MTBA vs. XLK
Compare and contrast key facts about Simplify MBS ETF (MTBA) and Technology Select Sector SPDR Fund (XLK).
MTBA and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023. 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: MTBA or XLK.
Key characteristics
| MTBA | XLK | |
|---|---|---|
| YTD Return | 2.40% | 23.85% |
| 1Y Return | 6.54% | 36.57% |
| Sharpe Ratio | 1.29 | 1.65 |
| Sortino Ratio | 1.87 | 2.19 |
| Omega Ratio | 1.24 | 1.30 |
| Calmar Ratio | 2.10 | 2.12 |
| Martin Ratio | 5.60 | 7.32 |
| Ulcer Index | 1.07% | 4.91% |
| Daily Std Dev | 4.62% | 21.79% |
| Max Drawdown | -2.84% | -82.05% |
| Current Drawdown | -2.03% | -0.11% |
Correlation
The correlation between MTBA and XLK is 0.09, 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.
Performance
MTBA vs. XLK - Performance Comparison
In the year-to-date period, MTBA achieves a 2.40% return, which is significantly lower than XLK's 23.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MTBA vs. XLK - Expense Ratio Comparison
MTBA has a 0.15% 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
MTBA vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) 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
MTBA vs. XLK - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 5.45%, more than XLK's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTBA Simplify MBS ETF | 5.45% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
MTBA vs. XLK - Drawdown Comparison
The maximum MTBA drawdown since its inception was -2.84%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for MTBA and XLK. For additional features, visit the drawdowns tool.
Volatility
MTBA vs. XLK - Volatility Comparison
The current volatility for Simplify MBS ETF (MTBA) is 1.22%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.29%. This indicates that MTBA 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.