Correlation
The correlation between ^XCI and ^GSPC is 0.80, 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.
^XCI vs. ^GSPC
Compare and contrast key facts about ARCA Computer Technology Index (^XCI) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XCI or ^GSPC.
Performance
^XCI vs. ^GSPC - Performance Comparison
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Key characteristics
^XCI:
0.48
^GSPC:
0.66
^XCI:
0.76
^GSPC:
0.94
^XCI:
1.10
^GSPC:
1.14
^XCI:
0.45
^GSPC:
0.60
^XCI:
1.37
^GSPC:
2.28
^XCI:
8.80%
^GSPC:
5.01%
^XCI:
30.95%
^GSPC:
19.77%
^XCI:
-77.19%
^GSPC:
-56.78%
^XCI:
-5.53%
^GSPC:
-3.78%
Returns By Period
In the year-to-date period, ^XCI achieves a -2.01% return, which is significantly lower than ^GSPC's 0.51% return. Over the past 10 years, ^XCI has outperformed ^GSPC with an annualized return of 21.80%, while ^GSPC has yielded a comparatively lower 10.85% annualized return.
^XCI
-2.01%
12.29%
0.20%
14.67%
25.63%
24.05%
21.80%
^GSPC
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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Risk-Adjusted Performance
^XCI vs. ^GSPC — Risk-Adjusted Performance Rank
^XCI
^GSPC
^XCI vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARCA Computer Technology Index (^XCI) and S&P 500 (^GSPC). 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
^XCI vs. ^GSPC - Drawdown Comparison
The maximum ^XCI drawdown since its inception was -77.19%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^XCI and ^GSPC.
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Volatility
^XCI vs. ^GSPC - Volatility Comparison
ARCA Computer Technology Index (^XCI) has a higher volatility of 7.03% compared to S&P 500 (^GSPC) at 4.77%. This indicates that ^XCI's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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