XSW vs AGOX

Comparison between STATE STREET(R) SPDR(R) S&P(R) SOFTWARE & SERVICES ETF (XSW, ETF) and ADAPTIVE ALPHA OPPORTUNITIES ETF (AGOX, ETF).

5-Year PerformanceAGOX has outperformed XSW, delivering a return of +8.7% compared to +0.9%

XSW vs AGOX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XSW(ETF)	AGOX(ETF)
Net Assets	$365M	$364M
Expense Ratio	0.35%	1.33%
Max Drawdown	45.41%	30.21%
Sharpe Ratio	-0.31	1.13
5Y Beta	1.27	0.98
P/E Ratio	-180.65	N/A
Forward P/E	15.12	N/A
5Y Dividends CAGR	-10.61%	N/A
Debt to Equity	32.90%	N/A
P/S Ratio	2.45	N/A
P/B Ratio	3.64	N/A

Net Assets

Winner

XSW

$365M

AGOX

$364M

Expense Ratio

Winner

XSW

0.35%

AGOX

1.33%

Max Drawdown

XSW

45.41%

Winner

AGOX

30.21%

Sharpe Ratio

XSW

-0.31

Winner

AGOX

1.13

5Y Beta

XSW

1.27

Winner

AGOX

0.98

P/E Ratio

XSW

-180.65

AGOX

N/A

Forward P/E

XSW

15.12

AGOX

N/A

5Y Dividends CAGR

XSW

-10.61%

AGOX

N/A

Debt to Equity

XSW

32.90%

AGOX

N/A

P/S Ratio

XSW

2.45

AGOX

N/A

P/B Ratio

XSW

3.64

AGOX

N/A

XSW vs AGOX - Holdings Comparison

XSW and AGOX have 2 common holdings. Overlap is -5.47%

XSW's top 25 holdings weight is 26.99%. AGOX's top 25 holdings weight is 72.49%.

Rank	XSW	AGOX
#1	ARTERIS INC (AIP) - 1.67%	STATE STREET®HLTHCRSELSECTSPDR®ETF (XLV) - 5.74%
#2	HUT 8 CORP (HUT) - 1.51%	QQQ 260618C0066000 (n/a) - 5.48%
#3	RIOT PLATFORMS INC (RIOT) - 1.21%	STATE STREET®TECHSELSECTSPDR®ETF (XLK) - 5.05%
#4	DATADOG INC CLASS A (DDOG) - 1.20%	VANGUARD FTSE EMERGING MARKETS ETF (VWO) - 4.61%
#5	CLEANSPARK INC (CLSK) - 1.20%	STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 4.60%
#6	MARA HOLDINGS INC (MARA) - 1.15%	QQQ 260821C0058500 (n/a) - 4.12%
#7	TERAWULF INC (WULF) - 1.14%	WDC 270115C0027000 (n/a) - 3.59%
#8	CIPHER DIGITAL INC (CIFR) - 1.12%	ISHARES GLOBAL INFRASTRUCTURE ETF (IGF) - 2.93%
#9	CERENCE INC ORDINARY SHARES (CRNC) - 1.11%	SPY 260618C0072100 (n/a) - 2.80%
#10	FORTINET INC (FTNT) - 1.10%	SMH 260918C0053000 (n/a) - 2.71%
#11	n/a (CORZ) - 1.09%	SMH 260717C0039500 (n/a) - 2.67%
#12	AURORA INNOVATION INC CLASS A (AUR) - 1.08%	QQQ 260821C0064000 (n/a) - 2.64%
#13	PALO ALTO NETWORKS INC (PANW) - 1.07%	SPDR® GOLD SHARES (GLD) - 2.49%
#14	CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 1.04%	ISHARES MSCI USA MOMENTUM FACTOR ETF (MTUM) - 2.40%
#15	D-WAVE QUANTUM INC (QBTS) - 1.01%	HOWMET AEROSPACE INC (HWM) - 2.26%
#16	A10 NETWORKS INC (ATEN) - 0.97%	IWM 260618C0025000 (n/a) - 2.11%
#17	CLEAR SECURE INC ORDINARY SHARES CLASS A (YOU) - 0.96%	ISHARES MSCI EAFE VALUE ETF (EFV) - 2.06%
#18	NEXTNAV INC (NN) - 0.94%	QQQ 260821C0070500 (n/a) - 1.97%
#19	FIVE9 INC (FIVN) - 0.93%	NVIDIA CORP (NVDA) - 1.92%
#20	BRAZE INC CLASS A (BRZE) - 0.93%	SMH 260618C0038500 (n/a) - 1.91%
#21	n/a (PRCH) - 0.92%	SMH 260717C0046500 (n/a) - 1.83%
#22	COMMVAULT SYSTEMS INC (CVLT) - 0.92%	SPY 260821C0073500 (n/a) - 1.83%
#23	UNITY SOFTWARE INC ORDINARY SHARES (U) - 0.92%	FIDELITY INV MM GOVERNMENT I (FIGXX) - 1.70%
#24	LIVERAMP HOLDINGS INC (RAMP) - 0.90%	QQQ 260717C0068000 (n/a) - 1.57%
#25	ZOOM COMMUNICATIONS INC (ZM) - 0.90%	QQQ 260618C0061500 (n/a) - 1.50%
Total Holdings	137	300

XSW vs AGOX - Historical Returns

Returns include dividend reinvestment.

Period	XSW	AGOX
1 month	+4.54%	+6.89%
3 months	+6.58%	+21.80%
6 months	-12.25%	+18.24%
1 year	-8.38%	+25.65%
5 years(CAGR)	+0.87%	+8.68%
10 years(CAGR)	+12.75%	N/A
Max(CAGR)	+14.70%	+9.74%

XSW

+4.54%

Winner

AGOX

+6.89%

XSW

+6.58%

Winner

AGOX

+21.80%

XSW

-12.25%

Winner

AGOX

+18.24%

XSW

-8.38%

Winner

AGOX

+25.65%

5Y(CAGR)

XSW

+0.87%

Winner

AGOX

+8.68%

10Y(CAGR)

XSW

+12.75%

AGOX

N/A

Max(CAGR)

Winner

XSW

+14.70%

AGOX

+9.74%

XSW vs AGOX - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	XSW	AGOX
2026	-8.46%	+19.14%
2025	-1.16%	+7.02%
2024	+29.32%	+16.55%
2023	+38.62%	+19.27%
2022	-34.54%	-19.09%
2021	+9.73%	+9.84%
2020	+50.39%	N/A
2019	+35.90%	N/A
2018	+7.47%	N/A
2017	+27.51%	N/A
2016	+12.67%	N/A
2015	+10.00%	N/A
2014	+6.95%	N/A
2013	+44.43%	N/A
2012	+13.85%	N/A
2011	+13.75%	N/A

XSW vs AGOX Drawdown Comparison

The maximum drawdown for XSW was -45.38%, occurring on Nov 9, 2022. Recovery took 755 trading sessions.

The maximum drawdown for AGOX was -26.92%, occurring on Oct 14, 2022. Recovery took 578 trading sessions.

The current XSW drawdown is -18.04%. The current AGOX drawdown is -1.85%.

Rank	XSW	AGOX
#1	-45.38% Nov 9, 2021 - Nov 11, 2024	-26.92% Nov 16, 2021 - Mar 7, 2024
#2	-37.82% Feb 19, 2020 - Jun 23, 2020	-21.15% Jan 23, 2025 - Jun 30, 2025
#3	-33.75% Sep 22, 2025 - Apr 10, 2026	-15.36% Oct 28, 2025 - Apr 15, 2026
#4	-30.79% Dec 6, 2024 - Sep 22, 2025	-8.86% Aug 19, 2024 - Oct 14, 2024
#5	-24.69% Jun 23, 2015 - Jul 12, 2016	-8.25% Mar 7, 2024 - May 24, 2024
#6	-24.20% Sep 14, 2018 - Feb 25, 2019	-8.15% Jul 10, 2024 - Aug 15, 2024
#7	-16.73% Mar 5, 2014 - Dec 19, 2014	-6.73% Dec 4, 2024 - Jan 22, 2025
#8	-14.60% Feb 12, 2021 - Aug 27, 2021	-6.18% Oct 14, 2024 - Dec 2, 2024
#9	-12.81% Mar 27, 2012 - Sep 7, 2012	-4.83% Jul 2, 2021 - Jul 29, 2021
#10	-11.35% Sep 14, 2012 - Jan 11, 2013	-4.61% Sep 2, 2021 - Oct 19, 2021
#11	-10.81% Sep 2, 2020 - Oct 12, 2020	-3.62% May 14, 2026 - Jun 1, 2026
#12	-10.50% Jul 26, 2019 - Nov 26, 2019	-3.44% Aug 11, 2021 - Aug 25, 2021
#13	-10.22% Oct 27, 2011 - Jan 24, 2012	-3.08% May 28, 2024 - Jun 12, 2024
#14	-9.11% Apr 30, 2019 - Jul 10, 2019	-2.95% Oct 9, 2025 - Oct 27, 2025
#15	-9.02% Oct 13, 2020 - Nov 16, 2020	-2.79% Apr 23, 2026 - May 6, 2026

Correlation

Correlation between XSW and AGOX is 0.77 which considered as a strong positive correlation - the stocks tend to move together.

0.77

-101

Dividend Comparison (2011 - 2025)

XSW vs AGOX dividend yield comparison.

Year	XSW	AGOX
2025	0.06%	3.23%
2024	0.07%	3.94%
2023	0.20%	0.27%
2022	0.09%	0.20%
2021	0.13%	6.36%
2020	0.26%	0.00%
2019	0.12%	0.00%
2018	0.31%	0.00%
2017	0.46%	0.00%
2016	0.87%	0.00%
2015	0.54%	0.00%
2014	0.53%	0.00%
2013	2.07%	0.00%
2012	3.64%	0.00%
2011	0.06%	0.00%