RYH ETF

The healthcare sector trailed the broader market last year. The group was stymied by its status as a defensive group.

As measured by the S&P 500 Growth and Value indexes, growth stocks are trouncing their value counterparts this year. On a year-to-date basis as of August 28, the gap between those two benchmarks is 1,000 basis points in favor of the growth index.

Invesco S&P 500® Equal Weight Health Care ETF has not seen any dilution or appreciation in price since its share split a month ago. RYH ETF has a good long-term performance record, generating an average total return of 10.14% over the past five years. Healthcare equipment providers have been the best performing stocks in RYH's portfolio, while the healthcare sector tends to outperform during uncertain economic times.

Many view the healthcare sector as a prime destination for investors seeking quality attributes and steadiness. While the group is scuffling a bit this year, those traits remain intact.

With the hoopla surrounding mega-cap growth stocks this year, some slower-moving sectors may not be getting the attention they deserve. Arguably, healthcare is part of that group.

Broadly speaking, the healthcare sector has been disappointing in 2023, with the market capitalization-weighted version of the S&P 500 Health Care Index lower by more than 4%. However, other perspectives on the sector are more encouraging, and that might be noteworthy to investors looking for reliability and steadiness in the back half of the year.

Launched on 11/01/2006, the Invesco S&P 500 Equal Weight Health Care ETF (RYH) is a passively managed exchange traded fund designed to provide a broad exposure to the Healthcare - Broad segment of the equity market.

Launched on 11/01/2006, the Invesco S&P 500 Equal Weight Health Care ETF (RYH) is a smart beta exchange traded fund offering broad exposure to the Health Care ETFs category of the market.

The healthcare sector can be rife with opportunities, but its vastness can be daunting. However, an easier way to get knee-deep in the sector without heavy research is the Invesco S&P 500 Equal Weight Health Care ETF (RYH).