VXF vs XLK

VXF vs XLK
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Quick Verdict

VXF has a lower expense ratio. XLK delivered stronger 1-year returns. VXF offers more diversification with 3,376 holdings.

Lower Fees: VXFHigher Returns: XLKMore Diversified: VXF

Side-by-Side Comparison

MetricVXFXLKWinner
Expense Ratio0.05%0.08%
AUM$30.5B$124.4B
Dividend Yield1.03%0.45%
Holdings3,37677
YTD Return+15.66%+25.08%
1Y Return+20.99%+38.25%
3Y Return (annualized)+19.89%+29.63%
5Y Return (annualized)+6.60%+18.87%
Volatility (annualized)18.7%23.2%
Max Drawdown-59.4%-82.0%
Fund FamilyVanguard (US)SPDR State Street Global Advisors
CategoryEquityEquity
InceptionDec 27, 2001Dec 16, 1998

VXF vs XLK Performance

Vanguard Extended Market ETF (VXF) is a ETF from Vanguard (US) and State Street Technology Select Sector SPDR ETF (XLK) is a ETF from SPDR State Street Global Advisors. Over the past year VXF returned +20.99% while XLK returned +38.25%. Year to date, VXF is up 15.66% versus a gain of 25.08% for XLK.

Over three years, VXF compounded at +19.89% per year against +29.63% for XLK; over five years the annualized figures are +6.60% and +18.87% respectively. Across the full 25-year window we track, XLK has the edge at +9.30% annualized vs +9.00%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

XLK has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 18.7% for VXF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -59.4% for VXF and -82.0% for XLK. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.

Fees and Cost Over Time

VXF charges 0.05% per year while XLK charges 0.08%. On a $10,000 position that is $5 vs $8 annually, a gap of $3 per year that compounds over a long holding period. On income, VXF currently yields 1.03% against 0.45% for XLK.

Holdings Overlap

0.0%overlap

VXF and XLK share 2 holdings out of 3367 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in VXFWeight in XLKDifference
MRVL0.00%1.44%1.44%
FLEX0.00%0.34%0.34%

Frequently Asked Questions

Which is cheaper, VXF or XLK?

VXF has an expense ratio of 0.05% while XLK charges 0.08%. VXF is the cheaper option. On a $10,000 investment, that is $3 per year of difference.

Which performed better, VXF or XLK?

Over the past year VXF returned +20.99% vs +38.25% for XLK, so XLK leads on 1-year performance. Over the longest common window we track (25 years), VXF annualized +9.00% vs +9.30% for XLK. Past performance does not guarantee future results.

Which is riskier, VXF or XLK?

XLK has been the more volatile fund at 23.2% annualized versus 18.7% for VXF. Worst drawdown: VXF -59.4% vs XLK -82.0%.

Should I hold both VXF and XLK?

VXF and XLK have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between VXF and XLK?

VXF and XLK share 2 common holdings with a 0.0% weight overlap. Combined, they hold 3367 unique securities.

Which pays a higher dividend, VXF or XLK?

VXF yields 1.03% while XLK yields 0.45%, so VXF currently pays the higher dividend yield.

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