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home / news releases / XLV - IHI: Overvaluation Offsets Bullish Health Care Fundamentals For Medical Devices ETF

XLV - IHI: Overvaluation Offsets Bullish Health Care Fundamentals For Medical Devices ETF

SPDR Select Sector Fund - Health Care

iShares US Medical Devices ETF (IHI) crumbled alongside broader markets on an escalating global Covid-19 contagion, with a roughly -10% year-to-date performance which is mostly inline with S&P 500 (SPY) and health care sector (XLV). On a longer-term basis, IHI has been a stellar outperformer, particularly since 2017 when IHI took off and has been ahead of the pack:

Source: WingCapital Investments

Rich Valuations & Slowing Earnings Growth: 2 Headwinds Facing IHI

Ever-increasing demand for new technologies and products due to aging populations in developed countries as well as

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Stock Information
Company Name: SPDR Select Sector Fund - Health Care
Stock Symbol: XLV
Market: NYSE
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