Consolidated Returns as of 31 March 2023
In the last 20 Years, the Technology Select Sector SPDR (XLK) ETF obtained a 14.05% compound annual return, with a 17.85% standard deviation.
In 2022, the ETF granted a 0.75% dividend yield. If you are interested in getting periodic income, please refer to the Technology Select Sector SPDR (XLK) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Growth
- Region: North America
- Country: U.S.
- Sector: Technology
- Industry: Broad Technology
Historical Returns as of Mar 31, 2023
Historical returns and Metrics of Technology Select Sector SPDR (XLK) ETF.
- No fees or capital gain taxes
- the reinvestment of dividends
Metrics as of Mar 31, 2023 | |||||||||
---|---|---|---|---|---|---|---|---|---|
1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y |
MAX
(~24Y) |
|
Portfolio Return (%) |
10.86 | 21.62 | 27.78 | -4.02 | 24.53 | 19.57 | 19.15 | 14.05 | 7.74 |
US Inflation (%) | 0.00 | 1.36 | 1.36 | 4.64 | 5.24 | 3.81 | 2.60 | 2.48 | 2.54 |
Infl. Adjusted Return (%) |
10.86 | 19.98 | 26.07 | -8.28 | 18.33 | 15.18 | 16.14 | 11.29 | 5.08 |
Waiting for updates, inflation of Mar 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized. | |||||||||
RISK INDICATORS | |||||||||
Standard Deviation (%) | 30.66 | 24.36 | 22.50 | 18.03 | 17.85 | 23.21 | |||
Sharpe Ratio | -0.21 | 0.98 | 0.82 | 1.02 | 0.72 | 0.16 | |||
Sortino Ratio | -0.30 | 1.30 | 1.08 | 1.38 | 0.97 | 0.22 | |||
MAXIMUM DRAWDOWN | |||||||||
Drawdown Depth (%) | -24.89 | -31.22 | -31.22 | -31.22 | -49.46 | -80.47 | |||
Start (yyyy mm) | 2022 04 | 2022 01 | 2022 01 | 2022 01 | 2007 11 | 2000 04 | |||
Bottom (yyyy mm) | 2022 09 | 2022 09 | 2022 09 | 2022 09 | 2009 02 | 2002 09 | |||
Start to Bottom (# months) | 6 | 9 | 9 | 9 | 16 | 30 | |||
Start to Recovery (# months) in progress |
> 12
|
> 15
|
> 15
|
> 15
|
51
|
202
|
|||
ROLLING PERIOD RETURNS - Annualized | |||||||||
Best Return (%) | 66.90 | 42.63 | 30.82 | 23.07 | 14.05 | ||||
Worst Return (%) | -59.28 | -38.14 | -19.76 | -8.78 | 2.69 | ||||
% Positive Periods | 75% | 75% | 81% | 85% | 100% | ||||
MONTHS | |||||||||
Positive | 1 | 3 | 5 | 6 | 23 | 38 | 79 | 151 | 173 |
Negative | 0 | 0 | 1 | 6 | 13 | 22 | 41 | 89 | 118 |
% Positive | 100% | 100% | 83% | 50% | 64% | 63% | 66% | 63% | 59% |
WITHDRAWAL RATES (WR) | |||||||||
Safe WR (%) | 54.99 | 30.81 | 20.94 | 10.78 | 3.50 | ||||
Perpetual WR (%) | 15.49 | 13.18 | 13.90 | 10.15 | 4.83 |
- Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
- Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
- Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
- Rolling Returns: returns over a time frame (best, worst, % of positive returns).
- Pos./Neg. Months: number of months with positive/negative return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
Correlations as of Mar 31, 2023
Monthly correlations of Technology Select Sector SPDR (XLK) ETF vs the main Asset Classes, over different timeframes.
Correlation measures to what degree the returns of the two assets move in relation to each other.
If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Columns are sortable (click on table header to sort).
Correlation vs XLK | |||||
---|---|---|---|---|---|
|
|||||
Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 1999 |
|
US Total Stock Market VTI |
0.96
|
0.93
|
0.90
|
0.86
|
|
US Large Cap SPY |
0.97
|
0.93
|
0.91
|
0.86
|
|
US Small Cap IJR |
0.81
|
0.77
|
0.70
|
0.71
|
|
US REITs VNQ |
0.83
|
0.73
|
0.59
|
0.41
|
|
US Technology QQQ |
0.99
|
0.98
|
0.97
|
0.96
|
|
Preferred Stocks PFF |
0.67
|
0.69
|
0.63
|
0.31
|
|
EAFE Stocks EFA |
0.85
|
0.79
|
0.77
|
0.71
|
|
World All Countries VT |
0.93
|
0.89
|
0.87
|
0.81
|
|
Emerging Markets EEM |
0.64
|
0.62
|
0.61
|
0.67
|
|
Europe VGK |
0.84
|
0.78
|
0.76
|
0.70
|
|
Pacific VPL |
0.83
|
0.76
|
0.72
|
0.62
|
|
Latin America FLLA |
0.69
|
0.42
|
0.42
|
0.57
|
|
US Total Bond Market BND |
0.82
|
0.52
|
0.40
|
0.06
|
|
Long Term Treasuries TLT |
0.72
|
0.21
|
0.10
|
-0.14
|
|
US Cash BIL |
0.23
|
-0.09
|
-0.05
|
-0.12
|
|
TIPS TIP |
0.93
|
0.66
|
0.49
|
0.09
|
|
Invest. Grade Bonds LQD |
0.85
|
0.65
|
0.54
|
0.20
|
|
High Yield Bonds HYG |
0.91
|
0.76
|
0.70
|
0.53
|
|
International Bonds BNDX |
0.94
|
0.56
|
0.44
|
0.11
|
|
Emerg. Market Bonds EMB |
0.79
|
0.66
|
0.59
|
0.45
|
|
Gold GLD |
0.44
|
0.20
|
0.08
|
-0.01
|
|
Commodities DBC |
0.33
|
0.40
|
0.33
|
0.25
|
Capital Growth as of Mar 31, 2023
Capital growth, returns, stats are calculated assuming a reinvestment of dividends.
If you are interested in getting periodic income, please refer to the Technology Select Sector SPDR (XLK) ETF: Dividend Yield page.
The Inflation Adjusted Capital now would be 8495.63$, with a net total return of 749.56% (11.29% annualized).
The Inflation Adjusted Capital now would be 3322.29$, with a net total return of 232.23% (5.08% annualized).
Drawdowns
Worst drawdowns since April 2003.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-49.46% | Nov 2007 | Feb 2009 | 16 | Jan 2012 | 35 | 51 |
-31.22% | Jan 2022 | Sep 2022 | 9 | in progress | 6 | 15 |
-17.37% | Sep 2018 | Dec 2018 | 4 | Apr 2019 | 4 | 8 |
-15.25% | Feb 2020 | Mar 2020 | 2 | May 2020 | 2 | 4 |
-12.56% | Feb 2004 | Aug 2004 | 7 | Dec 2004 | 4 | 11 |
-10.61% | Jan 2005 | Apr 2005 | 4 | Nov 2005 | 7 | 11 |
-10.57% | Apr 2006 | Jul 2006 | 4 | Oct 2006 | 3 | 7 |
-10.07% | Sep 2020 | Oct 2020 | 2 | Nov 2020 | 1 | 3 |
-8.66% | May 2019 | May 2019 | 1 | Jul 2019 | 2 | 3 |
-8.07% | Jun 2015 | Sep 2015 | 4 | Oct 2015 | 1 | 5 |
-7.39% | Apr 2012 | May 2012 | 2 | Aug 2012 | 3 | 5 |
-6.36% | Oct 2012 | Oct 2012 | 1 | Apr 2013 | 6 | 7 |
-6.32% | Dec 2015 | Feb 2016 | 3 | Mar 2016 | 1 | 4 |
-5.84% | Sep 2021 | Sep 2021 | 1 | Oct 2021 | 1 | 2 |
-5.61% | Dec 2014 | Jan 2015 | 2 | Feb 2015 | 1 | 3 |
-5.03% | Apr 2016 | Apr 2016 | 1 | Jul 2016 | 3 | 4 |
-4.13% | Feb 2018 | Mar 2018 | 2 | May 2018 | 2 | 4 |
-3.44% | Mar 2015 | Mar 2015 | 1 | May 2015 | 2 | 3 |
-3.07% | Dec 2005 | Dec 2005 | 1 | Jan 2006 | 1 | 2 |
-2.89% | Jun 2013 | Jun 2013 | 1 | Jul 2013 | 1 | 2 |
Worst drawdowns since January 1999.
Drawdown period |
Recovery period |
Total |
||||
---|---|---|---|---|---|---|
Drawdown | Start | Bottom | #Months | End | #Months | #Months |
-80.47% | Apr 2000 | Sep 2002 | 30 | Jan 2017 | 172 | 202 |
-31.22% | Jan 2022 | Sep 2022 | 9 | in progress | 6 | 15 |
-17.37% | Sep 2018 | Dec 2018 | 4 | Apr 2019 | 4 | 8 |
-15.25% | Feb 2020 | Mar 2020 | 2 | May 2020 | 2 | 4 |
-10.07% | Sep 2020 | Oct 2020 | 2 | Nov 2020 | 1 | 3 |
-9.92% | Feb 1999 | Feb 1999 | 1 | Jun 1999 | 4 | 5 |
-8.66% | May 2019 | May 2019 | 1 | Jul 2019 | 2 | 3 |
-6.15% | Jan 2000 | Jan 2000 | 1 | Feb 2000 | 1 | 2 |
-5.84% | Sep 2021 | Sep 2021 | 1 | Oct 2021 | 1 | 2 |
-4.13% | Feb 2018 | Mar 2018 | 2 | May 2018 | 2 | 4 |
-2.81% | Jun 2017 | Jun 2017 | 1 | Jul 2017 | 1 | 2 |
-1.54% | Aug 2019 | Aug 2019 | 1 | Sep 2019 | 1 | 2 |
-1.16% | Jul 1999 | Jul 1999 | 1 | Aug 1999 | 1 | 2 |
-0.93% | May 2021 | May 2021 | 1 | Jun 2021 | 1 | 2 |
-0.84% | Jan 2021 | Jan 2021 | 1 | Feb 2021 | 1 | 2 |
-0.41% | Sep 1999 | Sep 1999 | 1 | Oct 1999 | 1 | 2 |
-0.26% | Jun 2018 | Jun 2018 | 1 | Jul 2018 | 1 | 2 |
Rolling Returns ( more details)
Technology Select Sector SPDR (XLK) ETF: annualized rolling and average returns
Rolling Period |
Return (*) | Negative Periods |
||
---|---|---|---|---|
Average (%) | Best (%) | Worst (%) | ||
1 Year |
10.15 |
66.90 Apr 2020 - Mar 2021 |
-59.28 Sep 2000 - Aug 2001 |
25.36% |
2 Years |
8.61 |
46.70 Jan 2019 - Dec 2020 |
-49.88 Sep 2000 - Aug 2002 |
22.39% |
3 Years |
8.80 |
42.63 Jan 2019 - Dec 2021 |
-38.14 Apr 2000 - Mar 2003 |
25.00% |
5 Years |
9.38 |
30.82 Jan 2017 - Dec 2021 |
-19.76 Apr 2000 - Mar 2005 |
18.53% |
7 Years |
9.39 |
24.54 Jan 2015 - Dec 2021 |
-12.19 Apr 2000 - Mar 2007 |
18.75% |
10 Years |
9.32 |
23.07 Jan 2012 - Dec 2021 |
-8.78 Sep 2000 - Aug 2010 |
15.12% |
15 Years |
9.06 |
16.35 Aug 2006 - Jul 2021 |
-1.40 Apr 2000 - Mar 2015 |
7.14% |
20 Years |
8.50 |
14.05 Apr 2003 - Mar 2023 |
2.69 Apr 2000 - Mar 2020 |
0.00% |
If you need a deeper detail about rolling returns, please refer to the Technology Select Sector SPDR (XLK) ETF: Rolling Returns page.
Seasonality
Technology Select Sector SPDR (XLK) ETF: in which months is it better to invest?
For further information about the seasonality, check the Asset Class Seasonality page.
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
2.50
60% |
-0.70
60% |
2.46
80% |
2.87
80% |
0.74
40% |
2.65
60% |
5.72
100% |
2.86
60% |
-4.32
20% |
1.34
60% |
5.11
80% |
-0.69
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
102.50
|
101.79
|
104.29
|
107.28
|
108.07
|
110.93
|
117.28
|
120.63
|
115.42
|
116.97
|
122.95
|
122.10
|
Best |
9.3 2023 |
6.9 2019 |
10.9 2023 |
13.7 2020 |
7.2 2020 |
8.9 2019 |
13.5 2022 |
11.9 2020 |
1.6 2019 |
8.2 2021 |
11.4 2020 |
5.5 2020 |
Worst |
-6.8 2022 |
-7.3 2020 |
-8.6 2020 |
-11.0 2022 |
-8.7 2019 |
-9.3 2022 |
2.1 2018 |
-6.2 2022 |
-12.0 2022 |
-8.0 2018 |
-2.0 2018 |
-8.4 2018 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.33
50% |
1.24
60% |
1.66
70% |
1.61
80% |
2.09
70% |
0.39
40% |
4.84
100% |
1.51
60% |
-1.80
40% |
2.96
70% |
3.58
90% |
-0.14
60% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.33
|
102.58
|
104.29
|
105.96
|
108.18
|
108.61
|
113.87
|
115.59
|
113.51
|
116.87
|
121.05
|
120.88
|
Best |
9.3 2023 |
8.0 2015 |
10.9 2023 |
13.7 2020 |
7.2 2020 |
8.9 2019 |
13.5 2022 |
11.9 2020 |
2.5 2013 |
10.5 2015 |
11.4 2020 |
5.5 2020 |
Worst |
-6.8 2022 |
-7.3 2020 |
-8.6 2020 |
-11.0 2022 |
-8.7 2019 |
-9.3 2022 |
1.7 2014 |
-6.2 2022 |
-12.0 2022 |
-8.0 2018 |
-2.0 2018 |
-8.4 2018 |
Monthly Average Return (%) and Gain Frequency | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
Average Gain Frequency |
1.12
52% |
-0.97
56% |
1.91
68% |
1.51
67% |
0.61
58% |
0.14
46% |
1.71
67% |
0.87
58% |
-2.38
46% |
3.06
67% |
2.45
75% |
0.22
54% |
Capital Growth on monthly avg returns | ||||||||||||
100
|
101.12
|
100.13
|
102.05
|
103.59
|
104.21
|
104.36
|
106.14
|
107.05
|
104.51
|
107.71
|
110.35
|
110.59
|
Best |
19.1 2001 |
10.5 2000 |
11.2 2009 |
16.2 2001 |
8.6 2003 |
10.0 2000 |
13.5 2022 |
11.9 2020 |
11.7 2010 |
24.8 2002 |
15.9 2002 |
15.4 1999 |
Worst |
-12.8 2008 |
-24.9 2001 |
-11.5 2001 |
-12.1 2002 |
-10.4 2000 |
-13.4 2002 |
-9.5 2002 |
-12.2 2001 |
-18.0 2000 |
-16.1 2008 |
-20.5 2000 |
-13.2 2002 |
Monthly/Yearly Returns
Technology Select Sector SPDR (XLK) ETF data source starts from January 1999: let's focus on monthly and yearly returns.
- Histogram: it shows the distribution of the returns recorded so far
- Plain Table: it shows the detailed monthly and yearly returns
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2023 |
+21.62 | +19.98 | 9.3 | 0.4 | 10.9 | |||||||||
2022 |
-27.73 | -32.11 | -6.8 | -4.9 | 3.3 | -11.0 | -0.7 | -9.3 | 13.5 | -6.2 | -12.0 | 7.7 | 6.3 | -8.2 |
2021 |
+34.83 | +25.97 | -0.8 | 1.4 | 1.9 | 5.2 | -0.9 | 6.9 | 3.9 | 3.6 | -5.8 | 8.2 | 4.5 | 3.2 |
2020 |
+43.62 | +41.69 | 4.0 | -7.3 | -8.6 | 13.7 | 7.2 | 6.9 | 5.7 | 11.9 | -5.3 | -5.0 | 11.4 | 5.5 |
2019 |
+49.86 | +46.51 | 6.9 | 6.9 | 4.8 | 6.4 | -8.7 | 8.9 | 3.5 | -1.5 | 1.6 | 3.9 | 5.4 | 4.3 |
2018 |
-1.66 | -3.50 | 7.0 | -0.4 | -3.7 | 0.1 | 6.8 | -0.3 | 2.1 | 6.6 | 0.0 | -8.0 | -2.0 | -8.4 |
2017 |
+34.25 | +31.48 | 3.6 | 4.5 | 2.2 | 2.0 | 4.0 | -2.8 | 4.5 | 2.9 | 0.8 | 6.5 | 1.4 | 0.5 |
2016 |
+15.02 | +12.68 | -3.7 | -0.7 | 8.8 | -5.0 | 4.9 | -1.4 | 7.1 | 1.2 | 2.1 | -0.8 | 0.2 | 2.3 |
2015 |
+5.49 | +4.72 | -3.5 | 8.0 | -3.4 | 2.8 | 1.9 | -4.1 | 2.9 | -5.5 | -1.3 | 10.5 | 0.7 | -2.1 |
2014 |
+17.85 | +16.96 | -2.6 | 4.4 | 0.4 | 0.3 | 3.8 | 1.9 | 1.7 | 3.3 | -0.5 | 1.6 | 4.8 | -2.2 |
2013 |
+26.25 | +24.38 | 1.9 | 0.8 | 2.6 | 1.8 | 2.8 | -2.9 | 3.7 | -1.0 | 2.5 | 5.0 | 3.1 | 3.5 |
2012 |
+15.30 | +13.32 | 6.2 | 7.1 | 4.5 | -1.1 | -6.3 | 3.3 | 1.8 | 4.2 | 1.5 | -6.4 | 0.9 | -0.4 |
2011 |
+2.61 | -0.34 | 3.2 | 2.2 | -1.6 | 2.6 | -1.0 | -2.5 | 0.4 | -5.3 | -3.1 | 10.2 | -1.5 | -0.2 |
2010 |
+11.39 | +9.75 | -8.6 | 3.5 | 6.8 | 1.3 | -7.5 | -5.4 | 7.5 | -5.6 | 11.7 | 5.8 | -1.6 | 5.6 |
2009 |
+51.32 | +47.31 | -4.7 | -3.8 | 11.2 | 10.4 | 2.3 | 3.6 | 8.2 | 1.6 | 4.6 | -1.2 | 5.5 | 5.8 |
2008 |
-41.51 | -41.56 | -12.8 | -4.7 | 1.2 | 6.3 | 6.5 | -9.4 | -2.4 | 1.8 | -12.5 | -16.1 | -8.4 | 1.6 |
2007 |
+15.45 | +10.92 | 2.0 | -2.7 | 1.0 | 4.7 | 5.0 | -0.1 | -0.2 | 1.9 | 3.8 | 5.3 | -7.5 | 2.0 |
2006 |
+12.16 | +9.38 | 3.3 | 0.2 | 2.3 | -1.3 | -6.5 | -0.5 | -2.6 | 7.0 | 4.0 | 4.0 | 2.8 | -0.5 |
2005 |
-0.32 | -3.61 | -5.6 | 0.2 | -2.0 | -3.5 | 6.9 | -1.3 | 5.7 | -1.0 | 0.2 | -2.3 | 6.3 | -3.1 |
2004 |
+5.65 | +2.32 | 4.3 | -2.5 | -2.7 | -3.8 | 3.9 | 2.7 | -6.1 | -4.4 | 2.9 | 4.4 | 5.1 | 2.6 |
2003 |
+38.68 | +36.12 | -2.4 | 0.5 | -1.5 | 9.2 | 8.6 | 0.7 | 3.1 | 4.8 | -0.9 | 7.3 | 1.4 | 3.1 |
2002 |
-38.17 | -39.60 | -1.1 | -13.0 | 4.9 | -12.1 | -4.1 | -13.4 | -9.5 | -0.8 | -16.7 | 24.8 | 15.9 | -13.2 |
2001 |
-23.35 | -24.52 | 19.1 | -24.9 | -11.5 | 16.2 | -4.1 | 2.0 | -6.9 | -12.2 | -16.4 | 10.9 | 14.9 | -2.2 |
2000 |
-41.88 | -43.78 | -6.1 | 10.5 | 8.4 | -9.2 | -10.4 | 10.0 | -5.3 | 10.2 | -18.0 | -5.7 | -20.5 | -9.9 |
1999 |
+65.14 | +60.82 | 15.9 | -9.9 | 7.4 | 0.6 | 0.3 | 9.6 | -1.2 | 3.5 | -0.4 | 3.0 | 9.8 | 15.4 |