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SPXV vs. XLK
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXV and XLK is 0.86, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

SPXV vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Health Care ETF (SPXV) and Technology Select Sector SPDR Fund (XLK). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
222.10%
445.45%
SPXV
XLK

Key characteristics

Sharpe Ratio

SPXV:

0.57

XLK:

0.22

Sortino Ratio

SPXV:

0.93

XLK:

0.51

Omega Ratio

SPXV:

1.14

XLK:

1.07

Calmar Ratio

SPXV:

0.60

XLK:

0.25

Martin Ratio

SPXV:

2.41

XLK:

0.83

Ulcer Index

SPXV:

4.92%

XLK:

7.83%

Daily Std Dev

SPXV:

20.80%

XLK:

30.22%

Max Drawdown

SPXV:

-34.34%

XLK:

-82.05%

Current Drawdown

SPXV:

-10.36%

XLK:

-13.77%

Returns By Period

In the year-to-date period, SPXV achieves a -6.40% return, which is significantly higher than XLK's -10.19% return.


SPXV

YTD

-6.40%

1M

-3.04%

6M

-3.99%

1Y

12.25%

5Y*

17.20%

10Y*

N/A

XLK

YTD

-10.19%

1M

-2.35%

6M

-9.17%

1Y

6.24%

5Y*

19.71%

10Y*

18.48%

*Annualized

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SPXV vs. XLK - Expense Ratio Comparison

SPXV has a 0.27% expense ratio, which is higher than XLK's 0.13% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for SPXV: current value is 0.27%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXV: 0.27%
Expense ratio chart for XLK: current value is 0.13%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
XLK: 0.13%

Risk-Adjusted Performance

SPXV vs. XLK — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPXV
The Risk-Adjusted Performance Rank of SPXV is 6565
Overall Rank
The Sharpe Ratio Rank of SPXV is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXV is 6363
Sortino Ratio Rank
The Omega Ratio Rank of SPXV is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPXV is 6868
Calmar Ratio Rank
The Martin Ratio Rank of SPXV is 6666
Martin Ratio Rank

XLK
The Risk-Adjusted Performance Rank of XLK is 3838
Overall Rank
The Sharpe Ratio Rank of XLK is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of XLK is 3939
Sortino Ratio Rank
The Omega Ratio Rank of XLK is 3838
Omega Ratio Rank
The Calmar Ratio Rank of XLK is 4141
Calmar Ratio Rank
The Martin Ratio Rank of XLK is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXV vs. XLK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Health Care ETF (SPXV) and Technology Select Sector SPDR Fund (XLK). 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.


The chart of Sharpe ratio for SPXV, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
SPXV: 0.57
XLK: 0.22
The chart of Sortino ratio for SPXV, currently valued at 0.93, compared to the broader market-2.000.002.004.006.008.00
SPXV: 0.93
XLK: 0.51
The chart of Omega ratio for SPXV, currently valued at 1.14, compared to the broader market0.501.001.502.00
SPXV: 1.14
XLK: 1.07
The chart of Calmar ratio for SPXV, currently valued at 0.60, compared to the broader market0.002.004.006.008.0010.0012.00
SPXV: 0.60
XLK: 0.25
The chart of Martin ratio for SPXV, currently valued at 2.41, compared to the broader market0.0020.0040.0060.00
SPXV: 2.41
XLK: 0.83

The current SPXV Sharpe Ratio is 0.57, which is higher than the XLK Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of SPXV and XLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.57
0.22
SPXV
XLK

Dividends

SPXV vs. XLK - Dividend Comparison

SPXV's dividend yield for the trailing twelve months is around 1.23%, more than XLK's 0.75% yield.


TTM20242023202220212020201920182017201620152014
SPXV
ProShares S&P 500 Ex-Health Care ETF
1.23%1.12%1.27%1.67%1.40%1.45%1.58%1.90%1.56%3.08%0.00%0.00%
XLK
Technology Select Sector SPDR Fund
0.75%0.66%0.76%1.04%0.65%0.92%1.16%1.60%1.37%1.74%1.79%1.75%

Drawdowns

SPXV vs. XLK - Drawdown Comparison

The maximum SPXV drawdown since its inception was -34.34%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for SPXV and XLK. For additional features, visit the drawdowns tool.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.36%
-13.77%
SPXV
XLK

Volatility

SPXV vs. XLK - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Health Care ETF (SPXV) is 15.07%, while Technology Select Sector SPDR Fund (XLK) has a volatility of 19.02%. This indicates that SPXV experiences smaller price fluctuations and is considered to be less risky than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
15.07%
19.02%
SPXV
XLK