XHE
State Street SPDR S&P Health Care Equipment ETF
📎 Investment Objective
The SPDR S&P Health Care Equipment ETF (XHE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Health Care Equipment Select Industry Index.
Overview
ETF tracking State Street SPDR S&P Health Care Equipment ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The SPDR S&P Health Care Equipment ETF (XHE) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Health Care Equipment Select Industry Index.
🎯 Investment Strategy
The fund employs a passive management approach, attempting to track the performance of the underlying index by investing in a representative sample of the securities included in the index. The index includes companies in the health care equipment and supplies industry.
✨ Key Features
- Provides exposure to the health care equipment and supplies industry
- Passively managed to track the S&P Health Care Equipment Select Industry Index
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single industry
- Tracking error risk as the fund may not perfectly replicate the index performance
- Market risk as the value of the fund's holdings may decline due to general market conditions
- Lack of performance history to evaluate long-term returns
👤 Best For
This ETF may be suitable for investors seeking exposure to the health care equipment and supplies industry as part of a diversified portfolio. It may be of particular interest to investors with a long-term investment horizon who are comfortable with the risks associated with a sector-specific fund.