UCAR vs. XLK
UCAR (U Power Ltd) is a stock, while XLK (State Street Technology Select Sector SPDR ETF) is Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. Over the past year, UCAR returned -97.07% vs 35.41% for XLK. At a 0.12 correlation, their price movements are largely independent.
Performance
UCAR vs. XLK - Performance Comparison
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Returns By Period
In the year-to-date period, UCAR achieves a -92.76% return, which is significantly lower than XLK's 22.34% return.
UCAR
- 1D
- -4.35%
- 1M
- -7.56%
- 6M
- -92.91%
- YTD
- -92.76%
- 1Y
- -97.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -88.47%
XLK
- 1D
- 0.07%
- 1M
- -8.11%
- 6M
- 20.96%
- YTD
- 22.34%
- 1Y
- 35.41%
- 3Y*
- 26.73%
- 5Y*
- 19.16%
- 10Y*
- 23.89%
- ALL TIME*
- 10.23%
UCAR vs. XLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UCAR U Power Ltd | -92.76% | -77.08% | 2.48% |
XLK State Street Technology Select Sector SPDR ETF | 22.34% | 24.61% | 7.30% |
Correlation
The correlation between UCAR and XLK is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2024 | 0.12 |
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Return for Risk
UCAR vs. XLK — Risk / Return Rank
UCAR
XLK
UCAR vs. XLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U Power Ltd (UCAR) and State Street Technology Select Sector SPDR ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UCAR | XLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.23 | -3.21 |
| Martin ratioReturn relative to average drawdown | -1.35 | 6.53 | -7.88 |
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Drawdowns
UCAR vs. XLK - Drawdown Comparison
The maximum UCAR drawdown since its inception was -99.58%, 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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Drawdown Indicators
| UCAR | XLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.58% | -82.05% | -17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -99.04% | -15.92% | -83.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.56% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -98.78% | -11.25% | -87.53% |
Average DrawdownAverage peak-to-trough decline | -65.09% | -34.83% | -30.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.68% | 5.43% | +66.25% |
Volatility
UCAR vs. XLK - Volatility Comparison
U Power Ltd (UCAR) has a higher volatility of 24.80% compared to State Street Technology Select Sector SPDR ETF (XLK) at 9.59%. 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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Volatility by Period
| UCAR | XLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.80% | 9.59% | +15.21% |
Volatility (6M)Calculated over the trailing 6-month period | 234.39% | 20.94% | +213.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 373.76% | 24.61% | +349.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 280.58% | 25.57% | +255.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 280.58% | 24.81% | +255.77% |
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 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 State Street Technology Select Sector SPDR ETF | 0.45% | 0.54% | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% |
Frequently Asked Questions
UCAR and XLK have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCAR has higher volatility (24.80%) compared to XLK (9.59%). In terms of maximum drawdown, UCAR dropped -99.58% vs XLK's -82.05%.
XLK currently has the higher Sharpe Ratio (1.45 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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