Virtus LifeSci Biotech Clinical Trials ETF
ALTAR
Score™		 -8.9% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -5.9x P/Sales
ratio		 11.8x
P/BV
ratio		 18.7x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks investment results that correspond, before fees and expenses, to the price and yield performance of the LifeSci Biotechnology Clinical Trials Index, which tracks the performance of select clinical trials stage biotechnology companies.

FUND BASICS
Category US Equities
Fund Sponsor ETFis Capital LLC
Website www.bioshares.com
Inception date Dec 16, 2014
Assets (mns) $10
Currency USD
Expense ratio 79 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 105
Wgt avg mkt cap (mns) $1,329
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 20.0%
Small cap (<$2bn) 76.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VIKING THERAPEUTICS, INC. 3.0 %
VERA THERAPEUTICS, INC. CLASS A 2.2 %
SANA BIOTECHNOLOGY, INC. 1.9 %
AVIDITY BIOSCIENCES INC 1.7 %
DYNE THERAPEUTICS INC 1.6 %
IOVANCE BIOTHERAPEUTICS INC 1.5 %
CULLINAN ONCOLOGY, INC. 1.4 %
MERUS N.V. 1.4 %
MACROGENICS INC 1.4 %
KEROS THERAPEUTICS, INC. 1.4 %
Total 17.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 83.6 %
CANADA 2.3 %
NETHERLANDS 1.8 %
GERMANY 1.3 %
BRITAIN 0.7 %
SWITZERLAND 0.6 %
IRELAND 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.0% 37.6% 1.2% -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.92 21%
MSCI EAFE 0.81 15%
MSCI Emg. Mkts. 0.71 13%

Technical Indicators
Recent close $25.38
30d moving avg. $19.68
Annualized volatility 35.4%
Short interest (ETF) 0.2%
Short interest (Underlying) 8.2%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.0%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $2,613

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 205 potential alternatives to the Virtus LifeSci Biotech Clinical Trials ETF ETF based on the alternatives' overlap in portfolio holdings with BBC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBC Expense: 79 bp ALTAR Score™: -8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBC
Ticker Fund
Name		 Overlap1
vs BBC
(%)		 Expense
ratio
(bp)		 Savings
vs BBC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs BBC
(%)
XBI SPDR S&P BIOTECH ETF 44.8 35 44 -1.4 +7.5
SBIO ALPS Medical Breakthroughs ETF 39.4 50 29 -4.9 +4.0
CNCR Range Cancer Therapeutics ETF 32.8 79 0 -29.0 -20.1
BTEC Principal Healthcare Innovators ETF 31.0 42 37 -5.3 +3.6
PTH Invesco Dorsey Wright Healthcare Momentum ETF 18.1 60 19 -3.6 +5.3
IDNA iShares Genomics Immunology and Healthcare ETF 15.5 47 32 -5.2 +3.7
IBBQ Invesco Nasdaq Biotechnology ETF 15.3 19 60 1.0 +9.8
WDNA WisdomTree BioRevolution Fund 11.2 45 34 -4.5 +4.3
IBB iShares Biotechnology ETF 11.2 45 34 0.9 +9.8
GNOM Global X Genomics & Biotechnology ETF 11.2 50 29 -5.4 +3.5
CANC Tema Oncology ETF 11.1 75 4 -4.4 +4.5
BMED Future Health ETF 9.7 85 -6 0.2 +9.1
QQQS Invesco NASDAQ Future Gen 200 ETF 7.7 20 59 -7.8 +1.0
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 7.4 60 19 1.2 +10.1
IWC iShares Micro-Cap ETF 7.3 60 19 -4.4 +4.5
INNO Harbor Disruptive Innovation ETF 7.3 75 4 -3.5 +5.4
MOON Direxion Moonshot Innovators ETF 7.0 65 14 0.0 +8.9
FYC First Trust Small Cap Growth AlphaDEX Fund 6.8 71 8 0.9 +9.8
IWO iShares Russell 2000 Growth ETF 6.2 24 55 1.5 +10.3
VTWG Vanguard Russell 2000 Growth ETF 6.1 15 64 1.8 +10.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 5.7 9 70 4.1 +12.9
HELX Franklin Genomic Advancements ETF 5.4 50 29 1.7 +10.6
IBRN iShares Neuroscience and Healthcare ETF 5.4 47 32 -4.9 +3.9
FTXH First Trust Nasdaq Pharmaceuticals ETF 5.2 60 19 9.1 +18.0
ARKG ARK Genomic Revolution ETF 5.2 75 4 -9.1 -0.2
GERM ETFMG Treatments Testing and Advancements ETF 4.9 68 11 -6.6 +2.3
NUSC Nuveen ESG Small-Cap ETF 4.9 31 48 5.3 +14.1
VFMO Vanguard U.S. Momentum Factor ETF 4.7 13 66 2.8 +11.7
IWM iShares Russell 2000 ETF 4.6 19 60 3.7 +12.5
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 4.5 95 -16 1.7 +10.6
VTWO Vanguard Russell 2000 ETF 4.4 10 69 3.9 +12.8
AVSC Avantis U.S Small Cap Equity ETF 4.1 25 54 5.6 +14.4
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 4.0 35 44 5.5 +14.4
MEDI Harbor Health Care ETF 3.7 80 -1 0.9 +9.8
PSCH Invesco S&P SmallCap Health Care ETF 3.4 29 50 5.9 +14.8
ISCG iShares Morningstar Small-Cap Growth ETF 3.4 6 73 2.5 +11.4
JFWD Jacob Forward ETF 3.4 75 4 0.0 +8.9
SANE Subversive Mental Health ETF 3.3 75 4 0.0 +8.9
MEDX Horizon Kinetics Medical ETF 3.3 85 -6 -0.2 +8.7
XPH SPDR S&P Pharmaceuticals ETF 3.2 35 44 5.1 +13.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 3.0 17 62 5.6 +14.4
IWN iShares Russell 2000 Value ETF 3.0 24 55 5.7 +14.6
PBE Invesco Biotechnology & Genome ETF 3.0 58 21 0.7 +9.5
FYX First Trust Small Cap Core AlphaDEX Fund 2.9 61 18 7.4 +16.3
ARKK ARK Innovation ETF 2.8 75 4 -5.0 +3.9
VTWV Vanguard Russell 2000 Value ETF 2.7 15 64 6.0 +14.8
STXK Strive Small-Cap ETF 2.7 18 61 5.7 +14.5
SCHA Schwab U.S. Small-Cap ETF 2.5 4 75 5.0 +13.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.5 25 54 9.0 +17.9
BKSE BNY Mellon US Small Cap Core Equity ETF 2.5 4 75 5.9 +14.7
ISCB iShares Morningstar Small-Cap ETF 2.5 4 75 5.5 +14.3
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 2.4 20 59 4.6 +13.5
WCEO Hypatia Women CEO ETF 2.4 85 -6 5.2 +14.1
ISMD Inspire Small/Mid Cap ETF 2.3 54 25 6.2 +15.1
VIOG Vanguard S&P Small-Cap 600 Growth ETF 2.3 15 64 7.1 +16.0
FHLC Fidelity MSCI Health Care Index ETF 2.1 8 71 5.9 +14.8
SMLF iShares U.S. SmallCap Equity Factor ETF 2.0 15 64 5.9 +14.8
ARB AltShares Merger Arbitrage ETF 2.0 77 2 -0.2 +8.7
SMLE Xtrackers S&P SmallCap 600 ESG ETF 1.9 15 64 7.8 +16.6
VXF Vanguard Extended Market ETF 1.8 6 73 4.0 +12.9
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.8 60 19 6.6 +15.5
GDOC Goldman Sachs Future Health Care Equity ETF 1.8 75 4 3.2 +12.1
VBK Vanguard Small-Cap Growth ETF 1.8 7 72 1.5 +10.4
DFAS Dimensional U.S. Small Cap ETF 1.7 26 53 6.2 +15.0
VHT Vanguard Health Care ETF 1.6 10 69 5.7 +14.6
IHE iShares U.S. Pharmaceuticals ETF 1.5 40 39 8.2 +17.1
GINN Goldman Sachs Innovate Equity ETF 1.5 52 27 2.7 +11.6
PSC Principal U.S. Small-Cap ETF 1.5 38 41 6.7 +15.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.5 64 15 2.1 +11.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.4 20 59 6.9 +15.7
WTAI WisdomTree Artificial Intelligence and Innovation Fund 1.4 45 34 1.4 +10.2
FSMD Fidelity Small-Mid Multifactor ETF 1.4 15 64 7.8 +16.7
GURU Global X Guru Index ETF 1.3 75 4 2.6 +11.4
LRNZ TrueShares Technology, AI & Deep Learning ETF 1.3 69 10 -1.2 +7.7
VB Vanguard Small-Cap ETF 1.2 5 74 5.5 +14.4
FPX First Trust US Equity Opportunities ETF 1.2 61 18 0.7 +9.5
SSLY Syntax Stratified SmallCap ETF 1.2 40 39 7.6 +16.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 1.2 7 72 5.8 +14.7
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 73 8.3 +17.2
KOMP SPDR S&P Kensho New Economies Composite ETF 1.1 20 59 2.1 +11.0
VIOO Vanguard S&P Small-Cap 600 ETF 1.1 10 69 8.0 +16.8
HART IQ Healthy Hearts ETF 1.1 45 34 5.4 +14.3
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 40 4.7 +13.5
BBH VanEck Biotech ETF 1.0 35 44 5.3 +14.2
GVIP Goldman Sachs Hedge Industry VIP ETF 1.0 45 34 4.7 +13.6
EES WisdomTree U.S. SmallCap Fund 0.9 38 41 10.6 +19.4
FDM First Trust Dow Jones Select MicroCap Index Fund 0.9 60 19 8.1 +17.0
SQLV Royce Quant Small-Cap Quality Value ETF 0.9 60 19 9.2 +18.0
VBR Vanguard Small Cap Value ETF 0.8 7 72 8.4 +17.2
HTEC ROBO Global Healthcare Technology and Innovation ETF 0.8 68 11 1.2 +10.0
SMDY Syntax Stratified MidCap ETF 0.8 35 44 6.5 +15.3
ESIX SPDR S&P SmallCap 600 ESG ETF 0.8 12 67 8.0 +16.9
AFSM First Trust Active Factor Small Cap ETF 0.8 75 4 7.9 +16.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.8 21 58 3.9 +12.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.8 35 44 5.8 +14.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 14 1.6 +10.5
WISE Themes Generative Artificial Intelligence ETF 0.7 35 44 2.2 +11.0
SYNB Putnam BioRevolution ETF 0.7 70 9 2.9 +11.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.7 29 50 7.5 +16.4
VAMO Cambria Value & Momentum ETF 0.7 61 18 9.8 +18.7
PJP Invesco Pharmaceuticals ETF 0.7 57 22 7.5 +16.3
ROSC Hartford Multifactor Small Cap ETF 0.7 34 45 10.4 +19.2
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.7 47 32 10.1 +18.9
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.6 15 64 6.4 +15.2
TINY ProShares Nanotechnology ETF 0.6 58 21 1.9 +10.7
SIXS ETC 6 Meridian Small Cap Equity ETF 0.6 89 -10 9.3 +18.1
FBT First Trust NYSE Arca Biotechnology Index Fund 0.6 56 23 0.1 +8.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 0.6 35 44 7.4 +16.3
SAGP Strategas Global Policy Opportunities ETF 0.6 65 14 4.6 +13.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.6 4 75 6.2 +15.1
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 17 3.7 +12.6
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 37 6.3 +15.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 67 7.9 +16.8
IJT iShares S&P Small-Cap 600 Growth ETF 0.5 18 61 7.2 +16.1
SLYG SPDR S&P 600 Small Cap Growth ETF 0.5 15 64 7.2 +16.1
AGNG Global X Aging Population ETF 0.5 50 29 4.2 +13.0
PINK Simplify Health Care ETF 0.5 50 29 3.4 +12.2
DFNV Donoghue Forlines Innovation ETF 0.5 69 10 5.0 +13.9
IJR iShares Core S&P Small Cap ETF 0.5 6 73 8.4 +17.2
SXQG ETC 6 Meridian Quality Growth ETF 0.5 100 -21 4.4 +13.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 76 8.4 +17.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 9 4.6 +13.5
HKND Humankind US Stock ETF 0.5 11 68 7.0 +15.9
IJK iShares S&P Mid-Cap 400 Growth ETF 0.5 17 62 5.9 +14.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 0.5 15 64 5.9 +14.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 62 5.7 +14.6
SLYV SPDR S&P 600 Small Cap Value ETF 0.4 15 64 9.6 +18.4
IJS iShares S&P Small-Cap 600 Value ETF 0.4 18 61 9.5 +18.4
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.4 40 39 4.1 +13.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 54 5.7 +14.6
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.4 59 20 8.7 +17.6
XT iShares Exponential Technologies ETF 0.4 46 33 3.9 +12.8
MDY SPDR S&P Midcap 400 ETF Trust 0.4 23 56 6.9 +15.8
IJH iShares Core S&P Mid-Cap ETF 0.4 5 74 7.1 +15.9
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.4 3 76 7.1 +16.0
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 34 3.4 +12.2
CALF Pacer US Small Cap Cash Cows 100 ETF 0.3 59 20 11.3 +20.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.3 15 64 8.4 +17.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 61 8.4 +17.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 9 1.9 +10.7
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 51 8.5 +17.3
VTI Vanguard Total Stock Market ETF 0.3 3 76 5.1 +14.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.3 3 76 5.2 +14.0
VTHR Vanguard Russell 3000 ETF 0.2 10 69 5.1 +14.0
GWX SPDR S&P International Small Cap ETF 0.2 40 39 6.6 +15.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 70 5.8 +14.7
IWV iShares Russell 3000 ETF 0.2 20 59 5.0 +13.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.2 15 64 8.4 +17.3
AVUS Avantis U.S. Equity ETF 0.2 15 64 6.1 +15.0
BFOR ALPS Barron's 400 ETF 0.2 65 14 6.7 +15.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.2 35 44 7.7 +16.5
SCHB Schwab U.S. Broad Market ETF 0.2 3 76 5.3 +14.1
HLGE Hartford Longevity Economy ETF 0.2 44 35 6.7 +15.6
TPSC Timothy Plan US Small Cap Core ETF 0.2 52 27 7.8 +16.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.2 35 44 7.8 +16.7
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.2 42 37 7.7 +16.6
ESGV Vanguard ESG U.S. Stock ETF 0.2 9 70 5.1 +14.0
FBCG Fidelity Blue Chip Growth ETF 0.2 59 20 2.5 +11.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 55 8.0 +16.9
DFAU Dimensional US Core Equity Market ETF 0.2 12 67 5.4 +14.3
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 19 6.2 +15.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.1 12 67 7.0 +15.8
AOTG AOT Growth and Innovation ETF 0.1 75 4 3.0 +11.9
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 61 5.7 +14.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.1 15 64 7.8 +16.7
DFUS Dimensional U.S. Equity ETF 0.1 9 70 5.2 +14.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.1 10 69 7.1 +15.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 0.1 15 64 6.5 +15.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.1 12 67 7.6 +16.4
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -10 4.8 +13.7
AVUV Avantis U.S. Small Cap Value ETF 0.1 25 54 10.4 +19.2
VT Vanguard Total World Stock ETF 0.1 7 72 5.9 +14.8
SFYX SoFi Next 500 ETF 0.1 0 79 5.7 +14.6
TXS Texas Capital Texas Equity Index ETF 0.1 49 30 5.7 +14.6
JHMM John Hancock Multifactor Mid Cap ETF 0.1 42 37 6.7 +15.6
TMFX Motley Fool Next Index ETF 0.1 50 29 3.5 +12.3
EZM WisdomTree U.S. MidCap Fund 0.1 38 41 8.3 +17.2
STXV Strive 1000 Value ETF 0.1 18 61 8.0 +16.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 76 7.0 +15.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.0 39 40 9.6 +18.5
PKW Invesco Buyback Achievers ETF 0.0 62 17 7.2 +16.1
VIRS Pacer BioThreat Strategy ETF 0.0 70 9 6.0 +14.9
VONG Vanguard Russell 1000 Growth ETF 0.0 8 71 4.8 +13.7
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 76 5.5 +14.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 67 4.5 +13.4
RECS Columbia Research Enhanced Core ETF 0.0 15 64 5.6 +14.5
IUSG iShares Core S&P U.S. Growth ETF 0.0 4 75 4.6 +13.5
VONE Vanguard Russell 1000 ETF 0.0 8 71 5.3 +14.1
JMOM JPMorgan U.S. Momentum Factor ETF 0.0 12 67 4.9 +13.7
STXG Strive 1000 Growth ETF 0.0 18 61 4.2 +13.1
DFSV Dimensional US Small Cap Value ETF 0.0 31 48 9.1 +18.0
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 67 7.2 +16.1
IUSV iShares Core S&P US Value ETF 0.0 4 75 6.9 +15.8
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 4 3.8 +12.6
DFUV Dimensional US Marketwide Value ETF 0.0 22 57 7.8 +16.6
IYY iShares Dow Jones U.S. ETF 0.0 20 59 5.1 +14.0
SCHK Schwab 1000 Index ETF 0.0 5 74 5.3 +14.2
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 68 5.3 +14.1
JHML John Hancock Multifactor Large Cap ETF 0.0 29 50 5.7 +14.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 54 7.0 +15.8
RWK Invesco S&P MidCap 400 Revenue ETF 0.0 39 40 8.9 +17.7
REVS Columbia Research Enhanced Value ETF 0.0 19 60 7.9 +16.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 0.0 45 34 6.3 +15.2
VONV Vanguard Russell 1000 Value ETF 0.0 8 71 6.8 +15.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 54 7.2 +16.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Virtus LifeSci Biotech Clinical Trials ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -80.7 %
Divided by: Fwd. P/BV 10.0 x
Less: Expense ratio 79 bp
Equals: ALTAR Score -8.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.16 CATEGORY
AVERAGE		 1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.