XLK vs SPY
Comparison between THE TECHNOLOGY SELECT SECTOR SPDR FUND (XLK, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceXLK has outperformed SPY, delivering a return of +21.3% compared to +13.3%
XLK vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XLK
$84B
Winner
SPY
$652B
Expense Ratio
Winner
XLK
0.08%
SPY
0.09%
Max Drawdown
XLK
82.05%
Winner
SPY
56.47%
Sharpe Ratio
Winner
XLK
2.30
SPY
2.07
5Y Beta
XLK
1.42
Winner
SPY
1.00
P/E Ratio
XLK
37.17
Winner
SPY
28.24
Forward P/E
XLK
22.34
Winner
SPY
21.85
PEG Ratio
XLK
0.53
SPY
N/A
5Y Dividends CAGR
XLK
5.31%
Winner
SPY
5.43%
5Y EPS CAGR
Winner
XLK
34.25%
SPY
25.79%
Debt to Equity
XLK
43.45%
Winner
SPY
22.35%
P/S Ratio
XLK
7.28
Winner
SPY
3.55
P/B Ratio
XLK
9.09
Winner
SPY
5.29
XLK vs SPY - Holdings Comparison
XLK and SPY have 74 common holdings. Overlap is 35.42%
XLK's top 25 holdings weight is 83.51%. SPY's top 25 holdings weight is 51.32%.
| Rank | XLK | SPY |
|---|---|---|
| #1 | NVIDIA CORP (NVDA) - 15.95% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | APPLE INC (AAPL) - 12.24% | APPLE INC (AAPL) - 6.48% |
| #3 | MICROSOFT CORP (MSFT) - 9.82% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | BROADCOM INC (AVGO) - 5.84% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | MICRON TECHNOLOGY INC (MU) - 4.26% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | ADVANCED MICRO DEVICES INC (AMD) - 3.95% | BROADCOM INC (AVGO) - 3.09% |
| #7 | INTEL CORP (INTC) - 2.98% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | CISCO SYSTEMS INC (CSCO) - 2.57% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | n/a (PLTR) - 2.42% | TESLA INC (TSLA) - 1.73% |
| #10 | LAM RESEARCH CORP (LRCX) - 2.35% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | APPLIED MATERIALS INC (AMAT) - 2.27% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ORACLE CORP (ORCL) - 2.11% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | TEXAS INSTRUMENTS INC (TXN) - 1.80% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | KLA CORP (KLAC) - 1.78% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.63% | WALMART INC (WMT) - 0.91% |
| #16 | ANALOG DEVICES INC (ADI) - 1.40% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | AMPHENOL CORP CLASS A (APH) - 1.33% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ARISTA NETWORKS INC (ANET) - 1.28% | VISA INC CLASS A (V) - 0.85% |
| #19 | SALESFORCE INC (CRM) - 1.27% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | QUALCOMM INC (QCOM) - 1.20% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | SANDISK CORP ORDINARY SHARES (SNDK) - 1.11% | INTEL CORP (INTC) - 0.65% |
| #22 | PALO ALTO NETWORKS INC (PANW) - 1.10% | NETFLIX INC (NFLX) - 0.64% |
| #23 | WESTERN DIGITAL CORP (WDC) - 0.99% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.95% | CHEVRON CORP (CVX) - 0.58% |
| #25 | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 0.91% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 76 | 505 |
XLK vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
XLK
+23.88%
SPY
+9.11%
3M
Winner
XLK
+22.59%
SPY
+6.59%
6M
Winner
XLK
+22.15%
SPY
+10.56%
1Y
Winner
XLK
+62.03%
SPY
+32.04%
5Y(CAGR)
Winner
XLK
+21.26%
SPY
+13.35%
10Y(CAGR)
Winner
XLK
+24.95%
SPY
+15.49%
Max(CAGR)
Winner
XLK
+9.53%
SPY
+8.50%
XLK vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XLK | SPY |
|---|---|---|
| 2026 | +21.78% | +8.27% |
| 2025 | +24.89% | +18.00% |
| 2024 | +24.90% | +25.59% |
| 2023 | +57.51% | +26.72% |
| 2022 | -28.41% | -18.64% |
| 2021 | +36.98% | +30.52% |
| 2020 | +40.97% | +17.28% |
| 2019 | +49.76% | +31.09% |
| 2018 | -2.86% | -5.24% |
| 2017 | +33.07% | +20.78% |
| 2016 | +16.54% | +13.59% |
| 2015 | +5.69% | +1.31% |
| 2014 | +19.01% | +14.56% |
| 2013 | +22.18% | +29.00% |
| 2012 | +13.69% | +14.17% |
| 2011 | +1.48% | +0.85% |
| 2010 | +9.77% | +13.14% |
| 2009 | +45.83% | +22.67% |
| 2008 | -40.31% | -36.25% |
| 2007 | +15.10% | +5.32% |
| 2006 | +10.55% | +13.85% |
| 2005 | +0.54% | +5.32% |
| 2004 | +5.13% | +10.75% |
| 2003 | +31.57% | +24.18% |
| 2002 | -39.68% | -22.42% |
| 2001 | -18.64% | -10.13% |
| 2000 | -43.52% | -8.84% |
| 1999 | +26.96% | +8.61% |
XLK vs SPY Drawdown Comparison
The maximum drawdown for XLK was -82.05%, occurring on Oct 9, 2002. Recovery took 4255 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | XLK | SPY |
|---|---|---|
| #1 | -82.05% Mar 27, 2000 - Feb 24, 2017 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -33.56% Dec 27, 2021 - Jun 15, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.15% Feb 19, 2020 - Jun 9, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -25.66% Feb 19, 2025 - Jun 12, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.77% Oct 3, 2018 - Apr 3, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -16.97% Jul 10, 2024 - Nov 7, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.93% Oct 29, 2025 - Apr 16, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.70% Sep 2, 2020 - Dec 8, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.72% Jan 3, 2000 - Feb 10, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.94% Jul 18, 2023 - Nov 14, 2023 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.46% Apr 24, 2019 - Jun 20, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.38% Jan 26, 2018 - Feb 26, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.43% Mar 12, 2018 - Jun 1, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.21% Feb 12, 2021 - Apr 7, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.61% Mar 12, 2024 - May 15, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between XLK and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
XLK vs SPY dividend yield comparison.
| Year | XLK | SPY |
|---|---|---|
| 2026 | 0.10% | 0.24% |
| 2025 | 0.54% | 1.07% |
| 2024 | 0.66% | 1.21% |
| 2023 | 0.76% | 1.40% |
| 2022 | 1.04% | 1.65% |
| 2021 | 0.65% | 1.20% |
| 2020 | 0.92% | 1.52% |
| 2019 | 1.16% | 1.75% |
| 2018 | 1.60% | 2.04% |
| 2017 | 1.37% | 1.80% |
| 2016 | 1.74% | 2.03% |
| 2015 | 1.79% | 2.06% |
| 2014 | 1.75% | 1.87% |
| 2013 | 1.70% | 1.81% |
| 2012 | 1.74% | 2.18% |
| 2011 | 1.51% | 2.05% |
| 2010 | 1.28% | 1.80% |
| 2009 | 1.37% | 1.95% |
| 2008 | 1.46% | 3.02% |
| 2007 | 0.72% | 1.85% |
| 2006 | 1.16% | 1.73% |
| 2005 | 0.71% | 1.73% |
| 2004 | 1.98% | 1.82% |
| 2003 | 0.69% | 1.47% |
| 2002 | 0.28% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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