At a glance
- Energy funds drew $2.8 billion in October and $12.1 billion year-to-date.
- XLK and XLE each charge 8 bps, so a two-fund technology-and-energy position carries the same fee on both legs.
- XLK ranked last of the 11 sector SPDRs in trailing price performance and XLP first, with the tech fund down nearly 14%, as Private Wealth Daily previously reported.
Technology sector funds took in $7.4 billion in October, lifting 2026 inflows to $66.5 billion, according to State Street research summarized by ETF Trends.
Energy funds drew $2.8 billion in October and $12.1 billion year-to-date. October's tech inflow was about 2.6 times energy's, and the year-to-date lead is roughly 5.5 times. State Street Global Advisors issues the two sector SPDRs, XLK and XLE.
XLK and XLE each charge 8 bps, so a two-fund technology-and-energy position carries the same fee on both legs. For an advisor choosing a single-sector satellite or a paired sleeve, that removes cost as a tiebreaker and leaves the allocation call on the sector view. Both funds are plain-vanilla, cap-weighted sector ETFs, so the exposure comes without a covered-call overlay.
XLK ranked last of the 11 sector SPDRs in trailing price performance and XLP first, with the tech fund down nearly 14%, as Private Wealth Daily previously reported. October's larger inflow therefore went to the sector with the weakest trailing return ranking.
Matthew Bartolini, State Street's global head of research, said leadership in one theme does not foreclose another. "A monoculture doesn't mean that all other cultural topics and trends disappear," he said. Energy's overlap with technology is power demand from AI infrastructure. ETF Trends said part of energy's 2026 run also reflected the Iran war, a factor outside the technology comparison.
A monoculture doesn't mean that all other cultural topics and trends disappear.Matthew Bartolini, global head of research at State Street
Reported by The Tape desk from ETF Trends. Published . Corrections