XSD vs. A

Last updated Jun 24, 2026

XSD (SPDR S&P Semiconductor ETF) is Semiconductors fund tracking the S&P Semiconductor Select Industry Index, while A (Agilent Technologies, Inc.) is a stock. Over the past 10 years, XSD returned 30.69%/yr vs 12.01%/yr for A. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

XSD vs. A - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Semiconductor ETF (XSD) and Agilent Technologies, Inc. (A). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSD achieves a 87.88% return, which is significantly higher than A's -6.53% return. Over the past 10 years, XSD has outperformed A with an annualized return of 30.69%, while A has yielded a comparatively lower 12.01% annualized return.

XSD

• 1D: -6.88%
• 1M: -0.01%
• YTD: 87.88%
• 6M: 83.00%
• 1Y: 147.65%
• 3Y*: 43.10%
• 5Y*: 26.73%
• 10Y*: 30.69%

A

• 1D: 0.14%
• 1M: 10.19%
• YTD: -6.53%
• 6M: -8.08%
• 1Y: 9.97%
• 3Y*: 2.76%
• 5Y*: -2.21%
• 10Y*: 12.01%

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

XSD vs. A - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSD SPDR S&P Semiconductor ETF	87.88%	29.85%	10.75%	34.87%	-30.92%	42.54%	61.95%	64.66%	-6.35%	25.21%
A Agilent Technologies, Inc.	-6.53%	1.92%	-2.70%	-6.42%	-5.52%	35.51%	39.79%	27.54%	1.67%	48.32%

Correlation

The correlation between XSD and A is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Feb 6, 2006	0.57

Over the past year, the correlation between XSD and A has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Return for Risk

XSD vs. A — Risk / Return Rank

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

XSD

XSD Risk / Return Rank: 92
XSD Sharpe Ratio Rank: 95
XSD Sortino Ratio Rank: 87
XSD Omega Ratio Rank: 87
XSD Calmar Ratio Rank: 96
XSD Martin Ratio Rank: 94

A

A Risk / Return Rank: 50
A Sharpe Ratio Rank: 53
A Sortino Ratio Rank: 50
A Omega Ratio Rank: 48
A Calmar Ratio Rank: 51
A Martin Ratio Rank: 50

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.

XSD vs. A - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) and Agilent Technologies, Inc. (A). 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.

	XSD	A	Difference
Sharpe ratio: Return per unit of total volatility	3.65	0.30	+3.34
Sortino ratio: Return per unit of downside risk	3.77	0.76	+3.01
Omega ratio: Gain probability vs. loss probability	1.51	1.09	+0.42
Calmar ratio: Return relative to maximum drawdown	7.98	0.34	+7.65
Martin ratio: Return relative to average drawdown	26.27	0.64	+25.63

XSD vs. A - Sharpe Ratio Comparison

The current XSD Sharpe Ratio is 3.65, which is higher than the A Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of XSD and A, 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

XSD vs. A - Drawdown Comparison

The maximum XSD drawdown since its inception was -64.56%, smaller than the maximum A drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for XSD and A.

Drawdown Indicators

	XSD	A	Difference
Max Drawdown Largest peak-to-trough decline	-64.56%	-93.18%	+28.62%
Max Drawdown (1Y) Largest decline over 1 year	-18.61%	-29.75%	+11.14%
Max Drawdown (3Y) Largest decline over 3 years	-41.25%	-35.32%	-5.93%
Max Drawdown (5Y) Largest decline over 5 years	-42.27%	-43.19%	+0.92%
Max Drawdown (10Y) Largest decline over 10 years	-42.27%	-43.19%	+0.92%
Current Drawdown Current decline from peak	-7.06%	-26.93%	+19.87%
Average Drawdown Average peak-to-trough decline	-13.72%	-57.22%	+43.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.64%	15.58%	-9.94%

Volatility

XSD vs. A - Volatility Comparison

SPDR S&P Semiconductor ETF (XSD) has a higher volatility of 22.76% compared to Agilent Technologies, Inc. (A) at 17.31%. This indicates that XSD's price experiences larger fluctuations and is considered to be riskier than A based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSD	A	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.76%	17.31%	+5.45%
Volatility (6M) Calculated over the trailing 6-month period	33.53%	25.14%	+8.39%
Volatility (1Y) Calculated over the trailing 1-year period	40.74%	33.03%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.20%	30.01%	+9.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.44%	28.15%	+7.29%

Dividends

XSD vs. A - Dividend Comparison

XSD's dividend yield for the trailing twelve months is around 0.13%, less than A's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
A Agilent Technologies, Inc.	0.79%	0.55%	0.71%	0.66%	0.71%	0.49%	0.46%	0.79%	0.91%	0.81%	1.05%	1.23%
XSD SPDR S&P Semiconductor ETF	0.13%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both XSD and A in my portfolio?

XSD and A have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSD or A?

XSD has higher volatility (22.76%) compared to A (17.31%). In terms of maximum drawdown, XSD dropped -64.56% vs A's -93.18%.

Which has better risk-adjusted returns?

XSD currently has the higher Sharpe Ratio (3.65 vs 0.30), 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.