CTEC vs. XLK
Compare and contrast key facts about Global X CleanTech ETF (CTEC) and Technology Select Sector SPDR Fund (XLK).
CTEC and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEC is a passively managed fund by Global X that tracks the performance of the Indxx Global CleanTech Index. It was launched on Oct 27, 2020. 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. Both CTEC and XLK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTEC or XLK.
Correlation
The correlation between CTEC and XLK is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CTEC vs. XLK - Performance Comparison
Key characteristics
CTEC:
-0.66
XLK:
0.97
CTEC:
-0.80
XLK:
1.40
CTEC:
0.91
XLK:
1.18
CTEC:
-0.30
XLK:
1.28
CTEC:
-1.22
XLK:
4.35
CTEC:
18.75%
XLK:
4.98%
CTEC:
34.64%
XLK:
22.24%
CTEC:
-76.50%
XLK:
-82.05%
CTEC:
-75.17%
XLK:
-3.63%
Returns By Period
In the year-to-date period, CTEC achieves a 3.32% return, which is significantly higher than XLK's -0.10% return.
CTEC
3.32%
0.57%
-15.49%
-20.00%
N/A
N/A
XLK
-0.10%
-3.63%
3.89%
21.36%
20.23%
20.67%
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CTEC vs. XLK - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
CTEC vs. XLK — Risk-Adjusted Performance Rank
CTEC
XLK
CTEC vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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
CTEC vs. XLK - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 1.50%, more than XLK's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 1.50% | 1.55% | 0.51% | 0.25% | 0.40% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.66% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
CTEC vs. XLK - Drawdown Comparison
The maximum CTEC drawdown since its inception was -76.50%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for CTEC and XLK. For additional features, visit the drawdowns tool.
Volatility
CTEC vs. XLK - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 10.30% compared to Technology Select Sector SPDR Fund (XLK) at 6.31%. This indicates that CTEC'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.