XPH
SPDR S&P Pharmaceuticals ETF
SPDR Pharmaceuticals ETF objective is to replicate as closely as possible the performance of the S&P Pharmaceuticals Select Industry Index, an equal-weighted index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
157.7 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 19, 2006 |
| Assets (mns) | $158 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CORCEPT THERAPEUTICS INC | 4.8 % |
| LONGBOARD PHARMACEUTICALS, INC. | 4.2 % |
| BRISTOL-MYERS SQUIBB CO | 4.1 % |
| JAZZ PHARMACEUTICALS PLC | 4.0 % |
| INTRA-CELLULAR THERAPIES INC | 3.9 % |
| VIATRIS, INC. | 3.9 % |
| AXSOME THERAPEUTICS, INC. | 3.5 % |
| CATALENT INC | 3.5 % |
| PERRIGO CO | 3.4 % |
| ELANCO ANIMAL HEALTH, INC. | 3.4 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 290 |
| Wgt avg mkt cap (mns) | $64,869 |
| Large cap (>$10bn) | 30.7% |
| Mid cap ($2-10bn) | 30.4% |
| Small cap (<$2bn) | 38.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 87.0 % |
 |
IRELAND | 7.4 % |
 |
SINGAPORE | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.9% | 30.5% | 6.0% | 0.2% | 4.8% | 0.1% | 7.9% | Volatility | 16.5% | 17.2% | 17.5% | 20.1% | 22.9% | 23.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 41% |
| MSCI EAFE | 0.63 | 38% |
| MSCI Emg Mkts | 0.44 | 18% |
Liquidity Measures
| Avg. volume (000) | 62 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $21,266 |
Technical Indicators
| Recent close | $45.05 |
| 30d moving avg. | $45.21 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 12.3% |
| Short interest (underlying) | 5.8% |
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. XPH |
Expenses vs. XPH |
ALTAR Score™ vs. XPH |
|---|---|---|---|---|
| IHE | iShares U.S. Pharmaceuticals ETF | 56.4% | +5 bp | +3.3% |
| PJP | Invesco Pharmaceuticals ETF | 45.8% | +22 bp | +4.9% |
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 35.0% | +25 bp | +4.4% |
| PPH | VanEck Pharmaceutical ETF | 25.7% | +1 bp | +4.2% |
| IYH | iShares U.S. Healthcare ETF | 16.6% | +5 bp | +1.2% |
| MEDX | Horizon Kinetics Medical ETF | 16.4% | +50 bp | -5.8% |
| VHT | Vanguard Health Care ETF | 16.4% | -25 bp | +0.2% |
| FHLC | Fidelity MSCI Health Care Index ETF | 16.3% | -27 bp | +0.5% |
| XLV | Health Care Select Sector SPDR Fund | 16.0% | -26 bp | +2.0% |
| PSCH | Invesco S&P SmallCap Health Care ETF | 15.5% | -6 bp | -1.5% |
Risk and Returns: XPH 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 11/15/2024
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
XPH
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
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™
XPH
5.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. XPH's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places XPH in the 51st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XPHSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| XPH (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XPH | 35.0 | 9.1 | 44.1 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .