RYDAX vs. XLK
Compare and contrast key facts about Rydex Dow Jones Industrial Average Fund (RYDAX) and Technology Select Sector SPDR Fund (XLK).
RYDAX is managed by Rydex Funds. It was launched on Dec 1, 2015. 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: RYDAX or XLK.
Correlation
The correlation between RYDAX and XLK is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RYDAX vs. XLK - Performance Comparison
Key characteristics
RYDAX:
1.10
XLK:
0.88
RYDAX:
1.60
XLK:
1.27
RYDAX:
1.20
XLK:
1.17
RYDAX:
1.57
XLK:
1.18
RYDAX:
4.50
XLK:
3.96
RYDAX:
2.87%
XLK:
5.04%
RYDAX:
11.81%
XLK:
22.80%
RYDAX:
-37.34%
XLK:
-82.05%
RYDAX:
-3.36%
XLK:
-0.32%
Returns By Period
The year-to-date returns for both investments are quite close, with RYDAX having a 3.81% return and XLK slightly higher at 3.82%.
RYDAX
3.81%
0.35%
6.95%
12.97%
6.85%
N/A
XLK
3.82%
2.27%
9.91%
21.99%
20.57%
20.34%
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RYDAX vs. XLK - Expense Ratio Comparison
RYDAX has a 1.58% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
RYDAX vs. XLK — Risk-Adjusted Performance Rank
RYDAX
XLK
RYDAX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow Jones Industrial Average Fund (RYDAX) 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
RYDAX vs. XLK - Dividend Comparison
RYDAX's dividend yield for the trailing twelve months is around 0.23%, less than XLK's 0.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYDAX Rydex Dow Jones Industrial Average Fund | 0.23% | 0.24% | 0.65% | 0.58% | 0.00% | 0.07% | 0.42% | 1.00% | 0.53% | 0.04% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.63% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
RYDAX vs. XLK - Drawdown Comparison
The maximum RYDAX drawdown since its inception was -37.34%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for RYDAX and XLK. For additional features, visit the drawdowns tool.
Volatility
RYDAX vs. XLK - Volatility Comparison
The current volatility for Rydex Dow Jones Industrial Average Fund (RYDAX) is 2.58%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 7.31%. This indicates that RYDAX 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.