XITK vs. DIA
Compare and contrast key facts about SPDR FactSet Innovative Technology ETF (XITK) and SPDR Dow Jones Industrial Average ETF (DIA).
XITK and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XITK is a passively managed fund by State Street that tracks the performance of the FactSet Innovative Technology Index. It was launched on Jan 13, 2016. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both XITK and DIA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XITK or DIA.
Correlation
The correlation between XITK and DIA is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XITK vs. DIA - Performance Comparison
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Key characteristics
XITK:
0.76
DIA:
0.42
XITK:
1.17
DIA:
0.69
XITK:
1.15
DIA:
1.09
XITK:
0.41
DIA:
0.43
XITK:
2.25
DIA:
1.48
XITK:
9.00%
DIA:
4.62%
XITK:
28.55%
DIA:
17.33%
XITK:
-65.56%
DIA:
-51.87%
XITK:
-31.63%
DIA:
-6.38%
Returns By Period
In the year-to-date period, XITK achieves a 2.82% return, which is significantly higher than DIA's -1.07% return.
XITK
2.82%
18.35%
0.85%
21.61%
16.29%
6.81%
N/A
DIA
-1.07%
6.96%
-3.83%
7.22%
11.50%
13.37%
10.92%
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XITK vs. DIA - Expense Ratio Comparison
XITK has a 0.45% expense ratio, which is higher than DIA's 0.16% expense ratio.
Risk-Adjusted Performance
XITK vs. DIA — Risk-Adjusted Performance Rank
XITK
DIA
XITK vs. DIA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FactSet Innovative Technology ETF (XITK) and SPDR Dow Jones Industrial Average ETF (DIA). 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
XITK vs. DIA - Dividend Comparison
XITK has not paid dividends to shareholders, while DIA's dividend yield for the trailing twelve months is around 1.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XITK SPDR FactSet Innovative Technology ETF | 0.00% | 0.00% | 0.08% | 0.11% | 0.00% | 0.06% | 0.14% | 1.50% | 1.74% | 1.88% | 0.00% | 0.00% |
DIA SPDR Dow Jones Industrial Average ETF | 1.53% | 1.61% | 1.81% | 1.91% | 1.58% | 1.87% | 2.09% | 2.24% | 1.97% | 2.26% | 2.33% | 2.02% |
Drawdowns
XITK vs. DIA - Drawdown Comparison
The maximum XITK drawdown since its inception was -65.56%, which is greater than DIA's maximum drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for XITK and DIA. For additional features, visit the drawdowns tool.
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Volatility
XITK vs. DIA - Volatility Comparison
SPDR FactSet Innovative Technology ETF (XITK) has a higher volatility of 6.06% compared to SPDR Dow Jones Industrial Average ETF (DIA) at 4.38%. This indicates that XITK's price experiences larger fluctuations and is considered to be riskier than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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