NVMI vs. XLK

Last updated Apr 2, 2026

Compare and contrast key facts about Nova Ltd (NVMI) 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

NVMI vs. XLK - Performance Comparison

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

NVMI vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NVMI Nova Ltd	35.74%	66.74%	43.35%	68.21%	-44.25%	107.51%	86.62%	66.07%	-12.08%	96.88%
XLK State Street Technology Select Sector SPDR ETF	-6.18%	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, NVMI achieves a 35.74% return, which is significantly higher than XLK's -6.18% return. Over the past 10 years, NVMI has outperformed XLK with an annualized return of 45.61%, while XLK has yielded a comparatively lower 21.00% annualized return.

NVMI

• 1D: 2.64%
• 1M: -0.55%
• YTD: 35.74%
• 6M: 34.54%
• 1Y: 141.08%
• 3Y*: 62.19%
• 5Y*: 36.06%
• 10Y*: 45.61%

XLK

• 1D: 1.51%
• 1M: -3.20%
• YTD: -6.18%
• 6M: -4.94%
• 1Y: 30.47%
• 3Y*: 22.19%
• 5Y*: 15.65%
• 10Y*: 21.00%

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

Return for Risk

NVMI vs. XLK — Risk / Return Rank

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

NVMI

NVMI Risk / Return Rank: 93
NVMI Sharpe Ratio Rank: 94
NVMI Sortino Ratio Rank: 90
NVMI Omega Ratio Rank: 88
NVMI Calmar Ratio Rank: 96
NVMI Martin Ratio Rank: 96

XLK

XLK Risk / Return Rank: 65
XLK Sharpe Ratio Rank: 62
XLK Sortino Ratio Rank: 65
XLK Omega Ratio Rank: 63
XLK Calmar Ratio Rank: 73
XLK Martin Ratio Rank: 62

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.

NVMI vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nova Ltd (NVMI) 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.

	NVMI	XLK	Difference
Sharpe ratio Return per unit of total volatility	2.59	1.13	+1.46
Sortino ratio Return per unit of downside risk	2.85	1.71	+1.15
Omega ratio Gain probability vs. loss probability	1.37	1.24	+0.13
Calmar ratio Return relative to maximum drawdown	6.58	1.97	+4.60
Martin ratio Return relative to average drawdown	18.16	6.31	+11.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NVMI vs. XLK - Sharpe Ratio Comparison

The current NVMI Sharpe Ratio is 2.59, which is higher than the XLK Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of NVMI and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NVMI	XLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	1.13	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.64	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.08	0.87	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.36	-0.16

Correlation

The correlation between NVMI and XLK is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NVMI vs. XLK - Dividend Comparison

NVMI has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.57%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NVMI Nova Ltd	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	0.57%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Drawdowns

NVMI vs. XLK - Drawdown Comparison

The maximum NVMI drawdown since its inception was -98.22%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for NVMI and XLK.

Drawdown Indicators

	NVMI	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-98.22%	-82.05%	-16.17%
Max Drawdown (1Y) Largest decline over 1 year	-21.56%	-15.92%	-5.64%
Max Drawdown (5Y) Largest decline over 5 years	-52.76%	-33.56%	-19.20%
Max Drawdown (10Y) Largest decline over 10 years	-52.76%	-33.56%	-19.20%
Current Drawdown Current decline from peak	-10.43%	-11.04%	+0.61%
Average Drawdown Average peak-to-trough decline	-52.11%	-35.17%	-16.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.81%	4.98%	+2.83%

Volatility

NVMI vs. XLK - Volatility Comparison

Nova Ltd (NVMI) has a higher volatility of 16.24% compared to State Street Technology Select Sector SPDR ETF (XLK) at 8.12%. This indicates that NVMI'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

	NVMI	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.24%	8.12%	+8.12%
Volatility (6M) Calculated over the trailing 6-month period	37.97%	16.49%	+21.48%
Volatility (1Y) Calculated over the trailing 1-year period	54.77%	27.05%	+27.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.11%	24.72%	+21.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.46%	24.33%	+18.13%