XLF vs GWW
- 1 of 19 forces clearly differ
- Data through Oct 30, 2026
- Market move removed first
XLF and GWW clearly differ on 1 of 19 forces. The widest gap is china: in weeks when Chinese stocks beat other emerging markets by 1 percentage point, XLF typically moved +0.14% and GWW −0.11%.
| Economic force | XLFFinancial Select Sector SPDR Fund | GWWW. W. Grainger |
|---|---|---|
| Interest ratesIn weeks when the 10-year Treasury yield rose 0.25 percentage points | −0.66%−1.5% to +0.15%Not distinguishable from zero | −0.44%−1.4% to +0.54%Not distinguishable from zero |
| Inflation expectationsIn weeks when 10-year inflation expectations rose 0.25 percentage points | +2.6%+1.2% to +3.9%Clear | +2.0%−0.87% to +4.9%Not distinguishable from zero |
| U.S. dollarIn weeks when the trade-weighted U.S. dollar rose 2% | +0.41%−0.59% to +1.4%Not distinguishable from zero | +0.34%−1.0% to +1.7%Not distinguishable from zero |
| Oil and energyIn weeks when the price of oil rose 10% | −0.30%−0.65% to +0.05%Not distinguishable from zero | −0.13%−0.83% to +0.56%Not distinguishable from zero |
| Credit spreadsIn weeks when corporate credit spreads widened 0.25 percentage points | −0.78%−2.1% to +0.55%Not distinguishable from zero | +0.06%−1.8% to +1.9%Not distinguishable from zero |
| Short-term ratesIn weeks when the 2-year Treasury yield rose 0.25 percentage points | −0.40%−1.4% to +0.55%Not distinguishable from zero | +1.8%−0.04% to +3.7%Not distinguishable from zero |
| Market volatilityIn weeks when market volatility (the VIX) rose 5 points | −0.76%−1.1% to −0.39%Clear | +0.30%−0.48% to +1.1%Not distinguishable from zero |
| Mortgage ratesIn weeks when the 30-year mortgage rate rose 0.25 percentage points | +0.08%−0.45% to +0.61%Not distinguishable from zero | −0.40%−1.4% to +0.59%Not distinguishable from zero |
| GoldIn weeks when the price of gold rose 5% | −0.43%−0.82% to −0.04%Tentative | −0.66%−1.6% to +0.27%Not distinguishable from zero |
| CopperIn weeks when the price of copper rose 5% | +0.02%−0.28% to +0.32%Not distinguishable from zero | +0.24%−0.78% to +1.3%Not distinguishable from zero |
| Natural gasIn weeks when the U.S. natural gas price (Henry Hub) rose 10% | −0.03%−0.04% to −0.01%Tentative | −0.01%−0.02% to +0.01%Not distinguishable from zero |
| BitcoinIn weeks when the price of bitcoin rose 10% | −0.24%−0.67% to +0.19%Not distinguishable from zero | −0.31%−1.1% to +0.45%Not distinguishable from zero |
| Small vs large companiesIn weeks when small companies beat large ones by 1 percentage point | +0.29%+0.19% to +0.38%Clear | +0.35%+0.11% to +0.60%Tentative |
| Value vs growthIn weeks when value stocks beat growth stocks by 1 percentage point | +0.65%+0.55% to +0.74%Clear | +0.56%+0.30% to +0.83%Clear |
| MomentumIn weeks when recent winners beat the stock market by 1 percentage point | −0.23%−0.38% to −0.08%Tentative | +0.11%−0.15% to +0.38%Not distinguishable from zero |
| EuroIn weeks when the euro rose 2% against the U.S. dollar | −0.17%−1.2% to +0.89%Not distinguishable from zero | −0.24%−2.3% to +1.8%Not distinguishable from zero |
| Japanese yenIn weeks when the yen rose 2% against the U.S. dollar | −0.03%−0.38% to +0.33%Not distinguishable from zero | −0.27%−1.2% to +0.61%Not distinguishable from zero |
| Emerging marketsIn weeks when emerging-market stocks beat the S&P 500 by 1 percentage point | −0.31%−0.42% to −0.20%Clear | −0.23%−0.49% to +0.03%Not distinguishable from zero |
| ChinaIn weeks when Chinese stocks beat other emerging markets by 1 percentage pointClear difference | +0.14%+0.04% to +0.23%Tentative | −0.11%−0.22% to −0.01%Tentative |
Each figure is the stock's typical move in a week when the force moved by the stated amount, after accounting for the stock market, with its 90% range beneath. Grey figures could not be told apart from zero. A row is marked a clear difference only when the two 90% ranges do not overlap.
This describes the past, and it is not a forecast. Relationships change, and nothing here is a recommendation to buy, sell or hold any security.