RMT vs. XLK
Compare and contrast key facts about Royce Micro-Cap Trust, Inc. (RMT) 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: RMT or XLK.
Key characteristics
| RMT | XLK | |
|---|---|---|
| YTD Return | 16.81% | 23.33% |
| 1Y Return | 39.07% | 33.30% |
| 3Y Return (Ann) | 2.59% | 13.18% |
| 5Y Return (Ann) | 13.41% | 23.47% |
| 10Y Return (Ann) | 9.38% | 20.55% |
| Sharpe Ratio | 1.90 | 1.50 |
| Sortino Ratio | 2.62 | 2.02 |
| Omega Ratio | 1.32 | 1.27 |
| Calmar Ratio | 1.73 | 1.92 |
| Martin Ratio | 10.56 | 6.63 |
| Ulcer Index | 3.78% | 4.91% |
| Daily Std Dev | 21.00% | 21.65% |
| Max Drawdown | -73.93% | -82.05% |
| Current Drawdown | -1.35% | -0.53% |
Correlation
The correlation between RMT and XLK is 0.54, 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.
Performance
RMT vs. XLK - Performance Comparison
In the year-to-date period, RMT achieves a 16.81% return, which is significantly lower than XLK's 23.33% return. Over the past 10 years, RMT has underperformed XLK with an annualized return of 9.38%, while XLK has yielded a comparatively higher 20.55% 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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Risk-Adjusted Performance
RMT vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Micro-Cap Trust, Inc. (RMT) 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
RMT vs. XLK - Dividend Comparison
RMT's dividend yield for the trailing twelve months is around 7.35%, more than XLK's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMT Royce Micro-Cap Trust, Inc. | 7.35% | 8.01% | 10.94% | 7.27% | 6.03% | 7.96% | 10.11% | 7.31% | 7.84% | 17.36% | 28.77% | 10.94% |
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
RMT vs. XLK - Drawdown Comparison
The maximum RMT drawdown since its inception was -73.93%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for RMT and XLK. For additional features, visit the drawdowns tool.
Volatility
RMT vs. XLK - Volatility Comparison
Royce Micro-Cap Trust, Inc. (RMT) has a higher volatility of 6.97% compared to Technology Select Sector SPDR Fund (XLK) at 6.20%. This indicates that RMT'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.