XLVP.L vs. GXLV.L
XLVP.L (Invesco US Health Care Sector UCITS ETF) and GXLV.L (SPDR S&P US Health Care Select Sector UCITS ETF) are both Health & Biotech Equities funds tracking the MSCI World/Health Care NR USD, from Invesco and State Street respectively. Both are passively managed. Over the past 3 years, XLVP.L returned 3.80%/yr vs 3.78%/yr for GXLV.L. A 0.53 correlation means they provide meaningful diversification when combined. XLVP.L charges 0.14%/yr vs 0.15%/yr for GXLV.L.
Performance
XLVP.L vs. GXLV.L - Performance Comparison
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Different Trading Currencies
XLVP.L is traded in GBp, while GXLV.L is traded in GBP. To make them comparable, the GXLV.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XLVP.L having a -1.84% return and GXLV.L slightly higher at -1.77%.
XLVP.L
- 1D
- 3.10%
- 1M
- 5.91%
- YTD
- -1.84%
- 6M
- -1.13%
- 1Y
- 16.32%
- 3Y*
- 3.80%
- 5Y*
- 6.90%
- 10Y*
- 9.99%
GXLV.L
- 1D
- 2.97%
- 1M
- 5.67%
- YTD
- -1.77%
- 6M
- -2.12%
- 1Y
- 16.12%
- 3Y*
- 3.78%
- 5Y*
- —
- 10Y*
- —
XLVP.L vs. GXLV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XLVP.L Invesco US Health Care Sector UCITS ETF | -1.84% | 6.91% | 3.77% | -3.87% | 7.83% |
GXLV.L SPDR S&P US Health Care Select Sector UCITS ETF | -1.77% | 6.82% | 3.59% | -3.78% | 7.82% |
Correlation
The correlation between XLVP.L and GXLV.L is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.53 |
The correlation between XLVP.L and GXLV.L shifts across timeframes, from 0.53 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XLVP.L vs. GXLV.L — Risk / Return Rank
XLVP.L
GXLV.L
XLVP.L vs. GXLV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Health Care Sector UCITS ETF (XLVP.L) and SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L). 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.
| XLVP.L | GXLV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.16 | -0.75 |
| Martin ratioReturn relative to average drawdown | 3.56 | 4.76 | -1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XLVP.L | GXLV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.34 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.31 | +0.39 |
Drawdowns
XLVP.L vs. GXLV.L - Drawdown Comparison
The maximum XLVP.L drawdown since its inception was -19.67%, roughly equal to the maximum GXLV.L drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for XLVP.L and GXLV.L.
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Drawdown Indicators
| XLVP.L | GXLV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.67% | -19.59% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -11.51% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.67% | -19.59% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.67% | — | — |
Current DrawdownCurrent decline from peak | -4.97% | -5.07% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -6.15% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.57% | 9.07% | -4.50% |
Volatility
XLVP.L vs. GXLV.L - Volatility Comparison
Invesco US Health Care Sector UCITS ETF (XLVP.L) and SPDR S&P US Health Care Select Sector UCITS ETF (GXLV.L) have volatilities of 5.43% and 5.53%, 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.
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Volatility by Period
| XLVP.L | GXLV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 5.53% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 12.37% | -1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.76% | 18.62% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.25% | 20.60% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 20.60% | -4.75% |
XLVP.L vs. GXLV.L - Expense Ratio Comparison
XLVP.L has a 0.14% expense ratio, which is lower than GXLV.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XLVP.L vs. GXLV.L - Dividend Comparison
Neither XLVP.L nor GXLV.L has paid dividends to shareholders.
Frequently Asked Questions
XLVP.L and GXLV.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XLVP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XLVP.L is cheaper with a 0.14% expense ratio, compared with 0.15% for GXLV.L.
Both ETFs track MSCI World/Health Care NR USD. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.14% for XLVP.L and 0.15% for GXLV.L.
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