SMDX vs XHE
Comparison between INTECH S&P SMALL-MID CAP DIVERSIFIED ALPHA ETF (SMDX, ETF) and STATE STREET(R) SPDR(R) S&P(R) HEALTH CARE EQUIPMENT ETF (XHE, ETF).
SMDX vs XHE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SMDX
$127M
Winner
XHE
$127M
Expense Ratio
SMDX
0.35%
XHE
0.35%
Max Drawdown
Winner
SMDX
14.52%
XHE
49.94%
Sharpe Ratio
Winner
SMDX
1.42
XHE
-0.12
5Y Beta
SMDX
0.95
Winner
XHE
0.87
P/E Ratio
SMDX
22.55
Winner
XHE
-20.06
Forward P/E
Winner
SMDX
15.06
XHE
15.40
5Y Dividends CAGR
SMDX
N/A
XHE
100.29%
5Y EPS CAGR
Winner
SMDX
16.24%
XHE
7.52%
Debt to Equity
SMDX
51.08%
Winner
XHE
-74.96%
P/S Ratio
Winner
SMDX
1.35
XHE
1.95
P/B Ratio
Winner
SMDX
2.49
XHE
2.52
SMDX vs XHE - Holdings Comparison
SMDX and XHE have 25 common holdings. Overlap is 2.54%
SMDX's top 25 holdings weight is 20.28%. XHE's top 25 holdings weight is 49.16%.
| Rank | SMDX | XHE |
|---|---|---|
| #1 | JONES LANG LASALLE INC (JLL) - 1.22% | STAAR SURGICAL CO (STAA) - 2.87% |
| #2 | EAST WEST BANCORP INC (EWBC) - 1.18% | NOVOCURE LTD (NVCR) - 2.23% |
| #3 | LAMAR ADVERTISING CO CLASS A (LAMR) - 1.01% | AXOGEN INC (AXGN) - 2.18% |
| #4 | XPO INC (XPO) - 0.96% | AVANOS MEDICAL INC (AVNS) - 2.16% |
| #5 | TENET HEALTHCARE CORP (THC) - 0.95% | INTEGRA LIFESCIENCES HOLDINGS CORP (IART) - 2.14% |
| #6 | US FOODS HOLDING CORP (USFD) - 0.92% | n/a (BFLY) - 2.13% |
| #7 | EVERPURE INC CLASS A (P) - 0.91% | LIVANOVA PLC (LIVN) - 2.09% |
| #8 | AECOM (ACM) - 0.89% | LANTHEUS HOLDINGS INC (LNTH) - 2.08% |
| #9 | UNITED THERAPEUTICS CORP (UTHR) - 0.86% | SOLVENTUM CORP (SOLV) - 2.01% |
| #10 | ORMAT TECHNOLOGIES INC (ORA) - 0.85% | OMNICELL INC (OMCL) - 1.99% |
| #11 | EXELIXIS INC (EXEL) - 0.82% | TELEFLEX INC (TFX) - 1.99% |
| #12 | BRADY CORP CLASS A (BRC) - 0.80% | DEXCOM INC (DXCM) - 1.97% |
| #13 | UNIVERSAL DISPLAY CORP (OLED) - 0.77% | HAEMONETICS CORP (HAE) - 1.95% |
| #14 | ACUITY INC (AYI) - 0.76% | GLAUKOS CORP (GKOS) - 1.91% |
| #15 | MEDPACE HOLDINGS INC (MEDP) - 0.72% | INTEGER HOLDINGS CORP (ITGR) - 1.88% |
| #16 | NVENT ELECTRIC PLC (NVT) - 0.71% | UFP TECHNOLOGIES INC (UFPT) - 1.84% |
| #17 | COMMERCIAL METALS CO (CMC) - 0.71% | BAXTER INTERNATIONAL INC (BAX) - 1.84% |
| #18 | VALLEY NATIONAL BANCORP (VLY) - 0.70% | EDWARDS LIFESCIENCES CORP (EW) - 1.84% |
| #19 | WOODWARD INC (WWD) - 0.68% | MASIMO CORP (MASI) - 1.82% |
| #20 | OMEGA HEALTHCARE INVESTORS INC (OHI) - 0.68% | ICU MEDICAL INC (ICUI) - 1.74% |
| #21 | GRANITE CONSTRUCTION INC (GVA) - 0.66% | PROCEPT BIOROBOTICS CORP (PRCT) - 1.72% |
| #22 | ENCOMPASS HEALTH CORP (EHC) - 0.64% | STRIVE INC CLASS A (ASST) - 1.71% |
| #23 | EPR PROPERTIES (EPR) - 0.64% | ALIGN TECHNOLOGY INC (ALGN) - 1.69% |
| #24 | SANMINA CORP (SANM) - 0.63% | STERIS PLC (STE) - 1.69% |
| #25 | RYDER SYSTEM INC (R) - 0.61% | PENUMBRA INC (PEN) - 1.69% |
| Total Holdings | 559 | 69 |
SMDX vs XHE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SMDX
+4.56%
XHE
+4.12%
3M
Winner
SMDX
+14.62%
XHE
+2.61%
6M
Winner
SMDX
+15.25%
XHE
-8.35%
1Y
Winner
SMDX
+30.95%
XHE
+0.70%
5Y(CAGR)
SMDX
N/A
XHE
-8.07%
10Y(CAGR)
SMDX
N/A
XHE
+6.00%
Max(CAGR)
Winner
SMDX
+25.01%
XHE
+8.88%
SMDX vs XHE - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | SMDX | XHE |
|---|---|---|
| 2026 | +15.26% | -6.43% |
| 2025 | +14.21% | -0.75% |
| 2024 | N/A | +6.09% |
| 2023 | N/A | -5.73% |
| 2022 | N/A | -24.77% |
| 2021 | N/A | +3.60% |
| 2020 | N/A | +32.76% |
| 2019 | N/A | +24.69% |
| 2018 | N/A | +7.34% |
| 2017 | N/A | +30.33% |
| 2016 | N/A | +15.86% |
| 2015 | N/A | +10.94% |
| 2014 | N/A | +17.45% |
| 2013 | N/A | +34.35% |
| 2012 | N/A | +12.28% |
| 2011 | N/A | -1.58% |
SMDX vs XHE Drawdown Comparison
The maximum drawdown for SMDX was -14.52%, occurring on Apr 7, 2025. Recovery took 50 trading sessions.
The maximum drawdown for XHE was -49.92%, occurring on Oct 30, 2023. This drawdown has not yet recovered.
The current XHE drawdown is -38.47%.
| Rank | SMDX | XHE |
|---|---|---|
| #1 | -14.52% Feb 28, 2025 - May 12, 2025 | -49.92% Sep 2, 2021 - Oct 30, 2023 |
| #2 | -8.66% Feb 6, 2026 - Apr 14, 2026 | -34.17% Feb 19, 2020 - Jul 2, 2020 |
| #3 | -6.74% Oct 27, 2025 - Nov 28, 2025 | -27.37% Sep 13, 2018 - Jan 22, 2020 |
| #4 | -5.15% Sep 11, 2025 - Oct 24, 2025 | -22.05% Jul 7, 2011 - May 1, 2012 |
| #5 | -4.44% May 6, 2026 - Jun 4, 2026 | -20.04% Jul 22, 2015 - Jun 7, 2016 |
| #6 | -3.79% Jul 25, 2025 - Aug 12, 2025 | -11.92% Sep 7, 2016 - Feb 9, 2017 |
| #7 | -3.74% May 16, 2025 - Jun 23, 2025 | -11.24% Feb 12, 2021 - Jun 24, 2021 |
| #8 | -3.16% Jul 10, 2025 - Jul 25, 2025 | -10.41% Oct 3, 2012 - Jan 25, 2013 |
| #9 | -2.52% Dec 11, 2025 - Jan 6, 2026 | -10.13% Jan 29, 2018 - Mar 9, 2018 |
| #10 | -2.21% Apr 20, 2026 - May 6, 2026 | -9.42% May 2, 2012 - Jun 29, 2012 |
| #11 | -1.76% Aug 13, 2025 - Aug 22, 2025 | -9.25% Mar 4, 2014 - Oct 29, 2014 |
| #12 | -1.69% Jan 15, 2026 - Jan 21, 2026 | -8.30% Jul 3, 2012 - Sep 6, 2012 |
| #13 | -1.56% Jan 21, 2026 - Feb 4, 2026 | -6.97% Aug 5, 2020 - Oct 7, 2020 |
| #14 | -1.42% Jun 4, 2026 - Jun 11, 2026 | -6.92% Jun 25, 2021 - Aug 31, 2021 |
| #15 | -1.08% Aug 27, 2025 - Sep 4, 2025 | -6.51% Jan 16, 2014 - Mar 4, 2014 |
Correlation
Correlation between SMDX and XHE is 0.08 which considered as a very weak or no correlation - the stocks move independently of each other.
0.08
-101
Dividend Comparison (2011 - 2025)
SMDX vs XHE dividend yield comparison.
| Year | SMDX | XHE |
|---|---|---|
| 2025 | 0.61% | 0.08% |
| 2024 | 0.00% | 0.04% |
| 2023 | 0.00% | 0.03% |
| 2022 | 0.00% | 0.04% |
| 2021 | 0.00% | 0.00% |
| 2019 | 0.00% | 0.05% |
| 2018 | 0.00% | 0.09% |
| 2017 | 0.00% | 0.78% |
| 2016 | 0.00% | 0.17% |
| 2015 | 0.00% | 7.22% |
| 2014 | 0.00% | 1.83% |
| 2013 | 0.00% | 0.19% |
| 2012 | 0.00% | 2.03% |
| 2011 | 0.00% | 0.45% |
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