HTECX vs. XLK
Compare and contrast key facts about Hennessy Technology Fund (HTECX) and Technology Select Sector SPDR Fund (XLK).
HTECX is managed by Hennessy. It was launched on Jan 31, 2002. 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: HTECX or XLK.
Correlation
The correlation between HTECX 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
HTECX vs. XLK - Performance Comparison
Key characteristics
HTECX:
0.84
XLK:
0.84
HTECX:
1.23
XLK:
1.23
HTECX:
1.16
XLK:
1.16
HTECX:
0.59
XLK:
1.13
HTECX:
3.72
XLK:
3.80
HTECX:
4.53%
XLK:
5.05%
HTECX:
19.93%
XLK:
22.83%
HTECX:
-58.85%
XLK:
-82.05%
HTECX:
-13.57%
XLK:
-0.77%
Returns By Period
In the year-to-date period, HTECX achieves a 6.17% return, which is significantly higher than XLK's 3.20% return. Over the past 10 years, HTECX has underperformed XLK with an annualized return of 4.69%, while XLK has yielded a comparatively higher 20.35% annualized return.
HTECX
6.17%
2.95%
6.36%
15.00%
3.62%
4.69%
XLK
3.20%
2.50%
8.76%
19.28%
19.91%
20.35%
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HTECX vs. XLK - Expense Ratio Comparison
HTECX has a 1.23% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
HTECX vs. XLK — Risk-Adjusted Performance Rank
HTECX
XLK
HTECX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) 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
HTECX vs. XLK - Dividend Comparison
HTECX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTECX Hennessy Technology Fund | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.64% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
HTECX vs. XLK - Drawdown Comparison
The maximum HTECX drawdown since its inception was -58.85%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for HTECX and XLK. For additional features, visit the drawdowns tool.
Volatility
HTECX vs. XLK - Volatility Comparison
The current volatility for Hennessy Technology Fund (HTECX) is 5.25%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 7.49%. This indicates that HTECX 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.