NRIM vs. XAR

Last updated Jun 4, 2026

NRIM (Northrim BanCorp, Inc.) is a stock, while XAR (SPDR S&P Aerospace & Defense ETF) is Aerospace & Defense fund tracking the S&P Aerospace & Defense Select Industry Index. Over the past 10 years, NRIM returned 17.91%/yr vs 18.01%/yr for XAR. At a 0.39 correlation, their price movements are largely independent.

Performance

NRIM vs. XAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northrim BanCorp, Inc. (NRIM) and SPDR S&P Aerospace & Defense ETF (XAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRIM achieves a -10.23% return, which is significantly lower than XAR's 13.40% return. Both investments have delivered pretty close results over the past 10 years, with NRIM having a 17.91% annualized return and XAR not far ahead at 18.01%.

NRIM

• 1D: -2.39%
• 1M: -1.00%
• YTD: -10.23%
• 6M: -3.54%
• 1Y: 6.90%
• 3Y*: 38.48%
• 5Y*: 20.88%
• 10Y*: 17.91%

XAR

• 1D: -2.08%
• 1M: 7.34%
• YTD: 13.40%
• 6M: 20.10%
• 1Y: 41.33%
• 3Y*: 34.11%
• 5Y*: 16.26%
• 10Y*: 18.01%

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

NRIM vs. XAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRIM Northrim BanCorp, Inc.	-10.23%	40.49%	41.92%	10.39%	30.72%	32.47%	-7.18%	20.60%	-0.26%	10.12%
XAR SPDR S&P Aerospace & Defense ETF	13.40%	46.15%	23.32%	23.79%	-5.02%	2.31%	6.18%	39.33%	-4.58%	33.00%

Correlation

The correlation between NRIM and XAR is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 30, 2011	0.39

The correlation between NRIM and XAR shifts across timeframes, from 0.32 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

NRIM vs. XAR — Risk / Return Rank

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

NRIM

NRIM Risk / Return Rank: 45
NRIM Sharpe Ratio Rank: 48
NRIM Sortino Ratio Rank: 42
NRIM Omega Ratio Rank: 42
NRIM Calmar Ratio Rank: 47
NRIM Martin Ratio Rank: 46

XAR

XAR Risk / Return Rank: 43
XAR Sharpe Ratio Rank: 43
XAR Sortino Ratio Rank: 43
XAR Omega Ratio Rank: 38
XAR Calmar Ratio Rank: 48
XAR Martin Ratio Rank: 42

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.

NRIM vs. XAR - Risk-Adjusted Trends 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.

	NRIM	XAR	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.55	-1.35
Sortino ratio: Return per unit of downside risk	0.50	2.21	-1.72
Omega ratio: Gain probability vs. loss probability	1.07	1.26	-0.19
Calmar ratio: Return relative to maximum drawdown	0.28	2.41	-2.13
Martin ratio: Return relative to average drawdown	0.53	6.85	-6.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRIM vs. XAR - Sharpe Ratio Comparison

The current NRIM Sharpe Ratio is 0.20, which is lower than the XAR Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of NRIM and XAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NRIM	XAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.55	-1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.70	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.73	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.85	-0.56

Drawdowns

NRIM vs. XAR - Drawdown Comparison

The maximum NRIM drawdown since its inception was -74.58%, 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.

Drawdown Indicators

	NRIM	XAR	Difference
Max Drawdown Largest peak-to-trough decline	-74.58%	-46.37%	-28.21%
Max Drawdown (1Y) Largest decline over 1 year	-24.94%	-17.22%	-7.72%
Max Drawdown (3Y) Largest decline over 3 years	-24.94%	-19.73%	-5.21%
Max Drawdown (5Y) Largest decline over 5 years	-37.20%	-32.40%	-4.80%
Max Drawdown (10Y) Largest decline over 10 years	-54.04%	-46.37%	-7.67%
Current Drawdown Current decline from peak	-19.73%	-6.55%	-13.18%
Average Drawdown Average peak-to-trough decline	-17.31%	-6.79%	-10.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.13%	6.05%	+7.08%

Volatility

NRIM vs. XAR - Volatility Comparison

The current volatility for Northrim BanCorp, Inc. (NRIM) is 7.27%, while SPDR S&P Aerospace & Defense ETF (XAR) has a volatility of 9.52%. This indicates that NRIM experiences smaller price fluctuations and is considered to be less risky than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRIM	XAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	9.52%	-2.25%
Volatility (6M) Calculated over the trailing 6-month period	27.63%	22.39%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	35.35%	26.81%	+8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.40%	23.41%	+9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.50%	24.62%	+12.88%

Dividends

NRIM vs. XAR - Dividend Comparison

NRIM's dividend yield for the trailing twelve months is around 2.70%, more than XAR's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NRIM Northrim BanCorp, Inc.	2.70%	2.41%	3.16%	4.20%	3.34%	3.45%	4.06%	3.29%	3.10%	2.54%	2.47%	2.78%
XAR SPDR S&P Aerospace & Defense ETF	0.32%	0.40%	0.66%	0.54%	0.50%	0.83%	0.63%	0.75%	1.19%	0.76%	1.09%	2.31%

Frequently Asked Questions

Can I hold both NRIM and XAR in my portfolio?

NRIM and XAR have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRIM or XAR?

XAR has higher volatility (9.52%) compared to NRIM (7.27%). In terms of maximum drawdown, NRIM dropped -74.58% vs XAR's -46.37%.

Which has better risk-adjusted returns?

XAR currently has the higher Sharpe Ratio (1.55 vs 0.20), 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.