XLG vs. AMZN

Last updated Jul 26, 2026

XLG (Invesco S&P 500 Top 50 ETF) is S&P 500 fund tracking the S&P 500 Top 50 Index, while AMZN (Amazon.com, Inc) is a stock. Over the past 10 years, XLG returned 16.25%/yr vs 20.23%/yr for AMZN. Their 0.63 correlation means they have sometimes moved together and sometimes differently.

Performance

XLG vs. AMZN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Top 50 ETF (XLG) and Amazon.com, Inc (AMZN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLG achieves a 1.55% return, which is significantly higher than AMZN's 0.56% return. Over the past 10 years, XLG has underperformed AMZN with an annualized return of 16.25%, while AMZN has yielded a comparatively higher 20.23% annualized return.

XLG

• 1D: -0.22%
• 1M: 0.71%
• 6M: 2.67%
• YTD: 1.55%
• 1Y: 12.21%
• 3Y*: 19.71%
• 5Y*: 13.16%
• 10Y*: 16.25%
• ALL TIME*: 11.26%

AMZN

• 1D: -0.66%
• 1M: 2.25%
• 6M: -2.95%
• YTD: 0.56%
• 1Y: 0.29%
• 3Y*: 21.59%
• 5Y*: 4.89%
• 10Y*: 20.23%
• ALL TIME*: 29.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AMZN Amazon.com, Inc	$9.21B	$12.90B	$12.21B
XLG Invesco S&P 500 Top 50 ETF	$60.47M	$91.92M	$104.94M

XLG vs. AMZN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLG Invesco S&P 500 Top 50 ETF	1.55%	19.51%	33.49%	38.16%	-24.29%	30.77%	24.15%	32.04%	-3.59%	23.04%
AMZN Amazon.com, Inc	0.56%	5.21%	44.39%	80.88%	-49.62%	2.38%	76.26%	23.03%	28.43%	55.96%

Correlation

The correlation between XLG and AMZN is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since May 10, 2005	0.63

The correlation between XLG and AMZN shifts across timeframes, from 0.63 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

XLG vs. AMZN — Risk / Return Rank

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

XLG

XLG Risk / Return Rank: 34
XLG Sharpe Ratio Rank: 36
XLG Sortino Ratio Rank: 34
XLG Omega Ratio Rank: 34
XLG Calmar Ratio Rank: 31
XLG Martin Ratio Rank: 34

AMZN

AMZN Risk / Return Rank: 45
AMZN Sharpe Ratio Rank: 48
AMZN Sortino Ratio Rank: 42
AMZN Omega Ratio Rank: 42
AMZN Calmar Ratio Rank: 47
AMZN Martin Ratio Rank: 47

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.

XLG vs. AMZN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) and Amazon.com, Inc (AMZN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XLG	AMZN	Difference
Sharpe ratio: Return per unit of total volatility	0.88	-0.00	+0.88
Sortino ratio: Return per unit of downside risk	1.28	0.22	+1.06
Omega ratio: Gain probability vs. loss probability	1.16	1.03	+0.13
Calmar ratio: Return relative to maximum drawdown	1.02	-0.00	+1.02
Martin ratio: Return relative to average drawdown	3.29	-0.01	+3.30

XLG vs. AMZN - Sharpe Ratio Comparison

The current XLG Sharpe Ratio is 0.88, which is higher than the AMZN Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of XLG and AMZN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XLG vs. AMZN - Drawdown Comparison

The maximum XLG drawdown since its inception was -52.39%, smaller than the maximum AMZN drawdown of -94.40%. Use the drawdown chart below to compare losses from any high point for XLG and AMZN.

Drawdown Indicators

	XLG	AMZN	Difference
Max Drawdown Largest peak-to-trough decline	-52.39%	-94.40%	+42.01%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-21.74%	+9.33%
Max Drawdown (3Y) Largest decline over 3 years	-20.70%	-30.88%	+10.18%
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	-55.73%	+27.71%
Max Drawdown (10Y) Largest decline over 10 years	-30.46%	-56.15%	+25.69%
Current Drawdown Current decline from peak	-6.96%	-15.59%	+8.63%
Average Drawdown Average peak-to-trough decline	-7.62%	-28.13%	+20.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	10.06%	-6.22%

Volatility

XLG vs. AMZN - Volatility Comparison

The current volatility for Invesco S&P 500 Top 50 ETF (XLG) is 4.47%, while Amazon.com, Inc (AMZN) has a volatility of 8.77%. This indicates that XLG experiences smaller price fluctuations and is considered to be less risky than AMZN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLG	AMZN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	8.77%	-4.30%
Volatility (6M) Calculated over the trailing 6-month period	11.10%	22.18%	-11.08%
Volatility (1Y) Calculated over the trailing 1-year period	14.39%	31.47%	-17.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	35.75%	-16.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	32.63%	-13.74%

Dividends

XLG vs. AMZN - Dividend Comparison

XLG's dividend yield for the trailing twelve months is around 0.66%, while AMZN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLG Invesco S&P 500 Top 50 ETF	0.66%	0.64%	0.72%	0.97%	1.34%	0.94%	1.25%	1.58%	2.00%	1.85%	2.00%	2.09%

Frequently Asked Questions

Can I hold both XLG and AMZN in my portfolio?

XLG and AMZN have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLG or AMZN?

AMZN has higher volatility (8.77%) compared to XLG (4.47%). In terms of maximum drawdown, XLG dropped -52.39% vs AMZN's -94.40%.

Which has better risk-adjusted returns?

XLG currently has the higher Sharpe Ratio (0.88 vs -0.00), 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.