ICMBX vs. XLK
Compare and contrast key facts about Intrepid Capital Fund (ICMBX) and State Street Technology Select Sector SPDR ETF (XLK).
ICMBX is managed by Intrepid Funds. It was launched on Jan 2, 2005. XLK is a passively managed fund by State Street that tracks the performance of the S&P Technology Select Sector Daily Capped 35/20 Index. It was launched on Dec 16, 1998.
Performance
ICMBX vs. XLK - Performance Comparison
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ICMBX vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICMBX Intrepid Capital Fund | -1.78% | 13.45% | 15.40% | 14.18% | -12.44% | 12.85% | 9.18% | 6.45% | -13.37% | 8.09% |
XLK State Street Technology Select Sector SPDR ETF | -6.18% | 24.61% | 21.63% | 56.02% | -27.73% | 34.74% | 43.62% | 49.86% | -1.68% | 34.26% |
Returns By Period
In the year-to-date period, ICMBX achieves a -1.78% return, which is significantly higher than XLK's -6.18% return. Over the past 10 years, ICMBX has underperformed XLK with an annualized return of 5.72%, while XLK has yielded a comparatively higher 21.00% annualized return.
ICMBX
- 1D
- 0.73%
- 1M
- -5.42%
- YTD
- -1.78%
- 6M
- 0.29%
- 1Y
- 11.53%
- 3Y*
- 12.24%
- 5Y*
- 6.39%
- 10Y*
- 5.72%
XLK
- 1D
- 1.51%
- 1M
- -3.20%
- YTD
- -6.18%
- 6M
- -4.94%
- 1Y
- 30.47%
- 3Y*
- 22.19%
- 5Y*
- 15.65%
- 10Y*
- 21.00%
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ICMBX vs. XLK - Expense Ratio Comparison
ICMBX has a 1.40% expense ratio, which is higher than XLK's 0.08% expense ratio.
Return for Risk
ICMBX vs. XLK — Risk / Return Rank
ICMBX
XLK
ICMBX vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intrepid Capital Fund (ICMBX) and State Street Technology Select Sector SPDR ETF (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.
| ICMBX | XLK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.08 | 1.13 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.71 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.97 | -0.45 |
Martin ratioReturn relative to average drawdown | 6.67 | 6.31 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICMBX | XLK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.13 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.64 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.87 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.36 | +0.18 |
Correlation
The correlation between ICMBX and XLK is 0.72, 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.
Dividends
ICMBX vs. XLK - Dividend Comparison
ICMBX's dividend yield for the trailing twelve months is around 0.98%, more than XLK's 0.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICMBX Intrepid Capital Fund | 0.98% | 2.15% | 2.96% | 4.14% | 1.82% | 2.10% | 1.68% | 5.47% | 3.48% | 2.96% | 3.64% | 2.19% |
XLK State Street Technology Select Sector SPDR ETF | 0.57% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Drawdowns
ICMBX vs. XLK - Drawdown Comparison
The maximum ICMBX drawdown since its inception was -33.71%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ICMBX and XLK.
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Drawdown Indicators
| ICMBX | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.71% | -82.05% | +48.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -15.92% | +7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -17.76% | -33.56% | +15.80% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -33.56% | -0.15% |
Current DrawdownCurrent decline from peak | -5.87% | -11.04% | +5.17% |
Average DrawdownAverage peak-to-trough decline | -4.56% | -35.17% | +30.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 4.98% | -3.05% |
Volatility
ICMBX vs. XLK - Volatility Comparison
The current volatility for Intrepid Capital Fund (ICMBX) is 2.95%, while State Street Technology Select Sector SPDR ETF (XLK) has a volatility of 8.12%. This indicates that ICMBX 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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Volatility by Period
| ICMBX | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 8.12% | -5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 16.49% | -9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 27.05% | -15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 24.72% | -13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.28% | 24.33% | -13.05% |