CWT vs. XLI
Compare and contrast key facts about California Water Service Group (CWT) and Industrial Select Sector SPDR Fund (XLI).
XLI is a passively managed fund by State Street that tracks the performance of the Industrial Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CWT or XLI.
Key characteristics
| CWT | XLI | |
|---|---|---|
| YTD Return | 1.64% | 26.85% |
| 1Y Return | 7.57% | 41.77% |
| 3Y Return (Ann) | -4.51% | 12.09% |
| 5Y Return (Ann) | 2.30% | 13.86% |
| 10Y Return (Ann) | 9.79% | 11.87% |
| Sharpe Ratio | 0.33 | 3.28 |
| Sortino Ratio | 0.64 | 4.60 |
| Omega Ratio | 1.07 | 1.58 |
| Calmar Ratio | 0.21 | 6.24 |
| Martin Ratio | 0.86 | 23.25 |
| Ulcer Index | 8.76% | 1.89% |
| Daily Std Dev | 23.16% | 13.34% |
| Max Drawdown | -36.49% | -62.26% |
| Current Drawdown | -23.93% | 0.00% |
Correlation
The correlation between CWT and XLI is 0.40, 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
CWT vs. XLI - Performance Comparison
In the year-to-date period, CWT achieves a 1.64% return, which is significantly lower than XLI's 26.85% return. Over the past 10 years, CWT has underperformed XLI with an annualized return of 9.79%, while XLI has yielded a comparatively higher 11.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
CWT vs. XLI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for California Water Service Group (CWT) and Industrial Select Sector SPDR Fund (XLI). 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
CWT vs. XLI - Dividend Comparison
CWT's dividend yield for the trailing twelve months is around 2.12%, more than XLI's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWT California Water Service Group | 2.12% | 2.01% | 1.65% | 1.28% | 1.57% | 1.53% | 1.57% | 1.59% | 2.04% | 2.88% | 2.64% | 2.77% |
XLI Industrial Select Sector SPDR Fund | 1.29% | 1.63% | 1.64% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% | 1.85% | 1.68% |
Drawdowns
CWT vs. XLI - Drawdown Comparison
The maximum CWT drawdown since its inception was -36.49%, smaller than the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for CWT and XLI. For additional features, visit the drawdowns tool.
Volatility
CWT vs. XLI - Volatility Comparison
California Water Service Group (CWT) has a higher volatility of 6.67% compared to Industrial Select Sector SPDR Fund (XLI) at 5.06%. This indicates that CWT's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.