SPDR S&P Health Care Equipment ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
SPDR S&P Health Care Equipment ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Health Care Equipment Select Industry Index. |
Category | US Equities |
Fund Sponsor | SSGA Funds Management Inc |
Website | www.spdrs.com |
Inception date | Jan 26, 2011 |
Assets (mns) | $760 |
Currency | USD |
Expense ratio | 35 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | State Street Bank & Trust |
Weighting | Equal |
Index replication | Full |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 83 |
Wgt avg mkt cap (mns) | $18,535 |
Large cap (>$10bn) | 33.9% |
Mid cap ($2-10bn) | 31.5% |
Small cap (<$2bn) | 31.5% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
IRHYTHM TECHNOLOGIES, INC. | 1.6 % |
CRYOPORT, INC. | 1.6 % |
TACTILE SYSTEMS TECHNOLOGY, INC. | 1.6 % |
GLAUKOS CORP | 1.6 % |
ABIOMED INC | 1.6 % |
NUVASIVE INC | 1.5 % |
CARDIOVASCULAR SYSTEMS INC | 1.5 % |
ATRICURE INC | 1.5 % |
PENUMBRA, INC. | 1.5 % |
ALPHATEC HOLDINGS INC | 1.5 % | Total | 15.5 % |
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UNITED STATES | 81.9 % |
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BRITAIN | 2.6 % |
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IRELAND | 1.3 % |
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SWITZERLAND | 0.5 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
32.9% | 32.9% | 20.9% | -- | 10.1% |
versus... | Beta | R-squared |
S&P500 | 0.97 | 73% |
MSCI EAFE | 0.84 | 54% |
MSCI Emg. Mkts. | 0.72 | 50% |
Recent close | $119.20 |
30d moving avg. | $113.32 |
Annualized volatility | 21.4% |
Short interest (ETF) | 13.0% |
Short interest (Underlying) | 6.3% |
Relative strength (RSI) | 75 |
Avg. volume (thou.) | 29 |
Turnover | 0.5% |
Bid/Ask (% of price) | 0.17% |
ADV underlying (mns) | $8,400 |
FINDING ALTERNATIVE FUNDS
Below is a list of 98 potential alternatives to the SPDR S&P Health Care Equipment ETF ETF based on the alternatives' overlap in portfolio holdings with XHE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | XHE | Expense: | 35 bp | ALTAR Score™: | 0.6% |
Ticker | Fund Name |
Overlap1 vs XHE (%) |
Expense ratio (bp) |
Savings vs XHE (bp) |
ALTAR Score™ (%) |
ALTAR vs XHE (%) |
HTEC | ROBO Global Healthcare Technology & Innovation ETF | 32.8 | 68 | -33 | 0.9 | +0.3 |
IHI | iShares U.S. Medical Devices ETF | 31.5 | 42 | -7 | 3.1 | +2.6 |
RYH | Invesco S&P 500 Equal Weight Health Care ETF | 27.7 | 40 | -5 | 6.4 | +5.8 |
IEHS | iShares Evolved U.S. Healthcare Staples ETF | 23.5 | 18 | 17 | 5.0 | +4.4 |
JHMH | John Hancock Multifactor Healthcare ETF | 22.3 | 40 | -5 | 5.8 | +5.3 |
IYH | iShares U.S. Healthcare ETF | 19.0 | 43 | -8 | 6.0 | +5.4 |
FHLC | Fidelity MSCI Health Care Index ETF | 19.0 | 8 | 27 | 5.2 | +4.6 |
VHT | Vanguard Health Care Index Fund | 18.9 | 10 | 25 | 5.2 | +4.6 |
FXH | First Trust Health Care AlphaDEX Fund | 18.8 | 62 | -27 | 4.6 | +4.0 |
LNGR | Global X Longevity Thematic ETF | 18.7 | 50 | -15 | 2.9 | +2.3 |
PSCH | Invesco S&P SmallCap Health Care ETF | 18.3 | 29 | 6 | 2.8 | +2.3 |
XLV | Health Care Select Sector SPDR Fund | 18.0 | 13 | 22 | 7.0 | +6.4 |
IXJ | iShares Global Healthcare ETF | 14.5 | 46 | -11 | 6.2 | +5.6 |
BMED | BlackRock Future Health ETF | 13.7 | 85 | -50 | -0.9 | -1.5 |
IQM | Franklin Intelligent Machines ETF | 13.1 | 50 | -15 | 1.4 | +0.8 |
BTEC | Principal Healthcare Innovators Index ETF | 10.9 | 42 | -7 | -2.5 | -3.1 |
JMIN | JPMorgan U.S. Minimum Volatility ETF | 9.8 | 12 | 23 | 5.3 | +4.8 |
ANEW | ProShares MSCI Transformational Changes ETF | 9.3 | 45 | -10 | 2.5 | +2.0 |
SIXL | 6 Meridian Low Beta Equity Strategy ETF | 8.5 | 84 | -49 | 4.2 | +3.6 |
JKH | iShares Morningstar Mid-Cap Growth ETF | 8.4 | 30 | 5 | 1.9 | +1.4 |
PSET | Principal Price Setters Index ETF | 8.3 | 15 | 20 | 4.7 | +4.1 |
RPG | Invesco S&P 500 Pure Growth ETF | 7.9 | 35 | 0 | 2.8 | +2.2 |
PTH | Invesco DWA Healthcare Momentum ETF | 7.9 | 60 | -25 | -2.3 | -2.8 |
HLAL | Wahed FTSE USA Shariah ETF | 7.7 | 50 | -15 | 3.9 | +3.3 |
VOT | Vanguard Mid-Cap Growth Index Fund | 7.6 | 7 | 28 | 2.7 | +2.2 |
IWP | iShares Russell Mid-Cap Growth ETF | 7.5 | 24 | 11 | 2.7 | +2.1 |
JOET | Virtus Terranova US Quality Momentum ETF | 7.4 | 29 | 6 | 4.7 | +4.1 |
NUMG | Nuveen ESG Mid-Cap Growth ETF | 7.3 | 40 | -5 | 2.0 | +1.4 |
SPUS | SP Funds S&P 500 Sharia Industry Exclusions ETF | 7.1 | 49 | -14 | 3.5 | +3.0 |
DTEC | ALPS Disruptive Technologies ETF | 7.0 | 50 | -15 | 2.8 | +2.2 |
RBUS | Nationwide Risk-Based U.S. Equity ETF | 7.0 | 30 | 5 | 4.6 | +4.1 |
SPLV | Invesco S&P 500 Low Volatility ETF | 6.8 | 25 | 10 | 5.6 | +5.0 |
FTC | First Trust Large Cap Growth AlphaDEX Fund | 6.8 | 61 | -26 | 2.3 | +1.7 |
QQQJ | Invesco NASDAQ Next Gen 100 ETF | 6.5 | 15 | 20 | 2.6 | +2.0 |
QRFT | Qraft Ai-Enhanced U.S. Large Cap ETF | 6.5 | 75 | -40 | 2.1 | +1.5 |
FLLV | Franklin Liberty U.S. Low Volatility ETF | 6.2 | 29 | 6 | 5.0 | +4.4 |
XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 6.1 | 25 | 10 | 5.9 | +5.3 |
ETHO | Etho Climate Leadership U.S. ETF | 6.0 | 47 | -12 | 3.7 | +3.2 |
CATH | Global X S&P 500 Catholic Values Custom ETF | 6.0 | 29 | 6 | 4.7 | +4.1 |
ADME | Aptus Drawdown Managed Equity ETF | 5.8 | 79 | -44 | 3.2 | +2.6 |
TPLC | Timothy Plan US Large Cap Core ETF | 5.7 | 52 | -17 | 4.5 | +3.9 |
ESGV | Vanguard ESG U.S. Stock ETF | 5.6 | 12 | 23 | 4.6 | +4.0 |
JKK | iShares Morningstar Small-Cap Growth ETF | 5.6 | 30 | 5 | 0.6 | +0.0 |
MFMS | Motley Fool Small-Cap Growth ETF | 5.6 | 85 | -50 | 0.5 | -0.0 |
EDOC | Global X Telemedicine & Digital Health ETF | 5.6 | 68 | -33 | 1.0 | +0.5 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 5.5 | 35 | 0 | 5.1 | +4.6 |
JKD | iShares Morningstar Large-Cap ETF | 5.5 | 20 | 15 | 4.8 | +4.3 |
QGRO | American Century STOXX U.S. Quality Growth ETF | 5.5 | 29 | 6 | 3.7 | +3.2 |
MMLG | First Trust Multi-Manager Large Growth ETF | 5.4 | 85 | -50 | 1.9 | +1.3 |
AFSM | First Trust Active Factor Small Cap ETF | 5.4 | 77 | -42 | 4.4 | +3.9 |
PDP | Invesco DWA Momentum ETF | 5.4 | 62 | -27 | 1.9 | +1.3 |
IWX | iShares Russell Top 200 Value ETF | 5.4 | 20 | 15 | 6.0 | +5.5 |
FDMO | Fidelity Momentum Factor ETF | 5.3 | 29 | 6 | 2.5 | +2.0 |
DEF | Invesco Defensive Equity ETF | 5.3 | 55 | -20 | 5.3 | +4.7 |
JKE | iShares Morningstar Large-Cap Growth ETF | 5.2 | 25 | 10 | 2.3 | +1.7 |
SQLV | Legg Mason Small-Cap Quality Value | 5.2 | 62 | -27 | 4.1 | +3.6 |
QQXT | First Trust Nasdaq-100 Ex-Technology Sector Index Fund | 5.2 | 60 | -25 | 4.5 | +3.9 |
PWB | Invesco Dynamic Large Cap Growth ETF | 5.2 | 56 | -21 | 2.2 | +1.6 |
SPXT | ProShares S&P 500 Ex-Technology ETF | 5.2 | 27 | 8 | 4.9 | +4.4 |
CFO | VictoryShares US 500 Enhanced Volatility Weighted Index ETF | 5.1 | 35 | 0 | 5.1 | +4.5 |
QQQN | VictoryShares Nasdaq Next 50 ETF | 5.1 | 18 | 17 | 2.9 | +2.4 |
LSLT | Salt Low truBeta US Market ETF | 5.1 | 60 | -25 | 5.8 | +5.2 |
CFA | VictoryShares US 500 Volatility Weighted Index ETF | 5.1 | 35 | 0 | 5.1 | +4.5 |
XMLV | Invesco S&P MidCap Low Volatility ETF | 5.1 | 25 | 10 | 5.1 | +4.6 |
VBK | Vanguard Small-Cap Growth Index Fund | 5.1 | 7 | 28 | 1.9 | +1.4 |
PQLC | PGIM QMA Strategic Alpha Large-Cap Core ETF | 5.1 | 17 | 18 | 6.1 | +5.5 |
TTAC | TrimTabs All Cap U.S. Free-Cash-Flow ETF | 5.0 | 59 | -24 | 3.3 | +2.7 |
USMV | iShares Edge MSCI Min Vol USA ETF | 5.0 | 15 | 20 | 5.4 | +4.8 |
MIDF | iShares Edge MSCI Multifactor USA Mid-Cap ETF | 4.9 | 25 | 10 | 6.9 | +6.3 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 4.9 | 30 | 5 | 6.1 | +5.6 |
FLQM | Franklin LibertyQ U.S. Mid Cap Equity ETF | 4.9 | 30 | 5 | 5.4 | +4.8 |
SPHQ | Invesco S&P 500 Quality ETF | 4.9 | 15 | 20 | 4.5 | +3.9 |
FAD | First Trust Multi Cap Growth AlphaDEX Fund | 4.8 | 66 | -31 | 1.8 | +1.3 |
MXDU | Nationwide Maximum Diversification US Core Equity ETF | 4.8 | 34 | 1 | 4.4 | +3.8 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 4.7 | 24 | 11 | 5.5 | +4.9 |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 4.7 | 17 | 18 | 3.8 | +3.2 |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 4.7 | 15 | 20 | 3.8 | +3.2 |
RFG | Invesco S&P Midcap 400 Pure Growth ETF | 4.6 | 35 | 0 | 3.4 | +2.8 |
VIG | Vanguard Dividend Appreciation Index Fund | 4.6 | 6 | 29 | 5.0 | +4.4 |
IWO | iShares Russell 2000 Growth ETF | 4.6 | 24 | 11 | -0.1 | -0.7 |
GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 4.6 | 9 | 26 | 5.0 | +4.4 |
VOOV | Vanguard S&P 500 Value ETF | 4.5 | 10 | 25 | 6.6 | +6.0 |
VO | Vanguard Mid-Cap Index Fund | 4.5 | 4 | 31 | 4.6 | +4.0 |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 4.4 | 15 | 20 | 4.2 | +3.7 |
XOUT | GraniteShares XOUT U.S. Large Cap ETF | 4.4 | 60 | -25 | 3.7 | +3.2 |
JPUS | JPMorgan Diversified Return U.S. Equity ETF | 4.4 | 18 | 17 | 5.6 | +5.1 |
SPXN | ProShares S&P 500 Ex-Financials ETF | 4.4 | 27 | 8 | 4.5 | +3.9 |
VONV | Vanguard Russell 1000 Value Index Fund | 4.4 | 8 | 27 | 6.1 | +5.6 |
RNLC | Large Cap US Equity Select ETF | 4.3 | 60 | -25 | 5.3 | +4.7 |
RSP | Invesco S&P 500 Equal Weight ETF | 4.3 | 20 | 15 | 5.6 | +5.1 |
PFM | Invesco Dividend Achievers ETF | 4.2 | 53 | -18 | 5.1 | +4.5 |
IWD | iShares Russell 1000 Value ETF | 4.2 | 19 | 16 | 6.0 | +5.5 |
SPYV | SPDR Portfolio S&P 500 Value ETF | 4.1 | 4 | 31 | 6.4 | +5.8 |
IVE | iShares S&P 500 Value ETF | 4.1 | 18 | 17 | 6.3 | +5.7 |
SCHG | Schwab U.S. Large-Cap Growth ETF | 4.1 | 4 | 31 | 3.3 | +2.7 |
VTWG | Vanguard Russell 2000 Growth Index Fund | 4.1 | 15 | 20 | 0.1 | -0.5 |
CHGX | Change Finance U.S. Large Cap Fossil Fuel Free ETF | 4.1 | 49 | -14 | 4.2 | +3.7 |
SPMO | Invesco S&P 500 Momentum ETF | 4.1 | 13 | 22 | 4.0 | +3.4 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
SPDR S&P Health Care Equipment ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
AVOID |
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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