MEDX vs. XLV
Compare and contrast key facts about Horizon Kinetics Medical ETF (MEDX) and Health Care Select Sector SPDR Fund (XLV).
MEDX and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEDX is an actively managed fund by Horizon. It was launched on Sep 30, 1999. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDX or XLV.
Correlation
The correlation between MEDX and XLV is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
MEDX vs. XLV - Performance Comparison
Key characteristics
MEDX:
-0.08
XLV:
0.08
MEDX:
0.02
XLV:
0.20
MEDX:
1.00
XLV:
1.03
MEDX:
-0.06
XLV:
0.08
MEDX:
-0.14
XLV:
0.19
MEDX:
9.66%
XLV:
6.07%
MEDX:
17.58%
XLV:
14.30%
MEDX:
-23.10%
XLV:
-39.17%
MEDX:
-14.97%
XLV:
-10.34%
Returns By Period
In the year-to-date period, MEDX achieves a 1.95% return, which is significantly higher than XLV's 1.63% return.
MEDX
1.95%
-3.62%
-9.36%
-2.14%
N/A
N/A
XLV
1.63%
-3.63%
-5.36%
0.78%
8.64%
8.51%
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MEDX vs. XLV - Expense Ratio Comparison
MEDX has a 0.85% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
MEDX vs. XLV — Risk-Adjusted Performance Rank
MEDX
XLV
MEDX vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Medical ETF (MEDX) 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
MEDX vs. XLV - Dividend Comparison
MEDX's dividend yield for the trailing twelve months is around 1.88%, more than XLV's 1.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEDX Horizon Kinetics Medical ETF | 1.88% | 1.92% | 5.88% | 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 | 1.68% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% | 1.35% |
Drawdowns
MEDX vs. XLV - Drawdown Comparison
The maximum MEDX drawdown since its inception was -23.10%, smaller than the maximum XLV drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for MEDX and XLV. For additional features, visit the drawdowns tool.
Volatility
MEDX vs. XLV - Volatility Comparison
Horizon Kinetics Medical ETF (MEDX) has a higher volatility of 11.30% compared to Health Care Select Sector SPDR Fund (XLV) at 9.19%. This indicates that MEDX's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.