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Asset Class:Â Health Sector
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Oldest ETF back tested: The Health Care Select Sector SPDR® Fund (XLV)
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Correlation to U.S. Markets:Â 0.78
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Long-Term Performance: 8.43% CAGR
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S&P 500 Performance: 7.28% CAGR
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Back test timeframe: January 1999 – June 2023
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Number of ETFs available in this asset class: 55
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Number of ETFs in this asset class that are 10-years old or older:Â 21
XLV vs SPY: January 1999 – June 2023
XLV vs SPY: December 22, 1998 – July 14, 2023
The Deep Value ETF Accumulator rankings for the 21 oldest Health sector ETFs:
The 5 top ranked Health sector ETFs head-to-head comparisons:
IHI vs RSPH vs FBT vs VHT vs IHF: December 2006 – June 2023
IHI vs RSPH vs FBT vs VHT vs IHF: November 7, 2006 – July 14, 2023
Stated objectives of 5 top ranked Health sector ETFs:
IHI – The iShares U.S. Medical Devices ETF seeks to track the investment results of an index composed of U.S. equities in the medical devices sector. Exposure to U.S. companies that manufacture and distribute medical devices. Targeted access to domestic medical device stocks. Use to express a sector view.
RSPH – The Invesco S&P 500® Equal Weight Health Care ETF (Fund) is based on the S&P 500® Equal Weight Health Care Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index equally weights stocks in the health care sector of the S&P 500® Index. The Fund and the Index are rebalanced quarterly.
FBT – The First Trust NYSE® Arca® Biotechnology Index Fund is an exchange-traded index fund. The investment objective of the Fund is to replicate as closely as possible, before fees and expenses, the price and yield of the NYSE® Arca Biotechnology Index. The NYSE® Arca Biotechnology Index is an equal dollar weighted index designed to measure the performance of a cross section of companies in the biotechnology industry that are primarily involved in the use of biological processes to develop products or provide services. Such processes include, but are not limited to, recombinant DNA technology, molecular biology, genetic engineering, monoclonal antibody-based technology, lipid/liposome technology, and genomics. The index is rebalanced quarterly based upon closing prices on the third Friday in January, April, July & October to ensure that each component stock continues to represent an approximately equal weight in the index.
VHT – Vanguard Health Care ETF. Seeks to track the performance of a benchmark index that measures the investment return of stocks in the health care sector. Passively managed, using a full-replication strategy when possible and a sampling strategy if regulatory constraints dictate. Includes stocks of companies involved in providing medical or health care products, services, technology, or equipment.
IHF – The iShares U.S. Healthcare Providers ETF seeks to track the investment results of an index composed of U.S. equities in the healthcare providers sector. Exposure to U.S. companies that provide health insurance, diagnostics, and specialized treatment. Targeted access to domestic healthcare services stocks.
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Respectfully yours, Micah McDonald, aka the Deep Value ETF Accumulator
Disclosure: We currently own shares of PSCH and we intend to sell those shares within the next 72 hours. We also intend to start a new position in RSPH within the next 72 hours. I am not a professional investment advisor. Please perform your own due diligence or seek the advice of a Registered Investment Advisor before investing in any security mentioned in this article. This website contains affiliate links to Google AdSense.