XHE vs. BBH
Compare and contrast key facts about SPDR S&P Health Care Equipment ETF (XHE) and VanEck Vectors Biotech ETF (BBH).
XHE and BBH 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. BBH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Biotech 25 Index. It was launched on Dec 20, 2011. Both XHE and BBH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
XHE vs. BBH - Performance Comparison
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XHE vs. BBH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHE SPDR S&P Health Care Equipment ETF | -10.92% | -0.23% | 5.08% | -6.23% | -23.34% | 3.04% | 32.91% | 22.30% | 8.90% | 30.51% |
BBH VanEck Vectors Biotech ETF | 0.04% | 21.18% | -4.29% | 3.94% | -15.25% | 11.81% | 22.13% | 26.34% | -10.70% | 16.46% |
Returns By Period
In the year-to-date period, XHE achieves a -10.92% return, which is significantly lower than BBH's 0.04% return. Both investments have delivered pretty close results over the past 10 years, with XHE having a 6.52% annualized return and BBH not far behind at 6.42%.
XHE
- 1D
- 0.46%
- 1M
- -10.31%
- YTD
- -10.92%
- 6M
- -0.10%
- 1Y
- -3.79%
- 3Y*
- -5.61%
- 5Y*
- -8.06%
- 10Y*
- 6.52%
BBH
- 1D
- 0.70%
- 1M
- -3.58%
- YTD
- 0.04%
- 6M
- 10.55%
- 1Y
- 23.57%
- 3Y*
- 5.92%
- 5Y*
- 1.84%
- 10Y*
- 6.42%
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XHE vs. BBH - Expense Ratio Comparison
Both XHE and BBH have an expense ratio of 0.35%.
Return for Risk
XHE vs. BBH — Risk / Return Rank
XHE
BBH
XHE vs. BBH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Equipment ETF (XHE) and VanEck Vectors Biotech ETF (BBH). 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.
| XHE | BBH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.16 | 1.05 | -1.21 |
Sortino ratioReturn per unit of downside risk | -0.06 | 1.53 | -1.59 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.00 | -2.24 |
Martin ratioReturn relative to average drawdown | -0.69 | 5.56 | -6.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHE | BBH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 1.05 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.09 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.29 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.27 | +0.14 |
Correlation
The correlation between XHE and BBH is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
XHE vs. BBH - Dividend Comparison
XHE's dividend yield for the trailing twelve months is around 0.09%, less than BBH's 0.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHE SPDR S&P Health Care Equipment ETF | 0.09% | 0.08% | 0.04% | 0.03% | 0.04% | 0.00% | 0.00% | 0.05% | 0.09% | 0.78% | 0.17% | 7.22% |
BBH VanEck Vectors Biotech ETF | 0.51% | 0.51% | 0.80% | 0.43% | 0.47% | 0.21% | 0.36% | 0.34% | 0.50% | 0.55% | 0.30% | 0.27% |
Drawdowns
XHE vs. BBH - Drawdown Comparison
The maximum XHE drawdown since its inception was -49.92%, smaller than the maximum BBH drawdown of -72.70%. Use the drawdown chart below to compare losses from any high point for XHE and BBH.
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Drawdown Indicators
| XHE | BBH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.92% | -72.70% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.29% | -10.47% | -7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -49.92% | -39.86% | -10.06% |
Max Drawdown (10Y)Largest decline over 10 years | -49.92% | -39.86% | -10.06% |
Current DrawdownCurrent decline from peak | -40.94% | -12.15% | -28.79% |
Average DrawdownAverage peak-to-trough decline | -12.97% | -26.05% | +13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 3.76% | +2.48% |
Volatility
XHE vs. BBH - Volatility Comparison
SPDR S&P Health Care Equipment ETF (XHE) and VanEck Vectors Biotech ETF (BBH) have volatilities of 7.01% and 7.01%, 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.
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Volatility by Period
| XHE | BBH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 7.01% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 13.69% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.86% | 22.72% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.25% | 21.47% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.81% | 22.27% | +0.54% |