IXJ vs. SPY
Compare and contrast key facts about iShares Global Healthcare ETF (IXJ) and SPDR S&P 500 ETF (SPY).
IXJ and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IXJ is a passively managed fund by iShares that tracks the performance of the S&P Global Healthcare Sector Index. It was launched on Nov 13, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IXJ and SPY 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: IXJ or SPY.
Key characteristics
| IXJ | SPY | |
|---|---|---|
| YTD Return | 12.93% | 23.13% |
| 1Y Return | 17.64% | 34.76% |
| 3Y Return (Ann) | 6.24% | 10.81% |
| 5Y Return (Ann) | 10.85% | 15.97% |
| 10Y Return (Ann) | 9.44% | 13.92% |
| Sharpe Ratio | 1.71 | 2.91 |
| Sortino Ratio | 2.34 | 3.87 |
| Omega Ratio | 1.31 | 1.53 |
| Calmar Ratio | 1.45 | 3.10 |
| Martin Ratio | 8.13 | 18.06 |
| Ulcer Index | 2.26% | 2.00% |
| Daily Std Dev | 10.77% | 12.44% |
| Max Drawdown | -40.60% | -55.19% |
| Current Drawdown | -3.97% | -0.78% |
Correlation
The correlation between IXJ and SPY is 0.73, 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
IXJ vs. SPY - Performance Comparison
In the year-to-date period, IXJ achieves a 12.93% return, which is significantly lower than SPY's 23.13% return. Over the past 10 years, IXJ has underperformed SPY with an annualized return of 9.44%, while SPY has yielded a comparatively higher 13.92% 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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IXJ vs. SPY - Expense Ratio Comparison
IXJ has a 0.46% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IXJ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) and SPDR S&P 500 ETF (SPY). 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
IXJ vs. SPY - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.26%, more than SPY's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.26% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.84% | 1.37% | 1.50% |
SPY SPDR S&P 500 ETF | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
IXJ vs. SPY - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IXJ and SPY. For additional features, visit the drawdowns tool.
Volatility
IXJ vs. SPY - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (IXJ) is 2.78%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.99%. This indicates that IXJ experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.