FDIQ vs. XLF

Last updated Jun 3, 2026

FDIQ (Invesco Bloomberg Financial Data Providers ETF) and XLF (State Street Financial Select Sector SPDR ETF) are both Financials Equities funds - FDIQ tracks the Bloomberg Financial Data Providers Index while XLF tracks the Financial Select Sector Index. Both are passively managed. Over the past 10 years, FDIQ returned 7.70%/yr vs 12.51%/yr for XLF. A 0.77 correlation means they provide meaningful diversification when combined. FDIQ charges 0.35%/yr vs 0.08%/yr for XLF.

Performance

FDIQ vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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, FDIQ achieves a 10.79% return, which is significantly higher than XLF's -5.56% return. Over the past 10 years, FDIQ has underperformed XLF with an annualized return of 7.70%, while XLF has yielded a comparatively higher 12.51% annualized return.

FDIQ

• 1D: -2.91%
• 1M: -4.51%
• YTD: 10.79%
• 6M: 13.45%
• 1Y: 26.06%
• 3Y*: 18.66%
• 5Y*: 3.99%
• 10Y*: 7.70%

XLF

• 1D: 0.06%
• 1M: -0.89%
• YTD: -5.56%
• 6M: -1.77%
• 1Y: 2.50%
• 3Y*: 18.09%
• 5Y*: 7.91%
• 10Y*: 12.51%

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

FDIQ vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIQ Invesco Bloomberg Financial Data Providers ETF	10.79%	6.32%	12.76%	-0.84%	-7.23%	36.05%	-8.95%	23.57%	-18.31%	1.81%
XLF State Street Financial Select Sector SPDR ETF	-5.56%	14.90%	30.56%	12.03%	-10.59%	34.80%	-1.74%	31.88%	-13.06%	22.00%

Correlation

The correlation between FDIQ and XLF is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011	0.77

The correlation between FDIQ and XLF shifts across timeframes, from 0.66 (1 year) to 0.79 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FDIQ vs. XLF — Risk / Return Rank

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

FDIQ

FDIQ Risk / Return Rank: 35
FDIQ Sharpe Ratio Rank: 32
FDIQ Sortino Ratio Rank: 33
FDIQ Omega Ratio Rank: 33
FDIQ Calmar Ratio Rank: 43
FDIQ Martin Ratio Rank: 35

XLF

XLF Risk / Return Rank: 11
XLF Sharpe Ratio Rank: 11
XLF Sortino Ratio Rank: 11
XLF Omega Ratio Rank: 11
XLF Calmar Ratio Rank: 10
XLF Martin Ratio Rank: 11

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.

FDIQ vs. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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.

	FDIQ	XLF	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.17	+1.01
Sortino ratio Return per unit of downside risk	1.77	0.33	+1.44
Omega ratio Gain probability vs. loss probability	1.23	1.04	+0.19
Calmar ratio Return relative to maximum drawdown	2.20	0.17	+2.03
Martin ratio Return relative to average drawdown	5.64	0.45	+5.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIQ vs. XLF - Sharpe Ratio Comparison

The current FDIQ Sharpe Ratio is 1.18, which is higher than the XLF Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of FDIQ 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.

Sharpe Ratios by Period

	FDIQ	XLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.17	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.43	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.57	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.20	+0.17

Drawdowns

FDIQ vs. XLF - Drawdown Comparison

The maximum FDIQ drawdown since its inception was -52.86%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for FDIQ and XLF.

Drawdown Indicators

	FDIQ	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-52.86%	-82.69%	+29.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-14.79%	+3.66%
Max Drawdown (3Y) Largest decline over 3 years	-28.09%	-15.54%	-12.55%
Max Drawdown (5Y) Largest decline over 5 years	-42.99%	-25.81%	-17.18%
Max Drawdown (10Y) Largest decline over 10 years	-52.86%	-42.86%	-10.00%
Current Drawdown Current decline from peak	-7.63%	-8.29%	+0.66%
Average Drawdown Average peak-to-trough decline	-11.56%	-20.03%	+8.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	5.63%	-1.28%

Volatility

FDIQ vs. XLF - Volatility Comparison

Invesco Bloomberg Financial Data Providers ETF (FDIQ) has a higher volatility of 4.00% compared to State Street Financial Select Sector SPDR ETF (XLF) at 3.15%. This indicates that FDIQ'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

	FDIQ	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	3.15%	+0.85%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	10.91%	+3.02%
Volatility (1Y) Calculated over the trailing 1-year period	22.16%	14.36%	+7.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.69%	18.62%	+10.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.12%	22.16%	+8.96%

FDIQ vs. XLF - Expense Ratio Comparison

FDIQ has a 0.35% expense ratio, which is higher than XLF's 0.08% expense ratio.

Dividends

FDIQ vs. XLF - Dividend Comparison

FDIQ's dividend yield for the trailing twelve months is around 2.53%, more than XLF's 1.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIQ Invesco Bloomberg Financial Data Providers ETF	2.53%	2.66%	2.69%	2.89%	2.51%	2.04%	2.92%	2.44%	2.45%	1.59%	1.50%	1.92%
XLF State Street Financial Select Sector SPDR ETF	1.54%	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 FDIQ and XLF in my portfolio?

FDIQ and XLF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIQ or XLF?

FDIQ has higher volatility (4.00%) compared to XLF (3.15%). In terms of maximum drawdown, FDIQ dropped -52.86% vs XLF's -82.69%.

Which ETF is better, FDIQ or XLF?

On 10-year performance, XLF leads with 12.51% vs 7.70% for FDIQ. On fees, XLF is cheaper at 0.08% per year. On volatility, XLF has been the lower-risk option at 3.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIQ or XLF?

Over the 10-year period, XLF has performed better with a 12.51% return vs 7.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIQ or XLF?

XLF is cheaper with a 0.08% expense ratio, compared with 0.35% for FDIQ.

Which ETF pays a higher dividend yield, FDIQ or XLF?

FDIQ has the higher dividend yield at 2.53%, compared with 1.54% for XLF.

What is the main difference between FDIQ and XLF?

FDIQ tracks Bloomberg Financial Data Providers Index, while XLF tracks Financial Select Sector Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.35% for FDIQ and 0.08% for XLF.

Which has better risk-adjusted returns?

FDIQ currently has the higher Sharpe Ratio (1.18 vs 0.17), 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.