ELV vs. XLU
Compare and contrast key facts about Elevance Health Inc (ELV) and Utilities Select Sector SPDR Fund (XLU).
XLU is a passively managed fund by State Street that tracks the performance of the Utilities 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: ELV or XLU.
Key characteristics
| ELV | XLU | |
|---|---|---|
| YTD Return | 14.62% | 13.47% |
| 1Y Return | 19.30% | 6.80% |
| 3Y Return (Ann) | 12.36% | 5.92% |
| 5Y Return (Ann) | 17.27% | 7.58% |
| 10Y Return (Ann) | 19.43% | 8.96% |
| Sharpe Ratio | 0.94 | 0.43 |
| Daily Std Dev | 20.83% | 17.13% |
| Max Drawdown | -67.19% | -52.27% |
| Current Drawdown | -0.17% | -3.51% |
Correlation
The correlation between ELV and XLU is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ELV vs. XLU - Performance Comparison
In the year-to-date period, ELV achieves a 14.62% return, which is significantly higher than XLU's 13.47% return. Over the past 10 years, ELV has outperformed XLU with an annualized return of 19.43%, while XLU has yielded a comparatively lower 8.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ELV vs. XLU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Elevance Health Inc (ELV) and Utilities Select Sector SPDR Fund (XLU). 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.
Dividends
ELV vs. XLU - Dividend Comparison
ELV's dividend yield for the trailing twelve months is around 1.13%, less than XLU's 3.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELV Elevance Health Inc | 1.13% | 1.26% | 1.00% | 0.98% | 1.18% | 1.06% | 1.14% | 1.20% | 1.81% | 1.79% | 1.39% | 1.62% |
XLU Utilities Select Sector SPDR Fund | 3.05% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.41% | 3.67% | 3.19% | 3.86% |
Drawdowns
ELV vs. XLU - Drawdown Comparison
The maximum ELV drawdown since its inception was -67.19%, which is greater than XLU's maximum drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for ELV and XLU. For additional features, visit the drawdowns tool.
Volatility
ELV vs. XLU - Volatility Comparison
Elevance Health Inc (ELV) and Utilities Select Sector SPDR Fund (XLU) have volatilities of 4.22% and 4.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.