REW vs. XLK
Compare and contrast key facts about ProShares UltraShort Technology (REW) and Technology Select Sector SPDR Fund (XLK).
REW and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007. 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. Both REW and XLK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REW or XLK.
Key characteristics
| REW | XLK | |
|---|---|---|
| YTD Return | -36.40% | 23.85% |
| 1Y Return | -47.33% | 36.57% |
| 3Y Return (Ann) | -27.18% | 13.33% |
| 5Y Return (Ann) | -45.67% | 23.65% |
| 10Y Return (Ann) | -40.26% | 20.78% |
| Sharpe Ratio | -1.05 | 1.65 |
| Sortino Ratio | -1.68 | 2.19 |
| Omega Ratio | 0.81 | 1.30 |
| Calmar Ratio | -0.47 | 2.12 |
| Martin Ratio | -1.48 | 7.32 |
| Ulcer Index | 31.65% | 4.91% |
| Daily Std Dev | 44.33% | 21.79% |
| Max Drawdown | -99.98% | -82.05% |
| Current Drawdown | -99.98% | -0.11% |
Correlation
The correlation between REW and XLK is -0.94. 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
REW vs. XLK - Performance Comparison
In the year-to-date period, REW achieves a -36.40% return, which is significantly lower than XLK's 23.85% return. Over the past 10 years, REW has underperformed XLK with an annualized return of -40.26%, 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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REW vs. XLK - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
REW vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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
REW vs. XLK - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 6.78%, more than XLK's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | 6.78% | 5.98% | 0.22% | 0.00% | 0.28% | 1.80% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
REW vs. XLK - Drawdown Comparison
The maximum REW drawdown since its inception was -99.98%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for REW and XLK. For additional features, visit the drawdowns tool.
Volatility
REW vs. XLK - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 11.96% compared to Technology Select Sector SPDR Fund (XLK) at 6.29%. This indicates that REW'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.