DVA vs. XLV

Last updated Jul 17, 2026

DVA (DaVita 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, DVA returned 11.68%/yr vs 9.95%/yr for XLV. At a 0.43 correlation, their price movements are largely independent.

Performance

DVA vs. XLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DaVita Inc. (DVA) 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, DVA achieves a 105.98% return, which is significantly higher than XLV's 5.41% return. Over the past 10 years, DVA has outperformed XLV with an annualized return of 11.68%, while XLV has yielded a comparatively lower 9.95% annualized return.

DVA

• 1D: 1.04%
• 1M: 11.98%
• 6M: 121.10%
• YTD: 105.98%
• 1Y: 66.89%
• 3Y*: 30.82%
• 5Y*: 14.41%
• 10Y*: 11.68%

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)

DVA vs. XLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DVA DaVita Inc.	105.98%	-24.03%	42.75%	40.30%	-34.36%	-3.10%	56.47%	45.80%	-28.78%	12.54%
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 DVA and XLV is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998	0.43

The correlation between DVA and XLV shifts across timeframes, from 0.34 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DVA vs. XLV — Risk / Return Rank

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

DVA

DVA Risk / Return Rank: 85
DVA Sharpe Ratio Rank: 86
DVA Sortino Ratio Rank: 90
DVA Omega Ratio Rank: 89
DVA Calmar Ratio Rank: 80
DVA Martin Ratio Rank: 78

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.

DVA vs. XLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DaVita Inc. (DVA) 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.

	DVA	XLV	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.43	+0.13
Sortino ratio: Return per unit of downside risk	2.86	2.26	+0.59
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	2.14	2.17	-0.03
Martin ratio: Return relative to average drawdown	4.79	5.14	-0.34

DVA vs. XLV - Sharpe Ratio Comparison

The current DVA Sharpe Ratio is 1.57, which is comparable to the XLV Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of DVA 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

DVA vs. XLV - Drawdown Comparison

The maximum DVA drawdown since its inception was -92.91%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for DVA and XLV.

Drawdown Indicators

	DVA	XLV	Difference
Max Drawdown Largest peak-to-trough decline	-92.91%	-39.17%	-53.74%
Max Drawdown (1Y) Largest decline over 1 year	-31.36%	-10.47%	-20.89%
Max Drawdown (3Y) Largest decline over 3 years	-41.43%	-17.11%	-24.32%
Max Drawdown (5Y) Largest decline over 5 years	-51.10%	-17.11%	-33.99%
Max Drawdown (10Y) Largest decline over 10 years	-51.10%	-28.40%	-22.70%
Current Drawdown Current decline from peak	-0.72%	-1.61%	+0.89%
Average Drawdown Average peak-to-trough decline	-20.00%	-7.10%	-12.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.00%	4.42%	+9.58%

Volatility

DVA vs. XLV - Volatility Comparison

The current volatility for DaVita Inc. (DVA) is 5.54%, while State Street Health Care Select Sector SPDR ETF (XLV) has a volatility of 6.40%. This indicates that DVA experiences smaller price fluctuations and is considered to be less risky than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVA	XLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	6.40%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	34.40%	11.88%	+22.52%
Volatility (1Y) Calculated over the trailing 1-year period	42.88%	15.88%	+27.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.32%	14.99%	+22.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.76%	16.62%	+18.14%

Dividends

DVA vs. XLV - Dividend Comparison

DVA has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVA DaVita 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	1.57%	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 DVA and XLV in my portfolio?

DVA and XLV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVA or XLV?

XLV has higher volatility (6.40%) compared to DVA (5.54%). In terms of maximum drawdown, DVA dropped -92.91% vs XLV's -39.17%.

Which has better risk-adjusted returns?

DVA currently has the higher Sharpe Ratio (1.57 vs 1.43), 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.