TAOP vs. XLK
Compare and contrast key facts about Taoping Inc. (TAOP) 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: TAOP or XLK.
Correlation
The correlation between TAOP and XLK is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TAOP vs. XLK - Performance Comparison
Key characteristics
TAOP:
-0.77
XLK:
0.88
TAOP:
-1.63
XLK:
1.27
TAOP:
0.83
XLK:
1.17
TAOP:
-0.78
XLK:
1.18
TAOP:
-1.40
XLK:
3.96
TAOP:
55.70%
XLK:
5.04%
TAOP:
100.70%
XLK:
22.80%
TAOP:
-99.98%
XLK:
-82.05%
TAOP:
-99.97%
XLK:
-0.32%
Returns By Period
In the year-to-date period, TAOP achieves a -23.56% return, which is significantly lower than XLK's 3.82% return. Over the past 10 years, TAOP has underperformed XLK with an annualized return of -47.59%, while XLK has yielded a comparatively higher 20.34% annualized return.
TAOP
-23.56%
0.53%
-41.73%
-73.54%
-61.17%
-47.59%
XLK
3.82%
2.27%
9.91%
21.99%
20.57%
20.34%
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Risk-Adjusted Performance
TAOP vs. XLK — Risk-Adjusted Performance Rank
TAOP
XLK
TAOP vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Taoping Inc. (TAOP) 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
TAOP vs. XLK - Dividend Comparison
TAOP has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.63%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TAOP Taoping Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.63% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
TAOP vs. XLK - Drawdown Comparison
The maximum TAOP 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 TAOP and XLK. For additional features, visit the drawdowns tool.
Volatility
TAOP vs. XLK - Volatility Comparison
Taoping Inc. (TAOP) has a higher volatility of 27.09% compared to Technology Select Sector SPDR Fund (XLK) at 7.31%. This indicates that TAOP'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.