Invesco Equal Weight Health Care ETF Amasses $770M, Achieves 8.9% Yearly Gain
Invesco's Equal Weight Health Care ETF holds $770 million in assets, charges a 0.40% expense ratio and yields a 0.68% trailing dividend. The fund has returned 8.87% over the past year, trades between $26.81 and $33.26 this 52-week period and carries a 0.84 beta with full health care exposure.
1. Fund Overview
Invesco launched the S&P 500 Equal Weight Health Care ETF on November 1, 2006. The fund manages $770 million in assets, maintains an annualized 0.40% expense ratio and delivers a 0.68% trailing twelve-month dividend yield.
2. Performance and Risk
The ETF has generated an 8.87% return over the past year and a 3.08% gain year-to-date. Its share price has fluctuated between $26.81 and $33.26 in the past 52 weeks, with a beta of 0.84 and a 14.70% standard deviation.
3. Portfolio Composition
With equal-weight methodology across the S&P 500 health care sector, the ETF allocates 100% of its portfolio to health care. Its top 10 holdings account for 20.02% of assets, led by Moderna at 2.35%, followed by Viatris and Gilead Sciences.
4. Alternatives and Comparisons
Investors seeking lower-cost exposure can consider larger cap-weighted health care ETFs such as Vanguard Health Care ETF with $17.48 billion AUM and a 0.09% expense ratio or Health Care Select Sector SPDR ETF with $41.74 billion AUM at a 0.08% expense ratio.