Find Comparable ETFs for The Materials Select Sector SPDR Fund
The Materials Select Sector SPDR Fund
XLB - PCXVanguard Materials Index Fund ETF Shares
VAW - PCXThis is the select sector SPDR fund that tracks the materials sector, similar to VAW, with a focus on companies involved in the production of raw materials.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 98%
R-squared: 96%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- VAW in XLB's comparables: Yes
- XLB in VAW's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 13.50 vs 16.06
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- VAW Beta: 1.11 (Average)
- XLB Beta: 1.06 (Average)
- VAW 200-day Volatility: 13.52%
- XLB 200-day Volatility: 12.61%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- VAW Price vs 200-day MA: 96%
- XLB Price vs 200-day MA: 97%
Performance Comparison:
| Period | VAW | XLB |
|---|---|---|
| Year_1 | 9% | 10% |
| Year_3 | 4% | 4% |
| Year_5 | 11% | 11% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Materials vs Materials
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- VAW Dividend Yield: 2%
- XLB Dividend Yield: 2%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
SPDR S&P Metals and Mining ETF
XME - PCXThe Materials Select Sector SPDR Fund focuses on a wide range of materials, including metals, similar to XME, making it a direct competitor in the materials sector.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 67%
R-squared: 45%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- XLB in XME's comparables: Yes
- XME in XLB's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 16.06 vs 9.17
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- XLB Beta: 1.06 (Average)
- XME Beta: 1.48 (High)
- XLB 200-day Volatility: 12.61%
- XME 200-day Volatility: 24.29%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- XLB Price vs 200-day MA: 97%
- XME Price vs 200-day MA: 93%
Performance Comparison:
| Period | XLB | XME |
|---|---|---|
| Year_1 | 10% | 13% |
| Year_3 | 4% | 10% |
| Year_5 | 11% | 18% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Materials vs Materials
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- XLB Dividend Yield: 2%
- XME Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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