DUK vs. XLF

Last updated Jun 13, 2026

DUK (Duke Energy Corporation) 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, DUK returned 8.62%/yr vs 13.33%/yr for XLF. At a 0.30 correlation, their price movements are largely independent.

Performance

DUK vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Duke Energy Corporation (DUK) and State Street Financial Select Sector SPDR ETF (XLF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUK achieves a 8.77% return, which is significantly higher than XLF's -2.11% return. Over the past 10 years, DUK has underperformed XLF with an annualized return of 8.62%, while XLF has yielded a comparatively higher 13.33% annualized return.

DUK

• 1D: 0.91%
• 1M: 1.69%
• YTD: 8.77%
• 6M: 10.57%
• 1Y: 10.99%
• 3Y*: 15.72%
• 5Y*: 8.32%
• 10Y*: 8.62%

XLF

• 1D: 1.37%
• 1M: 4.00%
• YTD: -2.11%
• 6M: -2.09%
• 1Y: 8.41%
• 3Y*: 18.86%
• 5Y*: 9.15%
• 10Y*: 13.33%

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

DUK vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DUK Duke Energy Corporation	8.77%	12.72%	15.56%	-1.63%	2.03%	19.11%	4.77%	10.29%	7.41%	12.96%
XLF State Street Financial Select Sector SPDR ETF	-2.11%	14.90%	30.56%	12.03%	-10.59%	34.80%	-1.74%	31.88%	-13.06%	22.00%

Correlation

The correlation between DUK and XLF is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998	0.30

Over the past year, the correlation between DUK and XLF has dropped to 0.04 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Return for Risk

DUK vs. XLF — Risk / Return Rank

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

DUK

DUK Risk / Return Rank: 62
DUK Sharpe Ratio Rank: 66
DUK Sortino Ratio Rank: 59
DUK Omega Ratio Rank: 55
DUK Calmar Ratio Rank: 63
DUK Martin Ratio Rank: 65

XLF

XLF Risk / Return Rank: 15
XLF Sharpe Ratio Rank: 17
XLF Sortino Ratio Rank: 15
XLF Omega Ratio Rank: 15
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.

DUK vs. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Duke Energy Corporation (DUK) 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.

	DUK	XLF	Difference
Sharpe ratio: Return per unit of total volatility	0.72	0.42	+0.30
Sortino ratio: Return per unit of downside risk	1.10	0.67	+0.43
Omega ratio: Gain probability vs. loss probability	1.12	1.08	+0.04
Calmar ratio: Return relative to maximum drawdown	0.98	0.42	+0.56
Martin ratio: Return relative to average drawdown	2.32	1.08	+1.24

DUK vs. XLF - Sharpe Ratio Comparison

The current DUK Sharpe Ratio is 0.72, which is higher than the XLF Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of DUK and XLF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DUK vs. XLF - Drawdown Comparison

The maximum DUK drawdown since its inception was -71.92%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for DUK and XLF.

Drawdown Indicators

	DUK	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-71.92%	-82.69%	+10.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-14.79%	+3.91%
Max Drawdown (3Y) Largest decline over 3 years	-11.59%	-15.54%	+3.95%
Max Drawdown (5Y) Largest decline over 5 years	-24.16%	-25.81%	+1.65%
Max Drawdown (10Y) Largest decline over 10 years	-37.37%	-42.86%	+5.49%
Current Drawdown Current decline from peak	-5.28%	-4.94%	-0.34%
Average Drawdown Average peak-to-trough decline	-10.85%	-20.01%	+9.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.57%	5.76%	-1.19%

Volatility

DUK vs. XLF - Volatility Comparison

Duke Energy Corporation (DUK) has a higher volatility of 5.62% compared to State Street Financial Select Sector SPDR ETF (XLF) at 4.23%. This indicates that DUK'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

	DUK	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	4.23%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	11.26%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	14.69%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.84%	18.66%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.40%	22.17%	-1.77%

Dividends

DUK vs. XLF - Dividend Comparison

DUK's dividend yield for the trailing twelve months is around 3.69%, more than XLF's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DUK Duke Energy Corporation	3.69%	3.60%	3.84%	4.18%	3.86%	3.72%	4.17%	4.11%	4.21%	4.15%	4.33%	4.54%
XLF State Street Financial Select Sector SPDR ETF	1.49%	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

Can I hold both DUK and XLF in my portfolio?

DUK and XLF have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUK or XLF?

DUK has higher volatility (5.62%) compared to XLF (4.23%). In terms of maximum drawdown, DUK dropped -71.92% vs XLF's -82.69%.

Which has better risk-adjusted returns?

DUK currently has the higher Sharpe Ratio (0.72 vs 0.42), 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.