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HomeSectorsHealthcare
Sector AnalysisETF: XLVUpdated Jul 8, 2026

Healthcare Sector Stocks: Performance, Valuations & Industry Comps

Driven by GLP-1 growth leaders like Eli Lilly, healthcare trades at a 19x Forward P/E. This dashboard tracks valuation trends, equal-weight performance, and sector component data across all 900+ pharmaceutical, biotech, and medical device stocks.

Sector Market Cap

$6.2T

Tracks 1129 stocks · top 50 by market cap

Median YTD Return

+2.1%

Screener universe · median stock return

Median P/E

26.7x

Screener stocks · excludes outliers

Median Dividend Yield

2.03%

Screener stocks · excludes zeros

Explore Screener
Review ValuationsFull Screener →
VCP Scanner Editorial Team
Research ByVCP Scanner Editorial Team
Jump ToPerformanceScreenerValuationIndustriesOutlookKey MetricsEarningsLearnFAQ
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Sector Screener

Rank the Healthcare with daily updated market and fundamental data

Scan the sector leaders, compare valuations and fundamentals, then open the full screener to refine your criteria.

Quick screens:Large Cap Healthcare→Profitable Healthcare→Dividend Healthcare→Growth Healthcare→
Filter by:
Compare Top 3 Open Screener
TickerCompanyPriceMkt CapP/EROEDiv Yield
LLY logoLLY
Eli Lilly and Company$1235.56$1.17T53.8101.2%0.5%
JNJ logoJNJ
Johnson & Johnson$267.24$643.31B24.235%1.9%
ABBV logoABBV
AbbVie Inc.$254.65$449.91B107.46214.7%2.6%
UNH logoUNH
UnitedHealth Group Incorporated$428.19$388.86B32.411.8%2%
MRK logoMRK
Merck & Co., Inc.$128.86$318.26B17.736.9%2.5%
NVS logoNVS
Novartis AG$157.03$299.63B21.831%2.6%
AZN logoAZN
AstraZeneca PLC$193.12$299.39B29.522.9%1.7%
NVO logoNVO
Novo Nordisk A/S$49.64$220.59B14.160.7%3.6%
AMGN logoAMGN
Amgen Inc.$368.10$198.66B25.9106.1%2.6%
TMO logoTMO
Thermo Fisher Scientific Inc.$516.62$191.99B29.113.1%0.3%
GILD logoGILD
Gilead Sciences, Inc.$136.36$169.3B20.140.7%2.3%
ABT logoABT
Abbott Laboratories$95.84$166.94B25.813%2.5%
ISRG logoISRG
Intuitive Surgical, Inc.$427.30$151.33B54.316.6%—
DHR logoDHR
Danaher Corporation$194.19$137.44B38.57.1%0.6%
PFE logoPFE
Pfizer Inc.$24.07$136.92B17.78.9%7.1%
CVS logoCVS
CVS Health Corporation$104.33$133.12B75.12.3%2.6%
VRTX logoVRTX
Vertex Pharmaceuticals Incorporated$522.25$132.84B34.122.5%—
SYK logoSYK
Stryker Corporation$313.38$120.14B37.315.1%1.1%
BMY logoBMY
Bristol-Myers Squibb Company$57.97$118.36B16.840.4%4.3%
MDT logoMDT
Medtronic plc$83.83$107.63B22.59.8%3.4%
GSK logoGSK
GSK plc$53.32$107.23B7.239.4%6.1%
SNY logoSNY
Sanofi$42.98$103.34B11.810.4%5.9%
MCK logoMCK
McKesson Corporation$807.33$97.04B21.0—0.4%
HCA logoHCA
HCA Healthcare, Inc.$423.11$93.86B14.9—0.7%
ELV logoELV
Elevance Health Inc.$418.85$90.96B16.713.3%1.6%
CI logoCI
Cigna Corporation$286.62$75.57B12.914.3%2.1%
REGN logoREGN
Regeneron Pharmaceuticals, Inc.$676.23$70.26B16.314.9%0.5%
BSX logoBSX
Boston Scientific Corporation$45.30$67.33B23.412.4%—
COR logoCOR
Cencora, Inc.$304.48$59.24B38.3122.7%0.7%
ARGX logoARGX
argenx SE$919.94$56.93B46.920.2%—
LLY logoLLY
Eli Lilly and Company
$1235.56Price
Mkt Cap$1.17T
P/E53.8
ROE101.2%
Div Yield0.5%
JNJ logoJNJ
Johnson & Johnson
$267.24Price
Mkt Cap$643.31B
P/E24.2
ROE35%
Div Yield1.9%
ABBV logoABBV
AbbVie Inc.
$254.65Price
Mkt Cap$449.91B
P/E107.4
ROE6214.7%
Div Yield2.6%
UNH logoUNH
UnitedHealth Group Incorporated
$428.19Price
Mkt Cap$388.86B
P/E32.4
ROE11.8%
Div Yield2%
MRK logoMRK
Merck & Co., Inc.
$128.86Price
Mkt Cap$318.26B
P/E17.7
ROE36.9%
Div Yield2.5%
NVS logoNVS
Novartis AG
$157.03Price
Mkt Cap$299.63B
P/E21.8
ROE31%
Div Yield2.6%
AZN logoAZN
AstraZeneca PLC
$193.12Price
Mkt Cap$299.39B
P/E29.5
ROE22.9%
Div Yield1.7%
NVO logoNVO
Novo Nordisk A/S
$49.64Price
Mkt Cap$220.59B
P/E14.1
ROE60.7%
Div Yield3.6%
AMGN logoAMGN
Amgen Inc.
$368.10Price
Mkt Cap$198.66B
P/E25.9
ROE106.1%
Div Yield2.6%
TMO logoTMO
Thermo Fisher Scientific Inc.
$516.62Price
Mkt Cap$191.99B
P/E29.1
ROE13.1%
Div Yield0.3%
GILD logoGILD
Gilead Sciences, Inc.
$136.36Price
Mkt Cap$169.3B
P/E20.1
ROE40.7%
Div Yield2.3%
ABT logoABT
Abbott Laboratories
$95.84Price
Mkt Cap$166.94B
P/E25.8
ROE13%
Div Yield2.5%
ISRG logoISRG
Intuitive Surgical, Inc.
$427.30Price
Mkt Cap$151.33B
P/E54.3
ROE16.6%
Div Yield—
DHR logoDHR
Danaher Corporation
$194.19Price
Mkt Cap$137.44B
P/E38.5
ROE7.1%
Div Yield0.6%
PFE logoPFE
Pfizer Inc.
$24.07Price
Mkt Cap$136.92B
P/E17.7
ROE8.9%
Div Yield7.1%
CVS logoCVS
CVS Health Corporation
$104.33Price
Mkt Cap$133.12B
P/E75.1
ROE2.3%
Div Yield2.6%
VRTX logoVRTX
Vertex Pharmaceuticals Incorporated
$522.25Price
Mkt Cap$132.84B
P/E34.1
ROE22.5%
Div Yield—
SYK logoSYK
Stryker Corporation
$313.38Price
Mkt Cap$120.14B
P/E37.3
ROE15.1%
Div Yield1.1%
BMY logoBMY
Bristol-Myers Squibb Company
$57.97Price
Mkt Cap$118.36B
P/E16.8
ROE40.4%
Div Yield4.3%
MDT logoMDT
Medtronic plc
$83.83Price
Mkt Cap$107.63B
P/E22.5
ROE9.8%
Div Yield3.4%
GSK logoGSK
GSK plc
$53.32Price
Mkt Cap$107.23B
P/E7.2
ROE39.4%
Div Yield6.1%
SNY logoSNY
Sanofi
$42.98Price
Mkt Cap$103.34B
P/E11.8
ROE10.4%
Div Yield5.9%
MCK logoMCK
McKesson Corporation
$807.33Price
Mkt Cap$97.04B
P/E21.0
ROE—
Div Yield0.4%
HCA logoHCA
HCA Healthcare, Inc.
$423.11Price
Mkt Cap$93.86B
P/E14.9
ROE—
Div Yield0.7%
ELV logoELV
Elevance Health Inc.
$418.85Price
Mkt Cap$90.96B
P/E16.7
ROE13.3%
Div Yield1.6%
CI logoCI
Cigna Corporation
$286.62Price
Mkt Cap$75.57B
P/E12.9
ROE14.3%
Div Yield2.1%
REGN logoREGN
Regeneron Pharmaceuticals, Inc.
$676.23Price
Mkt Cap$70.26B
P/E16.3
ROE14.9%
Div Yield0.5%
BSX logoBSX
Boston Scientific Corporation
$45.30Price
Mkt Cap$67.33B
P/E23.4
ROE12.4%
Div Yield—
COR logoCOR
Cencora, Inc.
$304.48Price
Mkt Cap$59.24B
P/E38.3
ROE122.7%
Div Yield0.7%
ARGX logoARGX
argenx SE
$919.94Price
Mkt Cap$56.93B
P/E46.9
ROE20.2%
Div Yield—
See all 50 stocks →

Sector Outlook

Healthcare Sector Outlook - Q1 2026

Updated Q1 2026

Healthcare enters 2026 with a mixed setup. Large-cap pharma and managed care provide cash flow stability, while biotech depends on funding conditions, catalysts, and M&A appetite.

Procedure volumes, GLP-1 demand shifts, and hospital labor normalization are key drivers for providers and devices. Watch drug pricing policy and patent replacement pipelines for large incumbents.

The best opportunities usually come from segment selection, not broad sector timing. Quality compounders and speculative clinical-stage names coexist, so discipline on valuation matters.

Learn

Understanding the Healthcare Sector

What Is the Healthcare Sector?

Healthcare under GICS groups companies tied to medicine, patient care, diagnostics, life sciences, or health insurance — from large pharma and biotech to hospital systems, device makers, and health tech vendors.

Drug makers and insurers are valued on cash flow and pricing power. Biotech and devices are more about pipeline quality and product adoption. XLV gives a large-cap snapshot, but the full sector has a wider range of business models.

How to Invest in Healthcare Stocks

XLV offers broad exposure to established healthcare leaders. Stock selection is more useful for targeted pharma, managed care, device, or biotech exposure.

Key risks: regulation, reimbursement changes, patent cliffs, trial failures, and utilization shifts. In defensive phases, investors favor insurers and large-cap pharma. In risk-on phases, biotech pipelines and high-growth medtech get attention.

Use the screener to separate recurring cash flow businesses from binary-event stories. Margin stability, balance sheet strength, and valuation work best when compared within the right sub-group.

Explore Further

Related Themes & Screens in Healthcare

ThemeBiotech Healthcare

Frequently Asked Questions

Healthcare includes pharma, biotech, insurers, hospitals, device makers, diagnostics, and life sciences tools. The screener above shows the sector list with sortable data.

Explore More

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View All Sectors

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Performance Dashboard

How the Healthcare sector has traded against the market

Track the XLV sector ETF performance vs S&P 500. The basket shows equal-weight returns of top 50 stocks by market cap.

Sector ETF
XLV+21.8%
S&P 500 Index
SPY+20.5%
Equal-Weight Basket
Basket+26.2%
XLV Sector ETF (Solid Line)S&P 500 Index Benchmark (Dashed Line)Equal-Weight Sector Basket (Solid Line · Top 50 Stocks)

Top 1M Performers

Momentum Leaders

Gainers
MRNA$79.77

Moderna, Inc.

+67.6%
YTD +158%·$31.64B
NTRA$281.27

Natera, Inc.

+31.8%
YTD +23%·$40.28B
RVMD$190.46

Revolution Medicines, Inc.

+28.3%
YTD +141%·$40.49B
NVO$49.64

Novo Nordisk A/S

+21%
YTD -5%·$220.59B
VRTX$522.25

Vertex Pharmaceuticals Incorporated

+17.9%
YTD +16%·$132.84B

Bottom 1M Performers

Momentum Underperformers

Decliners
BSX$45.30

Boston Scientific Corporation

-7%
YTD -52%·$67.33B
PFE$24.07

Pfizer Inc.

-6%
YTD -4%·$136.92B
ZTS$76.29

Zoetis Inc.

-3.2%
YTD -39%·$31.98B
SNY$42.98

Sanofi

-2.1%
YTD -11%·$103.34B
A$131.14

Agilent Technologies, Inc.

-1.2%
YTD -5%·$37.04B

Market Comparison

Healthcare vs S&P 500 in one glance

Against the S&P 500, Healthcare currently trades at 29.8x trailing earnings versus 34.1x for the broad market. This discount reflects the sector's lower profitability metrics compared to the broader index.

Valuation

Cheaper

12% below S&P 500 trailing P/E

Sector vs Market

MetricHealthcareS&P 500Winner
Trailing P/E29.8x34.1xSector cheaper
Forward P/E20.5x23.9xSector cheaper
EV/EBITDA17.6x22.7xSector cheaper

Historical Context

1-year premiumAbove normal

70th percentile; range 25.5x to 31.8x

5-year premiumRich vs history

86th percentile; range 18.1x to 31.8x

Quality

Lower quality

Net margin 17.0% vs 25.6%; ROE 41.1% vs 48.1%

Sector vs Market

MetricHealthcareS&P 500Winner
Net Margin17.0%25.6%S&P 500 stronger
ROE41.1%48.1%S&P 500 stronger

Absolute Health (TTM)

Revenue Growth8.8%
Gross Margin64.8%
FCF Margin16.1%

Income

Higher yield

Sector yield 1.52% vs 0.99%

Sector vs Market

MetricHealthcareS&P 500Winner
Dividend Yield1.5%1.0%Sector yields more
Industry Breakdown

Where the real weight sits inside Healthcare

These cards are built from the full sector universe, then ranked by market cap so you can see which pockets are leading, rich, resilient, or dangerously concentrated.

Industry Scoreboard

Fast scan of Healthcare industry setups

Use this table to spot heavyweights, cheap pockets, leaders, and genuinely beaten-down areas before opening the detailed cards below.

Large Pharma

21 stocks

45.8%

$4.27T

Neutral

+7.0% median 3M

Cheap

14.2x median Fwd P/E

High

29.9% median ROE

Weak

4.4% rev growth

Attractive

Concentrated

Biotechnology

647 stocks

14.3%

$1.33T

Neutral

+4.5% median 3M

Fair

20.9x median Fwd P/E

Mixed

-55.1% median ROE

Average

5.9% rev growth

Mixed

Diversified

Health Insurance

12 stocks

8.5%

$796.25B

Leading

+36.7% median 3M

Fair

26.6x median Fwd P/E

Mixed

4.4% median ROE

Average

11.9% rev growth

Mixed

One-name heavy

Medical Devices

132 stocks

8.4%

$778.68B

Lagging

+2.8% median 3M

Fair

22.9x median Fwd P/E

Mixed

-17.1% median ROE

Average

9.2% rev growth

Mixed

Diversified

Diagnostics & Research

53 stocks

7.7%

$721.38B

Neutral

+6.5% median 3M

Premium

24.2x median Fwd P/E

Mixed

-9.1% median ROE

Average

8.3% rev growth

Mixed

Concentrated

Medical Instruments

56 stocks

4.6%

$425.73B

Neutral

+12.3% median 3M

Premium

19.9x median Fwd P/E

Mixed

-3.1% median ROE

Weak

8.5% rev growth

Mixed

Concentrated

Specialty & Generic Pharma

77 stocks

3.0%

$277.03B

Lagging

+1.8% median 3M

Cheap

13.6x median Fwd P/E

Mixed

-10.8% median ROE

Average

3.7% rev growth

Beaten Down

Diversified

Healthcare Facilities

48 stocks

2.6%

$242.78B

Leading

+23.7% median 3M

Cheap

17.5x median Fwd P/E

Mixed

4.6% median ROE

Weak

6.7% rev growth

Mixed

Concentrated

Medical Distribution

12 stocks

2.4%

$227.75B

Lagging

-5.4% median 3M

Fair

17.1x median Fwd P/E

Mixed

18.0% median ROE

Average

0.7% rev growth

Mixed

One-name heavy

Healthcare IT

51 stocks

1.6%

$145.13B

Neutral

+11.2% median 3M

Fair

22.1x median Fwd P/E

Mixed

-2.8% median ROE

Strong

7.6% rev growth

Watchlist

Diversified

Pharmaceuticals

12 stocks

0.7%

$61.15B

Lagging

-16.5% median 3M

Fair

53.3x median Fwd P/E

Weak

-51.5% median ROE

Strong

22.1% rev growth

Broken

One-name heavy

Medical Equipment

7 stocks

0.4%

$40.6B

Leading

+7.3% median 3M

Fair

18.9x median Fwd P/E

Mixed

-0.2% median ROE

Strong

24.1% rev growth

Watchlist

One-name heavy

Medical Specialties

1 stocks

0.0%

$441M

Leading

+47.2% median 3M

Fair

- median Fwd P/E

Mixed

-35.3% median ROE

Average

- rev growth

Mixed

One-name heavy

Showing 13 of 13 industries in Healthcare.

Setup is a quick read of value, quality, growth, momentum, and concentration together.

Large Pharma

Cheap vs sectorHigh qualityNeutralWeak growthConcentrated

Large Pharma is a core pocket of healthcare, moving broadly in line with the rest of the sector; growth is softer than the sector average, business quality is stronger than the sector median, and valuation sits below sector norms. Leadership is concentrated in a few names.

Median 3M return

+7.0%

Forward P/E

14.2x

Top 3 weight

52.9%

Market cap

$4.27T

Coverage

21 stocks

Breadth

62% pos. in 3M

Explore entire industry
→

Earnings Calendar

Upcoming Earnings in Healthcare

Earnings reports are the biggest near-term catalysts for sector moves. Track which names report in the next 60 days and size your positions accordingly.

JNJ

$643.31B

Johnson & Johnson

Wed, Jul 15

7d

ELV

$90.96B

Elevance Health Inc.

Thu, Jul 16

ABT

$166.94B

Abbott Laboratories

Thu, Jul 16

NVS

$299.63B

Novartis AG

Tue, Jul 21

TMO

$191.99B

Thermo Fisher Scientific Inc.

Wed, Jul 22

EW

$54.6B

Edwards Lifesciences Corporation

Thu, Jul 23

ARGX

$56.93B

argenx SE

Thu, Jul 23

HCA

$93.86B

HCA Healthcare, Inc.

Fri, Jul 24

AZN

$299.39B

AstraZeneca PLC

Mon, Jul 27

ISRG

$151.33B

Intuitive Surgical, Inc.

Tue, Jul 28

GSK

$107.23B

GSK plc

Tue, Jul 28

IQV

$35.34B

IQVIA Holdings Inc.

Tue, Jul 28

DHR

$137.44B

Danaher Corporation

Tue, Jul 28

CNC

$32.65B

Centene Corporation

Tue, Jul 28

BSX

$67.33B

Boston Scientific Corporation

Wed, Jul 29