CGNT vs. XLE
Compare and contrast key facts about Cognyte Software Ltd. (CGNT) and Energy Select Sector SPDR Fund (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy 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: CGNT or XLE.
Key characteristics
| CGNT | XLE | |
|---|---|---|
| YTD Return | 19.44% | 12.52% |
| 1Y Return | 81.13% | 23.30% |
| 3Y Return (Ann) | -32.32% | 25.56% |
| Sharpe Ratio | 1.51 | 1.27 |
| Daily Std Dev | 54.26% | 18.46% |
| Max Drawdown | -93.82% | -71.54% |
| Current Drawdown | -79.79% | -4.59% |
Correlation
The correlation between CGNT and XLE 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
CGNT vs. XLE - Performance Comparison
In the year-to-date period, CGNT achieves a 19.44% return, which is significantly higher than XLE's 12.52% 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
CGNT vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cognyte Software Ltd. (CGNT) and Energy Select Sector SPDR Fund (XLE). 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
CGNT vs. XLE - Dividend Comparison
CGNT has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 3.12%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGNT Cognyte Software Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLE Energy Select Sector SPDR Fund | 3.12% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
CGNT vs. XLE - Drawdown Comparison
The maximum CGNT drawdown since its inception was -93.82%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for CGNT and XLE. For additional features, visit the drawdowns tool.
Volatility
CGNT vs. XLE - Volatility Comparison
Cognyte Software Ltd. (CGNT) has a higher volatility of 8.41% compared to Energy Select Sector SPDR Fund (XLE) at 4.58%. This indicates that CGNT's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.