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.
Performance
NRIM vs. XAR - Performance Comparison
Returns By Period
In the year-to-date period, NRIM achieves a 46.56% return, which is significantly higher than XAR's 22.31% return. Over the past 10 years, NRIM has outperformed XAR with an annualized return of 15.63%, while XAR has yielded a comparatively lower 13.13% annualized return.
NRIM
46.56%
13.68%
51.18%
78.09%
21.48%
15.63%
XAR
22.31%
1.26%
14.23%
33.42%
8.75%
13.13%
Key characteristics
| NRIM | XAR | |
|---|---|---|
| Sharpe Ratio | 1.91 | 1.98 |
| Sortino Ratio | 2.72 | 2.70 |
| Omega Ratio | 1.33 | 1.34 |
| Calmar Ratio | 3.29 | 4.33 |
| Martin Ratio | 6.96 | 12.14 |
| Ulcer Index | 11.18% | 2.79% |
| Daily Std Dev | 40.76% | 17.12% |
| Max Drawdown | -74.59% | -46.37% |
| Current Drawdown | -4.21% | -3.68% |
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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.
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 3.01%, more than XAR's 0.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRIM Northrim BanCorp, Inc. | 3.01% | 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 | 0.53% | 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 19.78% compared to SPDR S&P Aerospace & Defense ETF (XAR) at 7.91%. 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.