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XAR vs. NRIM
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.4

Performance

XAR vs. NRIM - Performance Comparison

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

300.00%400.00%500.00%600.00%700.00%JulyAugustSeptemberOctoberNovemberDecember
669.93%
519.75%
XAR
NRIM

Key characteristics

Sharpe Ratio

XAR:

1.50

NRIM:

0.90

Sortino Ratio

XAR:

2.06

NRIM:

1.57

Omega Ratio

XAR:

1.26

NRIM:

1.18

Calmar Ratio

XAR:

3.34

NRIM:

1.56

Martin Ratio

XAR:

8.92

NRIM:

3.27

Ulcer Index

XAR:

3.01%

NRIM:

11.28%

Daily Std Dev

XAR:

17.87%

NRIM:

40.81%

Max Drawdown

XAR:

-46.37%

NRIM:

-74.58%

Current Drawdown

XAR:

-5.76%

NRIM:

-12.90%

Returns By Period

In the year-to-date period, XAR achieves a 23.29% return, which is significantly lower than NRIM's 39.26% return. Over the past 10 years, XAR has underperformed NRIM with an annualized return of 12.82%, while NRIM has yielded a comparatively higher 15.30% annualized return.


XAR

YTD

23.29%

1M

-2.24%

6M

17.32%

1Y

23.19%

5Y*

9.29%

10Y*

12.82%

NRIM

YTD

39.26%

1M

-5.77%

6M

42.56%

1Y

35.49%

5Y*

19.26%

10Y*

15.30%

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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.


Sharpe ratio
The chart of Sharpe ratio for XAR, currently valued at 1.50, compared to the broader market0.002.004.001.500.90
The chart of Sortino ratio for XAR, currently valued at 2.06, compared to the broader market-2.000.002.004.006.008.0010.002.061.57
The chart of Omega ratio for XAR, currently valued at 1.26, compared to the broader market0.501.001.502.002.503.001.261.18
The chart of Calmar ratio for XAR, currently valued at 3.34, compared to the broader market0.005.0010.0015.003.341.56
The chart of Martin ratio for XAR, currently valued at 8.92, compared to the broader market0.0020.0040.0060.0080.00100.008.923.27
XAR
NRIM

The current XAR Sharpe Ratio is 1.50, which is higher than the NRIM Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of XAR and NRIM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
1.50
0.90
XAR
NRIM

Dividends

XAR vs. NRIM - Dividend Comparison

XAR's dividend yield for the trailing twelve months is around 0.32%, less than NRIM's 3.22% yield.


TTM20232022202120202019201820172016201520142013
XAR
SPDR S&P Aerospace & Defense ETF
0.32%0.54%0.50%0.83%0.63%0.75%1.19%0.76%1.10%2.31%1.07%1.96%
NRIM
Northrim BanCorp, Inc.
3.22%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 -74.58%. Use the drawdown chart below to compare losses from any high point for XAR and NRIM. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.76%
-12.90%
XAR
NRIM

Volatility

XAR vs. NRIM - Volatility Comparison

The current volatility for SPDR S&P Aerospace & Defense ETF (XAR) is 7.27%, while Northrim BanCorp, Inc. (NRIM) has a volatility of 11.04%. 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.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
7.27%
11.04%
XAR
NRIM
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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