AIT vs. XLK
Compare and contrast key facts about Applied Industrial Technologies, Inc. (AIT) and State Street Technology Select Sector SPDR ETF (XLK).
XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.
Performance
AIT vs. XLK - Performance Comparison
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AIT vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 3.52% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -19.41% | 16.89% |
XLK State Street Technology Select Sector SPDR ETF | -7.57% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Returns By Period
In the year-to-date period, AIT achieves a 3.52% return, which is significantly higher than XLK's -7.57% return. Both investments have delivered pretty close results over the past 10 years, with AIT having a 21.44% annualized return and XLK not far behind at 20.82%.
AIT
- 1D
- 2.83%
- 1M
- -6.11%
- YTD
- 3.52%
- 6M
- 2.01%
- 1Y
- 18.61%
- 3Y*
- 24.10%
- 5Y*
- 24.48%
- 10Y*
- 21.44%
XLK
- 1D
- 4.24%
- 1M
- -4.10%
- YTD
- -7.57%
- 6M
- -5.44%
- 1Y
- 29.46%
- 3Y*
- 21.58%
- 5Y*
- 15.31%
- 10Y*
- 20.82%
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Return for Risk
AIT vs. XLK — Risk / Return Rank
AIT
XLK
AIT vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) 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.
| AIT | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 1.10 | -0.53 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.66 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.85 | -0.41 |
Martin ratioReturn relative to average drawdown | 3.06 | 5.98 | -2.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIT | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 1.10 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.62 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.86 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.36 | +0.06 |
Correlation
The correlation between AIT and XLK is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AIT vs. XLK - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.71%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.71% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
AIT vs. XLK - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIT and XLK.
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Drawdown Indicators
| AIT | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -82.05% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -15.92% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -33.56% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | -33.56% | -25.73% |
Current DrawdownCurrent decline from peak | -8.89% | -12.36% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -18.12% | -35.17% | +17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 4.93% | +1.12% |
Volatility
AIT vs. XLK - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) and State Street Technology Select Sector SPDR ETF (XLK) have volatilities of 8.46% and 8.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIT | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 8.06% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.24% | 16.43% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.05% | 27.02% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.65% | 24.72% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.21% | 24.33% | +8.88% |