XLG vs. HCA
XLG (Invesco S&P 500 Top 50 ETF) is S&P 500 fund tracking the S&P 500 Top 50 Index, while HCA (HCA Healthcare, Inc.) is a stock. Over the past 10 years, XLG returned 16.25%/yr vs 17.90%/yr for HCA. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
XLG vs. HCA - Performance Comparison
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Returns By Period
In the year-to-date period, XLG achieves a 1.55% return, which is significantly higher than HCA's -17.85% return. Over the past 10 years, XLG has underperformed HCA with an annualized return of 16.25%, while HCA has yielded a comparatively higher 17.90% annualized return.
XLG
- 1D
- -0.22%
- 1M
- 0.71%
- 6M
- 2.67%
- YTD
- 1.55%
- 1Y
- 12.21%
- 3Y*
- 19.71%
- 5Y*
- 13.16%
- 10Y*
- 16.25%
- ALL TIME*
- 11.26%
HCA
- 1D
- 1.51%
- 1M
- -1.23%
- 6M
- -18.55%
- YTD
- -17.85%
- 1Y
- 15.09%
- 3Y*
- 11.07%
- 5Y*
- 9.91%
- 10Y*
- 17.90%
- ALL TIME*
- 20.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $755.16M | $661.20M | $645.06M | |
| $60.47M | $91.92M | $104.94M |
XLG vs. HCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLG Invesco S&P 500 Top 50 ETF | 1.55% | 19.51% | 33.49% | 38.16% | -24.29% | 30.77% | 24.15% | 32.04% | -3.59% | 23.04% |
HCA HCA Healthcare, Inc. | -17.85% | 56.71% | 11.75% | 13.83% | -5.64% | 57.58% | 12.07% | 20.24% | 43.37% | 18.67% |
Correlation
The correlation between XLG and HCA is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.16 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011 | 0.38 |
Over the past year, the correlation between XLG and HCA has dropped to 0.07 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
XLG vs. HCA — Risk / Return Rank
XLG
HCA
XLG vs. HCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Top 50 ETF (XLG) and HCA Healthcare, Inc. (HCA). 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.
| XLG | HCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.38 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.29 | 0.88 | +2.41 |
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Drawdowns
XLG vs. HCA - Drawdown Comparison
The maximum XLG drawdown since its inception was -52.39%, roughly equal to the maximum HCA drawdown of -54.74%. Use the drawdown chart below to compare losses from any high point for XLG and HCA.
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Drawdown Indicators
| XLG | HCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.39% | -54.74% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -33.62% | +21.21% |
Max Drawdown (3Y)Largest decline over 3 years | -20.70% | -33.62% | +12.92% |
Max Drawdown (5Y)Largest decline over 5 years | -28.02% | -39.49% | +11.47% |
Max Drawdown (10Y)Largest decline over 10 years | -30.46% | -54.74% | +24.28% |
Current DrawdownCurrent decline from peak | -6.96% | -29.65% | +22.69% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -11.17% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 14.44% | -10.60% |
Volatility
XLG vs. HCA - Volatility Comparison
The current volatility for Invesco S&P 500 Top 50 ETF (XLG) is 4.47%, while HCA Healthcare, Inc. (HCA) has a volatility of 12.22%. This indicates that XLG experiences smaller price fluctuations and is considered to be less risky than HCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLG | HCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 12.22% | -7.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 24.20% | -13.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 29.42% | -15.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 29.61% | -10.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 32.82% | -13.93% |
Dividends
XLG vs. HCA - Dividend Comparison
XLG's dividend yield for the trailing twelve months is around 0.66%, less than HCA's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA HCA Healthcare, Inc. | 0.78% | 0.62% | 0.88% | 0.89% | 0.93% | 0.75% | 0.63% | 1.08% | 1.12% | 0.00% | 0.00% | 0.00% |
XLG Invesco S&P 500 Top 50 ETF | 0.66% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
Frequently Asked Questions
XLG and HCA have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HCA has higher volatility (12.22%) compared to XLG (4.47%). In terms of maximum drawdown, XLG dropped -52.39% vs HCA's -54.74%.
XLG currently has the higher Sharpe Ratio (0.88 vs 0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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