XHE vs. XLP
Compare and contrast key facts about SPDR S&P Health Care Equipment ETF (XHE) and Consumer Staples Select Sector SPDR Fund (XLP).
XHE and XLP 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. XLP is a passively managed fund by State Street that tracks the performance of the Consumer Staples Select Sector Index. It was launched on Dec 16, 1998. Both XHE and XLP 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 XLP.
Key characteristics
| XHE | XLP | |
|---|---|---|
| YTD Return | 10.82% | 14.09% |
| 1Y Return | 38.15% | 20.07% |
| 3Y Return (Ann) | -9.51% | 6.19% |
| 5Y Return (Ann) | 2.71% | 8.47% |
| 10Y Return (Ann) | 9.38% | 8.22% |
| Sharpe Ratio | 1.89 | 2.05 |
| Sortino Ratio | 2.72 | 2.91 |
| Omega Ratio | 1.33 | 1.35 |
| Calmar Ratio | 0.77 | 1.91 |
| Martin Ratio | 12.18 | 13.14 |
| Ulcer Index | 3.11% | 1.59% |
| Daily Std Dev | 20.12% | 10.22% |
| Max Drawdown | -49.92% | -35.89% |
| Current Drawdown | -29.92% | -3.91% |
Correlation
The correlation between XHE and XLP is 0.42, 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.
Performance
XHE vs. XLP - Performance Comparison
In the year-to-date period, XHE achieves a 10.82% return, which is significantly lower than XLP's 14.09% return. Over the past 10 years, XHE has outperformed XLP with an annualized return of 9.38%, while XLP has yielded a comparatively lower 8.22% 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. XLP - Expense Ratio Comparison
XHE has a 0.35% expense ratio, which is higher than XLP's 0.13% expense ratio.
Risk-Adjusted Performance
XHE vs. XLP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Equipment ETF (XHE) and Consumer Staples Select Sector SPDR Fund (XLP). 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. XLP - Dividend Comparison
XHE's dividend yield for the trailing twelve months is around 0.04%, less than XLP's 2.62% 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% |
XLP Consumer Staples Select Sector SPDR Fund | 2.62% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.53% | 2.40% | 2.39% |
Drawdowns
XHE vs. XLP - Drawdown Comparison
The maximum XHE drawdown since its inception was -49.92%, which is greater than XLP's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for XHE and XLP. For additional features, visit the drawdowns tool.
Volatility
XHE vs. XLP - Volatility Comparison
SPDR S&P Health Care Equipment ETF (XHE) has a higher volatility of 4.71% compared to Consumer Staples Select Sector SPDR Fund (XLP) at 2.99%. This indicates that XHE's price experiences larger fluctuations and is considered to be riskier than XLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.