Get the Crash Cart: Top 5 ETFs Exposed to McKesson

Shares of McKesson Corporation (MCK) are off more than 20% today after the company missed consensus forecasts in this morning’s quarterly earnings report. Net profits for the quarter fell by about half versus last year, as management revised its forward guidance sharply lower. Several of McKesson’s competitors also sold off, following comments on the earnings call that a competitor was undercutting McKesson’s pricing, hinting at a price war that could wreck the entire industry’s already-thin margins.

Naturally, the sell-off has also dragged down shares of related ETFs. We used our Hedge Finder tool to find 109 ETFs holding shares of MCK. Here are the top 5:

ETF Ticker	Fund name	Weighting (%)
PPH	VanEck Vectors Pharmaceuticals	4.2
RTH	VanEck Vectors Retail	4.0
LEAD	Reality Shares DIVCON Leaders Dividend	2.7
SYG	SPDR MFS Systematic Growth Equity	2.4
MOAT	Mkt Vectors Morningstar Wide Moat Focus	2.2

ETF Ticker

Fund name

Weighting (%)

PPH

VanEck Vectors Pharmaceuticals

4.2

RTH

VanEck Vectors Retail

4.0

LEAD

Reality Shares DIVCON Leaders Dividend

2.7

SYG

SPDR MFS Systematic Growth Equity

2.4

MOAT

Mkt Vectors Morningstar Wide Moat Focus

2.2

The first fund on the list, the VanEck Vectors Pharmaceuticals ETF (PPH) probably doesn’t come as a surprise, but the next four ETFs very well might. Meanwhile, the 800 lb. gorilla in the sector, the Health Care Select Sector SPDR (XLV) has relatively limited exposure to MCK at just 1.4% of holdings.

For a list of ETFs holding any other stock, use our Hedge Finder tool. Many investors use it to hedge single stock risk ahead of earnings and other events such as this.