Health Care Equipment
Health Care Equipment is losing market weight. Lost weight for 2 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 77% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Dec 2020 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| Edwards Lifesciences → EW | Health Care Equipment | United States | 0.230% | +0.151 pp | +17.3% | 0.0 |
| Medtronic → MDT | Health Care Equipment | United States | 0.638% | -0.108 pp | +5.7% | 0.0 |
| Boston Scientific → BSX | Health Care Equipment | United States | 0.208% | -0.101 pp | -20.5% | 0.0 |
| Idexx Laboratories → IDXX | Health Care Equipment | United States | 0.173% | +0.063 pp | +91.4% | 0.0 |
| Becton Dickinson → BDX | Health Care Equipment | United States | 0.225% | -0.052 pp | -6.8% | 0.0 |
| Baxter International → BAX | Health Care Equipment | United States | 0.166% | -0.044 pp | -3.0% | 0.0 |
| Dexcom → DXCM | Health Care Equipment | United States | 0.036% | +0.036 pp | +69.0% | 0.0 |
| Abbott Laboratories → ABT | Health Care Equipment | United States | 0.785% | +0.032 pp | +28.0% | 0.0 |
| Zimmer Biomet → ZBH | Health Care Equipment | United States | 0.126% | -0.021 pp | +3.8% | 0.0 |
| Intuitive Surgical → ISRG | Health Care Equipment | United States | 0.130% | +0.018 pp | +38.4% | 0.0 |
| ResMed| → RMD | Health Care Equipment | United States | 0.125% | +0.015 pp | +38.3% | 0.0 |
| Stryker Corporation → SYK | Health Care Equipment | United States | 0.373% | -0.013 pp | +18.2% | 0.0 |
| Revvity → RVTY | Health Care Equipment | United States | 0.065% | +0.012 pp | +48.2% | 0.0 |
| Steris → STE | Health Care Equipment | United States | 0.065% | +0.002 pp | +25.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Dec 2020 | 3.345% | -0.012 pp | +3.341 pp | +3.341 pp | -0.009 pp | -1.8% |
| Nov 2020 | 3.357% | -0.127 pp | +3.353 pp | +3.353 pp | +0.056 pp | -2.6% |
| Oct 2020 | 3.484% | +3.480 pp | +3.481 pp | -0.101 pp | +0.118 pp | +0.5% |
| Sep 2020 | 0.004% | -0.000 pp | +0.000 pp | +0.001 pp | -3.416 pp | -0.9% |
| Aug 2020 | 0.004% | +0.000 pp | +0.000 pp | +0.001 pp | -3.542 pp | -5.1% |
| Jul 2020 | 0.004% | +0.000 pp | -3.582 pp | -3.373 pp | -3.388 pp | +0.9% |
| Jun 2020 | 0.003% | -0.000 pp | +0.001 pp | -3.351 pp | -3.327 pp | +0.1% |
| May 2020 | 0.004% | -3.582 pp | +0.001 pp | -3.298 pp | -3.292 pp | +9.8% |
| Apr 2020 | 3.585% | +3.582 pp | +0.209 pp | +0.219 pp | +0.400 pp | +17.6% |
| Mar 2020 | 0.003% | +0.000 pp | -3.351 pp | -3.417 pp | -3.374 pp | +8.4% |
| Feb 2020 | 0.003% | -3.374 pp | -3.299 pp | -3.543 pp | -3.324 pp | +2.0% |
| Jan 2020 | 3.376% | +0.022 pp | +0.010 pp | -0.015 pp | +1.557 pp | +6.6% |
| Dec 2019 | 3.354% | +0.053 pp | -0.066 pp | +0.024 pp | +1.464 pp | +1.4% |
| Nov 2019 | 3.301% | -0.065 pp | -0.245 pp | +0.005 pp | +1.424 pp | +3.3% |
| Oct 2019 | 3.366% | -0.054 pp | -0.025 pp | +0.181 pp | +1.572 pp | +9.7% |
| Sep 2019 | 3.420% | -0.126 pp | +0.089 pp | +0.044 pp | +1.557 pp | +9.9% |
| Aug 2019 | 3.546% | +0.154 pp | +0.250 pp | +0.219 pp | +1.747 pp | +18.5% |
| Jul 2019 | 3.391% | +0.061 pp | +0.206 pp | +1.573 pp | +0.279 pp | +17.5% |
| Jun 2019 | 3.331% | +0.035 pp | -0.046 pp | +1.441 pp | +0.227 pp | +15.4% |
| May 2019 | 3.296% | +0.110 pp | -0.031 pp | +1.418 pp | +0.231 pp | +14.8% |
| Apr 2019 | 3.186% | -0.191 pp | +1.367 pp | +1.391 pp | +0.207 pp | +13.0% |
| Mar 2019 | 3.376% | +0.050 pp | +1.487 pp | +1.513 pp | +0.453 pp | +21.9% |
| Feb 2019 | 3.326% | +1.508 pp | +1.449 pp | +1.528 pp | +0.448 pp | +21.7% |
| Jan 2019 | 1.819% | -0.071 pp | +0.024 pp | -1.294 pp | -1.008 pp | +19.6% |
| Dec 2018 | 1.890% | +0.012 pp | +0.027 pp | -1.214 pp | -0.937 pp | +23.7% |
| Nov 2018 | 1.878% | +0.083 pp | +0.079 pp | -1.188 pp | -0.950 pp | +22.5% |
| Oct 2018 | 1.795% | -0.069 pp | -1.318 pp | -1.184 pp | -1.033 pp | +16.4% |
| Sep 2018 | 1.863% | +0.064 pp | -1.241 pp | -1.060 pp | -0.964 pp | +18.9% |
| Aug 2018 | 1.799% | -1.314 pp | -1.266 pp | -1.079 pp | -1.028 pp | +13.9% |
| Jul 2018 | 3.113% | +0.009 pp | +0.134 pp | +0.285 pp | +0.285 pp | +9.8% |
| Jun 2018 | 3.104% | +0.039 pp | +0.181 pp | +0.277 pp | +0.277 pp | +8.3% |
| May 2018 | 3.065% | +0.087 pp | +0.187 pp | +0.238 pp | +0.238 pp | +6.2% |
| Apr 2018 | 2.978% | +0.055 pp | +0.151 pp | +0.151 pp | +0.151 pp | +2.4% |
| Mar 2018 | 2.923% | +0.045 pp | +0.096 pp | +0.096 pp | +0.096 pp | +0.9% |
| Feb 2018 | 2.878% | +0.051 pp | +0.051 pp | +0.051 pp | +0.051 pp | +0.0% |
| Jan 2018 | 2.827% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.