Correlation
The correlation between DDIV and XLK is 0.73, 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.
DDIV vs. XLK
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and Technology Select Sector SPDR Fund (XLK).
DDIV and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDIV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It was launched on Mar 10, 2014. 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 DDIV 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: DDIV or XLK.
Performance
DDIV vs. XLK - Performance Comparison
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Key characteristics
DDIV:
0.72
XLK:
0.36
DDIV:
1.07
XLK:
0.56
DDIV:
1.15
XLK:
1.08
DDIV:
0.79
XLK:
0.30
DDIV:
2.67
XLK:
0.92
DDIV:
5.63%
XLK:
8.22%
DDIV:
21.12%
XLK:
30.50%
DDIV:
-47.55%
XLK:
-82.05%
DDIV:
-7.49%
XLK:
-4.49%
Returns By Period
In the year-to-date period, DDIV achieves a -0.30% return, which is significantly higher than XLK's -0.52% return. Over the past 10 years, DDIV has underperformed XLK with an annualized return of 8.65%, while XLK has yielded a comparatively higher 19.65% annualized return.
DDIV
-0.30%
3.82%
-7.15%
15.01%
7.24%
16.60%
8.65%
XLK
-0.52%
9.97%
-0.87%
10.81%
19.02%
19.70%
19.65%
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DDIV vs. XLK - Expense Ratio Comparison
DDIV has a 0.60% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
DDIV vs. XLK — Risk-Adjusted Performance Rank
DDIV
XLK
DDIV vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) 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
DDIV vs. XLK - Dividend Comparison
DDIV's dividend yield for the trailing twelve months is around 2.36%, more than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 2.36% | 2.22% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% | 2.35% | 2.45% | 2.61% | 2.15% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
DDIV vs. XLK - Drawdown Comparison
The maximum DDIV drawdown since its inception was -47.55%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for DDIV and XLK.
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Volatility
DDIV vs. XLK - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is 4.44%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.47%. This indicates that DDIV 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.
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