Correlation
The correlation between XLK and ^XCI is 0.84, 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.
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.
Performance
XLK vs. ^XCI - Performance Comparison
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Key characteristics
XLK:
0.28
^XCI:
0.42
XLK:
0.60
^XCI:
0.86
XLK:
1.08
^XCI:
1.12
XLK:
0.33
^XCI:
0.54
XLK:
1.02
^XCI:
1.63
XLK:
8.22%
^XCI:
8.80%
XLK:
30.51%
^XCI:
30.95%
XLK:
-82.05%
^XCI:
-77.19%
XLK:
-4.19%
^XCI:
-5.07%
Returns By Period
In the year-to-date period, XLK achieves a -0.21% return, which is significantly higher than ^XCI's -1.54% return. Over the past 10 years, XLK has underperformed ^XCI with an annualized return of 19.66%, while ^XCI has yielded a comparatively higher 21.83% annualized return.
XLK
-0.21%
10.77%
0.36%
8.62%
18.86%
19.78%
19.66%
^XCI
-1.54%
13.03%
1.66%
12.88%
25.62%
24.17%
21.83%
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Risk-Adjusted Performance
XLK vs. ^XCI — Risk-Adjusted Performance Rank
XLK
^XCI
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.
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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.
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Volatility
XLK vs. ^XCI - Volatility Comparison
The current volatility for Technology Select Sector SPDR Fund (XLK) is 6.42%, while ARCA Computer Technology Index (^XCI) has a volatility of 6.96%. This indicates that XLK experiences smaller price fluctuations and is considered to be less risky than ^XCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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