HSBH vs. XLFI

Last updated Jul 17, 2026

HSBH (HSBC Holdings plc ADRhedged ETF) and XLFI (State Street Financial Select Sector SPDR Premium Income ETF) are both exchange-traded funds - HSBH is a Financials Equities fund tracking the HSBC Holdings plc Local Shares Total Return, while XLFI is a Derivative Income fund actively managed by State Street. HSBH is passively managed, while XLFI is actively managed. At a 0.47 correlation, their price movements are largely independent. HSBH charges 0.19%/yr vs 0.35%/yr for XLFI.

Performance

HSBH vs. XLFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HSBC Holdings plc ADRhedged ETF (HSBH) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HSBH achieves a 30.58% return, which is significantly higher than XLFI's 2.85% return.

HSBH

• 1D: 0.45%
• 1M: 5.88%
• 6M: 23.44%
• YTD: 30.58%
• 1Y: 64.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLFI

• 1D: 0.37%
• 1M: 3.86%
• 6M: 3.40%
• YTD: 2.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HSBH vs. XLFI - Yearly Performance Comparison

	2026 (YTD)	2025
HSBH HSBC Holdings plc ADRhedged ETF	30.58%	21.02%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	2.85%	5.40%

Correlation

The correlation between HSBH and XLFI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.47

HSBH vs. XLFI - Sectors Allocation Comparison

Sectors	HSBH	XLFI
Financial Services	97.4%	99.9%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

HSBH vs. XLFI — Risk / Return Rank

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

HSBH

HSBH Risk / Return Rank: 91
HSBH Sharpe Ratio Rank: 94
HSBH Sortino Ratio Rank: 91
HSBH Omega Ratio Rank: 91
HSBH Calmar Ratio Rank: 90
HSBH Martin Ratio Rank: 90

XLFI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HSBH vs. XLFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Holdings plc ADRhedged ETF (HSBH) and State Street Financial Select Sector SPDR Premium Income ETF (XLFI). 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.

	HSBH	XLFI	Difference
Sharpe ratio: Return per unit of total volatility	2.76	—	—
Sortino ratio: Return per unit of downside risk	3.52	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	4.40	—	—
Martin ratio: Return relative to average drawdown	15.92	—	—

Drawdowns

HSBH vs. XLFI - Drawdown Comparison

The maximum HSBH drawdown since its inception was -14.81%, which is greater than XLFI's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for HSBH and XLFI.

Drawdown Indicators

	HSBH	XLFI	Difference
Max Drawdown Largest peak-to-trough decline	-14.81%	-11.89%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.81%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.26%	-3.13%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	—	—

Volatility

Volatility by Period

	HSBH	XLFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	11.96%	+11.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.61%	11.96%	+10.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.61%	11.96%	+10.65%

HSBH vs. XLFI - Expense Ratio Comparison

HSBH has a 0.19% expense ratio, which is lower than XLFI's 0.35% expense ratio.

Dividends

HSBH vs. XLFI - Dividend Comparison

HSBH's dividend yield for the trailing twelve months is around 2.27%, less than XLFI's 11.32% yield.

Position	TTM	2025
HSBH HSBC Holdings plc ADRhedged ETF	2.27%	0.00%
XLFI State Street Financial Select Sector SPDR Premium Income ETF	11.32%	5.57%

Frequently Asked Questions

Can I hold both HSBH and XLFI in my portfolio?

HSBH and XLFI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSBH or XLFI?

On fees, HSBH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSBH or XLFI?

HSBH is cheaper with a 0.19% expense ratio, compared with 0.35% for XLFI.

Which ETF pays a higher dividend yield, HSBH or XLFI?

XLFI has the higher dividend yield at 11.32%, compared with 2.27% for HSBH.

What is the main difference between HSBH and XLFI?

HSBH is categorized as Financials Equities, while XLFI is Derivative Income. They also come from different issuers: ADRhedged and State Street. Their fees differ too: 0.19% for HSBH and 0.35% for XLFI.