INTU vs XLK: Correlation
How closely do Intuit (INTU) and Technology Select Sector SPDR Fund (XLK) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTU and XLK?
On 3 years of weekly data the INTU/XLK correlation comes out at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.27 over 3 years. The 5-year figure is 0.49, and annualized covariance runs at 232.5 %².
By 3-year correlation, XLK places #19 of the 45 assets tracked against INTU. Correlation aside, the last 12 months split them widely, with XLK ahead by 90.3 points (-46.9% versus +43.4%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.14 to 0.74. One caveat on sizing: INTU is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
INTU vs XLK: side by side
| INTU (Intuit) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -46.9% | +43.4% |
| 5-year return | -36.2% | +145.2% |
| Volatility (ann.) | 36.2% | 24.0% |
| Beta vs S&P 500 | 0.70 | 1.50 |
| Max drawdown (3Y) | -68.2% | -25.7% |
| Market cap | $95.2B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.39% | 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 | INTU | XLK |
|---|---|---|
| 2022 | -39.1% | -27.7% |
| 2023 | +61.8% | +56.0% |
| 2024 | +1.2% | +21.6% |
| 2025 | +6.1% | +24.6% |
| 2026 | -47.0% | +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 INTU at a 0.64% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are INTU and XLK good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INTU and XLK?
As of 2026-08-27, the correlation of weekly returns between INTU and XLK is 0.27 over 3 years, 0.10 over 1 year and 0.49 over 5 years.
Is XLK a good diversifier for INTU?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/intu-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/intu-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTU correlations · XLK correlations
