CCOI vs. XLV

Last updated Jul 17, 2026

CCOI (Cogent Communications Holdings, Inc.) is a stock, while XLV (State Street Health Care Select Sector SPDR ETF) is Health & Biotech Equities fund tracking the Health Care Select Sector Index. Over the past 10 years, CCOI returned -7.89%/yr vs 9.95%/yr for XLV. At a 0.29 correlation, their price movements are largely independent.

Performance

CCOI vs. XLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cogent Communications Holdings, Inc. (CCOI) and State Street Health Care Select Sector SPDR ETF (XLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCOI achieves a -45.57% return, which is significantly lower than XLV's 5.41% return. Over the past 10 years, CCOI has underperformed XLV with an annualized return of -7.89%, while XLV has yielded a comparatively higher 9.95% annualized return.

CCOI

• 1D: -6.47%
• 1M: -27.04%
• 6M: -49.44%
• YTD: -45.57%
• 1Y: -76.91%
• 3Y*: -40.09%
• 5Y*: -27.68%
• 10Y*: -7.89%

XLV

• 1D: 2.22%
• 1M: 6.26%
• 6M: 3.96%
• YTD: 5.41%
• 1Y: 22.63%
• 3Y*: 9.08%
• 5Y*: 6.41%
• 10Y*: 9.95%

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

CCOI vs. XLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CCOI Cogent Communications Holdings, Inc.	-45.57%	-70.14%	7.19%	41.23%	-17.20%	27.78%	-5.33%	51.98%	4.25%	14.33%
XLV State Street Health Care Select Sector SPDR ETF	5.41%	14.50%	2.47%	2.07%	-2.08%	26.04%	13.30%	20.45%	6.28%	21.77%

Correlation

The correlation between CCOI and XLV is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Feb 5, 2002	0.29

Over the past year, the correlation between CCOI and XLV has dropped to 0.08 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Return for Risk

CCOI vs. XLV — Risk / Return Rank

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

CCOI

CCOI Risk / Return Rank: 6
CCOI Sharpe Ratio Rank: 8
CCOI Sortino Ratio Rank: 8
CCOI Omega Ratio Rank: 6
CCOI Calmar Ratio Rank: 1
CCOI Martin Ratio Rank: 6

XLV

XLV Risk / Return Rank: 50
XLV Sharpe Ratio Rank: 51
XLV Sortino Ratio Rank: 59
XLV Omega Ratio Rank: 48
XLV Calmar Ratio Rank: 53
XLV Martin Ratio Rank: 40

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.

CCOI vs. XLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cogent Communications Holdings, Inc. (CCOI) and State Street Health Care Select Sector SPDR ETF (XLV). 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.

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.

	CCOI	XLV	Difference
Sharpe ratio: Return per unit of total volatility	-0.87	1.43	-2.31
Sortino ratio: Return per unit of downside risk	-1.38	2.26	-3.65
Omega ratio: Gain probability vs. loss probability	0.80	1.25	-0.45
Calmar ratio: Return relative to maximum drawdown	-1.00	2.17	-3.17
Martin ratio: Return relative to average drawdown	-1.46	5.14	-6.60

CCOI vs. XLV - Sharpe Ratio Comparison

The current CCOI Sharpe Ratio is -0.87, which is lower than the XLV Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of CCOI and XLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CCOI vs. XLV - Drawdown Comparison

The maximum CCOI drawdown since its inception was -96.72%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for CCOI and XLV.

Drawdown Indicators

	CCOI	XLV	Difference
Max Drawdown Largest peak-to-trough decline	-96.72%	-39.17%	-57.55%
Max Drawdown (1Y) Largest decline over 1 year	-77.28%	-10.47%	-66.81%
Max Drawdown (3Y) Largest decline over 3 years	-85.22%	-17.11%	-68.11%
Max Drawdown (5Y) Largest decline over 5 years	-85.22%	-17.11%	-68.11%
Max Drawdown (10Y) Largest decline over 10 years	-85.22%	-28.40%	-56.82%
Current Drawdown Current decline from peak	-85.15%	-1.61%	-83.54%
Average Drawdown Average peak-to-trough decline	-60.49%	-7.10%	-53.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	52.70%	4.42%	+48.28%

Volatility

CCOI vs. XLV - Volatility Comparison

Cogent Communications Holdings, Inc. (CCOI) has a higher volatility of 21.00% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 6.40%. This indicates that CCOI's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCOI	XLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.00%	6.40%	+14.60%
Volatility (6M) Calculated over the trailing 6-month period	70.39%	11.88%	+58.51%
Volatility (1Y) Calculated over the trailing 1-year period	88.54%	15.88%	+72.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.84%	14.99%	+33.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.45%	16.62%	+24.83%

Dividends

CCOI vs. XLV - Dividend Comparison

CCOI's dividend yield for the trailing twelve months is around 9.18%, more than XLV's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCOI Cogent Communications Holdings, Inc.	9.18%	14.15%	5.09%	4.94%	6.23%	4.33%	4.64%	3.71%	4.69%	3.97%	3.65%	4.21%
XLV State Street Health Care Select Sector SPDR ETF	1.57%	1.60%	1.67%	1.59%	1.47%	1.33%	1.49%	2.17%	1.57%	1.47%	1.60%	1.43%

Frequently Asked Questions

Can I hold both CCOI and XLV in my portfolio?

CCOI and XLV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCOI or XLV?

CCOI has higher volatility (21.00%) compared to XLV (6.40%). In terms of maximum drawdown, CCOI dropped -96.72% vs XLV's -39.17%.

Which has better risk-adjusted returns?

XLV currently has the higher Sharpe Ratio (1.43 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.