Correlation
The correlation between ^SIXE and ^SIXM is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^SIXE vs. ^SIXM
Compare and contrast key facts about Energy Select Sector Index (^SIXE) and Financial Select Sector Index (^SIXM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXE or ^SIXM.
Performance
^SIXE vs. ^SIXM - Performance Comparison
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Key characteristics
^SIXE:
-0.41
^SIXM:
1.17
^SIXE:
-0.47
^SIXM:
1.65
^SIXE:
0.93
^SIXM:
1.25
^SIXE:
-0.53
^SIXM:
1.49
^SIXE:
-1.39
^SIXM:
5.67
^SIXE:
8.34%
^SIXM:
4.12%
^SIXE:
24.95%
^SIXM:
20.12%
^SIXE:
-75.97%
^SIXM:
-52.30%
^SIXE:
-17.27%
^SIXM:
-2.44%
Returns By Period
In the year-to-date period, ^SIXE achieves a -5.41% return, which is significantly lower than ^SIXM's 5.16% return. Over the past 10 years, ^SIXE has underperformed ^SIXM with an annualized return of 0.83%, while ^SIXM has yielded a comparatively higher 9.81% annualized return.
^SIXE
-5.41%
-1.12%
-14.51%
-12.34%
-2.02%
16.28%
0.83%
^SIXM
5.16%
2.18%
-0.71%
22.37%
12.86%
16.90%
9.81%
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Risk-Adjusted Performance
^SIXE vs. ^SIXM — Risk-Adjusted Performance Rank
^SIXE
^SIXM
^SIXE vs. ^SIXM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Energy Select Sector Index (^SIXE) and Financial Select Sector Index (^SIXM). 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
^SIXE vs. ^SIXM - Drawdown Comparison
The maximum ^SIXE drawdown since its inception was -75.97%, which is greater than ^SIXM's maximum drawdown of -52.30%. Use the drawdown chart below to compare losses from any high point for ^SIXE and ^SIXM.
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Volatility
^SIXE vs. ^SIXM - Volatility Comparison
Energy Select Sector Index (^SIXE) has a higher volatility of 5.41% compared to Financial Select Sector Index (^SIXM) at 4.50%. This indicates that ^SIXE's price experiences larger fluctuations and is considered to be riskier than ^SIXM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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