HYLG vs. XLV
Compare and contrast key facts about Global X Health Care Covered Call & Growth ETF (HYLG) and Health Care Select Sector SPDR Fund (XLV).
HYLG and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HYLG is a passively managed fund by Global X that tracks the performance of the Cboe S&P Health Care Select Sector Half BuyWrite Index - Benchmark TR Gross. It was launched on Nov 21, 2022. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both HYLG and XLV 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: HYLG or XLV.
Correlation
The correlation between HYLG and XLV is 0.97, 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
HYLG vs. XLV - Performance Comparison
Key characteristics
HYLG:
0.28
XLV:
0.35
HYLG:
0.42
XLV:
0.54
HYLG:
1.06
XLV:
1.07
HYLG:
0.23
XLV:
0.31
HYLG:
0.83
XLV:
1.06
HYLG:
2.78%
XLV:
3.57%
HYLG:
8.36%
XLV:
10.92%
HYLG:
-10.24%
XLV:
-39.17%
HYLG:
-10.24%
XLV:
-12.34%
Returns By Period
In the year-to-date period, HYLG achieves a 0.76% return, which is significantly lower than XLV's 1.83% return.
HYLG
0.76%
-3.06%
-4.45%
1.83%
N/A
N/A
XLV
1.83%
-3.25%
-5.17%
3.11%
7.75%
8.63%
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HYLG vs. XLV - Expense Ratio Comparison
HYLG has a 0.60% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
HYLG vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Health Care Covered Call & Growth ETF (HYLG) and Health Care Select Sector SPDR Fund (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.
Dividends
HYLG vs. XLV - Dividend Comparison
HYLG's dividend yield for the trailing twelve months is around 7.35%, more than XLV's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYLG Global X Health Care Covered Call & Growth ETF | 7.35% | 6.98% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV Health Care Select Sector SPDR Fund | 1.22% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
HYLG vs. XLV - Drawdown Comparison
The maximum HYLG drawdown since its inception was -10.24%, smaller than the maximum XLV drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for HYLG and XLV. For additional features, visit the drawdowns tool.
Volatility
HYLG vs. XLV - Volatility Comparison
The current volatility for Global X Health Care Covered Call & Growth ETF (HYLG) is 3.05%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 3.39%. This indicates that HYLG 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.