PERI vs. XLC

Last updated Jun 5, 2026

PERI (Perion Network Ltd.) is a stock, while XLC (Communication Services Select Sector SPDR Fund) is Communications Equities fund tracking the S&P Communication Services Select Sector Index. Over the past 5 years, PERI returned -13.46%/yr vs 8.48%/yr for XLC. At a 0.43 correlation, their price movements are largely independent.

Performance

PERI vs. XLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Perion Network Ltd. (PERI) and Communication Services Select Sector SPDR Fund (XLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PERI achieves a -15.14% return, which is significantly lower than XLC's -3.61% return.

PERI

• 1D: 0.99%
• 1M: -24.79%
• YTD: -15.14%
• 6M: -19.50%
• 1Y: -24.09%
• 3Y*: -35.86%
• 5Y*: -13.46%
• 10Y*: 7.87%

XLC

• 1D: 0.92%
• 1M: -2.18%
• YTD: -3.61%
• 6M: -1.69%
• 1Y: 11.98%
• 3Y*: 22.67%
• 5Y*: 8.48%
• 10Y*: —

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

PERI vs. XLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PERI Perion Network Ltd.	-15.14%	13.11%	-72.56%	22.02%	5.20%	88.92%	104.66%	139.23%	-21.21%
XLC Communication Services Select Sector SPDR Fund	-3.61%	23.08%	34.71%	52.82%	-37.63%	15.96%	26.90%	31.05%	-16.88%

Correlation

The correlation between PERI and XLC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 20, 2018	0.43

The correlation between PERI and XLC shifts across timeframes, from 0.36 (3 years) to 0.47 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PERI vs. XLC — Risk / Return Rank

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

PERI

PERI Risk / Return Rank: 13
PERI Sharpe Ratio Rank: 15
PERI Sortino Ratio Rank: 16
PERI Omega Ratio Rank: 16
PERI Calmar Ratio Rank: 11
PERI Martin Ratio Rank: 6

XLC

XLC Risk / Return Rank: 26
XLC Sharpe Ratio Rank: 26
XLC Sortino Ratio Rank: 26
XLC Omega Ratio Rank: 24
XLC Calmar Ratio Rank: 25
XLC Martin Ratio Rank: 28

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.

PERI vs. XLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Perion Network Ltd. (PERI) and Communication Services Select Sector SPDR Fund (XLC). 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.

	PERI	XLC	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	0.91	-1.53
Sortino ratio: Return per unit of downside risk	-0.70	1.39	-2.08
Omega ratio: Gain probability vs. loss probability	0.91	1.16	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.82	1.14	-1.96
Martin ratio: Return relative to average drawdown	-1.48	3.80	-5.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PERI vs. XLC - Sharpe Ratio Comparison

The current PERI Sharpe Ratio is -0.62, which is lower than the XLC Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of PERI and XLC, 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

	PERI	XLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	0.91	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.41	-0.66
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	0.54	-0.60

Drawdowns

PERI vs. XLC - Drawdown Comparison

The maximum PERI drawdown since its inception was -95.14%, which is greater than XLC's maximum drawdown of -46.65%. Use the drawdown chart below to compare losses from any high point for PERI and XLC.

Drawdown Indicators

	PERI	XLC	Difference
Max Drawdown Largest peak-to-trough decline	-95.14%	-46.65%	-48.49%
Max Drawdown (1Y) Largest decline over 1 year	-29.57%	-10.57%	-19.00%
Max Drawdown (3Y) Largest decline over 3 years	-80.65%	-17.97%	-62.68%
Max Drawdown (5Y) Largest decline over 5 years	-83.08%	-46.65%	-36.43%
Max Drawdown (10Y) Largest decline over 10 years	-83.08%	—	—
Current Drawdown Current decline from peak	-81.56%	-5.50%	-76.06%
Average Drawdown Average peak-to-trough decline	-56.40%	-10.59%	-45.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.35%	3.16%	+13.19%

Volatility

PERI vs. XLC - Volatility Comparison

Perion Network Ltd. (PERI) has a higher volatility of 19.40% compared to Communication Services Select Sector SPDR Fund (XLC) at 3.81%. This indicates that PERI's price experiences larger fluctuations and is considered to be riskier than XLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PERI	XLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.40%	3.81%	+15.59%
Volatility (6M) Calculated over the trailing 6-month period	28.52%	9.61%	+18.91%
Volatility (1Y) Calculated over the trailing 1-year period	38.82%	13.29%	+25.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.67%	20.67%	+33.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.84%	22.20%	+36.64%

Dividends

PERI vs. XLC - Dividend Comparison

PERI has not paid dividends to shareholders, while XLC's dividend yield for the trailing twelve months is around 1.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
PERI Perion Network Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLC Communication Services Select Sector SPDR Fund	1.23%	1.13%	0.99%	0.82%	1.10%	0.74%	0.68%	0.82%	0.64%

Frequently Asked Questions

Can I hold both PERI and XLC in my portfolio?

PERI and XLC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PERI or XLC?

PERI has higher volatility (19.40%) compared to XLC (3.81%). In terms of maximum drawdown, PERI dropped -95.14% vs XLC's -46.65%.

Which has better risk-adjusted returns?

XLC currently has the higher Sharpe Ratio (0.91 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.