HMC vs. XLI
HMC (Honda Motor Co., Ltd.) is a stock, while XLI (Industrial Select Sector SPDR Fund) is Industrials Equities fund tracking the Industrial Select Sector Index. Over the past 10 years, HMC returned 3.35%/yr vs 14.79%/yr for XLI. At a 0.47 correlation, their price movements are largely independent.
Performance
HMC vs. XLI - Performance Comparison
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Returns By Period
In the year-to-date period, HMC achieves a -11.84% return, which is significantly lower than XLI's 17.82% return. Over the past 10 years, HMC has underperformed XLI with an annualized return of 3.35%, while XLI has yielded a comparatively higher 14.79% annualized return.
HMC
- 1D
- -1.03%
- 1M
- -1.81%
- YTD
- -11.84%
- 6M
- -14.05%
- 1Y
- -8.94%
- 3Y*
- -1.98%
- 5Y*
- -0.78%
- 10Y*
- 3.35%
XLI
- 1D
- 0.74%
- 1M
- 6.10%
- YTD
- 17.82%
- 6M
- 16.37%
- 1Y
- 29.73%
- 3Y*
- 22.49%
- 5Y*
- 14.10%
- 10Y*
- 14.79%
HMC vs. XLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMC Honda Motor Co., Ltd. | -11.84% | 8.04% | -5.14% | 39.86% | -16.69% | 3.61% | 2.88% | 10.34% | -20.81% | 20.02% |
XLI Industrial Select Sector SPDR Fund | 17.82% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
Correlation
The correlation between HMC and XLI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.47 |
The correlation between HMC and XLI has been stable across timeframes, ranging from 0.41 to 0.50 - a consistent structural relationship.
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Return for Risk
HMC vs. XLI — Risk / Return Rank
HMC
XLI
HMC vs. XLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honda Motor Co., Ltd. (HMC) and Industrial Select Sector SPDR Fund (XLI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HMC | XLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.32 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.45 | -2.73 |
| Martin ratioReturn relative to average drawdown | -0.56 | 9.64 | -10.20 |
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Drawdowns
HMC vs. XLI - Drawdown Comparison
The maximum HMC drawdown since its inception was -90.46%, which is greater than XLI's maximum drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for HMC and XLI.
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Drawdown Indicators
| HMC | XLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.46% | -62.26% | -28.20% |
Max Drawdown (1Y)Largest decline over 1 year | -31.18% | -12.21% | -18.97% |
Max Drawdown (3Y)Largest decline over 3 years | -35.41% | -18.49% | -16.92% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -21.64% | -13.77% |
Max Drawdown (10Y)Largest decline over 10 years | -43.12% | -42.33% | -0.79% |
Current DrawdownCurrent decline from peak | -25.89% | 0.00% | -25.89% |
Average DrawdownAverage peak-to-trough decline | -36.09% | -9.19% | -26.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.99% | 3.09% | +12.90% |
Volatility
HMC vs. XLI - Volatility Comparison
Honda Motor Co., Ltd. (HMC) has a higher volatility of 10.08% compared to Industrial Select Sector SPDR Fund (XLI) at 5.80%. This indicates that HMC's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMC | XLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.08% | 5.80% | +4.28% |
Volatility (6M)Calculated over the trailing 6-month period | 21.53% | 13.50% | +8.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.52% | 16.22% | +14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.99% | 17.53% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.48% | 20.05% | +5.43% |
Dividends
HMC vs. XLI - Dividend Comparison
HMC's dividend yield for the trailing twelve months is around 2.62%, more than XLI's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMC Honda Motor Co., Ltd. | 2.62% | 4.67% | 3.19% | 3.29% | 4.00% | 3.08% | 2.72% | 2.90% | 2.27% | 2.45% | 2.87% | 2.86% |
XLI Industrial Select Sector SPDR Fund | 1.37% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
HMC and XLI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HMC has higher volatility (10.08%) compared to XLI (5.80%). In terms of maximum drawdown, HMC dropped -90.46% vs XLI's -62.26%.
XLI currently has the higher Sharpe Ratio (1.84 vs -0.29), 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.
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