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ETFs

SPDR S&P Health Care Equipment ETF

XHE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 26 2011
Expense Ratio
0.35%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$3,160,662
AUM
$400,555,214
Associated Index
S&P Health Care Equipment Select Industry Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MMSI
Merit Medical Systems, Inc.
1.79%
SIBN
SI-BONE Inc
1.71%
LIVN
LivaNova PLC
1.70%
HAE
Haemonetics Corp.
1.70%
GKOS
Glaukos Corporation
1.69%
STE
Steris Plc
1.68%
MDT
Medtronic Plc
1.68%
GMED
Globus Medical Inc - Ordinary Shares - Class A
1.67%
BSX
Boston Scientific Corp.
1.66%
IART
Integra Lifesciences Holdings Corp
1.66%
Invest with XHE

What is XHE?

The SPDR S&P Health Care Equipment ETF before expenses seeks to closely match the returns and characteristics of the S&P Health Care Equipment Select Industry Index (index ticker: SPSIHE). The approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

ETFs related toXHE

ETFs correlated to XHE include IHI, FXH, VBK

XHE
SPDR Series Trust - SPDR S&P Health Care Equipment ETF
IHI
BlackRock Institutional Trust Company N.A. - iShares U.S. Medical Devices ETF
FXH
First Trust Exchange-Traded Fund III - First Trust Health Care AlphaDEX Fund
VBK
Vanguard Group, Inc. - Vanguard Small Cap Growth ETF
IWO
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 Growth ETF
VTWG
Vanguard Group, Inc. - Vanguard Russell 2000 Growth Index ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
RSPH
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Health Care ETF
IMCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Growth ETF
QQQJ
Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ Next Gen 100 ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth 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 toXHE

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with XHE using Composer

FAQ

XHE is a US Equities ETF. The SPDR S&P Health Care Equipment ETF before expenses seeks to closely match the returns and characteristics of the S&P Health Care Equipment Select Industry Index (index ticker: SPSIHE). The approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

XHE tracks the S&P Health Care Equipment Select Industry Index.

No, XHE is not actively managed. It is passively 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.

Yes, XHE is passively 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 XHE is -0.079%. This is the percent change in the value of XHE over the most recent 1-month period. The 3-month return on XHE is -0.1917%. This is the percent change in the value of XHE over the most recent 3-month period.

The standard deviation of XHE for the past year is 0.2322%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to XHE include XLI, XLY, and XLV.

ETFs correlated to XHE include IHI, FXH, and VBK.

ETFs that are inversely correlated to XHE include TWM, SRTY, and TZA.

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.