XLK vs QQQ comparison¶

XLK vs QQQ performance comment¶

Market Performance Metrics overview¶

Metric	XLK	QQQ
High	205.29	429.85
Low	183.42	395.34
Close	203.25	425.83
Start Price	187.44	402.59
Gain %	8.43%	5.77%
Annualized Gain %	128.28%	87.79%
Annualized Volatility %	16.47%	13.96%
Max Drawdown %	-1.77%	-1.57%
Sharpe Ratio	8.36	6.83

The Gain % reflects the return achieved in the 60-day period, with XLK outperforming QQQ. The Annualized Gain %, which annualizes the return over a one-year period, also presents XLK as the better performer with a higher return. However, this higher return comes with increased Annualized Volatility %, indicating greater price fluctuations and potentially higher risk. Both markets experienced minimal Max Drawdown %, indicating relatively low risk during this time period. The Sharpe Ratio, which measures risk-adjusted return, favors XLK, suggesting that XLK provided better risk-adjusted returns compared to QQQ during this time period.

Market Insights¶

The XLK market exhibited higher returns and volatility compared to the QQQ market, as evidenced by the Gain % and Annualized Volatility %. This suggests that XLK offered potentially higher returns, but at the expense of greater price fluctuations. Despite this increased volatility, XLK still managed to deliver a superior risk-adjusted return, as indicated by the higher Sharpe Ratio.

Conclusion¶

In conclusion, the 60-day comparison of XLK and QQQ markets reveals that XLK outperformed QQQ in terms of both returns and risk-adjusted returns. The higher returns of XLK came with increased volatility, but the market still managed to provide a better risk-adjusted return compared to QQQ during this period. Investors should carefully consider their risk tolerance and investment goals when evaluating these markets.

XLK YTD Return (Daily)¶

Comment on YTD Total Returns Results of XLK¶

Year-to-Date Performance¶

The YTD open for XLK in the current year was 189.86, which reached a high of YTD high at 205.29 and a low of YTD low at 183.42 before closing at 203.25, resulting in a YTD gain of 8.43%. The YTD annualized gain stood at 128.28%, with an annualized volatility of 16.47%. The YTD max drawdown was -1.77%. Additionally, the YTD Sharpe ratio for XLK was an impressive 8.36.

Previous Year Performance¶

The annualized gain for the last year was 57.51%, while the annualized volatility was 18.55%. The last year max drawdown was reported at -10.94%, and the Sharpe ratio stood at 2.57.

Historical Performance¶

The historical annualized volatility for XLK, excluding the current year, was 25.90%, with an historical annualized gain of 9.72%. The max drawdown in data, again excluding the current year, was a significant -82.05%. The average Sharpe ratio for all years, excluding the last, was 0.38.

Current Market Conditions¶

The XLK recently closed at 203.25, with a last 5 days gain of 4.59%. The moving average for the last 200 days (MA 200) is 170.79, the MA 50 is 188.49, and the MA 5 is 200.40. The average annualized volatility at the moment is 18.21%, and it stood at 11.52% a month ago. The current price of 203.25 is above both the MA 200 and MA 50, indicating strong recent performance. However, it is slightly below the MA 5, suggesting a potential short-term correction. The average annualized volatility has increased over the past month, which could indicate greater market uncertainty.

XLK Annual Dividends¶

Year	Annual Dividend	Dividend Yield
2023	$1.46	0.76%
2022	$1.29	1.01%
2021	$1.12	0.67%
2020	$1.2	0.93%
2019	$1.06	1.17%

XLK Montly Dividends¶

Year	Mar	Jun	Sep	Dec
2023	$0.32	$0.36	$0.36	$0.42
2022	$0.29	$0.32	$0.32	$0.37
2021	$0.27	$0.26	$0.27	$0.32
2020	$0.37	$0.28	$0.25	$0.3
2019	$0.23	$0.28	$0.25	$0.29
2018	$0.22	$0.26	$0.25	$0.27
2017	$0.21	$0.22	$0.21	$0.24
2016	$0.22	$0.21	$0.2	$0.22
2015	$0.17	$0.19	$0.18	$0.22
2014	$0.16	$0.18	$0.17	$0.22
2013	$0.12	$0.16	$0.16	$0.17
2012	$0.1	$0.11	$0.13	$0.17
2011	$0.08	$0.1	$0.09	$0.11
2010	$0.07	$0.08	$0.08	$0.09
2009	$0.08	$0.08	$0.08	$0.08
2008	$0.01	$0.07	$0.07	$0.08
2007	0.0	$0.02	$0.05	$0.12
2006	0.0	0.0	$0.04	$0.13
2005	0.0	0.0	0.0	$0.15
2004	0.0	0.0	0.0	$0.42
2003	0.0	0.0	0.0	$0.14
2002	0.0	0.0	0.0	$0.04

Published: 2024-01-25

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