TECK vs. IXN
Compare and contrast key facts about Teck Resources Limited (TECK) and iShares Global Tech ETF (IXN).
IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECK or IXN.
Key characteristics
| TECK | IXN | |
|---|---|---|
| YTD Return | 16.84% | 6.86% |
| 1Y Return | 16.45% | 37.79% |
| 3Y Return (Ann) | 32.18% | 12.19% |
| 5Y Return (Ann) | 18.09% | 20.19% |
| 10Y Return (Ann) | 10.02% | 19.08% |
| Sharpe Ratio | 0.39 | 2.06 |
| Daily Std Dev | 37.14% | 18.18% |
| Max Drawdown | -95.26% | -55.67% |
| Current Drawdown | -3.49% | -3.62% |
Correlation
The correlation between TECK and IXN is 0.40, 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
TECK vs. IXN - Performance Comparison
In the year-to-date period, TECK achieves a 16.84% return, which is significantly higher than IXN's 6.86% return. Over the past 10 years, TECK has underperformed IXN with an annualized return of 10.02%, while IXN has yielded a comparatively higher 19.08% annualized return. 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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Risk-Adjusted Performance
TECK vs. IXN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Teck Resources Limited (TECK) and iShares Global Tech ETF (IXN). 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
TECK vs. IXN - Dividend Comparison
TECK's dividend yield for the trailing twelve months is around 0.76%, more than IXN's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECK Teck Resources Limited | 0.76% | 1.74% | 2.07% | 0.55% | 0.81% | 0.93% | 0.99% | 1.74% | 0.37% | 3.96% | 5.91% | 3.32% |
IXN iShares Global Tech ETF | 0.52% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% | 1.02% |
Drawdowns
TECK vs. IXN - Drawdown Comparison
The maximum TECK drawdown since its inception was -95.26%, which is greater than IXN's maximum drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for TECK and IXN. For additional features, visit the drawdowns tool.
Volatility
TECK vs. IXN - Volatility Comparison
Teck Resources Limited (TECK) has a higher volatility of 11.96% compared to iShares Global Tech ETF (IXN) at 7.02%. This indicates that TECK's price experiences larger fluctuations and is considered to be riskier than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.