CAPE vs XLF
DoubleLine Shiller CAPE US Equities ETF vs State Street Financial Select Sector SPDR ETF
Which is better, CAPE or XLF?
XLF has been ahead.
XLF has a lower expense ratio. XLF led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 57.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAPE | XLF |
|---|---|---|
| Expense Ratio | 0.65% | 0.08%Best |
| AUM | $209M | $51.9B |
| Dividend Yield | 1.46% | 1.40% |
| Holdings | 182 | 160 |
| YTD Return | +0.19% | +0.47%Best |
| 1Y Return | +0.83% | +4.02%Best |
| 3Y Return (annualized) | +11.60% | +19.43%Best |
| 5Y Return (annualized) | - | +8.82% |
| Volatility (annualized) | 16.7%Best | 17.7% |
| Max Drawdown | -22.1% | -19.2%Best |
| $10,000 over 4.5 years | $13,406 | $15,539Best |
| Top 10 Weight | 29.0%Best | 57.3% |
| Fund Family | DoubleLine Funds | SPDR State Street Global Advisors |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Dec 16, 1998 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
CAPE vs XLF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
CAPE vs XLF Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and State Street Financial Select Sector SPDR ETF (XLF) is an ETF from SPDR State Street Global Advisors. Over the past year CAPE returned +0.83% while XLF returned +4.02%. Year to date, CAPE is up 0.19% versus a gain of 0.47% for XLF.
Over three years, CAPE compounded at +11.60% per year against +19.43% for XLF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLF has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 16.7% for CAPE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for CAPE and -19.2% for XLF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE charges 0.65% per year while XLF charges 0.08%. On a $10,000 position that is $65 vs $8 annually, a gap of $57 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 1.40% for XLF.
Holdings Overlap
We hold position weights for 170 holdings in CAPE and 77 in XLF, totalling 100.0% and 99.8% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 170 positions we hold weights for in CAPE and 77 in XLF, against full books of 182 and 160.
What only one of them owns
Our book lists 76 positions for XLF that do not appear in our book for CAPE (99.5% of the fund), and 165 for CAPE that do not appear in XLF (95.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CAPE and XLF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAPE or XLF?
CAPE has an expense ratio of 0.65% while XLF charges 0.08%. XLF is the cheaper option, by $57 a year on a $10,000 investment.
Which performed better, CAPE or XLF?
Over the past year CAPE returned +0.83% vs +4.02% for XLF, so XLF leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or XLF?
XLF has been the more volatile fund at 17.7% annualized versus 16.7% for CAPE. Worst drawdown: CAPE -22.1% vs XLF -19.2%.
Should I hold both CAPE and XLF?
CAPE and XLF have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CAPE or XLF?
CAPE yields 1.46% while XLF yields 1.40%, so CAPE currently pays the higher dividend yield.
Is XLF better than CAPE?
XLF has a lower expense ratio. XLF led over 1Y, 3Y and the full window. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 57.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.