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

41.0 B

ASSETS UNDER MGMT

9 bp

EXPENSES
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 16, 1998
Assets (mns)$41,021
Expense ratio9 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
ELI LILLY & CO 12.4 %
UNITEDHEALTH GROUP INC 9.5 %
JOHNSON & JOHNSON 6.9 %
ABBVIE INC 6.2 %
MERCK & CO. INC. 5.1 %
THERMO FISHER SCIENTIFIC INC 4.2 %
ABBOTT LABORATORIES 3.5 %
DANAHER CORP 3.2 %
INTUITIVE SURGICAL INC 3.1 %
AMGEN INC 3.1 %
Constituent Breakdown
Number of holdings62
Herfindahl-Hirschman Index 475
Wgt avg mkt cap (mns)$291,672
Large cap (>$10bn)99.2%
Mid cap ($2-10bn)0.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 97.3 %
IRELAND 2.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 14.2% 22.0% 14.8% 8.4% 13.3% 11.0% 8.8%
Volatility 10.0% 10.5% 13.8% 14.2% 18.3% 16.9% --
Market Correlations
versus...BetaR-squared
S&P 5000.6360%
MSCI EAFE0.6153%
MSCI Emg Mkts0.3517%
Liquidity Measures
Avg. volume (000)6,677
Turnover2.5%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$25,316
Technical Indicators
Recent close$151.64
30d moving avg.$154.80
Annualized volatility14.7%
Relative strength (RSI)56
Short interest (ETF)6.9%
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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Risk and Returns: XLV vs. Comps (1 YR)

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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 --%
1.8 18.6 3.7 1.7% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

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™

XLV

6.9%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. XLV's ALTAR Score™ is approximately 0.6 standard deviations above the category average. This places XLV in the 71st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

XLV
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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. 28.9 6.6 35.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .