PINK vs. XBI
Compare and contrast key facts about Simplify Health Care ETF (PINK) and SPDR S&P Biotech ETF (XBI).
PINK and XBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PINK is an actively managed fund by Simplify. It was launched on Oct 7, 2021. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PINK or XBI.
Key characteristics
| PINK | XBI | |
|---|---|---|
| YTD Return | 17.75% | 16.84% |
| 1Y Return | 36.13% | 56.69% |
| 3Y Return (Ann) | 7.32% | -6.75% |
| Sharpe Ratio | 2.35 | 1.89 |
| Sortino Ratio | 3.28 | 2.60 |
| Omega Ratio | 1.42 | 1.31 |
| Calmar Ratio | 2.15 | 0.81 |
| Martin Ratio | 13.17 | 6.53 |
| Ulcer Index | 2.46% | 7.70% |
| Daily Std Dev | 13.73% | 26.60% |
| Max Drawdown | -18.45% | -63.89% |
| Current Drawdown | -3.31% | -40.01% |
Correlation
The correlation between PINK and XBI is 0.66, 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
PINK vs. XBI - Performance Comparison
In the year-to-date period, PINK achieves a 17.75% return, which is significantly higher than XBI's 16.84% 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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PINK vs. XBI - Expense Ratio Comparison
PINK has a 0.50% expense ratio, which is higher than XBI's 0.35% expense ratio.
Risk-Adjusted Performance
PINK vs. XBI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) and SPDR S&P Biotech ETF (XBI). 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
PINK vs. XBI - Dividend Comparison
PINK's dividend yield for the trailing twelve months is around 0.50%, more than XBI's 0.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PINK Simplify Health Care ETF | 0.50% | 0.94% | 0.42% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBI SPDR S&P Biotech ETF | 0.14% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
PINK vs. XBI - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.45%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for PINK and XBI. For additional features, visit the drawdowns tool.
Volatility
PINK vs. XBI - Volatility Comparison
The current volatility for Simplify Health Care ETF (PINK) is 4.03%, while SPDR S&P Biotech ETF (XBI) has a volatility of 5.37%. This indicates that PINK experiences smaller price fluctuations and is considered to be less risky than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.