Correlation
The correlation between BME and XLE is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BME vs. XLE
Compare and contrast key facts about BlackRock Health Sciences Trust (BME) and Energy Select Sector SPDR Fund (XLE).
XLE is a passively managed fund by State Street that tracks the performance of the Energy Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BME or XLE.
Performance
BME vs. XLE - Performance Comparison
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Key characteristics
BME:
-0.13
XLE:
-0.25
BME:
-0.22
XLE:
-0.20
BME:
0.97
XLE:
0.97
BME:
-0.26
XLE:
-0.35
BME:
-0.67
XLE:
-0.89
BME:
5.45%
XLE:
7.85%
BME:
15.29%
XLE:
25.28%
BME:
-42.03%
XLE:
-71.54%
BME:
-10.59%
XLE:
-14.06%
Returns By Period
In the year-to-date period, BME achieves a -2.09% return, which is significantly higher than XLE's -3.22% return. Over the past 10 years, BME has outperformed XLE with an annualized return of 5.66%, while XLE has yielded a comparatively lower 4.55% annualized return.
BME
-2.09%
-3.17%
-5.96%
-2.03%
-0.42%
2.74%
5.66%
XLE
-3.22%
-0.57%
-12.11%
-6.30%
1.18%
21.13%
4.55%
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Risk-Adjusted Performance
BME vs. XLE — Risk-Adjusted Performance Rank
BME
XLE
BME vs. XLE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Health Sciences Trust (BME) and Energy Select Sector SPDR Fund (XLE). 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.
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Dividends
BME vs. XLE - Dividend Comparison
BME's dividend yield for the trailing twelve months is around 7.95%, more than XLE's 3.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BME BlackRock Health Sciences Trust | 7.95% | 6.87% | 6.32% | 5.87% | 5.03% | 5.04% | 5.65% | 6.58% | 6.58% | 9.45% | 17.04% | 9.83% |
XLE Energy Select Sector SPDR Fund | 3.48% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 5.73% | 3.54% | 3.03% | 2.26% | 3.39% | 2.35% |
Drawdowns
BME vs. XLE - Drawdown Comparison
The maximum BME drawdown since its inception was -42.03%, smaller than the maximum XLE drawdown of -71.54%. Use the drawdown chart below to compare losses from any high point for BME and XLE.
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Volatility
BME vs. XLE - Volatility Comparison
The current volatility for BlackRock Health Sciences Trust (BME) is 4.79%, while Energy Select Sector SPDR Fund (XLE) has a volatility of 5.98%. This indicates that BME experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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