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HVACvsXARETF Comparison

ETF 1
HVAC

AdvisorShares HVAC and Industrials ETF

This fund is part of
Uncategorized Equities
+0.56%
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, Information Technology and Consumer Discretionary. In contrast, XAR's top sector exposures are Industrials, Materials and Information Technology. HVAC is more expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.35% for XAR. HVAC is up 27.4% year-to-date (YTD) with +$4M in YTD flows. XAR performs worse with 6.4% YTD performance, and +$968M 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

-5051015%Mar 23Mar 30Apr 7Apr 14Apr 21

Cumulative Flows

-40 M-20 M0 M20 M40 MMar 23Mar 30Apr 7Apr 14Apr 21

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Historic performance and flows
Data as of 04/22/2026
1M3MYTD1Y3Y5Y
Perf.
HVAC
XAR
+14.87%-1.95%
+14.84%-8.36%
+27.40%+6.40%
+82.91%+53.34%
n/a+125.22%
n/a+105.40%
Flows
HVAC
XAR
+$326K+$37M
+$4M+$545M
+$4M+$968M
+$8M+$1.70B
-+$2.12B
-+$2.43B
Volatility and drawdown
3M1Y3Y5Y
Volatility
HVAC
XAR
+35.12%+32.98%
+25.95%+25.36%
n/a+22.40%
n/a+23.01%
Max drawdown
HVAC
XAR
-14.84%-16.33%
-14.84%-17.03%
n/a-19.74%
n/a-32.38%
Max drawdown duration
HVAC
XAR
44d53d
44d95d
n/a109d
n/a904d
Trading data

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HVAC
XAR
Last sale
4/24/2026 at 1:30 PM
$39.96
$256.45
Previous close
04/23/2026
$40.03
$261.58
Consolidated volume
04/23/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of March 31, 2026
1-year trailing difference

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HVAC
is actively managed and doesn’t replicate an index

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HVAC
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 4/24/2026 at 1:30 PM
Live
Closed
HVAC
XAR
Last price
$39.96
$256.45
1D performance
-0.18%
-1.96%
AuM$9.67 M$5.87 B
E/R0.89%0.35%
Characteristics
HVAC
XAR
Management strategyActivePassive
ProviderAdvisorSharesState Street Investment Management
Benchmark-S&P Aerospace & Defense Select Industry Index
N° of holdings2434
Asset class-Equities
Trailing 12m distribution yield
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Inception dateFebruary 3, 2025September 28, 2011
ESGNoNo
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Exposure

Countries

HVAC
USA
90.73%
Other
9.27%
XAR
USA
96.81%
Other
3.19%

Sectors

HVAC
Industrials
66.74%
Information Techn.
13.03%
Other
20.23%
XAR
Industrials
75.52%
Other
24.48%
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Diversification

HVAC

Total weight of top 15 holdings out of 15

64.51%
XAR

Total weight of top 15 holdings out of 15

47.2%

Top 15 holdings

Data as of March 31, 2026
HVAC
COMFORT SYSTEMS USA
5.87%
BWX TECHNOLOGIES INC
5.09%
JABIL CIRCUIT
4.99%
FLOWSERVE
4.83%
US36828A1016
4.64%
AMPHENOL
4.49%
VERTIV HOLDINGS
4.43%
FLUOR
4.19%
STERLING INFRASTRUCTURE INC
3.96%
AMETEK
3.85%
PARKER HANNIFIN
3.81%
WILLDAN GROUP
3.80%
CURTISS WRIGHT
3.57%
BELDEN
3.55%
DOVER
3.44%
XAR
BWX TECHNOLOGIES INC
3.46%
CURTISS WRIGHT
3.26%
GENERAL DYNAMICS
3.21%
CARPENTER TECHNOLOGY
3.20%
HEXCEL
3.17%
L3 HARRIS TECHNOLOGIES
3.14%
KYG3730V1059
3.12%
TEXTRON
3.11%
RAYTHEON TECHNOLOGIES CORPORD
3.08%
LOCKHEED MARTIN
3.08%
NORTHROP GRUMMAN
3.08%
BOEING U
3.08%
WOODWARD
3.07%
ATI INC
3.06%
TRANSDIGM GROUP
3.05%
Frequently asked questions about HVAC and XAR

How have the HVAC and XAR ETFs performed in 2026?

As of April 22, 2026, HVAC is up 27.4% year-to-date (YTD), while XAR has returned 6.4%. 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 +$4M in flows, compared to +$968M for XAR.

Which ETF is more volatile: HVAC or XAR?

Over the past year, HVAC had a volatility of 25.95%, while XAR experienced 25.36%.

Which ETF is bigger: HVAC or XAR?

As of April 22, 2026, HVAC holds $9.67 M in assets under management (AUM), while XAR manages $5.87 B.

What sectors do the HVAC and XAR ETFs invest in?

HVAC leans toward sectors like Industrials and Information 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, BWX TECHNOLOGIES INC and JABIL CIRCUIT. XAR holds in its top three: BWX TECHNOLOGIES INC, CURTISS WRIGHT and GENERAL DYNAMICS.

Which ETF is more diversified: HVAC or XAR?

HVAC holds 25 securities with 64.51% of its assets in the top 15. XAR has 41 securities and a top 15 weight of 47.2%.

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