XLVS.L vs. PPH

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) and VanEck Vectors Pharmaceutical ETF (PPH).

XLVS.L and PPH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLVS.L is a passively managed fund by Invesco that tracks the performance of the S&P® Select Sector Capped 20% Health Care Index. It was launched on Dec 16, 2009. PPH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Pharmaceutical 25 Index. It was launched on Dec 20, 2011. Both XLVS.L and PPH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XLVS.L vs. PPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) and VanEck Vectors Pharmaceutical ETF (PPH). The values are adjusted to include any dividend payments, if applicable.

XLVS.L vs. PPH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XLVS.L Invesco Health Care S&P US Select Sector UCITS ETF Acc	-4.71%	14.78%	2.15%	1.56%	-2.62%	27.57%	12.04%	20.54%	4.30%	21.93%
PPH VanEck Vectors Pharmaceutical ETF	2.25%	22.00%	8.05%	6.95%	2.64%	17.79%	5.49%	19.39%	-5.89%	15.23%

Returns By Period

In the year-to-date period, XLVS.L achieves a -4.71% return, which is significantly lower than PPH's 2.25% return. Over the past 10 years, XLVS.L has outperformed PPH with an annualized return of 9.53%, while PPH has yielded a comparatively lower 8.21% annualized return.

XLVS.L

• 1D: 1.78%
• 1M: -6.39%
• YTD: -4.71%
• 6M: 4.80%
• 1Y: 3.47%
• 3Y*: 6.07%
• 5Y*: 6.19%
• 10Y*: 9.53%

PPH

• 1D: 1.55%
• 1M: -4.34%
• YTD: 2.25%
• 6M: 12.24%
• 1Y: 20.59%
• 3Y*: 13.02%
• 5Y*: 10.93%
• 10Y*: 8.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XLVS.L vs. PPH - Expense Ratio Comparison

XLVS.L has a 0.14% expense ratio, which is lower than PPH's 0.36% expense ratio.

PPH

VanEck Vectors Pharmaceutical ETF

XLVS.L

Invesco Health Care S&P US Select Sector UCITS ETF Acc

Return for Risk

XLVS.L vs. PPH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLVS.L

XLVS.L Risk / Return Rank: 17
XLVS.L Sharpe Ratio Rank: 16
XLVS.L Sortino Ratio Rank: 16
XLVS.L Omega Ratio Rank: 16
XLVS.L Calmar Ratio Rank: 19
XLVS.L Martin Ratio Rank: 17

PPH

PPH Risk / Return Rank: 56
PPH Sharpe Ratio Rank: 58
PPH Sortino Ratio Rank: 58
PPH Omega Ratio Rank: 50
PPH Calmar Ratio Rank: 68
PPH Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XLVS.L vs. PPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) and VanEck Vectors Pharmaceutical ETF (PPH). 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.

	XLVS.L	PPH	Difference
Sharpe ratio Return per unit of total volatility	0.20	1.06	-0.86
Sortino ratio Return per unit of downside risk	0.40	1.55	-1.15
Omega ratio Gain probability vs. loss probability	1.05	1.20	-0.15
Calmar ratio Return relative to maximum drawdown	0.39	1.81	-1.41
Martin ratio Return relative to average drawdown	0.83	4.66	-3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLVS.L vs. PPH - Sharpe Ratio Comparison

The current XLVS.L Sharpe Ratio is 0.20, which is lower than the PPH Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of XLVS.L and PPH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XLVS.L	PPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.06	-0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.74	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.49	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.31	+0.32

Correlation

The correlation between XLVS.L and PPH is 0.47, 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.

Dividends

XLVS.L vs. PPH - Dividend Comparison

XLVS.L has not paid dividends to shareholders, while PPH's dividend yield for the trailing twelve months is around 2.06%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XLVS.L Invesco Health Care S&P US Select Sector UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PPH VanEck Vectors Pharmaceutical ETF	2.06%	1.78%	1.98%	2.09%	1.55%	1.62%	1.66%	1.77%	1.97%	1.92%	2.43%	1.93%

Drawdowns

XLVS.L vs. PPH - Drawdown Comparison

The maximum XLVS.L drawdown since its inception was -26.88%, smaller than the maximum PPH drawdown of -51.45%. Use the drawdown chart below to compare losses from any high point for XLVS.L and PPH.

Drawdown Indicators

	XLVS.L	PPH	Difference
Max Drawdown Largest peak-to-trough decline	-26.88%	-51.45%	+24.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-10.02%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-17.56%	-20.26%	+2.70%
Max Drawdown (10Y) Largest decline over 10 years	-26.88%	-29.70%	+2.82%
Current Drawdown Current decline from peak	-7.16%	-5.56%	-1.60%
Average Drawdown Average peak-to-trough decline	-4.85%	-17.38%	+12.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.95%	3.88%	+1.07%

Volatility

XLVS.L vs. PPH - Volatility Comparison

The current volatility for Invesco Health Care S&P US Select Sector UCITS ETF Acc (XLVS.L) is 4.65%, while VanEck Vectors Pharmaceutical ETF (PPH) has a volatility of 5.24%. This indicates that XLVS.L experiences smaller price fluctuations and is considered to be less risky than PPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLVS.L	PPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	5.24%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	12.00%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	17.31%	19.72%	-2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	14.87%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	16.95%	-1.51%