O vs. XLF
O (Realty Income Corporation) 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, O returned 4.89%/yr vs 13.33%/yr for XLF. At a 0.40 correlation, their price movements are largely independent.
Performance
O vs. XLF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, O achieves a 13.70% return, which is significantly higher than XLF's -2.11% return. Over the past 10 years, O has underperformed XLF with an annualized return of 4.89%, while XLF has yielded a comparatively higher 13.33% annualized return.
O
- 1D
- 1.31%
- 1M
- 1.67%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.88%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
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%
O vs. XLF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
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 O and XLF is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.40 |
Over the past year, the correlation between O and XLF has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
O vs. XLF — Risk / Return Rank
O
XLF
O vs. XLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
| O | XLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.42 | +0.87 |
| Martin ratioReturn relative to average drawdown | 3.12 | 1.08 | +2.04 |
Loading charts...
Drawdowns
O vs. XLF - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, smaller than the maximum XLF drawdown of -82.69%. Use the drawdown chart below to compare losses from any high point for O and XLF.
Loading charts...
Drawdown Indicators
| O | XLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -82.69% | +34.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -14.79% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | -15.54% | -10.95% |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | -25.81% | -8.67% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -42.86% | -5.42% |
Current DrawdownCurrent decline from peak | -5.94% | -4.94% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -20.01% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 5.76% | -1.18% |
Volatility
O vs. XLF - Volatility Comparison
Realty Income Corporation (O) has a higher volatility of 5.29% compared to State Street Financial Select Sector SPDR ETF (XLF) at 4.23%. This indicates that O'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.
Loading charts...
Volatility by Period
| O | XLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.23% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 11.26% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 14.69% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 18.66% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 22.17% | +3.47% |
Dividends
O vs. XLF - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.16%, more than XLF's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
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
O and XLF have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.29%) compared to XLF (4.23%). In terms of maximum drawdown, O dropped -48.45% vs XLF's -82.69%.
O currently has the higher Sharpe Ratio (0.88 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.
Find the right allocation for O and XLF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer