Correlation
The correlation between ^NYA and XLK is 0.87, 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.
^NYA vs. XLK
Compare and contrast key facts about NYSE Composite (^NYA) 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: ^NYA or XLK.
Performance
^NYA vs. XLK - Performance Comparison
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Key characteristics
^NYA:
0.60
XLK:
0.38
^NYA:
1.08
XLK:
0.64
^NYA:
1.16
XLK:
1.09
^NYA:
0.75
XLK:
0.36
^NYA:
3.10
XLK:
1.12
^NYA:
3.69%
XLK:
8.22%
^NYA:
16.20%
XLK:
30.48%
^NYA:
-59.01%
XLK:
-82.05%
^NYA:
-2.16%
XLK:
-3.64%
Returns By Period
In the year-to-date period, ^NYA achieves a 3.86% return, which is significantly higher than XLK's 0.36% return. Over the past 10 years, ^NYA has underperformed XLK with an annualized return of 6.09%, while XLK has yielded a comparatively higher 19.88% annualized return.
^NYA
3.86%
2.31%
-1.87%
9.68%
7.88%
10.02%
6.09%
XLK
0.36%
7.54%
-0.94%
11.62%
19.50%
19.51%
19.88%
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Risk-Adjusted Performance
^NYA vs. XLK — Risk-Adjusted Performance Rank
^NYA
XLK
^NYA vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NYSE Composite (^NYA) 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.
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Drawdowns
^NYA vs. XLK - Drawdown Comparison
The maximum ^NYA drawdown since its inception was -59.01%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ^NYA and XLK.
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Volatility
^NYA vs. XLK - Volatility Comparison
The current volatility for NYSE Composite (^NYA) is 3.92%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 6.40%. This indicates that ^NYA 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.
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