What is a healthcare ETF?

A healthcare ETF is an exchange-traded fund that invests in a diversified portfolio of healthcare companies, such as pharmaceutical, biotechnology, medical device and healthcare service providers.

How did healthcare ETFs perform in 2023?

Government-mandated drug price caps caused a significant price drop in biopharma stocks early in 2023, whereas the medical devices industry led the healthcare sector with gains. See the best healthcare ETFs by performance, as well as details on the top-performing funds. What Is a Healthcare ETF?

What is the best health care select sector ETF?

The Health Care Select Sector SPDR Fund (XLV) is by far the most popular ETF for this sector, with over $24 billion in assets. The fund seeks to track the Health Care Select Sector Index, providing broad exposure to U.S. health care. This ETF has 63 holdings and an expense ratio of 0.13%.

Which healthcare exchange-traded funds have the best one-year trailing total returns?

The healthcare sector outperformed the broader market over the past year. The healthcare exchange-traded funds (ETFs) with the best one-year trailing total returns are IHF, PPH, and XLV. The top holdings of these ETFs are UnitedHealth Group Inc. for the first and third fund, and Mckesson Corporation for the second fund.