Correlation
The correlation between NALFX and XLK is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
NALFX vs. XLK
Compare and contrast key facts about New Alternatives Fund (NALFX) and Technology Select Sector SPDR Fund (XLK).
NALFX is managed by New Alternatives. It was launched on Sep 2, 1982. 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: NALFX or XLK.
Performance
NALFX vs. XLK - Performance Comparison
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Key characteristics
NALFX:
0.29
XLK:
0.36
NALFX:
0.48
XLK:
0.56
NALFX:
1.06
XLK:
1.08
NALFX:
0.14
XLK:
0.30
NALFX:
0.53
XLK:
0.92
NALFX:
9.34%
XLK:
8.22%
NALFX:
17.99%
XLK:
30.50%
NALFX:
-59.67%
XLK:
-82.05%
NALFX:
-23.87%
XLK:
-4.49%
Returns By Period
In the year-to-date period, NALFX achieves a 14.02% return, which is significantly higher than XLK's -0.52% return. Over the past 10 years, NALFX has underperformed XLK with an annualized return of 7.04%, while XLK has yielded a comparatively higher 19.65% annualized return.
NALFX
14.02%
5.10%
6.38%
4.09%
-1.84%
7.14%
7.04%
XLK
-0.52%
8.38%
-0.87%
10.64%
19.02%
19.70%
19.65%
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NALFX vs. XLK - Expense Ratio Comparison
NALFX has a 0.89% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
NALFX vs. XLK — Risk-Adjusted Performance Rank
NALFX
XLK
NALFX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Alternatives Fund (NALFX) 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
NALFX vs. XLK - Dividend Comparison
NALFX's dividend yield for the trailing twelve months is around 1.79%, more than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NALFX New Alternatives Fund | 1.79% | 2.04% | 4.47% | 4.63% | 5.14% | 9.72% | 5.55% | 6.62% | 4.17% | 3.71% | 1.71% | 3.04% |
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
NALFX vs. XLK - Drawdown Comparison
The maximum NALFX drawdown since its inception was -59.67%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for NALFX and XLK.
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Volatility
NALFX vs. XLK - Volatility Comparison
The current volatility for New Alternatives Fund (NALFX) is 3.81%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.47%. This indicates that NALFX 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.
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