XTL vs. PPT
XTL (SPDR S&P Telecom ETF) and PPT (Putnam Premier Income Trust) are both funds - XTL is a Communications Equities fund tracking the S&P Telecom Select Industry Index, while PPT is a Multisector Bonds fund actively managed by Putnam Investments. XTL is passively managed, while PPT is actively managed. Over the past 10 years, XTL returned 16.10%/yr vs 4.80%/yr for PPT. At a 0.23 correlation, their price movements are largely independent.
Performance
XTL vs. PPT - Performance Comparison
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Returns By Period
In the year-to-date period, XTL achieves a 51.46% return, which is significantly higher than PPT's 1.40% return. Over the past 10 years, XTL has outperformed PPT with an annualized return of 16.10%, while PPT has yielded a comparatively lower 4.80% annualized return.
XTL
- 1D
- 0.12%
- 1M
- 2.37%
- YTD
- 51.46%
- 6M
- 55.42%
- 1Y
- 120.69%
- 3Y*
- 45.66%
- 5Y*
- 19.06%
- 10Y*
- 16.10%
PPT
- 1D
- 0.58%
- 1M
- 1.05%
- YTD
- 1.40%
- 6M
- 2.27%
- 1Y
- 2.83%
- 3Y*
- 8.11%
- 5Y*
- 2.05%
- 10Y*
- 4.80%
XTL vs. PPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XTL SPDR S&P Telecom ETF | 51.46% | 44.95% | 34.89% | -1.17% | -19.18% | 21.58% | 22.46% | 12.51% | -6.60% | 0.56% |
PPT Putnam Premier Income Trust | 1.40% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
Correlation
The correlation between XTL and PPT 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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2011 | 0.23 |
The correlation between XTL and PPT shifts across timeframes, from 0.15 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XTL vs. PPT — Risk / Return Rank
XTL
PPT
XTL vs. PPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Telecom ETF (XTL) and Putnam Premier Income Trust (PPT). 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.
| XTL | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.74 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.06 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 8.26 | 0.56 | +7.70 |
| Martin ratioReturn relative to average drawdown | 34.62 | 1.30 | +33.32 |
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Drawdowns
XTL vs. PPT - Drawdown Comparison
The maximum XTL drawdown since its inception was -37.01%, smaller than the maximum PPT drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for XTL and PPT.
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Drawdown Indicators
| XTL | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.01% | -49.76% | +12.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -5.05% | -9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -9.10% | -13.69% |
Max Drawdown (5Y)Largest decline over 5 years | -37.01% | -18.92% | -18.09% |
Max Drawdown (10Y)Largest decline over 10 years | -37.01% | -31.79% | -5.22% |
Current DrawdownCurrent decline from peak | -6.61% | -3.06% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -9.76% | -11.23% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.18% | +1.32% |
Volatility
XTL vs. PPT - Volatility Comparison
SPDR S&P Telecom ETF (XTL) has a higher volatility of 11.24% compared to Putnam Premier Income Trust (PPT) at 2.25%. This indicates that XTL's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTL | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 2.25% | +8.99% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 7.02% | +17.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.10% | 9.37% | +20.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.35% | 11.95% | +13.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 14.45% | +9.22% |
Dividends
XTL vs. PPT - Dividend Comparison
XTL's dividend yield for the trailing twelve months is around 0.86%, less than PPT's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 9.02% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
XTL SPDR S&P Telecom ETF | 0.86% | 1.05% | 0.62% | 0.80% | 0.74% | 1.25% | 0.88% | 0.92% | 1.90% | 2.08% | 1.11% | 1.38% |
Frequently Asked Questions
XTL and PPT 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.
XTL has higher volatility (11.24%) compared to PPT (2.25%). In terms of maximum drawdown, XTL dropped -37.01% vs PPT's -49.76%.
XTL currently has the higher Sharpe Ratio (4.04 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.
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