RXL vs. SPY
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and SPDR S&P 500 ETF (SPY).
RXL and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RXL and SPY 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: RXL or SPY.
Correlation
The correlation between RXL and SPY is 0.74, 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
RXL vs. SPY - Performance Comparison
Key characteristics
RXL:
-0.22
SPY:
0.32
RXL:
-0.16
SPY:
0.51
RXL:
0.98
SPY:
1.07
RXL:
-0.21
SPY:
0.39
RXL:
-0.47
SPY:
1.52
RXL:
11.27%
SPY:
3.13%
RXL:
23.44%
SPY:
14.74%
RXL:
-66.81%
SPY:
-55.19%
RXL:
-18.36%
SPY:
-12.17%
Returns By Period
In the year-to-date period, RXL achieves a 7.32% return, which is significantly higher than SPY's -8.15% return. Over the past 10 years, RXL has underperformed SPY with an annualized return of 11.08%, while SPY has yielded a comparatively higher 11.89% annualized return.
RXL
7.32%
-6.83%
-12.40%
-5.08%
17.51%
11.08%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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RXL vs. SPY - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RXL vs. SPY — Risk-Adjusted Performance Rank
RXL
SPY
RXL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) and SPDR S&P 500 ETF (SPY). 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
RXL vs. SPY - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.51%, more than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.51% | 1.51% | 0.37% | 0.55% | 0.16% | 0.15% | 0.43% | 0.52% | 0.11% | 0.21% | 1.03% | 0.25% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RXL vs. SPY - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.81%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RXL and SPY. For additional features, visit the drawdowns tool.
Volatility
RXL vs. SPY - Volatility Comparison
The current volatility for ProShares Ultra Health Care (RXL) is 6.90%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.47%. This indicates that RXL experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.