IWX vs. XLP

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Russell Top 200 Value ETF (IWX) and State Street Consumer Staples Select Sector SPDR ETF (XLP).

IWX and XLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWX is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Value Index. It was launched on Sep 22, 2009. XLP is a passively managed fund by State Street that tracks the performance of the S&P Consumer Staples Select Sector. It was launched on Dec 16, 1998. Both IWX and XLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IWX vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Top 200 Value ETF (IWX) and State Street Consumer Staples Select Sector SPDR ETF (XLP). The values are adjusted to include any dividend payments, if applicable.

IWX vs. XLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWX iShares Russell Top 200 Value ETF	1.27%	18.23%	14.89%	10.45%	-5.33%	23.33%	1.46%	25.82%	-6.53%	14.05%
XLP State Street Consumer Staples Select Sector SPDR ETF	6.13%	1.52%	12.20%	-0.82%	-0.81%	17.20%	10.11%	27.43%	-8.07%	12.98%

Returns By Period

In the year-to-date period, IWX achieves a 1.27% return, which is significantly lower than XLP's 6.13% return. Over the past 10 years, IWX has outperformed XLP with an annualized return of 10.71%, while XLP has yielded a comparatively lower 7.17% annualized return.

IWX

• 1D: 2.00%
• 1M: -4.67%
• YTD: 1.27%
• 6M: 6.32%
• 1Y: 14.74%
• 3Y*: 14.70%
• 5Y*: 9.79%
• 10Y*: 10.71%

XLP

• 1D: 0.12%
• 1M: -8.41%
• YTD: 6.13%
• 6M: 6.04%
• 1Y: 3.16%
• 3Y*: 5.99%
• 5Y*: 6.59%
• 10Y*: 7.17%

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

IWX vs. XLP - Expense Ratio Comparison

IWX has a 0.20% expense ratio, which is higher than XLP's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IWX

iShares Russell Top 200 Value ETF

XLP

State Street Consumer Staples Select Sector SPDR ETF

Return for Risk

IWX vs. XLP — Risk / Return Rank

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

IWX

IWX Risk / Return Rank: 61
IWX Sharpe Ratio Rank: 59
IWX Sortino Ratio Rank: 56
IWX Omega Ratio Rank: 62
IWX Calmar Ratio Rank: 59
IWX Martin Ratio Rank: 68

XLP

XLP Risk / Return Rank: 20
XLP Sharpe Ratio Rank: 19
XLP Sortino Ratio Rank: 18
XLP Omega Ratio Rank: 17
XLP Calmar Ratio Rank: 25
XLP Martin Ratio Rank: 22

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.

IWX vs. XLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Value ETF (IWX) and State Street Consumer Staples Select Sector SPDR ETF (XLP). 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.

	IWX	XLP	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.23	+0.78
Sortino ratio Return per unit of downside risk	1.43	0.42	+1.01
Omega ratio Gain probability vs. loss probability	1.22	1.05	+0.17
Calmar ratio Return relative to maximum drawdown	1.44	0.49	+0.94
Martin ratio Return relative to average drawdown	6.67	1.19	+5.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWX vs. XLP - Sharpe Ratio Comparison

The current IWX Sharpe Ratio is 1.00, which is higher than the XLP Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of IWX and XLP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IWX	XLP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.23	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.50	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.49	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.44	+0.22

Correlation

The correlation between IWX and XLP is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IWX vs. XLP - Dividend Comparison

IWX's dividend yield for the trailing twelve months is around 1.66%, less than XLP's 2.65% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWX iShares Russell Top 200 Value ETF	1.66%	1.59%	1.97%	2.13%	2.07%	1.79%	2.12%	2.60%	2.66%	2.12%	2.22%	2.77%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.65%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Drawdowns

IWX vs. XLP - Drawdown Comparison

The maximum IWX drawdown since its inception was -35.76%, roughly equal to the maximum XLP drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for IWX and XLP.

Drawdown Indicators

	IWX	XLP	Difference
Max Drawdown Largest peak-to-trough decline	-35.76%	-35.90%	+0.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-9.69%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-18.13%	-16.30%	-1.83%
Max Drawdown (10Y) Largest decline over 10 years	-35.76%	-24.51%	-11.25%
Current Drawdown Current decline from peak	-4.72%	-8.41%	+3.69%
Average Drawdown Average peak-to-trough decline	-3.85%	-7.06%	+3.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	4.03%	-1.64%

Volatility

IWX vs. XLP - Volatility Comparison

iShares Russell Top 200 Value ETF (IWX) and State Street Consumer Staples Select Sector SPDR ETF (XLP) have volatilities of 4.03% and 3.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWX	XLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	3.93%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	9.34%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.77%	13.90%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	13.14%	+0.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	14.69%	+1.82%