XLII vs. HVAC

Last updated Aug 2, 2026

XLII (State Street Industrial Select Sector SPDR Premium Income ETF) and HVAC (AdvisorShares HVAC and Industrials ETF) are both exchange-traded funds - XLII is a Derivative Income fund actively managed by State Street, while HVAC is a Industrials Equities fund actively managed by AdvisorShares. Both are actively managed. Over the past year, XLII returned 20.71% vs 16.45% for HVAC. Their 0.76 correlation means they have sometimes moved together and sometimes differently. XLII charges 0.35%/yr vs 1.00%/yr for HVAC.

Performance

XLII vs. HVAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Industrial Select Sector SPDR Premium Income ETF (XLII) and AdvisorShares HVAC and Industrials ETF (HVAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XLII achieves a 11.91% return, which is significantly lower than HVAC's 13.64% return.

XLII

• 1D: 0.96%
• 1M: -0.49%
• 6M: 8.98%
• YTD: 11.91%
• 1Y: 20.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.91%

HVAC

• 1D: 1.41%
• 1M: -8.00%
• 6M: 2.87%
• YTD: 13.64%
• 1Y: 16.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.42%

*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)
HVAC AdvisorShares HVAC and Industrials ETF	$307.98K	$326.35K	$430.75K
XLII State Street Industrial Select Sector SPDR Premium Income ETF	$449.50K	$324.22K	$213.70K

XLII vs. HVAC - Yearly Performance Comparison

	2026 (YTD)	2025
XLII State Street Industrial Select Sector SPDR Premium Income ETF	11.91%	6.30%
HVAC AdvisorShares HVAC and Industrials ETF	13.64%	2.59%

Correlation

The correlation between XLII and HVAC is 0.76, 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.	0.76
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.76

The correlation between XLII and HVAC has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.

XLII vs. HVAC - Sectors Allocation Comparison

Sectors	XLII	HVAC
Financial Services	100.8%	-
Industrials	93.8%	75.1%
Technology	5.9%	19.2%
Consumer Cyclical	0.3%	3.2%
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	2.5%
Utilities	-	5.0%

Return for Risk

XLII vs. HVAC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XLII

XLII Risk / Return Rank: 66
XLII Sharpe Ratio Rank: 69
XLII Sortino Ratio Rank: 68
XLII Omega Ratio Rank: 69
XLII Calmar Ratio Rank: 54
XLII Martin Ratio Rank: 70

HVAC

HVAC Risk / Return Rank: 23
HVAC Sharpe Ratio Rank: 22
HVAC Sortino Ratio Rank: 22
HVAC Omega Ratio Rank: 23
HVAC Calmar Ratio Rank: 22
HVAC Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XLII vs. HVAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Industrial Select Sector SPDR Premium Income ETF (XLII) and AdvisorShares HVAC and Industrials ETF (HVAC). 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.

	XLII	HVAC	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.46	+1.12
Sortino ratio: Return per unit of downside risk	2.26	0.83	+1.44
Omega ratio: Gain probability vs. loss probability	1.29	1.11	+0.19
Calmar ratio: Return relative to maximum drawdown	1.93	0.63	+1.30
Martin ratio: Return relative to average drawdown	8.68	2.46	+6.21

XLII vs. HVAC - Sharpe Ratio Comparison

The current XLII Sharpe Ratio is 1.59, which is higher than the HVAC Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of XLII and HVAC, 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

XLII vs. HVAC - Drawdown Comparison

The maximum XLII drawdown since its inception was -10.10%, smaller than the maximum HVAC drawdown of -24.72%. Use the drawdown chart below to compare losses from any high point for XLII and HVAC.

Drawdown Indicators

	XLII	HVAC	Difference
Max Drawdown Largest peak-to-trough decline	-10.10%	-24.72%	+14.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-24.72%	+14.62%
Current Drawdown Current decline from peak	-1.32%	-18.56%	+17.24%
Average Drawdown Average peak-to-trough decline	-1.28%	-4.62%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	6.31%	-4.07%

Volatility

XLII vs. HVAC - Volatility Comparison

The current volatility for State Street Industrial Select Sector SPDR Premium Income ETF (XLII) is 3.82%, while AdvisorShares HVAC and Industrials ETF (HVAC) has a volatility of 13.93%. This indicates that XLII experiences smaller price fluctuations and is considered to be less risky than HVAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLII	HVAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	13.93%	-10.11%
Volatility (6M) Calculated over the trailing 6-month period	10.44%	29.17%	-18.73%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	33.51%	-21.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.23%	32.38%	-20.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	32.38%	-20.15%

XLII vs. HVAC - Expense Ratio Comparison

XLII has a 0.35% expense ratio, which is lower than HVAC's 1.00% expense ratio.

Dividends

XLII vs. HVAC - Dividend Comparison

XLII's dividend yield for the trailing twelve months is around 12.08%, more than HVAC's 0.17% yield.

Position	TTM	2025
HVAC AdvisorShares HVAC and Industrials ETF	0.17%	0.19%
XLII State Street Industrial Select Sector SPDR Premium Income ETF	12.08%	5.47%

Frequently Asked Questions

Can I hold both XLII and HVAC in my portfolio?

XLII and HVAC have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XLII or HVAC?

HVAC has higher volatility (13.93%) compared to XLII (3.82%). In terms of maximum drawdown, XLII dropped -10.10% vs HVAC's -24.72%.

Which ETF is better, XLII or HVAC?

On 1-year performance, XLII leads with 20.71% vs 16.45% for HVAC. On fees, XLII is cheaper at 0.35% per year. On volatility, XLII has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XLII or HVAC?

Over the 1-year period, XLII has performed better with a 20.71% return vs 16.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XLII or HVAC?

XLII is cheaper with a 0.35% expense ratio, compared with 1.00% for HVAC.

Which ETF pays a higher dividend yield, XLII or HVAC?

XLII has the higher dividend yield at 12.08%, compared with 0.17% for HVAC.

What is the main difference between XLII and HVAC?

XLII is categorized as Derivative Income, while HVAC is Industrials Equities. They also come from different issuers: State Street and AdvisorShares. Their fees differ too: 0.35% for XLII and 1.00% for HVAC.

Which has better risk-adjusted returns?

XLII currently has the higher Sharpe Ratio (1.59 vs 0.46), 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.