XAR vs SPY
Comparison between STATE STREET(R) SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF (XAR, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceXAR has outperformed SPY, delivering a return of +15.9% compared to +13.0%
XAR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XAR
$6.50B
Winner
SPY
$784B
Expense Ratio
XAR
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
XAR
46.72%
SPY
56.47%
Sharpe Ratio
XAR
1.19
Winner
SPY
1.54
5Y Beta
XAR
1.09
Winner
SPY
1.00
P/E Ratio
XAR
210.49
Winner
SPY
27.62
Forward P/E
XAR
31.02
Winner
SPY
21.11
5Y Dividends CAGR
XAR
-2.20%
Winner
SPY
6.00%
5Y EPS CAGR
XAR
15.66%
Winner
SPY
25.30%
Debt to Equity
XAR
75.42%
Winner
SPY
31.11%
P/S Ratio
XAR
3.52
Winner
SPY
3.49
P/B Ratio
Winner
XAR
5.14
SPY
5.30
XAR vs SPY - Holdings Comparison
XAR and SPY have 13 common holdings. Overlap is 2.13%
XAR's top 25 holdings weight is 76.44%. SPY's top 25 holdings weight is 51.24%.
| Rank | XAR | SPY |
|---|---|---|
| #1 | ROCKET LAB CORP (RKLB) - 5.17% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | CARPENTER TECHNOLOGY CORP (CRS) - 3.60% | APPLE INC (AAPL) - 6.81% |
| #3 | ATI INC (ATI) - 3.42% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | MOOG INC CLASS A (MOG-A) - 3.29% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | HEICO CORP (HEI) - 3.26% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | ARCHER AVIATION INC CLASS A (ACHR) - 3.16% | BROADCOM INC (AVGO) - 2.77% |
| #7 | CURTISS-WRIGHT CORP (CW) - 3.14% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | HEXCEL CORP (HXL) - 3.14% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | BOEING CO (BA) - 3.07% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | MERCURY SYSTEMS INC (MRCY) - 3.07% | TESLA INC (TSLA) - 1.76% |
| #11 | HOWMET AEROSPACE INC (HWM) - 3.00% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | TRANSDIGM GROUP INC (TDG) - 2.99% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | AEROVIRONMENT INC (AVAV) - 2.97% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | INTUITIVE MACHINES INC ORDINARY SHARES CLASS A (LUNR) - 2.97% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | GE AEROSPACE (GE) - 2.95% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | TEXTRON INC (TXT) - 2.95% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | GENERAL DYNAMICS CORP (GD) - 2.88% | VISA INC CLASS A (V) - 0.87% |
| #18 | BWX TECHNOLOGIES INC (BWXT) - 2.88% | INTEL CORP (INTC) - 0.85% |
| #19 | AXON ENTERPRISE INC (AXON) - 2.86% | WALMART INC (WMT) - 0.82% |
| #20 | FTAI AVIATION LTD (FTAI) - 2.85% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | WOODWARD INC (WWD) - 2.69% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | STANDARDAERO INC (SARO) - 2.65% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | L3HARRIS TECHNOLOGIES INC (LHX) - 2.55% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | RTX CORP (RTX) - 2.54% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | VSE CORP (VSEC) - 2.39% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 42 | 505 |
XAR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
XAR
+0.48%
SPY
-1.41%
3M
XAR
+4.13%
Winner
SPY
+12.54%
6M
Winner
XAR
+8.80%
SPY
+6.77%
1Y
Winner
XAR
+36.06%
SPY
+22.18%
5Y(CAGR)
Winner
XAR
+15.85%
SPY
+13.04%
10Y(CAGR)
Winner
XAR
+18.31%
SPY
+15.54%
Max(CAGR)
Winner
XAR
+18.79%
SPY
+8.44%
XAR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XAR | SPY |
|---|---|---|
| 2026 | +8.86% | +7.90% |
| 2025 | +46.54% | +18.00% |
| 2024 | +25.05% | +25.59% |
| 2023 | +23.93% | +26.72% |
| 2022 | -5.79% | -18.64% |
| 2021 | +6.62% | +30.52% |
| 2020 | +3.64% | +17.28% |
| 2019 | +38.67% | +31.09% |
| 2018 | -4.76% | -5.24% |
| 2017 | +31.17% | +20.78% |
| 2016 | +22.76% | +13.59% |
| 2015 | +0.03% | +1.31% |
| 2014 | +12.84% | +14.56% |
| 2013 | +55.35% | +29.00% |
| 2012 | +13.14% | +14.17% |
| 2011 | +11.59% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
XAR vs SPY Drawdown Comparison
The maximum drawdown for XAR was -46.36%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current XAR drawdown is -6.88%. The current SPY drawdown is -3.22%.
| Rank | XAR | SPY |
|---|---|---|
| #1 | -46.36% Feb 12, 2020 - Jan 14, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -32.40% Jun 25, 2021 - Dec 19, 2023 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -25.92% Sep 18, 2018 - Jun 5, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.11% Apr 10, 2015 - Aug 5, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -19.73% Jan 23, 2025 - May 13, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.22% Jan 16, 2026 - Mar 30, 2026 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -12.93% Oct 27, 2025 - Jan 5, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.31% Mar 16, 2012 - Oct 5, 2012 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.05% Mar 4, 2014 - Nov 18, 2014 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.85% Apr 19, 2018 - Jun 8, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.75% Jan 29, 2018 - Mar 9, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.49% Oct 27, 2011 - Dec 23, 2011 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -8.07% Sep 17, 2019 - Nov 15, 2019 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.03% Nov 29, 2024 - Jan 21, 2025 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.50% Jan 20, 2021 - Feb 4, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between XAR and SPY is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (1999 - 2026)
XAR vs SPY dividend yield comparison.
| Year | XAR | SPY |
|---|---|---|
| 2026 | 0.06% | 0.50% |
| 2025 | 0.40% | 1.07% |
| 2024 | 0.66% | 1.21% |
| 2023 | 0.54% | 1.40% |
| 2022 | 0.50% | 1.65% |
| 2021 | 0.83% | 1.20% |
| 2020 | 0.63% | 1.52% |
| 2019 | 0.75% | 1.75% |
| 2018 | 1.19% | 2.04% |
| 2017 | 0.76% | 1.80% |
| 2016 | 1.09% | 2.03% |
| 2015 | 2.31% | 2.06% |
| 2014 | 1.07% | 1.87% |
| 2013 | 1.96% | 1.81% |
| 2012 | 1.75% | 2.18% |
| 2011 | 0.28% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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