The Canadian and US stock markets have the same mix of industry sectors but differ in equity weights by sector. One glaring difference is healthcare. In the US S&P 500 Index, it is the third-largest sector (12.6%) after information technology (28.9%) and financials (13%).
In the S&P/TSX Composite Index, healthcare (0.3%) is the smallest among the 11 primary sectors, while financials (31.3%) and energy (17.1%) are the heavyweights. The healthcare sector seldom outperforms, although, in 2024, individual components beat the broader market.
This May, best in the lot are Vitalhub (TSX:VHI) and Medical Facilities Corp. (TSX:DR). If you’re after monthly passive income and don’t expect much on price appreciation, high-yield NorthWest Healthcare Properties (TSX:NWH.UN) is the logical choice.
Digital transformation
Vitalhub is obscure, but the healthcare stock is flying high. At $6.63 per share, current…
