MTCIX vs. XLK
Compare and contrast key facts about MFS Technology Fund (MTCIX) and Technology Select Sector SPDR Fund (XLK).
MTCIX is managed by MFS. It was launched on Jan 1, 1997. 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: MTCIX or XLK.
Correlation
The correlation between MTCIX and XLK is 0.91, 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
MTCIX vs. XLK - Performance Comparison
Key characteristics
MTCIX:
-0.60
XLK:
-0.37
MTCIX:
-0.62
XLK:
-0.32
MTCIX:
0.91
XLK:
0.96
MTCIX:
-0.48
XLK:
-0.39
MTCIX:
-1.56
XLK:
-1.42
MTCIX:
10.34%
XLK:
6.68%
MTCIX:
26.79%
XLK:
25.95%
MTCIX:
-81.20%
XLK:
-82.05%
MTCIX:
-33.62%
XLK:
-24.11%
Returns By Period
The year-to-date returns for both stocks are quite close, with MTCIX having a -20.63% return and XLK slightly lower at -20.96%. Over the past 10 years, MTCIX has underperformed XLK with an annualized return of 8.29%, while XLK has yielded a comparatively higher 17.34% annualized return.
MTCIX
-20.63%
-15.81%
-24.99%
-17.49%
3.55%
8.29%
XLK
-20.96%
-15.90%
-17.72%
-10.52%
17.64%
17.34%
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MTCIX vs. XLK - Expense Ratio Comparison
MTCIX has a 0.88% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
MTCIX vs. XLK — Risk-Adjusted Performance Rank
MTCIX
XLK
MTCIX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Technology Fund (MTCIX) 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
MTCIX vs. XLK - Dividend Comparison
MTCIX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.85%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.62% | 3.31% |
XLK Technology Select Sector SPDR Fund | 0.85% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
MTCIX vs. XLK - Drawdown Comparison
The maximum MTCIX drawdown since its inception was -81.20%, roughly equal to the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for MTCIX and XLK. For additional features, visit the drawdowns tool.
Volatility
MTCIX vs. XLK - Volatility Comparison
MFS Technology Fund (MTCIX) and Technology Select Sector SPDR Fund (XLK) have volatilities of 11.60% and 12.05%, 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.