XAR vs. NRIM
Compare and contrast key facts about SPDR S&P Aerospace & Defense ETF (XAR) and Northrim BanCorp, Inc. (NRIM).
XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XAR or NRIM.
Key characteristics
| XAR | NRIM | |
|---|---|---|
| YTD Return | -0.49% | -15.10% |
| 1Y Return | 20.63% | 22.87% |
| 3Y Return (Ann) | 2.19% | 9.50% |
| 5Y Return (Ann) | 7.68% | 11.25% |
| 10Y Return (Ann) | 11.76% | 11.04% |
| Sharpe Ratio | 1.11 | 0.52 |
| Daily Std Dev | 16.58% | 39.24% |
| Max Drawdown | -46.37% | -74.59% |
| Current Drawdown | -5.02% | -18.62% |
Correlation
The correlation between XAR and NRIM is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XAR vs. NRIM - Performance Comparison
In the year-to-date period, XAR achieves a -0.49% return, which is significantly higher than NRIM's -15.10% return. Over the past 10 years, XAR has outperformed NRIM with an annualized return of 11.76%, while NRIM has yielded a comparatively lower 11.04% 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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Risk-Adjusted Performance
XAR vs. NRIM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Aerospace & Defense ETF (XAR) and Northrim BanCorp, Inc. (NRIM). 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
XAR vs. NRIM - Dividend Comparison
XAR's dividend yield for the trailing twelve months is around 0.57%, less than NRIM's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAR SPDR S&P Aerospace & Defense ETF | 0.57% | 0.54% | 0.50% | 0.83% | 0.63% | 0.74% | 1.19% | 0.76% | 1.09% | 2.31% | 1.07% | 1.96% |
NRIM Northrim BanCorp, Inc. | 5.02% | 4.20% | 3.34% | 3.45% | 4.06% | 3.29% | 3.10% | 2.54% | 2.47% | 2.78% | 2.67% | 2.44% |
Drawdowns
XAR vs. NRIM - Drawdown Comparison
The maximum XAR drawdown since its inception was -46.37%, smaller than the maximum NRIM drawdown of -74.59%. Use the drawdown chart below to compare losses from any high point for XAR and NRIM. For additional features, visit the drawdowns tool.
Volatility
XAR vs. NRIM - Volatility Comparison
The current volatility for SPDR S&P Aerospace & Defense ETF (XAR) is 3.93%, while Northrim BanCorp, Inc. (NRIM) has a volatility of 10.11%. This indicates that XAR experiences smaller price fluctuations and is considered to be less risky than NRIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.