WEIX vs. XLK
Compare and contrast key facts about Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) and Technology Select Sector SPDR Fund (XLK).
WEIX and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WEIX is an actively managed fund by Dynamic Shares Trust. It was launched on Jan 13, 2022. 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: WEIX or XLK.
Key characteristics
| WEIX | XLK | |
|---|---|---|
| YTD Return | -2.74% | 23.17% |
| 1Y Return | 3.72% | 32.35% |
| Sharpe Ratio | 0.18 | 1.64 |
| Sortino Ratio | 0.38 | 2.18 |
| Omega Ratio | 1.10 | 1.30 |
| Calmar Ratio | 0.17 | 2.11 |
| Martin Ratio | 0.58 | 7.30 |
| Ulcer Index | 8.88% | 4.91% |
| Daily Std Dev | 28.93% | 21.69% |
| Max Drawdown | -30.55% | -82.05% |
| Current Drawdown | -12.53% | -0.66% |
Correlation
The correlation between WEIX and XLK is 0.63, 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.
Performance
WEIX vs. XLK - Performance Comparison
In the year-to-date period, WEIX achieves a -2.74% return, which is significantly lower than XLK's 23.17% 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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WEIX vs. XLK - Expense Ratio Comparison
WEIX has a 0.50% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
WEIX vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) 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
WEIX vs. XLK - Dividend Comparison
WEIX has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.66%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WEIX Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF | 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 | 0.66% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
WEIX vs. XLK - Drawdown Comparison
The maximum WEIX drawdown since its inception was -30.55%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for WEIX and XLK. For additional features, visit the drawdowns tool.
Volatility
WEIX vs. XLK - Volatility Comparison
Dynamic Shares Trust - Dynamic Short Short-Term Volatility Futures ETF (WEIX) has a higher volatility of 6.96% compared to Technology Select Sector SPDR Fund (XLK) at 6.32%. This indicates that WEIX'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.