XLC vs. DARP

Last updated Jun 4, 2026

XLC (Communication Services Select Sector SPDR Fund) and DARP (Grizzle Growth ETF) are both Large Cap Growth Equities funds. XLC is passively managed, while DARP is actively managed. Over the past year, XLC returned 11.67% vs 82.62% for DARP. A 0.57 correlation means they provide meaningful diversification when combined. XLC charges 0.13%/yr vs 0.75%/yr for DARP.

Performance

XLC vs. DARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Communication Services Select Sector SPDR Fund (XLC) and Grizzle Growth ETF (DARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLC achieves a -4.49% return, which is significantly lower than DARP's 32.67% return.

XLC

• 1D: -1.31%
• 1M: -3.46%
• YTD: -4.49%
• 6M: -2.02%
• 1Y: 11.67%
• 3Y*: 22.40%
• 5Y*: 8.28%
• 10Y*: —

DARP

• 1D: -0.76%
• 1M: 8.18%
• YTD: 32.67%
• 6M: 34.22%
• 1Y: 82.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLC vs. DARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLC Communication Services Select Sector SPDR Fund	-4.49%	23.08%	34.71%	10.33%
DARP Grizzle Growth ETF	32.67%	40.19%	24.63%	6.25%

Correlation

The correlation between XLC and DARP is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 29, 2023	0.57

Over the past year, the correlation between XLC and DARP has dropped to 0.36 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

XLC vs. DARP - Sectors Allocation Comparison

Sectors	XLC	DARP
Communication Services	95.1%	19.4%
Technology	4.7%	45.8%
Basic Materials	-	4.7%
Consumer Cyclical	-	6.6%
Consumer Defensive	-	-
Energy	-	9.9%
Financial Services	-	-
Healthcare	-	1.4%
Industrials	-	12.0%
Real Estate	-	-
Utilities	-	5.4%

Return for Risk

XLC vs. DARP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLC

XLC Risk / Return Rank: 24
XLC Sharpe Ratio Rank: 24
XLC Sortino Ratio Rank: 25
XLC Omega Ratio Rank: 22
XLC Calmar Ratio Rank: 23
XLC Martin Ratio Rank: 26

DARP

DARP Risk / Return Rank: 91
DARP Sharpe Ratio Rank: 94
DARP Sortino Ratio Rank: 88
DARP Omega Ratio Rank: 87
DARP Calmar Ratio Rank: 93
DARP Martin Ratio Rank: 94

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.

XLC vs. DARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Communication Services Select Sector SPDR Fund (XLC) and Grizzle Growth ETF (DARP). 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.

	XLC	DARP	Difference
Sharpe ratio: Return per unit of total volatility	0.88	3.59	-2.71
Sortino ratio: Return per unit of downside risk	1.36	4.03	-2.68
Omega ratio: Gain probability vs. loss probability	1.15	1.54	-0.39
Calmar ratio: Return relative to maximum drawdown	1.11	7.03	-5.92
Martin ratio: Return relative to average drawdown	3.72	26.75	-23.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLC vs. DARP - Sharpe Ratio Comparison

The current XLC Sharpe Ratio is 0.88, which is lower than the DARP Sharpe Ratio of 3.59. The chart below compares the historical Sharpe Ratios of XLC and DARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XLC	DARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	3.59	-2.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.49	-0.96

Drawdowns

XLC vs. DARP - Drawdown Comparison

The maximum XLC drawdown since its inception was -46.65%, which is greater than DARP's maximum drawdown of -30.27%. Use the drawdown chart below to compare losses from any high point for XLC and DARP.

Drawdown Indicators

	XLC	DARP	Difference
Max Drawdown Largest peak-to-trough decline	-46.65%	-30.27%	-16.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-11.82%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-17.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.65%	—	—
Current Drawdown Current decline from peak	-6.36%	-0.76%	-5.60%
Average Drawdown Average peak-to-trough decline	-10.60%	-4.64%	-5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.10%	+0.04%

Volatility

XLC vs. DARP - Volatility Comparison

The current volatility for Communication Services Select Sector SPDR Fund (XLC) is 3.67%, while Grizzle Growth ETF (DARP) has a volatility of 7.07%. This indicates that XLC experiences smaller price fluctuations and is considered to be less risky than DARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLC	DARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	7.07%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	17.49%	-7.92%
Volatility (1Y) Calculated over the trailing 1-year period	13.26%	23.16%	-9.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	26.11%	-5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.20%	26.11%	-3.91%

XLC vs. DARP - Expense Ratio Comparison

XLC has a 0.13% expense ratio, which is lower than DARP's 0.75% expense ratio.

Dividends

XLC vs. DARP - Dividend Comparison

XLC's dividend yield for the trailing twelve months is around 1.25%, more than DARP's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DARP Grizzle Growth ETF	0.33%	0.43%	1.93%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%
XLC Communication Services Select Sector SPDR Fund	1.25%	1.13%	0.99%	0.82%	1.10%	0.74%	0.68%	0.82%	0.64%

Frequently Asked Questions

Can I hold both XLC and DARP in my portfolio?

XLC and DARP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLC or DARP?

DARP has higher volatility (7.07%) compared to XLC (3.67%). In terms of maximum drawdown, XLC dropped -46.65% vs DARP's -30.27%.

Which ETF is better, XLC or DARP?

On 1-year performance, DARP leads with 82.62% vs 11.67% for XLC. On fees, XLC is cheaper at 0.13% per year. On volatility, XLC has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLC or DARP?

Over the 1-year period, DARP has performed better with a 82.62% return vs 11.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLC or DARP?

XLC is cheaper with a 0.13% expense ratio, compared with 0.75% for DARP.

Which ETF pays a higher dividend yield, XLC or DARP?

XLC has the higher dividend yield at 1.25%, compared with 0.33% for DARP.

What is the main difference between XLC and DARP?

They also come from different issuers: State Street and Grizzle. Their fees differ too: 0.13% for XLC and 0.75% for DARP.

Which has better risk-adjusted returns?

DARP currently has the higher Sharpe Ratio (3.59 vs 0.88), 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.