Health Care Devices & Services ETFs

Health Care  Devices & Services ETFs
  • Pininvest Analysis

Presenting side by side health care services (managed health care, facilities and distributors) and devices (mainly equipment but also supplies), our theme draws the attention on

  • the strong performance and low volatility of US devices related funds – relative to the health care service funds of the same ETF providers
  • the outperformance – at the cost of higher volatility – of [asset ticker="SLIM" mnemonic="NASDAQ"] featuring a more diverse regional allocation (only approx.. 2/3 in North America)
  • the lower performance of services related funds – albeit achieved with low volatility – which we believe to result from the combination of two quite distinct segments – Real Estate (by way of senior housing) and Health Care (pharmaceuticals, services) – affected by different market dynamics

 

Our ETF market sector themes present a cross-sectional view of equity trends – in terms of market coverage, size and style. We hope to achieve a fair coverage of ETFs in each category, which is a work in progress

We do not receive any commission or other form of compensation from the providers included in our 'Funds' presentation

Health Care Devices & Services ETFs • Updated:

Name Ticker Exchange Category SubCategory Currency Cur.Price AUM Perf. Momentum Vol. Risk Contrib. MDD
 
iShares U.S. Healthcare Providers ETF IHF NYSEARCA Health Care Logistics & Services USD 264.77 753 M 37.8% Neutral 18%   19% -9%
iShares U.S. Medical Devices ETF IHI NYSEARCA Health Care Medical Devices USD 354.81 4.5 B 34.7% Neutral 18%   18% -9%
Janus Henderson Long-Term Care ETF OLD NASDAQ Health Care Logistics & Services USD 32.55 31 M 40.6% Neutral 21%   19% -9%
SPDR S&P Health Care Equipment ETF XHE NYSEARCA Health Care Medical Devices USD 127.14 512 M 44.4% Neutral 20%   22% -11%
SPDR S&P Health Care Services ETF XHS NYSEARCA Health Care Logistics & Services USD 114.67 88 M 69.7% Neutral 20%   23% -11%