ACN vs XLK: Correlation
How closely do Accenture (ACN) and Technology Select Sector SPDR Fund (XLK) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACN and XLK?
Over the past 3 years, ACN and XLK moved with a correlation of 0.20, which is weak. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.20). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 159.6 %².
Within ACN's tracked universe of 37 assets, XLK comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XLK outperformed by 69.0 percentage points (-25.6% for ACN against +43.4% for XLK). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.05 to 0.81.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACN vs XLK: side by side
| ACN (Accenture) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -25.6% | +43.4% |
| 5-year return | -39.6% | +145.2% |
| Volatility (ann.) | 32.6% | 24.0% |
| Beta vs S&P 500 | 0.69 | 1.50 |
| Max drawdown (3Y) | -68.2% | -25.7% |
| Market cap | $114.7B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.59% | 0.45% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $115.4B |
| Sector / category | Information Technology | Sector ETF |
On the fund side, XLK sits in the Technology category at State Street Investment Management, with $115.4B under management, 73 holdings, a 0.08% expense ratio, a 0.45% trailing dividend yield.
Year-by-year returns
| Year | ACN | XLK |
|---|---|---|
| 2022 | -34.8% | -27.7% |
| 2023 | +33.6% | +56.0% |
| 2024 | +1.9% | +21.6% |
| 2025 | -22.6% | +24.6% |
| 2026 | -28.7% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.75% of XLK is ACN itself, so the fund partly moves with the stock by construction.
Are ACN and XLK good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACN and XLK?
As of 2026-08-27, the correlation of weekly returns between ACN and XLK is 0.20 over 3 years, 0.05 over 1 year and 0.44 over 5 years.
Is XLK a good diversifier for ACN?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acn-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acn-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACN correlations · XLK correlations
