XLK+SOXX

Asset Allocation

Position	Category/Sector	Target Weight
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	50%
SOXX iShares Semiconductor ETF	Semiconductors, Technology Equities	50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for XLK+SOXX

Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in XLK+SOXX, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

Loading charts...

Returns By Period

As of Jun 20, 2026, the XLK+SOXX returned 70.83% Year-To-Date and 31.33% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.00%	-0.71%	8.39%	8.57%	24.33%	18.94%	12.24%	13.54%
Portfolio XLK+SOXX	5.08%	13.25%	70.83%	71.00%	117.29%	44.34%	29.84%	31.33%
Portfolio components:
SOXX iShares Semiconductor ETF	6.62%	21.93%	112.57%	113.52%	185.39%	56.81%	36.05%	36.48%
XLK State Street Technology Select Sector SPDR ETF	3.04%	7.19%	33.14%	32.76%	60.08%	31.17%	22.86%	25.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 13, 2001, XLK+SOXX's average daily return is +0.07%, while the average monthly return is +1.35%. At this rate, an investment would double in approximately 4.3 years.

Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +30.3%, while the worst month was Sep 2001 at -23.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, XLK+SOXX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +15.9%, while the worst single day was Mar 16, 2020 at -14.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	7.46%	-0.73%	-5.56%	30.30%	21.70%	6.94%							70.83%
2025	0.24%	-3.36%	-8.97%	-0.30%	10.71%	13.25%	2.16%	1.02%	9.13%	9.88%	-3.98%	1.22%	32.59%
2024	2.22%	7.96%	2.45%	-5.52%	8.22%	6.67%	-3.93%	-0.55%	1.33%	-3.44%	2.01%	-0.09%	17.48%
2023	12.63%	0.98%	9.79%	-3.70%	12.15%	6.30%	4.05%	-3.08%	-6.70%	-3.28%	14.45%	8.20%	61.59%
2022	-9.22%	-3.04%	1.68%	-13.16%	2.72%	-13.57%	14.98%	-7.75%	-12.64%	5.04%	12.44%	-9.17%	-31.41%
2021	1.20%	3.99%	1.85%	2.35%	0.76%	6.00%	2.24%	3.02%	-5.20%	7.31%	7.96%	2.95%	39.54%

Benchmark Metrics

XLK+SOXX has an annualized alpha of 5.86%, beta of 1.24, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since July 13, 2001.

This portfolio captured 163.80% of S&P 500 Index gains and 125.22% of its losses - amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 5.86% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 5.86%

Beta: 1.24

R²: 0.73

Upside Capture: 163.80%

Downside Capture: 125.22%

See how alpha, beta & R² have trended over time →

Expense Ratio

XLK+SOXX has an expense ratio of 0.21%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

SOXX

iShares Semiconductor ETF

XLK

State Street Technology Select Sector SPDR ETF

Return for Risk

Risk / Return Rank

XLK+SOXX ranks 95 for risk / return — in the top 95% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for XLK+SOXX and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	3.84	1.94	+1.90
Sortino ratioReturn per unit of downside risk	4.11	2.65	+1.46
Omega ratioGain probability vs. loss probability	1.58	1.35	+0.23
Calmar ratioReturn relative to maximum drawdown	8.22	2.66	+5.56
Martin ratioReturn relative to average drawdown	29.85	11.86	+17.98

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
SOXX iShares Semiconductor ETF	96	4.80	4.58	1.65	11.72	42.40
XLK State Street Technology Select Sector SPDR ETF	75	2.59	3.14	1.42	3.75	12.01

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current XLK+SOXX Sharpe ratio is 3.84 as of Jun 20, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.66 to 2.57, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of XLK+SOXX compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

XLK+SOXX provided a 0.31% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.31%	0.56%	0.66%	0.77%	1.15%	0.64%	0.87%	1.19%	1.49%	1.13%	1.41%	1.54%
Portfolio components:
SOXX iShares Semiconductor ETF	0.23%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
XLK State Street Technology Select Sector SPDR ETF	0.40%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the XLK+SOXX. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the XLK+SOXX was 62.29%, occurring on Oct 9, 2002. Recovery took 2375 trading sessions.

Related event	Drawdown	Fall	Recovery	Underwater
Dot-com crash2000–2002	-62.29%Oct 2002	1y 2mo	9y 5mo	10y 7moAug 2001 - Mar 2012
Bear market2022	-39.82%Oct 2022	9mo 20d	9mo 7d	1y 6moDec 2021 - Jul 2023
2025 selloff2025	-33.10%Apr 2025	9mo 1d	2mo 26d	11mo 27dJul 2024 - Jul 2025
COVID crash2020	-32.34%Mar 2020	29d	2mo 17d	3mo 16dFeb 2020 - Jun 2020
Rate-hike selloffLate 2018	-23.46%Dec 2018	3mo 26d	2mo 27d	6mo 23dAug 2018 - Mar 2019

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.03	1.02	1.02	1.03	1.03

The portfolio has a diversification ratio of 1.03, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

XLK+SOXX correlation to the S&P 500 Index

XLK+SOXX has a 0.79 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jul 13, 2001	0.83

Benchmark Correlations

Correlation vs. S&P 500 Index. XLK has the highest benchmark correlation at 0.88, while SOXX has the lowest at 0.76.

SOXX

0.76

XLK

0.88

Portfolio Correlations

Correlation vs. XLK+SOXX. SOXX has the highest portfolio correlation at 0.98, while XLK has the lowest at 0.94.

XLK

0.94

SOXX

0.98

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	SOXX	XLK
SOXX	1.00	0.85
XLK	0.85	1.00

The correlation results are calculated based on daily price changes starting from Jul 13, 2001

Diversification Analysis

Find what XLK+SOXX is missing

See which holdings overlap, where XLK+SOXX is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification