XLV vs. BAM
XLV (State Street Health Care Select Sector SPDR ETF) is Health & Biotech Equities fund tracking the Health Care Select Sector Index, while BAM (Brookfield Asset Management Ltd.) is a stock. Over the past 3 years, XLV returned 7.12%/yr vs 16.64%/yr for BAM. At a 0.30 correlation, their price movements are largely independent.
Performance
XLV vs. BAM - Performance Comparison
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Returns By Period
In the year-to-date period, XLV achieves a -0.23% return, which is significantly higher than BAM's -8.16% return.
XLV
- 1D
- -0.18%
- 1M
- 4.90%
- YTD
- -0.23%
- 6M
- 0.67%
- 1Y
- 15.00%
- 3Y*
- 7.12%
- 5Y*
- 6.00%
- 10Y*
- 9.81%
BAM
- 1D
- 1.09%
- 1M
- -3.65%
- YTD
- -8.16%
- 6M
- -10.55%
- 1Y
- -10.49%
- 3Y*
- 16.64%
- 5Y*
- —
- 10Y*
- —
XLV vs. BAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLV State Street Health Care Select Sector SPDR ETF | -0.23% | 14.50% | 2.47% | 2.07% | -1.14% |
BAM Brookfield Asset Management Ltd. | -8.16% | -0.24% | 39.70% | 45.61% | -10.80% |
Correlation
The correlation between XLV and BAM is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.30 |
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Return for Risk
XLV vs. BAM — Risk / Return Rank
XLV
BAM
XLV vs. BAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Health Care Select Sector SPDR ETF (XLV) and Brookfield Asset Management Ltd. (BAM). 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.
| XLV | BAM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.95 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.43 | +1.81 |
| Martin ratioReturn relative to average drawdown | 3.31 | -0.77 | +4.08 |
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Drawdowns
XLV vs. BAM - Drawdown Comparison
The maximum XLV drawdown since its inception was -39.17%, which is greater than BAM's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for XLV and BAM.
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Drawdown Indicators
| XLV | BAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.17% | -30.37% | -8.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -30.37% | +19.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.11% | -30.37% | +13.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | — | — |
Current DrawdownCurrent decline from peak | -3.59% | -22.66% | +19.07% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -8.86% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 16.80% | -12.43% |
Volatility
XLV vs. BAM - Volatility Comparison
The current volatility for State Street Health Care Select Sector SPDR ETF (XLV) is 4.90%, while Brookfield Asset Management Ltd. (BAM) has a volatility of 10.83%. This indicates that XLV experiences smaller price fluctuations and is considered to be less risky than BAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLV | BAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 10.83% | -5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 22.75% | -12.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 29.82% | -14.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 30.18% | -15.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 30.18% | -13.60% |
Dividends
XLV vs. BAM - Dividend Comparison
XLV's dividend yield for the trailing twelve months is around 1.63%, less than BAM's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAM Brookfield Asset Management Ltd. | 3.99% | 3.34% | 2.80% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV State Street Health Care Select Sector SPDR ETF | 1.63% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
Frequently Asked Questions
XLV and BAM have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAM has higher volatility (10.83%) compared to XLV (4.90%). In terms of maximum drawdown, XLV dropped -39.17% vs BAM's -30.37%.
XLV currently has the higher Sharpe Ratio (0.97 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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