FITE vs. XAR
Compare and contrast key facts about SPDR S&P Kensho Future Security ETF (FITE) and SPDR S&P Aerospace & Defense ETF (XAR).
FITE and XAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FITE is a passively managed fund by State Street that tracks the performance of the S&P Kensho Future Security Index. It was launched on Dec 26, 2017. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. Both FITE and XAR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FITE or XAR.
Key characteristics
| FITE | XAR | |
|---|---|---|
| YTD Return | 19.84% | 20.70% |
| 1Y Return | 39.62% | 37.77% |
| 3Y Return (Ann) | 5.82% | 9.84% |
| 5Y Return (Ann) | 11.79% | 8.92% |
| Sharpe Ratio | 2.31 | 2.17 |
| Sortino Ratio | 3.08 | 2.94 |
| Omega Ratio | 1.40 | 1.37 |
| Calmar Ratio | 2.51 | 3.02 |
| Martin Ratio | 13.89 | 13.02 |
| Ulcer Index | 2.81% | 2.76% |
| Daily Std Dev | 16.91% | 16.56% |
| Max Drawdown | -36.90% | -46.37% |
| Current Drawdown | 0.00% | -0.66% |
Correlation
The correlation between FITE and XAR is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FITE vs. XAR - Performance Comparison
The year-to-date returns for both investments are quite close, with FITE having a 19.84% return and XAR slightly higher at 20.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FITE vs. XAR - Expense Ratio Comparison
FITE has a 0.45% expense ratio, which is higher than XAR's 0.35% expense ratio.
Risk-Adjusted Performance
FITE vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Future Security ETF (FITE) and SPDR S&P Aerospace & Defense ETF (XAR). 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
FITE vs. XAR - Dividend Comparison
FITE's dividend yield for the trailing twelve months is around 0.15%, less than XAR's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FITE SPDR S&P Kensho Future Security ETF | 0.15% | 0.13% | 0.12% | 0.92% | 0.88% | 0.44% | 1.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAR SPDR S&P Aerospace & Defense ETF | 0.54% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
Drawdowns
FITE vs. XAR - Drawdown Comparison
The maximum FITE drawdown since its inception was -36.90%, smaller than the maximum XAR drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for FITE and XAR. For additional features, visit the drawdowns tool.
Volatility
FITE vs. XAR - Volatility Comparison
The current volatility for SPDR S&P Kensho Future Security ETF (FITE) is 5.93%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 6.46%. This indicates that FITE experiences smaller price fluctuations and is considered to be less risky than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.