XFLT vs. SPY
Compare and contrast key facts about XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XFLT or SPY.
Correlation
The correlation between XFLT and SPY is 0.25, 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
XFLT vs. SPY - Performance Comparison
Key characteristics
XFLT:
0.78
SPY:
2.21
XFLT:
1.09
SPY:
2.93
XFLT:
1.18
SPY:
1.41
XFLT:
0.93
SPY:
3.26
XFLT:
2.39
SPY:
14.43
XFLT:
3.85%
SPY:
1.90%
XFLT:
11.74%
SPY:
12.41%
XFLT:
-55.42%
SPY:
-55.19%
XFLT:
-6.35%
SPY:
-2.74%
Returns By Period
In the year-to-date period, XFLT achieves a 7.05% return, which is significantly lower than SPY's 25.54% return.
XFLT
7.05%
-2.96%
0.84%
8.12%
9.22%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
XFLT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) and SPDR S&P 500 ETF (SPY). 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
XFLT vs. SPY - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 15.29%, more than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 15.29% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XFLT vs. SPY - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.42%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XFLT and SPY. For additional features, visit the drawdowns tool.
Volatility
XFLT vs. SPY - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 7.23% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that XFLT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.