VanEck Vectors Biotech ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
35.3x P/Sales
ratio
6.8x
P/BV
ratio
5.0x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Biotech ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the US Listed Biotech 25 Index.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Dec 21, 2011
Assets (mns) $456
Currency USD
Expense ratio 35 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 24
Wgt avg mkt cap (mns) $48,385
Large cap (>$10bn) 79.7%
Mid cap ($2-10bn) 20.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMGEN INC 12.2 %
GILEAD SCIENCES INC 8.5 %
MODERNA, INC. 7.3 %
ILLUMINA INC 6.1 %
REGENERON PHARMACEUTICALS 5.5 %
VERTEX PHARMACEUTICALS INC 5.4 %
ALEXION PHARMACEUTICALS INC 5.3 %
INCYTE CORP 5.2 %
BIOGEN IDEC INC 4.7 %
BIOMARIN PHARMACEUTICAL INC 4.6 %
Total 64.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
NETHERLANDS 3.0 %
SPAIN 1.8 %
CHINA 1.7 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.4% 38.6% 4.0% -- 19.6%

Market Correlations
versus... Beta R-squared
S&P500 0.96 51%
MSCI EAFE 0.88 37%
MSCI Emg. Mkts. 0.71 37%

Technical Indicators
Recent close $157.49
30d moving avg. $154.28
Annualized volatility 22.7%
Short interest (ETF) 2.5%
Short interest (Underlying) 3.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 35
Turnover 1.2%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $9,279

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the VanEck Vectors Biotech ETF ETF based on the alternatives' overlap in portfolio holdings with BBH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BBH Expense: 35 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BBH
Ticker Fund
Name
Overlap1
vs BBH
(%)
Expense
ratio
(bp)
Savings
vs BBH
(bp)
ALTAR
Score™
(%)
ALTAR
vs BBH
(%)
FBT First Trust NYSE Arca Biotechnology Index Fund 58.7 57 -22 -1.0 -4.7
IBB iShares NASDAQ Biotechnology ETF 56.2 47 -12 0.4 -3.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 34.6 18 17 4.0 +0.3
XBI SPDR S&P BIOTECH ETF 32.4 35 0 -3.9 -7.6
PBE Invesco Dynamic Biotechnology & Genome ETF 27.0 57 -22 -1.0 -4.7
FXH First Trust Health Care AlphaDEX Fund 26.4 62 -27 4.4 +0.7
IDNA iShares Genomics Immunology & Healthcare ETF 23.7 47 -12 -2.6 -6.3
BTEC Principal Healthcare Innovators Index ETF 23.2 42 -7 -2.5 -6.2
HELX Franklin Genomic Advancements ETF 22.5 50 -15 -1.8 -5.6
GNOM Global X Genomics & Biotechnology ETF 21.3 68 -33 -3.6 -7.3
LNGR Global X Longevity Thematic ETF 19.6 50 -15 3.0 -0.7
CNCR Loncar Cancer Immunotherapy ETF 19.0 79 -44 -3.4 -7.2
PJP Invesco Dynamic Pharmaceuticals ETF 17.4 56 -21 11.1 +7.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.7 60 -25 3.5 -0.2
JHMH John Hancock Multifactor Healthcare ETF 16.4 40 -5 6.0 +2.3
IYH iShares U.S. Healthcare ETF 16.1 43 -8 6.1 +2.4
RYH Invesco S&P 500 Equal Weight Health Care ETF 14.6 40 -5 6.3 +2.6
FHLC Fidelity MSCI Health Care Index ETF 14.5 8 27 5.6 +1.9
VHT Vanguard Health Care Index Fund 14.4 10 25 5.5 +1.7
XLV Health Care Select Sector SPDR Fund 14.0 13 22 7.0 +3.3
HTEC ROBO Global Healthcare Technology & Innovation ETF 13.1 68 -33 0.5 -3.2
ARKG ARK Genomic Revolution Multi-Sector ETF 12.0 75 -40 0.0 -3.7
FTCS First Trust Capital Strength ETF 11.8 60 -25 4.9 +1.1
KNOW Direxion All Cap Insider Sentiment Shares 11.6 59 -24 5.5 +1.7
PTH Invesco DWA Healthcare Momentum ETF 11.6 60 -25 -2.6 -6.3
GDNA Goldman Sachs Motif Human Evolution ETF 11.5 50 -15 0.3 -3.5
SDG iShares Sustainable MSCI Global Impact ETF 10.4 49 -14 6.1 +2.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 10.1 35 0 4.3 +0.6
CACG ClearBridge All Cap Growth ETF 10.1 54 -19 4.5 +0.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 10.1 60 -25 4.1 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 9.5 30 5 5.1 +1.4
IXJ iShares Global Healthcare ETF 9.5 46 -11 6.2 +2.5
TECB iShares US Tech Breakthrough Multisector ETF 9.1 40 -5 4.1 +0.4
XT iShares Exponential Technologies ETF 8.8 47 -12 5.2 +1.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 8.3 15 20 4.8 +1.1
DVP Deep Value ETF 8.1 59 -24 14.8 +11.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 7.6 60 -25 6.2 +2.4
FMK First Trust Mega Cap AlphaDEX Fund 7.4 70 -35 5.2 +1.5
VFMO Vanguard U.S. Momentum Factor ETF 6.6 13 22 2.1 -1.6
BIBL Inspire ETF 6.5 35 0 4.7 +1.0
IPO Renaissance IPO ETF 6.4 60 -25 -6.2 -9.9
AIEQ AI Powered Equity ETF 6.4 87 -52 3.4 -0.4
SFYF SoFi 50 ETF 6.4 29 6 5.4 +1.7
QYLD Global X NASDAQ 100 Covered Call ETF 6.4 60 -25 3.7 0.0
COWZ Pacer US Cash Cows 100 ETF 6.4 49 -14 9.4 +5.6
JKH iShares Morningstar Mid-Cap Growth ETF 6.3 30 5 2.5 -1.3
SPHQ Invesco S&P 500 Quality ETF 6.2 15 20 5.1 +1.4
NUSI Nationwide Risk-Managed Income ETF 6.1 68 -33 3.7 -0.1
AUSF Global X Adaptive U.S. Factor ETF 6.1 27 8 7.8 +4.1
SHE SPDR SSGA Gender Diversity Index ETF 6.0 20 15 5.4 +1.7
PKW Invesco Buyback Achievers ETF 5.9 62 -27 6.6 +2.9
QQQ Invesco QQQ Trust 5.9 20 15 4.1 +0.4
FDMO Fidelity Momentum Factor ETF 5.9 29 6 4.0 +0.3
TTAC TrimTabs Float Shrink ETF 5.8 59 -24 3.6 -0.1
QGRO American Century STOXX U.S. Quality Growth ETF 5.8 29 6 3.1 -0.6
BOSS Global X Founder-Run Companies ETF 5.7 45 -10 3.8 +0.1
QVAL Alpha Architect U.S. Quantitative Value ETF 5.7 49 -14 10.4 +6.7
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 5.7 75 -40 2.2 -1.5
ENTR Entrepreneur 30 Fund 5.6 49 -14 3.3 -0.4
SPGP Invesco S&P 500 GARP ETF 5.6 35 0 7.0 +3.3
PWV Invesco Dynamic Large Cap Value ETF 5.6 55 -20 8.0 +4.3
MOAT VanEck Vectors Morningstar Wide Moat ETF 5.2 49 -14 5.9 +2.2
ARKK ARK Innovation ETF 5.1 75 -40 -3.2 -7.0
VFMV Vanguard U.S. Minimum Volatility ETF 5.0 13 22 3.8 +0.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 5.0 34 1 5.2 +1.5
VOT Vanguard Mid-Cap Growth Index Fund 5.0 7 28 3.6 -0.2
SYG SPDR MFS Systematic Growth Equity ETF 4.9 60 -25 4.6 +0.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 4.8 21 14 3.2 -0.5
JKF iShares Morningstar Large Cap Value ETF 4.8 25 10 7.5 +3.7
LRGE ClearBridge Large Cap Growth ESG ETF 4.8 60 -25 4.0 +0.3
FTHI First Trust High Income ETF 4.8 85 -50 5.4 +1.7
DSTL Distillate US Fundamental Stability & Value ETF 4.8 39 -4 6.4 +2.7
FTC First Trust Large Cap Growth AlphaDEX Fund 4.6 61 -26 3.0 -0.7
JQUA JPMorgan U.S. Quality Factor ETF 4.5 12 23 5.2 +1.5
IWP iShares Russell Mid-Cap Growth ETF 4.5 24 11 4.2 +0.5
FTLB First Trust Hedged BuyWrite Income ETF 4.3 85 -50 5.5 +1.8
GURU Global X Guru Index ETF 4.3 75 -40 4.0 +0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.2 28 7 6.5 +2.8
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 4.1 75 -40 5.4 +1.7
FDRR Fidelity Dividend ETF for Rising Rates 4.0 29 6 6.9 +3.2
FFTY Innovator IBD 50 ETF 4.0 80 -45 3.6 -0.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 4.0 18 17 5.6 +1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 4.0 49 -14 4.2 +0.4
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 4.0 75 -40 6.0 +2.3
QDIV Global X S&P 500 Quality Dividend ETF 3.9 20 15 8.1 +4.3
SYE SPDR MFS Systematic Core Equity ETF 3.8 60 -25 5.9 +2.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 3.7 25 10 5.9 +2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 3.7 19 16 5.6 +1.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 3.7 70 -35 2.1 -1.6
FPX First Trust US IPO Index Fund 3.7 59 -24 4.2 +0.5
FLQL Franklin LibertyQ U.S. Equity ETF 3.7 15 20 6.2 +2.5
JKE iShares Morningstar Large-Cap Growth ETF 3.6 25 10 3.5 -0.2
BBC Virtus LifeSci Biotech Clinical Trials ETF 3.6 79 -44 -1.0 -4.8
ESGS Columbia Sustainable U.S. Equity Income ETF 3.6 35 0 8.6 +4.9
GBDV Global Beta Smart Income ETF 3.5 29 6 11.4 +7.7
SIZE iShares Edge MSCI USA Size Factor ETF 3.5 15 20 5.8 +2.1
KRMA Global X Conscious Companies ETF 3.5 43 -8 5.2 +1.5
ECOZ TrueMark ESG Active Opportunities ETF 3.5 58 -23 4.5 +0.7
QUAL iShares MSCI Usa Quality Factor ETF 3.5 15 20 5.4 +1.7

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:
VanEck Vectors Biotech ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.1 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.53
 
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.