IXN vs XLK: Grades, Fees and Holdings Compared

iShares Global Tech ETF

IXNBNYSE Arca

State Street Technology Select Sector SPDR ETF

XLKANYSE Arca

Overlap

77.1%by weight

Expense ratio

XLK −0.29pt a year

IXN0.37%XLK0.08%

Avg volume · 30D

XLK 21.3×the volume

IXN389KXLK8.28M

10Y return · a year

XLK +0.7pt

IXN+23.0%XLK+23.7%

IXN vs XLK Performance

Oct 29, 2021 – Oct 30, 2026

+130.1%IXN+130.6%XLK

Expense ratio: IXN 0.37%; XLK 0.08%, better
Fund size: IXN $8.91B; XLK $125B
1Y total return: IXN +23.1%, better; XLK +20.0%
Yield (12M): IXN 0.81%, better; XLK 0.47%
Holdings: IXN 142; XLK 78
Avg volume (30D): IXN 389K sh; XLK 8.28M sh, better
NAV per share: IXN $134.91; XLK $188.72
52W range

ETF.net Grade

Pillar letters and Scores for IXN, XLK, with each pillar’s weight
Pillar	IXN	XLK
Cost30% weight	B65	A98Higher
Mission25% weight	Not scored	A76
Risk15% weight	B62Higher	B61
Tradability15% weight	B55	A98Higher
Holdings10% weight	D30	C41Higher
Durability5% weight	A77	A82Higher

Rank among Technology (Broad) funds

How we build Categories ›

Same Category. IXN 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 IXN 11th of 23 funds in the Technology (Broad) Category.

Rank 1AXLKState Street Technology Select Sector SPDR ETFScore 82
Rank 2AFTECFidelity MSCI Information Technology Index ETFScore 78
Rank 10BTDIVFirst Trust NASDAQ Technology Dividend Index FundScore 59
Rank 11BIXNiShares Global Tech ETFScore 58
Rank 12BQTECFirst Trust NASDAQ-100-Technology Sector Index FundScore 55

Our read on each fund

ETF.net Research

IXNBiShares Global Tech ETF

XLKAState Street Technology Select Sector SPDR ETF

In short

IXN Most tech ETFs stop at the US border. IXN doesn't: it tracks a capped global technology index, so software, semiconductor and hardware companies listed outside America sit inside the mandate. 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

IXN The fund seeks to track an index of global technology-sector equities, providing global sector exposure with diversified access to software, semiconductor, and hardware companies worldwide.

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

Why people hold it

IXN Global by design: the index reaches technology listed worldwide, so foreign chipmakers and hardware names are part of the portfolio, not an afterthought.ishares.com
Trading since 2001, through the dot-com hangover and every tech cycle since, and now a multi-billion-dollar fund from one of the largest ETF shops.
The benchmark is a capped index (the 4.5/22.5/45 rule), a built-in brake on how much weight any single giant can carry.ishares.com
At 0.37% a year, the fee sits a touch under the median for broad technology ETFs, and it spreads across roughly 130 holdings.

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

IXN The US-only heavyweights undercut it badly on price: XLK, VGT and FTEC all charge under a tenth of a percent against 0.37% here.
Moderately traded rather than a household name at the screen, so trade size and limit orders matter more than with the biggest tech funds.
One sector, one storyline: tech names tend to move together, and the overseas holdings add currency movement on top.

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 IXN profile⁠

Full XLK profile⁠

IXN vs XLK Holdings

How IXN and XLK differ

Overlap by weight

77.1%

Shared holdings make up 99.9% of XLK and 77.1% of IXN.

Level by level

Sector5 Sectors0.0%
Holdings75 in both77.1%
Countryby domicile78.2%
Asset classEquity100%

Sector

Sector weights in IXN and XLK, widest gap first
Sector	More in IXNMore in XLK	IXN	XLK
Technology	XLK +99.9 points	0.0%	99.9%
Semiconductors & Semiconductor Equipment	IXN +47.7 points	47.7%	0.0%
Tech Hardware & Equip	IXN +28.1 points	28.1%	0.0%
Software & Services	IXN +24.2 points	24.2%	0.0%
Energy	XLK +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in IXN and XLK, widest gap first
Country	More in IXNMore in XLK	IXN	XLK
United States	XLK +21.2 points	78.2%	99.4%
Taiwan	IXN +6.7 points	6.7%	0.0%
South Korea	IXN +6.1 points	6.1%	0.0%
Japan	IXN +3.8 points	3.8%	0.0%
Netherlands	IXN +2.7 points	2.7%	0.0%
Germany	IXN +1.2 points	1.2%	0.0%
Canada	IXN +1.2 points	1.2%	0.0%
Other countries (2)	XLK +0.6 points	0.0%	0.6%

Outside the US: IXN 41% developed, 59% emerging.

Concentration

Weight in the 10 largest Holdings

IXN60.2%
XLK64.6%

Securities held

IXN129
XLK76

Asset class

IXN: Equity
XLK: Equity

Holdings

Only in IXN54
In both75
Only in XLK1

Only in IXN

54 securities, 22.6% of IXN by weight

Taiwan Semiconductor Manufacturing4.52%
Samsung Electronics Ltd3.03%
Sk Hynix2.56%
Asml Holding2.49%
Sap0.91%
Shopify Subordinate Voting Class A0.77%
Mediatek0.76%
Advantest0.66%
Tokyo Electron0.57%
Samsung Electronics Non Voting Pre0.42%
Kioxia Holdings0.40%
Keyence0.37%
Hon Hai Precision Industry0.36%
Delta Electronics0.33%
Murata Manufacturing0.30%
Infineon Technologies AG0.30%
Ase Technology Holding0.28%
Xiaomi0.22%
Constellation Software0.20%
Nokia0.19%
Elite Material0.19%
Fujitsu0.18%
Asm International NV0.17%
Nec0.16%
United Micro Electronics Corp0.16%
Celestica0.14%
Ibiden Ltd0.13%
Renesas Electronics Corp0.13%
Tdk0.13%
Disco Corp0.13%
Ericsson B0.12%
Stmicroelectronics0.12%
Kyocera0.11%
Fujifilm Holdings0.10%
Canon0.10%
Hexagon Class B0.09%
Capgemini0.08%
Lasertec0.08%
Dassault Systemes0.07%
Halma PLC0.07%
Nomura Research Institute0.06%
Cgi Inc Class A0.06%
Screen Holdings Ltd0.06%
Logitech International0.05%
The Sage Group0.05%
Be Semiconductor Industries NV0.05%
Obic Ltd0.05%
Xero0.03%
Ricoh0.03%
Omron0.03%

Only in XLK

1 security, 0.0% of XLK by weight

Xak Technology DEC26<0.01%

Weight gaps

All 75 Holdings in both funds, largest gap first.

Holding weights in IXN and XLK, widest gap first
Holding	More in IXNMore in XLK	IXN	XLK
NVIDIANVDA	XLK +1.90 points	13.08%	14.98%
AppleAAPL	XLK +1.88 points	12.88%	14.76%
MicrosoftMSFT	XLK +1.45 points	9.96%	11.41%
Advanced Micro DevicesAMD	XLK +1.31 points	3.54%	4.85%
Intel CorporationINTC	XLK +0.93 points	1.75%	2.68%
Palantir Technologies Class APLTR	XLK +0.92 points	1.73%	2.65%
Cisco Systems IncCSCO	XLK +0.87 points	1.64%	2.51%
Applied Material IncAMAT	XLK +0.68 points	1.28%	1.96%
Lam ResearchLRCX	XLK +0.65 points	1.22%	1.87%
Palo Alto NetworksPANW	XLK +0.63 points	1.19%	1.82%
Broadcom IncAVGO	XLK +0.61 points	4.15%	4.76%
Texas InstrumentTXN	XLK +0.58 points	1.09%	1.67%
Crowdstrike Holdings Class ACRWD	XLK +0.54 points	1.02%	1.56%
International Business Machines CoIBM	XLK +0.50 points	0.93%	1.43%
OracleORCL	XLK +0.50 points	0.92%	1.42%
KlaKLAC	XLK +0.44 points	0.84%	1.28%
Analog DevicesADI	XLK +0.43 points	0.81%	1.24%
Amphenol Corp Class AAPH	XLK +0.42 points	0.77%	1.19%
QualcommQCOM	XLK +0.40 points	0.76%	1.16%
SandiskSNDK	XLK +0.40 points	0.74%	1.14%
Arista NetworksANET	XLK +0.39 points	0.74%	1.13%
Marvell TechnologyMRVL	XLK +0.39 points	0.73%	1.12%
SalesforceCRM	XLK +0.39 points	0.72%	1.11%
Seagate Technology Holdings PLCSTX	XLK +0.32 points	0.61%	0.93%
Accenture PLC Class AACN	XLK +0.31 points	0.58%	0.89%
Dell Technologies Inc Class CDELL	XLK +0.29 points	0.55%	0.84%
Western Digital CorpWDC	XLK +0.29 points	0.55%	0.84%
ServicenowNOW	XLK +0.24 points	0.43%	0.67%
CorningGLW	XLK +0.21 points	0.39%	0.60%
Adobe IncADBE	XLK +0.20 points	0.38%	0.58%
Cadence Design SystemsCDNS	XLK +0.19 points	0.36%	0.55%
SynopsysSNPS	XLK +0.19 points	0.36%	0.55%
IntuitINTU	XLK +0.18 points	0.35%	0.53%
Datadog Inc Class ADDOG	XLK +0.18 points	0.34%	0.52%
FortinetFTNT	XLK +0.17 points	0.33%	0.50%
Motorola Solutions IncMSI	XLK +0.17 points	0.31%	0.48%
Lumentum HoldingsLITE	XLK +0.17 points	0.31%	0.48%
Hewlett Packard EnterpriseHPE	XLK +0.16 points	0.30%	0.46%
Nxp Semiconductors NVNXPI	XLK +0.13 points	0.26%	0.39%
Te Connectivity PLCTEL	XLK +0.13 points	0.25%	0.38%
Monolithic Power Systems IncMPWR	XLK +0.12 points	0.23%	0.35%
Keysight TechnologiesKEYS	XLK +0.11 points	0.22%	0.33%
AutodeskADSK	XLK +0.10 points	0.20%	0.30%
CienaCIEN	XLK +0.10 points	0.19%	0.29%
TeradyneTER	XLK +0.09 points	0.18%	0.27%
CoherentCOHR	XLK +0.09 points	0.18%	0.27%
Everpure Inc Class AP	XLK +0.10 points	0.17%	0.27%
Roper TechnologiesROP	XLK +0.09 points	0.17%	0.26%
Microchip Technology IncMCHP	XLK +0.09 points	0.17%	0.26%
Netapp IncNTAP	XLK +0.09 points	0.16%	0.25%
Workday Class AWDAY	XLK +0.08 points	0.15%	0.23%
Flex LtdFLEX	XLK +0.07 points	0.13%	0.20%
Teledyne TechnologiesTDY	XLK +0.06 points	0.12%	0.18%
JabilJBL	XLK +0.06 points	0.12%	0.18%
Hp IncHPQ	XLK +0.06 points	0.11%	0.17%
On Semiconductor CorpON	XLK +0.06 points	0.11%	0.17%
Cognizant Technology Solutions ClaCTSH	XLK +0.06 points	0.11%	0.17%
Qnity ElectronicsQ	XLK +0.05 points	0.10%	0.15%
VerisignVRSN	XLK +0.05 points	0.10%	0.15%
PtcPTC	XLK +0.04 points	0.08%	0.12%
CdwCDW	XLK +0.04 points	0.08%	0.12%
F5FFIV	XLK +0.04 points	0.08%	0.12%
Skyworks SolutionsSWKS	XLK +0.04 points	0.08%	0.12%
Super Micro Computer IncSMCI	XLK +0.04 points	0.07%	0.11%
First SolarFSLR	XLK +0.04 points	0.07%	0.11%
Zebra Technologies Corp Class AZBRA	XLK +0.03 points	0.07%	0.10%
Fair IsaacFICO	XLK +0.03 points	0.06%	0.09%
Trimble IncTRMB	XLK +0.03 points	0.06%	0.09%
Gen DigitalGEN	XLK +0.03 points	0.06%	0.09%
Tyler TechnologiesTYL	XLK +0.03 points	0.05%	0.08%
Akamai Technologies IncAKAM	XLK +0.03 points	0.05%	0.08%
GartnerIT	XLK +0.03 points	0.05%	0.08%
Godaddy Class AGDDY	XLK +0.03 points	0.05%	0.08%
Micron TechnologyMU	XLK +0.02 points	4.04%	4.06%
Twilio Class ATWLO	XLK +0.01 points	0.14%	0.15%

All 130 IXN 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.

IXN vs XLK Cost

Overpaying IXN vs XLK

$5,824

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

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

Amount$10,000

Years30 years

Cost over time

IXN 0.37%
XLK 0.08%
Overpaying

Year by year

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

Expense ratio

0.37%IXN
0.08%XLK, cheaper

XLK0.08%IXN0.37%

0.08%1.00%

Middle half of Technology (Broad) funds
Median 0.45%

XLK cheapest of 23 funds

IXN 7th cheapest of 23 funds

IXN vs XLK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IXN 0.81%, better; XLK 0.47%
Payout (12M): IXN $1.10; XLK $0.83
Last payment: IXN $0.17; XLK $0.22
Ex-dividend: IXN Jun 15, 2026; XLK Sep 21, 2026
Paid on: IXN Jun 18, 2026; XLK Sep 23, 2026
Frequency: IXN Twice a year; XLK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IXNTwice a year · 20 paymentsAll IXN payments⁠

XLKQuarterly · 39 paymentsAll XLK payments⁠

IXN vs XLK Risk

Fall from peak · 5 years

Risk facts

VolatilityStd dev, 3 years: IXN 23.9%XLK 23.6%, better
Return per unit of riskSharpe ratio, 3 years: IXN 1.15, betterXLK 1.07
Worst fallMax drawdown, 5 years: IXN −36.3%XLK −33.6%, better
Market sensitivityBeta, 5 years: IXN 1.37XLK 1.35; Market = 1

IXN 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, 2026IXNXLK
Closing Bell
S&P 500 falls 0.5% as tech losses outweigh oil’s 7% drop
7 hours agoXLK
Closing Bell
Chip woes drag Nazdaq, S&P 500 to worst day since June
Oct 30, 2026XLK
Closing Bell
Alphabet falls 12.6% - dragging SPY into negative territory for the day
Oct 29, 2026XLK
Closing Bell
Fed holds rates, stocks rise a third day as long yields climb
Oct 28, 2026XLK
Closing Bell
Boeing plummets 10.7%, but Chip stocks lift S&P 500 on Broadcom deal
Oct 27, 2026XLK

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IXN vs XLK

In short

Stated mandate

Why people hold it