Correlation
The correlation between TECH and XLK is 0.49, 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.
TECH vs. XLK
Compare and contrast key facts about Bio-Techne Corporation (TECH) 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: TECH or XLK.
Performance
TECH vs. XLK - Performance Comparison
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Key characteristics
TECH:
-0.92
XLK:
0.36
TECH:
-1.35
XLK:
0.56
TECH:
0.84
XLK:
1.08
TECH:
-0.60
XLK:
0.30
TECH:
-1.95
XLK:
0.92
TECH:
19.85%
XLK:
8.22%
TECH:
40.40%
XLK:
30.50%
TECH:
-74.39%
XLK:
-82.05%
TECH:
-63.37%
XLK:
-4.49%
Returns By Period
In the year-to-date period, TECH achieves a -32.62% return, which is significantly lower than XLK's -0.52% return. Over the past 10 years, TECH has underperformed XLK with an annualized return of 7.59%, while XLK has yielded a comparatively higher 19.65% annualized return.
TECH
-32.62%
-3.98%
-35.59%
-36.99%
-18.94%
-5.62%
7.59%
XLK
-0.52%
6.60%
-0.87%
10.64%
19.02%
19.70%
19.65%
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Risk-Adjusted Performance
TECH vs. XLK — Risk-Adjusted Performance Rank
TECH
XLK
TECH vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bio-Techne Corporation (TECH) 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.
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Dividends
TECH vs. XLK - Dividend Comparison
TECH's dividend yield for the trailing twelve months is around 0.66%, less than XLK's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECH Bio-Techne Corporation | 0.66% | 0.44% | 0.41% | 0.77% | 0.25% | 0.40% | 0.58% | 0.88% | 0.99% | 1.24% | 1.42% | 1.35% |
XLK Technology Select Sector SPDR Fund | 0.68% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
TECH vs. XLK - Drawdown Comparison
The maximum TECH drawdown since its inception was -74.39%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for TECH and XLK.
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Volatility
TECH vs. XLK - Volatility Comparison
Bio-Techne Corporation (TECH) has a higher volatility of 15.54% compared to Technology Select Sector SPDR Fund (XLK) at 6.47%. This indicates that TECH'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.
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