XAR vs. FITE
Compare and contrast key facts about SPDR S&P Aerospace & Defense ETF (XAR) and SPDR S&P Kensho Future Security ETF (FITE).
XAR and FITE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both XAR and FITE 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: XAR or FITE.
Key characteristics
| XAR | FITE | |
|---|---|---|
| YTD Return | 25.38% | 21.13% |
| 1Y Return | 38.74% | 39.25% |
| 3Y Return (Ann) | 11.95% | 6.71% |
| 5Y Return (Ann) | 9.43% | 11.91% |
| Sharpe Ratio | 2.41 | 2.35 |
| Sortino Ratio | 3.27 | 3.13 |
| Omega Ratio | 1.41 | 1.41 |
| Calmar Ratio | 4.46 | 2.84 |
| Martin Ratio | 14.75 | 14.19 |
| Ulcer Index | 2.76% | 2.81% |
| Daily Std Dev | 16.90% | 16.92% |
| Max Drawdown | -46.37% | -36.90% |
| Current Drawdown | -1.08% | -0.71% |
Correlation
The correlation between XAR and FITE 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
XAR vs. FITE - Performance Comparison
In the year-to-date period, XAR achieves a 25.38% return, which is significantly higher than FITE's 21.13% return. 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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XAR vs. FITE - Expense Ratio Comparison
XAR has a 0.35% expense ratio, which is lower than FITE's 0.45% expense ratio.
Risk-Adjusted Performance
XAR vs. FITE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) and SPDR S&P Kensho Future Security ETF (FITE). 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
XAR vs. FITE - Dividend Comparison
XAR's dividend yield for the trailing twelve months is around 0.52%, more than FITE's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 0.52% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
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% |
Drawdowns
XAR vs. FITE - Drawdown Comparison
The maximum XAR drawdown since its inception was -46.37%, which is greater than FITE's maximum drawdown of -36.90%. Use the drawdown chart below to compare losses from any high point for XAR and FITE. For additional features, visit the drawdowns tool.
Volatility
XAR vs. FITE - Volatility Comparison
SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 7.11% compared to SPDR S&P Kensho Future Security ETF (FITE) at 6.00%. This indicates that XAR's price experiences larger fluctuations and is considered to be riskier than FITE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.