^SIXT vs. SPY
Compare and contrast key facts about Technology Select Sector Index (^SIXT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXT or SPY.
Correlation
The correlation between ^SIXT and SPY is 0.89, 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
^SIXT vs. SPY - Performance Comparison
Key characteristics
^SIXT:
0.19
SPY:
0.54
^SIXT:
0.51
SPY:
0.90
^SIXT:
1.07
SPY:
1.13
^SIXT:
0.25
SPY:
0.57
^SIXT:
0.80
SPY:
2.24
^SIXT:
8.18%
SPY:
4.82%
^SIXT:
30.15%
SPY:
20.02%
^SIXT:
-33.93%
SPY:
-55.19%
^SIXT:
-10.88%
SPY:
-7.53%
Returns By Period
In the year-to-date period, ^SIXT achieves a -7.22% return, which is significantly lower than SPY's -3.30% return. Over the past 10 years, ^SIXT has outperformed SPY with an annualized return of 17.72%, while SPY has yielded a comparatively lower 12.33% annualized return.
^SIXT
-7.22%
20.14%
-9.13%
5.33%
18.05%
17.72%
SPY
-3.30%
13.81%
-4.52%
10.65%
15.81%
12.33%
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Risk-Adjusted Performance
^SIXT vs. SPY — Risk-Adjusted Performance Rank
^SIXT
SPY
^SIXT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector Index (^SIXT) and SPDR S&P 500 ETF (SPY). 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
^SIXT vs. SPY - Drawdown Comparison
The maximum ^SIXT drawdown since its inception was -33.93%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^SIXT and SPY. For additional features, visit the drawdowns tool.
Volatility
^SIXT vs. SPY - Volatility Comparison
Technology Select Sector Index (^SIXT) has a higher volatility of 15.59% compared to SPDR S&P 500 ETF (SPY) at 12.36%. This indicates that ^SIXT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.