IYH vs. XLV
Compare and contrast key facts about iShares U.S. Healthcare ETF (IYH) and Health Care Select Sector SPDR Fund (XLV).
IYH and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYH is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Health Care Index. It was launched on Jun 12, 2000. 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 IYH 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: IYH or XLV.
Performance
IYH vs. XLV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with IYH having a 6.99% return and XLV slightly lower at 6.90%. Both investments have delivered pretty close results over the past 10 years, with IYH having a 9.18% annualized return and XLV not far ahead at 9.46%.
IYH
6.99%
-4.41%
0.80%
12.67%
9.30%
9.18%
XLV
6.90%
-4.15%
0.58%
12.28%
9.85%
9.46%
Key characteristics
| IYH | XLV | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.13 |
| Sortino Ratio | 1.65 | 1.61 |
| Omega Ratio | 1.21 | 1.21 |
| Calmar Ratio | 1.26 | 1.25 |
| Martin Ratio | 4.51 | 4.34 |
| Ulcer Index | 2.81% | 2.83% |
| Daily Std Dev | 10.97% | 10.83% |
| Max Drawdown | -43.13% | -39.18% |
| Current Drawdown | -8.17% | -7.98% |
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IYH vs. XLV - Expense Ratio Comparison
IYH has a 0.43% expense ratio, which is higher than XLV's 0.12% expense ratio.
Correlation
The correlation between IYH and XLV is 0.90, 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
IYH vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Healthcare ETF (IYH) 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
IYH vs. XLV - Dividend Comparison
IYH's dividend yield for the trailing twelve months is around 1.16%, less than XLV's 1.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYH iShares U.S. Healthcare ETF | 1.16% | 1.18% | 1.10% | 0.94% | 1.16% | 1.14% | 1.95% | 1.10% | 1.29% | 2.02% | 1.05% | 1.12% |
XLV Health Care Select Sector SPDR Fund | 1.58% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
IYH vs. XLV - Drawdown Comparison
The maximum IYH drawdown since its inception was -43.13%, which is greater than XLV's maximum drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for IYH and XLV. For additional features, visit the drawdowns tool.
Volatility
IYH vs. XLV - Volatility Comparison
iShares U.S. Healthcare ETF (IYH) and Health Care Select Sector SPDR Fund (XLV) have volatilities of 3.90% and 3.78%, 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.