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.
Key characteristics
| PTH | XLV | |
|---|---|---|
| YTD Return | 9.99% | 7.59% |
| 1Y Return | 6.80% | 13.56% |
| 3Y Return (Ann) | -4.03% | 7.47% |
| 5Y Return (Ann) | 10.31% | 12.53% |
| 10Y Return (Ann) | 11.26% | 11.46% |
| Sharpe Ratio | 0.22 | 1.19 |
| Daily Std Dev | 24.59% | 10.61% |
| Max Drawdown | -53.52% | -39.18% |
| Current Drawdown | -31.45% | -1.04% |
Correlation
The correlation between PTH and XLV is 0.72, 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
PTH vs. XLV - Performance Comparison
In the year-to-date period, PTH achieves a 9.99% return, which is significantly higher than XLV's 7.59% return. Both investments have delivered pretty close results over the past 10 years, with PTH having a 11.26% annualized return and XLV not far ahead at 11.46%. 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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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 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.
Dividends
PTH vs. XLV - Dividend Comparison
PTH has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.51%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% |
XLV Health Care Select Sector SPDR Fund | 1.51% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
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 -39.18%. Use the drawdown chart below to compare losses from any high point for PTH and XLV. For additional features, visit the drawdowns tool.
Volatility
PTH vs. XLV - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 6.30% compared to Health Care Select Sector SPDR Fund (XLV) at 2.41%. 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.