CNH vs. XLF
CNH (CNH Industrial NV) is a stock, while XLF (State Street Financial Select Sector SPDR ETF) is Financials Equities fund tracking the Financial Select Sector Index. Over the past 10 years, CNH returned 6.05%/yr vs 13.69%/yr for XLF. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
CNH vs. XLF - Performance Comparison
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Returns By Period
In the year-to-date period, CNH achieves a 12.24% return, which is significantly higher than XLF's 4.86% return. Over the past 10 years, CNH has underperformed XLF with an annualized return of 6.05%, while XLF has yielded a comparatively higher 13.69% annualized return.
CNH
- 1D
- -0.68%
- 1M
- -4.38%
- 6M
- -3.82%
- YTD
- 12.24%
- 1Y
- -17.01%
- 3Y*
- -8.98%
- 5Y*
- -7.33%
- 10Y*
- 6.05%
- ALL TIME*
- 0.15%
XLF
- 1D
- -0.11%
- 1M
- 2.37%
- 6M
- 7.47%
- YTD
- 4.86%
- 1Y
- 12.50%
- 3Y*
- 19.11%
- 5Y*
- 11.20%
- 10Y*
- 13.69%
- ALL TIME*
- 6.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $147.96M | $116.25M | $126.93M | |
| $1.84B | $1.93B | $1.92B |
CNH vs. XLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNH CNH Industrial NV | 12.24% | -17.10% | -3.12% | -22.01% | -15.74% | 52.59% | 16.73% | 21.64% | -30.31% | 57.67% |
XLF State Street Financial Select Sector SPDR ETF | 4.86% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -13.06% | 22.00% |
Correlation
The correlation between CNH and XLF is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.52 |
Over the past year, the correlation between CNH and XLF has dropped to 0.28 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
CNH vs. XLF — Risk / Return Rank
CNH
XLF
CNH vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CNH Industrial NV (CNH) and State Street Financial Select Sector SPDR ETF (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.
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.
| CNH | XLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.13 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.71 | -1.43 |
| Martin ratioReturn relative to average drawdown | -1.13 | 1.80 | -2.94 |
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Drawdowns
CNH vs. XLF - Drawdown Comparison
The maximum CNH drawdown since its inception was -65.82%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for CNH and XLF.
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Drawdown Indicators
| CNH | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.82% | -82.69% | +16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -28.14% | -14.79% | -13.35% |
Max Drawdown (3Y)Largest decline over 3 years | -33.19% | -15.54% | -17.65% |
Max Drawdown (5Y)Largest decline over 5 years | -47.76% | -25.81% | -21.95% |
Max Drawdown (10Y)Largest decline over 10 years | -65.82% | -42.86% | -22.96% |
Current DrawdownCurrent decline from peak | -41.36% | -1.15% | -40.21% |
Average DrawdownAverage peak-to-trough decline | -28.70% | -19.92% | -8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.20% | 5.79% | +12.41% |
Volatility
CNH vs. XLF - Volatility Comparison
CNH Industrial NV (CNH) has a higher volatility of 12.04% compared to State Street Financial Select Sector SPDR ETF (XLF) at 4.07%. This indicates that CNH'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
| CNH | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.04% | 4.07% | +7.97% |
Volatility (6M)Calculated over the trailing 6-month period | 30.84% | 11.10% | +19.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.64% | 14.77% | +22.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.13% | 18.45% | +17.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.51% | 22.08% | +14.43% |
Dividends
CNH vs. XLF - Dividend Comparison
CNH's dividend yield for the trailing twelve months is around 0.98%, less than XLF's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNH CNH Industrial NV | 0.98% | 2.71% | 4.15% | 3.25% | 1.88% | 0.68% | 0.00% | 1.85% | 1.87% | 1.64% | 1.50% | 2.92% |
XLF State Street Financial Select Sector SPDR ETF | 1.42% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Frequently Asked Questions
CNH and XLF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNH has higher volatility (12.04%) compared to XLF (4.07%). In terms of maximum drawdown, CNH dropped -65.82% vs XLF's -82.69%.
XLF currently has the higher Sharpe Ratio (0.71 vs -0.54), 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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