Health Care Equipment
Health Care Equipment is losing market weight. Gained weight for 2 consecutive months.
The loss is shared across much of the industry.
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 57% 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 2019 – Dec 2023 · 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 |
|---|---|---|---|---|---|---|
| Abbott Laboratories → ABT | Health Care Equipment | United States | 0.570% | -0.121 pp | +2.3% | 0.0 |
| GE HealthCare → GEHC | Health Care Equipment | United States | 0.105% | +0.105 pp | +32.6% | 0.0 |
| Medtronic → MDT | Health Care Equipment | United States | 0.327% | -0.046 pp | +9.6% | 0.0 |
| Insulet Corporation → PODD | Health Care Equipment | United States | 0.045% | +0.045 pp | -26.3% | 0.0 |
| Becton Dickinson → BDX | Health Care Equipment | United States | 0.166% | -0.038 pp | -2.7% | 0.0 |
| ResMed| → RMD | Health Care Equipment | United States | 0.075% | -0.035 pp | -16.5% | 0.0 |
| Baxter International → BAX | Health Care Equipment | United States | 0.058% | -0.034 pp | -21.9% | 0.0 |
| Edwards Lifesciences → EW | Health Care Equipment | United States | 0.138% | -0.029 pp | +2.2% | 0.0 |
| Revvity → RVTY | Health Care Equipment | United States | 0.040% | -0.024 pp | -21.9% | 0.0 |
| Zimmer Biomet → ZBH | Health Care Equipment | United States | 0.076% | -0.021 pp | -3.8% | 0.0 |
| Intuitive Surgical → ISRG | Health Care Equipment | United States | 0.354% | +0.016 pp | +27.1% | 0.0 |
| Idexx Laboratories → IDXX | Health Care Equipment | United States | 0.137% | +0.016 pp | +36.1% | 0.0 |
| Dexcom → DXCM | Health Care Equipment | United States | 0.143% | -0.015 pp | +9.6% | 0.0 |
| Boston Scientific → BSX | Health Care Equipment | United States | 0.253% | +0.013 pp | +24.9% | 0.0 |
| Stryker Corporation → SYK | Health Care Equipment | United States | 0.339% | +0.005 pp | +23.8% | 0.0 |
| Steris → STE | Health Care Equipment | United States | 0.065% | -0.002 pp | +20.2% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Dec 2023 | 2.892% | +0.056 pp | -0.018 pp | +0.562 pp | -0.164 pp | -11.4% |
| Nov 2023 | 2.836% | +0.044 pp | -0.118 pp | +0.537 pp | -0.044 pp | -8.8% |
| Oct 2023 | 2.792% | -0.118 pp | +0.635 pp | -0.551 pp | -0.108 pp | -14.0% |
| Sep 2023 | 2.910% | -0.044 pp | +0.580 pp | -0.227 pp | -0.031 pp | -8.5% |
| Aug 2023 | 2.954% | +0.797 pp | +0.655 pp | -0.082 pp | +0.092 pp | -3.7% |
| Jul 2023 | 2.157% | -0.173 pp | -1.186 pp | -0.783 pp | -0.758 pp | -1.3% |
| Jun 2023 | 2.330% | +0.031 pp | -0.807 pp | -0.726 pp | -0.722 pp | +2.2% |
| May 2023 | 2.299% | -1.044 pp | -0.737 pp | -0.581 pp | -0.813 pp | -1.2% |
| Apr 2023 | 3.343% | +0.206 pp | +0.402 pp | +0.443 pp | +0.175 pp | +2.4% |
| Mar 2023 | 3.137% | +0.101 pp | +0.082 pp | +0.196 pp | -0.117 pp | -4.9% |
| Feb 2023 | 3.036% | +0.095 pp | +0.156 pp | +0.174 pp | -0.279 pp | -6.1% |
| Jan 2023 | 2.940% | -0.115 pp | +0.040 pp | +0.026 pp | -0.231 pp | -1.8% |
| Dec 2022 | 3.056% | +0.176 pp | +0.114 pp | +0.004 pp | -0.272 pp | -1.1% |
| Nov 2022 | 2.880% | -0.020 pp | +0.018 pp | -0.232 pp | -0.339 pp | -0.8% |
| Oct 2022 | 2.900% | -0.042 pp | -0.015 pp | -0.267 pp | -0.540 pp | -2.3% |
| Sep 2022 | 2.942% | +0.080 pp | -0.110 pp | -0.313 pp | -0.145 pp | -7.2% |
| Aug 2022 | 2.862% | -0.053 pp | -0.250 pp | -0.453 pp | -0.225 pp | -10.7% |
| Jul 2022 | 2.915% | -0.137 pp | -0.252 pp | -0.257 pp | -0.326 pp | -9.7% |
| Jun 2022 | 3.052% | -0.060 pp | -0.203 pp | -0.275 pp | -0.105 pp | -3.6% |
| May 2022 | 3.112% | -0.055 pp | -0.203 pp | -0.107 pp | -0.025 pp | -1.8% |
| Apr 2022 | 3.167% | -0.087 pp | -0.004 pp | -0.273 pp | -0.072 pp | -3.7% |
| Mar 2022 | 3.255% | -0.060 pp | -0.073 pp | +0.167 pp | +1.617 pp | +0.1% |
| Feb 2022 | 3.315% | +0.143 pp | +0.096 pp | +0.227 pp | +1.649 pp | -1.5% |
| Jan 2022 | 3.172% | -0.156 pp | -0.268 pp | -0.069 pp | +1.200 pp | -6.7% |
| Dec 2021 | 3.327% | +0.108 pp | +0.240 pp | +0.170 pp | -0.018 pp | -2.0% |
| Nov 2021 | 3.219% | -0.221 pp | +0.131 pp | +0.082 pp | -0.138 pp | -6.7% |
| Oct 2021 | 3.440% | +0.353 pp | +0.199 pp | +0.201 pp | -0.044 pp | -5.2% |
| Sep 2021 | 3.087% | -0.000 pp | -0.070 pp | +1.449 pp | +3.083 pp | -4.0% |
| Aug 2021 | 3.088% | -0.153 pp | -0.050 pp | +1.421 pp | +3.084 pp | -2.6% |
| Jul 2021 | 3.241% | +0.084 pp | +0.001 pp | +1.269 pp | +3.237 pp | -4.0% |
| Jun 2021 | 3.157% | +0.020 pp | +1.520 pp | -0.188 pp | +3.154 pp | -4.6% |
| May 2021 | 3.137% | -0.102 pp | +1.471 pp | -0.220 pp | +3.134 pp | -11.7% |
| Apr 2021 | 3.240% | +1.602 pp | +1.267 pp | -0.245 pp | -0.346 pp | -10.1% |
| Mar 2021 | 1.638% | -0.028 pp | -1.707 pp | +1.634 pp | +1.635 pp | -10.4% |
| Feb 2021 | 1.666% | -0.306 pp | -1.691 pp | +1.662 pp | +1.664 pp | -1.7% |
| Jan 2021 | 1.972% | -1.373 pp | -1.512 pp | +1.969 pp | -1.404 pp | -3.3% |
| 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% |
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.