TETEU vs. XLK
Compare and contrast key facts about Technology & Telecommunication Acquisition Corporation Unit (TETEU) 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: TETEU or XLK.
Correlation
The correlation between TETEU and XLK is 0.03, 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
TETEU vs. XLK - Performance Comparison
Key characteristics
TETEU:
-0.12
XLK:
0.88
TETEU:
-0.01
XLK:
1.27
TETEU:
0.99
XLK:
1.17
TETEU:
-0.16
XLK:
1.18
TETEU:
-0.52
XLK:
3.96
TETEU:
4.88%
XLK:
5.04%
TETEU:
21.08%
XLK:
22.80%
TETEU:
-16.18%
XLK:
-82.05%
TETEU:
-14.96%
XLK:
-0.32%
Returns By Period
In the year-to-date period, TETEU achieves a -9.56% return, which is significantly lower than XLK's 3.82% return.
TETEU
-9.56%
-7.69%
-7.08%
-2.53%
N/A
N/A
XLK
3.82%
2.27%
9.91%
21.99%
20.57%
20.34%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
TETEU vs. XLK — Risk-Adjusted Performance Rank
TETEU
XLK
TETEU vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology & Telecommunication Acquisition Corporation Unit (TETEU) 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
TETEU vs. XLK - Dividend Comparison
TETEU 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TETEU Technology & Telecommunication Acquisition Corporation Unit | 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
TETEU vs. XLK - Drawdown Comparison
The maximum TETEU drawdown since its inception was -16.18%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for TETEU and XLK. For additional features, visit the drawdowns tool.
Volatility
TETEU vs. XLK - Volatility Comparison
Technology & Telecommunication Acquisition Corporation Unit (TETEU) has a higher volatility of 19.92% compared to Technology Select Sector SPDR Fund (XLK) at 7.31%. This indicates that TETEU'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.