XLK vs. ^XCI
Compare and contrast key facts about Technology Select Sector SPDR Fund (XLK) and ARCA Computer Technology Index (^XCI).
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: XLK or ^XCI.
Key characteristics
| XLK | ^XCI | |
|---|---|---|
| YTD Return | 19.80% | 37.91% |
| 1Y Return | 36.37% | 52.46% |
| 3Y Return (Ann) | 14.75% | 20.56% |
| 5Y Return (Ann) | 24.42% | 29.34% |
| 10Y Return (Ann) | 21.40% | 23.30% |
| Sharpe Ratio | 1.66 | 2.34 |
| Sortino Ratio | 2.20 | 3.01 |
| Omega Ratio | 1.29 | 1.39 |
| Calmar Ratio | 2.11 | 3.10 |
| Martin Ratio | 7.34 | 10.49 |
| Ulcer Index | 4.87% | 4.88% |
| Daily Std Dev | 21.57% | 21.89% |
| Max Drawdown | -82.05% | -77.19% |
| Current Drawdown | -3.31% | -2.90% |
Correlation
The correlation between XLK and ^XCI 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
XLK vs. ^XCI - Performance Comparison
In the year-to-date period, XLK achieves a 19.80% return, which is significantly lower than ^XCI's 37.91% return. Over the past 10 years, XLK has underperformed ^XCI with an annualized return of 21.40%, while ^XCI has yielded a comparatively higher 23.30% 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
XLK vs. ^XCI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Technology Select Sector SPDR Fund (XLK) and ARCA Computer Technology Index (^XCI). 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
XLK vs. ^XCI - Drawdown Comparison
The maximum XLK drawdown since its inception was -82.05%, which is greater than ^XCI's maximum drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for XLK and ^XCI. For additional features, visit the drawdowns tool.
Volatility
XLK vs. ^XCI - Volatility Comparison
Technology Select Sector SPDR Fund (XLK) has a higher volatility of 5.77% compared to ARCA Computer Technology Index (^XCI) at 5.23%. This indicates that XLK's price experiences larger fluctuations and is considered to be riskier than ^XCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.