TECH vs. XLK
TECH (Bio-Techne Corporation) 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, TECH returned 7.82%/yr vs 26.01%/yr for XLK. At a 0.44 correlation, their price movements are largely independent.
Performance
TECH vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, TECH achieves a -5.14% return, which is significantly lower than XLK's 33.79% return. Over the past 10 years, TECH has underperformed XLK with an annualized return of 7.82%, while XLK has yielded a comparatively higher 26.01% annualized return.
TECH
- 1D
- -4.02%
- 1M
- 15.35%
- YTD
- -5.14%
- 6M
- -5.38%
- 1Y
- 12.14%
- 3Y*
- -9.63%
- 5Y*
- -12.52%
- 10Y*
- 7.82%
XLK
- 1D
- 0.49%
- 1M
- 6.65%
- YTD
- 33.79%
- 6M
- 32.69%
- 1Y
- 60.87%
- 3Y*
- 32.46%
- 5Y*
- 22.53%
- 10Y*
- 26.01%
TECH vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECH Bio-Techne Corporation | -5.14% | -17.89% | -6.13% | -6.49% | -35.69% | 63.40% | 45.40% | 52.67% | 12.60% | 27.40% |
XLK State Street Technology Select Sector SPDR ETF | 33.79% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Correlation
The correlation between TECH and XLK is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.44 |
Over the past year, the correlation between TECH and XLK has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
TECH vs. XLK — Risk / Return Rank
TECH
XLK
TECH vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bio-Techne Corporation (TECH) 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.
| TECH | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 3.84 | -3.53 |
| Martin ratioReturn relative to average drawdown | 0.74 | 12.30 | -11.56 |
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Drawdowns
TECH vs. XLK - Drawdown Comparison
The maximum TECH drawdown since its inception was -74.39%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for TECH and XLK.
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Drawdown Indicators
| TECH | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.39% | -82.05% | +7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -39.25% | -15.92% | -23.33% |
Max Drawdown (3Y)Largest decline over 3 years | -50.85% | -25.66% | -25.19% |
Max Drawdown (5Y)Largest decline over 5 years | -67.18% | -33.56% | -33.62% |
Max Drawdown (10Y)Largest decline over 10 years | -67.18% | -33.56% | -33.62% |
Current DrawdownCurrent decline from peak | -57.77% | -2.94% | -54.83% |
Average DrawdownAverage peak-to-trough decline | -24.15% | -34.90% | +10.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.41% | 4.96% | +11.45% |
Volatility
TECH vs. XLK - Volatility Comparison
Bio-Techne Corporation (TECH) has a higher volatility of 12.87% compared to State Street Technology Select Sector SPDR ETF (XLK) at 11.64%. This indicates that TECH'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
| TECH | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 11.64% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 36.63% | 19.23% | +17.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.31% | 23.12% | +23.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.82% | 25.30% | +13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.05% | 24.71% | +9.34% |
Dividends
TECH vs. XLK - Dividend Comparison
TECH's dividend yield for the trailing twelve months is around 0.58%, more than XLK's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECH Bio-Techne Corporation | 0.58% | 0.54% | 0.56% | 0.41% | 0.39% | 0.25% | 0.40% | 0.58% | 0.88% | 0.99% | 1.24% | 1.42% |
XLK State Street Technology Select Sector SPDR ETF | 0.52% | 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
TECH and XLK have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECH has higher volatility (12.87%) compared to XLK (11.64%). In terms of maximum drawdown, TECH dropped -74.39% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (2.65 vs 0.26), 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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