^SPXHC vs. BDX
Compare and contrast key facts about S&P 500 Health Care Index (^SPXHC) and Becton, Dickinson and Company (BDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPXHC or BDX.
Correlation
The correlation between ^SPXHC and BDX is 0.63, 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
^SPXHC vs. BDX - Performance Comparison
Key characteristics
^SPXHC:
0.31
BDX:
0.10
^SPXHC:
0.51
BDX:
0.26
^SPXHC:
1.06
BDX:
1.03
^SPXHC:
0.26
BDX:
0.08
^SPXHC:
0.69
BDX:
0.34
^SPXHC:
5.14%
BDX:
5.06%
^SPXHC:
11.32%
BDX:
17.94%
^SPXHC:
-40.78%
BDX:
-51.17%
^SPXHC:
-6.38%
BDX:
-12.41%
Returns By Period
The year-to-date returns for both investments are quite close, with ^SPXHC having a 6.74% return and BDX slightly higher at 6.85%. Over the past 10 years, ^SPXHC has outperformed BDX with an annualized return of 7.84%, while BDX has yielded a comparatively lower 7.23% annualized return.
^SPXHC
6.74%
5.68%
-0.31%
3.22%
7.24%
7.84%
BDX
6.85%
6.11%
3.85%
4.88%
1.16%
7.23%
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Risk-Adjusted Performance
^SPXHC vs. BDX — Risk-Adjusted Performance Rank
^SPXHC
BDX
^SPXHC vs. BDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Health Care Index (^SPXHC) and Becton, Dickinson and Company (BDX). 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.
Drawdowns
^SPXHC vs. BDX - Drawdown Comparison
The maximum ^SPXHC drawdown since its inception was -40.78%, smaller than the maximum BDX drawdown of -51.17%. Use the drawdown chart below to compare losses from any high point for ^SPXHC and BDX. For additional features, visit the drawdowns tool.
Volatility
^SPXHC vs. BDX - Volatility Comparison
The current volatility for S&P 500 Health Care Index (^SPXHC) is 3.94%, while Becton, Dickinson and Company (BDX) has a volatility of 4.85%. This indicates that ^SPXHC experiences smaller price fluctuations and is considered to be less risky than BDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.