About XHE ETF
STATE STREET HEALTHCARE EQUIPMENT ETF (XHE) provides equal-weight exposure to US companies in the health care equipment & supplies business. XHE's holdings are across all sizes, its weighted average market cap is only a small percentage of the market, giving it a significant small-cap tilt. XHE provides an alternative play for health care investors aiming to avoid big pharma and service providers that dominate the broader industry. The top 10 holdings account for about 17.55% of total assets under management.
Is SPDR S&P Health Care Equipment ETF (XHE) a Hot ETF Right Now?
This Healthcare ETF Continues Beating Higher
About the Fund Manager:
State Street was incorporated in 1792, has four decades of experience meeting complex client needs and is the third largest asset manager in the world managing $2.73T. It is the 2nd United States bank on the list of oldest banks in continuous operation. State Street is ranked 14th on the list of largest banks in the United States by assets.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. The fund's expense ratio is among the lowest in the segment and its AUM of $239.2M is the largest among health care ETFs. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.