The S&P Aerospace & Defense fund is an exchange traded fund (ETF) within the SPDR family. There are at least 25 funds that are incredibly highly correlated with XAR.

Within the SPDR family of funds, the most positively correlated other funds are S&P 400 Mid Cap Growth, S&P 600 Small Cap Growth, S&P MIDCAP 400, S&P 600 Small Cap, Russell 3000.

Outside of the SPDR family, the most positively correlated other funds are iShares - U.S. Aerospace & Defense ETF, PowerShares - Aerospace & Defense Portfolio, iShares - Russell Mid-Cap Growth ETF, Vanguard Mutual Funds - Strategic Equity, Schwab - Mid-Cap Core.

Extremely Similar Funds

There are multiple other funds which have extremely high correlation to SPDR's S&P Aerospace & Defense fund.
99.7% ITA iShares U.S. Aerospace & Defense ETF
99.5% PPA PowerShares Aerospace & Defense Portfolio
99.3% IWP iShares Russell Mid-Cap Growth ETF
99.2% VSEQX Vanguard Mutual Funds Strategic Equity
99.2% SCHM Schwab Mid-Cap Core
99.2% PKW PowerShares Buyback Achievers Portfolio
99.2% VIMAX Vanguard Mutual Funds Mid-Cap Index Admiral Shares
99.2% VO Vanguard Mid-Cap
99.2% FSCKX Fidelity Spartan Mid-Cap Index Fund - Fidelity Advantage Class
99.2% VDEQX Vanguard Mutual Funds Diversified Equity
99.2% FSCLX Fidelity Spartan Mid-Cap Index Fund - Investor Class
99.2% IWR iShares Russell Mid-Cap ETF
99.2% VOE Vanguard Mid-Cap Value
99.2% VMVAX Vanguard Mutual Funds Mid-Cap Value Index Admiral
99.1% VSTCX Vanguard Mutual Funds Strategic Small-Cap Equity
99.1% VTMSX Vanguard Mutual Funds Tax-Managed Small-Cap Admiral Shares
99.1% IJK iShares S&P Mid-Cap 400 Growth ETF
99.1% JKG iShares Morningstar Mid-Cap ETF
99.1% MDYG SPDR S&P 400 Mid Cap Growth
99.0% IJH iShares Core S&P Mid-Cap ETF
99.0% SLYG SPDR S&P 600 Small Cap Growth
99.0% IJT iShares S&P Small-Cap 600 Growth ETF
99.0% JKH iShares Morningstar Mid-Cap Growth ETF
99.0% IJR iShares Core S&P Small-Cap ETF
99.0% MDY SPDR S&P MIDCAP 400

Performance for the previous 2 years


Positively Correlated SPDR ETFs
MDYG SPDR S&P 400 Mid Cap Growth 99.1%
SLYG SPDR S&P 600 Small Cap Growth 99.0%
MDY SPDR S&P MIDCAP 400 99.0%
SLY SPDR S&P 600 Small Cap 99.0%
THRK SPDR Russell 3000 99.0%
Negatively Correlated SPDR funds
GLD SPDR Gold Shares -92.3%
BIL SPDR Barclays 1-3 Month T-Bill -88.9%
BWZ SPDR Barclays Short Term International Treasury Bond -74.3%
GML SPDR S&P Emerging Latin America -73.7%
RBL SPDR S&P Russia -73.4%

Positively Correlated Non-SPDR funds
ITA iShares U.S. Aerospace & Defense ETF 99.7%
PPA PowerShares Aerospace & Defense Portfolio 99.5%
IWP iShares Russell Mid-Cap Growth ETF 99.3%
VSEQX Vanguard Mutual Funds Strategic Equity 99.2%
SCHM Schwab Mid-Cap Core 99.2%
Negatively Correlated Non-SPDR funds
DBP PowerShares DB Precious Metals Fund -93.4%
DBS PowerShares DB Silver Fund -93.3%
DGL PowerShares DB Gold Fund -93.1%
SLV iShares Silver Trust -92.9%
IAU iShares Gold Trust -92.2%

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