XHE vs. ARKG
Compare and contrast key facts about SPDR S&P Health Care Equipment ETF (XHE) and ARK Genomic Revolution Multi-Sector ETF (ARKG).
XHE and ARKG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHE is a passively managed fund by State Street that tracks the performance of the S&P Health Care Equipment Select Industry Index. It was launched on Jan 26, 2011. ARKG is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XHE or ARKG.
Key characteristics
| XHE | ARKG | |
|---|---|---|
| YTD Return | 7.98% | -21.82% |
| 1Y Return | 25.54% | -1.19% |
| 3Y Return (Ann) | -10.27% | -29.49% |
| 5Y Return (Ann) | 1.82% | -3.32% |
| 10Y Return (Ann) | 9.09% | 3.44% |
| Sharpe Ratio | 1.59 | 0.18 |
| Sortino Ratio | 2.35 | 0.58 |
| Omega Ratio | 1.28 | 1.06 |
| Calmar Ratio | 0.70 | 0.09 |
| Martin Ratio | 10.27 | 0.34 |
| Ulcer Index | 3.12% | 22.10% |
| Daily Std Dev | 20.10% | 40.94% |
| Max Drawdown | -49.92% | -80.10% |
| Current Drawdown | -31.71% | -77.05% |
Correlation
The correlation between XHE and ARKG is 0.72, 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
XHE vs. ARKG - Performance Comparison
In the year-to-date period, XHE achieves a 7.98% return, which is significantly higher than ARKG's -21.82% return. Over the past 10 years, XHE has outperformed ARKG with an annualized return of 9.09%, while ARKG has yielded a comparatively lower 3.44% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XHE vs. ARKG - Expense Ratio Comparison
XHE has a 0.35% expense ratio, which is lower than ARKG's 0.75% expense ratio.
Risk-Adjusted Performance
XHE vs. ARKG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Equipment ETF (XHE) and ARK Genomic Revolution Multi-Sector ETF (ARKG). 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
XHE vs. ARKG - Dividend Comparison
XHE's dividend yield for the trailing twelve months is around 0.04%, while ARKG has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHE SPDR S&P Health Care Equipment ETF | 0.04% | 0.03% | 0.04% | 0.00% | 0.00% | 0.05% | 0.09% | 0.78% | 0.17% | 7.22% | 1.83% | 0.19% |
ARKG ARK Genomic Revolution Multi-Sector ETF | 0.00% | 0.00% | 0.00% | 0.62% | 0.85% | 3.14% | 1.94% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XHE vs. ARKG - Drawdown Comparison
The maximum XHE drawdown since its inception was -49.92%, smaller than the maximum ARKG drawdown of -80.10%. Use the drawdown chart below to compare losses from any high point for XHE and ARKG. For additional features, visit the drawdowns tool.
Volatility
XHE vs. ARKG - Volatility Comparison
The current volatility for SPDR S&P Health Care Equipment ETF (XHE) is 5.21%, while ARK Genomic Revolution Multi-Sector ETF (ARKG) has a volatility of 11.08%. This indicates that XHE experiences smaller price fluctuations and is considered to be less risky than ARKG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.