XLK vs. ARKK
Compare and contrast key facts about Technology Select Sector SPDR Fund (XLK) and ARK Innovation ETF (ARKK).
XLK and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLK or ARKK.
Performance
XLK vs. ARKK - Performance Comparison
Returns By Period
In the year-to-date period, XLK achieves a 20.71% return, which is significantly higher than ARKK's 5.56% return. Over the past 10 years, XLK has outperformed ARKK with an annualized return of 20.26%, while ARKK has yielded a comparatively lower 11.71% annualized return.
XLK
20.71%
-0.37%
7.81%
26.58%
22.92%
20.26%
ARKK
5.56%
16.67%
22.87%
26.01%
3.44%
11.71%
Key characteristics
| XLK | ARKK | |
|---|---|---|
| Sharpe Ratio | 1.18 | 0.65 |
| Sortino Ratio | 1.64 | 1.12 |
| Omega Ratio | 1.22 | 1.13 |
| Calmar Ratio | 1.51 | 0.31 |
| Martin Ratio | 5.19 | 1.61 |
| Ulcer Index | 4.92% | 14.38% |
| Daily Std Dev | 21.69% | 35.60% |
| Max Drawdown | -82.05% | -80.91% |
| Current Drawdown | -2.65% | -64.11% |
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XLK vs. ARKK - Expense Ratio Comparison
XLK has a 0.13% expense ratio, which is lower than ARKK's 0.75% expense ratio.
Correlation
The correlation between XLK and ARKK is 0.67, 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.
Risk-Adjusted Performance
XLK vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and ARK Innovation ETF (ARKK). 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
XLK vs. ARKK - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.67%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
XLK vs. ARKK - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for XLK and ARKK. For additional features, visit the drawdowns tool.
Volatility
XLK vs. ARKK - Volatility Comparison
The current volatility for Technology Select Sector SPDR Fund (XLK) is 6.36%, while ARK Innovation ETF (ARKK) has a volatility of 14.40%. This indicates that XLK experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.