HVACvsXARETF Comparison
VS
ETF 2
XAR
State Street SPDR S&P Aerospace & Defense ETF
AdvisorShares HVAC and Industrials ETF (HVAC) belongs to the Uncategorized Equities segment. State Street SPDR S&P Aerospace & Defense ETF (XAR) is part of the segment. HVAC's top 3 sector exposures are Industrials, Technology and Non-Energy Materials. In contrast, XAR's top sector exposures are Industrials, Non-Energy Materials and Technology. HVAC is more expensive with a Total Expense Ratio (TER) of 35.61%, versus 0.35% for XAR. HVAC is up 7.09% year-to-date (YTD) with +$11M in YTD flows. XAR performs worse with 1.5% YTD performance, and +$876M in YTD flows. Run a side-by-side ETF comparison of HVAC and XAR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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HVAC vs XAR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HVAC XAR | -7.09%-15.24% | -11.56%-8.44% | +7.09%+1.50% | +9.09%+12.30% | n/a+111.62% | n/a+111.69% |
| Flows | HVAC XAR | --$58M | +$3M+$40M | +$11M+$876M | +$12M+$1.13B | -+$2.01B | -+$2.37B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HVAC XAR | +40.88%+30.11% | +34.18%+29.65% | n/a+24.22% | n/a+23.96% |
| Max drawdown | HVAC XAR | -25.04%-17.60% | -25.04%-17.60% | n/a-19.74% | n/a-27.60% |
| Max drawdown duration | HVAC XAR | 80d25d | 80d25d | n/a109d | n/a608d |
Trading data
HVAC | XAR | |
Last sale 9/11/2026 at 1:30 PM | $34.48 | $246.01 |
| Previous close 09/10/2026 | $33.21 | $244.66 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HVAC
is actively managed and doesn’t replicate an indexHVAC | XAR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
HVAC | XAR | |
|---|---|---|
| Last price | $34.48 | $246.01 |
| 1D performance | +3.82% | +0.55% |
| AuM | $13.60 M | $5.48 B |
| E/R | 35.61% | 0.35% |
Characteristics
HVAC | XAR | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AdvisorShares | State Street Investment Management |
| Benchmark | - | S&P Aerospace & Defense Select Industry Index |
| N° of holdings | 21 | 47 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 3, 2025 | September 28, 2011 |
| ESG | No | No |
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Exposure
Countries
HVAC
USA
90.96%
Other
9.04%
XAR
USA
98.94%
Other
1.06%
Sectors
HVAC
Industrials
69.8%
Technology
17.92%
Other
12.28%
XAR
Industrials
94.06%
Other
5.94%
Diversification
HVAC
Total weight of top 15 holdings out of 15
80.79%
XAR
Total weight of top 15 holdings out of 15
46.1%
Top 15 holdings
Data as of July 31, 2026
HVAC
Comfort Systems USA, Inc.
7.50%
Sterling Infrastructure, Inc.
7.33%
Belden, Inc.
6.11%
Amphenol Corp.
5.97%
Jabil, Inc.
5.84%
3M Co.
5.64%
AMETEK, Inc.
5.43%
GE Vernova, Inc.
5.39%
nVent Electric Plc
5.06%
Vertiv Holdings Co.
5.05%
Bloom Energy Corp.
4.61%
Caterpillar, Inc.
4.59%
Carrier Global Corp.
4.21%
Lennox International, Inc.
4.05%
Curtiss-Wright Corp.
4.01%
XAR
RTX Corp.
3.35%
StandardAero, Inc.
3.27%
Axon Enterprise, Inc.
3.26%
Howmet Aerospace, Inc.
3.12%
GE Aerospace
3.12%
Huntington Ingalls Industries, Inc.
3.12%
Hexcel Corp.
3.10%
General Dynamics Corp.
3.10%
VSE Corp.
3.10%
HEICO Corp.
3.07%
Lockheed Martin Corp.
3.06%
Karman Holdings, Inc.
2.90%
TransDigm Group, Inc.
2.86%
The Boeing Co.
2.85%
ATI, Inc.
2.82%
Frequently asked questions about HVAC and XAR
How have the HVAC and XAR ETFs performed in 2026?
As of September 10, 2026, HVAC is up 7.09% year-to-date (YTD), while XAR has returned 1.5%. That puts HVAC better performer ahead so far this year.
Which ETF is attracting more investor money: HVAC or XAR?
Year-to-date, the HVAC ETF saw +$11M in flows, compared to +$876M for XAR.
Which ETF is more volatile: HVAC or XAR?
Over the past year, HVAC had a volatility of 34.18%, while XAR experienced 29.65%.
Which ETF is bigger: HVAC or XAR?
As of September 10, 2026, HVAC holds $13.60 M in assets under management (AUM), while XAR manages $5.48 B.
What sectors do the HVAC and XAR ETFs invest in?
HVAC leans toward sectors like Industrials and Technology. Meanwhile, XAR focuses on Industrials.
What are the top holdings of the HVAC ETF and XAR ETF?
HVAC top holdings include Comfort Systems USA, Inc., Sterling Infrastructure, Inc. and Belden, Inc.. XAR holds in its top three: RTX Corp., StandardAero, Inc. and Axon Enterprise, Inc..
Which ETF is more diversified: HVAC or XAR?
HVAC holds 21 securities with 80.79% of its assets in the top 15. XAR has 47 securities and a top 15 weight of 46.1%.
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