JDOC vs. XLV

Last updated Jun 24, 2026

JDOC (Jpmorgan Healthcare Leaders ETF) and XLV (State Street Health Care Select Sector SPDR ETF) are both Health & Biotech Equities funds. JDOC is actively managed, while XLV is passively managed. Over the past year, JDOC returned 17.29% vs 17.16% for XLV. Their correlation of 0.90 suggests significant overlap in exposure. JDOC charges 0.65%/yr vs 0.08%/yr for XLV.

Performance

JDOC vs. XLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Healthcare Leaders ETF (JDOC) and State Street Health Care Select Sector SPDR ETF (XLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDOC achieves a -0.08% return, which is significantly higher than XLV's -0.85% return.

JDOC

• 1D: 1.11%
• 1M: 2.00%
• YTD: -0.08%
• 6M: -0.49%
• 1Y: 17.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLV

• 1D: 1.41%
• 1M: 1.98%
• YTD: -0.85%
• 6M: -0.97%
• 1Y: 17.16%
• 3Y*: 6.63%
• 5Y*: 5.69%
• 10Y*: 10.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JDOC vs. XLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDOC Jpmorgan Healthcare Leaders ETF	-0.08%	15.36%	-1.04%	7.92%
XLV State Street Health Care Select Sector SPDR ETF	-0.85%	14.50%	2.47%	9.77%

Correlation

The correlation between JDOC and XLV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.90

The correlation between JDOC and XLV has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

JDOC vs. XLV - Sectors Allocation Comparison

Sectors	JDOC	XLV
Healthcare	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

JDOC vs. XLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JDOC

JDOC Risk / Return Rank: 36
JDOC Sharpe Ratio Rank: 36
JDOC Sortino Ratio Rank: 39
JDOC Omega Ratio Rank: 34
JDOC Calmar Ratio Rank: 38
JDOC Martin Ratio Rank: 33

XLV

XLV Risk / Return Rank: 32
XLV Sharpe Ratio Rank: 33
XLV Sortino Ratio Rank: 36
XLV Omega Ratio Rank: 31
XLV Calmar Ratio Rank: 34
XLV Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JDOC vs. XLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Healthcare Leaders ETF (JDOC) and State Street Health Care Select Sector SPDR ETF (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JDOC	XLV	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.14	+0.07
Sortino ratio: Return per unit of downside risk	1.92	1.81	+0.11
Omega ratio: Gain probability vs. loss probability	1.22	1.20	+0.01
Calmar ratio: Return relative to maximum drawdown	1.79	1.65	+0.15
Martin ratio: Return relative to average drawdown	4.54	3.89	+0.66

JDOC vs. XLV - Sharpe Ratio Comparison

The current JDOC Sharpe Ratio is 1.21, which is comparable to the XLV Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of JDOC and XLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDOC vs. XLV - Drawdown Comparison

The maximum JDOC drawdown since its inception was -20.87%, smaller than the maximum XLV drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for JDOC and XLV.

Drawdown Indicators

	JDOC	XLV	Difference
Max Drawdown Largest peak-to-trough decline	-20.87%	-39.17%	+18.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-10.47%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.40%	—
Current Drawdown Current decline from peak	-3.20%	-4.20%	+1.00%
Average Drawdown Average peak-to-trough decline	-6.93%	-7.12%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.81%	4.42%	-0.61%

Volatility

JDOC vs. XLV - Volatility Comparison

Jpmorgan Healthcare Leaders ETF (JDOC) and State Street Health Care Select Sector SPDR ETF (XLV) have volatilities of 5.26% and 5.27%, 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.

Volatility by Period

	JDOC	XLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	5.27%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	10.56%	10.68%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.35%	15.09%	-0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.52%	14.77%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.52%	16.57%	-2.05%

JDOC vs. XLV - Expense Ratio Comparison

JDOC has a 0.65% expense ratio, which is higher than XLV's 0.08% expense ratio.

Dividends

JDOC vs. XLV - Dividend Comparison

JDOC's dividend yield for the trailing twelve months is around 0.89%, less than XLV's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JDOC Jpmorgan Healthcare Leaders ETF	0.89%	0.89%	5.57%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLV State Street Health Care Select Sector SPDR ETF	1.66%	1.60%	1.67%	1.59%	1.47%	1.33%	1.49%	2.17%	1.57%	1.47%	1.60%	1.43%

Frequently Asked Questions

Can I hold both JDOC and XLV in my portfolio?

With a correlation of 0.91, JDOC and XLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JDOC or XLV?

XLV has higher volatility (5.27%) compared to JDOC (5.26%). In terms of maximum drawdown, JDOC dropped -20.87% vs XLV's -39.17%.

Which ETF is better, JDOC or XLV?

On 1-year performance, JDOC leads with 17.29% vs 17.16% for XLV. On fees, XLV is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDOC or XLV?

Over the 1-year period, JDOC has performed better with a 17.29% return vs 17.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDOC or XLV?

XLV is cheaper with a 0.08% expense ratio, compared with 0.65% for JDOC.

Which ETF pays a higher dividend yield, JDOC or XLV?

XLV has the higher dividend yield at 1.66%, compared with 0.89% for JDOC.

What is the main difference between JDOC and XLV?

They also come from different issuers: JPMorgan and State Street. Their fees differ too: 0.65% for JDOC and 0.08% for XLV.

Which has better risk-adjusted returns?

JDOC currently has the higher Sharpe Ratio (1.21 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.