GDDY vs XLK: Correlation
Measured on weekly returns over the past three years, GoDaddy (GDDY) and Technology Select Sector SPDR Fund (XLK) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDDY and XLK?
On 3 years of weekly data the GDDY/XLK correlation comes out at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.31). The 5-year figure is 0.45, and annualized covariance runs at 252.7 %².
Among the 32 assets we track against GDDY, XLK ranks #22 by 3-year correlation. The last year tells two different stories: XLK led by 77.8 percentage points, -34.4% for GDDY against +43.4% for XLK. The relationship is regime-dependent: the rolling one-year correlation swung between 0.13 and 0.72 over the past three years, so this pair behaves very differently depending on the market environment.
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.
GDDY vs XLK: side by side
| GDDY (GoDaddy) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -34.4% | +43.4% |
| 5-year return | +32.1% | +145.2% |
| Volatility (ann.) | 33.6% | 24.0% |
| Beta vs S&P 500 | 0.93 | 1.50 |
| Max drawdown (3Y) | -65.0% | -25.7% |
| Market cap | $12.3B | – |
| P/E (trailing) | 14.4 | – |
| Dividend yield | 0.00% | 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 | GDDY | XLK |
|---|---|---|
| 2022 | -11.8% | -27.7% |
| 2023 | +41.9% | +56.0% |
| 2024 | +85.9% | +21.6% |
| 2025 | -37.1% | +24.6% |
| 2026 | -21.8% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that XLK holds GDDY at a 0.08% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are GDDY and XLK good diversifiers for each other?
Reasonably. At 0.31, GDDY and XLK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GDDY and XLK?
As of 2026-08-27, the correlation of weekly returns between GDDY and XLK is 0.31 over 3 years, 0.19 over 1 year and 0.45 over 5 years.
Is XLK a good diversifier for GDDY?
Reasonably. At 0.31, GDDY and XLK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gddy-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gddy-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GDDY correlations · XLK correlations
