CMI vs. XLRE
CMI (Cummins Inc.) is a stock, while XLRE (Real Estate Select Sector SPDR Fund) is REIT fund tracking the Real Estate Select Sector Index. Over the past 10 years, CMI returned 21.10%/yr vs 6.35%/yr for XLRE. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
CMI vs. XLRE - Performance Comparison
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Returns By Period
In the year-to-date period, CMI achieves a 25.05% return, which is significantly higher than XLRE's 13.43% return. Over the past 10 years, CMI has outperformed XLRE with an annualized return of 21.10%, while XLRE has yielded a comparatively lower 6.35% annualized return.
CMI
- 1D
- 0.19%
- 1M
- -4.16%
- 6M
- 10.28%
- YTD
- 25.05%
- 1Y
- 81.08%
- 3Y*
- 36.66%
- 5Y*
- 25.16%
- 10Y*
- 21.10%
- ALL TIME*
- 13.13%
XLRE
- 1D
- -0.51%
- 1M
- 0.87%
- 6M
- 10.48%
- YTD
- 13.43%
- 1Y
- 12.92%
- 3Y*
- 9.41%
- 5Y*
- 2.81%
- 10Y*
- 6.35%
- ALL TIME*
- 7.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CMI Cummins Inc. | $594.50M | $582.86M | $699.47M |
| $222.98M | $209.86M | $225.46M |
CMI vs. XLRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 25.05% | 49.36% | 48.92% | 1.72% | 14.09% | -1.68% | 30.50% | 38.04% | -22.06% | 32.74% |
XLRE Real Estate Select Sector SPDR Fund | 13.43% | 2.63% | 5.09% | 12.36% | -26.25% | 46.10% | -2.18% | 28.68% | -2.39% | 10.69% |
Correlation
The correlation between CMI and XLRE is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2015 | 0.31 |
The correlation between CMI and XLRE shifts across timeframes, from 0.13 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CMI vs. XLRE — Risk / Return Rank
CMI
XLRE
CMI vs. XLRE - Risk-Adjusted Trends 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.
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.
| CMI | XLRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.16 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 1.52 | +3.01 |
| Martin ratioReturn relative to average drawdown | 14.48 | 4.43 | +10.04 |
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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.
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Drawdown Indicators
| CMI | XLRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.66% | -38.83% | -36.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.71% | -8.33% | -8.38% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -16.57% | -13.91% |
Max Drawdown (5Y)Largest decline over 5 years | -30.48% | -34.12% | +3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -44.05% | -38.83% | -5.22% |
Current DrawdownCurrent decline from peak | -12.84% | -2.04% | -10.80% |
Average DrawdownAverage peak-to-trough decline | -22.17% | -9.48% | -12.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 2.85% | +2.37% |
Volatility
CMI vs. XLRE - Volatility Comparison
Cummins Inc. (CMI) has a higher volatility of 10.87% compared to Real Estate Select Sector SPDR Fund (XLRE) at 4.51%. 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.
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Volatility by Period
| CMI | XLRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.87% | 4.51% | +6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 31.16% | 11.11% | +20.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.45% | 14.22% | +22.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.85% | 19.18% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.51% | 20.46% | +8.05% |
Dividends
CMI vs. XLRE - Dividend Comparison
CMI's dividend yield for the trailing twelve months is around 1.26%, less than XLRE's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMI Cummins Inc. | 1.26% | 1.50% | 2.01% | 2.71% | 2.49% | 2.57% | 2.33% | 2.74% | 3.32% | 2.38% | 2.93% | 3.99% |
XLRE Real Estate Select Sector SPDR Fund | 3.12% | 3.45% | 3.43% | 3.31% | 3.70% | 2.61% | 3.15% | 3.06% | 3.78% | 3.25% | 4.22% | 1.09% |
Frequently Asked Questions
CMI and XLRE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMI has higher volatility (10.87%) compared to XLRE (4.51%). In terms of maximum drawdown, CMI dropped -75.66% vs XLRE's -38.83%.
CMI currently has the higher Sharpe Ratio (2.08 vs 0.90), 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.
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