Technology Select Sector SPDR (XLK): Historical Returns

Data Source: from January 1999 to March 2024 (~25 years)
Consolidated Returns as of 31 March 2024
Live Update: Apr 17 2024
Category: Stocks
Technology Select Sector SPDR (XLK) ETF
ETF • LIVE PERFORMANCE (USD currency)
1.44%
1 Day
Apr 17 2024
4.52%
Current Month
April 2024

In the last 20 Years, the Technology Select Sector SPDR (XLK) ETF obtained a 13.94% compound annual return, with a 17.98% standard deviation.

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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

Investment Returns as of Mar 31, 2024

The Technology Select Sector SPDR (XLK) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
TECHNOLOGY SELECT SECTOR SPDR (XLK) ETF
Consolidated returns as of 31 March 2024
Live Update: Apr 17 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Mar 31, 2024
  1 Day Time ET(*) Apr 2024 1M 6M 1Y 5Y 10Y 20Y MAX
(~25Y)
Technology Select Sector SPDR (XLK) ETF -1.44 -4.52 0.79 27.54 39.04 24.24 20.68 13.94 8.83
US Inflation Adjusted return 0.41 25.52 34.37 19.25 17.35 11.05 6.10
Returns over 1 year are annualized | Available data source: since Jan 1999
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Mar 2024. Current inflation (annualized) is 1Y: 3.48% , 5Y: 4.19% , 10Y: 2.84% , 20Y: 2.59%
Live update: World Markets and Indexes

In 2023, the Technology Select Sector SPDR (XLK) ETF granted a 1.18% dividend yield. If you are interested in getting periodic income, please refer to the Technology Select Sector SPDR (XLK) ETF: Dividend Yield page.

Capital Growth as of Mar 31, 2024

An investment of 1$, since April 2004, now would be worth 13.59$, with a total return of 1258.76% (13.94% annualized).

The Inflation Adjusted Capital now would be 8.14$, with a net total return of 714.22% (11.05% annualized).
An investment of 1$, since January 1999, now would be worth 8.48$, with a total return of 747.85% (8.83% annualized).

The Inflation Adjusted Capital now would be 4.46$, with a net total return of 346.42% (6.10% annualized).
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Investment Metrics as of Mar 31, 2024

Metrics of Technology Select Sector SPDR (XLK) ETF, updated as of 31 March 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
TECHNOLOGY SELECT SECTOR SPDR (XLK) ETF
Advanced Metrics
Data Source: 1 January 1999 - 31 March 2024 (~25 years)
Swipe left to see all data
Metrics as of Mar 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~25Y)
Investment Return (%) 0.79 8.38 27.54 39.04 17.17 24.24 20.68 13.94 8.83
Infl. Adjusted Return (%) details 0.41 7.17 25.52 34.37 10.93 19.25 17.35 11.05 6.10
US Inflation (%) 0.38 1.13 1.61 3.48 5.63 4.19 2.84 2.59 2.57
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y MAX
Deepest Drawdown Depth (%) -7.89 -31.22 -31.22 -31.22 -49.46 -80.47
Start to Recovery (# months) details 4 18 18 18 51 202
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 04
Start to Bottom (# months) 2 9 9 9 16 30
Bottom (yyyy mm) 2023 09 2022 09 2022 09 2022 09 2009 02 2002 09
Bottom to End (# months) 2 9 9 9 35 172
End (yyyy mm) 2023 11 2023 06 2023 06 2023 06 2012 01 2017 01
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 04
Start to Bottom (# months) 2 9 9 9 16 30
Bottom (yyyy mm) 2023 09 2022 09 2022 09 2022 09 2009 02 2002 09
Bottom to End (# months) 2 9 9 9 35 172
End (yyyy mm) 2023 11 2023 06 2023 06 2023 06 2012 01 2017 01
Longest negative period (# months) details 4 23 25 25 63 201
Period Start (yyyy mm) 2023 07 2021 12 2020 09 2020 09 2004 04 2000 04
Period End (yyyy mm) 2023 10 2023 10 2022 09 2022 09 2009 06 2016 12
Annualized Return (%) -15.52 -0.53 -0.95 -0.95 -0.74 -0.15
Deepest Drawdown Depth (%) -8.71 -34.82 -34.82 -34.82 -50.29 -81.53
Start to Recovery (# months) details 4 24 24 24 53 221
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 04
Start to Bottom (# months) 3 9 9 9 16 30
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09
Bottom to End (# months) 1 15 15 15 37 191
End (yyyy mm) 2023 11 2023 12 2023 12 2023 12 2012 03 2018 08
Longest Drawdown Depth (%)
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 08 2022 01 2022 01 2022 01 2007 11 2000 04
Start to Bottom (# months) 3 9 9 9 16 30
Bottom (yyyy mm) 2023 10 2022 09 2022 09 2022 09 2009 02 2002 09
Bottom to End (# months) 1 15 15 15 37 191
End (yyyy mm) 2023 11 2023 12 2023 12 2023 12 2012 03 2018 08
Longest negative period (# months) details 5 28 30 30 77 228
Period Start (yyyy mm) 2023 06 2021 07 2020 09 2020 09 2004 04 2000 01
Period End (yyyy mm) 2023 10 2023 10 2023 02 2023 02 2010 08 2018 12
Annualized Return (%) -2.62 -0.12 -1.12 -1.12 -0.77 -0.18
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 16.74 22.74 22.31 18.63 17.98 23.03
Sharpe Ratio 2.02 0.65 1.00 1.04 0.70 0.21
Sortino Ratio 2.98 0.86 1.33 1.42 0.94 0.28
Ulcer Index 3.11 13.39 10.82 8.18 12.40 44.55
Ratio: Return / Standard Deviation 2.33 0.76 1.09 1.11 0.77 0.38
Ratio: Return / Deepest Drawdown 4.95 0.55 0.78 0.66 0.28 0.11
% Positive Months details 75% 63% 66% 65% 62% 60%
Positive Months 9 23 40 79 151 182
Negative Months 3 13 20 41 89 121
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 20.68 23.07 23.07
Worst 10 Years Return (%) - Annualized 7.56 -8.78
Best 10 Years Return (%) - Annualized 17.35 20.49 20.49
Worst 10 Years Return (%) - Annualized 5.09 -10.87
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
 1Y 3Y 5Y 10Y 20Y MAX
Over the latest 20Y
Best Rolling Return (%) - Annualized 66.90 42.63 30.82 23.07 13.94
Worst Rolling Return (%) - Annualized -41.51 -12.50 -3.86 7.56
% Positive Periods 83% 87% 97% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 71.91 23.86 15.76 10.08 7.98
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 4.18 7.00
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 62.64 37.72 27.05 20.49 11.05
Worst Rolling Return (%) - Annualized -42.85 -14.36 -6.27 5.09
% Positive Periods 79% 85% 93% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 71.91 23.86 15.76 10.08 7.98
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 4.18 7.00
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1999 - Mar 2024)
Best Rolling Return (%) - Annualized 66.90 42.63 30.82 23.07 14.05
Worst Rolling Return (%) - Annualized -59.28 -38.14 -19.76 -8.78 2.69
% Positive Periods 75% 76% 82% 85% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 56.51 11.60 6.61 3.14 1.98
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 0.22
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 62.64 37.72 27.05 20.49 11.27
Worst Rolling Return (%) - Annualized -60.36 -39.62 -21.69 -10.87 0.60
% Positive Periods 71% 73% 77% 80% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 56.51 11.60 6.61 3.14 1.98
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - 0.22
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • 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 portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio 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 portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Mar 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. 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.

Monthly correlations of Technology Select Sector SPDR (XLK) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

TECHNOLOGY SELECT SECTOR SPDR (XLK) ETF
Monthly correlations as of 31 March 2024
Swipe left to see all data
Correlation vs XLK
Asset Class 1 Year 5 Years 10 Years Since
Jan 1999
VTI
 US Total Stock Market
0.80
0.92
0.90
0.86
SPY
 US Large Cap
0.80
0.93
0.91
0.86
IJR
 US Small Cap
0.60
0.73
0.69
0.70
VNQ
 US REITs
0.67
0.73
0.62
0.42
QQQ
 US Technology
0.97
0.98
0.97
0.96
PFF
 Preferred Stocks
0.59
0.69
0.64
0.32
EFA
 EAFE Stocks
0.56
0.78
0.77
0.70
VT
 World All Countries
0.72
0.88
0.87
0.81
EEM
 Emerging Markets
0.59
0.64
0.61
0.66
VGK
 Europe
0.53
0.77
0.75
0.70
VPL
 Pacific
0.66
0.76
0.74
0.62
FLLA
 Latin America
0.67
0.55
0.43
0.57
BND
 US Total Bond Market
0.59
0.56
0.42
0.08
TLT
 Long Term Treasuries
0.66
0.30
0.17
-0.11
BIL
 US Cash
0.19
0.01
0.03
-0.09
TIP
 TIPS
0.49
0.66
0.53
0.10
LQD
 Invest. Grade Bonds
0.63
0.67
0.56
0.22
HYG
 High Yield Bonds
0.63
0.76
0.70
0.53
CWB
 US Convertible Bonds
0.71
0.81
0.81
0.77
BNDX
 International Bonds
0.61
0.62
0.48
0.13
EMB
 Emerg. Market Bonds
0.70
0.71
0.61
0.45
GLD
 Gold
0.10
0.24
0.09
-0.01
DBC
 Commodities
-0.36
0.28
0.28
0.23

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

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.

TECHNOLOGY SELECT SECTOR SPDR (XLK) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 April 2004 - 31 March 2024 (20 Years)
Data Source: 1 January 1999 - 31 March 2024 (~25 years)
Inflation Adjusted:
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Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

TECHNOLOGY SELECT SECTOR SPDR (XLK) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 April 2004 - 31 March 2024 (20 Years)
Data Source: 1 January 1999 - 31 March 2024 (~25 years)
Inflation Adjusted:

If you need a deeper detail about rolling returns, please refer to the Technology Select Sector SPDR (XLK) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Technology Select Sector SPDR (XLK) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Technology Select Sector SPDR (XLK) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

TECHNOLOGY SELECT SECTOR SPDR (XLK) ETF
Monthly Returns Distribution
Data Source: 1 April 2004 - 31 March 2024 (20 Years)
Data Source: 1 January 1999 - 31 March 2024 (~25 years)
151 Positive Months (63%) - 89 Negative Months (37%)
182 Positive Months (60%) - 121 Negative Months (40%)
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(Scroll down to see all data)
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