XLK vs. GIS
XLK (State Street Technology Select Sector SPDR ETF) is Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index, while GIS (General Mills, Inc.) is a stock. Over the past 10 years, XLK returned 23.89%/yr vs -2.58%/yr for GIS. At a 0.18 correlation, their price movements are largely independent.
Performance
XLK vs. GIS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLK achieves a 22.34% return, which is significantly higher than GIS's -15.22% return. Over the past 10 years, XLK has outperformed GIS with an annualized return of 23.89%, while GIS has yielded a comparatively lower -2.58% annualized return.
XLK
- 1D
- 0.07%
- 1M
- -8.11%
- 6M
- 20.96%
- YTD
- 22.34%
- 1Y
- 35.41%
- 3Y*
- 26.73%
- 5Y*
- 19.16%
- 10Y*
- 23.89%
- ALL TIME*
- 10.23%
GIS
- 1D
- -1.03%
- 1M
- 14.39%
- 6M
- -12.66%
- YTD
- -15.22%
- 1Y
- -20.32%
- 3Y*
- -17.57%
- 5Y*
- -4.99%
- 10Y*
- -2.58%
- ALL TIME*
- 9.23%
XLK vs. GIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 22.34% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
GIS General Mills, Inc. | -15.22% | -23.75% | 1.45% | -19.97% | 28.09% | 18.53% | 13.60% | 43.13% | -31.57% | -0.65% |
Correlation
The correlation between XLK and GIS is -0.34, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.18 |
The correlation between XLK and GIS shifts across timeframes, from -0.34 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLK vs. GIS — Risk / Return Rank
XLK
GIS
XLK vs. GIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and General Mills, Inc. (GIS). 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.
| XLK | GIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.88 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.59 | +2.83 |
| Martin ratioReturn relative to average drawdown | 6.53 | -1.14 | +7.68 |
Loading charts...
Drawdowns
XLK vs. GIS - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than GIS's maximum drawdown of -59.63%. Use the drawdown chart below to compare losses from any high point for XLK and GIS.
Loading charts...
Drawdown Indicators
| XLK | GIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -59.63% | -22.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -34.48% | +18.56% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -53.45% | +27.79% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | -59.63% | +26.07% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -59.63% | +26.07% |
Current DrawdownCurrent decline from peak | -11.25% | -52.03% | +40.78% |
Average DrawdownAverage peak-to-trough decline | -34.83% | -10.38% | -24.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 17.80% | -12.37% |
Volatility
XLK vs. GIS - Volatility Comparison
The current volatility for State Street Technology Select Sector SPDR ETF (XLK) is 9.59%, while General Mills, Inc. (GIS) has a volatility of 12.90%. This indicates that XLK experiences smaller price fluctuations and is considered to be less risky than GIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XLK | GIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.59% | 12.90% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 21.53% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.61% | 26.43% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.57% | 21.90% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 22.42% | +2.39% |
Dividends
XLK vs. GIS - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.45%, less than GIS's 6.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIS General Mills, Inc. | 6.49% | 5.20% | 3.73% | 3.47% | 2.50% | 3.03% | 3.37% | 3.66% | 5.03% | 3.27% | 3.01% | 3.00% |
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
XLK and GIS have a correlation of -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIS has higher volatility (12.90%) compared to XLK (9.59%). In terms of maximum drawdown, XLK dropped -82.05% vs GIS's -59.63%.
XLK currently has the higher Sharpe Ratio (1.45 vs -0.77), 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.
Find the right allocation for XLK and GIS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer