IGM vs XLK: Grades, Fees and Holdings Compared

iShares Expanded Tech Sector ETF

IGMBNYSE Arca

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

74.8%by weight

Expense ratio

XLK −0.29pt a year

IGM0.37%XLK0.08%

Avg volume · 30D

XLK 24.7×the volume

IGM336KXLK8.32M

10Y return · a year

XLK +0.9pt

IGM+23.6%XLK+24.5%

IGM vs XLK Performance

Oct 28, 2021 – Oct 28, 2026

+132.8%IGM+146.4%XLK

Expense ratio: IGM 0.37%; XLK 0.08%, better
Fund size: IGM $10.9B; XLK $123B
1Y total return: IGM +21.7%; XLK +27.1%, better
Yield (12M): IGM 0.14%; XLK 0.44%, better
Holdings: IGM 295; XLK 77
Avg volume (30D): IGM 336K sh; XLK 8.32M sh, better
NAV per share: IGM $159.31; XLK $186.31
52W range

ETF.net Grade

Pillar letters and Scores for IGM, XLK, with each pillar’s weight
Pillar	IGM	XLK
Cost30% weight	B65	A98Higher
Mission25% weight	A84Higher	A76
Risk15% weight	B66Higher	B56
Tradability15% weight	A70	A98Higher
Holdings10% weight	B59Higher	C41
Durability5% weight	A79	A82Higher

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. IGM and XLK are both graded against the same 23 Technology (Broad) funds, so their Grades compare head to head.

Technology (Broad)⁠

Category · 23 funds

See all 23 ›

XLK ranks 1st and IGM 5th of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 80
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 77
Rank 4BRSPTInvesco S&P 500 Equal Weight Technology ETFScore 68
Rank 5BIGMiShares Expanded Tech Sector ETFScore 65
Rank 5BXNTKState Street SPDR NYSE Technology ETFScore 65

Our read on each fund

ETF.net Research

IGMBiShares Expanded Tech Sector ETF

XLKAState Street Technology Select Sector SPDR ETF

In short

IGM Tech with the fence moved. IGM's index reaches past the classic tech sector to add selected communication-services names and Canadian listings, holding about 300 stocks. It has been running since 2001.

XLK A 1998 original: XLK owns the technology slice of the S&P 500, about 70 names, for eight basis points. Big, heavily traded, and top-heavy by design, with quarterly caps the only brake on the giants at the top.

Stated mandate

IGM The fund seeks to track an index of U.S. and Canadian technology companies together with selected communication-services companies.

XLK The fund seeks to track the price and yield performance of the Technology Select Sector Index before expenses.

Why people hold it

IGM The "expanded" part is the whole point: the index pairs U.S. and Canadian technology companies with selected communication-services names, so internet and media businesses that pure tech-sector funds exclude are in the mix.ishares.com
About 300 holdings across two countries, a wider net than sector funds drawn only from the S&P 500.
Launched in March 2001, it is one of the long-running names in tech ETFs, now a multi-billion-dollar fund that trades actively.
Tracking has been tight: the portfolio has stayed close to the S&P North American Expanded Technology Sector Index it promises, and it is among the stronger implementations in the broad tech group.

XLK Costs 0.08% a year against a roughly 0.40% median for broad tech funds, tying FTEC as the cheapest of the category's top-rated names and undercutting VGT's 0.09%.
One of the largest and most actively traded funds in the tech aisle, so entering or exiting rarely means fighting the order book.
Running since December 1998 and dead simple: the tech sector of the S&P 500, spanning software, semiconductors, hardware, communications equipment and IT services. Pays quarterly.ssga.com

Worth knowing

IGM Fees are the trade-off. At 0.37% it sits just under the broad-tech median, but plain tech trackers VGT, XLK and FTEC charge under 0.10% for a narrower mandate.
This is one slice of the market: North American tech plus some communication services, and nothing else. When that corner moves, the whole fund moves with it.
Distributions come quarterly, but a growth-sector equity basket is built around the companies, not the payout.

XLK Top-heavy by construction. About 70 stocks, and the index only trims its biggest weights at quarterly rebalances to stay inside fund diversification limits.spglobal.com
The universe is S&P 500 tech only. Smaller tech companies outside the big index are out, and the Select Sector funds split the S&P 500 up, so some familiar names sit in other sector funds.ssga.com
It is one sector with no ballast from the rest of the market, so a tech drawdown lands here in full.

Full IGM profile⁠

Full XLK profile⁠

IGM vs XLK Holdings

Holdings as of Oct 28, 2026 for IGM and Oct 27, 2026 for XLK

How IGM and XLK differ

Overlap by weight

74.8%

Shared holdings make up 100% of XLK and 77.4% of IGM.

Level by level

Holdings75 in both74.8%
Sector7 Sectors84.9%
Countryby domicile97.7%
Asset classEquity100%

Sector

Sector weights in IGM and XLK, widest gap first
Sector	More in IGMMore in XLK	IGM	XLK
Technology	XLK +15.1 points	84.8%	99.9%
Communication	IGM +14.8 points	14.8%	0.0%
Financials	IGM +0.2 points	0.2%	0.0%
Industrials	IGM +0.1 points	0.1%	0.0%
Consumer Discretionary	Same weight	0.0%	0.0%
Energy	Same weight	0.1%	0.1%
Materials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in IGM and XLK, widest gap first
Country	More in IGMMore in XLK	IGM	XLK
United States	XLK +2.0 points	96.3%	98.3%
Canada	IGM +1.3 points	1.3%	0.0%
Singapore	IGM +0.7 points	0.7%	0.0%
Other countries (5)	Same weight	1.7%	1.7%

Concentration

Weight in the 10 largest Holdings

IGM56.7%
XLK64.7%

Securities held

IGM293
XLK75

Asset class

IGM: Equity
XLK: Equity

Holdings

Only in IGM218
In both75
Only in XLK0

Only in IGM

218 securities, 22.5% of IGM by weight

Alphabet Class A4.57%
Meta Platforms Class A4.27%
Alphabet Class C3.66%
Netflix1.18%
Shopify Subordinate Voting Class A0.91%
Snowflake0.53%
Cloudflare Class A0.48%
Applovin Class A0.32%
Strategy Inc Class A0.23%
Astera Labs0.20%
Okta Class A0.17%
Roblox Class A0.17%
Take Two Interactive Software0.16%
Atlassian Corp Class A0.16%
Celestica0.16%
Mongodb Class A0.14%
Credo Technology Group Holding Ltd0.13%
Zscaler0.12%
Zoom Communications Class A0.12%
Coreweave Class A0.10%
Entegris Inc0.10%
Rubrik Class A0.10%
Td Synnex0.09%
Reddit Class A0.09%
Nutanix Class A0.09%
Dynatrace Inc0.08%
Macom Technology Solutions0.08%
Circle Internet Group Inc Class A0.07%
Samsara Class A0.07%
Docusign0.07%
Lattice Semiconductor0.07%
Cgi Inc Class A0.07%
Unity Software0.07%
Mks0.07%
Guidewire Software0.06%
Manhattan Associates0.06%
Semtech0.06%
Ionq0.06%
Bitmine Immersion Technologies0.06%
Hubspot0.06%
Fabrinet0.06%
Sitime0.05%
Arrow Electronics0.05%
Onto Innovation0.05%
Digitalocean Holdings0.05%
Match Group Inc0.05%
Cognex0.04%
Littelfuse0.04%
Viasat Inc0.04%
Elastic0.04%

Only in XLK

0 securities, 0.0% of XLK by weight

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in IGM and XLK, widest gap first
Holding	More in IGMMore in XLK	IGM	XLK
NVIDIANVDA	XLK +7.06 points	8.28%	15.34%
AppleAAPL	XLK +5.37 points	9.36%	14.73%
Broadcom IncAVGO	IGM +2.47 points	7.07%	4.60%
MicrosoftMSFT	XLK +2.42 points	9.19%	11.61%
Palantir Technologies Class APLTR	XLK +0.64 points	2.08%	2.72%
Cisco Systems IncCSCO	XLK +0.58 points	2.00%	2.58%
Intel CorporationINTC	XLK +0.55 points	2.12%	2.67%
Advanced Micro DevicesAMD	XLK +0.45 points	4.16%	4.61%
Palo Alto NetworksPANW	XLK +0.40 points	1.49%	1.89%
Applied Material IncAMAT	XLK +0.40 points	1.43%	1.83%
Lam ResearchLRCX	XLK +0.40 points	1.37%	1.77%
International Business Machines CoIBM	XLK +0.35 points	1.07%	1.42%
Crowdstrike Holdings Class ACRWD	XLK +0.34 points	1.24%	1.58%
Texas InstrumentTXN	XLK +0.34 points	1.28%	1.62%
SalesforceCRM	XLK +0.31 points	0.90%	1.21%
OracleORCL	XLK +0.26 points	1.03%	1.29%
Marvell TechnologyMRVL	XLK +0.25 points	0.97%	1.22%
QualcommQCOM	XLK +0.24 points	0.90%	1.14%
KlaKLAC	XLK +0.25 points	0.91%	1.16%
Accenture PLC Class AACN	XLK +0.25 points	0.65%	0.90%
ServicenowNOW	XLK +0.24 points	0.73%	0.97%
Analog DevicesADI	XLK +0.24 points	0.94%	1.18%
Amphenol Corp Class AAPH	XLK +0.22 points	0.88%	1.10%
SandiskSNDK	XLK +0.22 points	0.87%	1.09%
Arista NetworksANET	XLK +0.21 points	0.89%	1.10%
Seagate Technology Holdings PLCSTX	XLK +0.18 points	0.69%	0.87%
Adobe IncADBE	XLK +0.16 points	0.45%	0.61%
FortinetFTNT	XLK +0.15 points	0.52%	0.67%
Dell Technologies Inc Class CDELL	XLK +0.15 points	0.69%	0.84%
CorningGLW	XLK +0.14 points	0.46%	0.60%
IntuitINTU	XLK +0.14 points	0.41%	0.55%
Western Digital CorpWDC	XLK +0.14 points	0.62%	0.76%
Datadog Inc Class ADDOG	XLK +0.13 points	0.43%	0.56%
Motorola Solutions IncMSI	XLK +0.12 points	0.36%	0.48%
SynopsysSNPS	XLK +0.11 points	0.41%	0.52%
Cadence Design SystemsCDNS	XLK +0.10 points	0.43%	0.53%
Hewlett Packard EnterpriseHPE	XLK +0.09 points	0.37%	0.46%
Micron TechnologyMU	IGM +0.10 points	4.07%	3.97%
Lumentum HoldingsLITE	XLK +0.08 points	0.35%	0.43%
AutodeskADSK	XLK +0.08 points	0.23%	0.31%
Nxp Semiconductors NVNXPI	XLK +0.08 points	0.29%	0.37%
Te Connectivity PLCTEL	XLK +0.07 points	0.30%	0.37%
Monolithic Power Systems IncMPWR	XLK +0.07 points	0.27%	0.34%
Keysight TechnologiesKEYS	XLK +0.07 points	0.26%	0.33%
Roper TechnologiesROP	XLK +0.06 points	0.20%	0.26%
Workday Class AWDAY	XLK +0.06 points	0.19%	0.25%
TeradyneTER	XLK +0.06 points	0.23%	0.29%
CienaCIEN	XLK +0.05 points	0.23%	0.28%
Netapp IncNTAP	XLK +0.06 points	0.20%	0.26%
Everpure Inc Class AP	XLK +0.05 points	0.21%	0.26%
Cognizant Technology Solutions ClaCTSH	XLK +0.05 points	0.14%	0.19%
CoherentCOHR	XLK +0.05 points	0.21%	0.26%
Microchip Technology IncMCHP	XLK +0.04 points	0.20%	0.24%
Hp IncHPQ	XLK +0.05 points	0.14%	0.19%
Teledyne TechnologiesTDY	XLK +0.04 points	0.14%	0.18%
F5FFIV	XLK +0.04 points	0.12%	0.16%
VerisignVRSN	XLK +0.04 points	0.11%	0.15%
JabilJBL	XLK +0.03 points	0.14%	0.17%
On Semiconductor CorpON	XLK +0.03 points	0.14%	0.17%
CdwCDW	XLK +0.03 points	0.09%	0.12%
PtcPTC	XLK +0.03 points	0.10%	0.13%
Flex LtdFLEX	XLK +0.03 points	0.14%	0.17%
Qnity ElectronicsQ	XLK +0.03 points	0.11%	0.14%
Zebra Technologies Corp Class AZBRA	XLK +0.03 points	0.08%	0.11%
Skyworks SolutionsSWKS	XLK +0.02 points	0.09%	0.11%
GartnerIT	XLK +0.03 points	0.06%	0.09%
Fair IsaacFICO	XLK +0.02 points	0.07%	0.09%
Tyler TechnologiesTYL	XLK +0.02 points	0.07%	0.09%
First SolarFSLR	XLK +0.02 points	0.09%	0.11%
Godaddy Class AGDDY	XLK +0.02 points	0.06%	0.08%
Trimble IncTRMB	XLK +0.02 points	0.07%	0.09%
Super Micro Computer IncSMCI	XLK +0.02 points	0.09%	0.11%
Akamai Technologies IncAKAM	XLK +0.01 points	0.07%	0.08%
Gen DigitalGEN	XLK +0.02 points	0.06%	0.08%
Twilio Class ATWLO	IGM +0.02 points	0.18%	0.16%

All 293 IGM holdings⁠All 75 XLK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IGM vs XLK Cost

Overpaying IGM vs XLK

$5,824

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IGM 0.37%
$7,513
XLK 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

IGM 0.37%
XLK 0.08%
Overpaying

Year by year

Year	IGM	XLK	Overpaying
10	$670	$147	$523
20	$2,590	$575	$2,015
30	$7,513	$1,689	$5,824

Expense ratio

0.37%IGM
0.08%XLK, cheaper

XLK0.08%IGM0.37%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

XLK cheapest of 23 funds

IGM 7th cheapest of 23 funds

IGM vs XLK Dividends

Last 12 months to Oct 28, 2026

Yield (12M): IGM 0.14%; XLK 0.44%, better
Payout (12M): IGM $0.22; XLK $0.83
Last payment: IGM $0.05; XLK $0.22
Ex-dividend: IGM Sep 15, 2026; XLK Sep 21, 2026
Paid on: IGM Sep 18, 2026; XLK Sep 23, 2026
Frequency: IGM Quarterly; XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IGMQuarterly · 39 paymentsAll IGM payments⁠

XLKQuarterly · 39 paymentsAll XLK payments⁠

IGM vs XLK Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IGM 22.2%, betterXLK 22.7%
Return per unit of riskSharpe ratio, 3 years: IGM 1.40, betterXLK 1.23
Worst fallMax drawdown, 5 years: IGM −40.7%XLK −33.6%, better
Market sensitivityBeta, 5 years: IGM 1.40XLK 1.35; Market = 1

IGM and XLK in the news

All news⁠

Deep Dive
An equal-weight technology ETF beat the cap-weighted fund by 9.3 percentage points
Sep 28, 2026IGMXLK
Closing Bell
Fed holds rates, stocks rise a third day as long yields climb
18 hours agoXLK
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026XLK
Closing Bell
Brazil ETF EWZ falls 19.8% as Lula win drives Ibovespa’s worst day since 2020
Oct 26, 2026XLK
Category Review
Equal-weight technology beat the biggest tech funds this year
Updated Oct 26, 2026XLK
The Big Picture
The 10-year yield fell to 5%, and it was not cooler inflation
Oct 24, 2026XLK

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IGM vs XLK

In short

Stated mandate

Why people hold it