XLU vs. FCFAX
XLU (State Street Utilities Select Sector SPDR ETF) and FCFAX (Frost Credit Fund) are both funds - XLU is a Utilities Equities fund tracking the Utilities Select Sector Index, while FCFAX is a Short-Term Bond fund managed by Frost Funds. Over the past 10 years, XLU returned 9.20%/yr vs 5.17%/yr for FCFAX. At a 0.21 correlation, their price movements are largely independent. XLU charges 0.08%/yr vs 0.96%/yr for FCFAX.
Performance
XLU vs. FCFAX - Performance Comparison
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Returns By Period
In the year-to-date period, XLU achieves a 5.04% return, which is significantly higher than FCFAX's 1.58% return. Over the past 10 years, XLU has outperformed FCFAX with an annualized return of 9.20%, while FCFAX has yielded a comparatively lower 5.17% annualized return.
XLU
- 1D
- 1.09%
- 1M
- -0.31%
- YTD
- 5.04%
- 6M
- 5.48%
- 1Y
- 11.85%
- 3Y*
- 13.79%
- 5Y*
- 9.41%
- 10Y*
- 9.20%
FCFAX
- 1D
- 0.33%
- 1M
- 0.72%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 4.56%
- 3Y*
- 7.23%
- 5Y*
- 3.79%
- 10Y*
- 5.17%
XLU vs. FCFAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
FCFAX Frost Credit Fund | 1.58% | 5.21% | 8.01% | 11.23% | -7.83% | 5.07% | 6.22% | 6.95% | 0.89% | 7.95% |
Correlation
The correlation between XLU and FCFAX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.21 |
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Return for Risk
XLU vs. FCFAX — Risk / Return Rank
XLU
FCFAX
XLU vs. FCFAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Utilities Select Sector SPDR ETF (XLU) and Frost Credit Fund (FCFAX). 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.
| XLU | FCFAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.65 | -1.35 |
| Martin ratioReturn relative to average drawdown | 2.80 | 9.89 | -7.09 |
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Drawdowns
XLU vs. FCFAX - Drawdown Comparison
The maximum XLU drawdown since its inception was -51.98%, which is greater than FCFAX's maximum drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for XLU and FCFAX.
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Drawdown Indicators
| XLU | FCFAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.98% | -16.33% | -35.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -1.82% | -7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -2.82% | -14.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | -10.49% | -14.77% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -16.33% | -19.74% |
Current DrawdownCurrent decline from peak | -6.05% | 0.00% | -6.05% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -1.53% | -8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 0.49% | +3.76% |
Volatility
XLU vs. FCFAX - Volatility Comparison
State Street Utilities Select Sector SPDR ETF (XLU) has a higher volatility of 5.59% compared to Frost Credit Fund (FCFAX) at 0.77%. This indicates that XLU's price experiences larger fluctuations and is considered to be riskier than FCFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLU | FCFAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 0.77% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 1.76% | +9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 2.27% | +12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 2.77% | +14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.27% | 3.24% | +16.03% |
XLU vs. FCFAX - Expense Ratio Comparison
XLU has a 0.08% expense ratio, which is lower than FCFAX's 0.96% expense ratio.
Dividends
XLU vs. FCFAX - Dividend Comparison
XLU's dividend yield for the trailing twelve months is around 2.67%, less than FCFAX's 6.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFAX Frost Credit Fund | 6.15% | 6.10% | 5.76% | 5.93% | 5.00% | 3.65% | 3.69% | 4.62% | 5.05% | 5.85% | 4.84% | 4.95% |
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 FCFAX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLU has higher volatility (5.59%) compared to FCFAX (0.77%). In terms of maximum drawdown, XLU dropped -51.98% vs FCFAX's -16.33%.
FCFAX currently has the higher Sharpe Ratio (2.13 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.
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