XLU vs. KCSH
XLU (State Street Utilities Select Sector SPDR ETF) and KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) are both exchange-traded funds - XLU is a Utilities Equities fund tracking the Utilities Select Sector Index, while KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. Both are passively managed. Over the past year, XLU returned 9.88% vs 4.06% for KCSH. At a 0.00 correlation, their price movements are largely independent. XLU charges 0.08%/yr vs 0.20%/yr for KCSH.
Performance
XLU vs. KCSH - Performance Comparison
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Returns By Period
In the year-to-date period, XLU achieves a 3.55% return, which is significantly higher than KCSH's 1.47% return.
XLU
- 1D
- 1.86%
- 1M
- -5.69%
- YTD
- 3.55%
- 6M
- 1.36%
- 1Y
- 9.88%
- 3Y*
- 13.91%
- 5Y*
- 9.31%
- 10Y*
- 9.19%
KCSH
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.47%
- 6M
- 1.83%
- 1Y
- 4.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLU vs. KCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XLU State Street Utilities Select Sector SPDR ETF | 3.55% | 16.03% | 7.96% |
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.47% | 4.49% | 1.94% |
Correlation
The correlation between XLU and KCSH is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2024 | 0.00 |
The correlation between XLU and KCSH shifts across timeframes, from -0.12 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XLU vs. KCSH — Risk / Return Rank
XLU
KCSH
XLU vs. KCSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Utilities Select Sector SPDR ETF (XLU) and KraneShares Sustainable Ultra Short Duration Index ETF (KCSH). 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.
| XLU | KCSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 3.30 | -2.62 |
Sortino ratioReturn per unit of downside risk | 1.01 | 4.65 | -3.64 |
Omega ratioGain probability vs. loss probability | 1.13 | 2.16 | -1.03 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 6.97 | -5.86 |
Martin ratioReturn relative to average drawdown | 2.52 | 58.96 | -56.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLU | KCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 3.30 | -2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 3.26 | -2.86 |
Drawdowns
XLU vs. KCSH - Drawdown Comparison
The maximum XLU drawdown since its inception was -51.98%, which is greater than KCSH's maximum drawdown of -0.58%. Use the drawdown chart below to compare losses from any high point for XLU and KCSH.
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Drawdown Indicators
| XLU | KCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.98% | -0.58% | -51.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.18% | -0.58% | -8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | — | — |
Current DrawdownCurrent decline from peak | -7.38% | 0.00% | -7.38% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -0.03% | -10.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 0.07% | +4.00% |
Volatility
XLU vs. KCSH - Volatility Comparison
State Street Utilities Select Sector SPDR ETF (XLU) has a higher volatility of 5.41% compared to KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) at 0.07%. This indicates that XLU's price experiences larger fluctuations and is considered to be riskier than KCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLU | KCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 0.07% | +5.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 0.83% | +10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.56% | 1.24% | +13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 1.33% | +15.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 1.33% | +17.93% |
XLU vs. KCSH - Expense Ratio Comparison
XLU has a 0.08% expense ratio, which is lower than KCSH's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLU vs. KCSH - Dividend Comparison
XLU's dividend yield for the trailing twelve months is around 2.71%, less than KCSH's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.97% | 4.35% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLU State Street Utilities Select Sector SPDR ETF | 2.71% | 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 KCSH have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLU has higher volatility (5.41%) compared to KCSH (0.07%). In terms of maximum drawdown, XLU dropped -51.98% vs KCSH's -0.58%.
On 1-year performance, XLU leads with 9.88% vs 4.06% for KCSH. On fees, XLU is cheaper at 0.08% per year. On volatility, KCSH has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLU has performed better with a 9.88% return vs 4.06%. 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 0.20% for KCSH.
KCSH has the higher dividend yield at 3.97%, compared with 2.71% for XLU.
XLU is categorized as Utilities Equities, while KCSH is Ultrashort Bond. XLU tracks Utilities Select Sector Index, while KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. They also come from different issuers: State Street and KraneShares. Their fees differ too: 0.08% for XLU and 0.20% for KCSH.
KCSH currently has the higher Sharpe Ratio (3.30 vs 0.68), 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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