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.
Correlation
The correlation between CWAN and XLK is 0.37, 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
CWAN vs. XLK - Performance Comparison
Key characteristics
CWAN:
1.27
XLK:
0.88
CWAN:
2.19
XLK:
1.27
CWAN:
1.29
XLK:
1.17
CWAN:
1.30
XLK:
1.18
CWAN:
5.11
XLK:
3.96
CWAN:
10.16%
XLK:
5.04%
CWAN:
41.08%
XLK:
22.80%
CWAN:
-54.15%
XLK:
-82.05%
CWAN:
-8.69%
XLK:
-0.32%
Returns By Period
In the year-to-date period, CWAN achieves a 8.79% return, which is significantly higher than XLK's 3.82% return.
CWAN
8.79%
3.28%
23.16%
51.83%
N/A
N/A
XLK
3.82%
2.27%
9.91%
21.99%
20.57%
20.34%
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Risk-Adjusted Performance
CWAN vs. XLK — Risk-Adjusted Performance Rank
CWAN
XLK
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 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.63% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
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
Clearwater Analytics Holdings, Inc. (CWAN) has a higher volatility of 12.68% compared to Technology Select Sector SPDR Fund (XLK) at 7.31%. This indicates that CWAN'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.