^SPLRCT vs. AAPL
^SPLRCT (S&P 500 Information Technology Index) is an index, while AAPL (Apple Inc) is a stock. Over the past 10 years, ^SPLRCT returned 25.67%/yr vs 30.05%/yr for AAPL. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
^SPLRCT vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, ^SPLRCT achieves a 25.82% return, which is significantly higher than AAPL's 8.46% return. Over the past 10 years, ^SPLRCT has underperformed AAPL with an annualized return of 25.67%, while AAPL has yielded a comparatively higher 30.05% annualized return.
^SPLRCT
- 1D
- -1.52%
- 1M
- 6.50%
- YTD
- 25.82%
- 6M
- 25.56%
- 1Y
- 52.23%
- 3Y*
- 34.34%
- 5Y*
- 23.84%
- 10Y*
- 25.67%
AAPL
- 1D
- -0.91%
- 1M
- -4.70%
- YTD
- 8.46%
- 6M
- 8.26%
- 1Y
- 46.63%
- 3Y*
- 16.93%
- 5Y*
- 17.74%
- 10Y*
- 30.05%
^SPLRCT vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^SPLRCT S&P 500 Information Technology Index | 25.82% | 23.31% | 35.69% | 56.39% | -28.91% | 33.35% | 42.21% | 48.04% | -1.62% | 36.91% |
AAPL Apple Inc | 8.46% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between ^SPLRCT and AAPL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 1989 | 0.62 |
The correlation between ^SPLRCT and AAPL shifts across timeframes, from 0.43 (1 year) to 0.75 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
^SPLRCT vs. AAPL — Risk / Return Rank
^SPLRCT
AAPL
^SPLRCT vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Information Technology Index (^SPLRCT) and Apple Inc (AAPL). 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.
| ^SPLRCT | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.40 | -0.43 |
| Martin ratioReturn relative to average drawdown | 9.01 | 8.35 | +0.67 |
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Drawdowns
^SPLRCT vs. AAPL - Drawdown Comparison
The maximum ^SPLRCT drawdown since its inception was -82.51%, roughly equal to the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for ^SPLRCT and AAPL.
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Drawdown Indicators
| ^SPLRCT | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.51% | -81.80% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.41% | -13.80% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -26.91% | -33.36% | +6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.27% | -33.36% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -34.27% | -38.52% | +4.25% |
Current DrawdownCurrent decline from peak | -1.52% | -6.63% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -29.37% | -29.58% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 5.60% | +0.45% |
Volatility
^SPLRCT vs. AAPL - Volatility Comparison
The current volatility for S&P 500 Information Technology Index (^SPLRCT) is 6.20%, while Apple Inc (AAPL) has a volatility of 6.98%. This indicates that ^SPLRCT experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^SPLRCT | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 6.98% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.78% | 16.62% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.09% | 22.57% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.24% | 27.52% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 28.92% | -4.07% |
Frequently Asked Questions
^SPLRCT and AAPL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (6.98%) compared to ^SPLRCT (6.20%). In terms of maximum drawdown, ^SPLRCT dropped -82.51% vs AAPL's -81.80%.
^SPLRCT currently has the higher Sharpe Ratio (2.73 vs 2.08), 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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