BTA vs. XLK
Compare and contrast key facts about BlackRock Long-Term Municipal Advantage Trust (BTA) 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: BTA or XLK.
Key characteristics
| BTA | XLK | |
|---|---|---|
| YTD Return | 8.73% | 14.92% |
| 1Y Return | 18.74% | 29.00% |
| 3Y Return (Ann) | -5.15% | 13.09% |
| 5Y Return (Ann) | 2.25% | 23.34% |
| 10Y Return (Ann) | 5.08% | 20.13% |
| Sharpe Ratio | 1.48 | 1.40 |
| Daily Std Dev | 12.81% | 21.44% |
| Max Drawdown | -56.68% | -82.05% |
| Current Drawdown | -18.14% | -7.25% |
Correlation
The correlation between BTA and XLK is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTA vs. XLK - Performance Comparison
In the year-to-date period, BTA achieves a 8.73% return, which is significantly lower than XLK's 14.92% return. Over the past 10 years, BTA has underperformed XLK with an annualized return of 5.08%, while XLK has yielded a comparatively higher 20.13% 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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Risk-Adjusted Performance
BTA vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Long-Term Municipal Advantage Trust (BTA) 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
BTA vs. XLK - Dividend Comparison
BTA's dividend yield for the trailing twelve months is around 4.46%, more than XLK's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTA BlackRock Long-Term Municipal Advantage Trust | 4.46% | 5.11% | 6.73% | 4.19% | 4.79% | 4.74% | 6.09% | 5.45% | 5.94% | 6.04% | 6.48% | 7.28% |
XLK Technology Select Sector SPDR Fund | 0.69% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
BTA vs. XLK - Drawdown Comparison
The maximum BTA drawdown since its inception was -56.68%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for BTA and XLK. For additional features, visit the drawdowns tool.
Volatility
BTA vs. XLK - Volatility Comparison
The current volatility for BlackRock Long-Term Municipal Advantage Trust (BTA) is 1.90%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 8.66%. This indicates that BTA 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.