PRSD vs. XLK
PRSD (State Street Short Duration IG Public & Private Credit ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - PRSD is a Short-Term Bond fund actively managed by State Street, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. PRSD is actively managed, while XLK is passively managed. At a 0.11 correlation, their price movements are largely independent. PRSD charges 0.45%/yr vs 0.08%/yr for XLK.
Performance
PRSD vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, PRSD achieves a 1.30% return, which is significantly lower than XLK's 24.25% return.
PRSD
- 1D
- -0.06%
- 1M
- -0.11%
- 6M
- 1.20%
- YTD
- 1.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XLK
- 1D
- -1.01%
- 1M
- -3.12%
- 6M
- 23.47%
- YTD
- 24.25%
- 1Y
- 37.84%
- 3Y*
- 27.31%
- 5Y*
- 19.12%
- 10Y*
- 24.10%
- ALL TIME*
- 10.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.31M | $4.98M | $3.51M | |
| $1.41B | $1.77B | $2.19B |
PRSD vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PRSD State Street Short Duration IG Public & Private Credit ETF | 1.30% | 1.13% |
XLK State Street Technology Select Sector SPDR ETF | 24.25% | 8.82% |
Correlation
The correlation between PRSD and XLK is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.11 |
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Return for Risk
PRSD vs. XLK — Risk / Return Rank
PRSD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XLK
PRSD vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Short Duration IG Public & Private Credit ETF (PRSD) 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.
| PRSD | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.39 | — |
| Martin ratioReturn relative to average drawdown | — | 6.87 | — |
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Drawdowns
PRSD vs. XLK - Drawdown Comparison
The maximum PRSD drawdown since its inception was -0.73%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for PRSD and XLK.
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Drawdown Indicators
| PRSD | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.73% | -82.05% | +81.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.92% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
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 | -0.43% | -9.86% | +9.43% |
Average DrawdownAverage peak-to-trough decline | -0.12% | -34.82% | +34.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.53% | — |
Volatility
PRSD vs. XLK - Volatility Comparison
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Volatility by Period
| PRSD | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.64% | 24.72% | -23.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.64% | 25.60% | -23.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.64% | 24.81% | -23.17% |
PRSD vs. XLK - Expense Ratio Comparison
PRSD has a 0.45% expense ratio, which is higher than XLK's 0.08% expense ratio.
Dividends
PRSD vs. XLK - Dividend Comparison
PRSD's dividend yield for the trailing twelve months is around 3.32%, more than XLK's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRSD State Street Short Duration IG Public & Private Credit ETF | 3.32% | 1.22% | 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
PRSD and XLK have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLK is cheaper with a 0.08% expense ratio, compared with 0.45% for PRSD.
PRSD has the higher dividend yield at 3.32%, compared with 0.44% for XLK.
PRSD is categorized as Short-Term Bond, while XLK is Technology Equities. Their fees differ too: 0.45% for PRSD and 0.08% for XLK.
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