XLK vs. SWPPX
Compare and contrast key facts about Technology Select Sector SPDR Fund (XLK) and Schwab S&P 500 Index Fund (SWPPX).
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. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLK or SWPPX.
Key characteristics
| XLK | SWPPX | |
|---|---|---|
| YTD Return | 2.83% | 6.28% |
| 1Y Return | 36.34% | 26.38% |
| 3Y Return (Ann) | 12.24% | 8.08% |
| 5Y Return (Ann) | 21.50% | 13.29% |
| 10Y Return (Ann) | 20.16% | 12.48% |
| Sharpe Ratio | 2.15 | 2.19 |
| Daily Std Dev | 17.83% | 11.83% |
| Max Drawdown | -82.05% | -55.06% |
| Current Drawdown | -6.20% | -3.86% |
Correlation
The correlation between XLK and SWPPX is 0.86, 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
XLK vs. SWPPX - Performance Comparison
In the year-to-date period, XLK achieves a 2.83% return, which is significantly lower than SWPPX's 6.28% return. Over the past 10 years, XLK has outperformed SWPPX with an annualized return of 20.16%, while SWPPX has yielded a comparatively lower 12.48% annualized 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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XLK vs. SWPPX - Expense Ratio Comparison
XLK has a 0.13% expense ratio, which is higher than SWPPX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XLK vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and Schwab S&P 500 Index Fund (SWPPX). 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. SWPPX - Dividend Comparison
XLK's dividend yield for the trailing twelve months is around 0.75%, less than SWPPX's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLK Technology Select Sector SPDR Fund | 0.75% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
SWPPX Schwab S&P 500 Index Fund | 1.35% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.66% | 1.78% | 2.55% | 3.17% | 1.80% | 1.67% |
Drawdowns
XLK vs. SWPPX - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for XLK and SWPPX. For additional features, visit the drawdowns tool.
Volatility
XLK vs. SWPPX - Volatility Comparison
Technology Select Sector SPDR Fund (XLK) has a higher volatility of 5.33% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.60%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.