Correlation
The correlation between PSCH and XLV is 0.75, 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.
PSCH vs. XLV
Compare and contrast key facts about Invesco S&P SmallCap Health Care ETF (PSCH) and Health Care Select Sector SPDR Fund (XLV).
PSCH and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCH is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Health Care Index. It was launched on Apr 7, 2010. 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 PSCH 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: PSCH or XLV.
Performance
PSCH vs. XLV - Performance Comparison
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Key characteristics
PSCH:
-0.22
XLV:
-0.44
PSCH:
-0.20
XLV:
-0.61
PSCH:
0.98
XLV:
0.92
PSCH:
-0.15
XLV:
-0.49
PSCH:
-0.71
XLV:
-1.16
PSCH:
8.87%
XLV:
7.17%
PSCH:
24.67%
XLV:
15.99%
PSCH:
-47.32%
XLV:
-39.17%
PSCH:
-38.28%
XLV:
-14.93%
Returns By Period
In the year-to-date period, PSCH achieves a -8.21% return, which is significantly lower than XLV's -3.56% return. Over the past 10 years, PSCH has underperformed XLV with an annualized return of 5.83%, while XLV has yielded a comparatively higher 7.59% annualized return.
PSCH
-8.21%
-0.59%
-14.61%
-5.36%
-4.74%
0.18%
5.83%
XLV
-3.56%
-4.27%
-8.82%
-7.01%
1.15%
7.03%
7.59%
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PSCH vs. XLV - Expense Ratio Comparison
PSCH has a 0.29% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
PSCH vs. XLV — Risk-Adjusted Performance Rank
PSCH
XLV
PSCH vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Health Care ETF (PSCH) 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.
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Dividends
PSCH vs. XLV - Dividend Comparison
PSCH's dividend yield for the trailing twelve months is around 0.24%, less than XLV's 1.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCH Invesco S&P SmallCap Health Care ETF | 0.24% | 0.27% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 1.02% |
XLV Health Care Select Sector SPDR Fund | 1.77% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% |
Drawdowns
PSCH vs. XLV - Drawdown Comparison
The maximum PSCH drawdown since its inception was -47.32%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for PSCH and XLV.
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Volatility
PSCH vs. XLV - Volatility Comparison
The current volatility for Invesco S&P SmallCap Health Care ETF (PSCH) is 6.79%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 7.66%. This indicates that PSCH experiences smaller price fluctuations and is considered to be less risky than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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