IAT vs. XLF
Compare and contrast key facts about iShares U.S. Regional Banks ETF (IAT) and Financial Select Sector SPDR Fund (XLF).
IAT and XLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAT is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Regional Banks Index. It was launched on May 5, 2006. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998. Both IAT and XLF 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: IAT or XLF.
Performance
IAT vs. XLF - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with IAT having a 33.11% return and XLF slightly higher at 33.66%. Over the past 10 years, IAT has underperformed XLF with an annualized return of 7.52%, while XLF has yielded a comparatively higher 11.87% annualized return.
IAT
33.11%
8.23%
28.50%
54.72%
5.33%
7.52%
XLF
33.66%
4.35%
18.70%
43.68%
13.10%
11.87%
Key characteristics
| IAT | XLF | |
|---|---|---|
| Sharpe Ratio | 2.08 | 3.21 |
| Sortino Ratio | 3.07 | 4.54 |
| Omega Ratio | 1.37 | 1.59 |
| Calmar Ratio | 1.20 | 3.63 |
| Martin Ratio | 12.67 | 22.93 |
| Ulcer Index | 4.31% | 1.93% |
| Daily Std Dev | 26.29% | 13.77% |
| Max Drawdown | -77.23% | -82.69% |
| Current Drawdown | -13.82% | -0.66% |
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IAT vs. XLF - Expense Ratio Comparison
IAT has a 0.42% expense ratio, which is higher than XLF's 0.13% expense ratio.
Correlation
The correlation between IAT and XLF is 0.90, 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.
Risk-Adjusted Performance
IAT vs. XLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Regional Banks ETF (IAT) and Financial Select Sector SPDR Fund (XLF). 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
IAT vs. XLF - Dividend Comparison
IAT's dividend yield for the trailing twelve months is around 2.89%, more than XLF's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAT iShares U.S. Regional Banks ETF | 2.89% | 3.56% | 3.12% | 1.88% | 2.87% | 2.49% | 2.48% | 1.56% | 1.52% | 1.78% | 1.68% | 1.56% |
XLF Financial Select Sector SPDR Fund | 1.34% | 1.71% | 2.04% | 1.63% | 2.03% | 1.86% | 2.09% | 1.48% | 1.63% | 1.95% | 1.61% | 1.47% |
Drawdowns
IAT vs. XLF - Drawdown Comparison
The maximum IAT drawdown since its inception was -77.23%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for IAT and XLF. For additional features, visit the drawdowns tool.
Volatility
IAT vs. XLF - Volatility Comparison
iShares U.S. Regional Banks ETF (IAT) has a higher volatility of 12.21% compared to Financial Select Sector SPDR Fund (XLF) at 7.02%. This indicates that IAT's price experiences larger fluctuations and is considered to be riskier than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.