Correlation
The correlation between ^SIXU and AWK is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^SIXU vs. AWK
Compare and contrast key facts about Utilities Select Sector Index (^SIXU) and American Water Works Company, Inc. (AWK).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXU or AWK.
Performance
^SIXU vs. AWK - Performance Comparison
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Key characteristics
^SIXU:
0.87
AWK:
0.67
^SIXU:
1.13
AWK:
1.11
^SIXU:
1.15
AWK:
1.14
^SIXU:
1.04
AWK:
0.50
^SIXU:
3.03
AWK:
1.86
^SIXU:
4.42%
AWK:
8.55%
^SIXU:
17.41%
AWK:
23.83%
^SIXU:
-36.56%
AWK:
-37.10%
^SIXU:
-2.16%
AWK:
-18.68%
Returns By Period
In the year-to-date period, ^SIXU achieves a 6.52% return, which is significantly lower than AWK's 16.25% return. Over the past 10 years, ^SIXU has underperformed AWK with an annualized return of 6.20%, while AWK has yielded a comparatively higher 12.74% annualized return.
^SIXU
6.52%
2.26%
-2.07%
13.45%
2.48%
6.30%
6.20%
AWK
16.25%
-2.16%
5.68%
15.87%
0.23%
4.32%
12.74%
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Risk-Adjusted Performance
^SIXU vs. AWK — Risk-Adjusted Performance Rank
^SIXU
AWK
^SIXU vs. AWK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Utilities Select Sector Index (^SIXU) and American Water Works Company, Inc. (AWK). 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
^SIXU vs. AWK - Drawdown Comparison
The maximum ^SIXU drawdown since its inception was -36.56%, roughly equal to the maximum AWK drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for ^SIXU and AWK.
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Volatility
^SIXU vs. AWK - Volatility Comparison
The current volatility for Utilities Select Sector Index (^SIXU) is 4.65%, while American Water Works Company, Inc. (AWK) has a volatility of 9.23%. This indicates that ^SIXU experiences smaller price fluctuations and is considered to be less risky than AWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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