Virtus LifeSci Biotech Clinical Trials ETF
ALTAR
Score™
0.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-4.7x P/Sales
ratio
10.6x
P/BV
ratio
-89.4x Div.
yield
0.1%


  • 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 17, 2014
Assets (mns) $27
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 95
Wgt avg mkt cap (mns) $869
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 18.1%
Small cap (<$2bn) 81.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FORTY SEVEN INC 3.4 %
MODERNA, INC. 2.1 %
CEL-SCI CORP 1.9 %
CHEMOCENTRYX INC 1.7 %
INTRA-CELLULAR THERAPIES INC 1.5 %
AKEBIA THERAPEUTICS INC 1.5 %
FATE THERAPEUTICS INC 1.5 %
TRANSLATE BIO, INC. 1.5 %
IOVANCE BIOTHERAPEUTICS INC 1.5 %
CYTOKINETICS INC 1.4 %
Total 18.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 71.3 %
DENMARK 1.3 %
SWITZERLAND 0.8 %
NETHERLANDS 0.8 %
BRITAIN 0.6 %
SINGAPORE 0.3 %





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% 2.9% -2.0% -- 1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.39 39%
MSCI EAFE 1.14 26%
MSCI Emg. Mkts. 1.02 30%

Technical Indicators
Recent close $28.03
30d moving avg. $31.06
Annualized volatility 33.7%
Short interest (ETF) 10.7%
Short interest (Underlying) 12.2%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 30
Turnover 3.2%
Bid/Ask (% of price) 0.78%
ADV underlying (mns) $1,455

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 0.0%


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 24.9 35 44 -5.3 -5.3
BTEC Principal Healthcare Innovators Index ETF 24.3 42 37 -5.2 -5.2
SBIO ALPS Medical Breakthroughs ETF 21.6 50 29 -1.5 -1.5
PTH Invesco DWA Healthcare Momentum ETF 15.8 60 19 -4.3 -4.3
IDNA iShares Genomics Immunology & Healthcare ETF 14.8 47 32 -3.6 -3.6
GDNA Goldman Sachs Motif Human Evolution ETF 14.1 50 29 0.6 +0.6
IBB iShares NASDAQ Biotechnology ETF 13.1 47 32 0.8 +0.8
GNOM Global X Genomics & Biotechnology ETF 11.6 68 11 -3.8 -3.8
CNCR Loncar Cancer Immunotherapy ETF 11.6 79 0 -4.8 -4.8
PBE Invesco Dynamic Biotechnology & Genome ETF 11.4 57 22 -1.1 -1.1
DWAS Invesco DWA SmallCap Momentum ETF 10.3 60 19 1.1 +1.1
IWC iShares Micro-Cap ETF 8.3 60 19 -5.5 -5.5
HELX Franklin Genomic Advancements ETF 7.5 50 29 -2.3 -2.3
IWO iShares Russell 2000 Growth ETF 6.8 24 55 1.6 +1.6
VTWG Vanguard Russell 2000 Growth Index Fund 6.6 15 64 1.8 +1.8
IEIH iShares Evolved U.S. Innovative Healthcare ETF 6.2 18 61 4.5 +4.5
XPH SPDR S&P Pharmaceuticals ETF 4.9 35 44 6.4 +6.4
IWM iShares Russell 2000 ETF 4.2 19 60 5.7 +5.7
VTWO Vanguard Russell 2000 Index Fund 4.1 10 69 5.8 +5.8
ARKG ARK Genomic Revolution Multi-Sector ETF 3.8 75 4 -26.8 -26.8
RYJ Invesco Raymond James SB-1 Equity ETF 3.8 82 -3 5.1 +5.1
VFMO Vanguard U.S. Momentum Factor ETF 3.7 13 66 4.7 +4.7
FYC First Trust Small Cap Growth AlphaDEX Fund 3.6 70 9 3.7 +3.7
MJ ETFMG Alternative Harvest ETF 3.5 75 4 -6.5 -6.5
YOLO AdvisorShares Pure Cannabis ETF 3.5 74 5 -28.7 -28.7
JKK iShares Morningstar Small-Cap Growth ETF 3.5 30 49 2.3 +2.3
PSCH Invesco S&P SmallCap Health Care ETF 3.4 29 50 4.2 +4.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 3.2 29 50 0.0 +0.0
SCHA Schwab U.S. Small-Cap ETF 3.2 4 75 7.5 +7.5
IPO Renaissance IPO ETF 3.1 60 19 -13.2 -13.2
IHE iShares U.S. Pharmaceuticals ETF 3.1 42 37 6.5 +6.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 3.1 70 9 4.5 +4.5
JKJ iShares Morningstar Small-Cap ETF 2.9 25 54 9.0 +9.0
FTXH First Trust Nasdaq Pharmaceuticals ETF 2.7 60 19 7.9 +7.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 2.6 6 73 8.0 +8.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 2.5 17 62 7.3 +7.3
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 2.4 125 -46 -2.9 -2.9
VBK Vanguard Small-Cap Growth Index Fund 2.4 7 72 3.9 +3.9
BBH VanEck Vectors Biotech ETF 2.4 35 44 4.5 +4.5
THCX The Cannabis ETF 2.4 70 9 -15.2 -15.2
NUSC Nuveen ESG Small-Cap ETF 2.3 40 39 7.6 +7.6
VFLQ Vanguard U.S. Liquidity Factor ETF 2.2 13 66 5.5 +5.5
CNBS Amplify Seymour Cannabis ETF 2.2 75 4 -16.2 -16.2
VXF Vanguard Extended Market Index Fund 1.9 7 72 5.9 +5.9
SCAP AdvisorShares Cornerstone Small Cap ETF 1.9 90 -11 8.1 +8.1
AIEQ AI Powered Equity ETF 1.8 87 -8 5.1 +5.1
VALX Validea Market Legends ETF 1.8 79 0 19.3 +19.3
JHSC John Hancock Multifactor Small Cap ETF 1.8 50 29 8.6 +8.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 1.7 24 55 11.1 +11.1
FYX First Trust Small Cap Core AlphaDEX Fund 1.7 63 16 9.1 +9.1
VB Vanguard Small-Cap ETF 1.7 5 74 8.1 +8.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 1.7 68 11 1.0 +1.0
VHT Vanguard Health Care Index Fund 1.6 10 69 6.5 +6.5
FBT First Trust NYSE Arca Biotechnology Index Fund 1.6 57 22 -0.2 -0.2
FHLC Fidelity MSCI Health Care Index ETF 1.6 8 71 6.6 +6.6
AIIQ AI Powered International Equity ETF 1.6 79 0 6.4 +6.4
KOMP SPDR Kensho New Economies Composite ETF 1.6 20 59 2.8 +2.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.5 66 13 4.2 +4.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.4 20 59 9.7 +9.7
TECB iShares US Tech Breakthrough Multisector ETF 1.4 40 39 5.4 +5.4
FNX First Trust Mid Cap Core AlphaDEX Fund 1.3 61 18 10.1 +10.1
TOKE Cambria Cannabis ETF 1.3 42 37 -6.6 -6.6
POTX Global X Cannabis ETF 1.3 50 29 -51.4 -51.4
IWN iShares Russell 2000 Value ETF 1.1 24 55 10.3 +10.3
ROGS Hartford Multifactor Global Small Cap ETF 1.1 34 45 11.7 +11.7
VTWV Vanguard Russell 2000 Value Index Fund 1.0 15 64 10.5 +10.5
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.0 70 9 4.3 +4.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 1.0 21 58 4.4 +4.4
PSC Principal U.S. Small Cap Index ETF 1.0 38 41 11.1 +11.1
AFSM First Trust Active Factor Small Cap ETF 0.9 75 4 10.6 +10.6
VBR Vanguard Small Cap Value Index Fund 0.9 7 72 12.0 +12.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 0.9 40 39 8.7 +8.7
PDP Invesco DWA Momentum ETF 0.9 62 17 4.4 +4.4
GURU Global X Guru Index ETF 0.8 75 4 5.6 +5.6
SLYG SPDR S&P 600 Small Cap Growth ETF 0.8 15 64 7.5 +7.5
ARKK ARK Innovation ETF 0.8 75 4 -4.8 -4.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.8 16 63 7.5 +7.5
IJT iShares S&P Small-Cap 600 Growth ETF 0.8 25 54 7.4 +7.4
BOSS Global X Founder-Run Companies ETF 0.8 45 34 4.8 +4.8
AVUV Avantis U.S. Small Cap Value ETF 0.8 25 54 13.8 +13.8
LNGR Global X Longevity Thematic ETF 0.8 50 29 4.4 +4.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 40 6.4 +6.4
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 0.7 29 50 12.6 +12.6
FXH First Trust Health Care AlphaDEX Fund 0.7 62 17 6.6 +6.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.7 29 50 8.5 +8.5
VAMO Cambria Value & Momentum ETF 0.7 64 15 8.8 +8.8
SLY SPDR S&P 600 Small Cap ETF 0.7 15 64 9.5 +9.5
CSML IQ Chaikin U.S. Small Cap ETF 0.7 35 44 13.4 +13.4
SPSM SPDR Portfolio Small Cap ETF 0.7 5 74 9.6 +9.6
IJR iShares Core S&P Small Cap ETF 0.7 7 72 9.6 +9.6
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 10 69 9.6 +9.6
SQLV Legg Mason Small-Cap Quality Value 0.6 62 17 12.2 +12.2
TUSA First Trust Total US Market AlphaDEX ETF 0.6 70 9 9.4 +9.4
FPX First Trust US IPO Index Fund 0.6 59 20 6.7 +6.7
JHMH John Hancock Multifactor Healthcare ETF 0.6 40 39 7.2 +7.2
FCPI Fidelity Stocks for Inflation ETF 0.6 29 50 9.2 +9.2
RFG Invesco S&P Midcap 400 Pure Growth ETF 0.6 35 44 6.0 +6.0
FSMD Fidelity Small-Mid Factor ETF 0.6 29 50 9.9 +9.9
IYH iShares U.S. Healthcare ETF 0.5 43 36 7.1 +7.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 0.5 30 49 10.7 +10.7

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%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
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 -156.4 %
Divided by: Fwd. P/BV -61.2 x
Less: Expense ratio 79 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.22 CATEGORY
AVERAGE
1.51
 
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.