XHE vs SPY
Comparison between STATE STREET(R) SPDR(R) S&P(R) HEALTH CARE EQUIPMENT ETF (XHE, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed XHE, delivering a return of +13.3% compared to -7.5%
XHE vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
XHE
$130M
Winner
SPY
$735B
Expense Ratio
XHE
0.35%
Winner
SPY
0.09%
Max Drawdown
Winner
XHE
49.94%
SPY
56.47%
Sharpe Ratio
XHE
-0.08
Winner
SPY
1.62
5Y Beta
Winner
XHE
0.87
SPY
1.00
P/E Ratio
Winner
XHE
-20.00
SPY
28.99
Forward P/E
Winner
XHE
15.47
SPY
22.37
5Y Dividends CAGR
Winner
XHE
100.29%
SPY
5.43%
5Y EPS CAGR
XHE
7.72%
Winner
SPY
26.05%
Debt to Equity
Winner
XHE
-80.40%
SPY
32.40%
P/S Ratio
Winner
XHE
1.89
SPY
3.74
P/B Ratio
Winner
XHE
2.41
SPY
5.61
XHE vs SPY - Holdings Comparison
XHE and SPY have 19 common holdings. Overlap is 1.44%
XHE's top 25 holdings weight is 48.74%. SPY's top 25 holdings weight is 52.37%.
| Rank | XHE | SPY |
|---|---|---|
| #1 | STAAR SURGICAL CO (STAA) - 2.81% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | NOVOCURE LTD (NVCR) - 2.56% | APPLE INC (AAPL) - 7.02% |
| #3 | GLAUKOS CORP (GKOS) - 2.34% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | AXOGEN INC (AXGN) - 2.24% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | AVANOS MEDICAL INC (AVNS) - 2.12% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | LANTHEUS HOLDINGS INC (LNTH) - 2.06% | BROADCOM INC (AVGO) - 3.10% |
| #7 | OMNICELL INC (OMCL) - 2.06% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | LIVANOVA PLC (LIVN) - 2.03% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | TELEFLEX INC (TFX) - 2.03% | TESLA INC (TSLA) - 1.89% |
| #10 | SOLVENTUM CORP (SOLV) - 1.96% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | n/a (BFLY) - 1.92% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | INTEGRA LIFESCIENCES HOLDINGS CORP (IART) - 1.87% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | UFP TECHNOLOGIES INC (UFPT) - 1.86% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | ENOVIS CORP (ENOV) - 1.85% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | PROCEPT BIOROBOTICS CORP (PRCT) - 1.82% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | MASIMO CORP (MASI) - 1.80% | INTEL CORP (INTC) - 0.90% |
| #17 | STRIVE INC CLASS A (ASST) - 1.79% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | INTEGER HOLDINGS CORP (ITGR) - 1.76% | VISA INC CLASS A (V) - 0.85% |
| #19 | BAXTER INTERNATIONAL INC (BAX) - 1.75% | WALMART INC (WMT) - 0.81% |
| #20 | IRHYTHM HOLDINGS INC (IRTC) - 1.74% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | PENUMBRA INC (PEN) - 1.70% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | STERIS PLC (STE) - 1.68% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | ALIGN TECHNOLOGY INC (ALGN) - 1.67% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | EDWARDS LIFESCIENCES CORP (EW) - 1.66% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | CONMED CORP (CNMD) - 1.66% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 69 | 505 |
XHE vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
XHE
+0.70%
Winner
SPY
+1.90%
3M
XHE
-4.11%
Winner
SPY
+8.55%
6M
XHE
-9.51%
Winner
SPY
+8.18%
1Y
XHE
-0.93%
Winner
SPY
+25.79%
5Y(CAGR)
XHE
-7.55%
Winner
SPY
+13.32%
10Y(CAGR)
XHE
+6.00%
Winner
SPY
+15.19%
Max(CAGR)
Winner
XHE
+8.80%
SPY
+8.47%
XHE vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | XHE | SPY |
|---|---|---|
| 2026 | -7.64% | +8.26% |
| 2025 | -0.75% | +18.00% |
| 2024 | +6.09% | +25.59% |
| 2023 | -5.73% | +26.72% |
| 2022 | -24.77% | -18.64% |
| 2021 | +3.60% | +30.52% |
| 2020 | +32.76% | +17.28% |
| 2019 | +24.69% | +31.09% |
| 2018 | +7.34% | -5.24% |
| 2017 | +30.33% | +20.78% |
| 2016 | +15.86% | +13.59% |
| 2015 | +10.94% | +1.31% |
| 2014 | +17.45% | +14.56% |
| 2013 | +34.35% | +29.00% |
| 2012 | +12.28% | +14.17% |
| 2011 | -1.58% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
XHE vs SPY Drawdown Comparison
The maximum drawdown for XHE was -49.92%, occurring on Oct 30, 2023. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current XHE drawdown is -39.27%. The current SPY drawdown is -2.90%.
| Rank | XHE | SPY |
|---|---|---|
| #1 | -49.92% Sep 2, 2021 - Oct 30, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -34.17% Feb 19, 2020 - Jul 2, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -27.37% Sep 13, 2018 - Jan 22, 2020 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -22.05% Jul 7, 2011 - May 1, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.04% Jul 22, 2015 - Jun 7, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.92% Sep 7, 2016 - Feb 9, 2017 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.24% Feb 12, 2021 - Jun 24, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.41% Oct 3, 2012 - Jan 25, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.13% Jan 29, 2018 - Mar 9, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.42% May 2, 2012 - Jun 29, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -9.25% Mar 4, 2014 - Oct 29, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -8.30% Jul 3, 2012 - Sep 6, 2012 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.97% Aug 5, 2020 - Oct 7, 2020 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.92% Jun 25, 2021 - Aug 31, 2021 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.51% Jan 16, 2014 - Mar 4, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between XHE and SPY is 0.73 which considered as a strong positive correlation - the stocks tend to move together.
0.73
-101
Dividend Comparison (1999 - 2026)
XHE vs SPY dividend yield comparison.
| Year | XHE | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 0.08% | 1.07% |
| 2024 | 0.04% | 1.21% |
| 2023 | 0.03% | 1.40% |
| 2022 | 0.04% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.00% | 1.52% |
| 2019 | 0.05% | 1.75% |
| 2018 | 0.09% | 2.04% |
| 2017 | 0.78% | 1.80% |
| 2016 | 0.17% | 2.03% |
| 2015 | 7.22% | 2.06% |
| 2014 | 1.83% | 1.87% |
| 2013 | 0.19% | 1.81% |
| 2012 | 2.03% | 2.18% |
| 2011 | 0.45% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
Select Stocks to Compare
Popular: XHE vs SPY
More Comparisons
Compare with similar stocks
Compare XHE with:
Compare SPY with:
Popular suggestions:
SPY vs VOO
SPDR S&P 500 ETF Trust vs VANGUARD 500 INDEX FUND ETF SHARES
SPY vs BRK-B
SPDR S&P 500 ETF Trust vs Berkshire Hathaway Inc - Class B
SPY vs SCHD
SPDR S&P 500 ETF Trust vs SCHWAB U.S. DIVIDEND EQUITY ETF
XHE vs IHI
STATE STREET(R) SPDR(R) S&P(R) HEALTH CARE EQUIPMENT ETF vs ISHARES U.S. MEDICAL DEVICES ETF
SPY vs GLD
SPDR S&P 500 ETF Trust vs SPDR Gold Shares ETF
SPY vs SPYG
SPDR S&P 500 ETF Trust vs STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) GROWTH ETF