Health Care Select Sector SPDR Fund
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.0x P/Sales
ratio
1.7x
P/BV
ratio
3.8x Div.
yield
1.8%


  • 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) $23,715
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 63
Wgt avg mkt cap (mns) $140,886
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 9.9 %
UNITEDHEALTH GROUP INC 7.5 %
MERCK & CO. INC. 5.2 %
PFIZER INC 4.8 %
ABBVIE INC 4.6 %
ABBOTT LABORATORIES 4.3 %
THERMO FISHER SCIENTIFIC INC 3.8 %
AMGEN INC 3.7 %
ELI LILLY & CO 3.7 %
BRISTOL-MYERS SQUIBB CO 3.5 %
Total 51.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 3.8 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.9% 10.6% 8.0% 15.5% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 0.76 67%
MSCI EAFE 0.70 50%
MSCI Emg. Mkts. 0.51 42%

Technical Indicators
Recent close $101.60
30d moving avg. $100.45
Annualized volatility 15.7%
Short interest (ETF) 7.7%
Short interest (Underlying) 2.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 12,861
Turnover 5.5%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $36,087

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™: 7.1%


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 90.1 43 -30 6.1 -1.0
FHLC Fidelity MSCI Health Care Index ETF 83.2 8 5 5.5 -1.6
VHT Vanguard Health Care Index Fund 81.8 10 3 5.4 -1.7
JHMH John Hancock Multifactor Healthcare ETF 71.2 40 -27 6.1 -1.0
IXJ iShares Global Healthcare ETF 66.8 46 -33 6.3 -0.8
IEHS iShares Evolved U.S. Healthcare Staples ETF 60.6 18 -5 5.7 -1.4
RYH Invesco S&P 500 Equal Weight Health Care ETF 59.0 40 -27 6.5 -0.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 46.9 18 -5 2.9 -4.2
FXH First Trust Health Care AlphaDEX Fund 39.6 62 -49 4.4 -2.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 38.6 60 -47 6.3 -0.8
PJP Invesco Dynamic Pharmaceuticals ETF 36.6 56 -43 10.9 +3.8
FTXH First Trust Nasdaq Pharmaceuticals ETF 34.4 60 -47 8.7 +1.6
PPH VanEck Vectors Pharmaceutical ETF 29.3 36 -23 10.2 +3.1
IHI iShares U.S. Medical Devices ETF 28.7 43 -30 3.5 -3.6
IHE iShares U.S. Pharmaceuticals ETF 28.6 42 -29 5.6 -1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 28.5 15 -2 4.2 -2.9
GDNA Goldman Sachs Motif Human Evolution ETF 28.0 50 -37 0.3 -6.8
JKD iShares Morningstar Large-Cap ETF 26.6 20 -7 5.7 -1.4
LNGR Global X Longevity Thematic ETF 26.0 50 -37 3.1 -4.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 24.8 75 -62 6.2 -0.9
MGV Vanguard Mega Cap Value ETF 24.7 7 6 7.3 +0.3
HLAL Wahed FTSE USA Shariah ETF 23.6 50 -37 4.7 -2.4
SPHQ Invesco S&P 500 Quality ETF 23.3 15 -2 4.7 -2.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 22.2 12 1 4.9 -2.2
XPH SPDR S&P Pharmaceuticals ETF 22.1 35 -22 4.5 -2.6
VTV Vanguard Value Index Fund 22.0 4 9 7.5 +0.4
FTCS First Trust Capital Strength ETF 21.0 58 -45 4.9 -2.2
HDV iShares Core High Dividend ETF 21.0 8 5 6.8 -0.3
VOOV Vanguard S&P 500 Value ETF 20.7 15 -2 7.4 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 20.6 4 9 7.5 +0.4
IVE iShares S&P 500 Value ETF 20.6 18 -5 7.3 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 20.5 48 -35 5.7 -1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 20.4 60 -47 4.4 -2.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 20.3 68 -55 0.2 -6.9
SPXT ProShares S&P 500 Ex-Technology ETF 20.1 27 -14 5.7 -1.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.7 25 -12 6.0 -1.1
SPLV Invesco S&P 500 Low Volatility ETF 19.5 25 -12 5.7 -1.4
IUSV iShares Core S&P U.S. Value ETF 19.3 4 9 7.6 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 19.2 49 -36 4.1 -3.0
PWB Invesco Dynamic Large Cap Growth ETF 18.8 55 -42 3.4 -3.7
XHE SPDR S&P Health Care Equipment ETF 18.6 35 -22 1.7 -5.4
IWX iShares Russell Top 200 Value ETF 18.0 20 -7 7.2 +0.1
IHF iShares U.S. Healthcare Providers ETF 17.6 43 -30 7.7 +0.6
RAFE PIMCO RAFI ESG U.S. ETF 17.3 29 -16 7.9 +0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.2 17 -4 6.6 -0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 17.1 75 -62 4.6 -2.5
VYM Vanguard High Dividend Yield Index ETF 17.1 6 7 7.4 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 16.8 12 1 5.0 -2.1
RBUS Nationwide Risk-Based U.S. Equity ETF 16.8 30 -17 5.1 -2.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.8 49 -36 5.2 -1.9
DSTL Distillate US Fundamental Stability & Value ETF 16.8 39 -26 6.6 -0.5
FTHI First Trust High Income ETF 16.8 85 -72 5.0 -2.1
SPXN ProShares S&P 500 Ex-Financials ETF 16.7 27 -14 5.0 -2.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 16.5 29 -16 7.2 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 16.4 4 9 7.2 +0.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.4 28 -15 6.5 -0.6
USMV iShares Edge MSCI Min Vol USA ETF 16.4 15 -2 5.5 -1.6
FTLB First Trust Hedged BuyWrite Income ETF 16.3 85 -72 5.0 -2.1
DGRO iShares Core Dividend Growth ETF 16.2 8 5 6.7 -0.4
FMK First Trust Mega Cap AlphaDEX Fund 16.0 70 -57 5.2 -1.9
PTH Invesco DWA Healthcare Momentum ETF 16.0 60 -47 -2.4 -9.5
QUS SPDR MSCI USA StrategicFactors ETF 15.8 15 -2 5.9 -1.2
VIG Vanguard Dividend Appreciation Index Fund 15.8 6 7 5.5 -1.6
DEF Invesco Defensive Equity ETF 15.6 55 -42 5.1 -2.0
EQWL Invesco Russell Top 200 Equal Weight ETF 15.4 25 -12 6.2 -0.9
AIEQ AI Powered Equity ETF 15.4 87 -74 3.7 -3.4
SFY SoFi Select 500 ETF 15.3 0 13 5.3 -1.8
CACG ClearBridge All Cap Growth ETF 15.2 54 -41 4.4 -2.7
DHS WisdomTree U.S. High Dividend Fund 15.2 38 -25 8.7 +1.6
IWL iShares Russell Top 200 ETF 15.1 15 -2 5.1 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 15.0 27 -14 5.4 -1.7
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 15.0 59 -46 3.7 -3.4
FDRR Fidelity Dividend ETF for Rising Rates 15.0 29 -16 7.0 -0.1
JVAL JPMorgan U.S. Value Factor ETF 14.9 12 1 8.8 +1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.9 20 -7 5.4 -1.7
DLN WisdomTree U.S. LargeCap Dividend Fund 14.9 28 -15 6.4 -0.7
PBP Invesco S&P 500 BuyWrite ETF 14.8 49 -36 5.0 -2.1
RWL Invesco S&P 500 Revenue ETF 14.8 39 -26 7.3 +0.2
IQSU IQ Candriam ESG US Equity ETF 14.7 9 4 5.1 -2.0
CCOR Core Alternative ETF 14.7 123 -110 4.4 -2.7
QLC FlexShares US Quality Large Cap Index Fund 14.7 32 -19 5.4 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 14.7 29 -16 5.3 -1.8
SPY SPDR S&P 500 ETF Trust 14.7 9 4 5.4 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.7 9 4 5.6 -1.5
IVV iShares Core S&P 500 ETF 14.6 4 9 5.5 -1.6
SPLG SPDR Portfolio Large Cap ETF 14.6 3 10 5.5 -1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.6 30 -17 6.6 -0.5
XLG Invesco S&P 500 Top 50 ETF 14.5 20 -7 4.5 -2.6
VOO VANGUARD S&P 500 ETF 14.5 3 10 5.5 -1.6
HSPX Global X S&P 500 Covered Call ETF 14.5 65 -52 4.9 -2.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.4 34 -21 4.9 -2.2
BKLC BNY Mellon US Large Cap Core Equity ETF 14.4 0 13 5.3 -1.8
RNLC Large Cap US Equity Select ETF 14.4 60 -47 6.2 -0.9
MGC Vanguard Mega Cap Index Fund 14.4 7 6 5.3 -1.8
BBH VanEck Vectors Biotech ETF 14.4 35 -22 3.8 -3.3
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 14.4 60 -47 3.7 -3.4
CLRG IQ Chaikin U.S. Large Cap ETF 14.4 25 -12 6.1 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 14.3 12 1 5.3 -1.8
FLV American Century Focused Large Cap Value ETF 14.2 42 -29 6.8 -0.3
SYV SPDR MFS Systematic Value Equity ETF 14.2 60 -47 7.5 +0.4

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
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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 25.2 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.52
 
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.