- ISIN
- US81369Y2090
- CUSIP
- 81369Y209
- Issuer
- State Street
- Inception Date
- Dec 16, 1998
- Region
- North America (U.S.)
- Category
- Health & Biotech Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Health Care Select Sector Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $39B
Share Price Chart
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Performance
XLV Performance Chart
State Street Health Care Select Sector SPDR ETF (XLV) is down 0.2% since the beginning of the year. XLV is currently trading at $154 per share. Investors who bought $1,000 worth of XLV shares 5 years ago would now be looking at an investment worth $1,338.
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Returns By Period
State Street Health Care Select Sector SPDR ETF (XLV) has returned -0.23% so far this year and 15.00% over the past 12 months. Over the last ten years, XLV has returned 9.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
State Street Health Care Select Sector SPDR ETF
- 1D
- -0.18%
- 1M
- 6.00%
- YTD
- -0.23%
- 6M
- 0.67%
- 1Y
- 15.00%
- 3Y*
- 7.12%
- 5Y*
- 6.00%
- 10Y*
- 9.81%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
XLV Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 1998, XLV's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +12.6%, while the worst month was Sep 2001 at -14.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, XLV closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.2%, while the worst single day was Mar 16, 2020 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.04% | 3.53% | -8.11% | -0.42% | 2.38% | 2.90% | -0.23% | ||||||
| 2025 | 6.76% | 1.40% | -1.58% | -3.79% | -5.57% | 2.11% | -3.23% | 5.37% | 1.73% | 3.65% | 9.29% | -1.39% | 14.50% |
| 2024 | 2.93% | 3.16% | 2.38% | -5.01% | 2.40% | 1.82% | 2.66% | 5.06% | -1.66% | -4.64% | 0.37% | -6.25% | 2.47% |
| 2023 | -1.83% | -4.64% | 2.20% | 3.14% | -4.27% | 4.26% | 1.07% | -0.70% | -2.96% | -3.26% | 5.44% | 4.33% | 2.07% |
| 2022 | -6.86% | -0.97% | 5.74% | -4.89% | 1.49% | -2.61% | 3.24% | -5.77% | -2.54% | 9.61% | 4.72% | -1.88% | -2.08% |
| 2021 | 1.40% | -2.10% | 4.03% | 3.93% | 1.87% | 2.30% | 4.92% | 2.32% | -5.52% | 5.12% | -3.06% | 9.02% | 26.04% |
Benchmark Metrics
State Street Health Care Select Sector SPDR ETF has an annualized alpha of 3.53%, beta of 0.74, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since December 22, 1998.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (82.90%) than losses (75.86%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.53% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.53%
- Beta
- 0.74
- R²
- 0.62
- Upside Capture
- 82.90%
- Downside Capture
- 75.86%
Expense Ratio
XLV has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
XLV ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street Health Care Select Sector SPDR ETF (XLV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XLV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.53 | -1.15 |
| Martin ratioReturn relative to average drawdown | 3.31 | 11.37 | -8.06 |
Dividends
Dividend History
State Street Health Care Select Sector SPDR ETF provided a 1.63% dividend yield over the last twelve months, with an annual payout of $2.51 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.51 | $2.48 | $2.29 | $2.17 | $1.99 | $1.87 | $1.69 | $2.21 | $1.36 | $1.22 | $1.11 | $1.03 |
Dividend yield | 1.63% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street Health Care Select Sector SPDR ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.00 | $0.59 | ||||||
| 2025 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.66 | $2.48 |
| 2024 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.62 | $2.29 |
| 2023 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.60 | $2.17 |
| 2022 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.56 | $1.99 |
| 2021 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.53 | $1.87 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street Health Care Select Sector SPDR ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street Health Care Select Sector SPDR ETF was 39.17%, occurring on Mar 9, 2009. Recovery took 538 trading sessions.
The current State Street Health Care Select Sector SPDR ETF drawdown is 3.59%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -39.17%Mar 2009 | 1y 2mo | 2y 1mo | 3y 4moDec 2007 - Apr 2011 |
Dot-com crash2000–2002 | -33.13%Sep 2001 | 1y 8mo | 3y 9mo | 5y 5moJan 2000 - Jun 2005 |
COVID crash2020 | -28.40%Mar 2020 | 2mo | 3mo 24d | 5mo 24dJan 2020 - Jul 2020 |
2011 correction2011 | -17.33%Aug 2011 | 2mo 23d | 5mo 11d | 8mo 4dMay 2011 - Jan 2012 |
2025 selloff2025 | -17.11%May 2025 | 7mo 29d | 6mo 11d | 1y 2moSep 2024 - Nov 2025 |
Drawdown Indicators
| XLV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.17% | -56.78% | +17.61% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -9.10% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.11% | -18.90% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | -25.43% | +8.32% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -33.92% | +5.52% |
Current DrawdownCurrent decline from peak | -3.59% | -2.34% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -10.72% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.02% | +2.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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