GO vs. XLP
Compare and contrast key facts about Grocery Outlet Holding Corp. (GO) and Consumer Staples Select Sector SPDR Fund (XLP).
XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples 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: GO or XLP.
Key characteristics
| GO | XLP | |
|---|---|---|
| YTD Return | -4.64% | 6.12% |
| 1Y Return | -12.31% | 2.13% |
| 3Y Return (Ann) | -14.16% | 5.57% |
| Sharpe Ratio | -0.49 | 0.18 |
| Daily Std Dev | 27.81% | 10.49% |
| Max Drawdown | -54.46% | -35.89% |
| Current Drawdown | -44.88% | -0.63% |
Correlation
The correlation between GO and XLP is 0.27, 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
GO vs. XLP - Performance Comparison
In the year-to-date period, GO achieves a -4.64% return, which is significantly lower than XLP's 6.12% 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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Risk-Adjusted Performance
GO vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Grocery Outlet Holding Corp. (GO) and Consumer Staples Select Sector SPDR Fund (XLP). 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
GO vs. XLP - Dividend Comparison
GO has not paid dividends to shareholders, while XLP's dividend yield for the trailing twelve months is around 2.77%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GO Grocery Outlet Holding Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLP Consumer Staples Select Sector SPDR Fund | 2.77% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.52% | 2.40% | 2.39% |
Drawdowns
GO vs. XLP - Drawdown Comparison
The maximum GO drawdown since its inception was -54.46%, which is greater than XLP's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for GO and XLP. For additional features, visit the drawdowns tool.
Volatility
GO vs. XLP - Volatility Comparison
Grocery Outlet Holding Corp. (GO) has a higher volatility of 7.09% compared to Consumer Staples Select Sector SPDR Fund (XLP) at 2.48%. This indicates that GO's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.