Correlation
The correlation between RSPH 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.
RSPH vs. XLV
Compare and contrast key facts about Invesco S&P 500 Equal Weight Health Care ETF (RSPH) and Health Care Select Sector SPDR Fund (XLV).
RSPH and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RSPH is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Health Care -SEC. It was launched on Nov 1, 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 RSPH 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: RSPH or XLV.
Performance
RSPH vs. XLV - Performance Comparison
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Key characteristics
RSPH:
-0.19
XLV:
-0.32
RSPH:
-0.32
XLV:
-0.48
RSPH:
0.96
XLV:
0.94
RSPH:
-0.30
XLV:
-0.40
RSPH:
-0.77
XLV:
-0.94
RSPH:
6.78%
XLV:
7.29%
RSPH:
16.96%
XLV:
15.94%
RSPH:
-40.79%
XLV:
-39.17%
RSPH:
-11.07%
XLV:
-14.80%
Returns By Period
In the year-to-date period, RSPH achieves a -1.63% return, which is significantly higher than XLV's -3.42% return. Over the past 10 years, RSPH has underperformed XLV with an annualized return of 6.62%, while XLV has yielded a comparatively higher 7.56% annualized return.
RSPH
-1.63%
1.30%
-7.38%
-3.22%
0.50%
5.56%
6.62%
XLV
-3.42%
-4.97%
-9.17%
-4.99%
1.21%
6.81%
7.56%
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RSPH vs. XLV - Expense Ratio Comparison
RSPH has a 0.40% expense ratio, which is higher than XLV's 0.12% expense ratio.
Risk-Adjusted Performance
RSPH vs. XLV — Risk-Adjusted Performance Rank
RSPH
XLV
RSPH vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Health Care ETF (RSPH) 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
RSPH vs. XLV - Dividend Comparison
RSPH's dividend yield for the trailing twelve months is around 0.76%, less than XLV's 1.77% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSPH Invesco S&P 500 Equal Weight Health Care ETF | 0.76% | 0.71% | 0.66% | 0.64% | 0.50% | 0.50% | 0.54% | 0.53% | 0.47% | 0.48% | 0.49% | 0.43% |
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
RSPH vs. XLV - Drawdown Comparison
The maximum RSPH drawdown since its inception was -40.79%, roughly equal to the maximum XLV drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for RSPH and XLV.
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Volatility
RSPH vs. XLV - Volatility Comparison
The current volatility for Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is 7.07%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 7.66%. This indicates that RSPH 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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