LAB vs. XLK
LAB (Standard Biotools 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 3 years, LAB returned -28.78%/yr vs 28.08%/yr for XLK. At a 0.28 correlation, their price movements are largely independent.
Performance
LAB vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, LAB achieves a -33.69% return, which is significantly lower than XLK's 26.22% return.
LAB
- 1D
- -7.58%
- 1M
- -4.38%
- 6M
- -43.79%
- YTD
- -33.69%
- 1Y
- -35.70%
- 3Y*
- -28.78%
- 5Y*
- —
- 10Y*
- —
XLK
- 1D
- -2.42%
- 1M
- -1.79%
- 6M
- 23.80%
- YTD
- 26.22%
- 1Y
- 42.45%
- 3Y*
- 28.08%
- 5Y*
- 19.72%
- 10Y*
- 24.50%
LAB vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LAB Standard Biotools Inc | -33.69% | -26.86% | -20.81% | 88.89% | -71.11% |
XLK State Street Technology Select Sector SPDR ETF | 26.22% | 24.61% | 21.63% | 56.02% | -22.32% |
Correlation
The correlation between LAB and XLK is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.28 |
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Return for Risk
LAB vs. XLK — Risk / Return Rank
LAB
XLK
LAB vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Standard Biotools Inc (LAB) 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.
| LAB | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.30 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 2.68 | -3.31 |
| Martin ratioReturn relative to average drawdown | -1.22 | 8.10 | -9.32 |
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Drawdowns
LAB vs. XLK - Drawdown Comparison
The maximum LAB drawdown since its inception was -81.87%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for LAB and XLK.
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Drawdown Indicators
| LAB | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.87% | -82.05% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -56.30% | -15.92% | -40.38% |
Max Drawdown (3Y)Largest decline over 3 years | -75.93% | -25.66% | -50.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -79.04% | -8.43% | -70.61% |
Average DrawdownAverage peak-to-trough decline | -56.80% | -34.85% | -21.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.24% | 5.25% | +23.99% |
Volatility
LAB vs. XLK - Volatility Comparison
Standard Biotools Inc (LAB) has a higher volatility of 20.50% compared to State Street Technology Select Sector SPDR ETF (XLK) at 11.01%. This indicates that LAB'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
| LAB | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.50% | 11.01% | +9.49% |
Volatility (6M)Calculated over the trailing 6-month period | 54.60% | 20.77% | +33.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.88% | 24.43% | +43.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.12% | 25.56% | +56.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.12% | 24.79% | +57.33% |
Dividends
LAB vs. XLK - Dividend Comparison
LAB has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LAB Standard Biotools Inc | 0.00% | 0.00% | 0.00% | 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 | 0.44% | 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
LAB and XLK have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LAB has higher volatility (20.50%) compared to XLK (11.01%). In terms of maximum drawdown, LAB dropped -81.87% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (1.75 vs -0.53), 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.
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