^XCI vs. SPY
^XCI (ARCA Computer Technology Index) is an index, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ^XCI returned 27.00%/yr vs 15.53%/yr for SPY. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
^XCI vs. SPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ^XCI achieves a 13.47% return, which is significantly higher than SPY's 8.15% return. Over the past 10 years, ^XCI has outperformed SPY with an annualized return of 27.00%, while SPY has yielded a comparatively lower 15.53% annualized return.
^XCI
- 1D
- -2.93%
- 1M
- -2.92%
- YTD
- 13.47%
- 6M
- 12.60%
- 1Y
- 39.38%
- 3Y*
- 31.87%
- 5Y*
- 22.85%
- 10Y*
- 27.00%
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
^XCI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^XCI ARCA Computer Technology Index | 13.47% | 26.59% | 42.26% | 66.65% | -32.43% | 41.49% | 43.93% | 49.12% | -3.42% | 37.69% |
SPY State Street SPDR S&P 500 ETF | 8.15% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between ^XCI and SPY is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
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 Jan 29, 1993 | 0.79 |
The correlation between ^XCI and SPY has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^XCI vs. SPY — Risk / Return Rank
^XCI
SPY
^XCI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ARCA Computer Technology Index (^XCI) and State Street SPDR S&P 500 ETF (SPY). 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.
| ^XCI | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.67 | -0.57 |
| Martin ratioReturn relative to average drawdown | 6.41 | 11.92 | -5.51 |
Loading charts...
Drawdowns
^XCI vs. SPY - Drawdown Comparison
The maximum ^XCI drawdown since its inception was -77.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^XCI and SPY.
Loading charts...
Drawdown Indicators
| ^XCI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.19% | -55.19% | -22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.85% | -8.88% | -9.97% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -18.76% | -7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -37.04% | -24.50% | -12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -37.04% | -33.72% | -3.32% |
Current DrawdownCurrent decline from peak | -8.66% | -3.17% | -5.49% |
Average DrawdownAverage peak-to-trough decline | -25.25% | -9.04% | -16.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.16% | 1.98% | +4.18% |
Volatility
^XCI vs. SPY - Volatility Comparison
ARCA Computer Technology Index (^XCI) has a higher volatility of 9.42% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. This indicates that ^XCI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ^XCI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 4.87% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 9.85% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.33% | 12.50% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.91% | 17.15% | +8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 17.95% | +7.37% |
Frequently Asked Questions
^XCI and SPY have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^XCI has higher volatility (9.42%) compared to SPY (4.87%). In terms of maximum drawdown, ^XCI dropped -77.19% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.90 vs 1.86), 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.
Find the right allocation for ^XCI and SPY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer