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.
Key characteristics
| PSCH | XLV | |
|---|---|---|
| YTD Return | 11.77% | 11.36% |
| 1Y Return | 37.08% | 21.54% |
| 3Y Return (Ann) | -9.16% | 5.75% |
| 5Y Return (Ann) | 4.01% | 11.47% |
| 10Y Return (Ann) | 9.53% | 10.04% |
| Sharpe Ratio | 1.60 | 1.79 |
| Sortino Ratio | 2.44 | 2.47 |
| Omega Ratio | 1.28 | 1.33 |
| Calmar Ratio | 0.73 | 1.91 |
| Martin Ratio | 9.69 | 8.13 |
| Ulcer Index | 3.56% | 2.34% |
| Daily Std Dev | 21.54% | 10.61% |
| Max Drawdown | -47.32% | -39.18% |
| Current Drawdown | -27.58% | -4.13% |
Correlation
The correlation between PSCH and XLV is 0.70, 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
PSCH vs. XLV - Performance Comparison
The year-to-date returns for both stocks are quite close, with PSCH having a 11.77% return and XLV slightly lower at 11.36%. Over the past 10 years, PSCH has underperformed XLV with an annualized return of 9.53%, while XLV has yielded a comparatively higher 10.04% annualized 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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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 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.
Dividends
PSCH vs. XLV - Dividend Comparison
PSCH's dividend yield for the trailing twelve months is around 0.22%, less than XLV's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCH Invesco S&P SmallCap Health Care ETF | 0.22% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 1.02% | 0.03% |
XLV Health Care Select Sector SPDR Fund | 1.51% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
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 -39.18%. Use the drawdown chart below to compare losses from any high point for PSCH and XLV. For additional features, visit the drawdowns tool.
Volatility
PSCH vs. XLV - Volatility Comparison
Invesco S&P SmallCap Health Care ETF (PSCH) has a higher volatility of 6.90% compared to Health Care Select Sector SPDR Fund (XLV) at 2.98%. This indicates that PSCH'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.