^SPXHC vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about S&P 500 Health Care Index (^SPXHC) and S&P 500 Index (^GSPC).

Performance

^SPXHC vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P 500 Health Care Index (^SPXHC) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

^SPXHC vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SPXHC S&P 500 Health Care Index	-5.29%	12.53%	0.90%	0.30%	-3.55%	24.16%	11.43%	18.68%	4.69%	20.00%
^GSPC S&P 500 Index	-4.63%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

In the year-to-date period, ^SPXHC achieves a -5.29% return, which is significantly lower than ^GSPC's -4.63% return. Over the past 10 years, ^SPXHC has underperformed ^GSPC with an annualized return of 7.98%, while ^GSPC has yielded a comparatively higher 12.16% annualized return.

^SPXHC

• 1D: 1.94%
• 1M: -8.26%
• YTD: -5.29%
• 6M: 5.32%
• 1Y: 0.48%
• 3Y*: 4.22%
• 5Y*: 4.73%
• 10Y*: 7.98%

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^SPXHC vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SPXHC

^SPXHC Risk / Return Rank: 18
^SPXHC Sharpe Ratio Rank: 16
^SPXHC Sortino Ratio Rank: 16
^SPXHC Omega Ratio Rank: 16
^SPXHC Calmar Ratio Rank: 22
^SPXHC Martin Ratio Rank: 22

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SPXHC vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P 500 Health Care Index (^SPXHC) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^SPXHC	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.03	0.90	-0.87
Sortino ratio Return per unit of downside risk	0.16	1.39	-1.23
Omega ratio Gain probability vs. loss probability	1.02	1.21	-0.19
Calmar ratio Return relative to maximum drawdown	0.12	1.40	-1.28
Martin ratio Return relative to average drawdown	0.23	6.61	-6.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SPXHC vs. ^GSPC - Sharpe Ratio Comparison

The current ^SPXHC Sharpe Ratio is 0.03, which is lower than the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of ^SPXHC and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^SPXHC	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	0.90	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.61	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.68	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.46	-0.10

Correlation

The correlation between ^SPXHC and ^GSPC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

^SPXHC vs. ^GSPC - Drawdown Comparison

The maximum ^SPXHC drawdown since its inception was -40.78%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^SPXHC and ^GSPC.

Drawdown Indicators

	^SPXHC	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-40.78%	-56.78%	+16.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.86%	-12.14%	+1.28%
Max Drawdown (5Y) Largest decline over 5 years	-18.01%	-25.43%	+7.42%
Max Drawdown (10Y) Largest decline over 10 years	-28.59%	-33.92%	+5.33%
Current Drawdown Current decline from peak	-8.26%	-6.45%	-1.81%
Average Drawdown Average peak-to-trough decline	-8.32%	-10.75%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	2.57%	+3.45%

Volatility

^SPXHC vs. ^GSPC - Volatility Comparison

The current volatility for S&P 500 Health Care Index (^SPXHC) is 4.67%, while S&P 500 Index (^GSPC) has a volatility of 5.34%. This indicates that ^SPXHC experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SPXHC	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	5.34%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	9.54%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	17.68%	18.33%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	16.91%	-2.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.58%	18.05%	-1.47%