XNTK vs. IYW
Compare and contrast key facts about SPDR NYSE Technology ETF (XNTK) and iShares U.S. Technology ETF (IYW).
XNTK and IYW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XNTK is a passively managed fund by State Street that tracks the performance of the NYSE Technology Index. It was launched on Sep 25, 2000. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both XNTK and IYW 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: XNTK or IYW.
Performance
XNTK vs. IYW - Performance Comparison
Returns By Period
In the year-to-date period, XNTK achieves a 23.96% return, which is significantly lower than IYW's 28.88% return. Over the past 10 years, XNTK has underperformed IYW with an annualized return of 19.03%, while IYW has yielded a comparatively higher 20.63% annualized return.
XNTK
23.96%
0.95%
9.07%
33.77%
22.05%
19.03%
IYW
28.88%
1.07%
12.94%
35.70%
24.07%
20.63%
Key characteristics
| XNTK | IYW | |
|---|---|---|
| Sharpe Ratio | 1.49 | 1.64 |
| Sortino Ratio | 2.01 | 2.17 |
| Omega Ratio | 1.27 | 1.29 |
| Calmar Ratio | 1.94 | 2.16 |
| Martin Ratio | 6.80 | 7.45 |
| Ulcer Index | 4.81% | 4.66% |
| Daily Std Dev | 22.02% | 21.17% |
| Max Drawdown | -76.26% | -81.89% |
| Current Drawdown | -2.43% | -2.07% |
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XNTK vs. IYW - Expense Ratio Comparison
XNTK has a 0.35% expense ratio, which is lower than IYW's 0.42% expense ratio.
Correlation
The correlation between XNTK and IYW is 0.90, 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.
Risk-Adjusted Performance
XNTK vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and iShares U.S. Technology ETF (IYW). 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
XNTK vs. IYW - Dividend Comparison
XNTK's dividend yield for the trailing twelve months is around 0.41%, more than IYW's 0.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XNTK SPDR NYSE Technology ETF | 0.41% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% | 0.87% | 1.05% |
IYW iShares U.S. Technology ETF | 0.31% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
XNTK vs. IYW - Drawdown Comparison
The maximum XNTK drawdown since its inception was -76.26%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for XNTK and IYW. For additional features, visit the drawdowns tool.
Volatility
XNTK vs. IYW - Volatility Comparison
The current volatility for SPDR NYSE Technology ETF (XNTK) is 5.69%, while iShares U.S. Technology ETF (IYW) has a volatility of 6.59%. This indicates that XNTK experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.