BPAY vs. XLF
Compare and contrast key facts about BlackRock Future Financial and Technology ETF (BPAY) and Financial Select Sector SPDR Fund (XLF).
BPAY and XLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BPAY is an actively managed fund by BlackRock. It was launched on Aug 16, 2022. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998.
Performance
BPAY vs. XLF - Performance Comparison
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BPAY vs. XLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | -18.60% | 8.54% | 17.28% | 13.19% | -16.39% |
XLF Financial Select Sector SPDR Fund | -9.27% | 14.90% | 30.56% | 12.03% | -3.01% |
Returns By Period
In the year-to-date period, BPAY achieves a -18.60% return, which is significantly lower than XLF's -9.27% return.
BPAY
- 1D
- -0.02%
- 1M
- -7.36%
- YTD
- -18.60%
- 6M
- -26.54%
- 1Y
- -4.51%
- 3Y*
- 8.29%
- 5Y*
- —
- 10Y*
- —
XLF
- 1D
- 0.14%
- 1M
- -3.13%
- YTD
- -9.27%
- 6M
- -6.60%
- 1Y
- 0.91%
- 3Y*
- 17.30%
- 5Y*
- 9.37%
- 10Y*
- 12.45%
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BPAY vs. XLF - Expense Ratio Comparison
BPAY has a 0.70% expense ratio, which is higher than XLF's 0.13% expense ratio.
Return for Risk
BPAY vs. XLF — Risk / Return Rank
BPAY
XLF
BPAY vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) and Financial Select Sector SPDR Fund (XLF). 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.
| BPAY | XLF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.15 | 0.05 | -0.20 |
Sortino ratioReturn per unit of downside risk | -0.02 | 0.19 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.05 | -0.16 |
Martin ratioReturn relative to average drawdown | -0.26 | 0.16 | -0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BPAY | XLF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.05 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.50 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.20 | -0.22 |
Correlation
The correlation between BPAY and XLF is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BPAY vs. XLF - Dividend Comparison
BPAY's dividend yield for the trailing twelve months is around 7.97%, more than XLF's 1.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPAY BlackRock Future Financial and Technology ETF | 7.97% | 6.49% | 0.48% | 1.18% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLF Financial Select Sector SPDR Fund | 1.60% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Drawdowns
BPAY vs. XLF - Drawdown Comparison
The maximum BPAY drawdown since its inception was -33.62%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for BPAY and XLF.
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Drawdown Indicators
| BPAY | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -82.69% | +49.07% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -14.79% | -18.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.86% | — |
Current DrawdownCurrent decline from peak | -31.23% | -11.89% | -19.34% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -20.10% | +10.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.77% | 4.96% | +8.81% |
Volatility
BPAY vs. XLF - Volatility Comparison
BlackRock Future Financial and Technology ETF (BPAY) has a higher volatility of 7.85% compared to Financial Select Sector SPDR Fund (XLF) at 4.76%. This indicates that BPAY's price experiences larger fluctuations and is considered to be riskier than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPAY | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.85% | 4.76% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.02% | 11.45% | +7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.27% | 19.25% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.19% | 18.69% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.19% | 22.18% | +2.01% |