IP vs. XLK
IP (International Paper Company) 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, IP returned 2.48%/yr vs 25.62%/yr for XLK. At a 0.42 correlation, their price movements are largely independent.
Performance
IP vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -11.84% return, which is significantly lower than XLK's 34.34% return. Over the past 10 years, IP has underperformed XLK with an annualized return of 2.48%, while XLK has yielded a comparatively higher 25.62% annualized return.
IP
- 1D
- 1.44%
- 1M
- 7.92%
- YTD
- -11.84%
- 6M
- -11.25%
- 1Y
- -24.93%
- 3Y*
- 8.57%
- 5Y*
- -7.13%
- 10Y*
- 2.48%
XLK
- 1D
- -1.56%
- 1M
- 16.63%
- YTD
- 34.34%
- 6M
- 33.10%
- 1Y
- 64.08%
- 3Y*
- 33.46%
- 5Y*
- 23.44%
- 10Y*
- 25.62%
IP vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | -11.84% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 13.83% | 19.47% | -27.72% | 13.13% |
XLK State Street Technology Select Sector SPDR ETF | 34.34% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Correlation
The correlation between IP and XLK is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 1998 | 0.42 |
Over the past year, the correlation between IP and XLK has dropped to 0.13 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
IP vs. XLK — Risk / Return Rank
IP
XLK
IP vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.43 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.49 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 4.04 | -4.59 |
| Martin ratioReturn relative to average drawdown | -1.01 | 13.55 | -14.56 |
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
| IP | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | 3.09 | -3.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.95 | -1.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 1.05 | -0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.41 | -0.22 |
Drawdowns
IP vs. XLK - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IP and XLK.
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Drawdown Indicators
| IP | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -82.05% | -8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -15.92% | -29.60% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -25.66% | -22.95% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -33.56% | -15.05% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | -33.56% | -21.71% |
Current DrawdownCurrent decline from peak | -39.85% | -2.54% | -37.31% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -34.95% | +14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.72% | 4.74% | +19.98% |
Volatility
IP vs. XLK - Volatility Comparison
International Paper Company (IP) has a higher volatility of 11.07% compared to State Street Technology Select Sector SPDR ETF (XLK) at 7.27%. This indicates that IP'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.
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Volatility by Period
| IP | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.07% | 7.27% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 30.93% | 16.76% | +14.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.60% | 20.86% | +19.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 24.90% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.11% | 24.49% | +7.62% |
Dividends
IP vs. XLK - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.46%, more than XLK's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.46% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
XLK State Street Technology Select Sector SPDR ETF | 0.40% | 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
IP and XLK have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (11.07%) compared to XLK (7.27%). In terms of maximum drawdown, IP dropped -90.62% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (3.09 vs -0.62), 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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