OTEX.TO vs. XIT.TO
Compare and contrast key facts about Open Text Corporation (OTEX.TO) and iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO).
XIT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl GR CAD. It was launched on Mar 19, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OTEX.TO or XIT.TO.
Performance
OTEX.TO vs. XIT.TO - Performance Comparison
Returns By Period
In the year-to-date period, OTEX.TO achieves a -25.81% return, which is significantly lower than XIT.TO's 28.61% return. Over the past 10 years, OTEX.TO has underperformed XIT.TO with an annualized return of 3.11%, while XIT.TO has yielded a comparatively higher 18.48% annualized return.
OTEX.TO
-25.81%
-13.26%
-0.82%
-21.73%
-5.12%
3.11%
XIT.TO
28.61%
11.31%
32.83%
35.67%
16.96%
18.48%
Key characteristics
| OTEX.TO | XIT.TO | |
|---|---|---|
| Sharpe Ratio | -0.73 | 1.67 |
| Sortino Ratio | -0.79 | 2.28 |
| Omega Ratio | 0.88 | 1.30 |
| Calmar Ratio | -0.50 | 1.64 |
| Martin Ratio | -1.00 | 6.34 |
| Ulcer Index | 21.22% | 5.77% |
| Daily Std Dev | 28.81% | 21.86% |
| Max Drawdown | -72.08% | -81.18% |
| Current Drawdown | -37.70% | -3.68% |
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Correlation
The correlation between OTEX.TO and XIT.TO is 0.60, 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.
Risk-Adjusted Performance
OTEX.TO vs. XIT.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Open Text Corporation (OTEX.TO) and iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO). 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
OTEX.TO vs. XIT.TO - Dividend Comparison
OTEX.TO's dividend yield for the trailing twelve months is around 2.49%, while XIT.TO has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTEX.TO Open Text Corporation | 2.49% | 1.77% | 2.31% | 1.40% | 1.25% | 1.18% | 1.32% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
XIT.TO iShares S&P/TSX Capped Information Technology Index ETF | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.30% | 0.00% | 0.13% | 0.15% | 0.08% | 0.20% | 0.55% |
Drawdowns
OTEX.TO vs. XIT.TO - Drawdown Comparison
The maximum OTEX.TO drawdown since its inception was -72.08%, smaller than the maximum XIT.TO drawdown of -81.18%. Use the drawdown chart below to compare losses from any high point for OTEX.TO and XIT.TO. For additional features, visit the drawdowns tool.
Volatility
OTEX.TO vs. XIT.TO - Volatility Comparison
Open Text Corporation (OTEX.TO) has a higher volatility of 14.38% compared to iShares S&P/TSX Capped Information Technology Index ETF (XIT.TO) at 9.27%. This indicates that OTEX.TO's price experiences larger fluctuations and is considered to be riskier than XIT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.