- ISIN
- US78464A6313
- CUSIP
- 78464A631
- Issuer
- State Street
- Inception Date
- Sep 28, 2011
- Region
- North America (U.S.)
- Category
- Aerospace & Defense, Industrials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Aerospace & Defense Select Industry Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $6B
Share Price Chart
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Performance
XAR Performance Chart
SPDR S&P Aerospace & Defense ETF (XAR) is up 16.1% since the beginning of the year. XAR is currently trading at $280 per share. Investors who bought $1,000 worth of XAR shares 5 years ago would now be looking at an investment worth $2,153.
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Returns By Period
SPDR S&P Aerospace & Defense ETF (XAR) has returned 16.10% so far this year and 41.63% over the past 12 months. Looking at the last ten years, XAR has achieved an annualized return of 18.45%, outperforming the S&P 500 Index benchmark, which averaged 13.61% per year.
SPDR S&P Aerospace & Defense ETF
- 1D
- -1.55%
- 1M
- 3.65%
- YTD
- 16.10%
- 6M
- 18.39%
- 1Y
- 41.63%
- 3Y*
- 33.32%
- 5Y*
- 16.58%
- 10Y*
- 18.45%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
XAR Monthly Returns History
Based on dividend-adjusted daily data since Sep 29, 2011, XAR's average daily return is +0.08%, while the average monthly return is +1.61%. At this rate, an investment would double in approximately 3.6 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +25.4%, while the worst month was Mar 2020 at -23.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XAR closed higher 52% of trading days. The best single day was Mar 26, 2020 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.15% | 3.66% | -10.20% | 2.03% | 11.14% | -2.79% | 16.10% | ||||||
| 2025 | 5.81% | -5.24% | -3.24% | 6.39% | 11.89% | 10.35% | 2.65% | 0.42% | 8.30% | 5.78% | -7.35% | 4.81% | 46.15% |
| 2024 | -4.55% | 5.96% | 2.70% | -3.19% | 5.54% | -2.39% | 7.69% | 3.16% | 1.31% | -2.25% | 14.77% | -5.74% | 23.32% |
| 2023 | 7.38% | 0.54% | -1.49% | -2.04% | -3.27% | 9.83% | 2.93% | -2.40% | -8.08% | 2.69% | 11.06% | 6.21% | 23.79% |
| 2022 | -5.42% | 11.62% | 1.50% | -9.76% | -3.82% | -6.91% | 8.44% | -4.30% | -12.01% | 15.78% | 3.93% | -0.15% | -5.02% |
| 2021 | -2.59% | 6.62% | 5.93% | 1.98% | 1.16% | 2.20% | -3.76% | -3.71% | -2.64% | 0.07% | -6.38% | 4.34% | 2.31% |
Benchmark Metrics
SPDR S&P Aerospace & Defense ETF has an annualized alpha of 5.97%, beta of 1.00, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since September 29, 2011.
- This ETF captured 112.05% of S&P 500 Index gains but only 86.96% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 5.97% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.00 and R2 of 0.57, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 5.97%
- Beta
- 1.00
- R²
- 0.57
- Upside Capture
- 112.05%
- Downside Capture
- 86.96%
Expense Ratio
XAR has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XAR ranks 48 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XAR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.53 | -0.10 |
| Martin ratioReturn relative to average drawdown | 6.81 | 11.37 | -4.56 |
Dividends
Dividend History
SPDR S&P Aerospace & Defense ETF provided a 0.31% dividend yield over the last twelve months, with an annual payout of $0.88 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.96 | $1.10 | $0.74 | $0.55 | $0.97 | $0.72 | $0.81 | $0.94 | $0.63 | $0.69 | $1.22 |
Dividend yield | 0.31% | 0.40% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.09% | 2.31% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Aerospace & Defense ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.12 | $0.96 |
| 2024 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.57 | $1.10 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.35 | $0.74 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.10 | $0.55 |
| 2021 | $0.00 | $0.00 | $0.65 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.97 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P Aerospace & Defense ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P Aerospace & Defense ETF was 46.37%, occurring on Mar 23, 2020. Recovery took 206 trading sessions.
The current SPDR S&P Aerospace & Defense ETF drawdown is 4.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -46.37%Mar 2020 | 1mo 9d | 9mo 27d | 11mo 6dFeb 2020 - Jan 2021 |
Bear market2022 | -32.40%Sep 2022 | 1y 3mo | 1y 2mo | 2y 5moJun 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -25.92%Dec 2018 | 3mo 6d | 5mo 13d | 8mo 19dSep 2018 - Jun 2019 |
2016 bear market2016 | -22.13%Feb 2016 | 10mo 4d | 5mo 26d | 1y 3moApr 2015 - Aug 2016 |
2025 selloff2025 | -19.73%Apr 2025 | 2mo 10d | 1mo 9d | 3mo 19dJan 2025 - May 2025 |
Drawdown Indicators
| XAR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -56.78% | +10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.22% | -9.10% | -8.12% |
Max Drawdown (3Y)Largest decline over 3 years | -19.73% | -18.90% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -32.40% | -25.43% | -6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -33.92% | -12.45% |
Current DrawdownCurrent decline from peak | -4.32% | -2.34% | -1.98% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -10.72% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.13% | 2.02% | +4.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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