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ETFs

Harbor Health Care ETF

MEDI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 16 2022
Expense Ratio
0.80%
Type
Global Equities
Fund Owner
Harbor Funds
Volume (1m avg. daily)
$8,716
AUM
$4,410,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

LLY
Lilly(Eli) & Co
14.00%
UNH
Unitedhealth Group Inc
11.40%
ASND
Ascendis Pharma A/S - ADR
10.50%
HUM
Humana Inc.
5.40%
RCKT
Rocket Pharmaceuticals Inc
4.60%
DXCM
Dexcom Inc
4.60%
LEGN
Legend Biotech Corp - ADR
3.90%
ISRG
Intuitive Surgical Inc
3.80%
ICLR
Icon Plc
3.60%
MRK
Merck & Co Inc
3.40%
Invest with MEDI

What is MEDI?

The Fund invests primarily in equity securities, principally common and preferred stocks of companies of any market capitalization. Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of companies principally engaged in the research, development, production, or distribution of products and services related to the health care industry.

ETFs related toMEDI

ETFs correlated to MEDI include VHT, FHLC, IYH

MEDI
Harbor ETF Trust - Harbor Health Care ETF
VHT
Vanguard Group, Inc. - Vanguard Health Care ETF
FHLC
Fidelity Covington Trust - Fidelity MSCI Health Care Index ETF
IYH
BlackRock Institutional Trust Company N.A. - iShares U.S. Healthcare ETF
PINK
Simplify Exchange Traded Funds - Simplify Health Care ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
IXJ
BlackRock Institutional Trust Company N.A. - iShares Global Healthcare ETF
XLV
SSgA Active Trust - Health Care Select Sector SPDR
CURE
Direxion Shares ETF Trust - Direxion Daily Healthcare Bull 3X Shares
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
IBB
BlackRock Institutional Trust Company N.A. - iShares Biotechnology ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMEDI

#PTS

Pick the Trending Sector

Category

Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with MEDI using Composer

FAQ

MEDI is a Global Equities ETF. The Fund invests primarily in equity securities, principally common and preferred stocks of companies of any market capitalization. Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of companies principally engaged in the research, development, production, or distribution of products and services related to the health care industry.

Yes, MEDI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, MEDI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MEDI is 0.0048%. This is the percent change in the value of MEDI over the most recent 1-month period. The 3-month return on MEDI is 0.0061%. This is the percent change in the value of MEDI over the most recent 3-month period.

ETFs similar to MEDI include IXN, SMH, and URA.

ETFs correlated to MEDI include VHT, FHLC, and IYH.

ETFs that are inversely correlated to MEDI include LABD, DOG, and SDOW.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.