FAPR vs. XLK
Compare and contrast key facts about FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) and Technology Select Sector SPDR Fund (XLK).
FAPR and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAPR is an actively managed fund by First Trust. It was launched on Apr 16, 2021. 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: FAPR or XLK.
Key characteristics
| FAPR | XLK | |
|---|---|---|
| YTD Return | 6.13% | 2.55% |
| 1Y Return | 20.02% | 34.01% |
| 3Y Return (Ann) | 7.15% | 13.23% |
| Sharpe Ratio | 2.82 | 1.84 |
| Daily Std Dev | 6.85% | 17.88% |
| Max Drawdown | -15.96% | -82.05% |
| Current Drawdown | -0.56% | -6.46% |
Correlation
The correlation between FAPR and XLK is 0.88, 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
FAPR vs. XLK - Performance Comparison
In the year-to-date period, FAPR achieves a 6.13% return, which is significantly higher than XLK's 2.55% 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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FAPR vs. XLK - Expense Ratio Comparison
FAPR has a 0.85% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
FAPR vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) 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
FAPR vs. XLK - Dividend Comparison
FAPR has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.75%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAPR FT Cboe Vest U.S. Equity Buffer ETF – April | 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 | 0.75% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
FAPR vs. XLK - Drawdown Comparison
The maximum FAPR drawdown since its inception was -15.96%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for FAPR and XLK. For additional features, visit the drawdowns tool.
Volatility
FAPR vs. XLK - Volatility Comparison
The current volatility for FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is 1.62%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.07%. This indicates that FAPR 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.