LW vs. XLP

Last updated Jun 24, 2026

LW (Lamb Weston Holdings, Inc.) is a stock, while XLP (State Street Consumer Staples Select Sector SPDR ETF) is Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index. Over the past 5 years, LW returned -9.24%/yr vs 6.68%/yr for XLP. At a 0.42 correlation, their price movements are largely independent.

Performance

LW vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lamb Weston Holdings, Inc. (LW) and State Street Consumer Staples Select Sector SPDR ETF (XLP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LW having a 8.99% return and XLP slightly higher at 9.13%.

LW

• 1D: 2.75%
• 1M: 2.56%
• YTD: 8.99%
• 6M: 9.23%
• 1Y: -14.53%
• 3Y*: -25.20%
• 5Y*: -9.24%
• 10Y*: —

XLP

• 1D: 1.87%
• 1M: -0.59%
• YTD: 9.13%
• 6M: 9.37%
• 1Y: 5.70%
• 3Y*: 7.18%
• 5Y*: 6.68%
• 10Y*: 7.51%

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

LW vs. XLP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LW Lamb Weston Holdings, Inc.	8.99%	-35.69%	-37.01%	22.32%	42.89%	-18.40%	-7.23%	18.27%	31.81%	51.77%
XLP State Street Consumer Staples Select Sector SPDR ETF	9.13%	1.52%	12.20%	-0.82%	-0.81%	17.20%	10.11%	27.43%	-8.07%	12.98%

Correlation

The correlation between LW and XLP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 10, 2016	0.42

Return for Risk

LW vs. XLP — Risk / Return Rank

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

LW

LW Risk / Return Rank: 29
LW Sharpe Ratio Rank: 28
LW Sortino Ratio Rank: 28
LW Omega Ratio Rank: 28
LW Calmar Ratio Rank: 31
LW Martin Ratio Rank: 32

XLP

XLP Risk / Return Rank: 14
XLP Sharpe Ratio Rank: 15
XLP Sortino Ratio Rank: 14
XLP Omega Ratio Rank: 14
XLP Calmar Ratio Rank: 16
XLP Martin Ratio Rank: 14

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.

LW vs. XLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lamb Weston Holdings, Inc. (LW) 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.

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.

	LW	XLP	Difference
Sharpe ratio: Return per unit of total volatility	-0.33	0.44	-0.77
Sortino ratio: Return per unit of downside risk	-0.15	0.72	-0.87
Omega ratio: Gain probability vs. loss probability	0.98	1.08	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.35	0.59	-0.94
Martin ratio: Return relative to average drawdown	-0.60	1.12	-1.72

LW vs. XLP - Sharpe Ratio Comparison

The current LW Sharpe Ratio is -0.33, which is lower than the XLP Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of LW and XLP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LW vs. XLP - Drawdown Comparison

The maximum LW drawdown since its inception was -64.56%, which is greater than XLP's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for LW and XLP.

Drawdown Indicators

	LW	XLP	Difference
Max Drawdown Largest peak-to-trough decline	-64.56%	-35.90%	-28.66%
Max Drawdown (1Y) Largest decline over 1 year	-41.37%	-9.69%	-31.68%
Max Drawdown (3Y) Largest decline over 3 years	-64.56%	-12.39%	-52.17%
Max Drawdown (5Y) Largest decline over 5 years	-64.56%	-16.30%	-48.26%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.51%	—
Current Drawdown Current decline from peak	-58.30%	-5.82%	-52.48%
Average Drawdown Average peak-to-trough decline	-21.41%	-7.06%	-14.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.39%	5.09%	+19.30%

Volatility

LW vs. XLP - Volatility Comparison

Lamb Weston Holdings, Inc. (LW) has a higher volatility of 8.88% compared to State Street Consumer Staples Select Sector SPDR ETF (XLP) at 5.13%. This indicates that LW's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LW	XLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	5.13%	+3.75%
Volatility (6M) Calculated over the trailing 6-month period	38.62%	10.52%	+28.10%
Volatility (1Y) Calculated over the trailing 1-year period	44.41%	13.13%	+31.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.90%	13.36%	+24.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.87%	14.77%	+21.10%

Dividends

LW vs. XLP - Dividend Comparison

LW's dividend yield for the trailing twelve months is around 3.34%, more than XLP's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LW Lamb Weston Holdings, Inc.	3.34%	3.53%	2.15%	1.04%	1.10%	1.48%	1.17%	0.93%	1.04%	1.33%	0.00%	0.00%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.62%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

Can I hold both LW and XLP in my portfolio?

LW and XLP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LW or XLP?

LW has higher volatility (8.88%) compared to XLP (5.13%). In terms of maximum drawdown, LW dropped -64.56% vs XLP's -35.90%.

Which has better risk-adjusted returns?

XLP currently has the higher Sharpe Ratio (0.44 vs -0.33), 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.