XLV vs. JPM
XLV (State Street Health Care Select Sector SPDR ETF) is Health & Biotech Equities fund tracking the Health Care Select Sector Index, while JPM (JPMorgan Chase & Co.) is a stock. Over the past 10 years, XLV returned 9.81%/yr vs 21.02%/yr for JPM. At a 0.49 correlation, their price movements are largely independent.
Performance
XLV vs. JPM - Performance Comparison
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Returns By Period
In the year-to-date period, XLV achieves a -0.23% return, which is significantly lower than JPM's 0.50% return. Over the past 10 years, XLV has underperformed JPM with an annualized return of 9.81%, while JPM has yielded a comparatively higher 21.02% annualized 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%
JPM
- 1D
- 2.31%
- 1M
- 6.94%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 23.40%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
XLV vs. JPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLV State Street Health Care Select Sector SPDR ETF | -0.23% | 14.50% | 2.47% | 2.07% | -2.08% | 26.04% | 13.30% | 20.45% | 6.28% | 21.77% |
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
Correlation
The correlation between XLV and JPM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 1998 | 0.49 |
Over the past year, the correlation between XLV and JPM has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
XLV vs. JPM — Risk / Return Rank
XLV
JPM
XLV vs. JPM - 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 JPMorgan Chase & Co. (JPM). 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 | JPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.42 | -0.04 |
| Martin ratioReturn relative to average drawdown | 3.31 | 3.36 | -0.04 |
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Drawdowns
XLV vs. JPM - Drawdown Comparison
The maximum XLV drawdown since its inception was -39.17%, smaller than the maximum JPM drawdown of -76.16%. Use the drawdown chart below to compare losses from any high point for XLV and JPM.
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Drawdown Indicators
| XLV | JPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.17% | -76.16% | +36.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -15.47% | +5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.11% | -24.42% | +7.31% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | -38.77% | +21.66% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -43.63% | +15.23% |
Current DrawdownCurrent decline from peak | -3.59% | -3.66% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -17.62% | +10.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 6.54% | -2.17% |
Volatility
XLV vs. JPM - Volatility Comparison
The current volatility for State Street Health Care Select Sector SPDR ETF (XLV) is 4.90%, while JPMorgan Chase & Co. (JPM) has a volatility of 6.35%. This indicates that XLV experiences smaller price fluctuations and is considered to be less risky than JPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLV | JPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 6.35% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 16.67% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 21.76% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 24.46% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 27.39% | -10.81% |
Dividends
XLV vs. JPM - Dividend Comparison
XLV's dividend yield for the trailing twelve months is around 1.63%, less than JPM's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
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 JPM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.35%) compared to XLV (4.90%). In terms of maximum drawdown, XLV dropped -39.17% vs JPM's -76.16%.
JPM currently has the higher Sharpe Ratio (1.01 vs 0.97), 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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