^SIXU vs. CWT
Compare and contrast key facts about Utilities Select Sector Index (^SIXU) and California Water Service Group (CWT).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SIXU or CWT.
Correlation
The correlation between ^SIXU and CWT is 0.57, 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
^SIXU vs. CWT - Performance Comparison
Key characteristics
^SIXU:
1.12
CWT:
-0.45
^SIXU:
1.59
CWT:
-0.50
^SIXU:
1.20
CWT:
0.94
^SIXU:
0.76
CWT:
-0.27
^SIXU:
4.97
CWT:
-1.18
^SIXU:
3.52%
CWT:
8.40%
^SIXU:
15.58%
CWT:
22.05%
^SIXU:
-36.56%
CWT:
-36.49%
^SIXU:
-9.40%
CWT:
-32.16%
Returns By Period
In the year-to-date period, ^SIXU achieves a 17.93% return, which is significantly higher than CWT's -9.36% return. Over the past 10 years, ^SIXU has underperformed CWT with an annualized return of 4.75%, while CWT has yielded a comparatively higher 8.59% annualized return.
^SIXU
17.93%
-6.80%
8.45%
19.68%
2.99%
4.75%
CWT
-9.36%
-9.95%
-3.20%
-9.81%
-0.20%
8.59%
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Risk-Adjusted Performance
^SIXU vs. CWT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Utilities Select Sector Index (^SIXU) and California Water Service Group (CWT). 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
^SIXU vs. CWT - Drawdown Comparison
The maximum ^SIXU drawdown since its inception was -36.56%, roughly equal to the maximum CWT drawdown of -36.49%. Use the drawdown chart below to compare losses from any high point for ^SIXU and CWT. For additional features, visit the drawdowns tool.
Volatility
^SIXU vs. CWT - Volatility Comparison
The current volatility for Utilities Select Sector Index (^SIXU) is 4.57%, while California Water Service Group (CWT) has a volatility of 5.63%. This indicates that ^SIXU experiences smaller price fluctuations and is considered to be less risky than CWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.