XPH vs. FXH
Compare and contrast key facts about SPDR S&P Pharmaceuticals ETF (XPH) and First Trust Health Care AlphaDEX Fund (FXH).
XPH and FXH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XPH is a passively managed fund by State Street that tracks the performance of the S&P Pharmaceuticals Select Industry Index. It was launched on Jun 19, 2006. FXH is a passively managed fund by First Trust that tracks the performance of the StrataQuant Health Care Index. It was launched on May 8, 2007. Both XPH and FXH 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
XPH vs. FXH - Performance Comparison
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XPH vs. FXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPH SPDR S&P Pharmaceuticals ETF | -3.32% | 31.60% | 4.94% | 2.97% | -9.83% | -10.54% | 14.68% | 25.61% | -15.32% | 12.05% |
FXH First Trust Health Care AlphaDEX Fund | -3.39% | 10.16% | 0.96% | -4.53% | -12.24% | 15.20% | 28.00% | 22.26% | -1.33% | 21.82% |
Returns By Period
The year-to-date returns for both stocks are quite close, with XPH having a -3.32% return and FXH slightly lower at -3.39%. Over the past 10 years, XPH has underperformed FXH with an annualized return of 3.82%, while FXH has yielded a comparatively higher 7.08% annualized return.
XPH
- 1D
- 5.32%
- 1M
- -5.56%
- YTD
- -3.32%
- 6M
- 13.19%
- 1Y
- 24.45%
- 3Y*
- 11.04%
- 5Y*
- 2.79%
- 10Y*
- 3.82%
FXH
- 1D
- 4.35%
- 1M
- -5.40%
- YTD
- -3.39%
- 6M
- 0.38%
- 1Y
- 6.90%
- 3Y*
- 1.21%
- 5Y*
- 0.43%
- 10Y*
- 7.08%
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XPH vs. FXH - Expense Ratio Comparison
XPH has a 0.35% expense ratio, which is lower than FXH's 0.61% expense ratio.
Return for Risk
XPH vs. FXH — Risk / Return Rank
XPH
FXH
XPH vs. FXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pharmaceuticals ETF (XPH) and First Trust Health Care AlphaDEX Fund (FXH). 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.
| XPH | FXH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.00 | 0.36 | +0.64 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.66 | +0.81 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 0.61 | +1.16 |
Martin ratioReturn relative to average drawdown | 5.52 | 1.90 | +3.62 |
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
| XPH | FXH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 0.36 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.03 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.38 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.50 | -0.13 |
Correlation
The correlation between XPH and FXH is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XPH vs. FXH - Dividend Comparison
XPH's dividend yield for the trailing twelve months is around 0.69%, less than FXH's 0.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XPH SPDR S&P Pharmaceuticals ETF | 0.69% | 0.83% | 1.58% | 1.28% | 1.64% | 0.95% | 0.47% | 0.64% | 0.65% | 0.67% | 0.63% | 7.15% |
FXH First Trust Health Care AlphaDEX Fund | 0.88% | 0.75% | 0.41% | 0.24% | 0.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
XPH vs. FXH - Drawdown Comparison
The maximum XPH drawdown since its inception was -48.03%, which is greater than FXH's maximum drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for XPH and FXH.
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Drawdown Indicators
| XPH | FXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.03% | -43.70% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -12.20% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | -29.49% | -2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | -30.61% | -5.36% |
Current DrawdownCurrent decline from peak | -7.29% | -12.76% | +5.47% |
Average DrawdownAverage peak-to-trough decline | -17.37% | -9.45% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 3.90% | +1.33% |
Volatility
XPH vs. FXH - Volatility Comparison
SPDR S&P Pharmaceuticals ETF (XPH) has a higher volatility of 9.49% compared to First Trust Health Care AlphaDEX Fund (FXH) at 7.18%. This indicates that XPH's price experiences larger fluctuations and is considered to be riskier than FXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XPH | FXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.49% | 7.18% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.38% | 11.75% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.72% | 19.22% | +5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 16.46% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 18.46% | +3.76% |