Correlation
The correlation between PTH 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.
PTH vs. XLV
Compare and contrast key facts about Invesco DWA Healthcare Momentum ETF (PTH) and Health Care Select Sector SPDR Fund (XLV).
PTH and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTH is a passively managed fund by Invesco that tracks the performance of the Dynamic Healthcare Sector Intellidex Index. It was launched on Oct 12, 2006. 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 PTH 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: PTH or XLV.
Performance
PTH vs. XLV - Performance Comparison
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Key characteristics
PTH:
-0.45
XLV:
-0.31
PTH:
-0.45
XLV:
-0.37
PTH:
0.95
XLV:
0.95
PTH:
-0.27
XLV:
-0.32
PTH:
-0.97
XLV:
-0.75
PTH:
12.53%
XLV:
7.35%
PTH:
27.31%
XLV:
15.92%
PTH:
-53.52%
XLV:
-39.17%
PTH:
-41.59%
XLV:
-14.62%
Returns By Period
In the year-to-date period, PTH achieves a -8.44% return, which is significantly lower than XLV's -3.21% return. Over the past 10 years, PTH has underperformed XLV with an annualized return of 5.82%, while XLV has yielded a comparatively higher 7.65% annualized return.
PTH
-8.44%
-7.80%
-18.89%
-12.50%
-2.59%
-0.72%
5.82%
XLV
-3.21%
-2.93%
-9.26%
-6.21%
1.73%
6.85%
7.65%
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PTH vs. XLV - Expense Ratio Comparison
PTH has a 0.60% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
PTH vs. XLV — Risk-Adjusted Performance Rank
PTH
XLV
PTH vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) 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
PTH vs. XLV - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 0.07%, less than XLV's 1.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 0.07% | 0.06% | 0.00% | 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 | 1.76% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% |
Drawdowns
PTH vs. XLV - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for PTH and XLV.
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Volatility
PTH vs. XLV - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 8.11% compared to Health Care Select Sector SPDR Fund (XLV) at 7.59%. This indicates that PTH'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.
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