CMI vs. XLRE
Compare and contrast key facts about Cummins Inc. (CMI) and Real Estate Select Sector SPDR Fund (XLRE).
XLRE is a passively managed fund by State Street that tracks the performance of the Real Estate Select Sector Index. It was launched on Oct 7, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CMI or XLRE.
Key characteristics
| CMI | XLRE | |
|---|---|---|
| YTD Return | 54.62% | 9.75% |
| 1Y Return | 66.81% | 23.36% |
| 3Y Return (Ann) | 18.67% | -0.65% |
| 5Y Return (Ann) | 17.54% | 5.69% |
| Sharpe Ratio | 2.77 | 1.46 |
| Sortino Ratio | 3.83 | 2.05 |
| Omega Ratio | 1.48 | 1.26 |
| Calmar Ratio | 4.47 | 0.90 |
| Martin Ratio | 15.88 | 5.66 |
| Ulcer Index | 4.24% | 4.17% |
| Daily Std Dev | 24.28% | 16.22% |
| Max Drawdown | -75.66% | -38.83% |
| Current Drawdown | -0.71% | -9.04% |
Correlation
The correlation between CMI and XLRE is 0.32, 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
CMI vs. XLRE - Performance Comparison
In the year-to-date period, CMI achieves a 54.62% return, which is significantly higher than XLRE's 9.75% 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
CMI vs. XLRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins Inc. (CMI) and Real Estate Select Sector SPDR Fund (XLRE). 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
CMI vs. XLRE - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.89%, less than XLRE's 3.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.89% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% | 1.95% | 1.60% |
XLRE Real Estate Select Sector SPDR Fund | 3.22% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% | 0.00% | 0.00% |
Drawdowns
CMI vs. XLRE - Drawdown Comparison
The maximum CMI drawdown since its inception was -75.66%, which is greater than XLRE's maximum drawdown of -38.83%. Use the drawdown chart below to compare losses from any high point for CMI and XLRE. For additional features, visit the drawdowns tool.
Volatility
CMI vs. XLRE - Volatility Comparison
Cummins Inc. (CMI) has a higher volatility of 9.69% compared to Real Estate Select Sector SPDR Fund (XLRE) at 5.62%. This indicates that CMI's price experiences larger fluctuations and is considered to be riskier than XLRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.