XLC vs. PERI
XLC (Communication Services Select Sector SPDR Fund) is Communications Equities fund tracking the S&P Communication Services Select Sector Index, while PERI (Perion Network Ltd.) is a stock. Over the past 5 years, XLC returned 7.96%/yr vs -11.22%/yr for PERI. At a 0.43 correlation, their price movements are largely independent.
Performance
XLC vs. PERI - Performance Comparison
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Returns By Period
In the year-to-date period, XLC achieves a -3.75% return, which is significantly lower than PERI's 0.84% return.
XLC
- 1D
- -0.64%
- 1M
- 0.55%
- 6M
- -2.50%
- YTD
- -3.75%
- 1Y
- 7.30%
- 3Y*
- 20.31%
- 5Y*
- 7.96%
- 10Y*
- —
PERI
- 1D
- 0.73%
- 1M
- 11.94%
- 6M
- 0.73%
- YTD
- 0.84%
- 1Y
- -12.97%
- 3Y*
- -35.08%
- 5Y*
- -11.22%
- 10Y*
- 10.75%
XLC vs. PERI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XLC Communication Services Select Sector SPDR Fund | -3.75% | 23.08% | 34.71% | 52.82% | -37.63% | 15.96% | 26.90% | 31.05% | -16.45% |
PERI Perion Network Ltd. | 0.84% | 13.11% | -72.56% | 22.02% | 5.20% | 88.92% | 104.66% | 139.23% | -25.93% |
Correlation
The correlation between XLC and PERI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018 | 0.43 |
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Return for Risk
XLC vs. PERI — Risk / Return Rank
XLC
PERI
XLC vs. PERI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Communication Services Select Sector SPDR Fund (XLC) and Perion Network Ltd. (PERI). 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.
| XLC | PERI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.97 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.40 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.77 | -0.73 | +2.49 |
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Drawdowns
XLC vs. PERI - Drawdown Comparison
The maximum XLC drawdown since its inception was -46.65%, smaller than the maximum PERI drawdown of -95.14%. Use the drawdown chart below to compare losses from any high point for XLC and PERI.
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Drawdown Indicators
| XLC | PERI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.65% | -95.14% | +48.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -32.55% | +20.98% |
Max Drawdown (3Y)Largest decline over 3 years | -17.97% | -80.65% | +62.68% |
Max Drawdown (5Y)Largest decline over 5 years | -46.65% | -83.08% | +36.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.08% | — |
Current DrawdownCurrent decline from peak | -5.64% | -78.10% | +72.46% |
Average DrawdownAverage peak-to-trough decline | -10.55% | -56.86% | +46.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 17.91% | -13.77% |
Volatility
XLC vs. PERI - Volatility Comparison
The current volatility for Communication Services Select Sector SPDR Fund (XLC) is 5.73%, while Perion Network Ltd. (PERI) has a volatility of 9.34%. This indicates that XLC experiences smaller price fluctuations and is considered to be less risky than PERI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLC | PERI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 9.34% | -3.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 30.06% | -19.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 38.62% | -24.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.79% | 52.74% | -31.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 58.61% | -36.47% |
Dividends
XLC vs. PERI - Dividend Comparison
XLC's dividend yield for the trailing twelve months is around 1.27%, while PERI has not paid dividends to shareholders.
| 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 | 1.27% | 1.13% | 0.99% | 0.82% | 1.10% | 0.74% | 0.68% | 0.82% | 0.64% |
Frequently Asked Questions
XLC and PERI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PERI has higher volatility (9.34%) compared to XLC (5.73%). In terms of maximum drawdown, XLC dropped -46.65% vs PERI's -95.14%.
XLC currently has the higher Sharpe Ratio (0.53 vs -0.34), 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.
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