ROOT vs. XLV
ROOT (Root, Inc.) is a stock, while XLV (State Street Health Care Select Sector SPDR ETF) is Health & Biotech Equities fund tracking the Health Care Select Sector Index. Over the past 5 years, ROOT returned -16.25%/yr vs 6.31%/yr for XLV. At a 0.19 correlation, their price movements are largely independent.
Performance
ROOT vs. XLV - Performance Comparison
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Returns By Period
In the year-to-date period, ROOT achieves a -17.44% return, which is significantly lower than XLV's 4.95% return.
ROOT
- 1D
- 0.34%
- 1M
- 22.95%
- 6M
- -15.02%
- YTD
- -17.44%
- 1Y
- -53.04%
- 3Y*
- 77.57%
- 5Y*
- -16.25%
- 10Y*
- —
XLV
- 1D
- -0.44%
- 1M
- 7.36%
- 6M
- 4.32%
- YTD
- 4.95%
- 1Y
- 23.50%
- 3Y*
- 8.65%
- 5Y*
- 6.31%
- 10Y*
- 9.92%
ROOT vs. XLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ROOT Root, Inc. | -17.44% | -0.50% | 592.65% | 133.41% | -91.95% | -80.27% | -39.58% |
XLV State Street Health Care Select Sector SPDR ETF | 4.95% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 7.57% |
Correlation
The correlation between ROOT and XLV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.19 |
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Return for Risk
ROOT vs. XLV — Risk / Return Rank
ROOT
XLV
ROOT vs. XLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Root, Inc. (ROOT) and State Street Health Care Select Sector SPDR ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ROOT | XLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.26 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.25 | -3.05 |
| Martin ratioReturn relative to average drawdown | -1.11 | 5.33 | -6.44 |
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Drawdowns
ROOT vs. XLV - Drawdown Comparison
The maximum ROOT drawdown since its inception was -99.29%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for ROOT and XLV.
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Drawdown Indicators
| ROOT | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.29% | -39.17% | -60.12% |
Max Drawdown (1Y)Largest decline over 1 year | -67.10% | -10.47% | -56.63% |
Max Drawdown (3Y)Largest decline over 3 years | -75.68% | -17.11% | -58.57% |
Max Drawdown (5Y)Largest decline over 5 years | -97.66% | -17.11% | -80.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.40% | — |
Current DrawdownCurrent decline from peak | -87.73% | -2.04% | -85.69% |
Average DrawdownAverage peak-to-trough decline | -83.81% | -7.10% | -76.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.93% | 4.42% | +43.51% |
Volatility
ROOT vs. XLV - Volatility Comparison
Root, Inc. (ROOT) has a higher volatility of 26.13% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 6.44%. This indicates that ROOT'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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Volatility by Period
| ROOT | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.13% | 6.44% | +19.69% |
Volatility (6M)Calculated over the trailing 6-month period | 48.43% | 11.87% | +36.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.52% | 15.85% | +53.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.84% | 14.99% | +86.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 99.76% | 16.63% | +83.13% |
Dividends
ROOT vs. XLV - Dividend Comparison
ROOT has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROOT Root, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV State Street Health Care Select Sector SPDR ETF | 1.57% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
Frequently Asked Questions
ROOT and XLV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROOT has higher volatility (26.13%) compared to XLV (6.44%). In terms of maximum drawdown, ROOT dropped -99.29% vs XLV's -39.17%.
XLV currently has the higher Sharpe Ratio (1.49 vs -0.77), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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