RC vs. XLK
Compare and contrast key facts about Ready Capital Corporation (RC) and Technology Select Sector SPDR Fund (XLK).
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: RC or XLK.
Performance
RC vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, RC achieves a -24.11% return, which is significantly lower than XLK's 19.44% return. Over the past 10 years, RC has underperformed XLK with an annualized return of 2.69%, while XLK has yielded a comparatively higher 20.13% annualized return.
RC
-24.11%
-4.49%
-13.66%
-19.22%
-2.99%
2.69%
XLK
19.44%
-0.30%
8.36%
25.78%
22.44%
20.13%
Key characteristics
| RC | XLK | |
|---|---|---|
| Sharpe Ratio | -0.79 | 1.22 |
| Sortino Ratio | -0.97 | 1.68 |
| Omega Ratio | 0.89 | 1.23 |
| Calmar Ratio | -0.58 | 1.56 |
| Martin Ratio | -1.16 | 5.38 |
| Ulcer Index | 19.90% | 4.91% |
| Daily Std Dev | 29.48% | 21.72% |
| Max Drawdown | -76.33% | -82.05% |
| Current Drawdown | -36.85% | -3.67% |
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Correlation
The correlation between RC and XLK is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
RC vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ready Capital Corporation (RC) 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
RC vs. XLK - Dividend Comparison
RC's dividend yield for the trailing twelve months is around 16.38%, more than XLK's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RC Ready Capital Corporation | 16.38% | 14.24% | 14.90% | 10.62% | 10.44% | 10.38% | 11.35% | 9.77% | 13.75% | 10.61% | 9.28% | 13.23% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
RC vs. XLK - Drawdown Comparison
The maximum RC drawdown since its inception was -76.33%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for RC and XLK. For additional features, visit the drawdowns tool.
Volatility
RC vs. XLK - Volatility Comparison
Ready Capital Corporation (RC) has a higher volatility of 8.32% compared to Technology Select Sector SPDR Fund (XLK) at 6.32%. This indicates that RC's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.