XHS vs. UNHW

Last updated Jun 24, 2026

XHS (SPDR S&P Health Care Services ETF) and UNHW (Roundhill UNH WeeklyPay ETF) are both exchange-traded funds - XHS is a Health & Biotech Equities fund tracking the S&P Health Care Services Select Industry Index, while UNHW is a Leveraged Equities fund actively managed by Roundhill Investments. XHS is passively managed, while UNHW is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. XHS charges 0.35%/yr vs 0.99%/yr for UNHW.

Performance

XHS vs. UNHW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Health Care Services ETF (XHS) and Roundhill UNH WeeklyPay ETF (UNHW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHS achieves a 15.40% return, which is significantly lower than UNHW's 27.05% return.

XHS

• 1D: 0.88%
• 1M: 8.42%
• YTD: 15.40%
• 6M: 14.24%
• 1Y: 28.59%
• 3Y*: 11.29%
• 5Y*: 1.64%
• 10Y*: 8.61%

UNHW

• 1D: 0.63%
• 1M: 6.62%
• YTD: 27.05%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHS vs. UNHW - Yearly Performance Comparison

	2026 (YTD)	2025
XHS SPDR S&P Health Care Services ETF	15.40%	-1.33%
UNHW Roundhill UNH WeeklyPay ETF	27.05%	1.54%

Correlation

The correlation between XHS and UNHW is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.53

XHS vs. UNHW - Sectors Allocation Comparison

Sectors	XHS	UNHW
Healthcare	97.9%	29.0%
Financial Services	2.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

XHS vs. UNHW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHS

XHS Risk / Return Rank: 47
XHS Sharpe Ratio Rank: 48
XHS Sortino Ratio Rank: 47
XHS Omega Ratio Rank: 47
XHS Calmar Ratio Rank: 51
XHS Martin Ratio Rank: 43

UNHW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHS vs. UNHW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Health Care Services ETF (XHS) and Roundhill UNH WeeklyPay ETF (UNHW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XHS	UNHW	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.39	—	—
Martin ratio: Return relative to average drawdown	6.63	—	—

Drawdowns

XHS vs. UNHW - Drawdown Comparison

The maximum XHS drawdown since its inception was -39.32%, which is greater than UNHW's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for XHS and UNHW.

Drawdown Indicators

	XHS	UNHW	Difference
Max Drawdown Largest peak-to-trough decline	-39.32%	-32.28%	-7.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.32%	—	—
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	-10.16%	-11.32%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.32%	—	—

Volatility

Volatility by Period

	XHS	UNHW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	48.61%	-30.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.13%	48.61%	-27.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.40%	48.61%	-26.21%

XHS vs. UNHW - Expense Ratio Comparison

XHS has a 0.35% expense ratio, which is lower than UNHW's 0.99% expense ratio.

Dividends

XHS vs. UNHW - Dividend Comparison

XHS's dividend yield for the trailing twelve months is around 0.22%, less than UNHW's 18.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UNHW Roundhill UNH WeeklyPay ETF	18.13%	2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XHS SPDR S&P Health Care Services ETF	0.22%	0.27%	0.38%	0.23%	0.19%	0.20%	0.23%	2.37%	0.34%	0.22%	0.28%	0.93%

Frequently Asked Questions

Can I hold both XHS and UNHW in my portfolio?

XHS and UNHW have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHS or UNHW?

On fees, XHS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XHS or UNHW?

XHS is cheaper with a 0.35% expense ratio, compared with 0.99% for UNHW.

Which ETF pays a higher dividend yield, XHS or UNHW?

UNHW has the higher dividend yield at 18.13%, compared with 0.22% for XHS.

What is the main difference between XHS and UNHW?

XHS is categorized as Health & Biotech Equities, while UNHW is Leveraged Equities. They also come from different issuers: State Street and Roundhill Investments. Their fees differ too: 0.35% for XHS and 0.99% for UNHW.