Health Care Select Sector SPDR Fund
ALTAR
Score™
7.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
18.8x P/Sales
ratio
1.9x
P/BV
ratio
4.2x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Select Sector SPDRŽ holding S&P 500 stocks in the Health Care sector. Component industries include Health Care Equipment & Services; and Pharmaceutical & Biotechnology. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index. For product information and a prospectus visit www.sectorspdr.com.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.sectorspdrs.com
Inception date Dec 16, 1998
Assets (mns) $26,057
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 64
Wgt avg mkt cap (mns) $158,106
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 9.6 %
UNITEDHEALTH GROUP INC 7.6 %
MERCK & CO. INC. 4.8 %
PFIZER INC 4.6 %
THERMO FISHER SCIENTIFIC INC 4.5 %
ABBOTT LABORATORIES 4.5 %
ABBVIE INC 4.4 %
MEDTRONIC PLC 3.6 %
ELI LILLY & CO 3.4 %
BRISTOL-MYERS SQUIBB CO 3.4 %
Total 50.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
IRELAND 3.7 %
BRITAIN 0.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.2% 13.2% 11.4% 15.7% 8.5%

Market Correlations
versus... Beta R-squared
S&P500 0.75 71%
MSCI EAFE 0.67 56%
MSCI Emg. Mkts. 0.55 49%

Technical Indicators
Recent close $116.97
30d moving avg. $113.38
Annualized volatility 16.7%
Short interest (ETF) 9.5%
Short interest (Underlying) 2.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 8,818
Turnover 4.0%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $24,288

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Health Care Select Sector SPDR Fund ETF based on the alternatives' overlap in portfolio holdings with XLV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XLV Expense: 13 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLV
Ticker Fund
Name
Overlap1
vs XLV
(%)
Expense
ratio
(bp)
Savings
vs XLV
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLV
(%)
IYH iShares U.S. Healthcare ETF 87.8 43 -30 6.0 -1.0
FHLC Fidelity MSCI Health Care Index ETF 80.0 8 5 5.2 -1.8
VHT Vanguard Health Care Index Fund 79.5 10 3 5.2 -1.8
JHMH John Hancock Multifactor Healthcare ETF 69.7 40 -27 5.8 -1.1
IXJ iShares Global Healthcare ETF 67.8 46 -33 6.2 -0.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 61.4 18 -5 5.0 -2.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 58.5 40 -27 6.4 -0.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 44.9 18 -5 3.7 -3.3
FTXH First Trust Nasdaq Pharmaceuticals ETF 35.5 60 -47 4.4 -2.6
PJP Invesco Dynamic Pharmaceuticals ETF 35.0 56 -43 9.0 +2.0
VIRS Pacer BioThreat Strategy ETF 32.0 70 -57 4.9 -2.1
FXH First Trust Health Care AlphaDEX Fund 30.9 62 -49 4.6 -2.4
IHI iShares U.S. Medical Devices ETF 30.4 42 -29 3.1 -3.8
PPH VanEck Vectors Pharmaceutical ETF 29.1 36 -23 10.5 +3.6
IHE iShares U.S. Pharmaceuticals ETF 28.2 42 -29 5.9 -1.0
SPHQ Invesco S&P 500 Quality ETF 27.6 15 -2 4.5 -2.5
MGV Vanguard Mega Cap Value ETF 24.6 7 6 6.4 -0.5
LNGR Global X Longevity Thematic ETF 24.6 50 -37 2.9 -4.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 23.7 29 -16 8.2 +1.2
OUSA O'Shares FTSE US Quality Dividend ETF 23.4 48 -35 5.5 -1.4
VOOV Vanguard S&P 500 Value ETF 22.4 10 3 6.6 -0.4
HLAL Wahed FTSE USA Shariah ETF 22.3 50 -37 3.9 -3.1
GBLO Global Beta Low Beta ETF 21.6 29 -16 7.3 +0.4
XPH SPDR S&P Pharmaceuticals ETF 21.6 35 -22 2.8 -4.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 21.0 12 1 5.0 -1.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 21.0 25 -12 5.9 -1.1
SPLV Invesco S&P 500 Low Volatility ETF 20.9 25 -12 5.6 -1.4
HDV iShares Core High Dividend ETF 20.8 8 5 6.3 -0.6
SIXA 6 Meridian Mega Cap Equity ETF 20.6 82 -69 5.9 -1.1
JKF iShares Morningstar Large Cap Value ETF 20.6 25 -12 6.6 -0.4
VTV Vanguard Value Index Fund 20.4 4 9 6.5 -0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.1 28 -15 6.1 -0.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 19.8 68 -55 0.9 -6.1
SPXT ProShares S&P 500 Ex-Technology ETF 18.6 27 -14 4.9 -2.0
SPMO Invesco S&P 500 Momentum ETF 18.4 13 0 4.0 -3.0
JOET Virtus Terranova US Quality Momentum ETF 18.1 29 -16 4.7 -2.3
JMIN JPMorgan U.S. Minimum Volatility ETF 18.0 12 1 5.3 -1.6
XHE SPDR S&P Health Care Equipment ETF 18.0 35 -22 0.6 -6.4
USMV iShares Edge MSCI Min Vol USA ETF 18.0 15 -2 5.4 -1.6
IHF iShares U.S. Healthcare Providers ETF 17.9 42 -29 6.5 -0.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 17.2 75 -62 5.3 -1.6
QUS SPDR MSCI USA StrategicFactors ETF 16.9 15 -2 5.3 -1.7
ESGV Vanguard ESG U.S. Stock ETF 16.9 12 1 4.6 -2.4
RBUS Nationwide Risk-Based U.S. Equity ETF 16.9 30 -17 4.6 -2.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.5 49 -36 3.5 -3.4
JKD iShares Morningstar Large-Cap ETF 16.5 20 -7 4.8 -2.1
DGRO iShares Core Dividend Growth ETF 16.5 8 5 6.0 -1.0
IWX iShares Russell Top 200 Value ETF 16.5 20 -7 6.0 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.3 19 -6 5.4 -1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 16.3 75 -62 3.6 -3.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.3 60 -47 3.7 -3.2
FTCS First Trust Capital Strength ETF 16.3 58 -45 5.1 -1.9
DLN WisdomTree U.S. LargeCap Dividend Fund 16.2 28 -15 6.2 -0.8
RAFE PIMCO RAFI ESG U.S. ETF 16.0 30 -17 6.7 -0.2
DIA SPDR Dow Jones Industrial Average ETF Trust 16.0 16 -3 5.0 -2.0
CWS AdvisorShares Focused Equity ETF 15.8 77 -64 4.5 -2.4
VIG Vanguard Dividend Appreciation Index Fund 15.8 6 7 5.0 -2.0
SPXN ProShares S&P 500 Ex-Financials ETF 15.7 27 -14 4.5 -2.5
NULV Nuveen ESG Large-Cap Value ETF 15.7 35 -22 6.0 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 15.6 39 -26 5.7 -1.2
RWL Invesco S&P 500 Revenue ETF 15.6 39 -26 6.3 -0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.5 17 -4 6.1 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 15.3 4 9 6.4 -0.6
IVE iShares S&P 500 Value ETF 15.3 18 -5 6.3 -0.7
VYM Vanguard High Dividend Yield Index ETF 15.2 6 7 6.6 -0.3
EPS WisdomTree U.S. Earnings 500 Fund 15.2 8 5 6.0 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 15.1 15 -2 6.0 -1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 15.1 25 -12 5.6 -1.3
LVHD Legg Mason Low Volatility High Dividend ETF 15.1 27 -14 7.7 +0.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 15.1 35 -22 6.7 -0.3
IQSU IQ Candriam ESG US Equity ETF 14.9 9 4 4.6 -2.3
FCPI Fidelity Stocks for Inflation ETF 14.9 29 -16 5.8 -1.2
SPMV Invesco S&P 500 Minimum Variance ETF 14.8 10 3 5.5 -1.5
QLV FlexShares US Quality Low Volatility Index Fund 14.8 22 -9 4.4 -2.5
NACP Impact Shares NAACP Minority Empowerment ETF 14.7 49 -36 4.8 -2.2
CCOR Core Alternative ETF 14.7 109 -96 4.1 -2.8
FDLO Fidelity Low Volatility Factor ETF 14.6 29 -16 5.0 -2.0
ANEW ProShares MSCI Transformational Changes ETF 14.5 45 -32 2.5 -4.4
DTD WisdomTree U.S.Total Dividend Fund 14.4 28 -15 6.3 -0.7
SFY SoFi Select 500 ETF 14.4 0 13 4.6 -2.3
QDEF FlexShares Quality Dividend Defensive Index Fund 14.4 37 -24 5.6 -1.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 14.3 60 -47 4.5 -2.5
DEF Invesco Defensive Equity ETF 14.3 55 -42 5.3 -1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.3 20 -7 4.9 -2.1
IUSV iShares Core S&P U.S. Value ETF 14.3 4 9 6.4 -0.6
XLG Invesco S&P 500 Top 50 ETF 14.3 20 -7 4.2 -2.7
ACIO Aptus Collared Income Opportunity ETF 14.2 79 -66 3.9 -3.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.2 9 4 4.9 -2.1
VALQ American Century STOXX U.S. Quality Value ETF 14.2 29 -16 7.9 +0.9
MGC Vanguard Mega Cap Index Fund 14.2 7 6 4.7 -2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 14.1 0 13 4.6 -2.4
IWL iShares Russell Top 200 ETF 14.1 15 -2 4.5 -2.5
EFIV SPDR S&P 500 ESG ETF 14.1 10 3 4.7 -2.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 14.1 15 -2 4.7 -2.2
PBP Invesco S&P 500 BuyWrite ETF 14.1 49 -36 4.4 -2.6
SNPE Xtrackers S&P 500 ESG ETF 14.0 10 3 4.7 -2.3
PSET Principal Price Setters Index ETF 14.0 15 -2 4.7 -2.3
LSLT Salt Low truBeta US Market ETF 14.0 60 -47 5.8 -1.2
FLV American Century Focused Large Cap Value ETF 14.0 42 -29 5.8 -1.2

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
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
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

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Health Care Select Sector SPDR Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.3 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.