CWAN vs. XLK
Compare and contrast key facts about Clearwater Analytics Holdings, Inc. (CWAN) 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: CWAN or XLK.
Key characteristics
| CWAN | XLK | |
|---|---|---|
| YTD Return | -21.22% | 2.14% |
| 1Y Return | 2.07% | 31.11% |
| Sharpe Ratio | 0.08 | 1.75 |
| Daily Std Dev | 29.81% | 17.83% |
| Max Drawdown | -54.15% | -82.05% |
| Current Drawdown | -39.91% | -6.84% |
Correlation
The correlation between CWAN and XLK is 0.40, 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
CWAN vs. XLK - Performance Comparison
In the year-to-date period, CWAN achieves a -21.22% return, which is significantly lower than XLK's 2.14% 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
CWAN vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearwater Analytics Holdings, Inc. (CWAN) 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
CWAN vs. XLK - Dividend Comparison
CWAN has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.76%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWAN Clearwater Analytics Holdings, Inc. | 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 | 0.76% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
CWAN vs. XLK - Drawdown Comparison
The maximum CWAN drawdown since its inception was -54.15%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for CWAN and XLK. For additional features, visit the drawdowns tool.
Volatility
CWAN vs. XLK - Volatility Comparison
The current volatility for Clearwater Analytics Holdings, Inc. (CWAN) is 5.12%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 5.84%. This indicates that CWAN 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.