RVT vs. XLU

Last updated Jun 9, 2026

RVT (Royce Value Trust Inc.) is a stock, while XLU (State Street Utilities Select Sector SPDR ETF) is Utilities Equities fund tracking the Utilities Select Sector Index. Over the past 10 years, RVT returned 12.64%/yr vs 8.99%/yr for XLU. At a 0.35 correlation, their price movements are largely independent.

Performance

RVT vs. XLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royce Value Trust Inc. (RVT) and State Street Utilities Select Sector SPDR ETF (XLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RVT achieves a 12.34% return, which is significantly higher than XLU's 2.66% return. Over the past 10 years, RVT has outperformed XLU with an annualized return of 12.64%, while XLU has yielded a comparatively lower 8.99% annualized return.

RVT

• 1D: 0.79%
• 1M: -4.87%
• YTD: 12.34%
• 6M: 13.86%
• 1Y: 28.82%
• 3Y*: 18.49%
• 5Y*: 7.10%
• 10Y*: 12.64%

XLU

• 1D: -1.87%
• 1M: -2.68%
• YTD: 2.66%
• 6M: 3.35%
• 1Y: 10.26%
• 3Y*: 12.85%
• 5Y*: 9.10%
• 10Y*: 8.99%

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

RVT vs. XLU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RVT Royce Value Trust Inc.	12.34%	11.54%	17.93%	18.79%	-26.25%	32.66%	18.16%	35.41%	-20.70%	30.63%
XLU State Street Utilities Select Sector SPDR ETF	2.66%	16.03%	23.31%	-7.18%	1.44%	17.70%	0.51%	25.93%	3.94%	12.05%

Correlation

The correlation between RVT and XLU is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 23, 1998	0.35

The correlation between RVT and XLU shifts across timeframes, from 0.18 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RVT vs. XLU — Risk / Return Rank

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

RVT

RVT Risk / Return Rank: 81
RVT Sharpe Ratio Rank: 84
RVT Sortino Ratio Rank: 80
RVT Omega Ratio Rank: 78
RVT Calmar Ratio Rank: 79
RVT Martin Ratio Rank: 85

XLU

XLU Risk / Return Rank: 22
XLU Sharpe Ratio Rank: 22
XLU Sortino Ratio Rank: 21
XLU Omega Ratio Rank: 21
XLU Calmar Ratio Rank: 26
XLU Martin Ratio Rank: 21

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.

RVT vs. XLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royce Value Trust Inc. (RVT) and State Street Utilities Select Sector SPDR ETF (XLU). 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.

	RVT	XLU	Difference
Sharpe ratio: Return per unit of total volatility	1.60	0.71	+0.90
Sortino ratio: Return per unit of downside risk	2.27	1.04	+1.23
Omega ratio: Gain probability vs. loss probability	1.28	1.13	+0.15
Calmar ratio: Return relative to maximum drawdown	2.37	1.12	+1.25
Martin ratio: Return relative to average drawdown	8.49	2.47	+6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RVT vs. XLU - Sharpe Ratio Comparison

The current RVT Sharpe Ratio is 1.60, which is higher than the XLU Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of RVT and XLU, 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

	RVT	XLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	0.71	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.53	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.47	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.40	+0.02

Drawdowns

RVT vs. XLU - Drawdown Comparison

The maximum RVT drawdown since its inception was -72.34%, which is greater than XLU's maximum drawdown of -51.98%. Use the drawdown chart below to compare losses from any high point for RVT and XLU.

Drawdown Indicators

	RVT	XLU	Difference
Max Drawdown Largest peak-to-trough decline	-72.34%	-51.98%	-20.36%
Max Drawdown (1Y) Largest decline over 1 year	-12.19%	-9.18%	-3.01%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-17.26%	-6.22%
Max Drawdown (5Y) Largest decline over 5 years	-32.79%	-25.26%	-7.53%
Max Drawdown (10Y) Largest decline over 10 years	-47.18%	-36.07%	-11.11%
Current Drawdown Current decline from peak	-5.28%	-8.18%	+2.90%
Average Drawdown Average peak-to-trough decline	-11.29%	-10.22%	-1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	4.16%	-0.75%

Volatility

RVT vs. XLU - Volatility Comparison

Royce Value Trust Inc. (RVT) has a higher volatility of 5.90% compared to State Street Utilities Select Sector SPDR ETF (XLU) at 5.60%. This indicates that RVT's price experiences larger fluctuations and is considered to be riskier than XLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVT	XLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	5.60%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	13.71%	11.70%	+2.01%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	14.64%	+3.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.46%	17.34%	+5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.98%	19.27%	+3.71%

Dividends

RVT vs. XLU - Dividend Comparison

RVT's dividend yield for the trailing twelve months is around 7.99%, more than XLU's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RVT Royce Value Trust Inc.	7.99%	8.82%	8.04%	7.35%	9.95%	8.52%	6.44%	7.45%	10.68%	7.17%	7.62%	10.54%
XLU State Street Utilities Select Sector SPDR ETF	2.73%	2.71%	2.96%	3.39%	2.92%	2.79%	3.14%	2.95%	3.33%	3.33%	3.41%	3.67%

Frequently Asked Questions

Can I hold both RVT and XLU in my portfolio?

RVT and XLU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVT or XLU?

RVT has higher volatility (5.90%) compared to XLU (5.60%). In terms of maximum drawdown, RVT dropped -72.34% vs XLU's -51.98%.

Which has better risk-adjusted returns?

RVT currently has the higher Sharpe Ratio (1.60 vs 0.70), 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.