PANL vs. XLI
PANL (Pangaea Logistics Solutions, Ltd.) is a stock, while XLI (Industrial Select Sector SPDR Fund) is Industrials Equities fund tracking the Industrial Select Sector Index. Over the past 10 years, PANL returned 15.65%/yr vs 14.04%/yr for XLI. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
PANL vs. XLI - Performance Comparison
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Returns By Period
In the year-to-date period, PANL achieves a 11.95% return, which is significantly lower than XLI's 16.55% return. Over the past 10 years, PANL has outperformed XLI with an annualized return of 15.65%, while XLI has yielded a comparatively lower 14.04% annualized return.
PANL
- 1D
- 0.93%
- 1M
- 15.30%
- 6M
- -9.17%
- YTD
- 11.95%
- 1Y
- 70.61%
- 3Y*
- 7.62%
- 5Y*
- 15.78%
- 10Y*
- 15.65%
- ALL TIME*
- 0.52%
XLI
- 1D
- 0.81%
- 1M
- -2.21%
- 6M
- 9.28%
- YTD
- 16.55%
- 1Y
- 21.65%
- 3Y*
- 19.24%
- 5Y*
- 13.41%
- 10Y*
- 14.04%
- ALL TIME*
- 9.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.47M | $2.59M | $4.25M | |
| $1.17B | $1.19B | $1.34B |
PANL vs. XLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PANL Pangaea Logistics Solutions, Ltd. | 11.95% | 34.57% | -31.14% | 70.59% | 44.19% | 40.77% | -6.10% | 0.50% | -17.66% | 8.24% |
XLI Industrial Select Sector SPDR Fund | 16.55% | 19.35% | 17.31% | 18.13% | -5.57% | 21.08% | 10.91% | 29.08% | -13.25% | 23.98% |
Correlation
The correlation between PANL and XLI is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.23 |
The correlation between PANL and XLI shifts across timeframes, from 0.23 (all time) to 0.33 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PANL vs. XLI — Risk / Return Rank
PANL
XLI
PANL vs. XLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pangaea Logistics Solutions, Ltd. (PANL) and Industrial Select Sector SPDR Fund (XLI). 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.
| PANL | XLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.63 | +0.40 |
| Martin ratioReturn relative to average drawdown | 4.28 | 6.43 | -2.16 |
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Drawdowns
PANL vs. XLI - Drawdown Comparison
The maximum PANL drawdown since its inception was -83.44%, which is greater than XLI's maximum drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for PANL and XLI.
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Drawdown Indicators
| PANL | XLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.44% | -62.26% | -21.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.02% | -12.21% | -17.81% |
Max Drawdown (3Y)Largest decline over 3 years | -54.76% | -18.49% | -36.27% |
Max Drawdown (5Y)Largest decline over 5 years | -54.76% | -21.64% | -33.12% |
Max Drawdown (10Y)Largest decline over 10 years | -65.73% | -42.33% | -23.40% |
Current DrawdownCurrent decline from peak | -18.07% | -3.08% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -50.79% | -9.16% | -41.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.26% | 3.09% | +11.17% |
Volatility
PANL vs. XLI - Volatility Comparison
Pangaea Logistics Solutions, Ltd. (PANL) has a higher volatility of 9.36% compared to Industrial Select Sector SPDR Fund (XLI) at 4.83%. This indicates that PANL's price experiences larger fluctuations and is considered to be riskier than XLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PANL | XLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 4.83% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 35.07% | 14.00% | +21.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.77% | 16.92% | +32.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.22% | 17.60% | +28.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.37% | 20.04% | +34.33% |
Dividends
PANL vs. XLI - Dividend Comparison
PANL's dividend yield for the trailing twelve months is around 2.63%, more than XLI's 1.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PANL Pangaea Logistics Solutions, Ltd. | 2.63% | 3.63% | 7.46% | 4.85% | 5.83% | 3.31% | 0.00% | 3.56% | 0.00% | 0.00% | 0.00% | 0.00% |
XLI Industrial Select Sector SPDR Fund | 1.14% | 1.29% | 1.44% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% |
Frequently Asked Questions
PANL and XLI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANL has higher volatility (9.36%) compared to XLI (4.83%). In terms of maximum drawdown, PANL dropped -83.44% vs XLI's -62.26%.
PANL currently has the higher Sharpe Ratio (1.23 vs 1.18), 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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