XHE vs. PSCH
Compare and contrast key facts about SPDR S&P Health Care Equipment ETF (XHE) and Invesco S&P SmallCap Health Care ETF (PSCH).
XHE and PSCH 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. PSCH is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Health Care Index. It was launched on Apr 7, 2010. Both XHE and PSCH 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: XHE or PSCH.
Key characteristics
| XHE | PSCH | |
|---|---|---|
| YTD Return | 7.98% | 10.81% |
| 1Y Return | 25.54% | 27.29% |
| 3Y Return (Ann) | -10.27% | -9.25% |
| 5Y Return (Ann) | 1.82% | 3.58% |
| 10Y Return (Ann) | 9.09% | 9.47% |
| Sharpe Ratio | 1.59 | 1.57 |
| Sortino Ratio | 2.35 | 2.41 |
| Omega Ratio | 1.28 | 1.28 |
| Calmar Ratio | 0.70 | 0.78 |
| Martin Ratio | 10.27 | 9.58 |
| Ulcer Index | 3.12% | 3.56% |
| Daily Std Dev | 20.10% | 21.70% |
| Max Drawdown | -49.92% | -47.32% |
| Current Drawdown | -31.71% | -28.20% |
Correlation
The correlation between XHE and PSCH is 0.82, 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. PSCH - Performance Comparison
In the year-to-date period, XHE achieves a 7.98% return, which is significantly lower than PSCH's 10.81% return. Both investments have delivered pretty close results over the past 10 years, with XHE having a 9.09% annualized return and PSCH not far ahead at 9.47%. 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. PSCH - Expense Ratio Comparison
XHE has a 0.35% expense ratio, which is higher than PSCH's 0.29% expense ratio.
Risk-Adjusted Performance
XHE vs. PSCH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Equipment ETF (XHE) and Invesco S&P SmallCap Health Care ETF (PSCH). 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. PSCH - Dividend Comparison
XHE's dividend yield for the trailing twelve months is around 0.04%, less than PSCH's 0.22% yield.
| 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% |
PSCH Invesco S&P SmallCap Health Care ETF | 0.22% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 1.02% | 0.03% |
Drawdowns
XHE vs. PSCH - Drawdown Comparison
The maximum XHE drawdown since its inception was -49.92%, which is greater than PSCH's maximum drawdown of -47.32%. Use the drawdown chart below to compare losses from any high point for XHE and PSCH. For additional features, visit the drawdowns tool.
Volatility
XHE vs. PSCH - Volatility Comparison
The current volatility for SPDR S&P Health Care Equipment ETF (XHE) is 5.21%, while Invesco S&P SmallCap Health Care ETF (PSCH) has a volatility of 7.57%. This indicates that XHE experiences smaller price fluctuations and is considered to be less risky than PSCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.