CNH vs. XLF

Last updated Apr 1, 2026

Compare and contrast key facts about CNH Industrial NV (CNH) and Financial Select Sector SPDR Fund (XLF).

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

CNH vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CNH Industrial NV (CNH) and Financial Select Sector SPDR Fund (XLF). The values are adjusted to include any dividend payments, if applicable.

CNH vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNH CNH Industrial NV	19.31%	-17.10%	-3.12%	-22.01%	-15.74%	52.59%	16.73%	21.64%	-30.31%	57.67%
XLF Financial Select Sector SPDR Fund	-9.40%	14.90%	30.56%	12.03%	-10.59%	34.80%	-1.74%	31.88%	-13.06%	22.00%

Returns By Period

In the year-to-date period, CNH achieves a 19.31% return, which is significantly higher than XLF's -9.40% return. Over the past 10 years, CNH has underperformed XLF with an annualized return of 7.22%, while XLF has yielded a comparatively higher 12.44% annualized return.

CNH

• 1D: 5.77%
• 1M: -10.57%
• YTD: 19.31%
• 6M: 1.38%
• 1Y: -8.75%
• 3Y*: -7.71%
• 5Y*: -4.73%
• 10Y*: 7.22%

XLF

• 1D: 2.09%
• 1M: -3.51%
• YTD: -9.40%
• 6M: -7.56%
• 1Y: 0.65%
• 3Y*: 17.25%
• 5Y*: 9.34%
• 10Y*: 12.44%

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

Return for Risk

CNH vs. XLF — Risk / Return Rank

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

CNH

CNH Risk / Return Rank: 31
CNH Sharpe Ratio Rank: 31
CNH Sortino Ratio Rank: 28
CNH Omega Ratio Rank: 28
CNH Calmar Ratio Rank: 35
CNH Martin Ratio Rank: 35

XLF

XLF Risk / Return Rank: 14
XLF Sharpe Ratio Rank: 13
XLF Sortino Ratio Rank: 13
XLF Omega Ratio Rank: 13
XLF Calmar Ratio Rank: 15
XLF Martin Ratio Rank: 15

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.

CNH vs. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CNH Industrial NV (CNH) 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.

	CNH	XLF	Difference
Sharpe ratio Return per unit of total volatility	-0.24	0.03	-0.28
Sortino ratio Return per unit of downside risk	-0.11	0.18	-0.29
Omega ratio Gain probability vs. loss probability	0.99	1.02	-0.04
Calmar ratio Return relative to maximum drawdown	-0.24	0.13	-0.37
Martin ratio Return relative to average drawdown	-0.43	0.38	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNH vs. XLF - Sharpe Ratio Comparison

The current CNH Sharpe Ratio is -0.24, which is lower than the XLF Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of CNH and XLF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNH	XLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.24	0.03	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.50	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.56	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.20	-0.18

Correlation

The correlation between CNH and XLF is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CNH vs. XLF - Dividend Comparison

CNH's dividend yield for the trailing twelve months is around 2.27%, more than XLF's 1.60% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CNH CNH Industrial NV	2.27%	2.71%	4.15%	3.25%	1.88%	0.68%	0.00%	1.85%	1.87%	1.64%	1.50%	2.92%
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

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.

Drawdown Indicators

	CNH	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-65.82%	-82.69%	+16.87%
Max Drawdown (1Y) Largest decline over 1 year	-33.19%	-14.79%	-18.40%
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 Drawdown Current decline from peak	-37.67%	-12.01%	-25.66%
Average Drawdown Average peak-to-trough decline	-28.43%	-20.10%	-8.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.64%	4.90%	+13.74%

Volatility

CNH vs. XLF - Volatility Comparison

CNH Industrial NV (CNH) has a higher volatility of 12.72% compared to Financial Select Sector SPDR Fund (XLF) at 4.75%. 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.

Volatility by Period

	CNH	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.72%	4.75%	+7.97%
Volatility (6M) Calculated over the trailing 6-month period	24.86%	11.45%	+13.41%
Volatility (1Y) Calculated over the trailing 1-year period	36.32%	19.29%	+17.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.16%	18.69%	+16.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.48%	22.19%	+14.29%