SHOC vs. XLK
Compare and contrast key facts about Strive U.S. Semiconductor ETF (SHOC) and Technology Select Sector SPDR Fund (XLK).
SHOC and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHOC is a passively managed fund by Strive that tracks the performance of the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross. It was launched on Oct 5, 2022. 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 SHOC 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: SHOC or XLK.
Key characteristics
| SHOC | XLK | |
|---|---|---|
| YTD Return | 22.76% | 23.85% |
| 1Y Return | 50.51% | 36.57% |
| Sharpe Ratio | 1.42 | 1.65 |
| Sortino Ratio | 1.91 | 2.19 |
| Omega Ratio | 1.25 | 1.30 |
| Calmar Ratio | 1.92 | 2.12 |
| Martin Ratio | 4.88 | 7.32 |
| Ulcer Index | 10.13% | 4.91% |
| Daily Std Dev | 34.73% | 21.79% |
| Max Drawdown | -25.71% | -82.05% |
| Current Drawdown | -11.25% | -0.11% |
Correlation
The correlation between SHOC and XLK is 0.88, 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
SHOC vs. XLK - Performance Comparison
The year-to-date returns for both investments are quite close, with SHOC having a 22.76% return and XLK slightly higher at 23.85%. 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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SHOC vs. XLK - Expense Ratio Comparison
SHOC has a 0.40% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
SHOC vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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
SHOC vs. XLK - Dividend Comparison
SHOC's dividend yield for the trailing twelve months is around 0.39%, less than XLK's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 0.39% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
SHOC vs. XLK - Drawdown Comparison
The maximum SHOC drawdown since its inception was -25.71%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for SHOC and XLK. For additional features, visit the drawdowns tool.
Volatility
SHOC vs. XLK - Volatility Comparison
Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 9.93% compared to Technology Select Sector SPDR Fund (XLK) at 6.29%. This indicates that SHOC'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.