CTCAX vs. XLK
Compare and contrast key facts about Columbia Global Technology Growth Fund Class A (CTCAX) and Technology Select Sector SPDR Fund (XLK).
CTCAX is managed by Columbia Threadneedle. It was launched on Nov 9, 2000. 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: CTCAX or XLK.
Correlation
The correlation between CTCAX and XLK is 0.91, 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
CTCAX vs. XLK - Performance Comparison
Key characteristics
CTCAX:
1.26
XLK:
0.89
CTCAX:
1.75
XLK:
1.29
CTCAX:
1.23
XLK:
1.17
CTCAX:
1.70
XLK:
1.16
CTCAX:
5.59
XLK:
3.96
CTCAX:
5.07%
XLK:
4.97%
CTCAX:
22.53%
XLK:
22.20%
CTCAX:
-62.92%
XLK:
-82.05%
CTCAX:
-5.15%
XLK:
-5.51%
Returns By Period
In the year-to-date period, CTCAX achieves a -1.12% return, which is significantly higher than XLK's -2.05% return. Over the past 10 years, CTCAX has underperformed XLK with an annualized return of 17.23%, while XLK has yielded a comparatively higher 20.44% annualized return.
CTCAX
-1.12%
-4.76%
-0.50%
28.25%
15.57%
17.23%
XLK
-2.05%
-4.57%
-2.10%
19.29%
19.91%
20.44%
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CTCAX vs. XLK - Expense Ratio Comparison
CTCAX has a 1.18% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
CTCAX vs. XLK — Risk-Adjusted Performance Rank
CTCAX
XLK
CTCAX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Global Technology Growth Fund Class A (CTCAX) 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
CTCAX vs. XLK - Dividend Comparison
CTCAX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
CTCAX vs. XLK - Drawdown Comparison
The maximum CTCAX drawdown since its inception was -62.92%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for CTCAX and XLK. For additional features, visit the drawdowns tool.
Volatility
CTCAX vs. XLK - Volatility Comparison
Columbia Global Technology Growth Fund Class A (CTCAX) has a higher volatility of 6.33% compared to Technology Select Sector SPDR Fund (XLK) at 5.96%. This indicates that CTCAX'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.