State Street SPDR S&P Health Care Equipment ETF
$91.24−1.65 (−1.78%)
- Expense ratio
- 0.35%
- Fund size
- $192M
- 1Y return
- +15.2%
- Yield · Last 12 months
- 0.02%
- Holdings
- 73
- Volume · 30D
- 0M sh
- NAV per share
- $91.33
- 52W range
The ETF.net XHE Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 81Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 26Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 92Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on XHE
BHealth care minus the pharma giants. XHE holds a focused basket of US medical device and supply makers at near-equal weight, so a small stent company gets roughly the same shelf space as an industry titan.
The fund seeks to match, before fees and expenses, the total return performance of the S&P Health Care Equipment Select Industry Index and provide exposure to the health care equipment segment of the S&P TMI.
Why people hold it
- Modified equal weighting, reset on a quarterly schedule, keeps any one giant from dominating the basket. Small and mid-cap device names carry real weight here.ssga.comspglobal.com
- 0.35% a year, below the median for health care ETFs in its peer group. Unusual for a slice this narrow, where issuers often charge up.
- A true pure play: equipment and supplies drawn from the S&P Total Market Index. No pharma, no insurers, no hospital chains diluting the theme.ssga.com
- Launched in 2011 by State Street, so this one has traded through more than a decade of device-sector cycles rather than arriving with the latest theme.
Worth knowing
- Broad health care ETFs like VHT, FHLC and XLV charge a fraction of this. The targeted device basket is what the extra costs buy.
- Thinly traded next to the big sector funds, so spreads can widen when markets move fast.
- One sub-industry, tilted toward smaller companies, and SSGA notes the fund can become non-diversified purely from index weight shifts.ssga.com
XHE Holdings
- Stocks
- 73
- 18%
- BBNX
Sectors
- Health Care97.5%
- Financials2.5%
Geography
- United States95.14%
- Ireland1.78%
- Switzerland1.55%
- United Kingdom1.53%
XHE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XHE$11,516
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XHE |
|---|---|
| Year to date | +5.1% |
| 1 month | −4.1% |
| 3 months | +15.4% |
| 1 year | +15.2% |
| 3 years | +6.1% |
| 5 years | −6.5% |
| 10 years | +6.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XHE |
|---|---|---|
| 2026 YTD | +5.1% | |
| 2025 | −0.2% | |
| 2024 | +5.1% | |
| 2023 | −6.2% | |
| 2022 | −23.3% | |
| 2021 | +3.0% | |
| 2020 | +32.9% |
XHE in the news
XHE Dividends
- 0.02%
- $0.02
- $0.02 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 22, 2025 | Dec 24, 2025 | $0.02 |
| Sep 22, 2025 | Sep 24, 2025 | $0.03 |
| Jun 23, 2025 | Jun 25, 2025 | $0.02 |
| Dec 23, 2024 | Dec 26, 2024 | $0.03 |
| Sep 23, 2024 | Sep 25, 2024 | $0.007 |
| Dec 18, 2023 | Dec 21, 2023 | $0.03 |
| Dec 19, 2022 | Dec 22, 2022 | $0.0066 |
| Sep 19, 2022 | Sep 22, 2022 | $0.01 |
| Jun 21, 2022 | Jun 24, 2022 | Data unavailable |
| Mar 21, 2022 | Mar 24, 2022 | $0.01 |
| Dec 20, 2021 | Dec 23, 2021 | $0.0019 |
| Dec 23, 2019 | Dec 27, 2019 | $0.0032 |
XHE Risk
- 21.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −49.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XHE Cost
0.35%
XHE0.35%
- The middle half of Health Care (Broad) funds
- Median 0.50%
4 of the 25 Health Care (Broad) funds charge less.