SHFT vs. XLK
Compare and contrast key facts about iClima Distributed Renewable Energy Transition Leaders ETF (SHFT) and Technology Select Sector SPDR Fund (XLK).
SHFT and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHFT is a passively managed fund by Toroso Investments that tracks the performance of the iClima Distributed Renewable Energy Index - Benchmark TR Gross. It was launched on Jul 20, 2021. 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 SHFT 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: SHFT or XLK.
Correlation
The correlation between SHFT and XLK is 0.57, 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
SHFT vs. XLK - Performance Comparison
Key characteristics
Returns By Period
SHFT
N/A
N/A
N/A
N/A
N/A
N/A
XLK
-2.05%
-4.57%
-2.10%
19.29%
19.91%
20.44%
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SHFT vs. XLK - Expense Ratio Comparison
SHFT has a 0.65% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
SHFT vs. XLK — Risk-Adjusted Performance Rank
SHFT
XLK
SHFT vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iClima Distributed Renewable Energy Transition Leaders ETF (SHFT) 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
SHFT vs. XLK - Dividend Comparison
SHFT has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHFT iClima Distributed Renewable Energy Transition Leaders ETF | 100.11% | 100.11% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
SHFT vs. XLK - Drawdown Comparison
Volatility
SHFT vs. XLK - Volatility Comparison
The current volatility for iClima Distributed Renewable Energy Transition Leaders ETF (SHFT) is 0.00%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 5.96%. This indicates that SHFT 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.