IWIRX vs. XLK
Compare and contrast key facts about Guinness Atkinson Global Innovators Fund (IWIRX) and Technology Select Sector SPDR Fund (XLK).
IWIRX is managed by Guinness Atkinson. It was launched on Dec 15, 1998. 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: IWIRX or XLK.
Correlation
The correlation between IWIRX 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
IWIRX vs. XLK - Performance Comparison
Key characteristics
IWIRX:
0.25
XLK:
0.78
IWIRX:
0.43
XLK:
1.15
IWIRX:
1.07
XLK:
1.15
IWIRX:
0.19
XLK:
1.06
IWIRX:
0.80
XLK:
3.56
IWIRX:
5.96%
XLK:
5.05%
IWIRX:
19.17%
XLK:
22.96%
IWIRX:
-73.53%
XLK:
-82.05%
IWIRX:
-20.49%
XLK:
-3.02%
Returns By Period
In the year-to-date period, IWIRX achieves a 4.65% return, which is significantly higher than XLK's 1.01% return. Over the past 10 years, IWIRX has underperformed XLK with an annualized return of 5.33%, while XLK has yielded a comparatively higher 19.97% annualized return.
IWIRX
4.65%
-1.32%
-6.15%
1.69%
4.16%
5.33%
XLK
1.01%
-2.70%
5.23%
14.92%
19.89%
19.97%
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IWIRX vs. XLK - Expense Ratio Comparison
IWIRX has a 1.24% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
IWIRX vs. XLK — Risk-Adjusted Performance Rank
IWIRX
XLK
IWIRX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Global Innovators Fund (IWIRX) 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
IWIRX vs. XLK - Dividend Comparison
IWIRX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.65%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWIRX Guinness Atkinson Global Innovators Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.44% | 0.10% | 0.92% | 0.75% | 0.78% |
XLK Technology Select Sector SPDR Fund | 0.65% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
IWIRX vs. XLK - Drawdown Comparison
The maximum IWIRX drawdown since its inception was -73.53%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for IWIRX and XLK. For additional features, visit the drawdowns tool.
Volatility
IWIRX vs. XLK - Volatility Comparison
The current volatility for Guinness Atkinson Global Innovators Fund (IWIRX) is 3.76%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 7.48%. This indicates that IWIRX 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.