XHE vs. LGHT ETF Comparison
Comparison of SPDR S&P Health Care Equipment (XHE) to Langar Global HealthTech ETF (LGHT)
XHE
SPDR S&P Health Care Equipment
XHE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care equipment industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$90.38
Average Daily Volume
8,927
62
LGHT
Langar Global HealthTech ETF
LGHT Description
LGHT targets the global healthcare technology industry. The fund actively invests in HealthTech companies, which the adviser defines as firms that develop technology designed to create healthcare efficiency by addressing key pain points for patients, providers, payors, and hospitals, including those companies that derive a majority of their revenue from HealthTech products and services. The portfolio construction starts by identifying companies that fit into the advisers HealthTech definition. The remaining companies are screened using a proprietary metric that assesses each firms financial health, involvement in relevant controversies, as well as the strength of its team and culture. Each company is then assigned an industry risk score through an algorithm that defines quantitative and qualitative risk categories and weights them accordingly. Finally, each company is reviewed by an investment committee. However, the portfolio manager still has full discretion over the final selection.Grade (RS Rating)
Last Trade
$10.35
Average Daily Volume
915
31
Performance
| Period | XHE | LGHT |
|---|---|---|
| 30 Days | 3.37% | -1.96% |
| 60 Days | -0.22% | -2.17% |
| 90 Days | 1.76% | -1.81% |
| 12 Months | 21.14% |
12 Overlapping Holdings
| Symbol | Grade | Weight in XHE | Weight in LGHT | Overlap | |
|---|---|---|---|---|---|
| ALGN | D | 1.56% | 2.85% | 1.56% | |
| DXCM | C | 1.84% | 5.51% | 1.84% | |
| GEHC | D | 1.69% | 8.56% | 1.69% | |
| IRTC | C | 1.96% | 0.44% | 0.44% | |
| ISRG | A | 1.89% | 15.39% | 1.89% | |
| MASI | B | 2.47% | 2.46% | 2.46% | |
| OMCL | C | 1.95% | 0.42% | 0.42% | |
| PODD | C | 2.03% | 5.26% | 2.03% | |
| PRCT | B | 2.03% | 1.27% | 1.27% | |
| RMD | C | 1.71% | 6.71% | 1.71% | |
| TNDM | D | 1.22% | 0.54% | 0.54% | |
| ZBH | C | 1.79% | 3.57% | 1.79% |
XHE Overweight 50 Positions Relative to LGHT
| Symbol | Grade | Weight | |
|---|---|---|---|
| ATEC | C | 2.53% | |
| IART | C | 2.46% | |
| ATRC | C | 2.24% | |
| PEN | B | 2.19% | |
| HAE | C | 2.12% | |
| GMED | A | 2.07% | |
| GKOS | B | 1.96% | |
| NARI | C | 1.9% | |
| LIVN | F | 1.89% | |
| MMSI | A | 1.88% | |
| ENOV | C | 1.87% | |
| UFPT | C | 1.87% | |
| ITGR | B | 1.86% | |
| BSX | A | 1.84% | |
| NVST | B | 1.83% | |
| SYK | B | 1.8% | |
| AXNX | A | 1.77% | |
| SOLV | D | 1.74% | |
| ABT | B | 1.72% | |
| LMAT | A | 1.71% | |
| CNMD | C | 1.71% | |
| BDX | F | 1.71% | |
| ICUI | D | 1.71% | |
| MDT | D | 1.69% | |
| HOLX | D | 1.69% | |
| EW | C | 1.66% | |
| NEOG | F | 1.65% | |
| NVCR | C | 1.65% | |
| INSP | D | 1.61% | |
| STE | D | 1.57% | |
| STAA | F | 1.55% | |
| BAX | F | 1.47% | |
| IDXX | F | 1.47% | |
| RXST | F | 1.43% | |
| LNTH | D | 1.4% | |
| TFX | F | 1.37% | |
| SRDX | B | 1.21% | |
| XRAY | F | 1.17% | |
| TMDX | F | 1.05% | |
| VREX | B | 1.01% | |
| AORT | B | 0.89% | |
| OFIX | C | 0.67% | |
| SIBN | F | 0.66% | |
| EMBC | C | 0.61% | |
| ZIMV | D | 0.57% | |
| AVNS | F | 0.48% | |
| KIDS | D | 0.46% | |
| OSUR | F | 0.43% | |
| TCMD | B | 0.4% | |
| AXGN | C | 0.39% |
XHE Underweight 19 Positions Relative to LGHT
XHE: Top Represented Industries & Keywords
LGHT: Top Represented Industries & Keywords
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