PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XLU vs. AIA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLU vs. AIA

Last updated Jun 14, 2026

XLU (State Street Utilities Select Sector SPDR ETF) and AIA (iShares Asia 50 ETF) are both exchange-traded funds - XLU is a Utilities Equities fund tracking the Utilities Select Sector Index, while AIA is a Asia Pacific Equities fund tracking the S&P Asia 50. Both are passively managed. Over the past 10 years, XLU returned 9.20%/yr vs 15.05%/yr for AIA. At a 0.30 correlation, their price movements are largely independent. XLU charges 0.08%/yr vs 0.50%/yr for AIA.

Performance

XLU vs. AIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Utilities Select Sector SPDR ETF (XLU) and iShares Asia 50 ETF (AIA). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XLU achieves a 5.04% return, which is significantly lower than AIA's 44.56% return. Over the past 10 years, XLU has underperformed AIA with an annualized return of 9.20%, while AIA has yielded a comparatively higher 15.05% annualized return.

XLU

1D
1.09%
1M
1.50%
YTD
5.04%
6M
5.48%
1Y
12.50%
3Y*
13.79%
5Y*
9.41%
10Y*
9.20%

AIA

1D
0.54%
1M
6.70%
YTD
44.56%
6M
50.54%
1Y
83.79%
3Y*
34.57%
5Y*
11.52%
10Y*
15.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLU vs. AIA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XLU
State Street Utilities Select Sector SPDR ETF		5.04%16.03%23.31%-7.18%1.44%17.70%0.51%25.93%3.94%12.05%
AIA
iShares Asia 50 ETF		44.56%47.79%20.26%4.32%-24.08%-10.91%33.73%22.21%-14.22%45.00%

Correlation

The correlation between XLU and AIA is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.15

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.16

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2007

0.30

The correlation between XLU and AIA shifts across timeframes, from 0.15 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

XLU vs. AIA - Sectors Allocation Comparison

Sectors
XLU
AIA

Utilities

100.0%

-

Basic Materials

-

-

Communication Services

-

7.4%

Consumer Cyclical

-

8.6%

Consumer Defensive

-

-

Energy

-

0.6%

Financial Services

-

16.4%

Healthcare

-

0.8%

Industrials

-

2.0%

Real Estate

-

0.5%

Technology

-

63.8%

Utilities

XLU
100.0%
AIA

-

Basic Materials

XLU

-

AIA

-

Communication Services

XLU

-

AIA
7.4%

Consumer Cyclical

XLU

-

AIA
8.6%

Consumer Defensive

XLU

-

AIA

-

Energy

XLU

-

AIA
0.6%

Financial Services

XLU

-

AIA
16.4%

Healthcare

XLU

-

AIA
0.8%

Industrials

XLU

-

AIA
2.0%

Real Estate

XLU

-

AIA
0.5%

Technology

XLU

-

AIA
63.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street Utilities Select Sector SPDR ETF

iShares Asia 50 ETF

Often compared with XLU:
XLU vs. VPUXLU vs. XLEXLU vs. XLPXLU vs. SPYXLU vs. FUTYXLU vs. UTESXLU vs. IDU
Often compared with AIA:
AIA vs. EEMAAIA vs. SPYAIA vs. VPLAIA vs. IOOAIA vs. GMFAIA vs. VWOAIA vs. IEMG

Return for Risk

XLU vs. AIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLU
XLU Risk / Return Rank: 2626
Overall Rank
XLU Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
XLU Sortino Ratio Rank: 2424
Sortino Ratio Rank
XLU Omega Ratio Rank: 2424
Omega Ratio Rank
XLU Calmar Ratio Rank: 3030
Calmar Ratio Rank
XLU Martin Ratio Rank: 2424
Martin Ratio Rank
AIA
AIA Risk / Return Rank: 9191
Overall Rank
AIA Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
AIA Sortino Ratio Rank: 8787
Sortino Ratio Rank
AIA Omega Ratio Rank: 8989
Omega Ratio Rank
AIA Calmar Ratio Rank: 9393
Calmar Ratio Rank
AIA Martin Ratio Rank: 9292
Martin Ratio Rank
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.

XLU vs. AIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Utilities Select Sector SPDR ETF (XLU) and iShares Asia 50 ETF (AIA). 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.

XLUAIADifference
Sharpe ratioReturn per unit of total volatility
0.81
2.89

-2.07

Sortino ratioReturn per unit of downside risk
1.18
3.41

-2.23

Omega ratioGain probability vs. loss probability

1.15

1.49

-0.35

Calmar ratioReturn relative to maximum drawdown

1.30

5.70

-4.40

Martin ratioReturn relative to average drawdown

2.80

19.76

-16.96

XLU vs. AIA - Sharpe Ratio Comparison

The current XLU Sharpe Ratio is 0.81, which is lower than the AIA Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of XLU and AIA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XLU vs. AIA - Drawdown Comparison

The maximum XLU drawdown since its inception was -51.98%, smaller than the maximum AIA drawdown of -60.89%. Use the drawdown chart below to compare losses from any high point for XLU and AIA.

Loading charts...

Drawdown Indicators

XLUAIADifference

Max Drawdown

Largest peak-to-trough decline

-51.98%

-60.89%

+8.91%

Max Drawdown (1Y)

Largest decline over 1 year

-9.18%

-14.15%

+4.97%

Max Drawdown (3Y)

Largest decline over 3 years

-17.26%

-21.64%

+4.38%

Max Drawdown (5Y)

Largest decline over 5 years

-25.26%

-50.11%

+24.85%

Max Drawdown (10Y)

Largest decline over 10 years

-36.07%

-54.64%

+18.57%

Current Drawdown

Current decline from peak

-6.05%

-6.44%

+0.39%

Average Drawdown

Average peak-to-trough decline

-10.22%

-16.66%

+6.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.25%

4.08%

+0.17%

Volatility

XLU vs. AIA - Volatility Comparison

The current volatility for State Street Utilities Select Sector SPDR ETF (XLU) is 5.59%, while iShares Asia 50 ETF (AIA) has a volatility of 14.34%. This indicates that XLU experiences smaller price fluctuations and is considered to be less risky than AIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XLUAIADifference

Volatility (1M)

Calculated over the trailing 1-month period

5.59%

14.34%

-8.75%

Volatility (6M)

Calculated over the trailing 6-month period

11.68%

24.49%

-12.81%

Volatility (1Y)

Calculated over the trailing 1-year period

14.66%

27.93%

-13.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.34%

25.96%

-8.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.27%

23.78%

-4.51%

XLU vs. AIA - Expense Ratio Comparison

XLU has a 0.08% expense ratio, which is lower than AIA's 0.50% expense ratio.

Dividends

XLU vs. AIA - Dividend Comparison

XLU's dividend yield for the trailing twelve months is around 2.67%, more than AIA's 1.73% yield.

PositionTTM20252024202320222021202020192018201720162015
AIA
iShares Asia 50 ETF		1.73%2.50%2.78%2.07%2.59%1.54%1.11%2.24%2.49%1.45%2.29%2.88%
XLU
State Street Utilities Select Sector SPDR ETF		2.67%2.71%2.96%3.39%2.92%2.79%3.14%2.95%3.33%3.33%3.41%3.67%

Frequently Asked Questions

XLU and AIA have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AIA has higher volatility (14.34%) compared to XLU (5.59%). In terms of maximum drawdown, XLU dropped -51.98% vs AIA's -60.89%.

On 10-year performance, AIA leads with 15.05% vs 9.20% for XLU. On fees, XLU is cheaper at 0.08% per year. On volatility, XLU has been the lower-risk option at 5.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, AIA has performed better with a 15.05% return vs 9.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XLU is cheaper with a 0.08% expense ratio, compared with 0.50% for AIA.

XLU has the higher dividend yield at 2.67%, compared with 1.73% for AIA.

XLU is categorized as Utilities Equities, while AIA is Asia Pacific Equities. XLU tracks Utilities Select Sector Index, while AIA tracks S&P Asia 50. They also come from different issuers: State Street and iShares. Their fees differ too: 0.08% for XLU and 0.50% for AIA.

AIA currently has the higher Sharpe Ratio (2.89 vs 0.81), 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.

Portfolio Optimizer

Find the right allocation for XLU and AIA

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer