XHS vs. RXL
Compare and contrast key facts about SPDR S&P Health Care Services ETF (XHS) and ProShares Ultra Health Care (RXL).
XHS and RXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHS is a passively managed fund by State Street that tracks the performance of the S&P Health Care Services Select Industry Index. It was launched on Sep 28, 2011. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. Both XHS and RXL 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: XHS or RXL.
Performance
XHS vs. RXL - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with XHS having a 3.85% return and RXL slightly higher at 3.87%. Over the past 10 years, XHS has underperformed RXL with an annualized return of 6.14%, while RXL has yielded a comparatively higher 12.41% annualized return.
XHS
3.85%
-4.20%
0.45%
9.83%
5.90%
6.14%
RXL
3.87%
-14.75%
-7.38%
17.34%
10.85%
12.41%
Key characteristics
| XHS | RXL | |
|---|---|---|
| Sharpe Ratio | 0.62 | 0.79 |
| Sortino Ratio | 1.01 | 1.16 |
| Omega Ratio | 1.12 | 1.15 |
| Calmar Ratio | 0.40 | 0.61 |
| Martin Ratio | 2.75 | 2.99 |
| Ulcer Index | 3.92% | 5.69% |
| Daily Std Dev | 17.33% | 21.66% |
| Max Drawdown | -39.32% | -66.88% |
| Current Drawdown | -19.68% | -19.24% |
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XHS vs. RXL - Expense Ratio Comparison
XHS has a 0.35% expense ratio, which is lower than RXL's 0.95% expense ratio.
Correlation
The correlation between XHS and RXL is 0.70, 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.
Risk-Adjusted Performance
XHS vs. RXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Services ETF (XHS) and ProShares Ultra Health Care (RXL). 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
XHS vs. RXL - Dividend Comparison
XHS's dividend yield for the trailing twelve months is around 0.33%, less than RXL's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHS SPDR S&P Health Care Services ETF | 0.33% | 0.23% | 0.19% | 0.20% | 0.23% | 2.37% | 0.34% | 0.22% | 0.29% | 0.92% | 1.17% | 0.46% |
RXL ProShares Ultra Health Care | 1.82% | 0.37% | 0.65% | 0.18% | 0.20% | 0.43% | 0.57% | 0.23% | 0.16% | 0.93% | 0.34% | 0.31% |
Drawdowns
XHS vs. RXL - Drawdown Comparison
The maximum XHS drawdown since its inception was -39.32%, smaller than the maximum RXL drawdown of -66.88%. Use the drawdown chart below to compare losses from any high point for XHS and RXL. For additional features, visit the drawdowns tool.
Volatility
XHS vs. RXL - Volatility Comparison
SPDR S&P Health Care Services ETF (XHS) and ProShares Ultra Health Care (RXL) have volatilities of 6.90% and 6.93%, 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.