VEGI vs. XLP
Compare and contrast key facts about iShares MSCI Global Agriculture Producers ETF (VEGI) and Consumer Staples Select Sector SPDR Fund (XLP).
VEGI and XLP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEGI is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Agriculture Producers Investable Market Index. It was launched on Jan 31, 2012. XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998. Both VEGI and XLP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEGI or XLP.
Key characteristics
| VEGI | XLP | |
|---|---|---|
| YTD Return | -1.61% | 16.85% |
| 1Y Return | 1.02% | 25.66% |
| 3Y Return (Ann) | -0.59% | 8.05% |
| 5Y Return (Ann) | 8.23% | 9.25% |
| 10Y Return (Ann) | 5.96% | 9.22% |
| Sharpe Ratio | 0.16 | 2.62 |
| Sortino Ratio | 0.33 | 3.73 |
| Omega Ratio | 1.04 | 1.45 |
| Calmar Ratio | 0.08 | 1.92 |
| Martin Ratio | 0.48 | 20.98 |
| Ulcer Index | 4.80% | 1.29% |
| Daily Std Dev | 14.40% | 10.27% |
| Max Drawdown | -37.37% | -35.89% |
| Current Drawdown | -22.03% | -1.58% |
Correlation
The correlation between VEGI and XLP is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VEGI vs. XLP - Performance Comparison
In the year-to-date period, VEGI achieves a -1.61% return, which is significantly lower than XLP's 16.85% return. Over the past 10 years, VEGI has underperformed XLP with an annualized return of 5.96%, while XLP has yielded a comparatively higher 9.22% 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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VEGI vs. XLP - Expense Ratio Comparison
VEGI has a 0.39% expense ratio, which is higher than XLP's 0.13% expense ratio.
Risk-Adjusted Performance
VEGI vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Agriculture Producers ETF (VEGI) and Consumer Staples Select Sector SPDR Fund (XLP). 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
VEGI vs. XLP - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 2.49%, less than XLP's 2.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Global Agriculture Producers ETF | 2.49% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% | 2.03% | 1.53% |
XLP Consumer Staples Select Sector SPDR Fund | 2.56% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.52% | 2.40% | 2.39% |
Drawdowns
VEGI vs. XLP - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, roughly equal to the maximum XLP drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for VEGI and XLP. For additional features, visit the drawdowns tool.
Volatility
VEGI vs. XLP - Volatility Comparison
iShares MSCI Global Agriculture Producers ETF (VEGI) has a higher volatility of 3.97% compared to Consumer Staples Select Sector SPDR Fund (XLP) at 2.65%. This indicates that VEGI's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.