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^XCI vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

^XCI vs. ^GSPC

Last updated Jun 4, 2026

^XCI (ARCA Computer Technology Index) and ^GSPC (S&P 500 Index) are both indexes. Over the past 10 years, ^XCI returned 27.48%/yr vs 13.66%/yr for ^GSPC. Their correlation of 0.80 suggests significant overlap in exposure.

Performance

^XCI vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ARCA Computer Technology Index (^XCI) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^XCI achieves a 22.61% return, which is significantly higher than ^GSPC's 10.35% return. Over the past 10 years, ^XCI has outperformed ^GSPC with an annualized return of 27.48%, while ^GSPC has yielded a comparatively lower 13.66% annualized return.

^XCI

1D
-1.30%
1M
13.40%
YTD
22.61%
6M
21.61%
1Y
54.93%
3Y*
36.34%
5Y*
25.82%
10Y*
27.48%

^GSPC

1D
-0.74%
1M
4.90%
YTD
10.35%
6M
10.28%
1Y
26.52%
3Y*
20.83%
5Y*
12.30%
10Y*
13.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^XCI vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^XCI
ARCA Computer Technology Index		22.61%26.59%42.26%66.65%-32.43%41.49%43.93%49.12%-3.42%37.69%
^GSPC
S&P 500 Index		10.35%16.39%23.31%24.23%-19.44%26.89%16.26%28.88%-6.24%19.42%

Correlation

The correlation between ^XCI and ^GSPC is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.88

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Aug 16, 1983

0.80

The correlation between ^XCI and ^GSPC has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

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ARCA Computer Technology Index

S&P 500 Index

Often compared with ^XCI:
^XCI vs. QQQ^XCI vs. VGT^XCI vs. igm^XCI vs. XLK^XCI vs. SMH^XCI vs. VOO^XCI vs. TMFC
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

^XCI vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^XCI
^XCI Risk / Return Rank: 7979
Overall Rank
^XCI Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
^XCI Sortino Ratio Rank: 8888
Sortino Ratio Rank
^XCI Omega Ratio Rank: 8686
Omega Ratio Rank
^XCI Calmar Ratio Rank: 7272
Calmar Ratio Rank
^XCI Martin Ratio Rank: 6060
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7373
Overall Rank
^GSPC Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7171
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7272
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 6767
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8181
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.

^XCI vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ARCA Computer Technology Index (^XCI) and S&P 500 Index (^GSPC). 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.

^XCI^GSPCDifference
Sharpe ratioReturn per unit of total volatility
2.81
2.24

+0.57

Sortino ratioReturn per unit of downside risk
3.57
3.07

+0.49

Omega ratioGain probability vs. loss probability

1.45

1.41

+0.05

Calmar ratioReturn relative to maximum drawdown

2.93

2.93

0.00

Martin ratioReturn relative to average drawdown

9.26

13.52

-4.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^XCI vs. ^GSPC - Sharpe Ratio Comparison

The current ^XCI Sharpe Ratio is 2.81, which is comparable to the ^GSPC Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of ^XCI and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^XCI^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

2.24

+0.57

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.73

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.10

0.76

+0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.47

-0.06

Drawdowns

^XCI vs. ^GSPC - Drawdown Comparison

The maximum ^XCI drawdown since its inception was -77.19%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^XCI and ^GSPC.

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Drawdown Indicators

^XCI^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-77.19%

-56.78%

-20.41%

Max Drawdown (1Y)

Largest decline over 1 year

-18.85%

-9.10%

-9.75%

Max Drawdown (3Y)

Largest decline over 3 years

-26.74%

-18.90%

-7.84%

Max Drawdown (5Y)

Largest decline over 5 years

-37.04%

-25.43%

-11.61%

Max Drawdown (10Y)

Largest decline over 10 years

-37.04%

-33.92%

-3.12%

Current Drawdown

Current decline from peak

-1.30%

-0.74%

-0.56%

Average Drawdown

Average peak-to-trough decline

-31.26%

-10.72%

-20.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.95%

1.97%

+3.98%

Volatility

^XCI vs. ^GSPC - Volatility Comparison

ARCA Computer Technology Index (^XCI) has a higher volatility of 5.70% compared to S&P 500 Index (^GSPC) at 2.93%. This indicates that ^XCI's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^XCI^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.70%

2.93%

+2.77%

Volatility (6M)

Calculated over the trailing 6-month period

15.15%

8.99%

+6.16%

Volatility (1Y)

Calculated over the trailing 1-year period

19.67%

11.89%

+7.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.65%

16.90%

+8.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.19%

18.06%

+7.13%

Frequently Asked Questions

^XCI and ^GSPC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^XCI has higher volatility (5.70%) compared to ^GSPC (2.93%). In terms of maximum drawdown, ^XCI dropped -77.19% vs ^GSPC's -56.78%.

^XCI currently has the higher Sharpe Ratio (2.81 vs 2.24), 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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