XNTK vs. XSW
Compare and contrast key facts about SPDR NYSE Technology ETF (XNTK) and SPDR S&P Software & Services ETF (XSW).
XNTK and XSW 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. XSW is a passively managed fund by State Street that tracks the performance of the S&P Software & Services Select Industry Index. It was launched on Sep 28, 2011. Both XNTK and XSW 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 XSW.
Performance
XNTK vs. XSW - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with XNTK having a 25.56% return and XSW slightly higher at 26.45%. Over the past 10 years, XNTK has outperformed XSW with an annualized return of 19.13%, while XSW has yielded a comparatively lower 15.56% annualized return.
XNTK
25.56%
2.34%
11.04%
34.90%
22.34%
19.13%
XSW
26.45%
14.14%
26.18%
42.03%
13.95%
15.56%
Key characteristics
| XNTK | XSW | |
|---|---|---|
| Sharpe Ratio | 1.61 | 1.95 |
| Sortino Ratio | 2.14 | 2.59 |
| Omega Ratio | 1.29 | 1.34 |
| Calmar Ratio | 2.10 | 1.52 |
| Martin Ratio | 7.37 | 10.17 |
| Ulcer Index | 4.81% | 4.20% |
| Daily Std Dev | 22.03% | 21.89% |
| Max Drawdown | -76.26% | -45.38% |
| Current Drawdown | -1.17% | -0.12% |
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XNTK vs. XSW - Expense Ratio Comparison
Both XNTK and XSW have an expense ratio of 0.35%.
Correlation
The correlation between XNTK and XSW is 0.80, 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. XSW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR NYSE Technology ETF (XNTK) and SPDR S&P Software & Services ETF (XSW). 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. XSW - Dividend Comparison
XNTK's dividend yield for the trailing twelve months is around 0.40%, more than XSW's 0.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XNTK SPDR NYSE Technology ETF | 0.40% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% | 0.87% | 1.05% |
XSW SPDR S&P Software & Services ETF | 0.09% | 0.20% | 0.09% | 0.13% | 0.26% | 0.12% | 0.31% | 0.46% | 0.87% | 0.54% | 0.53% | 2.07% |
Drawdowns
XNTK vs. XSW - Drawdown Comparison
The maximum XNTK drawdown since its inception was -76.26%, which is greater than XSW's maximum drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for XNTK and XSW. For additional features, visit the drawdowns tool.
Volatility
XNTK vs. XSW - Volatility Comparison
The current volatility for SPDR NYSE Technology ETF (XNTK) is 5.52%, while SPDR S&P Software & Services ETF (XSW) has a volatility of 8.17%. This indicates that XNTK experiences smaller price fluctuations and is considered to be less risky than XSW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.