PPC vs XLK: Correlation
Pilgrim's Pride Corporation (PPC) and Technology Select Sector SPDR Fund (XLK) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPC and XLK?
Across a 3-year window, the weekly returns of PPC and XLK correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.00, with an annualized covariance of -151.5 %².
Among the 23 assets we track against PPC, XLK ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months XLK outperformed by 74.2 percentage points (-30.8% for PPC 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.
PPC vs XLK: side by side
| PPC (Pilgrim's Pride Corporation) | XLK (Technology Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -30.8% | +43.4% |
| 5-year return | +32.4% | +145.2% |
| Volatility (ann.) | 30.3% | 24.0% |
| Beta vs S&P 500 | -0.17 | 1.50 |
| Max drawdown (3Y) | -49.2% | -25.7% |
| Market cap | $7.4B | – |
| P/E (trailing) | 13.6 | – |
| 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 | PPC | XLK |
|---|---|---|
| 2022 | -15.9% | -27.7% |
| 2023 | +16.6% | +56.0% |
| 2024 | +64.1% | +21.6% |
| 2025 | +1.4% | +24.6% |
| 2026 | -20.2% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPC and XLK good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PPC and XLK?
The PPC/XLK correlation stands at -0.21 on a 3-year window (1 year: -0.43, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is XLK a good diversifier for PPC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/ppc-vs-xlk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ppc-vs-xlk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPC correlations · XLK correlations
