SYDGHL | Syntax Digital Health Index

Index Description

The Syntax Digital Health Index applies modified-equal weighting to up to 50 publicly traded US companies that operate in the healthcare and technology sectors. The Index applies screens for thematic purity of exposure, liquidity, and size, and defines business segments including telehealth, consumer take-home/digital fitness, surgical robotics, online pharmacies, and digital healthcare applications.

The Index uses company classification data structured in Syntax's proprietary Functional Information System (FIS)®, which draws primarily from audited annual reports (e.g., 10-K filings) and secondarily from unaudited documents (e.g., news articles, company websites) to allow granular groupings and comparisons of companies by the characteristics of their various product lines.

Index Facts

Number of Constituents 50
Weighting Methodology Modified Equal
Rebalancing Frequency Quarterly
Currency USD
Exchange Symbol/Ticker SYDGHL
Index Inception Date December 16, 2022
Total Return Index Value as of 12/13/2023 1514.88

Index Performance

Multi-Horizon Returns % as of 2023-09-30
YTD3Q231Y3Y5Y7Y10YSince 12.15.17
Digital Health-7.94-18.57-0.26-9.453.25--9.37
S&P 50013.07-3.2821.6110.159.9212.2411.9110.62
Annual Index Performance % as of 2023-09-30
Digital Health-30.61-0.1157.9043.8015.92-----
S&P 500-18.1128.7118.4031.49-4.3821.8311.961.3813.6932.39
Index Statistics as of 2023-09-30
Vol.Sharpe RatioTrack. Err.Upside CaptureDown. Capture
Digital Health23.90.0612.3893.3117.6
S&P 50019.00.43-100.0100.0
Index Fundamentals as of 2023-09-30
BetaDividend YieldP / E Ratio
Digital Health1.080.30NA
S&P 5001.001.6723.0

NA denotes negative valuation.

Top Holdings as of 2023-09-30
Click on a company name to view more information on key statistics, classification and more. Premium data requires an Affinity login.
Company Weight (%)
HealthEquity Inc 3.26
Evolent Health Inc 3.20
NextGen Healthcare Inc 3.11
Veradigm Inc 3.09
EngageSmart Inc 3.08
Certara Inc. 2.96
iRhythm Technologies Inc 2.95
Corvel Corp 2.94
Lifestance Health Group Inc 2.93