Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
Horizon Kinetics Medical ETF(MEDX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for MEDX
11/06/2026: MEDX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
MEDX provides actively managed, concentrated exposure to the global medical and healthcare sector. Unlike passive index funds, it relies on the research-intensive, fundamental analysis of Horizon Kinetics to select holdings. Its main strengths lie in its dedicated management team and contrarian approach, though it faces risks related to sector concentration, higher expense ratios, and lower liquidity compared to massive index competitors. It is best suited for long-term growth investors looking for a niche, active healthcare strategy rather than passive market tracking.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The fund aims for long-term capital appreciation by seeking out potentially high-growth medical companies. |
| Momentum investor | Mixed fit | Active management may not always align with short-term momentum signals, making this a secondary consideration. |
| Value investor | Strong fit | Horizon Kinetics' investment process is rooted in value-oriented fundamental analysis. |
| Dividend/Income investor | Weak fit | The fund prioritizes capital appreciation over consistent dividend yield generation. |
| Low-risk investor | Weak fit | Active, concentrated strategies typically involve higher volatility than broad-market, diversified index funds. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking long-term growth through a concentrated, actively managed healthcare portfolio and is willing to accept higher costs and volatility for the potential of outperformance.
Suitability
Best for long-term investors who share the manager's contrarian, fundamental perspective on the medical industry.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Concentrated active strategies often experience greater price fluctuations than the broad market. |
| Market risk | Medium | The fund is subject to general equity market downturns affecting the healthcare industry. |
| Concentration | High | Holding fewer, selected stocks increases the impact of a single company's performance on the total portfolio. |
| Tracking/expense | Medium | Higher expense ratios compared to passive ETFs can create a performance drag over long periods. |
| Liquidity | Medium | Lower average trading volume can lead to wider spreads and difficulty executing large trades efficiently. |
| Business/sector quality | Medium | Investment success is highly dependent on the quality of management and innovation within the medical sector. |
Risk Analysis
Volatility
MEDX exhibits volatility consistent with a concentrated equity portfolio in a single sector.
Market Risk
The fund is heavily exposed to the idiosyncratic risks of the healthcare sector, including clinical trial failures and policy shifts.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Sector | Healthcare and Medical Equities | 98 | The fund invests primarily in a concentrated basket of healthcare and medical companies to achieve its growth objectives. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small portion of the portfolio is held in cash to maintain liquidity for operational needs. |
Analysis of Past Performance
Type ETF | Historic Profit 42.2% | Avg. Invested days 77 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.