Technology Select Sector SPDR (XLK): Historical Returns

Data Source: from January 1999 to February 2024 (~25 years)
Consolidated Returns as of 29 February 2024
Live Update: Mar 01 2024
Category: Stocks
Technology Select Sector SPDR (XLK) ETF
ETF • LIVE PERFORMANCE (USD currency)
1.83%
1 Day
Mar 01 2024
1.83%
Current Month
March 2024

In the last 20 Years, the Technology Select Sector SPDR (XLK) ETF obtained a 13.74% compound annual return, with a 18.00% 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 Feb 29, 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 29 February 2024
Live Update: Mar 01 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Feb 29, 2024
  1 Day Time ET(*) Mar 2024 1M 6M 1Y 5Y 10Y 20Y MAX
(~25Y)
Technology Select Sector SPDR (XLK) ETF 1.83 1.83 4.70 18.34 52.93 25.21 20.64 13.74 8.83
US Inflation Adjusted return 4.70 17.00 48.89 20.28 17.38 10.90 6.13
Returns over 1 year are annualized | Available data source: since Jan 1999
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Pending updates, the monthly inflation is set at 0% for the subsequent periods. Current inflation (annualized) is 1Y: 2.71% , 5Y: 4.10% , 10Y: 2.77% , 20Y: 2.56%

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 Feb 29, 2024

An investment of 1$, since March 2004, now would be worth 13.12$, with a total return of 1212.33% (13.74% annualized).

The Inflation Adjusted Capital now would be 7.91$, with a net total return of 691.17% (10.90% annualized).
An investment of 1$, since January 1999, now would be worth 8.41$, with a total return of 741.22% (8.83% annualized).

The Inflation Adjusted Capital now would be 4.47$, with a net total return of 346.57% (6.13% annualized).

Investment Metrics as of Feb 29, 2024

Metrics of Technology Select Sector SPDR (XLK) ETF, updated as of 29 February 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 - 29 February 2024 (~25 years)
Swipe left to see all data
Metrics as of Feb 29, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y MAX
(~25Y)
Investment Return (%) 4.70 12.03 18.34 52.93 17.60 25.21 20.64 13.74 8.83
Infl. Adjusted Return (%) details 4.70 11.43 17.00 48.89 11.45 20.28 17.38 10.90 6.13
US Inflation (%) 0.00 0.54 1.14 2.71 5.52 4.10 2.77 2.56 2.55
Pending updates, the monthly inflation after Jan 2024 is set at 0%. 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 64 201
Period Start (yyyy mm) 2023 07 2021 12 2020 09 2020 09 2004 03 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 -1.22 -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 78 228
Period Start (yyyy mm) 2023 06 2021 07 2020 09 2020 09 2004 03 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 -1.20 -0.18
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y MAX
Standard Deviation (%) 18.18 22.74 22.34 18.64 18.00 23.07
Sharpe Ratio 2.62 0.67 1.05 1.04 0.69 0.21
Sortino Ratio 3.74 0.89 1.38 1.42 0.92 0.28
Ulcer Index 3.11 13.39 10.82 8.18 12.41 44.62
Ratio: Return / Standard Deviation 2.91 0.77 1.13 1.11 0.76 0.38
Ratio: Return / Deepest Drawdown 6.71 0.56 0.81 0.66 0.28 0.11
% Positive Months details 75% 63% 66% 65% 62% 59%
Positive Months 9 23 40 79 150 181
Negative Months 3 13 20 41 90 121
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y MAX
Best 10 Years Return (%) - Annualized 20.64 23.07 23.07
Worst 10 Years Return (%) - Annualized 7.23 -8.78
Best 10 Years Return (%) - Annualized 17.38 20.49 20.49
Worst 10 Years Return (%) - Annualized 4.77 -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 13.74
Worst Rolling Return (%) - Annualized -41.51 -12.50 -6.38 7.23
% Positive Periods 82% 87% 97% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 71.91 23.86 15.76 10.08 7.71
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 3.85 6.74
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 10.90
Worst Rolling Return (%) - Annualized -42.85 -14.36 -8.79 4.77
% Positive Periods 79% 85% 92% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 71.91 23.86 15.76 10.08 7.71
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - 3.85 6.74
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1999 - Feb 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% 76% 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 Feb 29, 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 29 February 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
0.76
0.92
0.90
0.86
SPY
US Large Cap
0.79
0.93
0.91
0.86
IJR
US Small Cap
0.43
0.73
0.69
0.70
VNQ
US REITs
0.56
0.73
0.62
0.42
QQQ
US Technology
0.97
0.98
0.97
0.96
PFF
Preferred Stocks
0.33
0.69
0.64
0.32
EFA
EAFE Stocks
0.59
0.78
0.77
0.70
VT
World All Countries
0.71
0.88
0.87
0.81
EEM
Emerging Markets
0.63
0.64
0.61
0.66
VGK
Europe
0.55
0.77
0.75
0.70
VPL
Pacific
0.69
0.76
0.74
0.62
FLLA
Latin America
0.59
0.55
0.43
0.57
BND
US Total Bond Market
0.66
0.57
0.42
0.08
TLT
Long Term Treasuries
0.71
0.31
0.17
-0.11
BIL
US Cash
0.08
0.01
0.03
-0.09
TIP
TIPS
0.62
0.66
0.53
0.10
LQD
Invest. Grade Bonds
0.70
0.68
0.56
0.22
HYG
High Yield Bonds
0.66
0.76
0.70
0.53
CWB
US Convertible Bonds
0.65
0.81
0.81
0.77
BNDX
International Bonds
0.70
0.63
0.48
0.13
EMB
Emerg. Market Bonds
0.71
0.72
0.61
0.45
GLD
Gold
0.41
0.25
0.09
-0.01
DBC
Commodities
-0.30
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 March 2004 - 29 February 2024 (20 Years)
Data Source: 1 January 1999 - 29 February 2024 (~25 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-49.46% Nov 2007 Feb 2009 16 Jan 2012 35 51 23.17
-31.22% Jan 2022 Sep 2022 9 Jun 2023 9 18 18.46
-17.37% Sep 2018 Dec 2018 4 Apr 2019 4 8 8.36
-15.25% Feb 2020 Mar 2020 2 May 2020 2 4 7.73
-10.61% Jan 2005 Apr 2005 4 Nov 2005 7 11 4.94
-10.57% Apr 2006 Jul 2006 4 Oct 2006 3 7 5.68
-10.28% Mar 2004 Aug 2004 6 Nov 2004 3 9 5.20
-10.07% Sep 2020 Oct 2020 2 Nov 2020 1 3 5.70
-8.66% May 2019 May 2019 1 Jul 2019 2 3 4.34
-8.07% Jun 2015 Sep 2015 4 Oct 2015 1 5 4.66
-7.89% Aug 2023 Sep 2023 2 Nov 2023 2 4 5.02
-7.39% Apr 2012 May 2012 2 Aug 2012 3 5 3.69
-6.36% Oct 2012 Oct 2012 1 Apr 2013 6 7 4.09
-6.32% Dec 2015 Feb 2016 3 Mar 2016 1 4 3.92
-5.84% Sep 2021 Sep 2021 1 Oct 2021 1 2 3.37
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 88 2.7 Months 36.51%
 
DD = 0% 36.51%
 
0% < DD <= -5% 62 3.9 Months 25.73%
 
DD <= -5% 62.24%
 
-5% < DD <= -10% 34 7.1 Months 14.11%
 
DD <= -10% 76.35%
 
-10% < DD <= -15% 13 18.5 Months 5.39%
 
DD <= -15% 81.74%
 
-15% < DD <= -20% 13 18.5 Months 5.39%
 
DD <= -20% 87.14%
 
-20% < DD <= -25% 13 18.5 Months 5.39%
 
DD <= -25% 92.53%
 
-25% < DD <= -30% 8 30.1 Months 3.32%
 
DD <= -30% 95.85%
 
-30% < DD <= -35% 2 120.5 Months 0.83%
 
DD <= -35% 96.68%
 
-35% < DD <= -40% 2 120.5 Months 0.83%
 
DD <= -40% 97.51%
 
-40% < DD <= -45% 3 80.3 Months 1.24%
 
DD <= -45% 98.76%
 
-45% < DD <= -50% 3 80.3 Months 1.24%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-50.29% Nov 2007 Feb 2009 16 Mar 2012 37 53 24.80
-34.82% Jan 2022 Sep 2022 9 Dec 2023 15 24 19.64
-17.73% Sep 2018 Dec 2018 4 Apr 2019 4 8 8.65
-15.00% Feb 2020 Mar 2020 2 May 2020 2 4 7.57
-11.98% Apr 2006 Jul 2006 4 Oct 2006 3 7 6.56
-11.53% Jan 2005 Apr 2005 4 Mar 2006 11 15 5.20
-11.47% Mar 2004 Aug 2004 6 Dec 2004 4 10 5.81
-10.38% Sep 2020 Oct 2020 2 Dec 2020 2 4 5.27
-8.69% May 2019 May 2019 1 Jul 2019 2 3 4.35
-8.26% Jun 2015 Sep 2015 4 Oct 2015 1 5 4.88
-7.36% Apr 2012 May 2012 2 Aug 2012 3 5 3.66
-6.61% Oct 2012 Oct 2012 1 Apr 2013 6 7 4.31
-6.21% Sep 2021 Sep 2021 1 Oct 2021 1 2 3.59
-6.06% Dec 2015 Feb 2016 3 Mar 2016 1 4 3.78
-5.39% Apr 2016 Apr 2016 1 Jul 2016 3 4 2.72
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 76 3.2 Months 31.54%
 
DD = 0% 31.54%
 
0% < DD <= -5% 57 4.2 Months 23.65%
 
DD <= -5% 55.19%
 
-5% < DD <= -10% 39 6.2 Months 16.18%
 
DD <= -10% 71.37%
 
-10% < DD <= -15% 19 12.7 Months 7.88%
 
DD <= -15% 79.25%
 
-15% < DD <= -20% 13 18.5 Months 5.39%
 
DD <= -20% 84.65%
 
-20% < DD <= -25% 12 20.1 Months 4.98%
 
DD <= -25% 89.63%
 
-25% < DD <= -30% 10 24.1 Months 4.15%
 
DD <= -30% 93.78%
 
-30% < DD <= -35% 6 40.2 Months 2.49%
 
DD <= -35% 96.27%
 
-35% < DD <= -40% 3 80.3 Months 1.24%
 
DD <= -40% 97.51%
 
-40% < DD <= -45% 2 120.5 Months 0.83%
 
DD <= -45% 98.34%
 
-45% < DD <= -50% 3 80.3 Months 1.24%
 
DD <= -50% 99.59%
 
-50% < DD <= -55% 1 241.0 Months 0.41%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-80.47% Apr 2000 Sep 2002 30 Jan 2017 172 202 54.16
-31.22% Jan 2022 Sep 2022 9 Jun 2023 9 18 18.46
-17.37% Sep 2018 Dec 2018 4 Apr 2019 4 8 8.36
-15.25% Feb 2020 Mar 2020 2 May 2020 2 4 7.73
-10.07% Sep 2020 Oct 2020 2 Nov 2020 1 3 5.70
-9.92% Feb 1999 Feb 1999 1 Jun 1999 4 5 4.49
-8.66% May 2019 May 2019 1 Jul 2019 2 3 4.34
-7.89% Aug 2023 Sep 2023 2 Nov 2023 2 4 5.02
-6.15% Jan 2000 Jan 2000 1 Feb 2000 1 2 3.55
-5.84% Sep 2021 Sep 2021 1 Oct 2021 1 2 3.37
-4.13% Feb 2018 Mar 2018 2 May 2018 2 4 2.60
-2.81% Jun 2017 Jun 2017 1 Jul 2017 1 2 1.62
-1.54% Aug 2019 Aug 2019 1 Sep 2019 1 2 0.89
-1.16% Jul 1999 Jul 1999 1 Aug 1999 1 2 0.67
-0.93% May 2021 May 2021 1 Jun 2021 1 2 0.54
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 52 5.8 Months 17.16%
 
DD = 0% 17.16%
 
0% < DD <= -5% 23 13.2 Months 7.59%
 
DD <= -5% 24.75%
 
-5% < DD <= -10% 17 17.8 Months 5.61%
 
DD <= -10% 30.36%
 
-10% < DD <= -15% 11 27.5 Months 3.63%
 
DD <= -15% 33.99%
 
-15% < DD <= -20% 19 15.9 Months 6.27%
 
DD <= -20% 40.26%
 
-20% < DD <= -25% 12 25.3 Months 3.96%
 
DD <= -25% 44.22%
 
-25% < DD <= -30% 6 50.5 Months 1.98%
 
DD <= -30% 46.20%
 
-30% < DD <= -35% 7 43.3 Months 2.31%
 
DD <= -35% 48.51%
 
-35% < DD <= -40% 3 101.0 Months 0.99%
 
DD <= -40% 49.50%
 
-40% < DD <= -45% 13 23.3 Months 4.29%
 
DD <= -45% 53.80%
 
-45% < DD <= -50% 8 37.9 Months 2.64%
 
DD <= -50% 56.44%
 
-50% < DD <= -55% 20 15.2 Months 6.60%
 
DD <= -55% 63.04%
 
-55% < DD <= -60% 23 13.2 Months 7.59%
 
DD <= -60% 70.63%
 
-60% < DD <= -65% 35 8.7 Months 11.55%
 
DD <= -65% 82.18%
 
-65% < DD <= -70% 34 8.9 Months 11.22%
 
DD <= -70% 93.40%
 
-70% < DD <= -100% 20 15.2 Months 6.60%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-81.53% Apr 2000 Sep 2002 30 Aug 2018 191 221 59.14
-34.82% Jan 2022 Sep 2022 9 Dec 2023 15 24 19.64
-17.73% Sep 2018 Dec 2018 4 Apr 2019 4 8 8.65
-15.00% Feb 2020 Mar 2020 2 May 2020 2 4 7.57
-10.38% Sep 2020 Oct 2020 2 Dec 2020 2 4 5.27
-9.92% Feb 1999 Feb 1999 1 Jun 1999 4 5 4.65
-8.69% May 2019 May 2019 1 Jul 2019 2 3 4.35
-6.43% Jan 2000 Jan 2000 1 Feb 2000 1 2 3.71
-6.21% Sep 2021 Sep 2021 1 Oct 2021 1 2 3.59
-1.63% Aug 2019 Aug 2019 1 Oct 2019 2 3 0.82
-1.57% Jul 1999 Jul 1999 1 Aug 1999 1 2 0.91
-1.56% May 2021 May 2021 1 Jun 2021 1 2 0.90
-1.03% Jan 2021 Jan 2021 1 Mar 2021 2 3 0.52
-0.83% Sep 1999 Sep 1999 1 Oct 1999 1 2 0.48
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 32 9.5 Months 10.56%
 
DD = 0% 10.56%
 
0% < DD <= -5% 22 13.8 Months 7.26%
 
DD <= -5% 17.82%
 
-5% < DD <= -10% 17 17.8 Months 5.61%
 
DD <= -10% 23.43%
 
-10% < DD <= -15% 10 30.3 Months 3.30%
 
DD <= -15% 26.73%
 
-15% < DD <= -20% 10 30.3 Months 3.30%
 
DD <= -20% 30.03%
 
-20% < DD <= -25% 7 43.3 Months 2.31%
 
DD <= -25% 32.34%
 
-25% < DD <= -30% 7 43.3 Months 2.31%
 
DD <= -30% 34.65%
 
-30% < DD <= -35% 10 30.3 Months 3.30%
 
DD <= -35% 37.95%
 
-35% < DD <= -40% 9 33.7 Months 2.97%
 
DD <= -40% 40.92%
 
-40% < DD <= -45% 16 18.9 Months 5.28%
 
DD <= -45% 46.20%
 
-45% < DD <= -50% 7 43.3 Months 2.31%
 
DD <= -50% 48.51%
 
-50% < DD <= -55% 5 60.6 Months 1.65%
 
DD <= -55% 50.17%
 
-55% < DD <= -60% 20 15.2 Months 6.60%
 
DD <= -60% 56.77%
 
-60% < DD <= -65% 30 10.1 Months 9.90%
 
DD <= -65% 66.67%
 
-65% < DD <= -70% 54 5.6 Months 17.82%
 
DD <= -70% 84.49%
 
-70% < DD <= -100% 47 6.4 Months 15.51%
 
DD <= -100% 100.00%
 

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 March 2004 - 29 February 2024 (20 Years)
Data Source: 1 January 1999 - 29 February 2024 (~25 years)
Inflation Adjusted:
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -41.51 01/2008
12/2008
0.58$ -1.66 0.98$ 15.10 1.15$ 34.28 1.34$ 66.90 04/2020
03/2021
1.66$ 52.93 17.03%
2Y -21.05 03/2007
02/2009
0.62$ 3.17 1.06$ 14.58 1.31$ 26.20 1.59$ 46.70 01/2019
12/2020
2.15$ 16.97 9.68%
3Y -12.50 03/2006
02/2009
0.66$ 3.81 1.11$ 15.66 1.54$ 24.47 1.92$ 42.63 01/2019
12/2021
2.90$ 17.60 12.20%
5Y -6.38 03/2004
02/2009
0.71$ 3.81 1.20$ 16.19 2.11$ 22.25 2.73$ 30.82 01/2017
12/2021
3.83$ 25.21 2.76%
7Y 3.88 01/2005
12/2011
1.30$ 6.90 1.59$ 16.45 2.90$ 21.97 4.01$ 24.54 01/2015
12/2021
4.64$ 23.13 0.00%
10Y 7.23 03/2004
02/2014
2.00$ 8.95 2.35$ 16.69 4.68$ 19.89 6.13$ 23.07 01/2012
12/2021
7.97$ 20.64 0.00%
15Y 10.15 03/2004
02/2019
4.26$ 11.74 5.28$ 14.17 7.30$ 16.18 9.48$ 21.36 03/2009
02/2024
18.24$ 21.36 0.00%
20Y 13.74 03/2004
02/2024
13.12$ 13.74 13.12$ 13.74 13.12$ 13.74 13.12$ 13.74 03/2004
02/2024
13.12$ 13.74 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -42.85 11/2007
10/2008
0.57$ -4.34 0.95$ 12.34 1.12$ 30.14 1.30$ 62.64 04/2020
03/2021
1.62$ 48.89 20.96%
2Y -22.64 03/2007
02/2009
0.59$ -1.07 0.97$ 12.01 1.25$ 23.07 1.51$ 44.09 01/2019
12/2020
2.07$ 12.12 16.59%
3Y -14.36 03/2006
02/2009
0.62$ 0.88 1.02$ 13.22 1.45$ 20.93 1.76$ 37.72 01/2019
12/2021
2.61$ 11.45 14.15%
5Y -8.79 03/2004
02/2009
0.63$ 1.66 1.08$ 14.16 1.93$ 18.85 2.37$ 27.05 01/2017
12/2021
3.31$ 20.28 7.18%
7Y 1.39 01/2005
12/2011
1.10$ 4.50 1.36$ 14.42 2.56$ 18.76 3.33$ 21.80 09/2013
08/2020
3.97$ 19.01 0.00%
10Y 4.77 03/2004
02/2014
1.59$ 6.92 1.95$ 14.62 3.91$ 17.42 4.98$ 20.49 01/2012
12/2021
6.45$ 17.38 0.00%
15Y 7.93 03/2004
02/2019
3.14$ 9.53 3.91$ 11.90 5.40$ 13.74 6.89$ 18.36 03/2009
02/2024
12.53$ 18.36 0.00%
20Y 10.90 03/2004
02/2024
7.91$ 10.90 7.91$ 10.90 7.91$ 10.90 7.91$ 10.90 03/2004
02/2024
7.91$ 10.90 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -59.28 09/2000
08/2001
0.40$ -15.24 0.84$ 13.00 1.12$ 34.28 1.34$ 66.90 04/2020
03/2021
1.66$ 52.93 24.40%
2Y -49.88 09/2000
08/2002
0.25$ -10.72 0.79$ 11.43 1.24$ 23.21 1.51$ 46.70 01/2019
12/2020
2.15$ 16.97 21.51%
3Y -38.14 04/2000
03/2003
0.23$ -6.08 0.82$ 13.70 1.46$ 21.90 1.81$ 42.63 01/2019
12/2021
2.90$ 17.60 23.97%
5Y -19.76 04/2000
03/2005
0.33$ -3.86 0.82$ 13.35 1.87$ 20.55 2.54$ 30.82 01/2017
12/2021
3.83$ 25.21 17.70%
7Y -12.19 04/2000
03/2007
0.40$ -2.15 0.85$ 9.77 1.92$ 20.65 3.72$ 24.54 01/2015
12/2021
4.64$ 23.13 17.81%
10Y -8.78 09/2000
08/2010
0.39$ 0.09 1.00$ 9.62 2.50$ 19.48 5.92$ 23.07 01/2012
12/2021
7.97$ 20.64 14.21%
15Y -1.40 04/2000
03/2015
0.80$ 0.93 1.14$ 11.62 5.20$ 15.30 8.45$ 21.36 03/2009
02/2024
18.24$ 21.36 6.50%
20Y 2.69 04/2000
03/2020
1.70$ 4.55 2.43$ 10.66 7.58$ 13.44 12.45$ 14.05 04/2003
03/2023
13.87$ 13.74 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -60.36 09/2000
08/2001
0.39$ -20.31 0.79$ 10.60 1.10$ 30.61 1.30$ 62.64 04/2020
03/2021
1.62$ 48.89 28.52%
2Y -50.98 09/2000
08/2002
0.24$ -12.28 0.76$ 9.40 1.19$ 21.32 1.47$ 44.09 01/2019
12/2020
2.07$ 12.12 28.67%
3Y -39.62 04/2000
03/2003
0.22$ -8.24 0.77$ 11.00 1.36$ 18.81 1.67$ 37.72 01/2019
12/2021
2.61$ 11.45 26.22%
5Y -21.69 04/2000
03/2005
0.29$ -6.27 0.72$ 11.46 1.71$ 17.80 2.26$ 27.05 01/2017
12/2021
3.31$ 20.28 23.05%
7Y -14.46 04/2000
03/2007
0.33$ -4.93 0.70$ 8.19 1.73$ 17.84 3.15$ 21.80 09/2013
08/2020
3.97$ 19.01 19.18%
10Y -10.87 09/2000
08/2010
0.31$ -2.23 0.79$ 7.67 2.09$ 16.73 4.69$ 20.49 01/2012
12/2021
6.45$ 17.38 19.67%
15Y -3.50 04/2000
03/2015
0.58$ -1.43 0.80$ 9.36 3.82$ 12.78 6.07$ 18.36 03/2009
02/2024
12.53$ 18.36 19.51%
20Y 0.60 04/2000
03/2020
1.12$ 2.34 1.58$ 8.32 4.94$ 10.64 7.55$ 11.27 04/2003
03/2023
8.45$ 10.90 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods

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 Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.65
60%
-1.14
60%
2.46
80%
2.83
60%
1.16
40%
3.91
80%
5.82
100%
1.24
40%
-5.61
20%
2.95
80%
8.08
100%
1.82
80%
Best 9.3
2023
4.7
2024
10.9
2023
13.7
2020
8.9
2023
8.9
2019
13.5
2022
11.9
2020
1.6
2019
8.2
2021
12.9
2023
5.5
2020
Worst -6.8
2022
-7.3
2020
-8.6
2020
-11.0
2022
-8.7
2019
-9.3
2022
2.6
2023
-6.2
2022
-12.0
2022
-5.0
2020
4.5
2021
-8.2
2022
Monthly Seasonality over the period Feb 1999 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.86
60%
1.27
60%
1.66
70%
1.42
70%
2.71
70%
1.29
50%
4.73
100%
1.46
60%
-2.70
30%
2.46
70%
4.56
90%
-0.07
60%
Best 9.3
2023
8.0
2015
10.9
2023
13.7
2020
8.9
2023
8.9
2019
13.5
2022
11.9
2020
2.1
2016
10.5
2015
12.9
2023
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 Seasonality over the period Feb 1999 - Feb 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
1.18
54%
-0.75
58%
1.91
68%
1.44
64%
0.94
60%
0.37
48%
1.74
68%
0.77
56%
-2.54
44%
2.94
68%
2.87
76%
0.38
56%
Best 19.1
2001
10.5
2000
11.2
2009
16.2
2001
8.9
2023
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 Seasonality over the period Feb 1999 - Feb 2024

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 March 2004 - 29 February 2024 (20 Years)
Data Source: 1 January 1999 - 29 February 2024 (~25 years)
150 Positive Months (63%) - 90 Negative Months (38%)
181 Positive Months (60%) - 121 Negative Months (40%)
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