GO vs. XRT

Last updated Jun 4, 2026

GO (Grocery Outlet Holding Corp.) is a stock, while XRT (SPDR S&P Retail ETF) is Consumer Discretionary Equities fund tracking the S&P Retail Select Industry. Over the past 5 years, GO returned -24.43%/yr vs -0.84%/yr for XRT. At a 0.29 correlation, their price movements are largely independent.

Performance

GO vs. XRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grocery Outlet Holding Corp. (GO) and SPDR S&P Retail ETF (XRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GO achieves a -18.12% return, which is significantly lower than XRT's -1.99% return.

GO

• 1D: -2.36%
• 1M: 3.89%
• YTD: -18.12%
• 6M: -26.88%
• 1Y: -41.05%
• 3Y*: -34.07%
• 5Y*: -24.43%
• 10Y*: —

XRT

• 1D: -0.39%
• 1M: -0.29%
• YTD: -1.99%
• 6M: -2.00%
• 1Y: 8.44%
• 3Y*: 13.38%
• 5Y*: -0.84%
• 10Y*: 8.56%

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

GO vs. XRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GO Grocery Outlet Holding Corp.	-18.12%	-35.30%	-42.10%	-7.64%	3.22%	-27.95%	20.96%	13.82%
XRT SPDR S&P Retail ETF	-1.99%	8.07%	11.78%	21.53%	-31.64%	42.60%	41.91%	9.60%

Correlation

The correlation between GO and XRT is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019	0.29

Return for Risk

GO vs. XRT — Risk / Return Rank

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

GO

GO Risk / Return Rank: 17
GO Sharpe Ratio Rank: 15
GO Sortino Ratio Rank: 15
GO Omega Ratio Rank: 15
GO Calmar Ratio Rank: 20
GO Martin Ratio Rank: 20

XRT

XRT Risk / Return Rank: 15
XRT Sharpe Ratio Rank: 15
XRT Sortino Ratio Rank: 15
XRT Omega Ratio Rank: 14
XRT Calmar Ratio Rank: 16
XRT Martin Ratio Rank: 16

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.

GO vs. XRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grocery Outlet Holding Corp. (GO) and SPDR S&P Retail ETF (XRT). 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.

	GO	XRT	Difference
Sharpe ratio Return per unit of total volatility	-0.61	0.42	-1.03
Sortino ratio Return per unit of downside risk	-0.75	0.76	-1.51
Omega ratio Gain probability vs. loss probability	0.90	1.08	-0.18
Calmar ratio Return relative to maximum drawdown	-0.60	0.63	-1.22
Martin ratio Return relative to average drawdown	-1.02	1.45	-2.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GO vs. XRT - Sharpe Ratio Comparison

The current GO Sharpe Ratio is -0.61, which is lower than the XRT Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of GO and XRT, 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

	GO	XRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	0.42	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	-0.03	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.35	-0.69

Drawdowns

GO vs. XRT - Drawdown Comparison

The maximum GO drawdown since its inception was -87.59%, which is greater than XRT's maximum drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for GO and XRT.

Drawdown Indicators

	GO	XRT	Difference
Max Drawdown Largest peak-to-trough decline	-87.59%	-65.81%	-21.78%
Max Drawdown (1Y) Largest decline over 1 year	-68.97%	-13.53%	-55.44%
Max Drawdown (3Y) Largest decline over 3 years	-83.30%	-25.62%	-57.68%
Max Drawdown (5Y) Largest decline over 5 years	-87.29%	-44.57%	-42.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.02%	—
Current Drawdown Current decline from peak	-82.27%	-13.82%	-68.45%
Average Drawdown Average peak-to-trough decline	-40.41%	-15.00%	-25.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.35%	5.85%	+34.50%

Volatility

GO vs. XRT - Volatility Comparison

Grocery Outlet Holding Corp. (GO) has a higher volatility of 13.57% compared to SPDR S&P Retail ETF (XRT) at 6.50%. This indicates that GO's price experiences larger fluctuations and is considered to be riskier than XRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GO	XRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.57%	6.50%	+7.07%
Volatility (6M) Calculated over the trailing 6-month period	46.84%	13.63%	+33.21%
Volatility (1Y) Calculated over the trailing 1-year period	67.13%	20.42%	+46.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.90%	26.90%	+22.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.18%	27.16%	+20.02%

Dividends

GO vs. XRT - Dividend Comparison

GO has not paid dividends to shareholders, while XRT's dividend yield for the trailing twelve months is around 0.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XRT SPDR S&P Retail ETF	0.83%	0.77%	1.52%	1.40%	2.15%	1.55%	1.01%	1.57%	1.51%	1.52%	1.36%	1.30%

Frequently Asked Questions

Can I hold both GO and XRT in my portfolio?

GO and XRT have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GO or XRT?

GO has higher volatility (13.57%) compared to XRT (6.50%). In terms of maximum drawdown, GO dropped -87.59% vs XRT's -65.81%.

Which has better risk-adjusted returns?

XRT currently has the higher Sharpe Ratio (0.42 vs -0.61), 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.