XLF vs. BAC
Compare and contrast key facts about Financial Select Sector SPDR Fund (XLF) and Bank of America Corporation (BAC).
XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLF or BAC.
Key characteristics
| XLF | BAC | |
|---|---|---|
| YTD Return | 7.74% | 10.69% |
| 1Y Return | 24.18% | 31.49% |
| 3Y Return (Ann) | 5.61% | -0.53% |
| 5Y Return (Ann) | 9.96% | 6.56% |
| 10Y Return (Ann) | 13.09% | 11.47% |
| Sharpe Ratio | 1.86 | 1.25 |
| Daily Std Dev | 12.82% | 24.32% |
| Max Drawdown | -82.43% | -93.45% |
| Current Drawdown | -4.18% | -20.36% |
Correlation
The correlation between XLF and BAC is 0.83, 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.
Performance
XLF vs. BAC - Performance Comparison
In the year-to-date period, XLF achieves a 7.74% return, which is significantly lower than BAC's 10.69% return. Over the past 10 years, XLF has outperformed BAC with an annualized return of 13.09%, while BAC has yielded a comparatively lower 11.47% 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
XLF vs. BAC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Financial Select Sector SPDR Fund (XLF) and Bank of America Corporation (BAC). 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
XLF vs. BAC - Dividend Comparison
XLF's dividend yield for the trailing twelve months is around 1.59%, less than BAC's 2.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLF Financial Select Sector SPDR Fund | 1.59% | 1.71% | 2.04% | 1.63% | 2.03% | 1.87% | 2.08% | 1.48% | 1.63% | 2.40% | 1.98% | 1.81% |
BAC Bank of America Corporation | 2.54% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% | 0.26% |
Drawdowns
XLF vs. BAC - Drawdown Comparison
The maximum XLF drawdown since its inception was -82.43%, smaller than the maximum BAC drawdown of -93.45%. Use the drawdown chart below to compare losses from any high point for XLF and BAC. For additional features, visit the drawdowns tool.
Volatility
XLF vs. BAC - Volatility Comparison
The current volatility for Financial Select Sector SPDR Fund (XLF) is 3.68%, while Bank of America Corporation (BAC) has a volatility of 7.62%. This indicates that XLF experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.