Correlation
The correlation between MWMIX and XLK is 0.89, 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.
MWMIX vs. XLK
Compare and contrast key facts about VanEck Morningstar Wide Moat Fund (MWMIX) and Technology Select Sector SPDR Fund (XLK).
MWMIX is managed by VanEck. It was launched on Nov 6, 2017. 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: MWMIX or XLK.
Performance
MWMIX vs. XLK - Performance Comparison
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Key characteristics
MWMIX:
-0.13
XLK:
0.36
MWMIX:
-0.13
XLK:
0.56
MWMIX:
0.98
XLK:
1.08
MWMIX:
-0.16
XLK:
0.30
MWMIX:
-0.42
XLK:
0.92
MWMIX:
10.63%
XLK:
8.22%
MWMIX:
21.65%
XLK:
30.50%
MWMIX:
-36.84%
XLK:
-82.05%
MWMIX:
-15.59%
XLK:
-4.49%
Returns By Period
In the year-to-date period, MWMIX achieves a -3.30% return, which is significantly lower than XLK's -0.52% return.
MWMIX
-3.30%
4.53%
-15.32%
-3.86%
2.08%
3.73%
N/A
XLK
-0.52%
8.38%
-0.87%
10.64%
19.02%
19.70%
19.65%
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MWMIX vs. XLK - Expense Ratio Comparison
MWMIX has a 0.59% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
MWMIX vs. XLK — Risk-Adjusted Performance Rank
MWMIX
XLK
MWMIX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Wide Moat Fund (MWMIX) 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.
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Dividends
MWMIX vs. XLK - Dividend Comparison
MWMIX's dividend yield for the trailing twelve months is around 10.70%, more than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MWMIX VanEck Morningstar Wide Moat Fund | 10.70% | 10.35% | 5.82% | 11.44% | 13.45% | 8.22% | 10.84% | 9.48% | 0.26% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
MWMIX vs. XLK - Drawdown Comparison
The maximum MWMIX drawdown since its inception was -36.84%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for MWMIX and XLK.
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Volatility
MWMIX vs. XLK - Volatility Comparison
VanEck Morningstar Wide Moat Fund (MWMIX) and Technology Select Sector SPDR Fund (XLK) have volatilities of 6.21% and 6.47%, 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.
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