L vs. XLF

Last updated Apr 1, 2026

Compare and contrast key facts about Loews Corporation (L) and Financial Select Sector SPDR Fund (XLF).

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.

Performance

L vs. XLF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Loews Corporation (L) and Financial Select Sector SPDR Fund (XLF). The values are adjusted to include any dividend payments, if applicable.

L vs. XLF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
L Loews Corporation	1.42%	24.68%	22.09%	19.78%	1.41%	28.89%	-13.69%	15.89%	-8.56%	8.56%
XLF Financial Select Sector SPDR Fund	-9.40%	14.90%	30.56%	12.03%	-10.59%	34.80%	-1.74%	31.88%	-13.06%	22.00%

Returns By Period

In the year-to-date period, L achieves a 1.42% return, which is significantly higher than XLF's -9.40% return. Over the past 10 years, L has underperformed XLF with an annualized return of 11.35%, while XLF has yielded a comparatively higher 12.44% annualized return.

L

• 1D: 0.86%
• 1M: -2.98%
• YTD: 1.42%
• 6M: 6.45%
• 1Y: 16.43%
• 3Y*: 22.92%
• 5Y*: 15.77%
• 10Y*: 11.35%

XLF

• 1D: 2.09%
• 1M: -3.51%
• YTD: -9.40%
• 6M: -7.56%
• 1Y: 0.65%
• 3Y*: 17.25%
• 5Y*: 9.34%
• 10Y*: 12.44%

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

Return for Risk

L vs. XLF — Risk / Return Rank

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

L

L Risk / Return Rank: 70
L Sharpe Ratio Rank: 72
L Sortino Ratio Rank: 63
L Omega Ratio Rank: 65
L Calmar Ratio Rank: 72
L Martin Ratio Rank: 78

XLF

XLF Risk / Return Rank: 14
XLF Sharpe Ratio Rank: 13
XLF Sortino Ratio Rank: 13
XLF Omega Ratio Rank: 13
XLF Calmar Ratio Rank: 15
XLF Martin Ratio Rank: 15

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.

L vs. XLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Loews Corporation (L) 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.

	L	XLF	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.03	+0.85
Sortino ratio Return per unit of downside risk	1.25	0.18	+1.08
Omega ratio Gain probability vs. loss probability	1.18	1.02	+0.16
Calmar ratio Return relative to maximum drawdown	1.48	0.13	+1.36
Martin ratio Return relative to average drawdown	5.20	0.38	+4.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

L vs. XLF - Sharpe Ratio Comparison

The current L Sharpe Ratio is 0.88, which is higher than the XLF Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of L and XLF, 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

	L	XLF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.03	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.50	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.56	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.20	+0.13

Correlation

The correlation between L and XLF is 0.69, 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

L vs. XLF - Dividend Comparison

L's dividend yield for the trailing twelve months is around 0.23%, less than XLF's 1.60% yield.

	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 Financial Select Sector SPDR Fund	1.60%	1.31%	1.42%	1.71%	2.04%	1.63%	2.03%	1.87%	2.08%	1.48%	21.10%	1.95%

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.

Drawdown Indicators

	L	XLF	Difference
Max Drawdown Largest peak-to-trough decline	-65.58%	-82.69%	+17.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-14.79%	+2.63%
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 Drawdown Current decline from peak	-4.86%	-12.01%	+7.15%
Average Drawdown Average peak-to-trough decline	-16.81%	-20.10%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	4.90%	-1.43%

Volatility

L vs. XLF - Volatility Comparison

Loews Corporation (L) and Financial Select Sector SPDR Fund (XLF) have volatilities of 4.54% and 4.75%, 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

	L	XLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.75%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	11.45%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	18.70%	19.29%	-0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.48%	18.69%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.55%	22.19%	+3.36%