PTXKY vs. XHB

Last updated Aug 1, 2026

PTXKY (XL Axiata Tbk PT ADR) is a stock, while XHB (SPDR S&P Homebuilders ETF) is Building & Construction fund tracking the S&P Homebuilders Select Industry Index. Over the past 10 years, PTXKY returned -5.55%/yr vs 12.35%/yr for XHB. Their 0.06 correlation means their historical movements had little consistent relationship.

Performance

PTXKY vs. XHB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in XL Axiata Tbk PT ADR (PTXKY) and SPDR S&P Homebuilders ETF (XHB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTXKY achieves a -39.89% return, which is significantly lower than XHB's 3.61% return. Over the past 10 years, PTXKY has underperformed XHB with an annualized return of -5.55%, while XHB has yielded a comparatively higher 12.35% annualized return.

PTXKY

• 1D: 0.00%
• 1M: -4.80%
• 6M: -31.76%
• YTD: -39.89%
• 1Y: -7.07%
• 3Y*: 1.80%
• 5Y*: -3.34%
• 10Y*: -5.55%
• ALL TIME*: -9.28%

XHB

• 1D: 2.57%
• 1M: -5.51%
• 6M: -2.23%
• YTD: 3.61%
• 1Y: 3.03%
• 3Y*: 9.00%
• 5Y*: 7.89%
• 10Y*: 12.35%
• ALL TIME*: 5.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PTXKY XL Axiata Tbk PT ADR	$361.78	$1.62K	$2.10K
XHB SPDR S&P Homebuilders ETF	$241.07M	$248.84M	$291.65M

PTXKY vs. XHB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTXKY XL Axiata Tbk PT ADR	-39.89%	77.85%	5.33%	-14.40%	-26.31%	19.26%	-16.61%	73.18%	-37.11%	19.25%
XHB SPDR S&P Homebuilders ETF	3.61%	-0.69%	9.87%	60.10%	-28.93%	49.70%	27.97%	41.30%	-25.73%	31.80%

Correlation

The correlation between PTXKY and XHB is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.09
Correlation (3Y) Balances recent behavior with more history.	0.09
Correlation (5Y) Shows whether the relationship held over a longer period.	0.05
Correlation (10Y) Provides a long-term view across more market conditions.	0.05
Correlation (All Time) Calculated using the full available price history since Jun 21, 2012	0.06

Return for Risk

PTXKY vs. XHB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PTXKY

PTXKY Risk / Return Rank: 39
PTXKY Sharpe Ratio Rank: 37
PTXKY Sortino Ratio Rank: 47
PTXKY Omega Ratio Rank: 48
PTXKY Calmar Ratio Rank: 32
PTXKY Martin Ratio Rank: 33

XHB

XHB Risk / Return Rank: 14
XHB Sharpe Ratio Rank: 13
XHB Sortino Ratio Rank: 15
XHB Omega Ratio Rank: 14
XHB Calmar Ratio Rank: 13
XHB Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PTXKY vs. XHB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for XL Axiata Tbk PT ADR (PTXKY) and SPDR S&P Homebuilders ETF (XHB). 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.

	PTXKY	XHB	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	0.11	-0.28
Sortino ratio: Return per unit of downside risk	0.53	0.39	+0.14
Omega ratio: Gain probability vs. loss probability	1.08	1.04	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.35	0.14	-0.49
Martin ratio: Return relative to average drawdown	-0.59	0.27	-0.86

PTXKY vs. XHB - Sharpe Ratio Comparison

The current PTXKY Sharpe Ratio is -0.17, which is lower than the XHB Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of PTXKY and XHB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTXKY vs. XHB - Drawdown Comparison

The maximum PTXKY drawdown since its inception was -89.53%, which is greater than XHB's maximum drawdown of -81.61%. Use the drawdown chart below to compare losses from any high point for PTXKY and XHB.

Drawdown Indicators

	PTXKY	XHB	Difference
Max Drawdown Largest peak-to-trough decline	-89.53%	-81.61%	-7.92%
Max Drawdown (1Y) Largest decline over 1 year	-54.86%	-21.71%	-33.15%
Max Drawdown (3Y) Largest decline over 3 years	-54.86%	-30.53%	-24.33%
Max Drawdown (5Y) Largest decline over 5 years	-54.86%	-39.46%	-15.40%
Max Drawdown (10Y) Largest decline over 10 years	-73.06%	-49.57%	-23.49%
Current Drawdown Current decline from peak	-79.99%	-14.20%	-65.79%
Average Drawdown Average peak-to-trough decline	-68.50%	-27.48%	-41.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.00%	11.10%	+21.90%

Volatility

PTXKY vs. XHB - Volatility Comparison

XL Axiata Tbk PT ADR (PTXKY) has a higher volatility of 22.73% compared to SPDR S&P Homebuilders ETF (XHB) at 8.22%. This indicates that PTXKY's price experiences larger fluctuations and is considered to be riskier than XHB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTXKY	XHB	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.73%	8.22%	+14.51%
Volatility (6M) Calculated over the trailing 6-month period	55.21%	21.73%	+33.48%
Volatility (1Y) Calculated over the trailing 1-year period	112.50%	28.35%	+84.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.92%	28.03%	+67.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.65%	27.61%	+62.04%

Dividends

PTXKY vs. XHB - Dividend Comparison

PTXKY's dividend yield for the trailing twelve months is around 7.11%, more than XHB's 0.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTXKY XL Axiata Tbk PT ADR	7.11%	6.59%	2.19%	2.16%	2.21%	0.99%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%
XHB SPDR S&P Homebuilders ETF	0.61%	0.78%	0.59%	0.77%	1.06%	0.51%	0.73%	0.89%	1.25%	0.72%	0.67%	0.50%

Frequently Asked Questions

Can I hold both PTXKY and XHB in my portfolio?

PTXKY and XHB have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTXKY or XHB?

PTXKY has higher volatility (22.73%) compared to XHB (8.22%). In terms of maximum drawdown, PTXKY dropped -89.53% vs XHB's -81.61%.

Which has better risk-adjusted returns?

XHB currently has the higher Sharpe Ratio (0.11 vs -0.17), 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.