XLVP.L vs. XLV
Compare and contrast key facts about Invesco US Health Care Sector UCITS ETF (XLVP.L) and Health Care Select Sector SPDR Fund (XLV).
XLVP.L and XLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLVP.L is a passively managed fund by Invesco that tracks the performance of the MSCI World/Health Care NR USD. It was launched on Dec 16, 2009. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both XLVP.L and XLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLVP.L or XLV.
Key characteristics
| XLVP.L | XLV | |
|---|---|---|
| YTD Return | 11.62% | 16.16% |
| 1Y Return | 12.58% | 20.88% |
| 3Y Return (Ann) | 8.60% | 7.44% |
| 5Y Return (Ann) | 11.78% | 13.43% |
| 10Y Return (Ann) | 12.94% | 11.03% |
| Sharpe Ratio | 1.24 | 1.84 |
| Daily Std Dev | 10.41% | 10.82% |
| Max Drawdown | -17.58% | -39.18% |
| Current Drawdown | -1.32% | 0.00% |
Correlation
The correlation between XLVP.L and XLV is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XLVP.L vs. XLV - Performance Comparison
In the year-to-date period, XLVP.L achieves a 11.62% return, which is significantly lower than XLV's 16.16% return. Over the past 10 years, XLVP.L has outperformed XLV with an annualized return of 12.94%, while XLV has yielded a comparatively lower 11.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XLVP.L vs. XLV - Expense Ratio Comparison
XLVP.L has a 0.14% expense ratio, which is higher than XLV's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XLVP.L vs. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Health Care Sector UCITS ETF (XLVP.L) and Health Care Select Sector SPDR Fund (XLV). 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.
Dividends
XLVP.L vs. XLV - Dividend Comparison
XLVP.L has not paid dividends to shareholders, while XLV's dividend yield for the trailing twelve months is around 1.42%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLVP.L Invesco US Health Care Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV Health Care Select Sector SPDR Fund | 1.42% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
Drawdowns
XLVP.L vs. XLV - Drawdown Comparison
The maximum XLVP.L drawdown since its inception was -17.58%, smaller than the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for XLVP.L and XLV. For additional features, visit the drawdowns tool.
Volatility
XLVP.L vs. XLV - Volatility Comparison
Invesco US Health Care Sector UCITS ETF (XLVP.L) has a higher volatility of 3.08% compared to Health Care Select Sector SPDR Fund (XLV) at 2.16%. This indicates that XLVP.L's price experiences larger fluctuations and is considered to be riskier than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.