GOOG vs. XLK

Last updated Jun 9, 2026

GOOG (Alphabet 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 10 years, GOOG returned 26.05%/yr vs 25.04%/yr for XLK. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

GOOG vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alphabet Inc (GOOG) 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, GOOG achieves a 15.25% return, which is significantly lower than XLK's 28.09% return. Both investments have delivered pretty close results over the past 10 years, with GOOG having a 26.05% annualized return and XLK not far behind at 25.04%.

GOOG

• 1D: -1.20%
• 1M: -8.98%
• YTD: 15.25%
• 6M: 15.01%
• 1Y: 107.32%
• 3Y*: 43.67%
• 5Y*: 23.94%
• 10Y*: 26.05%

XLK

• 1D: 2.15%
• 1M: 4.93%
• YTD: 28.09%
• 6M: 25.10%
• 1Y: 55.42%
• 3Y*: 31.33%
• 5Y*: 22.26%
• 10Y*: 25.04%

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

GOOG vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOOG Alphabet Inc	15.25%	65.42%	35.62%	58.83%	-38.67%	65.17%	31.03%	29.10%	-1.03%	35.58%
XLK State Street Technology Select Sector SPDR ETF	28.09%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	34.26%

Correlation

The correlation between GOOG and XLK is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Apr 4, 2014	0.70

Over the past year, the correlation between GOOG and XLK has dropped to 0.42 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

GOOG vs. XLK — Risk / Return Rank

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

GOOG

GOOG Risk / Return Rank: 96
GOOG Sharpe Ratio Rank: 97
GOOG Sortino Ratio Rank: 98
GOOG Omega Ratio Rank: 96
GOOG Calmar Ratio Rank: 93
GOOG Martin Ratio Rank: 95

XLK

XLK Risk / Return Rank: 77
XLK Sharpe Ratio Rank: 86
XLK Sortino Ratio Rank: 76
XLK Omega Ratio Rank: 79
XLK Calmar Ratio Rank: 76
XLK Martin Ratio Rank: 69

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.

GOOG vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.

	GOOG	XLK	Difference
Sharpe ratio: Return per unit of total volatility	3.76	2.53	+1.23
Sortino ratio: Return per unit of downside risk	5.15	3.06	+2.10
Omega ratio: Gain probability vs. loss probability	1.61	1.42	+0.19
Calmar ratio: Return relative to maximum drawdown	5.20	3.50	+1.70
Martin ratio: Return relative to average drawdown	18.68	11.58	+7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOOG vs. XLK - Sharpe Ratio Comparison

The current GOOG Sharpe Ratio is 3.76, which is higher than the XLK Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of GOOG 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.

Sharpe Ratios by Period

	GOOG	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.76	2.53	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.89	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	1.02	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.41	+0.41

Drawdowns

GOOG vs. XLK - Drawdown Comparison

The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for GOOG and XLK.

Drawdown Indicators

	GOOG	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-44.60%	-82.05%	+37.45%
Max Drawdown (1Y) Largest decline over 1 year	-20.75%	-15.92%	-4.83%
Max Drawdown (3Y) Largest decline over 3 years	-29.35%	-25.66%	-3.69%
Max Drawdown (5Y) Largest decline over 5 years	-44.60%	-33.56%	-11.04%
Max Drawdown (10Y) Largest decline over 10 years	-44.60%	-33.56%	-11.04%
Current Drawdown Current decline from peak	-9.44%	-7.08%	-2.36%
Average Drawdown Average peak-to-trough decline	-8.89%	-34.95%	+26.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	4.80%	+0.97%

Volatility

GOOG vs. XLK - Volatility Comparison

The current volatility for Alphabet Inc (GOOG) is 8.43%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 10.42%. This indicates that GOOG experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOOG	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	10.42%	-1.99%
Volatility (6M) Calculated over the trailing 6-month period	20.50%	18.32%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	28.74%	22.08%	+6.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.14%	25.10%	+6.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.02%	24.60%	+4.42%

Dividends

GOOG vs. XLK - Dividend Comparison

GOOG's dividend yield for the trailing twelve months is around 0.29%, less than XLK's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOOG Alphabet Inc	0.29%	0.26%	0.32%	0.00%	0.00%	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 GOOG and XLK in my portfolio?

GOOG and XLK have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOOG or XLK?

XLK has higher volatility (10.42%) compared to GOOG (8.43%). In terms of maximum drawdown, GOOG dropped -44.60% vs XLK's -82.05%.

Which has better risk-adjusted returns?

GOOG currently has the higher Sharpe Ratio (3.76 vs 2.53), 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.