L vs. XLF
L (Loews Corporation) is a stock, while XLF (State Street Financial Select Sector SPDR ETF) is Financials Equities fund tracking the Financial Select Sector Index. Over the past 10 years, L returned 11.49%/yr vs 13.72%/yr for XLF. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
L vs. XLF - Performance Comparison
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Returns By Period
In the year-to-date period, L achieves a 5.12% return, which is significantly higher than XLF's -0.77% return. Over the past 10 years, L has underperformed XLF with an annualized return of 11.49%, while XLF has yielded a comparatively higher 13.72% annualized return.
L
- 1D
- 2.27%
- 1M
- 1.63%
- YTD
- 5.12%
- 6M
- 2.97%
- 1Y
- 22.25%
- 3Y*
- 24.44%
- 5Y*
- 15.34%
- 10Y*
- 11.49%
XLF
- 1D
- 0.34%
- 1M
- 4.10%
- YTD
- -0.77%
- 6M
- -1.95%
- 1Y
- 7.67%
- 3Y*
- 19.94%
- 5Y*
- 10.00%
- 10Y*
- 13.72%
L vs. XLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L Loews Corporation | 5.12% | 24.68% | 22.09% | 19.78% | 1.41% | 28.89% | -13.69% | 15.89% | -8.56% | 8.56% |
XLF State Street Financial Select Sector SPDR ETF | -0.77% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -13.06% | 22.00% |
Correlation
The correlation between L and XLF is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.69 |
Over the past year, the correlation between L and XLF has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
L vs. XLF — Risk / Return Rank
L
XLF
L vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loews Corporation (L) and State Street Financial Select Sector SPDR ETF (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.
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.
| L | XLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 0.52 | +2.28 |
| Martin ratioReturn relative to average drawdown | 7.05 | 1.33 | +5.72 |
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Drawdowns
L vs. XLF - Drawdown Comparison
The maximum L drawdown since its inception was -65.58%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for L and XLF.
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Drawdown Indicators
| L | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -82.69% | +17.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -14.79% | +6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -15.54% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -25.81% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -48.53% | -42.86% | -5.67% |
Current DrawdownCurrent decline from peak | -1.75% | -3.64% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -16.73% | -19.99% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 5.79% | -2.62% |
Volatility
L vs. XLF - Volatility Comparison
Loews Corporation (L) has a higher volatility of 5.47% compared to State Street Financial Select Sector SPDR ETF (XLF) at 4.12%. This indicates that L'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.
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Volatility by Period
| L | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 4.12% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 11.27% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 14.62% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 18.58% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.63% | 22.11% | +3.52% |
Dividends
L vs. XLF - Dividend Comparison
L's dividend yield for the trailing twelve months is around 0.23%, less than XLF's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
L Loews Corporation | 0.23% | 0.24% | 0.30% | 0.36% | 0.43% | 0.43% | 0.56% | 0.48% | 0.55% | 1.58% | 0.53% | 0.65% |
XLF State Street Financial Select Sector SPDR ETF | 1.50% | 1.31% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 21.10% | 1.95% |
Frequently Asked Questions
L and XLF have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
L has higher volatility (5.47%) compared to XLF (4.12%). In terms of maximum drawdown, L dropped -65.58% vs XLF's -82.69%.
L currently has the higher Sharpe Ratio (1.38 vs 0.53), 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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