ASC vs. XLE
Compare and contrast key facts about Ardmore Shipping Corporation (ASC) and Energy Select Sector SPDR Fund (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy 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: ASC or XLE.
Key characteristics
| ASC | XLE | |
|---|---|---|
| YTD Return | 19.51% | 16.19% |
| 1Y Return | 23.58% | 19.68% |
| 3Y Return (Ann) | 66.72% | 31.63% |
| 5Y Return (Ann) | 20.87% | 13.26% |
| 10Y Return (Ann) | 4.64% | 4.28% |
| Sharpe Ratio | 0.47 | 0.95 |
| Daily Std Dev | 33.88% | 19.07% |
| Max Drawdown | -80.11% | -71.54% |
| Current Drawdown | -4.14% | -1.48% |
Correlation
The correlation between ASC and XLE is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ASC vs. XLE - Performance Comparison
In the year-to-date period, ASC achieves a 19.51% return, which is significantly higher than XLE's 16.19% return. Over the past 10 years, ASC has outperformed XLE with an annualized return of 4.64%, while XLE has yielded a comparatively lower 4.28% 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
ASC vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Ardmore Shipping Corporation (ASC) and Energy Select Sector SPDR Fund (XLE). 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.
Dividends
ASC vs. XLE - Dividend Comparison
ASC's dividend yield for the trailing twelve months is around 5.48%, more than XLE's 3.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASC Ardmore Shipping Corporation | 5.48% | 8.16% | 0.00% | 0.00% | 1.53% | 0.00% | 0.00% | 0.00% | 5.41% | 4.80% | 3.34% | 0.42% |
XLE Energy Select Sector SPDR Fund | 3.02% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% | 1.73% |
Drawdowns
ASC vs. XLE - Drawdown Comparison
The maximum ASC drawdown since its inception was -80.11%, which is greater than XLE's maximum drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for ASC and XLE. For additional features, visit the drawdowns tool.
Volatility
ASC vs. XLE - Volatility Comparison
Ardmore Shipping Corporation (ASC) has a higher volatility of 8.71% compared to Energy Select Sector SPDR Fund (XLE) at 3.64%. This indicates that ASC's price experiences larger fluctuations and is considered to be riskier than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.