WSR vs. XLK

Last updated Aug 1, 2026

WSR (Whitestone REIT) 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, WSR returned 8.47%/yr vs 23.77%/yr for XLK. Their 0.30 correlation means their historical movements had little consistent relationship.

Performance

WSR vs. XLK - Performance Comparison

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

Returns By Period

In the year-to-date period, WSR achieves a 38.96% return, which is significantly higher than XLK's 22.09% return. Over the past 10 years, WSR has underperformed XLK with an annualized return of 8.47%, while XLK has yielded a comparatively higher 23.77% annualized return.

WSR

• 1D: 0.00%
• 1M: 0.05%
• 6M: 35.55%
• YTD: 38.96%
• 1Y: 65.90%
• 3Y*: 29.52%
• 5Y*: 23.90%
• 10Y*: 8.47%
• ALL TIME*: 10.28%

XLK

• 1D: -0.22%
• 1M: -2.90%
• 6M: 22.17%
• YTD: 22.09%
• 1Y: 37.14%
• 3Y*: 26.04%
• 5Y*: 18.87%
• 10Y*: 23.77%
• ALL TIME*: 10.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XLK State Street Technology Select Sector SPDR ETF	$1.61B	$1.67B	$2.22B

WSR vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WSR Whitestone REIT	38.96%	2.17%	19.75%	33.96%	-0.54%	33.34%	-37.17%	20.34%	-6.80%	9.23%
XLK State Street Technology Select Sector SPDR ETF	22.09%	24.61%	21.63%	56.02%	-27.73%	34.74%	43.62%	49.86%	-1.68%	34.26%

Correlation

The correlation between WSR and XLK is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.04
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (10Y) Provides a long-term view across more market conditions.	0.24
Correlation (All Time) Calculated using the full available price history since Aug 26, 2010	0.30

Over the past year, the correlation between WSR and XLK has dropped to 0.04 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

WSR vs. XLK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WSR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XLK

XLK Risk / Return Rank: 55
XLK Sharpe Ratio Rank: 57
XLK Sortino Ratio Rank: 53
XLK Omega Ratio Rank: 52
XLK Calmar Ratio Rank: 62
XLK Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WSR vs. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Whitestone REIT (WSR) 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.

	WSR	XLK	Difference
Sharpe ratio: Return per unit of total volatility	2.41	1.34	+1.07
Sortino ratio: Return per unit of downside risk	4.17	1.85	+2.31
Omega ratio: Gain probability vs. loss probability	1.57	1.23	+0.34
Calmar ratio: Return relative to maximum drawdown	4.25	2.16	+2.10
Martin ratio: Return relative to average drawdown	17.42	5.85	+11.57

WSR vs. XLK - Sharpe Ratio Comparison

The current WSR Sharpe Ratio is 2.41, which is higher than the XLK Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of WSR and XLK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WSR vs. XLK - Drawdown Comparison

The maximum WSR drawdown since its inception was -63.62%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for WSR and XLK.

Drawdown Indicators

	WSR	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-63.62%	-82.05%	+18.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-15.92%	+3.19%
Max Drawdown (3Y) Largest decline over 3 years	-22.06%	-25.66%	+3.60%
Max Drawdown (5Y) Largest decline over 5 years	-37.72%	-33.56%	-4.16%
Max Drawdown (10Y) Largest decline over 10 years	-63.62%	-33.56%	-30.06%
Current Drawdown Current decline from peak	-0.05%	-11.43%	+11.38%
Average Drawdown Average peak-to-trough decline	-14.12%	-34.80%	+20.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	5.86%	-2.68%

Volatility

WSR vs. XLK - Volatility Comparison

The current volatility for Whitestone REIT (WSR) is 0.42%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 9.58%. This indicates that WSR experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSR	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	9.58%	-9.16%
Volatility (6M) Calculated over the trailing 6-month period	15.13%	21.81%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	22.47%	25.59%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.25%	25.75%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.30%	24.90%	+9.40%

Dividends

WSR vs. XLK - Dividend Comparison

WSR has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.45%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WSR Whitestone REIT	2.45%	3.89%	3.47%	3.91%	4.85%	4.22%	7.53%	7.67%	9.30%	7.91%	8.59%	9.49%
XLK State Street Technology Select Sector SPDR ETF	0.45%	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

Can I hold both WSR and XLK in my portfolio?

WSR and XLK have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WSR or XLK?

XLK has higher volatility (9.58%) compared to WSR (0.42%). In terms of maximum drawdown, WSR dropped -63.62% vs XLK's -82.05%.

Which has better risk-adjusted returns?

WSR currently has the higher Sharpe Ratio (2.41 vs 1.34), 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.