MTGDX vs. XLK
Compare and contrast key facts about Morgan Stanley Mortgage Securities Trust (MTGDX) and Technology Select Sector SPDR Fund (XLK).
MTGDX is managed by Morgan Stanley. It was launched on Jul 28, 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: MTGDX or XLK.
Key characteristics
| MTGDX | XLK | |
|---|---|---|
| YTD Return | 9.49% | 23.85% |
| 1Y Return | 15.40% | 36.57% |
| 3Y Return (Ann) | 3.81% | 13.33% |
| 5Y Return (Ann) | 3.90% | 23.65% |
| 10Y Return (Ann) | 4.28% | 20.78% |
| Sharpe Ratio | 2.97 | 1.65 |
| Sortino Ratio | 4.48 | 2.19 |
| Omega Ratio | 1.59 | 1.30 |
| Calmar Ratio | 4.88 | 2.12 |
| Martin Ratio | 16.97 | 7.32 |
| Ulcer Index | 0.91% | 4.91% |
| Daily Std Dev | 5.22% | 21.79% |
| Max Drawdown | -12.97% | -82.05% |
| Current Drawdown | -1.37% | -0.11% |
Correlation
The correlation between MTGDX and XLK is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MTGDX vs. XLK - Performance Comparison
In the year-to-date period, MTGDX achieves a 9.49% return, which is significantly lower than XLK's 23.85% return. Over the past 10 years, MTGDX has underperformed XLK with an annualized return of 4.28%, while XLK has yielded a comparatively higher 20.78% annualized 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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MTGDX vs. XLK - Expense Ratio Comparison
MTGDX has a 0.72% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
MTGDX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Mortgage Securities Trust (MTGDX) 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
MTGDX vs. XLK - Dividend Comparison
MTGDX's dividend yield for the trailing twelve months is around 8.15%, more than XLK's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTGDX Morgan Stanley Mortgage Securities Trust | 8.15% | 6.83% | 6.30% | 3.69% | 3.83% | 5.14% | 4.13% | 4.69% | 4.06% | 5.05% | 7.26% | 6.28% |
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
MTGDX vs. XLK - Drawdown Comparison
The maximum MTGDX drawdown since its inception was -12.97%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for MTGDX and XLK. For additional features, visit the drawdowns tool.
Volatility
MTGDX vs. XLK - Volatility Comparison
The current volatility for Morgan Stanley Mortgage Securities Trust (MTGDX) is 1.39%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.29%. This indicates that MTGDX 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.