CRSR vs XLK: Correlation
How closely do Corsair Gaming, Inc. (CRSR) and Technology Select Sector SPDR Fund (XLK) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSR and XLK?
On 3 years of weekly data the CRSR/XLK correlation comes out at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 874.7 %².
Within CRSR's tracked universe of 19 assets, XLK comes in at #8 by 3-year correlation. On 12-month performance XLK holds a 7.9-point edge, +35.5% against +43.4%. Note the risk asymmetry: CRSR runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CRSR vs XLK: side by side
| CRSR (Corsair Gaming, Inc.) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +35.5% | +43.4% |
| 5-year return | -57.7% | +145.2% |
| Volatility (ann.) | 71.0% | 24.0% |
| Beta vs S&P 500 | 2.22 | 1.50 |
| Max drawdown (3Y) | -71.3% | -25.7% |
| Market cap | $1.3B | – |
| P/E (trailing) | 38.6 | – |
| Dividend yield | 0.00% | 0.45% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $115.4B |
| Sector / category | US Listed | 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 | CRSR | XLK |
|---|---|---|
| 2022 | -35.4% | -27.7% |
| 2023 | +3.9% | +56.0% |
| 2024 | -53.1% | +21.6% |
| 2025 | -10.1% | +24.6% |
| 2026 | +101.7% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSR and XLK good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRSR and XLK?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.56 over the last year and 0.52 over 5 years.
Is XLK a good diversifier for CRSR?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crsr-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crsr-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CRSR correlations · XLK correlations
