XLV
Health Care Select Sector SPDR Fund
Select Sector SPDR® 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.
US
EQUITY
Passive
MANAGEMENT STYLE
39.1 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 1998 |
| Assets (mns) | $39,114 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ELI LILLY & CO | 11.3 % |
| UNITEDHEALTH GROUP INC | 10.5 % |
| JOHNSON & JOHNSON | 7.1 % |
| ABBVIE INC | 5.6 % |
| MERCK & CO. INC. | 4.7 % |
| ABBOTT LABORATORIES | 3.9 % |
| THERMO FISHER SCIENTIFIC INC | 3.8 % |
| INTUITIVE SURGICAL INC | 3.6 % |
| AMGEN INC | 2.9 % |
| DANAHER CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 466 |
| Wgt avg mkt cap (mns) | $284,733 |
| Large cap (>$10bn) | 99.0% |
| Mid cap ($2-10bn) | 0.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
IRELAND | 2.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.9% | 19.8% | 7.1% | 4.9% | 11.1% | 9.9% | 8.5% | Volatility | 10.6% | 10.7% | 11.5% | 14.2% | 18.3% | 16.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 57% |
| MSCI EAFE | 0.61 | 54% |
| MSCI Emg Mkts | 0.33 | 16% |
Liquidity Measures
| Avg. volume (000) | 7,216 |
| Turnover | 2.7% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $41,756 |
Technical Indicators
| Recent close | $144.03 |
| 30d moving avg. | $151.91 |
| Annualized volatility | 14.6% |
| Relative strength (RSI) | 40 |
| Short interest (ETF) | 5.7% |
| Short interest (underlying) | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XLV |
Expenses vs. XLV |
ALTAR Score™ vs. XLV |
|---|---|---|---|---|
| IYH | iShares U.S. Healthcare ETF | 92.9% | +31 bp | -0.8% |
| FHLC | Fidelity MSCI Health Care Index ETF | 85.6% | -1 bp | -1.4% |
| VHT | Vanguard Health Care ETF | 84.9% | +1 bp | -1.7% |
| IXJ | iShares Global Healthcare ETF | 72.3% | +33 bp | -0.9% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 53.5% | +31 bp | +0.6% |
| BHCHX | Baron Health Care Strategy | 45.8% | +66 bp | -8.1% |
| PINK | Simplify Health Care ETF | 39.4% | +41 bp | -4.1% |
| PPH | VanEck Pharmaceutical ETF | 37.6% | +27 bp | +2.2% |
| MEDX | Horizon Kinetics Medical ETF | 36.4% | +76 bp | -7.7% |
| PJP | Invesco Pharmaceuticals ETF | 35.7% | +48 bp | +2.8% |
Risk and Returns: XLV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XLV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
XLV
7.4%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. XLV's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places XLV in the 80th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XLVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| XLV (9 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XLV | 9.0 | 0.8 | 9.8 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .