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XAR vs. AAPL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XAR vs. AAPL

Last updated Jun 14, 2026

XAR (SPDR S&P Aerospace & Defense ETF) is Aerospace & Defense fund tracking the S&P Aerospace & Defense Select Industry Index, while AAPL (Apple Inc) is a stock. Over the past 10 years, XAR returned 18.45%/yr vs 29.36%/yr for AAPL. At a 0.36 correlation, their price movements are largely independent.

Performance

XAR vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Aerospace & Defense ETF (XAR) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XAR achieves a 16.10% return, which is significantly higher than AAPL's 7.29% return. Over the past 10 years, XAR has underperformed AAPL with an annualized return of 18.45%, while AAPL has yielded a comparatively higher 29.36% annualized return.

XAR

1D
-1.55%
1M
7.38%
YTD
16.10%
6M
18.39%
1Y
42.07%
3Y*
33.32%
5Y*
16.58%
10Y*
18.45%

AAPL

1D
-1.52%
1M
-3.03%
YTD
7.29%
6M
4.81%
1Y
48.78%
3Y*
17.21%
5Y*
18.59%
10Y*
29.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XAR vs. AAPL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XAR
SPDR S&P Aerospace & Defense ETF		16.10%46.15%23.32%23.79%-5.02%2.31%6.18%39.33%-4.58%33.00%
AAPL
Apple Inc		7.29%9.05%30.71%49.01%-26.40%34.65%82.31%88.96%-5.39%48.46%

Correlation

The correlation between XAR and AAPL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2011

0.36

The correlation between XAR and AAPL shifts across timeframes, from 0.19 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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SPDR S&P Aerospace & Defense ETF

Apple Inc

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Return for Risk

XAR vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XAR
XAR Risk / Return Rank: 4949
Overall Rank
XAR Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XAR Sortino Ratio Rank: 5151
Sortino Ratio Rank
XAR Omega Ratio Rank: 4444
Omega Ratio Rank
XAR Calmar Ratio Rank: 5656
Calmar Ratio Rank
XAR Martin Ratio Rank: 4848
Martin Ratio Rank
AAPL
AAPL Risk / Return Rank: 8888
Overall Rank
AAPL Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
AAPL Sortino Ratio Rank: 8989
Sortino Ratio Rank
AAPL Omega Ratio Rank: 8888
Omega Ratio Rank
AAPL Calmar Ratio Rank: 8686
Calmar Ratio Rank
AAPL Martin Ratio Rank: 8686
Martin Ratio Rank
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.

XAR vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) and Apple Inc (AAPL). 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.

XARAAPLDifference
Sharpe ratioReturn per unit of total volatility
1.50
2.07

-0.57

Sortino ratioReturn per unit of downside risk
2.20
2.93

-0.74

Omega ratioGain probability vs. loss probability

1.25

1.38

-0.12

Calmar ratioReturn relative to maximum drawdown

2.43

3.40

-0.97

Martin ratioReturn relative to average drawdown

6.81

8.47

-1.66

XAR vs. AAPL - Sharpe Ratio Comparison

The current XAR Sharpe Ratio is 1.50, which is comparable to the AAPL Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of XAR and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XAR vs. AAPL - Drawdown Comparison

The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for XAR and AAPL.

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Drawdown Indicators

XARAAPLDifference

Max Drawdown

Largest peak-to-trough decline

-46.37%

-81.80%

+35.43%

Max Drawdown (1Y)

Largest decline over 1 year

-17.22%

-13.80%

-3.42%

Max Drawdown (3Y)

Largest decline over 3 years

-19.73%

-33.36%

+13.63%

Max Drawdown (5Y)

Largest decline over 5 years

-32.40%

-33.36%

+0.96%

Max Drawdown (10Y)

Largest decline over 10 years

-46.37%

-38.52%

-7.85%

Current Drawdown

Current decline from peak

-4.32%

-7.64%

+3.32%

Average Drawdown

Average peak-to-trough decline

-6.78%

-29.59%

+22.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.13%

5.53%

+0.60%

Volatility

XAR vs. AAPL - Volatility Comparison

SPDR S&P Aerospace & Defense ETF (XAR) has a higher volatility of 11.46% compared to Apple Inc (AAPL) at 6.73%. This indicates that XAR's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XARAAPLDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.46%

6.73%

+4.73%

Volatility (6M)

Calculated over the trailing 6-month period

23.56%

16.53%

+7.03%

Volatility (1Y)

Calculated over the trailing 1-year period

27.85%

22.64%

+5.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.66%

27.52%

-3.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.74%

28.92%

-4.18%

Dividends

XAR vs. AAPL - Dividend Comparison

XAR's dividend yield for the trailing twelve months is around 0.31%, less than AAPL's 0.36% yield.

PositionTTM20252024202320222021202020192018201720162015
AAPL
Apple Inc		0.36%0.38%0.40%0.49%0.70%0.49%0.61%1.04%1.79%1.45%1.93%1.93%
XAR
SPDR S&P Aerospace & Defense ETF		0.31%0.40%0.66%0.54%0.50%0.83%0.63%0.75%1.19%0.76%1.09%2.31%

Frequently Asked Questions

XAR and AAPL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XAR has higher volatility (11.46%) compared to AAPL (6.73%). In terms of maximum drawdown, XAR dropped -46.37% vs AAPL's -81.80%.

AAPL currently has the higher Sharpe Ratio (2.07 vs 1.50), 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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