Correlation
The correlation between UCAR and XLK is 0.19, 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.
UCAR vs. XLK
Compare and contrast key facts about U Power Ltd (UCAR) 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: UCAR or XLK.
Performance
UCAR vs. XLK - Performance Comparison
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Key characteristics
UCAR:
-0.47
XLK:
0.36
UCAR:
-0.12
XLK:
0.56
UCAR:
0.98
XLK:
1.08
UCAR:
-0.43
XLK:
0.30
UCAR:
-1.01
XLK:
0.92
UCAR:
42.77%
XLK:
8.22%
UCAR:
95.15%
XLK:
30.50%
UCAR:
-100.00%
XLK:
-82.05%
UCAR:
-99.93%
XLK:
-4.49%
Returns By Period
In the year-to-date period, UCAR achieves a -52.67% return, which is significantly lower than XLK's -0.52% return.
UCAR
-52.67%
16.22%
-50.35%
-41.56%
N/A
N/A
N/A
XLK
-0.52%
8.38%
-0.87%
10.64%
19.02%
19.70%
19.65%
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Risk-Adjusted Performance
UCAR vs. XLK — Risk-Adjusted Performance Rank
UCAR
XLK
UCAR vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for U Power Ltd (UCAR) 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
UCAR vs. XLK - Dividend Comparison
UCAR has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCAR U Power Ltd | 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 | 0.68% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% |
Drawdowns
UCAR vs. XLK - Drawdown Comparison
The maximum UCAR drawdown since its inception was -100.00%, which is greater than XLK's maximum drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for UCAR and XLK.
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Volatility
UCAR vs. XLK - Volatility Comparison
U Power Ltd (UCAR) has a higher volatility of 27.32% compared to Technology Select Sector SPDR Fund (XLK) at 6.47%. This indicates that UCAR'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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