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UNHW vs. XPH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UNHW vs. XPH

Last updated Jun 23, 2026

UNHW (Roundhill UNH WeeklyPay ETF) and XPH (SPDR S&P Pharmaceuticals ETF) are both exchange-traded funds - UNHW is a Leveraged Equities fund actively managed by Roundhill Investments, while XPH is a Health & Biotech Equities fund tracking the S&P Pharmaceuticals Select Industry Index. UNHW is actively managed, while XPH is passively managed. At a 0.09 correlation, their price movements are largely independent. UNHW charges 0.99%/yr vs 0.35%/yr for XPH.

Performance

UNHW vs. XPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill UNH WeeklyPay ETF (UNHW) and SPDR S&P Pharmaceuticals ETF (XPH). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UNHW achieves a 26.25% return, which is significantly higher than XPH's 11.13% return.

UNHW

1D
1.74%
1M
5.96%
YTD
26.25%
6M
28.81%
1Y
—
3Y*
—
5Y*
—
10Y*
—

XPH

1D
1.85%
1M
7.58%
YTD
11.13%
6M
9.03%
1Y
54.24%
3Y*
15.94%
5Y*
5.10%
10Y*
5.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UNHW vs. XPH - Yearly Performance Comparison

2026 (YTD)2025
UNHW
Roundhill UNH WeeklyPay ETF		26.25%1.54%
XPH
SPDR S&P Pharmaceuticals ETF		11.13%6.60%

Correlation

The correlation between UNHW and XPH is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (All Time)
Calculated using the full available price history since Dec 3, 2025

0.09

UNHW vs. XPH - Sectors Allocation Comparison

Sectors
UNHW
XPH

Healthcare

29.0%
100.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Healthcare

UNHW
29.0%
XPH
100.0%

Basic Materials

UNHW

-

XPH

-

Communication Services

UNHW

-

XPH

-

Consumer Cyclical

UNHW

-

XPH

-

Consumer Defensive

UNHW

-

XPH

-

Energy

UNHW

-

XPH

-

Financial Services

UNHW

-

XPH

-

Industrials

UNHW

-

XPH

-

Real Estate

UNHW

-

XPH

-

Technology

UNHW

-

XPH

-

Utilities

UNHW

-

XPH

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill UNH WeeklyPay ETF

SPDR S&P Pharmaceuticals ETF

Often compared with UNHW:
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Often compared with XPH:
XPH vs. PPHXPH vs. IHEXPH vs. XLVXPH vs. PJPXPH vs. VHTXPH vs. ALCXPH vs. FXAIX

Return for Risk

UNHW vs. XPH — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XPH
XPH Risk / Return Rank: 8080
Overall Rank
XPH Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
XPH Sortino Ratio Rank: 8080
Sortino Ratio Rank
XPH Omega Ratio Rank: 7272
Omega Ratio Rank
XPH Calmar Ratio Rank: 8686
Calmar Ratio Rank
XPH Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UNHW vs. XPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill UNH WeeklyPay ETF (UNHW) and SPDR S&P Pharmaceuticals ETF (XPH). 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.

UNHWXPHDifference
Sharpe ratioReturn per unit of total volatility

—

2.51

—

Sortino ratioReturn per unit of downside risk

—

3.38

—

Omega ratioGain probability vs. loss probability

—

1.41

—

Calmar ratioReturn relative to maximum drawdown

—

4.55

—

Martin ratioReturn relative to average drawdown

—

16.31

—

UNHW vs. XPH - Sharpe Ratio Comparison

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Drawdowns

UNHW vs. XPH - Drawdown Comparison

The maximum UNHW drawdown since its inception was -32.28%, smaller than the maximum XPH drawdown of -48.03%. Use the drawdown chart below to compare losses from any high point for UNHW and XPH.

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Drawdown Indicators

UNHWXPHDifference

Max Drawdown

Largest peak-to-trough decline

-32.28%

-48.03%

+15.75%

Max Drawdown (1Y)

Largest decline over 1 year

—

-11.97%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-23.57%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-31.63%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.97%

—

Current Drawdown

Current decline from peak

-1.07%

0.00%

-1.07%

Average Drawdown

Average peak-to-trough decline

-11.40%

-17.21%

+5.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

3.33%

—

Volatility

UNHW vs. XPH - Volatility Comparison

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Volatility by Period

UNHWXPHDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.16%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

16.59%

—

Volatility (1Y)

Calculated over the trailing 1-year period

48.79%

21.76%

+27.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

48.79%

20.91%

+27.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.79%

22.12%

+26.67%

UNHW vs. XPH - Expense Ratio Comparison

UNHW has a 0.99% expense ratio, which is higher than XPH's 0.35% expense ratio.

Dividends

UNHW vs. XPH - Dividend Comparison

UNHW's dividend yield for the trailing twelve months is around 18.25%, more than XPH's 0.69% yield.

PositionTTM20252024202320222021202020192018201720162015
UNHW
Roundhill UNH WeeklyPay ETF		18.25%2.81%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XPH
SPDR S&P Pharmaceuticals ETF		0.69%0.83%1.58%1.28%1.64%0.95%0.47%0.64%0.65%0.67%0.63%7.15%

Frequently Asked Questions

UNHW and XPH have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XPH is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XPH is cheaper with a 0.35% expense ratio, compared with 0.99% for UNHW.

UNHW has the higher dividend yield at 18.25%, compared with 0.69% for XPH.

UNHW is categorized as Leveraged Equities, while XPH is Health & Biotech Equities. They also come from different issuers: Roundhill Investments and State Street. Their fees differ too: 0.99% for UNHW and 0.35% for XPH.

Portfolio Optimizer

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