LOGI vs XLK: Correlation
How closely do Logitech International S.A. - Registered Shares (LOGI) and Technology Select Sector SPDR Fund (XLK) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOGI and XLK?
Over the past 3 years, LOGI and XLK moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 445.2 %².
Within LOGI's tracked universe of 12 assets, XLK comes in at #5 by 3-year correlation. The last year tells two different stories: XLK led by 46.9 percentage points, -3.5% for LOGI against +43.4% for XLK.
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.
LOGI vs XLK: side by side
| LOGI (Logitech International S.A. - Registered Shares) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -3.5% | +43.4% |
| 5-year return | +0.1% | +145.2% |
| Volatility (ann.) | 34.3% | 24.0% |
| Beta vs S&P 500 | 1.24 | 1.50 |
| Max drawdown (3Y) | -37.6% | -25.7% |
| Market cap | $14.0B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.69% | 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 | LOGI | XLK |
|---|---|---|
| 2022 | -22.9% | -27.7% |
| 2023 | +55.3% | +56.0% |
| 2024 | -12.0% | +21.6% |
| 2025 | +23.5% | +24.6% |
| 2026 | -2.2% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOGI and XLK good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LOGI and XLK?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.59 over the last year and 0.53 over 5 years.
Is XLK a good diversifier for LOGI?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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/logi-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/logi-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LOGI correlations · XLK correlations
