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About XLV
XLV tracks the value of 1 share of the State Street Health Care Select Sector SPDR ETF. The ETF seeks to track the investment results of an index composed of the health care companies in the S&P 500, including pharmaceuticals, medical devices, and health care services. The fund tracks the Health Care Select Sector Index, the health care constituents of the S&P 500 weighted by market capitalization.
On EdgeX, XLV is a synthetic perpetual market. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently.
XLV is listed as a EdgeX synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Other.
Frequently Asked Questions
- What is XLV?
- XLV tracks the value of 1 share of the State Street Health Care Select Sector SPDR ETF. The ETF seeks to track the investment results of an index composed of the health care companies in the S&P 500, including pharmaceuticals, medical devices, and health care services.
- Does trading XLV give me any of the rights of owning shares in the underlying ETF?
- No. XLV is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the underlying ETF's shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying fund.
- Where is XLV listed, and in what currency does XLV trade?
- XLV is listed on NYSE Arca, and its shares trade in U.S. dollars. XLV's price already reflects that U.S. dollars, with no currency conversion involved.
- What index does the Health Care Select Sector SPDR Fund track?
- The fund tracks the Health Care Select Sector Index, which contains the health care companies of the S&P 500 across pharmaceuticals, medical devices, and health care services, weighted by market capitalization.
- XLV on EdgeX is a synthetic perpetual market that tracks price exposure linked to 1 share of the State Street Health Care Select Sector SPDR ETF. It trades on EdgeX, so you can go long or short without holding any units.
- XLV on EdgeX is a synthetic perpetual market that tracks price exposure linked to 1 share of the State Street Health Care Select Sector SPDR ETF. It trades on EdgeX, so you can go long or short without holding any units.
- Can XLV's price on EdgeX differ from the price on other venues?
- Yes. EdgeX runs its own book and funding schedule, so its mark price and open interest are quoted independently and can differ from the same instrument on another venue.
- What does it mean that EdgeX runs its own funding schedule?
- Funding is a periodic payment between long and short positions that keeps a perpetual's price anchored to its underlying. EdgeX sets and settles its own funding on its own schedule, so the funding rate on EdgeX can differ from the funding rate on other venues.
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