INGR vs. XLI
INGR (Ingredion Incorporated) 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, INGR returned -0.31%/yr vs 14.04%/yr for XLI. Their 0.45 correlation means their historical movements had little consistent relationship.
Performance
INGR vs. XLI - Performance Comparison
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Returns By Period
In the year-to-date period, INGR achieves a -7.65% return, which is significantly lower than XLI's 16.55% return. Over the past 10 years, INGR has underperformed XLI with an annualized return of -0.31%, while XLI has yielded a comparatively higher 14.04% annualized return.
INGR
- 1D
- -0.87%
- 1M
- 1.88%
- 6M
- -14.42%
- YTD
- -7.65%
- 1Y
- -18.88%
- 3Y*
- -1.22%
- 5Y*
- 5.45%
- 10Y*
- -0.31%
- ALL TIME*
- 9.00%
XLI
- 1D
- 0.81%
- 1M
- -2.21%
- 6M
- 9.28%
- YTD
- 16.55%
- 1Y
- 21.65%
- 3Y*
- 19.24%
- 5Y*
- 13.41%
- 10Y*
- 14.04%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $61.81M | $66.10M | $91.69M | |
| $1.17B | $1.19B | $1.34B |
INGR vs. XLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INGR Ingredion Incorporated | -7.65% | -17.86% | 29.22% | 14.08% | 4.47% | 26.35% | -12.55% | 4.70% | -33.10% | 13.87% |
XLI Industrial Select Sector SPDR Fund | 16.55% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
Correlation
The correlation between INGR and XLI is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.45 |
Over the past year, the correlation between INGR and XLI has dropped to 0.18 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
INGR vs. XLI — Risk / Return Rank
INGR
XLI
INGR vs. XLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ingredion Incorporated (INGR) 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.
| INGR | XLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.21 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.63 | -2.51 |
| Martin ratioReturn relative to average drawdown | -1.64 | 6.43 | -8.07 |
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Drawdowns
INGR vs. XLI - Drawdown Comparison
The maximum INGR drawdown since its inception was -64.20%, roughly equal to the maximum XLI drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for INGR and XLI.
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Drawdown Indicators
| INGR | XLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.20% | -62.26% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -25.30% | -12.21% | -13.09% |
Max Drawdown (3Y)Largest decline over 3 years | -36.40% | -18.49% | -17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -36.40% | -21.64% | -14.76% |
Max Drawdown (10Y)Largest decline over 10 years | -56.14% | -42.33% | -13.81% |
Current DrawdownCurrent decline from peak | -32.62% | -3.08% | -29.54% |
Average DrawdownAverage peak-to-trough decline | -18.39% | -9.16% | -9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.64% | 3.09% | +11.55% |
Volatility
INGR vs. XLI - Volatility Comparison
Ingredion Incorporated (INGR) has a higher volatility of 5.87% compared to Industrial Select Sector SPDR Fund (XLI) at 4.83%. This indicates that INGR'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
| INGR | XLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 4.83% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 14.00% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 16.92% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.32% | 17.60% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.88% | 20.04% | +4.84% |
Dividends
INGR vs. XLI - Dividend Comparison
INGR's dividend yield for the trailing twelve months is around 3.30%, more than XLI's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INGR Ingredion Incorporated | 3.30% | 2.92% | 1.72% | 2.75% | 2.78% | 2.67% | 3.23% | 2.70% | 2.68% | 1.57% | 1.52% | 1.82% |
XLI Industrial Select Sector SPDR Fund | 1.14% | 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
INGR and XLI have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INGR has higher volatility (5.87%) compared to XLI (4.83%). In terms of maximum drawdown, INGR dropped -64.20% vs XLI's -62.26%.
XLI currently has the higher Sharpe Ratio (1.18 vs -1.27), 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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