AWGIX vs. XLK
Compare and contrast key facts about CIBC Atlas All Cap Growth Fund (AWGIX) and Technology Select Sector SPDR Fund (XLK).
AWGIX is managed by CIBC Private Wealth Management. It was launched on Sep 28, 2007. 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: AWGIX or XLK.
Correlation
The correlation between AWGIX and XLK is 0.85, 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
AWGIX vs. XLK - Performance Comparison
Key characteristics
AWGIX:
1.30
XLK:
1.13
AWGIX:
1.82
XLK:
1.58
AWGIX:
1.24
XLK:
1.21
AWGIX:
0.94
XLK:
1.48
AWGIX:
8.59
XLK:
5.07
AWGIX:
2.74%
XLK:
4.94%
AWGIX:
18.11%
XLK:
22.08%
AWGIX:
-52.77%
XLK:
-82.05%
AWGIX:
-7.31%
XLK:
-2.27%
Returns By Period
The year-to-date returns for both investments are quite close, with AWGIX having a 22.59% return and XLK slightly higher at 23.23%. Over the past 10 years, AWGIX has underperformed XLK with an annualized return of 3.81%, while XLK has yielded a comparatively higher 20.32% annualized return.
AWGIX
22.59%
-3.83%
5.54%
23.55%
7.91%
3.81%
XLK
23.23%
1.06%
3.67%
23.50%
22.06%
20.32%
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AWGIX vs. XLK - Expense Ratio Comparison
AWGIX has a 0.96% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
AWGIX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Atlas All Cap Growth Fund (AWGIX) 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
AWGIX vs. XLK - Dividend Comparison
AWGIX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.48%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWGIX CIBC Atlas All Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.48% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
AWGIX vs. XLK - Drawdown Comparison
The maximum AWGIX drawdown since its inception was -52.77%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for AWGIX and XLK. For additional features, visit the drawdowns tool.
Volatility
AWGIX vs. XLK - Volatility Comparison
CIBC Atlas All Cap Growth Fund (AWGIX) has a higher volatility of 6.05% compared to Technology Select Sector SPDR Fund (XLK) at 5.40%. This indicates that AWGIX's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.