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.
Key characteristics
| AWGIX | XLK | |
|---|---|---|
| YTD Return | 7.10% | 2.14% |
| 1Y Return | 34.39% | 31.11% |
| 3Y Return (Ann) | 5.83% | 12.99% |
| 5Y Return (Ann) | 13.31% | 21.50% |
| 10Y Return (Ann) | 9.06% | 19.99% |
| Sharpe Ratio | 2.21 | 1.75 |
| Daily Std Dev | 15.66% | 17.83% |
| Max Drawdown | -52.78% | -82.05% |
| Current Drawdown | -5.81% | -6.84% |
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
In the year-to-date period, AWGIX achieves a 7.10% return, which is significantly higher than XLK's 2.14% return. Over the past 10 years, AWGIX has underperformed XLK with an annualized return of 9.06%, while XLK has yielded a comparatively higher 19.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 1.09%, more than XLK's 0.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWGIX CIBC Atlas All Cap Growth Fund | 1.09% | 1.17% | 6.87% | 11.20% | 7.87% | 10.11% | 20.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.76% | 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 -52.78%, 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
The current volatility for CIBC Atlas All Cap Growth Fund (AWGIX) is 5.09%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 5.84%. This indicates that AWGIX experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.