XLF vs. SPY
Compare and contrast key facts about Financial Select Sector SPDR Fund (XLF) and SPDR S&P 500 ETF (SPY).
XLF and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 XLF 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: XLF or SPY.
Performance
XLF vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, XLF achieves a 34.14% return, which is significantly higher than SPY's 24.40% return. Over the past 10 years, XLF has underperformed SPY with an annualized return of 11.94%, while SPY has yielded a comparatively higher 13.04% annualized return.
XLF
34.14%
5.03%
18.26%
45.53%
13.12%
11.94%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| XLF | SPY | |
|---|---|---|
| Sharpe Ratio | 3.35 | 2.64 |
| Sortino Ratio | 4.71 | 3.53 |
| Omega Ratio | 1.61 | 1.49 |
| Calmar Ratio | 3.56 | 3.81 |
| Martin Ratio | 23.90 | 17.21 |
| Ulcer Index | 1.93% | 1.86% |
| Daily Std Dev | 13.75% | 12.15% |
| Max Drawdown | -82.69% | -55.19% |
| Current Drawdown | -0.04% | -2.17% |
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XLF vs. SPY - Expense Ratio Comparison
XLF has a 0.13% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between XLF and SPY is 0.81, 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
XLF vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Financial Select Sector SPDR Fund (XLF) 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
XLF vs. SPY - Dividend Comparison
XLF's dividend yield for the trailing twelve months is around 1.33%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLF Financial Select Sector SPDR Fund | 1.33% | 1.71% | 2.04% | 1.63% | 2.03% | 1.86% | 2.09% | 1.48% | 1.63% | 1.95% | 1.61% | 1.47% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XLF vs. SPY - Drawdown Comparison
The maximum XLF drawdown since its inception was -82.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XLF and SPY. For additional features, visit the drawdowns tool.
Volatility
XLF vs. SPY - Volatility Comparison
Financial Select Sector SPDR Fund (XLF) has a higher volatility of 7.04% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that XLF'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.