BTCM vs. XLK
Compare and contrast key facts about BIT Mining Limited (BTCM) 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: BTCM or XLK.
Performance
BTCM vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, BTCM achieves a -41.47% return, which is significantly lower than XLK's 19.44% return. Over the past 10 years, BTCM has underperformed XLK with an annualized return of -35.64%, while XLK has yielded a comparatively higher 20.13% annualized return.
BTCM
-41.47%
3.51%
15.69%
-1.01%
-49.49%
-35.64%
XLK
19.44%
-0.30%
8.36%
25.78%
22.44%
20.13%
Key characteristics
| BTCM | XLK | |
|---|---|---|
| Sharpe Ratio | -0.02 | 1.22 |
| Sortino Ratio | 0.81 | 1.68 |
| Omega Ratio | 1.09 | 1.23 |
| Calmar Ratio | -0.02 | 1.56 |
| Martin Ratio | -0.03 | 5.38 |
| Ulcer Index | 52.10% | 4.91% |
| Daily Std Dev | 102.39% | 21.72% |
| Max Drawdown | -99.72% | -82.05% |
| Current Drawdown | -99.43% | -3.67% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between BTCM and XLK is 0.23, 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.
Risk-Adjusted Performance
BTCM vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BIT Mining Limited (BTCM) 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
BTCM vs. XLK - Dividend Comparison
BTCM has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCM BIT Mining Limited | 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 | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
BTCM vs. XLK - Drawdown Comparison
The maximum BTCM drawdown since its inception was -99.72%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for BTCM and XLK. For additional features, visit the drawdowns tool.
Volatility
BTCM vs. XLK - Volatility Comparison
BIT Mining Limited (BTCM) has a higher volatility of 28.44% compared to Technology Select Sector SPDR Fund (XLK) at 6.32%. This indicates that BTCM'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.