NRIM vs. XAR
Compare and contrast key facts about Northrim BanCorp, Inc. (NRIM) and SPDR S&P Aerospace & Defense ETF (XAR).
XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NRIM or XAR.
Key characteristics
| NRIM | XAR | |
|---|---|---|
| YTD Return | 38.49% | 26.74% |
| 1Y Return | 82.01% | 42.30% |
| 3Y Return (Ann) | 23.70% | 12.38% |
| 5Y Return (Ann) | 19.76% | 9.82% |
| 10Y Return (Ann) | 14.38% | 13.70% |
| Sharpe Ratio | 2.11 | 2.59 |
| Sortino Ratio | 2.95 | 3.47 |
| Omega Ratio | 1.36 | 1.44 |
| Calmar Ratio | 3.67 | 4.18 |
| Martin Ratio | 7.77 | 15.81 |
| Ulcer Index | 11.18% | 2.76% |
| Daily Std Dev | 41.12% | 16.89% |
| Max Drawdown | -74.59% | -46.37% |
| Current Drawdown | -1.44% | 0.00% |
Correlation
The correlation between NRIM and XAR is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NRIM vs. XAR - Performance Comparison
In the year-to-date period, NRIM achieves a 38.49% return, which is significantly higher than XAR's 26.74% return. Both investments have delivered pretty close results over the past 10 years, with NRIM having a 14.38% annualized return and XAR not far behind at 13.70%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
NRIM vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrim BanCorp, Inc. (NRIM) and SPDR S&P Aerospace & Defense ETF (XAR). 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.
Dividends
NRIM vs. XAR - Dividend Comparison
NRIM's dividend yield for the trailing twelve months is around 3.18%, more than XAR's 0.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRIM Northrim BanCorp, Inc. | 3.18% | 4.20% | 3.34% | 3.45% | 4.06% | 3.29% | 3.10% | 2.54% | 2.47% | 2.78% | 2.67% | 2.44% |
XAR SPDR S&P Aerospace & Defense ETF | 0.51% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
Drawdowns
NRIM vs. XAR - Drawdown Comparison
The maximum NRIM drawdown since its inception was -74.59%, which is greater than XAR's maximum drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for NRIM and XAR. For additional features, visit the drawdowns tool.
Volatility
NRIM vs. XAR - Volatility Comparison
Northrim BanCorp, Inc. (NRIM) has a higher volatility of 18.97% compared to SPDR S&P Aerospace & Defense ETF (XAR) at 6.98%. This indicates that NRIM's price experiences larger fluctuations and is considered to be riskier than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.