SYDGHL | Syntax Digital Health Index

Index Description

The Syntax Digital Health Index comprises up to 50 modified-equally weighted 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 45
Weighting Methodology Modified Equal
Rebalancing Frequency Quarterly
Currency USD
Exchange Symbol/Ticker SYDGHL
Index Inception Date December 16, 2022
Base Index Value 1000
Total Return Index Value (as of 03/23/2023) 1634.82

Index Performance

Multi-Horizon Returns
(% as of 12/31/2022)
YTD4Q221Y3Y5Y7Y10YSince 12.15.17
Digital Health-30.618.35-30.613.0512.78--12.38
S&P 500-18.117.56-18.117.669.4211.4812.569.58
Digital Health Comp.-36.4-3.58-36.4-2.779--8.64

Annual Index Performance
(% as of 12/31/2022)
Digital Health-30.61-0.1157.943.815.92-----
S&P 500-18.1128.7118.431.49-4.3821.8311.961.3813.6932.39
Digital Health Comp.-36.4-13.1966.4628.3530.43-----

Index Statistics
(as of 12/31/2022)
Vol.Sharpe RatioTrack. Err.Upside CaptureDown. Capture
Digital Health22.80.511.8108.398
S&P 50018.70.43-100100
Digital Health Comp.26.30.2918.198.499.5

Index Fundamentals
(as of 12/31/2022)
BetaDividend YieldP / E RatioP / B Ratio
Digital Health1.040N/A2.5
S&P 50011.7719.93.8
Digital Health Comp.1.020.01N/A3.5

Top Holdings
(as of 12/31/2022)
CompanyWeight (%)
Schrodinger Inc3.52
R1 RCM Holdco Inc3.48
Tandem Diabetes Care Inc3.33
Masimo Corp3.33
Model N Inc3.3
Omnicell Inc3.28
DocGo Inc3.28
Evolent Health Inc3.24
1Life Healthcare Inc3.16
Health Catalyst Inc3.12