NEE vs. XLF
NEE (NextEra Energy, Inc.) 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, NEE returned 13.51%/yr vs 13.33%/yr for XLF. At a 0.33 correlation, their price movements are largely independent.
Performance
NEE vs. XLF - Performance Comparison
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Returns By Period
In the year-to-date period, NEE achieves a 8.63% return, which is significantly higher than XLF's -2.11% return. Both investments have delivered pretty close results over the past 10 years, with NEE having a 13.51% annualized return and XLF not far behind at 13.33%.
NEE
- 1D
- 1.36%
- 1M
- -9.47%
- YTD
- 8.63%
- 6M
- 6.81%
- 1Y
- 18.32%
- 3Y*
- 8.11%
- 5Y*
- 5.94%
- 10Y*
- 13.51%
XLF
- 1D
- 1.37%
- 1M
- 4.00%
- YTD
- -2.11%
- 6M
- -2.09%
- 1Y
- 8.41%
- 3Y*
- 18.86%
- 5Y*
- 9.15%
- 10Y*
- 13.33%
NEE vs. XLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 8.63% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
XLF State Street Financial Select Sector SPDR ETF | -2.11% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -13.06% | 22.00% |
Correlation
The correlation between NEE and XLF is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 10, 2003 | 0.33 |
Over the past year, the correlation between NEE and XLF has dropped to 0.09 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.
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Return for Risk
NEE vs. XLF — Risk / Return Rank
NEE
XLF
NEE vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NextEra Energy, Inc. (NEE) 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.
| NEE | XLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.08 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.42 | +0.95 |
| Martin ratioReturn relative to average drawdown | 3.78 | 1.08 | +2.70 |
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Drawdowns
NEE vs. XLF - Drawdown Comparison
The maximum NEE drawdown since its inception was -47.81%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for NEE and XLF.
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Drawdown Indicators
| NEE | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.81% | -82.69% | +34.88% |
Max Drawdown (1Y)Largest decline over 1 year | -14.53% | -14.79% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -34.57% | -15.54% | -19.03% |
Max Drawdown (5Y)Largest decline over 5 years | -44.97% | -25.81% | -19.16% |
Max Drawdown (10Y)Largest decline over 10 years | -44.97% | -42.86% | -2.11% |
Current DrawdownCurrent decline from peak | -11.50% | -4.94% | -6.56% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -20.01% | +11.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 5.76% | -0.51% |
Volatility
NEE vs. XLF - Volatility Comparison
NextEra Energy, Inc. (NEE) has a higher volatility of 8.52% compared to State Street Financial Select Sector SPDR ETF (XLF) at 4.23%. This indicates that NEE'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
| NEE | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 4.23% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 16.75% | 11.26% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 14.69% | +9.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.91% | 18.66% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.49% | 22.17% | +3.32% |
Dividends
NEE vs. XLF - Dividend Comparison
NEE's dividend yield for the trailing twelve months is around 2.77%, more than XLF's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEE NextEra Energy, Inc. | 2.77% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
XLF State Street Financial Select Sector SPDR ETF | 1.49% | 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
NEE and XLF have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEE has higher volatility (8.52%) compared to XLF (4.23%). In terms of maximum drawdown, NEE dropped -47.81% vs XLF's -82.69%.
NEE currently has the higher Sharpe Ratio (0.84 vs 0.42), 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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