XLSR vs QAI
Comparison between STATE STREET(R) US SECTOR ROTATION ETF (XLSR, ETF) and NYLI HEDGE MULTI-STRATEGY TRACKER ETF (QAI, ETF).
5-Year PerformanceXLSR has outperformed QAI, delivering a return of +9.5% compared to +4.5%
XLSR vs QAI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XLSR
$994M
Winner
QAI
$995M
Expense Ratio
Winner
XLSR
0.70%
QAI
0.88%
Max Drawdown
XLSR
32.94%
Winner
QAI
15.18%
Sharpe Ratio
XLSR
1.25
Winner
QAI
1.67
5Y Beta
XLSR
1.03
Winner
QAI
0.36
5Y Dividends CAGR
XLSR
-1.04%
Winner
QAI
-0.30%
XLSR vs QAI - Holdings Comparison
XLSR and QAI have 7 common holdings. Overlap is 0.40%
XLSR's top 25 holdings weight is 99.70%. QAI's top 25 holdings weight is 96.89%.
| Rank | XLSR | QAI |
|---|---|---|
| #1 | STATE STREET®TECHSELSECTSPDR®ETF (XLK) - 26.05% | ISHARES FLOATING RATE BOND ETF (FLOT) - 16.25% |
| #2 | STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 19.01% | VANGUARD SHORT-TERM TREASURY ETF (VGSH) - 13.93% |
| #3 | STATE STREET®CNSMRSTPSELSECTSPDR®ETF (XLP) - 7.68% | VANGUARD FTSE DEVELOPED MARKETS ETF (VEA) - 7.28% |
| #4 | STATE STREET®ENGYSELSECTSPDR®ETF (XLE) - 5.88% | FRANKLIN SENIOR LOAN ETF (FLBL) - 6.48% |
| #5 | ALPHABET INC CLASS A (GOOGL) - 5.82% | ISHARES CORE S&P SMALL-CAP ETF (IJR) - 5.12% |
| #6 | NVIDIA CORP (NVDA) - 4.79% | STATE STREET® SPDR® BLMBG INVGRDFLTRTETF (FLRN) - 4.89% |
| #7 | ALPHABET INC CLASS C (GOOG) - 4.49% | ISHARES MSCI EMERGING MKTS EX CHINA ETF (EMXC) - 4.39% |
| #8 | APPLE INC (AAPL) - 4.13% | ISHARES MSCI USA MOMENTUM FACTOR ETF (MTUM) - 3.99% |
| #9 | STATE STREET®HLTHCRSELSECTSPDR®ETF (XLV) - 3.72% | STATE STREET® SPDR® BLMBG CNVRT SECS ETF (CWB) - 3.64% |
| #10 | META PLATFORMS INC CLASS A (META) - 3.25% | ISHARES CONVERTIBLE BOND ETF (ICVT) - 3.21% |
| #11 | STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 2.97% | NYLI MERGER ARBITRAGE ETF (MNA) - 2.92% |
| #12 | STATE STREET® CNSMRDISCSELSECTSPDR®ETF (XLY) - 2.86% | JPMORGAN EQUITY PREMIUM INCOME ETF (JEPI) - 2.70% |
| #13 | MICROSOFT CORP (MSFT) - 2.83% | VANGUARD TAX-EXEMPT BOND ETF (VTEB) - 2.63% |
| #14 | BROADCOM INC (AVGO) - 1.95% | ISHARES NATIONAL MUNI BOND ETF (MUB) - 2.58% |
| #15 | NETFLIX INC (NFLX) - 0.80% | GLOBAL X US PREFERRED ETF (PFFD) - 2.55% |
| #16 | WALMART INC (WMT) - 0.61% | IMGP DBI MANAGED FUTURES STRATEGY ETF (DBMF) - 2.12% |
| #17 | AMAZON.COM INC (AMZN) - 0.49% | INVESCO DB AGRICULTURE (DBA) - 1.95% |
| #18 | COSTCO WHOLESALE CORP (COST) - 0.48% | VANGUARD MORTGAGE-BACKED SECS ETF (VMBS) - 1.86% |
| #19 | VERIZON COMMUNICATIONS INC (VZ) - 0.41% | INVESCO OPTM YD DVRS CDTY STRA NO K1 ETF (PDBC) - 1.57% |
| #20 | AT&T INC (T) - 0.35% | STATE STREET® COMMSERVSELSECTSPDR®ETF (XLC) - 1.53% |
| #21 | COCA-COLA CO (KO) - 0.28% | REC FLOT US LML (n/a) - 1.33% |
| #22 | EXXON MOBIL CORP (XOM) - 0.27% | SIMPLIFY MANAGED FUTURES STRATEGY ETF (CTA) - 1.23% |
| #23 | PROCTER & GAMBLE CO (PG) - 0.27% | ALTSHARES MERGER ARBITRAGE ETF (ARB) - 1.10% |
| #24 | PHILIP MORRIS INTERNATIONAL INC (PM) - 0.16% | ISHARES MSCI CHINA ETF (MCHI) - 0.88% |
| #25 | THE WALT DISNEY CO (DIS) - 0.15% | FRANKLIN FTSE INDIA ETF (FLIN) - 0.76% |
| Total Holdings | 31 | 76 |
XLSR vs QAI - Historical Returns
Returns include dividend reinvestment.
1M
XLSR
-2.30%
Winner
QAI
+0.61%
3M
Winner
XLSR
+9.28%
QAI
+6.69%
6M
XLSR
+1.98%
Winner
QAI
+8.10%
1Y
Winner
XLSR
+20.17%
QAI
+15.12%
5Y(CAGR)
Winner
XLSR
+9.50%
QAI
+4.50%
10Y(CAGR)
XLSR
N/A
QAI
+3.85%
Max(CAGR)
Winner
XLSR
+12.54%
QAI
+3.55%
XLSR vs QAI - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | XLSR | QAI |
|---|---|---|
| 2026 | +2.68% | +7.71% |
| 2025 | +17.68% | +8.05% |
| 2024 | +18.70% | +6.75% |
| 2023 | +19.47% | +10.07% |
| 2022 | -16.22% | -8.52% |
| 2021 | +22.13% | -0.29% |
| 2020 | +19.32% | +5.14% |
| 2019 | +14.13% | +8.57% |
| 2018 | N/A | -3.67% |
| 2017 | N/A | +6.14% |
| 2016 | N/A | +1.06% |
| 2015 | N/A | -2.46% |
| 2014 | N/A | +3.23% |
| 2013 | N/A | +4.89% |
| 2012 | N/A | +3.23% |
| 2011 | N/A | +0.11% |
| 2010 | N/A | +1.44% |
| 2009 | N/A | +8.60% |
XLSR vs QAI Drawdown Comparison
The maximum drawdown for XLSR was -32.94%, occurring on Mar 23, 2020. Recovery took 122 trading sessions.
The maximum drawdown for QAI was -14.95%, occurring on Oct 14, 2022. Recovery took 771 trading sessions.
The current XLSR drawdown is -4.05%. The current QAI drawdown is -1.20%.
| Rank | XLSR | QAI |
|---|---|---|
| #1 | -32.94% Feb 19, 2020 - Aug 12, 2020 | -14.95% Feb 17, 2021 - Mar 12, 2024 |
| #2 | -23.32% Jan 4, 2022 - Jan 19, 2024 | -14.11% Jan 17, 2020 - Aug 5, 2020 |
| #3 | -20.57% Feb 19, 2025 - Jul 24, 2025 | -7.78% Feb 18, 2025 - Jun 27, 2025 |
| #4 | -11.06% Dec 26, 2025 - Apr 30, 2026 | -7.67% Apr 16, 2015 - Oct 13, 2017 |
| #5 | -10.24% Jul 16, 2024 - Oct 9, 2024 | -7.20% May 13, 2013 - Dec 31, 2013 |
| #6 | -9.48% Sep 2, 2020 - Nov 13, 2020 | -6.59% Jan 26, 2018 - Oct 24, 2019 |
| #7 | -7.10% May 3, 2019 - Jun 20, 2019 | -6.46% Jan 6, 2010 - Sep 24, 2010 |
| #8 | -6.11% Feb 12, 2021 - Apr 5, 2021 | -4.67% Jul 3, 2014 - Feb 13, 2015 |
| #9 | -5.80% Sep 3, 2021 - Nov 3, 2021 | -4.54% Jul 10, 2012 - May 6, 2013 |
| #10 | -5.43% Mar 28, 2024 - May 15, 2024 | -4.16% Nov 4, 2010 - Apr 27, 2011 |
| #11 | -5.35% Dec 6, 2024 - Feb 13, 2025 | -3.71% Feb 25, 2026 - Apr 13, 2026 |
| #12 | -5.03% Jun 2, 2026 - Jun 10, 2026 | -3.65% Jul 22, 2011 - Oct 27, 2011 |
| #13 | -5.02% Jul 12, 2019 - Sep 5, 2019 | -3.45% Jul 16, 2024 - Aug 30, 2024 |
| #14 | -4.46% May 7, 2021 - Jun 2, 2021 | -3.26% Oct 27, 2011 - Feb 1, 2012 |
| #15 | -4.24% Oct 29, 2025 - Nov 25, 2025 | -3.09% Feb 28, 2012 - Jul 10, 2012 |
Correlation
Correlation between XLSR and QAI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2009 - 2026)
XLSR vs QAI dividend yield comparison.
| Year | XLSR | QAI |
|---|---|---|
| 2026 | 0.11% | 0.00% |
| 2025 | 0.58% | 1.50% |
| 2024 | 0.66% | 2.22% |
| 2023 | 1.04% | 4.08% |
| 2022 | 1.80% | 2.00% |
| 2021 | 3.44% | 0.28% |
| 2020 | 1.25% | 1.98% |
| 2019 | 0.94% | 1.91% |
| 2018 | 0.00% | 1.90% |
| 2016 | 0.00% | 0.00% |
| 2015 | 0.00% | 0.48% |
| 2014 | 0.00% | 1.34% |
| 2013 | 0.00% | 1.26% |
| 2012 | 0.00% | 1.11% |
| 2011 | 0.00% | 1.37% |
| 2010 | 0.00% | 1.51% |
| 2009 | 0.00% | 0.85% |
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