^AW03 vs. XLK
Compare and contrast key facts about FTSE All World ex UK Index (^AW03) and Technology Select Sector SPDR Fund (XLK).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AW03 or XLK.
Key characteristics
| ^AW03 | XLK | |
|---|---|---|
| YTD Return | 10.45% | 6.30% |
| 1Y Return | 18.46% | 19.18% |
| 3Y Return (Ann) | 2.39% | 9.51% |
| 5Y Return (Ann) | 8.96% | 21.33% |
| 10Y Return (Ann) | 6.66% | 19.26% |
| Sharpe Ratio | 1.77 | 0.82 |
| Daily Std Dev | 10.62% | 21.21% |
| Max Drawdown | -58.89% | -82.05% |
| Current Drawdown | -3.67% | -14.20% |
Correlation
The correlation between ^AW03 and XLK is 0.77, 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
^AW03 vs. XLK - Performance Comparison
In the year-to-date period, ^AW03 achieves a 10.45% return, which is significantly higher than XLK's 6.30% return. Over the past 10 years, ^AW03 has underperformed XLK with an annualized return of 6.66%, while XLK has yielded a comparatively higher 19.26% 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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Risk-Adjusted Performance
^AW03 vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FTSE All World ex UK Index (^AW03) and Technology Select Sector SPDR Fund (XLK). 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.
Drawdowns
^AW03 vs. XLK - Drawdown Comparison
The maximum ^AW03 drawdown since its inception was -58.89%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ^AW03 and XLK. For additional features, visit the drawdowns tool.
Volatility
^AW03 vs. XLK - Volatility Comparison
The current volatility for FTSE All World ex UK Index (^AW03) is 3.51%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 8.27%. This indicates that ^AW03 experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.