The S&P Health Care Equipment fund is an exchange traded fund (ETF) within the SPDR family. There are 3 other funds we track which provide a return similar to XHE.
Within the SPDR family of funds, the most positively correlated other funds are Health Care Select Sector Fund, S&P 500 Growth, Consumer Discretionary Select Sector Fund, S&P Health Care Services, S&P 400 Mid Cap Growth.
Outside of the SPDR family, the most positively correlated other funds are PowerShares - S&P SmallCap Health Care Portfolio, iShares - U.S. Medical Devices ETF, PowerShares - Dynamic Software Portfolio, Vanguard Mutual Funds - U.S. Growth Admiral Shares, Vanguard Mutual Funds - U.S. Growth.
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