XPH vs. UNH
XPH (SPDR S&P Pharmaceuticals ETF) is Health & Biotech Equities fund tracking the S&P Pharmaceuticals Select Industry Index, while UNH (UnitedHealth Group Incorporated) is a stock. Over the past 10 years, XPH returned 5.22%/yr vs 13.60%/yr for UNH. At a 0.40 correlation, their price movements are largely independent.
Performance
XPH vs. UNH - Performance Comparison
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Returns By Period
In the year-to-date period, XPH achieves a 19.55% return, which is significantly lower than UNH's 31.74% return. Over the past 10 years, XPH has underperformed UNH with an annualized return of 5.22%, while UNH has yielded a comparatively higher 13.60% annualized return.
XPH
- 1D
- -2.37%
- 1M
- 10.98%
- 6M
- 20.41%
- YTD
- 19.55%
- 1Y
- 59.80%
- 3Y*
- 18.81%
- 5Y*
- 7.00%
- 10Y*
- 5.22%
UNH
- 1D
- 1.05%
- 1M
- 5.64%
- 6M
- 27.72%
- YTD
- 31.74%
- 1Y
- 44.88%
- 3Y*
- -1.71%
- 5Y*
- 2.46%
- 10Y*
- 13.60%
XPH vs. UNH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XPH SPDR S&P Pharmaceuticals ETF | 19.55% | 31.60% | 4.94% | 2.97% | -9.83% | -10.54% | 14.68% | 25.61% | -15.32% | 12.05% |
UNH UnitedHealth Group Incorporated | 31.74% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
Correlation
The correlation between XPH and UNH is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2006 | 0.40 |
Over the past year, the correlation between XPH and UNH has dropped to 0.18 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
XPH vs. UNH — Risk / Return Rank
XPH
UNH
XPH vs. UNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pharmaceuticals ETF (XPH) and UnitedHealth Group Incorporated (UNH). 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.
| XPH | UNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.25 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 1.56 | +3.46 |
| Martin ratioReturn relative to average drawdown | 17.95 | 3.65 | +14.30 |
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Drawdowns
XPH vs. UNH - Drawdown Comparison
The maximum XPH drawdown since its inception was -48.03%, smaller than the maximum UNH drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for XPH and UNH.
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Drawdown Indicators
| XPH | UNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.03% | -74.37% | +26.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -28.96% | +16.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -61.39% | +37.82% |
Max Drawdown (5Y)Largest decline over 5 years | -31.63% | -61.39% | +29.76% |
Max Drawdown (10Y)Largest decline over 10 years | -35.97% | -61.39% | +25.42% |
Current DrawdownCurrent decline from peak | -4.61% | -28.46% | +23.85% |
Average DrawdownAverage peak-to-trough decline | -17.17% | -14.80% | -2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 12.42% | -9.08% |
Volatility
XPH vs. UNH - Volatility Comparison
SPDR S&P Pharmaceuticals ETF (XPH) and UnitedHealth Group Incorporated (UNH) have volatilities of 7.24% and 7.19%, 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
| XPH | UNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 7.19% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 31.08% | -13.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.49% | 39.69% | -17.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 32.00% | -10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.10% | 30.26% | -8.16% |
Dividends
XPH vs. UNH - Dividend Comparison
XPH's dividend yield for the trailing twelve months is around 0.50%, less than UNH's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UNH UnitedHealth Group Incorporated | 2.09% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
XPH SPDR S&P Pharmaceuticals ETF | 0.50% | 0.83% | 1.58% | 1.28% | 1.64% | 0.95% | 0.47% | 0.64% | 0.65% | 0.67% | 0.63% | 7.15% |
Frequently Asked Questions
XPH and UNH have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XPH has higher volatility (7.24%) compared to UNH (7.19%). In terms of maximum drawdown, XPH dropped -48.03% vs UNH's -74.37%.
XPH currently has the higher Sharpe Ratio (2.68 vs 1.14), 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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