XLK vs. MRSH
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 MRSH (Marsh & McLennan Companies, Inc) is a stock. Over the past 10 years, XLK returned 25.19%/yr vs 11.75%/yr for MRSH. At a 0.46 correlation, their price movements are largely independent.
Performance
XLK vs. MRSH - 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 MRSH's -8.15% return. Over the past 10 years, XLK has outperformed MRSH with an annualized return of 25.19%, while MRSH has yielded a comparatively lower 11.75% annualized return.
XLK
- 1D
- 0.87%
- 1M
- 4.85%
- YTD
- 28.52%
- 6M
- 28.96%
- 1Y
- 55.42%
- 3Y*
- 30.28%
- 5Y*
- 22.02%
- 10Y*
- 25.19%
MRSH
- 1D
- 0.32%
- 1M
- 4.74%
- YTD
- -8.15%
- 6M
- -8.49%
- 1Y
- -20.92%
- 3Y*
- -0.08%
- 5Y*
- 5.55%
- 10Y*
- 11.75%
XLK vs. MRSH - 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% |
MRSH Marsh & McLennan Companies, Inc | -8.15% | -11.26% | 13.75% | 16.15% | -3.45% | 50.83% | 6.86% | 42.33% | -0.14% | 22.73% |
Correlation
The correlation between XLK and MRSH is -0.21, 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 | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.46 |
The correlation between XLK and MRSH shifts across timeframes, from -0.21 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLK vs. MRSH — Risk / Return Rank
XLK
MRSH
XLK vs. MRSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and Marsh & McLennan Companies, Inc (MRSH). 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 | MRSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.30 | ||
| Sortino ratioReturn per unit of downside risk | +4.13 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.85 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.80 | +4.16 |
| Martin ratioReturn relative to average drawdown | 10.85 | -1.40 | +12.25 |
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Drawdowns
XLK vs. MRSH - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than MRSH's maximum drawdown of -67.46%. Use the drawdown chart below to compare losses from any high point for XLK and MRSH.
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Drawdown Indicators
| XLK | MRSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -67.46% | -14.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -27.01% | +11.09% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -34.36% | +8.70% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | -34.36% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -35.80% | +2.24% |
Current DrawdownCurrent decline from peak | -6.77% | -29.62% | +22.85% |
Average DrawdownAverage peak-to-trough decline | -34.93% | -17.41% | -17.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 15.50% | -10.58% |
Volatility
XLK vs. MRSH - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to Marsh & McLennan Companies, Inc (MRSH) at 6.91%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than MRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLK | MRSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 6.91% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 19.10% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 23.47% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 20.20% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 20.94% | +3.70% |
Dividends
XLK vs. MRSH - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, less than MRSH's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRSH Marsh & McLennan Companies, Inc | 2.13% | 1.85% | 1.44% | 1.37% | 1.36% | 1.15% | 1.57% | 1.56% | 1.98% | 1.76% | 1.92% | 2.13% |
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 MRSH have a correlation of -0.21, 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 MRSH (6.91%). In terms of maximum drawdown, XLK dropped -82.05% vs MRSH's -67.46%.
XLK currently has the higher Sharpe Ratio (2.37 vs -0.93), 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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