PNW vs. XLI
Compare and contrast key facts about Pinnacle West Capital Corporation (PNW) and Industrial Select Sector SPDR Fund (XLI).
XLI is a passively managed fund by State Street that tracks the performance of the Industrial Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNW or XLI.
Key characteristics
| PNW | XLI | |
|---|---|---|
| YTD Return | 10.60% | 10.83% |
| 1Y Return | 3.33% | 31.18% |
| 3Y Return (Ann) | 1.20% | 8.07% |
| 5Y Return (Ann) | 0.01% | 12.93% |
| 10Y Return (Ann) | 7.59% | 11.11% |
| Sharpe Ratio | 0.07 | 2.31 |
| Daily Std Dev | 20.21% | 12.72% |
| Max Drawdown | -79.18% | -62.26% |
| Current Drawdown | -9.44% | -0.02% |
Correlation
The correlation between PNW and XLI is 0.35, 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
PNW vs. XLI - Performance Comparison
The year-to-date returns for both investments are quite close, with PNW having a 10.60% return and XLI slightly higher at 10.83%. Over the past 10 years, PNW has underperformed XLI with an annualized return of 7.59%, while XLI has yielded a comparatively higher 11.11% annualized return. 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
PNW vs. XLI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinnacle West Capital Corporation (PNW) 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.
Dividends
PNW vs. XLI - Dividend Comparison
PNW's dividend yield for the trailing twelve months is around 4.52%, more than XLI's 1.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNW Pinnacle West Capital Corporation | 4.52% | 4.84% | 4.49% | 4.73% | 3.97% | 3.33% | 3.31% | 3.12% | 3.24% | 3.74% | 3.36% | 4.16% |
XLI Industrial Select Sector SPDR Fund | 1.46% | 1.63% | 1.63% | 1.25% | 1.55% | 1.94% | 2.15% | 1.77% | 2.07% | 2.15% | 1.85% | 1.68% |
Drawdowns
PNW vs. XLI - Drawdown Comparison
The maximum PNW drawdown since its inception was -79.18%, which is greater than XLI's maximum drawdown of -62.26%. Use the drawdown chart below to compare losses from any high point for PNW and XLI. For additional features, visit the drawdowns tool.
Volatility
PNW vs. XLI - Volatility Comparison
Pinnacle West Capital Corporation (PNW) has a higher volatility of 3.60% compared to Industrial Select Sector SPDR Fund (XLI) at 3.19%. This indicates that PNW'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.