AIT vs. XLK
Compare and contrast key facts about Applied Industrial Technologies, Inc. (AIT) and Technology Select Sector SPDR Fund (XLK).
XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AIT or XLK.
Correlation
The correlation between AIT and XLK is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AIT vs. XLK - Performance Comparison
Key characteristics
AIT:
0.82
XLK:
0.22
AIT:
1.42
XLK:
0.51
AIT:
1.18
XLK:
1.07
AIT:
1.09
XLK:
0.25
AIT:
2.99
XLK:
0.83
AIT:
9.67%
XLK:
7.83%
AIT:
35.36%
XLK:
30.22%
AIT:
-66.46%
XLK:
-82.05%
AIT:
-14.80%
XLK:
-13.77%
Returns By Period
In the year-to-date period, AIT achieves a -0.21% return, which is significantly higher than XLK's -10.19% return. Over the past 10 years, AIT has outperformed XLK with an annualized return of 21.16%, while XLK has yielded a comparatively lower 18.55% annualized return.
AIT
-0.21%
2.73%
3.46%
32.79%
38.52%
21.16%
XLK
-10.19%
-1.44%
-9.17%
5.05%
19.52%
18.55%
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Risk-Adjusted Performance
AIT vs. XLK — Risk-Adjusted Performance Rank
AIT
XLK
AIT vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) and Technology Select Sector SPDR Fund (XLK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AIT vs. XLK - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.66%, less than XLK's 0.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.66% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% | 2.19% |
XLK Technology Select Sector SPDR Fund | 0.75% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
AIT vs. XLK - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.46%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AIT and XLK. For additional features, visit the drawdowns tool.
Volatility
AIT vs. XLK - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) and Technology Select Sector SPDR Fund (XLK) have volatilities of 19.48% and 19.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.