Medical Equipment
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
ABT Abbott Laboratories | Healthcare | 15% |
BDX Becton, Dickinson and Company | Healthcare | 10% |
BSX Boston Scientific Corporation | Healthcare | 5% |
ISRG Intuitive Surgical, Inc. | Healthcare | 15% |
JNJ Johnson & Johnson | Healthcare | 20% |
MDT Medtronic plc | Healthcare | 20% |
SYK Stryker Corporation | Healthcare | 10% |
ZBH Zimmer Biomet Holdings, Inc. | Healthcare | 5% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Medical Equipment, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Jul 25, 2001, corresponding to the inception date of ZBH
Returns By Period
As of Oct 30, 2024, the Medical Equipment returned 14.93% Year-To-Date and 12.46% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 22.29% | 1.65% | 15.83% | 39.98% | 13.99% | 11.23% |
| Medical Equipment | 14.93% | 1.13% | 13.42% | 32.41% | 8.68% | 12.46% |
| Portfolio components: | ||||||
JNJ Johnson & Johnson | 4.53% | -0.81% | 12.46% | 12.33% | 6.85% | 6.95% |
MDT Medtronic plc | 12.41% | 1.12% | 14.46% | 33.46% | -0.98% | 5.40% |
ABT Abbott Laboratories | 5.09% | 1.34% | 8.09% | 24.37% | 8.18% | 12.18% |
ISRG Intuitive Surgical, Inc. | 53.04% | 7.75% | 39.31% | 99.74% | 22.96% | 25.15% |
SYK Stryker Corporation | 20.71% | -0.13% | 7.18% | 38.03% | 11.93% | 16.58% |
BDX Becton, Dickinson and Company | -1.41% | -1.66% | 2.06% | -3.87% | 0.41% | 8.17% |
BSX Boston Scientific Corporation | 46.27% | 1.45% | 17.66% | 68.95% | 15.24% | 20.39% |
ZBH Zimmer Biomet Holdings, Inc. | -14.10% | -3.80% | -13.25% | 1.29% | -4.26% | 0.42% |
Monthly Returns
The table below presents the monthly returns of Medical Equipment, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.47% | 1.01% | 1.87% | -6.63% | 1.55% | 1.36% | 2.24% | 7.60% | -0.08% | 14.93% | |||
| 2023 | -0.60% | -3.81% | 3.44% | 9.57% | -5.59% | 8.59% | -0.83% | -4.12% | -4.64% | -5.60% | 9.01% | 4.29% | 8.12% |
| 2022 | -5.08% | 0.63% | 3.34% | -6.47% | -0.95% | -7.68% | 4.03% | -5.31% | -5.02% | 10.98% | 2.96% | 0.84% | -8.99% |
| 2021 | -0.15% | 0.61% | 1.20% | 6.83% | -1.60% | 0.70% | 5.31% | 1.82% | -5.33% | 1.79% | -7.38% | 7.99% | 11.21% |
| 2020 | -0.19% | -10.11% | -6.54% | 11.48% | 3.15% | -4.88% | 10.05% | 5.02% | -2.03% | -4.61% | 7.84% | 6.28% | 13.52% |
| 2019 | 4.74% | 4.31% | 2.34% | -3.03% | -3.20% | 8.53% | 1.14% | 1.31% | 0.40% | 1.15% | 2.87% | 3.10% | 25.71% |
| 2018 | 8.08% | -4.60% | -1.25% | 2.14% | 2.08% | 1.59% | 6.05% | 4.67% | 4.09% | -6.74% | 6.36% | -8.46% | 13.15% |
| 2017 | 6.12% | 5.88% | 1.38% | 2.40% | 4.07% | 3.53% | -0.16% | 0.31% | 0.84% | 5.20% | 2.62% | -2.17% | 34.07% |
| 2016 | -2.66% | 1.57% | 4.35% | 3.52% | 2.06% | 4.77% | 4.64% | -2.28% | 0.99% | -5.55% | -4.54% | 1.10% | 7.49% |
| 2015 | -1.96% | 5.60% | -0.55% | -1.85% | 2.02% | -1.22% | 4.91% | -6.18% | -6.22% | 8.79% | 1.77% | 1.72% | 5.86% |
| 2014 | 0.16% | 5.37% | 1.91% | -3.63% | 3.51% | 3.38% | -0.14% | 2.41% | -1.34% | 7.54% | 4.35% | -0.18% | 25.37% |
| 2013 | 11.97% | -1.20% | 3.98% | 1.46% | 3.60% | -0.24% | 3.47% | -5.78% | 1.71% | 6.15% | 2.04% | 0.45% | 30.14% |
Expense Ratio
Medical Equipment has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Medical Equipment is 27, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
JNJ Johnson & Johnson | 0.89 | 1.38 | 1.17 | 0.76 | 2.68 |
MDT Medtronic plc | 1.92 | 2.67 | 1.34 | 0.77 | 7.21 |
ABT Abbott Laboratories | 1.40 | 1.99 | 1.25 | 0.77 | 3.09 |
ISRG Intuitive Surgical, Inc. | 3.64 | 5.36 | 1.67 | 3.40 | 37.97 |
SYK Stryker Corporation | 2.05 | 2.86 | 1.37 | 2.80 | 8.92 |
BDX Becton, Dickinson and Company | -0.21 | -0.15 | 0.98 | -0.20 | -0.52 |
BSX Boston Scientific Corporation | 4.19 | 5.53 | 1.76 | 8.36 | 45.07 |
ZBH Zimmer Biomet Holdings, Inc. | 0.07 | 0.24 | 1.03 | 0.04 | 0.12 |
Dividends
Dividend yield
Medical Equipment provided a 1.81% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medical Equipment | 1.81% | 1.84% | 1.74% | 1.43% | 1.35% | 1.36% | 1.52% | 1.49% | 1.76% | 1.63% | 1.48% | 1.54% |
| Portfolio components: | ||||||||||||
JNJ Johnson & Johnson | 3.04% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% | 2.64% | 2.83% |
MDT Medtronic plc | 3.08% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% | 1.66% | 1.92% |
ABT Abbott Laboratories | 1.94% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% | 1.95% | 1.46% |
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYK Stryker Corporation | 0.89% | 1.02% | 1.16% | 0.97% | 0.96% | 1.02% | 1.23% | 1.13% | 1.31% | 1.52% | 1.34% | 1.46% |
BDX Becton, Dickinson and Company | 1.60% | 1.51% | 1.38% | 1.34% | 1.28% | 1.14% | 1.34% | 1.37% | 1.64% | 1.60% | 1.60% | 1.84% |
BSX Boston Scientific Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZBH Zimmer Biomet Holdings, Inc. | 0.92% | 0.79% | 0.75% | 0.76% | 0.62% | 0.64% | 0.93% | 0.80% | 0.93% | 0.86% | 0.78% | 0.86% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Medical Equipment. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Medical Equipment was 45.82%, occurring on Mar 9, 2009. Recovery took 539 trading sessions.
The current Medical Equipment drawdown is 2.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -45.82% | Aug 25, 2008 | 135 | Mar 9, 2009 | 539 | Apr 27, 2011 | 674 |
| -34.94% | Jan 23, 2020 | 42 | Mar 23, 2020 | 110 | Aug 27, 2020 | 152 |
| -30.99% | Apr 17, 2002 | 68 | Jul 23, 2002 | 211 | May 23, 2003 | 279 |
| -24.92% | Sep 9, 2021 | 268 | Sep 30, 2022 | 348 | Feb 21, 2024 | 616 |
| -16.85% | May 19, 2011 | 58 | Aug 10, 2011 | 115 | Jan 25, 2012 | 173 |
Volatility
Volatility Chart
The current Medical Equipment volatility is 4.22%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| ISRG | JNJ | BSX | ABT | BDX | ZBH | MDT | SYK | |
|---|---|---|---|---|---|---|---|---|
| ISRG | 1.00 | 0.29 | 0.38 | 0.39 | 0.36 | 0.40 | 0.39 | 0.45 |
| JNJ | 0.29 | 1.00 | 0.35 | 0.50 | 0.45 | 0.39 | 0.45 | 0.45 |
| BSX | 0.38 | 0.35 | 1.00 | 0.41 | 0.43 | 0.47 | 0.50 | 0.50 |
| ABT | 0.39 | 0.50 | 0.41 | 1.00 | 0.50 | 0.43 | 0.48 | 0.49 |
| BDX | 0.36 | 0.45 | 0.43 | 0.50 | 1.00 | 0.46 | 0.49 | 0.52 |
| ZBH | 0.40 | 0.39 | 0.47 | 0.43 | 0.46 | 1.00 | 0.53 | 0.63 |
| MDT | 0.39 | 0.45 | 0.50 | 0.48 | 0.49 | 0.53 | 1.00 | 0.58 |
| SYK | 0.45 | 0.45 | 0.50 | 0.49 | 0.52 | 0.63 | 0.58 | 1.00 |