Health Care Select Sector SPDR FundNYSE American: XLV

The Health Care Select Sector SPDR ETF (XLV) was launched on 12/16/1998, and is a passively managed exchange traded fund designed to offer broad exposure to the Healthcare - Broad segment of the equity market.

XLV tracks the 64 Health Care stocks in the S&P 500 Index. Its expense ratio is 0.10% and the ETF has over $40 billion in assets under management. With a 12% weighting in the S&P 500 Index, Health Care is already well-represented in most portfolios. Attractive fundamentals should support a buy rating, but that's not the case today. Except for Eli Lilly and a handful of others, XLV lacks the growth potential to support its excessive valuation, which rivals SPY on forward earnings and trailing cash flow.

If you're interested in broad exposure to the Healthcare - Broad segment of the equity market, look no further than the Health Care Select Sector SPDR ETF (XLV), a passively managed exchange traded fund launched on 12/16/1998.

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Health Care Select Sector SPDR Fund is recommended as a buy due to its strong mix of holdings, low expense ratio, and noteworthy dividend yield. XLV has outperformed its peer health care ETFs in terms of one-year performance and has a relatively low correlation to the overall market. XLV's top holdings, including Eli Lilly, UnitedHealth Group, and Johnson & Johnson, have shown consistent growth and profitability.

Looking for broad exposure to the Healthcare - Broad segment of the equity market? You should consider the Health Care Select Sector SPDR ETF (XLV), a passively managed exchange traded fund launched on 12/16/1998.

Chart-watchers are growing increasingly bullish on health-care stocks now that they have become the best-performing sector of the S&P 500 so far in 2024, according to Dow Jones Market Data. Analysts have cited attractive valuations relative to earnings and a compelling growth story as two reasons health-care stocks might continue to outperform.

For investors seeking momentum, Health Care Select Sector SPDR ETF XLV is probably on the radar. The fund just hit a 52-week high and is up 15.5% from its 52-week low price of $122.59/share.

For investors seeking momentum, Health Care Select Sector SPDR Fund XLV is probably on radar. The fund just hit a 52-week high and is up 13% from its 52-week low price of $122.59/share.