XLK vs. GOOGL
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 GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, XLK returned 25.19%/yr vs 25.76%/yr for GOOGL. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
XLK vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, XLK achieves a 28.52% return, which is significantly higher than GOOGL's 15.06% return. Both investments have delivered pretty close results over the past 10 years, with XLK having a 25.19% annualized return and GOOGL not far ahead at 25.76%.
XLK
- 1D
- 0.87%
- 1M
- 2.95%
- YTD
- 28.52%
- 6M
- 28.96%
- 1Y
- 55.42%
- 3Y*
- 30.28%
- 5Y*
- 22.02%
- 10Y*
- 25.19%
GOOGL
- 1D
- 0.53%
- 1M
- -10.27%
- YTD
- 15.06%
- 6M
- 16.44%
- 1Y
- 106.51%
- 3Y*
- 43.10%
- 5Y*
- 24.46%
- 10Y*
- 25.76%
XLK vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLK State Street Technology Select Sector SPDR ETF | 28.52% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
GOOGL Alphabet Inc. Class A | 15.06% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between XLK and GOOGL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004 | 0.64 |
Over the past year, the correlation between XLK and GOOGL has dropped to 0.43 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
XLK vs. GOOGL — Risk / Return Rank
XLK
GOOGL
XLK vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Alphabet Inc. Class A (GOOGL). 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 | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.59 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 5.20 | -1.84 |
| Martin ratioReturn relative to average drawdown | 10.85 | 18.48 | -7.63 |
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Drawdowns
XLK vs. GOOGL - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for XLK and GOOGL.
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Drawdown Indicators
| XLK | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -65.29% | -16.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -20.37% | +4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -29.81% | +4.15% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | -44.32% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -44.32% | +10.76% |
Current DrawdownCurrent decline from peak | -6.77% | -10.61% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -34.93% | -13.01% | -21.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 5.72% | -0.80% |
Volatility
XLK vs. GOOGL - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to Alphabet Inc. Class A (GOOGL) at 7.24%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLK | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 7.24% | +3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 20.82% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 29.31% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 31.33% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 29.13% | -4.49% |
Dividends
XLK vs. GOOGL - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 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 | 0.41% | 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 GOOGL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLK has higher volatility (10.86%) compared to GOOGL (7.24%). In terms of maximum drawdown, XLK dropped -82.05% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (3.62 vs 2.37), 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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