Correlation
The correlation between GCOR and XLK is 0.15, 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.
GCOR vs. XLK
Compare and contrast key facts about Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) and Technology Select Sector SPDR Fund (XLK).
GCOR and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GCOR is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs US Broad Bond Market Index. It was launched on Sep 8, 2020. 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 GCOR 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: GCOR or XLK.
Performance
GCOR vs. XLK - Performance Comparison
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Key characteristics
GCOR:
0.97
XLK:
0.36
GCOR:
1.42
XLK:
0.56
GCOR:
1.17
XLK:
1.08
GCOR:
0.42
XLK:
0.30
GCOR:
2.43
XLK:
0.92
GCOR:
2.25%
XLK:
8.22%
GCOR:
5.55%
XLK:
30.50%
GCOR:
-18.94%
XLK:
-82.05%
GCOR:
-7.88%
XLK:
-4.49%
Returns By Period
In the year-to-date period, GCOR achieves a 2.53% return, which is significantly higher than XLK's -0.52% return.
GCOR
2.53%
-0.96%
0.57%
5.35%
1.16%
N/A
N/A
XLK
-0.52%
9.97%
-0.87%
10.81%
19.02%
19.70%
19.65%
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GCOR vs. XLK - Expense Ratio Comparison
GCOR has a 0.14% expense ratio, which is higher than XLK's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GCOR vs. XLK — Risk-Adjusted Performance Rank
GCOR
XLK
GCOR vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) 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
GCOR vs. XLK - Dividend Comparison
GCOR's dividend yield for the trailing twelve months is around 4.20%, more than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GCOR Goldman Sachs Access U.S. Aggregate Bond ETF | 4.20% | 4.36% | 3.67% | 2.11% | 0.92% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
GCOR vs. XLK - Drawdown Comparison
The maximum GCOR drawdown since its inception was -18.94%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for GCOR and XLK.
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Volatility
GCOR vs. XLK - Volatility Comparison
The current volatility for Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is 1.58%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.47%. This indicates that GCOR 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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