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.
^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.
Performance
^SIXT vs. SPY - Performance Comparison
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Key characteristics
^SIXT:
0.26
SPY:
0.70
^SIXT:
0.57
SPY:
1.02
^SIXT:
1.08
SPY:
1.15
^SIXT:
0.30
SPY:
0.68
^SIXT:
0.93
SPY:
2.57
^SIXT:
8.29%
SPY:
4.93%
^SIXT:
30.63%
SPY:
20.42%
^SIXT:
-33.93%
SPY:
-55.19%
^SIXT:
-4.39%
SPY:
-3.55%
Returns By Period
In the year-to-date period, ^SIXT achieves a -0.47% return, which is significantly lower than SPY's 0.87% return. Over the past 10 years, ^SIXT has outperformed SPY with an annualized return of 18.29%, while SPY has yielded a comparatively lower 12.73% annualized return.
^SIXT
-0.47%
10.12%
-0.85%
10.49%
17.90%
18.84%
18.29%
SPY
0.87%
6.28%
-1.56%
14.21%
14.25%
15.81%
12.73%
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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.
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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.
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Volatility
^SIXT vs. SPY - Volatility Comparison
Technology Select Sector Index (^SIXT) has a higher volatility of 6.38% compared to SPDR S&P 500 ETF (SPY) at 4.86%. 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.
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