XLK vs. PGR
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 PGR (The Progressive Corporation) is a stock. Over the past 10 years, XLK returned 25.19%/yr vs 23.64%/yr for PGR. At a 0.37 correlation, their price movements are largely independent.
Performance
XLK vs. PGR - 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 PGR's -5.09% return. Over the past 10 years, XLK has outperformed PGR with an annualized return of 25.19%, while PGR has yielded a comparatively lower 23.64% annualized return.
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%
PGR
- 1D
- 0.42%
- 1M
- 1.69%
- YTD
- -5.09%
- 6M
- -7.97%
- 1Y
- -19.25%
- 3Y*
- 19.07%
- 5Y*
- 19.40%
- 10Y*
- 23.64%
XLK vs. PGR - 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% |
PGR The Progressive Corporation | -5.09% | -3.02% | 51.39% | 23.16% | 26.81% | 10.84% | 41.48% | 25.14% | 9.39% | 61.59% |
Correlation
The correlation between XLK and PGR is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.37 |
The correlation between XLK and PGR shifts across timeframes, from -0.24 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLK vs. PGR — Risk / Return Rank
XLK
PGR
XLK vs. PGR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Technology Select Sector SPDR ETF (XLK) and The Progressive Corporation (PGR). 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 | PGR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.24 | ||
| Sortino ratioReturn per unit of downside risk | +4.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.87 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | -0.80 | +4.16 |
| Martin ratioReturn relative to average drawdown | 10.85 | -1.23 | +12.08 |
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Drawdowns
XLK vs. PGR - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than PGR's maximum drawdown of -71.06%. Use the drawdown chart below to compare losses from any high point for XLK and PGR.
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Drawdown Indicators
| XLK | PGR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.05% | -71.06% | -10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.92% | -24.30% | +8.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.66% | -30.35% | +4.69% |
Max Drawdown (5Y)Largest decline over 5 years | -33.56% | -30.35% | -3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -30.35% | -3.21% |
Current DrawdownCurrent decline from peak | -6.77% | -25.70% | +18.93% |
Average DrawdownAverage peak-to-trough decline | -34.93% | -14.53% | -20.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.92% | 15.96% | -11.04% |
Volatility
XLK vs. PGR - Volatility Comparison
State Street Technology Select Sector SPDR ETF (XLK) has a higher volatility of 10.86% compared to The Progressive Corporation (PGR) at 7.54%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than PGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLK | PGR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 7.54% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 16.87% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.55% | 22.55% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.18% | 24.55% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.64% | 24.48% | +0.16% |
Dividends
XLK vs. PGR - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.41%, less than PGR's 6.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGR The Progressive Corporation | 6.84% | 2.15% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% |
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 PGR have a correlation of -0.24, 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 PGR (7.54%). In terms of maximum drawdown, XLK dropped -82.05% vs PGR's -71.06%.
XLK currently has the higher Sharpe Ratio (2.37 vs -0.87), 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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