SHE vs. XJR
SHE (SPDR SSGA Gender Diversity Index ETF) and XJR (iShares ESG Screened S&P Small-Cap ETF) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), while XJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Sustainability Screened Index. Both are passively managed. Over the past 5 years, SHE returned 9.68%/yr vs 7.39%/yr for XJR. A 0.77 correlation means they provide meaningful diversification when combined. SHE charges 0.20%/yr vs 0.12%/yr for XJR.
Performance
SHE vs. XJR - Performance Comparison
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Returns By Period
In the year-to-date period, SHE achieves a 16.82% return, which is significantly lower than XJR's 20.97% return.
SHE
- 1D
- -0.83%
- 1M
- -0.76%
- 6M
- 14.14%
- YTD
- 16.82%
- 1Y
- 25.12%
- 3Y*
- 21.32%
- 5Y*
- 9.68%
- 10Y*
- 12.13%
XJR
- 1D
- -0.59%
- 1M
- 1.09%
- 6M
- 15.44%
- YTD
- 20.97%
- 1Y
- 27.63%
- 3Y*
- 14.36%
- 5Y*
- 7.39%
- 10Y*
- —
SHE vs. XJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHE SPDR SSGA Gender Diversity Index ETF | 16.82% | 15.50% | 23.35% | 22.37% | -21.73% | 15.17% | 22.01% |
XJR iShares ESG Screened S&P Small-Cap ETF | 20.97% | 4.73% | 9.59% | 16.39% | -17.30% | 24.96% | 35.61% |
Correlation
The correlation between SHE and XJR is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.77 |
The correlation between SHE and XJR has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
SHE vs. XJR - Sectors Allocation Comparison
Sectors
SHE
XJR
Technology
Financial Services
Consumer Cyclical
Healthcare
Communication Services
Industrials
Consumer Defensive
Utilities
Basic Materials
Real Estate
Energy
Technology
SHE
XJR
Financial Services
SHE
XJR
Consumer Cyclical
SHE
XJR
Healthcare
SHE
XJR
Communication Services
SHE
XJR
Industrials
SHE
XJR
Consumer Defensive
SHE
XJR
Utilities
SHE
XJR
Basic Materials
SHE
XJR
Real Estate
SHE
XJR
Energy
SHE
XJR
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Return for Risk
SHE vs. XJR — Risk / Return Rank
SHE
XJR
SHE vs. XJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) and iShares ESG Screened S&P Small-Cap ETF (XJR). 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.
| SHE | XJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.94 | +0.01 |
| Martin ratioReturn relative to average drawdown | 11.19 | 9.50 | +1.68 |
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Drawdowns
SHE vs. XJR - Drawdown Comparison
The maximum SHE drawdown since its inception was -35.80%, which is greater than XJR's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for SHE and XJR.
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Drawdown Indicators
| SHE | XJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -27.14% | -8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -9.43% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -27.14% | +10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | -27.14% | -4.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -2.63% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -9.32% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.91% | -0.66% |
Volatility
SHE vs. XJR - Volatility Comparison
The current volatility for SPDR SSGA Gender Diversity Index ETF (SHE) is 3.76%, while iShares ESG Screened S&P Small-Cap ETF (XJR) has a volatility of 4.81%. This indicates that SHE experiences smaller price fluctuations and is considered to be less risky than XJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHE | XJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 4.81% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 12.59% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 17.91% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 21.40% | -4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 21.64% | -3.63% |
SHE vs. XJR - Expense Ratio Comparison
SHE has a 0.20% expense ratio, which is higher than XJR's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHE vs. XJR - Dividend Comparison
SHE's dividend yield for the trailing twelve months is around 1.09%, more than XJR's 0.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SHE SPDR SSGA Gender Diversity Index ETF | 1.09% | 1.18% | 1.14% | 1.37% | 1.54% | 0.99% | 1.24% | 1.91% | 7.39% | 5.37% | 6.41% |
XJR iShares ESG Screened S&P Small-Cap ETF | 0.94% | 1.14% | 1.96% | 0.92% | 1.29% | 2.00% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SHE and XJR have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XJR has higher volatility (4.81%) compared to SHE (3.76%). In terms of maximum drawdown, SHE dropped -35.80% vs XJR's -27.14%.
On 5-year performance, SHE leads with 9.68% vs 7.39% for XJR. On fees, XJR is cheaper at 0.12% per year. On volatility, SHE has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SHE has performed better with a 9.68% return vs 7.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XJR is cheaper with a 0.12% expense ratio, compared with 0.20% for SHE.
SHE has the higher dividend yield at 1.09%, compared with 0.94% for XJR.
SHE is categorized as Large Cap Growth Equities, while XJR is Small Cap Blend Equities. SHE tracks SSGA Gender Diversity (TR), while XJR tracks S&P SmallCap 600 Sustainability Screened Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SHE and 0.12% for XJR.
SHE currently has the higher Sharpe Ratio (1.88 vs 1.55), 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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