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XLK correlations (Technology Select Sector SPDR Fund)

Every correlation that matters for XLK: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · Sector

Volatility (ann.)
24.0%
3y weekly
Beta vs S&P 500
1.50
3y weekly
1-year return
+43.4%
price, adjusted
5-year return
+145.2%
price, adjusted
Expense ratio
0.08%
annual
Assets
$115.4B
under management
Dividend yield
0.45%
trailing
Max drawdown
-25.7%
3y, daily closes
-1%0%+46%2025-09-052026-08-27
XLK over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with XLK

AssetCorrelation (3Y)
QQQInvesco QQQ Trust0.97
QQQMInvesco Nasdaq 100 ETF0.97
SPYGSPDR Portfolio S&P 500 Growth ETF0.95
VUGVanguard Growth ETF0.94
SMHVanEck Semiconductor ETF0.92
VOOVanguard S&P 500 ETF0.90
SPYSPDR S&P 500 ETF Trust0.90
IVViShares Core S&P 500 ETF0.90
FNGOMicroSectors FANG Index 2X Leveraged ETNs due January 80.90
MTUMiShares MSCI USA Momentum Factor ETF0.90
SOXXiShares Semiconductor ETF0.89
VTIVanguard Total Stock Market ETF0.89
ACWIiShares MSCI ACWI ETF0.86
NBXGNeuberger Next Generation Connectivity Fund Inc.0.86
QUALiShares MSCI USA Quality Factor ETF0.85

Best diversifiers for XLK

If the goal is offsetting XLK, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.89
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.69
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.63
EDConsolidated Edison-0.33
DUKDuke Energy-0.24
MOAltria-0.22
PPCPilgrim's Pride Corporation-0.21
AWKAmerican Water Works-0.21
SOSouthern Company-0.20
KRKroger-0.19

XLK vs benchmarks

XLK vs SPY 0.90 XLK vs QQQ 0.97

XLK vs its peers

XLK vs XLY 0.72 XLK vs XLC 0.67 XLK vs XLI 0.64 XLK vs XLF 0.49 XLK vs XLB 0.42

Get XLK data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/xlk.json

Correlations, diversifiers, beta and volatility for XLK, plus one endpoint per pair. API documentation.

XLK holdings overlap with other ETFs

ETFOverlapCorrelation (3Y)
XLK vs VUGVanguard Growth ETF54.9%0.94
XLK vs QQQInvesco QQQ Trust54.5%0.97
XLK vs QQQMInvesco Nasdaq 100 ETF54.5%0.97
XLK vs SPYGSPDR Portfolio S&P 500 Growth ETF51.4%0.95
XLK vs SOXXiShares Semiconductor ETF38.4%0.89
XLK vs MTUMiShares MSCI USA Momentum Factor ETF37.6%0.90
XLK vs IVViShares Core S&P 500 ETF37.0%0.90
XLK vs SPYSPDR S&P 500 ETF Trust37.0%0.90
XLK vs VOOVanguard S&P 500 ETF36.6%0.90
XLK vs QUALiShares MSCI USA Quality Factor ETF33.5%0.85
XLK vs VTIVanguard Total Stock Market ETF32.2%0.89
XLK vs VIGVanguard Dividend Appreciation ETF25.1%0.71
XLK vs USMViShares MSCI USA Min Vol Factor ETF25.0%0.53
XLK vs ACWIiShares MSCI ACWI ETF22.8%0.86
XLK vs VTVanguard Total World Stock ETF21.1%0.85
XLK vs SPYVSPDR Portfolio S&P 500 Value ETF19.3%0.60
XLK vs DGROiShares Core Dividend Growth ETF15.8%0.58
XLK vs DIASPDR Dow Jones Industrial Average ETF15.1%0.68
XLK vs VYMVanguard High Dividend Yield ETF13.1%0.57
XLK vs RSPInvesco S&P 500 Equal Weight ETF12.9%0.63
XLK vs VTVVanguard Value ETF11.6%0.56
XLK vs SCHDSchwab US Dividend Equity ETF3.6%0.34
XLK vs EFAiShares MSCI EAFE ETF0.3%0.60
XLK vs IEFAiShares Core MSCI EAFE ETF0.3%0.60
XLK vs VEAVanguard FTSE Developed Markets ETF0.3%0.64
XLK vs ICLNiShares Global Clean Energy ETF0.1%0.44
XLK vs EEMiShares MSCI Emerging Markets ETF0.0%0.70
XLK vs EWJiShares MSCI Japan ETF0%0.61
XLK vs FXIiShares China Large-Cap ETF0%0.32
XLK vs IBBiShares Biotechnology ETF0%0.42
XLK vs IEMGiShares Core MSCI Emerging Markets ETF0.0%0.70
XLK vs IWMiShares Russell 2000 ETF0%0.63
XLK vs MDYSPDR S&P MidCap 400 ETF0%0.63
XLK vs VNQVanguard Real Estate ETF0%0.29
XLK vs VWOVanguard FTSE Emerging Markets ETF0.0%0.68
XLK vs XLBMaterials Select Sector SPDR Fund0%0.42
XLK vs XLCCommunication Services Select Sector SPDR Fund0%0.67
XLK vs XLEEnergy Select Sector SPDR Fund0%0.01
XLK vs XLFFinancial Select Sector SPDR Fund0%0.49
XLK vs XLIIndustrial Select Sector SPDR Fund0%0.64
XLK vs XLPConsumer Staples Select Sector SPDR Fund0%0.07
XLK vs XLREReal Estate Select Sector SPDR Fund0%0.28
XLK vs XLUUtilities Select Sector SPDR Fund0%0.07
XLK vs XLVHealth Care Select Sector SPDR Fund0%0.18
XLK vs XLYConsumer Discretionary Select Sector SPDR Fund0%0.72