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.
Performance
MTCIX vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, MTCIX achieves a 34.34% return, which is significantly higher than XLK's 22.00% return. Over the past 10 years, MTCIX has underperformed XLK with an annualized return of 12.35%, while XLK has yielded a comparatively higher 20.32% annualized return.
MTCIX
34.34%
4.02%
12.05%
28.32%
9.72%
12.35%
XLK
22.00%
2.26%
8.94%
27.37%
23.15%
20.32%
Key characteristics
| MTCIX | XLK | |
|---|---|---|
| Sharpe Ratio | 1.27 | 1.26 |
| Sortino Ratio | 1.69 | 1.73 |
| Omega Ratio | 1.25 | 1.23 |
| Calmar Ratio | 0.84 | 1.61 |
| Martin Ratio | 6.27 | 5.56 |
| Ulcer Index | 4.52% | 4.92% |
| Daily Std Dev | 22.37% | 21.68% |
| Max Drawdown | -81.20% | -82.05% |
| Current Drawdown | -7.26% | -1.61% |
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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.
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.
Risk-Adjusted Performance
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 0.67%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTCIX MFS Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.62% | 3.31% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
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
The current volatility for MFS Technology Fund (MTCIX) is 5.90%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.25%. This indicates that MTCIX 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.