TMF vs XLK ETF Comparison
Compare TMF and XLK across fund costs, diversification, holdings, performance, income, risk and current AlgovestIQ evidence.
What is the main difference between TMF and XLK?
TMF is Direxion Daily 20+ Year Treasury Bull 3X ETF, while XLK is State Street Technology Select Sector SPDR ETF. TMF is tied to Fixed Income; XLK is tied to Equity. XLK is broader by holdings count, with 74 positions versus 1 for TMF. XLK is more concentrated at the top, based on top-10 holdings weight.
| Metric | TMF | XLK | Type |
|---|---|---|---|
| Expense ratio | 1.01% | 0.08% | Fund |
| Assets under management | $2.2B | $121.1B | Fund |
| Holdings | 1 | 74 | Fund |
| Top-10 concentration | 39% | 100.4% | Fund |
| Average volume | 7,547,530 | 6,005,380 | Fund |
| Underlying exposure | Fixed Income | Equity | Fund |
| Annualized volatility | 27.4% | 26.4% | Risk |
| Max drawdown | -32.4% | -16.1% | Risk |
| Beta | 0.52 | 1.75 | Risk |
| Sharpe ratio | -0.71 | 1.33 | Risk |
| Sortino ratio | -1.14 | 2.05 | Risk |
| AIQ Score | 44/100 | 56/100 | AlgovestIQ |
| AIQ Edge Score | 2/10 | 6/10 | AlgovestIQ |
| Momentum | 43/100 | 55/100 | AlgovestIQ |
| Risk Resilience | 31/100 | 61/100 | AlgovestIQ |
AlgovestIQ AIQ Comparison
Direxion Daily 20+ Year Treasury Bull 3X ETF vs State Street Technology Select Sector SPDR ETF
XLK leads
XLK leads by 12 AIQ points, primarily on Risk Resilience and Quality, but the lead has narrowed from 16 points over 30 sessions.
Competitive: 3 of 4 evidence groups support XLK, its lead is narrowing, and its current signal state is conflicted.
Direxion Daily 20+ Year Treasury Bull 3X ETF
State Street Technology Select Sector SPDR ETF
The Algovestiq AIQ Score currently favors XLK over TMF, 56 versus 44 as of Sep 5, 2026. XLK's advantage is driven primarily by stronger risk resilience and quality. XLK also shows the stronger technical structure relative to its 50-day moving average. 3 of 4 covered evidence groups favor XLK today, and the comparison is rated Competitive on stability: the leader's advantage has been narrowing. XLK lead: Weakening — the AIQ differential moved from 16 to 12 points over 30 sessions.
Compare Direxion Daily 20+ Year Treasury Bull 3X ETF and State Street Technology Select Sector SPDR ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
Compare TMF and XLK against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience15%31 vs 61XLK +30
- Quality30%60 vs 74XLK +14
- Momentum25%43 vs 55XLK +12
- Value30%36 vs 37Even
3 of 4 evidence groups favor XLK. XLK’s edge is concentrated in risk resilience and quality.
What changed since the last close
Latest scored session 2026-09-03, compared against the prior scored session 2026-09-02.
Largest factor move: Momentum +5
No new signals fired.
Largest factor move: Momentum +5
No new signals fired.
XLK's lead was unchanged in the latest snapshot.
Deeper signal detail for each name lives on its own signals page — TMF and XLK both carry a full feed there.
Which one fits your objective
The same two names rank differently depending on what you are optimizing for. All six reads are shown at once — none of them is hidden behind a toggle.
Balanced
XLKXLK on the overall AIQ Score, which weights Quality and Value at 30% each.
Growth
EvenGrowth figures are not covered for both names.
Value
EvenThe two are level on Value.
Momentum
XLKXLK on the Momentum factor, by 12 points.
Lower downside
XLKXLK on Risk Resilience, by 30 points.
Analyst upside
EvenAnalyst targets are level or not covered for both names.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | TMF | XLK | Why it matters |
|---|---|---|---|
| Expense ratio | 1.01% | 0.08% | Lower is better — it compounds against you every year you hold. |
| Assets under management | $2.2B | $121.1B | Larger funds generally carry tighter spreads. |
| Holdings | 13 | 73 | More holdings means broader diversification, not better returns. |
| Average volume | 7,547,530 | 6,005,380 | Liquidity — matters most if you trade size. |
| Annualized volatility | 27.4% | 26.4% | Lower is a steadier ride for the same exposure. |
| Max drawdown | -32.4% | -16.1% | The worst peak-to-trough loss on record for the fund. |
| Sharpe ratio | -0.71 | 1.33 | Return per unit of risk. Higher is better. |
| Beta | 0.52 | 1.75 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
TMF and XLK share 0% of their weighted exposure across 0 common holdings.
XLK is the more concentrated of the two: its ten largest positions are 100.38% of the fund, against 38.96% for TMF (74 holdings vs 1). Concentration cuts both ways — it is what drives outperformance when the top names work, and what makes the drawdown deeper when they do not.
1 holdings are unique to TMF and 74 to XLK. Owning both is genuinely additive — most of the capital sits in different securities.
ETF comparison questions
Short answers to the fund-specific questions behind this comparison.
Which ETF is more diversified, TMF or XLK?
XLK currently has more reported holdings, with 74 positions versus 1.
Which has the lower expense ratio?
XLK has the lower reported expense ratio in the current fund profile.
Which ETF has the higher distribution yield?
The current dataset does not show a higher-yield winner.
Which ETF has been more volatile?
TMF has the higher annualized volatility in the current risk snapshot.
Which ETF has had the smaller drawdown?
XLK has the less severe max drawdown in the current risk snapshot.
Which ETF has the stronger current AlgovestIQ evidence?
XLK currently leads on supporting AlgovestIQ evidence, 56 to 44.
AIQ Agreement Matrix
3 of 4 covered evidence groups favor XLK. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | XLK | 44 vs 56 |
| Fundamentals | Not covered | Not covered |
| Valuation | Even | Value 36 vs 37 |
| Technicals | XLK | Price vs 50-day -4.2% vs 2.6%; vs 200-day -14.4% vs 16.1% |
| Risk Resilience | XLK | Risk Resilience 31 vs 61 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of TMF and XLK and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is wide at 12 points. (supports the conclusion holding)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on XLK.
How the comparison changed
120 daily snapshots · Apr 22 – Sep 3XLK lead: Weakening — the AIQ differential moved from 16 to 12 points over 30 sessions.
- Today
- XLK +12
- 44 vs 56
- 7 sessions ago
- XLK +11
- 45 vs 56
- 30 sessions ago
- XLK +16
- 43 vs 59
- 90 sessions ago
- XLK +2
- 49 vs 51
The lead changed hands once in this window, most recently on Jun 30 when XLK moved ahead of TMF.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 2 bearish / 1 neutral, conflicted
- Death Cross Active — bearish, trend, long horizon (11.51%)
- Bollinger Band Squeeze — neutral, volatility, short horizon
- Downtrend Structure Active — bearish, trend, long horizon
3 bullish / 1 bearish, conflicted
- Golden Cross Active — bullish, trend, long horizon (14.00%)
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- Uptrend Structure Active — bullish, trend, long horizon
XLK leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price and the AIQ Score both moved up over the latest session (price +0.36%, AIQ +1 points).
Price and the AIQ Score both moved up over the latest session (price +0.7%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1TMF closes the Risk Resilience gap — currently 30 points behind, the largest single contributor to XLK's edge.
- 2TMF's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3XLK's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 4 points over 30 sessions, and a further 12-point move would eliminate XLK's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Technicals
XLK has the stronger structure| Metric | TMF | XLK |
|---|---|---|
| RSI (14) | 51.3 | 42.9 |
| ADX (14) | 16.1 | 11.3 |
| Price vs 50-day | -4.2% | 2.6% |
| Price vs 200-day | -14.4% | 16.1% |
| Volatility (1M, annualized) | 30.6% | 21.4% |
Risk
XLK is the more resilient| Metric | TMF | XLK |
|---|---|---|
| Beta | 0.52 | 1.75 |
| Sharpe ratio | -0.71 | 1.33 |
| Sortino ratio | -1.14 | 2.05 |
| Max drawdown | -32.4% | -16.1% |
| Current drawdown | -30.3% | -6.2% |
| Annualized volatility | 27.4% | 26.4% |
| Value at risk (95%) | -3% | -2.6% |
Straight answers
Each answer is regenerated from the current snapshot, not written once and left to age.
Which is better, TMF or XLK?
On the Algovestiq AIQ Score, XLK is the stronger of the two as of Sep 5, 2026, scoring 56 against TMF's 44. The edge comes from risk resilience and quality. This is a systematic score, not a recommendation: it ranks the two on the same evidence, it does not know your holding period or tax position.
Is TMF or XLK the better buy right now?
XLK carries the stronger systematic profile as of Sep 5, 2026, and the comparison is rated Competitive — 3 of 4 covered evidence groups agree. A Competitive rating means the two are close enough that your objective, not the score, should decide.
Why does the AIQ Score favor XLK over TMF?
The composite weights Quality at 30%, Value at 30%, Momentum at 25% and Risk Resilience at 15%. XLK leads Risk Resilience by 30 points; XLK leads Quality by 14 points; XLK leads Momentum by 12 points. Where the two split, the factor with the larger weight carries the result.
Which is better value, TMF or XLK?
Neither name separates on the peer-relative Value factor. The two are level on Value. The Value factor reads valuation relative to sector peers and to the company's own fundamental quality, so it is not the same as simply having the lower multiple.
Which has stronger growth, TMF or XLK?
Growth figures are not covered for both names. Growth here is measured on reported revenue and earnings, not on forward estimates — it describes what the businesses have delivered, not what the Street expects next.
Which has stronger momentum, TMF or XLK?
XLK on the Momentum factor, by 12 points. Momentum carries 25% of the AIQ composite. It has documented persistence over three- to twelve-month horizons, which makes it a timing input rather than a reason to hold something indefinitely.
Which is riskier, TMF or XLK?
XLK is the more resilient of the two, so the other name carries the higher downside risk. XLK on Risk Resilience, by 30 points. The Risk Resilience factor weights 15% of the composite; position sizing usually responds to it more usefully than the buy/avoid decision does.
Is TMF more profitable than XLK?
Margin data is not comparable for both names in the current snapshot.
Is XLK's lead over TMF getting stronger or weaker?
XLK lead: Weakening — the AIQ differential moved from 16 to 12 points over 30 sessions. This is measured from 120 daily comparison snapshots between 2026-04-22 and 2026-09-03. The lead has changed hands once in that window, most recently on 2026-06-30, when XLK moved ahead of TMF.
What would change the TMF vs XLK verdict?
The result is a state, not a forecast, so it changes when the underlying evidence changes. Concretely: TMF closes the Risk Resilience gap — currently 30 points behind, the largest single contributor to XLK's edge; TMF's Death Cross Active resolves — a bearish trend rule currently active against it; XLK's conflicting signal state resolves bearish — it currently carries 3 bullish and 1 bearish rules at once; the narrowing continues — the lead has already given back 4 points over 30 sessions, and a further 12-point move would eliminate XLK's advantage entirely.
What do the current signals say about TMF and XLK?
TMF: 1 bullish / 2 bearish / 1 neutral, conflicted. XLK: 3 bullish / 1 bearish, conflicted. A conflicted state means bullish and bearish rules are active on the same name at once — the technical evidence is not pointing one way, and a decision taken on it carries more timing risk. The most decision-relevant rule on TMF is Death Cross Active (bearish, long horizon). On XLK it is Golden Cross Active (bullish, long horizon).
Compare TMF and XLK with others
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality (30%), Value (30%), Momentum (25%) and Risk (15%). Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.