CRWV vs. XLV
CRWV (CoreWeave, 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 year, CRWV returned -13.31% vs 24.00% for XLV. Their -0.04 correlation means they have often moved in opposite directions in the past.
Performance
CRWV vs. XLV - Performance Comparison
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Returns By Period
In the year-to-date period, CRWV achieves a 28.33% return, which is significantly higher than XLV's 5.61% return.
CRWV
- 1D
- 7.16%
- 1M
- 12.42%
- 6M
- 2.04%
- YTD
- 28.33%
- 1Y
- -13.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 88.47%
XLV
- 1D
- -0.09%
- 1M
- -1.00%
- 6M
- 6.09%
- YTD
- 5.61%
- 1Y
- 24.00%
- 3Y*
- 8.79%
- 5Y*
- 5.73%
- 10Y*
- 9.80%
- ALL TIME*
- 8.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CRWV CoreWeave, Inc. | $2.29B | $2.08B | $2.86B |
| $1.64B | $1.62B | $1.65B |
CRWV vs. XLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWV CoreWeave, Inc. | 28.33% | 83.62% |
XLV State Street Health Care Select Sector SPDR ETF | 5.61% | 8.24% |
Correlation
The correlation between CRWV and XLV is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | -0.04 |
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Return for Risk
CRWV vs. XLV — Risk / Return Rank
CRWV
XLV
CRWV vs. XLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreWeave, Inc. (CRWV) 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.
| CRWV | XLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.27 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.30 | -2.53 |
| Martin ratioReturn relative to average drawdown | -0.37 | 5.50 | -5.87 |
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Drawdowns
CRWV vs. XLV - Drawdown Comparison
The maximum CRWV drawdown since its inception was -66.87%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for CRWV and XLV.
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Drawdown Indicators
| CRWV | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -39.17% | -27.70% |
Max Drawdown (1Y)Largest decline over 1 year | -59.11% | -10.47% | -48.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -49.94% | -3.09% | -46.85% |
Average DrawdownAverage peak-to-trough decline | -38.77% | -7.09% | -31.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.04% | 4.38% | +31.66% |
Volatility
CRWV vs. XLV - Volatility Comparison
CoreWeave, Inc. (CRWV) has a higher volatility of 36.81% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 5.31%. This indicates that CRWV'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.
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Volatility by Period
| CRWV | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.81% | 5.31% | +31.50% |
Volatility (6M)Calculated over the trailing 6-month period | 71.13% | 12.05% | +59.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 98.56% | 15.63% | +82.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.24% | 15.03% | +99.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.24% | 16.67% | +97.57% |
Dividends
CRWV vs. XLV - Dividend Comparison
CRWV has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRWV CoreWeave, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV State Street Health Care Select Sector SPDR ETF | 1.56% | 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
CRWV and XLV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (36.81%) compared to XLV (5.31%). In terms of maximum drawdown, CRWV dropped -66.87% vs XLV's -39.17%.
XLV currently has the higher Sharpe Ratio (1.55 vs -0.14), 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.
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