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CWAN vs. XLK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CWAN vs. XLK

Last updated May 12, 2025

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.

Correlation

The correlation between CWAN and XLK is 0.80, 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

CWAN vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clearwater Analytics Holdings, Inc. (CWAN) and Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

CWAN:

19.26%

XLK:

14.11%

Max Drawdown

CWAN:

0.00%

XLK:

-0.83%

Current Drawdown

CWAN:

0.00%

XLK:

-0.12%

Returns By Period

CWAN

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

XLK

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

CWAN vs. XLK — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CWAN
The Risk-Adjusted Performance Rank of CWAN is 7979
Overall Rank
The Sharpe Ratio Rank of CWAN is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of CWAN is 7979
Sortino Ratio Rank
The Omega Ratio Rank of CWAN is 7676
Omega Ratio Rank
The Calmar Ratio Rank of CWAN is 8383
Calmar Ratio Rank
The Martin Ratio Rank of CWAN is 7777
Martin Ratio Rank
XLK
The Risk-Adjusted Performance Rank of XLK is 4040
Overall Rank
The Sharpe Ratio Rank of XLK is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of XLK is 4141
Sortino Ratio Rank
The Omega Ratio Rank of XLK is 4040
Omega Ratio Rank
The Calmar Ratio Rank of XLK is 4545
Calmar Ratio Rank
The Martin Ratio Rank of XLK is 3939
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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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 0.72%.

TTM20242023202220212020201920182017201620152014
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		0.72%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

CWAN vs. XLK - Drawdown Comparison

The maximum CWAN drawdown since its inception was 0.00%, smaller than the maximum XLK drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for CWAN and XLK. For additional features, visit the drawdowns tool.

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Volatility

CWAN vs. XLK - Volatility Comparison

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