XHB vs. SPY
Compare and contrast key facts about SPDR S&P Homebuilders ETF (XHB) and SPDR S&P 500 ETF (SPY).
XHB and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHB is a passively managed fund by State Street that tracks the performance of the S&P Homebuilders Select Industry Index. It was launched on Jan 31, 2006. 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. Both XHB and SPY 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: XHB or SPY.
Performance
XHB vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, XHB achieves a 22.33% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, XHB has outperformed SPY with an annualized return of 14.34%, while SPY has yielded a comparatively lower 13.07% annualized return.
XHB
22.33%
-4.16%
11.59%
43.33%
21.95%
14.34%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| XHB | SPY | |
|---|---|---|
| Sharpe Ratio | 1.71 | 2.62 |
| Sortino Ratio | 2.45 | 3.50 |
| Omega Ratio | 1.30 | 1.49 |
| Calmar Ratio | 3.48 | 3.78 |
| Martin Ratio | 8.39 | 17.00 |
| Ulcer Index | 5.01% | 1.87% |
| Daily Std Dev | 24.51% | 12.14% |
| Max Drawdown | -81.61% | -55.19% |
| Current Drawdown | -7.16% | -1.38% |
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XHB vs. SPY - Expense Ratio Comparison
XHB has a 0.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between XHB and SPY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
XHB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Homebuilders ETF (XHB) 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
XHB vs. SPY - Dividend Comparison
XHB's dividend yield for the trailing twelve months is around 0.54%, less than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHB SPDR S&P Homebuilders ETF | 0.54% | 0.77% | 1.06% | 0.50% | 0.73% | 0.89% | 1.25% | 0.71% | 0.67% | 0.50% | 0.78% | 0.29% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XHB vs. SPY - Drawdown Comparison
The maximum XHB drawdown since its inception was -81.61%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XHB and SPY. For additional features, visit the drawdowns tool.
Volatility
XHB vs. SPY - Volatility Comparison
SPDR S&P Homebuilders ETF (XHB) has a higher volatility of 5.20% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that XHB'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.