IPO vs. XLK
Compare and contrast key facts about Renaissance IPO ETF (IPO) and Technology Select Sector SPDR Fund (XLK).
IPO and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPO is a passively managed fund by Renaissance Capital that tracks the performance of the Renaissance IPO Index. It was launched on Oct 14, 2013. 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 IPO 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: IPO or XLK.
Correlation
The correlation between IPO and XLK is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IPO vs. XLK - Performance Comparison
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Key characteristics
IPO:
0.36
XLK:
0.38
IPO:
0.65
XLK:
0.75
IPO:
1.09
XLK:
1.10
IPO:
0.18
XLK:
0.47
IPO:
0.99
XLK:
1.46
IPO:
10.13%
XLK:
8.17%
IPO:
31.73%
XLK:
30.45%
IPO:
-68.76%
XLK:
-82.05%
IPO:
-44.03%
XLK:
-5.81%
Returns By Period
In the year-to-date period, IPO achieves a -2.32% return, which is significantly lower than XLK's -1.90% return. Over the past 10 years, IPO has underperformed XLK with an annualized return of 5.93%, while XLK has yielded a comparatively higher 19.57% annualized return.
IPO
-2.32%
18.99%
-8.83%
11.40%
5.28%
5.93%
XLK
-1.90%
14.80%
-3.13%
11.55%
21.01%
19.57%
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IPO vs. XLK - Expense Ratio Comparison
IPO has a 0.60% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
IPO vs. XLK — Risk-Adjusted Performance Rank
IPO
XLK
IPO vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) 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
IPO vs. XLK - Dividend Comparison
IPO's dividend yield for the trailing twelve months is around 0.29%, less than XLK's 0.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPO Renaissance IPO ETF | 0.29% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.47% | 0.49% | 0.44% | 0.24% | 0.11% | 2.82% |
XLK Technology Select Sector SPDR Fund | 0.69% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
IPO vs. XLK - Drawdown Comparison
The maximum IPO drawdown since its inception was -68.76%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IPO and XLK. For additional features, visit the drawdowns tool.
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Volatility
IPO vs. XLK - Volatility Comparison
Renaissance IPO ETF (IPO) and Technology Select Sector SPDR Fund (XLK) have volatilities of 8.72% and 8.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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