^NYA vs. XLK
^NYA (NYSE Composite) is an index, while XLK (State Street Technology Select Sector SPDR ETF) is Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. Over the past 10 years, ^NYA returned 8.71%/yr vs 25.48%/yr for XLK. A 0.74 correlation means they provide meaningful diversification when combined.
Performance
^NYA vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, ^NYA achieves a 6.63% return, which is significantly lower than XLK's 28.25% return. Over the past 10 years, ^NYA has underperformed XLK with an annualized return of 8.71%, while XLK has yielded a comparatively higher 25.48% annualized return.
^NYA
- 1D
- -0.56%
- 1M
- 1.02%
- YTD
- 6.63%
- 6M
- 5.92%
- 1Y
- 17.27%
- 3Y*
- 14.90%
- 5Y*
- 7.22%
- 10Y*
- 8.71%
XLK
- 1D
- -4.14%
- 1M
- 2.23%
- YTD
- 28.25%
- 6M
- 26.51%
- 1Y
- 52.47%
- 3Y*
- 30.61%
- 5Y*
- 21.34%
- 10Y*
- 25.48%
^NYA vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^NYA NYSE Composite | 6.63% | 15.22% | 13.32% | 10.99% | -11.53% | 18.17% | 4.40% | 22.32% | -11.20% | 15.84% |
XLK State Street Technology Select Sector SPDR ETF | 28.25% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Correlation
The correlation between ^NYA and XLK is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.74 |
Over the past year, the correlation between ^NYA and XLK has dropped to 0.52 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
^NYA vs. XLK — Risk / Return Rank
^NYA
XLK
^NYA vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) and State Street Technology Select Sector SPDR ETF (XLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| ^NYA | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.31 | -1.21 |
| Martin ratioReturn relative to average drawdown | 7.76 | 10.56 | -2.80 |
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Drawdowns
^NYA vs. XLK - Drawdown Comparison
The maximum ^NYA drawdown since its inception was -59.01%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ^NYA and XLK.
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Drawdown Indicators
| ^NYA | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.01% | -82.05% | +23.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.26% | -15.92% | +7.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.21% | -25.66% | +10.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -33.56% | +11.19% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -33.56% | -4.55% |
Current DrawdownCurrent decline from peak | -1.01% | -6.96% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -9.85% | -34.90% | +25.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 4.98% | -2.75% |
Volatility
^NYA vs. XLK - Volatility Comparison
The current volatility for NYSE Composite (^NYA) is 3.43%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 12.51%. This indicates that ^NYA experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^NYA | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 12.51% | -9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 19.70% | -10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 23.48% | -12.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 25.37% | -10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 24.71% | -7.86% |
Frequently Asked Questions
^NYA and XLK have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLK has higher volatility (12.51%) compared to ^NYA (3.43%). In terms of maximum drawdown, ^NYA dropped -59.01% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (2.25 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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