Health Care Select Sector SPDR Fund
ALTAR
Score™
8.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
1.4x
P/BV
ratio
3.0x Div.
yield
2.1%


  • 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 22, 1998
Assets (mns) $17,810
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 61
Wgt avg mkt cap (mns) $129,777
Large cap (>$10bn) 97.8%
Mid cap ($2-10bn) 2.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 10.4 %
UNITEDHEALTH GROUP INC 7.2 %
MERCK & CO. INC. 5.9 %
PFIZER INC 5.5 %
ABBOTT LABORATORIES 4.2 %
BRISTOL-MYERS SQUIBB CO 4.0 %
MEDTRONIC PLC 3.7 %
AMGEN INC 3.6 %
ELI LILLY & CO 3.5 %
THERMO FISHER SCIENTIFIC INC 3.4 %
Total 51.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.6 %
IRELAND 6.0 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.7% -1.2% 5.9% 12.6% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 0.72 61%
MSCI EAFE 0.64 47%
MSCI Emg. Mkts. 0.49 40%

Technical Indicators
Recent close $85.21
30d moving avg. $90.44
Annualized volatility 14.1%
Short interest (ETF) 11.8%
Short interest (Underlying) 2.0%
Relative strength (RSI) 41

Liquidity measures
Avg. volume (thou.) 23,068
Turnover 11.0%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $39,628

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 8.3%


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 90.4 43 -30 7.3 -1.0
VHT Vanguard Health Care Index Fund 86.3 10 3 6.7 -1.6
FHLC Fidelity MSCI Health Care Index ETF 85.2 8 5 6.8 -1.5
JHMH John Hancock Multifactor Healthcare ETF 72.2 40 -27 7.4 -1.0
IXJ iShares Global Healthcare ETF 66.8 46 -33 7.4 -0.9
RYH Invesco S&P 500 Equal Weight Health Care ETF 60.7 40 -27 8.1 -0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 57.0 18 -5 7.1 -1.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 50.7 18 -5 4.7 -3.6
PJP Invesco Dynamic Pharmaceuticals ETF 42.9 56 -43 12.8 +4.5
FTXH First Trust Nasdaq Pharmaceuticals ETF 38.4 60 -47 8.1 -0.2
FXH First Trust Health Care AlphaDEX Fund 38.0 62 -49 6.7 -1.6
IHE iShares U.S. Pharmaceuticals ETF 32.1 42 -29 6.7 -1.6
PPH VanEck Vectors Pharmaceutical ETF 29.6 36 -23 12.0 +3.7
GDNA Goldman Sachs Motif Human Evolution ETF 27.8 50 -37 0.6 -7.7
LNGR Global X Longevity Thematic ETF 27.4 50 -37 4.5 -3.8
IHI iShares U.S. Medical Devices ETF 26.9 43 -30 4.6 -3.7
HLAL Wahed FTSE USA Shariah ETF 25.5 50 -37 6.3 -2.0
XPH SPDR S&P Pharmaceuticals ETF 25.5 35 -22 6.5 -1.8
SPHQ Invesco S&P 500 Quality ETF 25.3 15 -2 6.6 -1.7
MGV Vanguard Mega Cap Value ETF 25.2 7 6 9.1 +0.8
VTV Vanguard Value Index Fund 22.9 4 9 9.4 +1.1
VOOV Vanguard S&P 500 Value ETF 21.4 15 -2 9.4 +1.1
OUSA O'Shares FTSE US Quality Dividend ETF 21.4 48 -35 7.2 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 21.3 4 9 9.4 +1.1
IVE iShares S&P 500 Value ETF 21.2 18 -5 9.3 +1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.1 60 -47 6.1 -2.2
PWV Invesco Dynamic Large Cap Value ETF 20.9 55 -42 10.9 +2.6
SPXT ProShares S&P 500 Ex-Technology ETF 20.5 27 -14 7.5 -0.8
IUSV iShares Core S&P U.S. Value ETF 20.1 4 9 9.6 +1.3
HDV iShares Core High Dividend ETF 20.0 8 5 8.5 +0.2
CLRG IQ Chaikin U.S. Large Cap ETF 19.6 25 -12 11.6 +3.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 19.4 49 -36 5.6 -2.7
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 19.1 49 -36 6.3 -2.0
WOMN Impact Shares YWCA Women's Empowerment ETF 19.0 75 -62 6.3 -2.0
JKF iShares Morningstar Large Cap Value ETF 18.9 25 -12 9.8 +1.5
IWX iShares Russell Top 200 Value ETF 18.8 20 -7 9.0 +0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 18.7 25 -12 7.8 -0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 18.6 12 1 6.4 -1.9
XHE SPDR S&P Health Care Equipment ETF 18.6 35 -22 2.7 -5.6
HTEC ROBO Global Healthcare Technology & Innovation ETF 18.4 68 -55 1.0 -7.3
RAFE PIMCO RAFI ESG U.S. ETF 18.1 29 -16 10.6 +2.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 18.0 49 -36 7.7 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 17.8 27 -14 6.8 -1.5
IHF iShares U.S. Healthcare Providers ETF 17.4 43 -30 9.5 +1.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 17.4 29 -16 8.7 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 17.3 4 9 9.2 +0.9
JKE iShares Morningstar Large-Cap Growth ETF 17.2 25 -12 4.8 -3.5
VYM Vanguard High Dividend Yield Index ETF 17.2 6 7 9.2 +0.9
FTCS First Trust Capital Strength ETF 17.0 60 -47 6.3 -2.0
HSPX Global X S&P 500 Covered Call ETF 16.8 65 -52 6.4 -1.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.7 17 -4 9.1 +0.8
JVAL JPMorgan U.S. Value Factor ETF 16.6 12 1 12.1 +3.8
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.6 28 -15 8.4 +0.1
KRMA Global X Conscious Companies ETF 16.6 43 -30 7.5 -0.8
PBP Invesco S&P 500 BuyWrite ETF 16.5 49 -36 6.7 -1.6
CACG ClearBridge All Cap Growth ETF 16.5 54 -41 5.8 -2.5
IUS Invesco Strategic US ETF 16.4 19 -6 8.1 -0.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 16.4 7 6 8.6 +0.3
IWL iShares Russell Top 200 ETF 16.3 15 -2 6.8 -1.5
IQSU IQ Candriam ESG US Equity ETF 16.1 9 4 6.9 -1.5
DGRO iShares Core Dividend Growth ETF 16.0 8 5 8.6 +0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.9 52 -39 8.0 -0.3
MGC Vanguard Mega Cap Index Fund 15.9 7 6 7.0 -1.3
BBH VanEck Vectors Biotech ETF 15.8 35 -22 4.7 -3.6
SPXE ProShares S&P 500 Ex-Energy ETF 15.8 27 -14 7.1 -1.2
RWL Invesco S&P 500 Revenue ETF 15.8 39 -26 9.3 +1.0
VLUE iShares Edge MSCI USA Value Factor ETF 15.7 15 -2 14.6 +6.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.7 20 -7 7.2 -1.1
PWB Invesco Dynamic Large Cap Growth ETF 15.7 55 -42 4.8 -3.5
QUAL iShares MSCI Usa Quality Factor ETF 15.6 15 -2 7.1 -1.2
OEF iShares S&P 100 ETF 15.5 20 -7 6.5 -1.8
RNLC Large Cap US Equity Select ETF 15.4 60 -47 8.2 -0.1
QLC FlexShares US Quality Large Cap Index Fund 15.4 32 -19 7.6 -0.7
SPY SPDR S&P 500 ETF Trust 15.4 9 4 7.2 -1.1
SPLG SPDR Portfolio Large Cap ETF 15.4 3 10 7.3 -1.0
VOO VANGUARD S&P 500 ETF 15.4 3 10 7.3 -1.0
FVAL Fidelity Value Factor ETF 15.3 29 -16 11.1 +2.8
IVV iShares Core S&P 500 ETF 15.3 4 9 7.3 -1.0
QDF FlexShares Quality Dividend Index Fund 15.3 37 -24 9.1 +0.8
REVS Columbia Research Enhanced Value ETF 15.2 19 -6 10.1 +1.8
QUS SPDR MSCI USA StrategicFactors ETF 15.2 15 -2 7.4 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 15.2 39 -26 7.8 -0.5
JQUA JPMorgan U.S. Quality Factor ETF 15.1 12 1 6.8 -1.5
SYE SPDR MFS Systematic Core Equity ETF 15.1 60 -47 8.4 +0.1
SYV SPDR MFS Systematic Value Equity ETF 15.1 60 -47 10.0 +1.7
FDRR Fidelity Dividend ETF for Rising Rates 15.1 29 -16 9.8 +1.5
VONV Vanguard Russell 1000 Value Index Fund 15.1 8 5 9.5 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 15.0 28 -15 8.3 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 15.0 20 -7 6.8 -1.5
FLAG FLAG-Forensic Accounting Long Short ETF 15.0 152 -139 11.8 +3.5
QDEF FlexShares Quality Dividend Defensive Index Fund 15.0 37 -24 8.1 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 15.0 29 -16 7.1 -1.2
VV Vanguard Large-Cap Index Fund 15.0 4 9 7.1 -1.2
DHS WisdomTree U.S. High Dividend Fund 14.9 38 -25 10.7 +2.4
RECS Columbia Research Enhanced Core ETF 14.9 15 -2 7.6 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 14.9 10 3 7.1 -1.2
FTHI First Trust High Income ETF 14.9 85 -72 7.7 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 14.9 10 3 7.1 -1.2
EDOW First Trust Dow 30 Equal Weight ETF 14.9 50 -37 7.5 -0.9
FQAL Fidelity Quality Factor ETF 14.9 29 -16 7.2 -1.1

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 24.0 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.51
 
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.