PINK vs. XLV
Compare and contrast key facts about Simplify Health Care ETF (PINK) and Health Care Select Sector SPDR Fund (XLV).
PINK and XLV 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. 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: PINK or XLV.
Key characteristics
| PINK | XLV | |
|---|---|---|
| YTD Return | 17.45% | 9.17% |
| 1Y Return | 33.70% | 17.76% |
| 3Y Return (Ann) | 7.01% | 4.88% |
| Sharpe Ratio | 2.55 | 1.75 |
| Sortino Ratio | 3.60 | 2.45 |
| Omega Ratio | 1.45 | 1.32 |
| Calmar Ratio | 2.52 | 2.07 |
| Martin Ratio | 13.98 | 7.72 |
| Ulcer Index | 2.47% | 2.39% |
| Daily Std Dev | 13.52% | 10.51% |
| Max Drawdown | -18.45% | -39.18% |
| Current Drawdown | -3.55% | -6.02% |
Correlation
The correlation between PINK and XLV is 0.87, 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.
Performance
PINK vs. XLV - Performance Comparison
In the year-to-date period, PINK achieves a 17.45% return, which is significantly higher than XLV's 9.17% 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. XLV - Expense Ratio Comparison
PINK has a 0.50% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
PINK vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Health Care ETF (PINK) 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
PINK vs. XLV - Dividend Comparison
PINK's dividend yield for the trailing twelve months is around 0.50%, less than XLV's 1.54% 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% |
XLV Health Care Select Sector SPDR Fund | 1.54% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
PINK vs. XLV - Drawdown Comparison
The maximum PINK drawdown since its inception was -18.45%, smaller than the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for PINK and XLV. For additional features, visit the drawdowns tool.
Volatility
PINK vs. XLV - Volatility Comparison
Simplify Health Care ETF (PINK) has a higher volatility of 4.30% compared to Health Care Select Sector SPDR Fund (XLV) at 3.06%. This indicates that PINK'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.