^SIXM vs. ^SIXE
Compare and contrast key facts about Financial Select Sector Index (^SIXM) and Energy Select Sector Index (^SIXE).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXM or ^SIXE.
Correlation
The correlation between ^SIXM and ^SIXE 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.
Performance
^SIXM vs. ^SIXE - Performance Comparison
Key characteristics
^SIXM:
2.00
^SIXE:
-0.16
^SIXM:
2.92
^SIXE:
-0.11
^SIXM:
1.38
^SIXE:
0.99
^SIXM:
2.77
^SIXE:
-0.17
^SIXM:
12.43
^SIXE:
-0.43
^SIXM:
2.25%
^SIXE:
6.80%
^SIXM:
13.78%
^SIXE:
17.68%
^SIXM:
-52.30%
^SIXE:
-75.97%
^SIXM:
-5.60%
^SIXE:
-15.58%
Returns By Period
In the year-to-date period, ^SIXM achieves a 28.41% return, which is significantly higher than ^SIXE's -1.29% return. Over the past 10 years, ^SIXM has outperformed ^SIXE with an annualized return of 9.09%, while ^SIXE has yielded a comparatively lower 0.73% annualized return.
^SIXM
28.41%
-2.28%
17.29%
29.62%
9.53%
9.09%
^SIXE
-1.29%
-13.57%
-6.94%
-2.36%
7.12%
0.73%
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Risk-Adjusted Performance
^SIXM vs. ^SIXE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Financial Select Sector Index (^SIXM) and Energy Select Sector Index (^SIXE). 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
^SIXM vs. ^SIXE - Drawdown Comparison
The maximum ^SIXM drawdown since its inception was -52.30%, smaller than the maximum ^SIXE drawdown of -75.97%. Use the drawdown chart below to compare losses from any high point for ^SIXM and ^SIXE. For additional features, visit the drawdowns tool.
Volatility
^SIXM vs. ^SIXE - Volatility Comparison
Financial Select Sector Index (^SIXM) and Energy Select Sector Index (^SIXE) have volatilities of 4.46% and 4.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.