P vs XLK: Correlation
How closely do Everpure, Inc. (P) and Technology Select Sector SPDR Fund (XLK) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are P and XLK?
Across a 3-year window, the weekly returns of P and XLK correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 797.0 %².
In P's tracked universe of 10 assets, XLK sits right near the top at #1. The last year tells two different stories: P led by 19.7 percentage points, +63.1% for P against +43.4% for XLK. Risk is not evenly split, since P carries 2.4 times the volatility of the other side.
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.
P vs XLK: side by side
| P (Everpure, Inc.) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +63.1% | +43.4% |
| 5-year return | +288.3% | +145.2% |
| Volatility (ann.) | 58.7% | 24.0% |
| Beta vs S&P 500 | 2.05 | 1.50 |
| Max drawdown (3Y) | -48.6% | -25.7% |
| Market cap | – | – |
| P/E (trailing) | 135.9 | – |
| 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 | P | XLK |
|---|---|---|
| 2022 | -17.8% | -27.7% |
| 2023 | +33.3% | +56.0% |
| 2024 | +72.3% | +21.6% |
| 2025 | +9.1% | +24.6% |
| 2026 | +48.1% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are P and XLK good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between P and XLK?
The P/XLK correlation stands at 0.57 on a 3-year window (1 year: 0.47, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is XLK a good diversifier for P?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/p-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/p-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: P correlations · XLK correlations
