Technology Select Sector SPDR Fund (XLK) Performance
XLK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +27.7% since Dec 31, 2025
- 1 year
- +27.4% total return
- 5 years
- +19.1% a year
- 10 years
- +23.9% a year
- Since first price
- +10.3% a year since 1998
XLK trailing returns vs SPY, QQQ, AGG
| Period | XLK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.2% | −6.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.8% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +17.9% | +17.6% | +7.8% | +8.4% | −1.5% |
| YTD | +27.7% | +27.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +27.4% | +26.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +127.5%+31.5%/yr | +123.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +140.0%+19.1%/yr | +131.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +753.9%+23.9%/yr | +671.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +1,640.6%+21.0%/yr | +1,335.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +1,974.6%+16.4%/yr | +1,500.3% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionDec 22, 1998 | +1,440.3%+10.3%/yr | +1,043.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XLK vs SPY
From Dec 22, 1998: XLK grew to $154,030, SPY to $101,831.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XLK returns by calendar year
20 of 27 full years positive. Best 1999 (+65.1%), worst 2000 (−41.9%). 2026 is year to date.
XLK annual returns table
| Year | XLK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +27.7% | −15.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +24.6% | −25.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +21.6% | −17.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +56.0% | −10.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −27.7% | −33.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +34.7% | −9.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +43.6% | −31.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +49.9% | −10.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −1.7% | −23.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +34.3% | −5.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +15.0% | −8.4% | +12.0% | +7.1% | +2.4% |
| 2015 | +5.5% | −13.7% | +1.2% | +9.4% | +0.5% |
| 2014 | +17.8% | −8.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +26.2% | −5.9% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.3% | −12.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +2.6% | −16.1% | +1.9% | +3.4% | +7.7% |
| 2010 | +11.4% | −15.4% | +15.1% | +19.9% | +6.4% |
| 2009 | +51.3% | −18.9% | +26.4% | +54.7% | +3.0% |
| 2008 | −41.5% | −49.2% | −36.8% | −41.7% | +7.9% |
| 2007 | +15.5% | −11.1% | +5.1% | +19.0% | +6.6% |
| 2006 | +12.2% | −15.7% | +15.8% | +7.1% | +3.9% |
| 2005 | −0.3% | −11.8% | +4.8% | +1.6% | +2.3% |
| 2004 | +5.6% | −18.8% | +10.7% | +10.5% | +3.8% |
| 2003 | +38.7% | −18.2% | +28.2% | +49.7% | — |
| 2002 | −38.2% | −55.2% | −21.6% | −37.4% | — |
| 2001 | −23.4% | −52.3% | −11.8% | −33.3% | — |
| 2000 | −41.9% | −52.7% | −9.7% | −36.1% | — |
| 1999 | +65.1% | −12.8% | +20.4% | — | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XLK largest drawdowns
Now 9.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 27, 2000 | −82.0% | Oct 9, 2002 | Mar 1, 2017 | 2.5 years | 16.9 years |
| Dec 27, 2021 | −33.6% | Oct 12, 2022 | Jun 15, 2023 | 9 months | 1.5 years |
| Feb 19, 2020 | −31.2% | Mar 23, 2020 | Jun 9, 2020 | 33 days | 4 months |
| Feb 19, 2025 | −25.7% | Apr 8, 2025 | Jun 12, 2025 | 48 days | 4 months |
| Oct 3, 2018 | −23.8% | Dec 24, 2018 | Apr 3, 2019 | 3 months | 6 months |
| Jul 10, 2024 | −17.0% | Aug 7, 2024 | Nov 7, 2024 | 28 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XLK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 1998 |
|---|---|---|---|---|
| Annualized return | +34.5% | +22.2% | +24.7% | +10.5% |
| Volatility (annualized) | 22.7% | 24.0% | 21.0% | 23.1% |
| Sharpe ratio | 1.23 | 0.81 | 1.06 | — |
| Sortino ratio | 2.96 | 1.47 | 1.92 | — |
| Best month | +20.0% | +20.0% | +20.0% | +24.8% |
| Worst month | −8.3% | −12.0% | −12.0% | −24.9% |
| Best 12 months | +66.4% | +66.4% | +66.8% | +66.8% |
| Worst 12 months | −0.2% | −27.7% | −27.7% | −59.3% |
| Positive months | 61% | 58% | 64% | 59% |
| Beta vs S&P 500 | 1.51 | 1.33 | 1.19 | — |
| Correlation with S&P 500 | 0.82 | 0.87 | 0.87 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XLK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 323 | −59.3% | +15.3% | +66.8% | 78% |
| 3-year (a year) | 299 | −38.1% | +14.5% | +42.6% | 79% |
| 5-year (a year) | 275 | −19.8% | +15.2% | +30.8% | 84% |
| 10-year (a year) | 215 | −8.8% | +11.1% | +25.6% | 88% |
Every holding period starting at a month-end since 1998. Returns for 3 years and longer are annualized.
XLK performance overview
Technology Select Sector SPDR Fund (XLK) returned +27.4% over the past year and +23.9% a year over ten years, with distributions reinvested. Since its first recorded price in 1998 it has returned +10.3% a year, turning $10,000 into about $154,030. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −82.0%, from Mar 27, 2000 to Oct 9, 2002, and it took 14.4 years to get back to the old high. XLK finished 20 of its 27 full calendar years with a gain; the best year was 1999 (+65.1%) and the worst 2000 (−41.9%). Volatility has been 23.1% a year.
Related: XLK chart, XLK holdings, XLK dividends, XLK valuation. See the XLK overview for the latest quote and fund facts.
XLK performance FAQ
What is the XLK return over the past year?
XLK returned +27.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 26.8%.
What is the average annual return of XLK?
XLK has returned +19.1% a year over 5 years, +23.9% a year over 10 years, +10.3% a year since December 22, 1998 (total return, distributions reinvested).
How much would $10,000 invested in XLK be worth?
$10,000 invested in XLK at its first recorded close on December 22, 1998 would be worth about $154,030 on October 23, 2026 with distributions reinvested.
What was the worst year for XLK?
The worst calendar year was 2000, with a total return of −41.9%. The best was 1999 at +65.1%.
What is the biggest drawdown of XLK?
The largest peak-to-trough decline was −82.0% between March 27, 2000 and October 9, 2002. It recovered to the old high on March 1, 2017, 14.4 years after the bottom.
How volatile is XLK?
Over the past 3 years XLK had an annualized volatility of 22.7% and a Sharpe ratio of 1.23 (excess return over 1–3 month T-bills per unit of risk).