RXL vs. XHS
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and SPDR S&P Health Care Services ETF (XHS).
RXL and XHS 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. XHS is a passively managed fund by State Street that tracks the performance of the S&P Health Care Services Select Industry Index. It was launched on Sep 28, 2011. Both RXL and XHS 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 XHS.
Performance
RXL vs. XHS - Performance Comparison
Returns By Period
In the year-to-date period, RXL achieves a 3.95% return, which is significantly higher than XHS's 3.26% return. Over the past 10 years, RXL has outperformed XHS with an annualized return of 12.32%, while XHS has yielded a comparatively lower 6.03% annualized return.
RXL
3.95%
-14.95%
-7.70%
17.09%
11.04%
12.32%
XHS
3.26%
-6.14%
0.26%
10.19%
5.96%
6.03%
Key characteristics
| RXL | XHS | |
|---|---|---|
| Sharpe Ratio | 0.82 | 0.56 |
| Sortino Ratio | 1.20 | 0.93 |
| Omega Ratio | 1.16 | 1.11 |
| Calmar Ratio | 0.64 | 0.35 |
| Martin Ratio | 3.21 | 2.50 |
| Ulcer Index | 5.56% | 3.89% |
| Daily Std Dev | 21.63% | 17.32% |
| Max Drawdown | -66.88% | -39.32% |
| Current Drawdown | -19.18% | -20.13% |
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RXL vs. XHS - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than XHS's 0.35% expense ratio.
Correlation
The correlation between RXL and XHS is 0.70, 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.
Risk-Adjusted Performance
RXL vs. XHS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) and SPDR S&P Health Care Services ETF (XHS). 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. XHS - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.19%, more than XHS's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.19% | 0.18% | 0.65% | 0.16% | 0.25% | 0.43% | 0.52% | 0.23% | 0.23% | 1.83% | 0.40% | 0.31% |
XHS SPDR S&P Health Care Services ETF | 0.33% | 0.23% | 0.19% | 0.20% | 0.23% | 2.37% | 0.34% | 0.22% | 0.29% | 0.92% | 1.17% | 0.46% |
Drawdowns
RXL vs. XHS - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.88%, which is greater than XHS's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for RXL and XHS. For additional features, visit the drawdowns tool.
Volatility
RXL vs. XHS - Volatility Comparison
ProShares Ultra Health Care (RXL) and SPDR S&P Health Care Services ETF (XHS) have volatilities of 7.11% and 6.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.