compare with

Top 10 comparisons with XLK:

Top 10 shared holdings

The top 10 holdings shared by XLK and SQQQ:

There are no shared holdings.

Invest with XLK

Learn more about SQQQ

XLKTechnology Select Sector SPDR Fund

SQQQProShares UltraPro Short QQQ

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
**

XLK Technology Select Sector SPDR Fund

SQQQ ProShares UltraPro Short QQQ

Inception date

Dec 16 1998

Feb 09 2010

Expense ratio

0.10%

0.95%

XLK has a lower expense ratio than SQQQ by 0.85%. This can indicate that it’s cheaper to invest in XLK than SQQQ.

Type

US Equities

XLK targets investing in US Equities, while SQQQ targets investing in US Equities.

Fund owner

State Street (SPDR)

ProShares

XLK is managed by State Street (SPDR), while SQQQ is managed by ProShares.

Volume (1m avg. daily)

$989,437,675

$2,217,551,125

Both XLK and SQQQ 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

$4,455,851,279

XLK has more assets under management than SQQQ by $43,082,094,300. Higher AUM can be associated with better liquidity and lower slippage in trading.

Associated index

S&P Technology Select Sector Index

Nasdaq 100 Index

XLK is based off of the S&P Technology Select Sector Index, while SQQQ is based off of the Nasdaq 100 Index

Inverse/Leveraged

Inverse (-3x)

XLK uses undefined, while SQQQ uses Inverse (-3x). Inverse and leveraged ETFs can be used to either take an opposite position or amplify returns of a given index.

Passive/Active

Passive

XLK and SQQQ 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

XLK and SQQQ may offer dividends. The frequency and yield of the dividend may not be the same.

Prospectus

View

Neither XLK nor SQQQ require a K1.

When ETFs are inversely correlated, they can be used in actively traded strategies (multiple trades per week) to take positions in opposing directions. For example, if you believe XLK is going to fall, it would make sense to invest in SQQQ, as based on historical data, when XLK decreases in value, SQQQ tends to increase in value.

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Disclaimers

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.

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.