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FHLC - IYH: How Another Smaller Equally-Weighted Competitor May Outperform
Fidelity MSCI Health Care Index
2024-05-08 13:25:20 ET
Summary
iShares U.S. Healthcare ETF is a hold due to high valuations, increased competition, and macroeconomic factors.
Invesco's S&P 500 Equal Weight Health Care ETF is an attractive alternative with a lower valuation and equal-weighted strategy.
IYH has underperformed its benchmark index and has negative dividend growth, while RSPH has been a strong performing healthcare ETF with the highest total price return over the past decade.