^XCI vs. XLK
Compare and contrast key facts about ARCA Computer Technology Index (^XCI) and Technology Select Sector SPDR Fund (XLK).
XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCI or XLK.
Key characteristics
| ^XCI | XLK | |
|---|---|---|
| YTD Return | 31.08% | 14.86% |
| 1Y Return | 41.06% | 26.40% |
| 3Y Return (Ann) | 17.31% | 12.50% |
| 5Y Return (Ann) | 28.96% | 23.83% |
| 10Y Return (Ann) | 21.81% | 20.11% |
| Sharpe Ratio | 1.95 | 1.32 |
| Daily Std Dev | 21.30% | 20.54% |
| Max Drawdown | -77.19% | -82.05% |
| Current Drawdown | -7.70% | -7.30% |
Correlation
The correlation between ^XCI and XLK is 0.96, 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
^XCI vs. XLK - Performance Comparison
In the year-to-date period, ^XCI achieves a 31.08% return, which is significantly higher than XLK's 14.86% return. Over the past 10 years, ^XCI has outperformed XLK with an annualized return of 21.81%, while XLK has yielded a comparatively lower 20.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^XCI vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARCA Computer Technology Index (^XCI) and Technology Select Sector SPDR Fund (XLK). 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
^XCI vs. XLK - Drawdown Comparison
The maximum ^XCI drawdown since its inception was -77.19%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for ^XCI and XLK. For additional features, visit the drawdowns tool.
Volatility
^XCI vs. XLK - Volatility Comparison
The current volatility for ARCA Computer Technology Index (^XCI) is 8.00%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 8.73%. This indicates that ^XCI experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.