Healthcare ETF Takes the Spotlight with Record High

ETF Trends reported that last Thursday, the Guggenheim S&P Equal Weight Healthcare ETF (ARCA:RYH) hit a new record high.

As quoted in the market news:

RYH has a 13.7% weight to biotech, making the industry the ETF’s fourth-largest sector weight. That compares with a 21.2% biotech weight for the Health Care Select Sector SPDR (NYSEArca: XLV) and a 21.8% biotech allocation for the Fist Trust Health Care AlphaDEX Fund (NYSEArca: FXH). Biotech is the second-largest industry weight in both XLV and FXH.

While RYH may appear light on biotech names relative to rival health care ETFs, the equal-weight offering bolsters exposure to health care equipment, providers and services names. The ETF’s weight to health care services providers is almost 26%, about 1,000 basis points above XLV’s weight to that group, and enough to give RYH healthy leverage to sector upside created by Obamacare.

Click here to read the full ETF Trends report.