RXD vs. XLV
RXD (ProShares UltraShort Health Care) and XLV (State Street Health Care Select Sector SPDR ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), while XLV is a Health & Biotech Equities fund tracking the Health Care Select Sector Index. Both are passively managed. Over the past 10 years, RXD returned -19.63%/yr vs 9.81%/yr for XLV. Their -0.85 correlation means they have often moved in opposite directions in the past. RXD charges 0.95%/yr vs 0.08%/yr for XLV.
Performance
RXD vs. XLV - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -10.24% return, which is significantly lower than XLV's 5.90% return. Over the past 10 years, RXD has underperformed XLV with an annualized return of -19.63%, while XLV has yielded a comparatively higher 9.81% annualized return.
RXD
- 1D
- 0.47%
- 1M
- 0.46%
- 6M
- -10.79%
- YTD
- -10.24%
- 1Y
- -35.49%
- 3Y*
- -10.24%
- 5Y*
- -7.59%
- 10Y*
- -19.63%
- ALL TIME*
- -22.75%
XLV
- 1D
- -0.59%
- 1M
- -0.73%
- 6M
- 5.94%
- YTD
- 5.90%
- 1Y
- 26.13%
- 3Y*
- 8.60%
- 5Y*
- 5.93%
- 10Y*
- 9.81%
- ALL TIME*
- 8.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $208.34K | $158.30K | $97.64K | |
| $1.43B | $1.62B | $1.62B |
RXD vs. XLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -10.24% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
XLV State Street Health Care Select Sector SPDR ETF | 5.90% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 13.30% | 20.45% | 6.28% | 21.77% |
Correlation
The correlation between RXD and XLV is -0.99, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.99 |
Correlation (3Y) Balances recent behavior with more history. | -0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.85 |
The correlation between RXD and XLV shifts across timeframes, from -0.99 (1 year) to -0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RXD vs. XLV — Risk / Return Rank
RXD
XLV
RXD vs. XLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | XLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.30 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.30 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 2.57 | -3.46 |
| Martin ratioReturn relative to average drawdown | -1.40 | 6.15 | -7.55 |
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Drawdowns
RXD vs. XLV - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.68%, which is greater than XLV's maximum drawdown of -39.17%. Use the drawdown chart below to compare losses from any high point for RXD and XLV.
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Drawdown Indicators
| RXD | XLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.68% | -39.17% | -60.51% |
Max Drawdown (1Y)Largest decline over 1 year | -40.79% | -10.47% | -30.32% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -17.11% | -25.47% |
Max Drawdown (5Y)Largest decline over 5 years | -46.11% | -17.11% | -29.00% |
Max Drawdown (10Y)Largest decline over 10 years | -91.52% | -28.40% | -63.12% |
Current DrawdownCurrent decline from peak | -99.67% | -2.82% | -96.85% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -7.09% | -74.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.78% | 4.37% | +21.41% |
Volatility
RXD vs. XLV - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 11.80% compared to State Street Health Care Select Sector SPDR ETF (XLV) at 6.03%. This indicates that RXD'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
| RXD | XLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 6.03% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 12.07% | +12.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 15.90% | +15.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 15.04% | +15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 16.66% | +16.49% |
RXD vs. XLV - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than XLV's 0.08% expense ratio.
Dividends
RXD vs. XLV - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.31%, more than XLV's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.31% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
XLV State Street Health Care Select Sector SPDR ETF | 1.56% | 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
RXD and XLV have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (11.80%) compared to XLV (6.03%). In terms of maximum drawdown, RXD dropped -99.68% vs XLV's -39.17%.
On 10-year performance, XLV leads with 9.81% vs -19.63% for RXD. On fees, XLV is cheaper at 0.08% per year. On volatility, XLV has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XLV has performed better with a 9.81% return vs -19.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLV is cheaper with a 0.08% expense ratio, compared with 0.95% for RXD.
RXD has the higher dividend yield at 3.31%, compared with 1.56% for XLV.
RXD is categorized as Leveraged Equities, while XLV is Health & Biotech Equities. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while XLV tracks Health Care Select Sector Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.95% for RXD and 0.08% for XLV.
XLV currently has the higher Sharpe Ratio (1.72 vs -1.16), 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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