Health Care Select Etf Profile
| XLV Etf | USD 138.63 0.28 0.20% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Health Care is selling for under 138.63 as of the 16th of April 2024; that is -0.2 percent decrease since the beginning of the trading day. The etf's lowest day price was 138.41. Health Care has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Health Care Select are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
In seeking to track the performance of the index, the fund employs a replication strategy. SP 500 is traded on NYSEARCA Exchange in the United States. More on Health Care Select
Moving together with Health Etf
| 0.97 | VHT | Vanguard Health Care | PairCorr |
| 0.78 | XBI | SPDR SP Biotech | PairCorr |
| 0.91 | IHI | iShares Medical Devices | PairCorr |
| 0.98 | IXJ | iShares Global Healthcare | PairCorr |
| 1.0 | IYH | iShares Healthcare ETF | PairCorr |
Moving against Health Etf
| 0.66 | BITI | ProShares Trust Buyout Trend | PairCorr |
Health Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Health Care's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Health Care or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Health Care ETFs, Health, SPDR State Street Global Advisors (View all Sectors) |
| Issuer | SSgA |
| Inception Date | 1998-12-16 |
| Benchmark | S&P Health Care Select Sector Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 38.38 Billion |
| Average Trading Valume | 8.54 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Health Care |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | State Street Bank and Trust Company |
| Advisor | SSgA Funds Management, Inc. |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Portfolio Solutions Distributor, Inc. |
| Portfolio Manager | Mike Feehily, Karl Schneider, Dwayne Hancock |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 65.0 |
| Market Maker | Citadel |
| Total Expense | 0.1 |
| Management Fee | 0.03 |
| Country Name | USA |
| Returns Y T D | 2.22 |
| Name | Health Care Select Sector SPDR Fund |
| Currency Code | USD |
| Open Figi | BBG000BHVSG6 |
| In Threey Volatility | 14.6 |
| 1y Volatility | 11.41 |
| 200 Day M A | 135.66 |
| 50 Day M A | 144.88 |
| Code | XLV |
| Updated At | 15th of April 2024 |
| Currency Name | US Dollar |
Health Care Select [XLV] is traded in USA and was established 1998-12-16. The fund is classified under Health category within SPDR State Street Global Advisors family. The entity is thematically classified as Sector ETFs. Health Care Select at this time have 35.9 B in net assets. , while the total return for the last 3 years was 7.2%.
Check Health Care Probability Of Bankruptcy
Geographic Allocation (%)
Top Health Care Select Etf Constituents
| GILD | Gilead Sciences | Stock | Health Care |
| ABBV | AbbVie Inc | Stock | Health Care |
| ABT | Abbott Laboratories | Stock | Health Care |
| AMGN | Amgen Inc | Stock | Health Care |
| BMY | Bristol Myers Squibb | Stock | Health Care |
| DHR | Danaher | Stock | Health Care |
| JNJ | Johnson Johnson | Stock | Health Care |
Health Care Target Price Odds Analysis
Depending on a normal probability distribution, the odds of Health Care jumping above the current price in 90 days from now is over 95.2%. The Health Care Select probability density function shows the probability of Health Care etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Health Care has a beta of 0.791. This entails as returns on the market go up, Health Care average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Health Care Select will be expected to be much smaller as well. Additionally, health Care Select has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Health Care to move above the current price in 90 days from now is over 95.2 (This Health Care Select probability density function shows the probability of Health Etf to fall within a particular range of prices over 90 days) .
Health Care Top Holders
| FASCX | Franklin K2 Alternative | Mutual Fund | Multistrategy |
| RRH | Advocate Capital Management | Etf | Moderate Allocation |
| ABWAX | Ab All Market | Mutual Fund | Allocation--50% to 70% Equity |
| CSPGX | Astor Star Fund | Mutual Fund | Tactical Allocation |
| LCAIX | Lazard Capital Allocator | Mutual Fund | Tactical Allocation |
| ABWKX | Ab All Market | Mutual Fund | Allocation--50% to 70% Equity |
| HTDCX | Hanlon Tactical Dividend | Mutual Fund | Tactical Allocation |
Health Care Select Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Health Care market risk premium is the additional return an investor will receive from holding Health Care long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Health Care. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Health Care's alpha and beta are two of the key measurements used to evaluate Health Care's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.04) |
Health Care Against Markets
Picking the right benchmark for Health Care etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Health Care etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Health Care is critical whether you are bullish or bearish towards Health Care Select at a given time. Please also check how Health Care's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Health Care without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Companies Directory Now
Companies DirectoryEvaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
| All Next | Launch Module |
How to buy Health Etf?
Before investing in Health Care, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Health Care. To buy Health Care etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Health Care. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Health Care etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Health Care Select etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Health Care Select etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as Health Care Select, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Health Etf please use our How to Invest in Health Care guide.
Already Invested in Health Care Select?
The danger of trading Health Care Select is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Health Care is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Health Care. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Health Care Select is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Health Care Select is a strong investment it is important to analyze Health Care's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Health Care's future performance. For an informed investment choice regarding Health Etf, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Health Care Select. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of Health Care Select is measured differently than its book value, which is the value of Health that is recorded on the company's balance sheet. Investors also form their own opinion of Health Care's value that differs from its market value or its book value, called intrinsic value, which is Health Care's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Health Care's market value can be influenced by many factors that don't directly affect Health Care's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Health Care's value and its price as these two are different measures arrived at by different means. Investors typically determine if Health Care is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Health Care's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.