BAM vs. XLP

Last updated Jun 13, 2026

BAM (Brookfield Asset Management Ltd.) is a stock, while XLP (State Street Consumer Staples Select Sector SPDR ETF) is Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index. Over the past 3 years, BAM returned 16.64%/yr vs 8.26%/yr for XLP. At a 0.18 correlation, their price movements are largely independent.

Performance

BAM vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brookfield Asset Management Ltd. (BAM) and State Street Consumer Staples Select Sector SPDR ETF (XLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAM achieves a -8.16% return, which is significantly lower than XLP's 11.10% return.

BAM

• 1D: 1.09%
• 1M: -3.65%
• YTD: -8.16%
• 6M: -10.55%
• 1Y: -10.49%
• 3Y*: 16.64%
• 5Y*: —
• 10Y*: —

XLP

• 1D: 0.65%
• 1M: 0.99%
• YTD: 11.10%
• 6M: 9.54%
• 1Y: 8.93%
• 3Y*: 8.26%
• 5Y*: 6.65%
• 10Y*: 7.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAM vs. XLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BAM Brookfield Asset Management Ltd.	-8.16%	-0.24%	39.70%	45.61%	-10.80%
XLP State Street Consumer Staples Select Sector SPDR ETF	11.10%	1.52%	12.20%	-0.82%	-1.06%

Correlation

The correlation between BAM and XLP is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022	0.18

The correlation between BAM and XLP shifts across timeframes, from 0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BAM vs. XLP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAM

BAM Risk / Return Rank: 25
BAM Sharpe Ratio Rank: 24
BAM Sortino Ratio Rank: 23
BAM Omega Ratio Rank: 23
BAM Calmar Ratio Rank: 29
BAM Martin Ratio Rank: 29

XLP

XLP Risk / Return Rank: 19
XLP Sharpe Ratio Rank: 20
XLP Sortino Ratio Rank: 20
XLP Omega Ratio Rank: 18
XLP Calmar Ratio Rank: 20
XLP Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAM vs. XLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brookfield Asset Management Ltd. (BAM) and State Street Consumer Staples Select Sector SPDR ETF (XLP). 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.

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.

	BAM	XLP	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	0.59	-1.03
Sortino ratio: Return per unit of downside risk	-0.42	0.94	-1.36
Omega ratio: Gain probability vs. loss probability	0.95	1.11	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.43	0.79	-1.22
Martin ratio: Return relative to average drawdown	-0.77	1.52	-2.29

BAM vs. XLP - Sharpe Ratio Comparison

The current BAM Sharpe Ratio is -0.44, which is lower than the XLP Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of BAM and XLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAM vs. XLP - Drawdown Comparison

The maximum BAM drawdown since its inception was -30.37%, smaller than the maximum XLP drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for BAM and XLP.

Drawdown Indicators

	BAM	XLP	Difference
Max Drawdown Largest peak-to-trough decline	-30.37%	-35.90%	+5.53%
Max Drawdown (1Y) Largest decline over 1 year	-30.37%	-9.69%	-20.68%
Max Drawdown (3Y) Largest decline over 3 years	-30.37%	-12.39%	-17.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.51%	—
Current Drawdown Current decline from peak	-22.66%	-4.12%	-18.54%
Average Drawdown Average peak-to-trough decline	-8.86%	-7.06%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.80%	5.01%	+11.79%

Volatility

BAM vs. XLP - Volatility Comparison

Brookfield Asset Management Ltd. (BAM) has a higher volatility of 10.83% compared to State Street Consumer Staples Select Sector SPDR ETF (XLP) at 4.53%. This indicates that BAM's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAM	XLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.83%	4.53%	+6.30%
Volatility (6M) Calculated over the trailing 6-month period	22.75%	10.14%	+12.61%
Volatility (1Y) Calculated over the trailing 1-year period	29.82%	12.90%	+16.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.18%	13.34%	+16.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.18%	14.75%	+15.43%

Dividends

BAM vs. XLP - Dividend Comparison

BAM's dividend yield for the trailing twelve months is around 3.99%, more than XLP's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAM Brookfield Asset Management Ltd.	3.99%	3.34%	2.80%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.53%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

Can I hold both BAM and XLP in my portfolio?

BAM and XLP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAM or XLP?

BAM has higher volatility (10.83%) compared to XLP (4.53%). In terms of maximum drawdown, BAM dropped -30.37% vs XLP's -35.90%.

Which has better risk-adjusted returns?

XLP currently has the higher Sharpe Ratio (0.59 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.