DELL vs. XLK

Last updated Jun 13, 2026

DELL (Dell Technologies Inc.) is a stock, 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 5 years, DELL returned 52.50%/yr vs 22.02%/yr for XLK. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

DELL vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dell Technologies Inc. (DELL) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DELL achieves a 216.60% return, which is significantly higher than XLK's 28.52% return.

DELL

• 1D: 1.05%
• 1M: 63.47%
• YTD: 216.60%
• 6M: 206.61%
• 1Y: 266.54%
• 3Y*: 104.49%
• 5Y*: 52.50%
• 10Y*: —

XLK

• 1D: 0.87%
• 1M: 4.85%
• YTD: 28.52%
• 6M: 28.96%
• 1Y: 55.42%
• 3Y*: 30.28%
• 5Y*: 22.02%
• 10Y*: 25.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DELL vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DELL Dell Technologies Inc.	216.60%	11.22%	52.97%	95.85%	-26.63%	51.21%	42.62%	5.16%	14.50%
XLK State Street Technology Select Sector SPDR ETF	28.52%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	1.52%

Correlation

The correlation between DELL and XLK is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 21, 2018	0.57

The correlation between DELL and XLK has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.

Return for Risk

DELL vs. XLK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DELL

DELL Risk / Return Rank: 96
DELL Sharpe Ratio Rank: 98
DELL Sortino Ratio Rank: 97
DELL Omega Ratio Rank: 96
DELL Calmar Ratio Rank: 97
DELL Martin Ratio Rank: 95

XLK

XLK Risk / Return Rank: 76
XLK Sharpe Ratio Rank: 85
XLK Sortino Ratio Rank: 76
XLK Omega Ratio Rank: 78
XLK Calmar Ratio Rank: 75
XLK Martin Ratio Rank: 68

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.

DELL vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dell Technologies Inc. (DELL) 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.

	DELL	XLK	Difference
Sharpe ratio: Return per unit of total volatility	3.89	2.37	+1.51
Sortino ratio: Return per unit of downside risk	4.57	2.92	+1.65
Omega ratio: Gain probability vs. loss probability	1.56	1.39	+0.17
Calmar ratio: Return relative to maximum drawdown	7.91	3.36	+4.55
Martin ratio: Return relative to average drawdown	17.63	10.85	+6.78

DELL vs. XLK - Sharpe Ratio Comparison

The current DELL Sharpe Ratio is 3.89, which is higher than the XLK Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of DELL and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DELL vs. XLK - Drawdown Comparison

The maximum DELL drawdown since its inception was -59.59%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for DELL and XLK.

Drawdown Indicators

	DELL	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-59.59%	-82.05%	+22.46%
Max Drawdown (1Y) Largest decline over 1 year	-32.34%	-15.92%	-16.42%
Max Drawdown (3Y) Largest decline over 3 years	-59.59%	-25.66%	-33.93%
Max Drawdown (5Y) Largest decline over 5 years	-59.59%	-33.56%	-26.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-15.11%	-6.77%	-8.34%
Average Drawdown Average peak-to-trough decline	-18.48%	-34.93%	+16.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.49%	4.92%	+9.57%

Volatility

DELL vs. XLK - Volatility Comparison

Dell Technologies Inc. (DELL) has a higher volatility of 36.55% compared to State Street Technology Select Sector SPDR ETF (XLK) at 10.86%. This indicates that DELL's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DELL	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.55%	10.86%	+25.69%
Volatility (6M) Calculated over the trailing 6-month period	54.73%	18.92%	+35.81%
Volatility (1Y) Calculated over the trailing 1-year period	65.88%	22.55%	+43.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.86%	25.18%	+25.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.99%	24.64%	+23.35%

Dividends

DELL vs. XLK - Dividend Comparison

DELL's dividend yield for the trailing twelve months is around 0.56%, more than XLK's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DELL Dell Technologies Inc.	0.56%	1.60%	1.48%	1.88%	2.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLK State Street Technology Select Sector SPDR ETF	0.41%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both DELL and XLK in my portfolio?

DELL and XLK have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DELL or XLK?

DELL has higher volatility (36.55%) compared to XLK (10.86%). In terms of maximum drawdown, DELL dropped -59.59% vs XLK's -82.05%.

Which has better risk-adjusted returns?

DELL currently has the higher Sharpe Ratio (3.89 vs 2.37), 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.