HTEC vs. XHE
Compare and contrast key facts about ROBO Global Healthcare Technology and Innovation ETF (HTEC) and SPDR S&P Health Care Equipment ETF (XHE).
HTEC and XHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HTEC is a passively managed fund by Exchange Traded Concepts that tracks the performance of the ROBO Global® Healthcare Technology and Innovation Index. It was launched on Jun 25, 2019. XHE is a passively managed fund by State Street that tracks the performance of the S&P Health Care Equipment Select Industry Index. It was launched on Jan 26, 2011. Both HTEC and XHE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HTEC or XHE.
Key characteristics
| HTEC | XHE | |
|---|---|---|
| YTD Return | 6.14% | 9.89% |
| 1Y Return | 30.82% | 36.72% |
| 3Y Return (Ann) | -13.96% | -10.18% |
| 5Y Return (Ann) | 4.00% | 2.64% |
| Sharpe Ratio | 1.48 | 1.65 |
| Sortino Ratio | 2.23 | 2.41 |
| Omega Ratio | 1.26 | 1.29 |
| Calmar Ratio | 0.50 | 0.68 |
| Martin Ratio | 7.78 | 10.72 |
| Ulcer Index | 3.57% | 3.11% |
| Daily Std Dev | 18.73% | 20.24% |
| Max Drawdown | -57.53% | -49.92% |
| Current Drawdown | -42.61% | -30.51% |
Correlation
The correlation between HTEC and XHE is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HTEC vs. XHE - Performance Comparison
In the year-to-date period, HTEC achieves a 6.14% return, which is significantly lower than XHE's 9.89% 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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HTEC vs. XHE - Expense Ratio Comparison
HTEC has a 0.68% expense ratio, which is higher than XHE's 0.35% expense ratio.
Risk-Adjusted Performance
HTEC vs. XHE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ROBO Global Healthcare Technology and Innovation ETF (HTEC) and SPDR S&P Health Care Equipment ETF (XHE). 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
HTEC vs. XHE - Dividend Comparison
HTEC has not paid dividends to shareholders, while XHE's dividend yield for the trailing twelve months is around 0.04%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTEC ROBO Global Healthcare Technology and Innovation ETF | 0.00% | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHE SPDR S&P Health Care Equipment ETF | 0.04% | 0.03% | 0.04% | 0.00% | 0.00% | 0.05% | 0.09% | 0.78% | 0.17% | 7.22% | 1.83% | 0.19% |
Drawdowns
HTEC vs. XHE - Drawdown Comparison
The maximum HTEC drawdown since its inception was -57.53%, which is greater than XHE's maximum drawdown of -49.92%. Use the drawdown chart below to compare losses from any high point for HTEC and XHE. For additional features, visit the drawdowns tool.
Volatility
HTEC vs. XHE - Volatility Comparison
ROBO Global Healthcare Technology and Innovation ETF (HTEC) and SPDR S&P Health Care Equipment ETF (XHE) have volatilities of 4.53% and 4.73%, 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.