XLF vs. BTC-USD
XLF (State Street Financial Select Sector SPDR ETF) is Financials Equities fund tracking the Financial Select Sector Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, XLF returned 12.79%/yr vs 59.68%/yr for BTC-USD. At a 0.09 correlation, their price movements are largely independent.
Performance
XLF vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XLF achieves a -4.62% return, which is significantly higher than BTC-USD's -28.54% return. Over the past 10 years, XLF has underperformed BTC-USD with an annualized return of 12.79%, while BTC-USD has yielded a comparatively higher 59.68% annualized return.
XLF
- 1D
- -0.63%
- 1M
- 1.42%
- YTD
- -4.62%
- 6M
- -1.98%
- 1Y
- 2.91%
- 3Y*
- 18.06%
- 5Y*
- 8.47%
- 10Y*
- 12.79%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
XLF vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLF State Street Financial Select Sector SPDR ETF | -4.62% | 14.90% | 30.56% | 12.03% | -10.59% | 34.80% | -1.74% | 31.88% | -13.06% | 22.00% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between XLF and BTC-USD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.09 |
The correlation between XLF and BTC-USD shifts across timeframes, from 0.09 (all time) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLF vs. BTC-USD — Risk / Return Rank
XLF
BTC-USD
XLF vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Financial Select Sector SPDR ETF (XLF) and Bitcoin (BTC-USD). 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.
| XLF | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.86 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | -0.80 | +1.00 |
| Martin ratioReturn relative to average drawdown | 0.51 | -1.42 | +1.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLF | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | -0.95 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.20 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.87 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 1.13 | -0.93 |
Drawdowns
XLF vs. BTC-USD - Drawdown Comparison
The maximum XLF drawdown since its inception was -82.69%, roughly equal to the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XLF and BTC-USD.
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Drawdown Indicators
| XLF | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.69% | -85.30% | +2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -51.21% | +36.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -51.21% | +35.67% |
Max Drawdown (5Y)Largest decline over 5 years | -25.81% | -76.67% | +50.86% |
Max Drawdown (10Y)Largest decline over 10 years | -42.86% | -83.80% | +40.94% |
Current DrawdownCurrent decline from peak | -7.38% | -49.86% | +42.48% |
Average DrawdownAverage peak-to-trough decline | -20.02% | -42.32% | +22.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 34.46% | -28.75% |
Volatility
XLF vs. BTC-USD - Volatility Comparison
The current volatility for State Street Financial Select Sector SPDR ETF (XLF) is 4.20%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that XLF experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLF | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 11.59% | -7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 34.53% | -23.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.61% | 35.67% | -21.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.66% | 44.95% | -26.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.18% | 56.71% | -34.53% |
Frequently Asked Questions
XLF and BTC-USD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (11.59%) compared to XLF (4.20%). In terms of maximum drawdown, XLF dropped -82.69% vs BTC-USD's -85.30%.
XLF currently has the higher Sharpe Ratio (0.20 vs -0.95), 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.
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