IXJ vs. XLV
Compare and contrast key facts about iShares Global Healthcare ETF (IXJ) and Health Care Select Sector SPDR Fund (XLV).
IXJ and XLV 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. 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 IXJ 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: IXJ or XLV.
Performance
IXJ vs. XLV - Performance Comparison
Returns By Period
In the year-to-date period, IXJ achieves a 3.36% return, which is significantly lower than XLV's 5.18% return. Over the past 10 years, IXJ has underperformed XLV with an annualized return of 7.53%, while XLV has yielded a comparatively higher 9.30% annualized return.
IXJ
3.36%
-8.79%
-3.94%
9.80%
7.57%
7.53%
XLV
5.18%
-7.46%
-2.31%
12.12%
9.67%
9.30%
Key characteristics
| IXJ | XLV | |
|---|---|---|
| Sharpe Ratio | 0.95 | 1.17 |
| Sortino Ratio | 1.37 | 1.65 |
| Omega Ratio | 1.17 | 1.21 |
| Calmar Ratio | 0.84 | 1.33 |
| Martin Ratio | 3.34 | 4.96 |
| Ulcer Index | 3.03% | 2.54% |
| Daily Std Dev | 10.64% | 10.78% |
| Max Drawdown | -40.60% | -39.18% |
| Current Drawdown | -12.10% | -9.46% |
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IXJ vs. XLV - Expense Ratio Comparison
IXJ has a 0.46% expense ratio, which is higher than XLV's 0.12% expense ratio.
Correlation
The correlation between IXJ and XLV is 0.88, 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.
Risk-Adjusted Performance
IXJ vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Healthcare ETF (IXJ) 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
IXJ vs. XLV - Dividend Comparison
IXJ's dividend yield for the trailing twelve months is around 1.38%, less than XLV's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.38% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.47% | 1.73% | 2.85% | 1.38% | 1.51% |
XLV Health Care Select Sector SPDR Fund | 1.60% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
IXJ vs. XLV - Drawdown Comparison
The maximum IXJ drawdown since its inception was -40.60%, roughly equal to the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for IXJ and XLV. For additional features, visit the drawdowns tool.
Volatility
IXJ vs. XLV - Volatility Comparison
The current volatility for iShares Global Healthcare ETF (IXJ) is 3.09%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 3.43%. This indicates that IXJ 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.