BlackRock Future Health ETF
ALTAR
Score™
-1.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
372.8x P/Sales
ratio
5.3x
P/BV
ratio
7.9x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BMED is actively managed to invest in global equities in the health sciences industry.

FUND BASICS
Category Global Equities
Fund Sponsor Blackrock
Website www.blackrock.com
Inception date Sep 29, 2020
Assets (mns) $7
Currency USD
Expense ratio 85 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 142
Wgt avg mkt cap (mns) $14,520
Large cap (>$10bn) 44.6%
Mid cap ($2-10bn) 33.5%
Small cap (<$2bn) 10.7%
Developed mkts 93.4%
Emerging mkts 6.6%

TOP TEN HOLDINGS
SEATTLE GENETICS INC 3.0 %
GENMAB A/S 2.9 %
PPD, INC. 2.1 %
AMEDISYS INC 2.0 %
INTUITIVE SURGICAL INC 1.9 %
TELEFLEX INC 1.9 %
GN STORE NORD A/S 1.8 %
ALCON, INC. 1.8 %
LHC GROUP INC 1.7 %
HANSOH PHARMACEUTICAL GROUP COMPAN 1.7 %
Total 20.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 65.7 %
DENMARK 6.5 %
CHINA 6.2 %
SWITZERLAND 4.5 %
GERMANY 1.8 %
JAPAN 1.6 %
IRELAND 1.5 %
BELGIUM 1.5 %
NETHERLANDS 1.2 %
ITALY 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.6% -- -- -- 10.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $27.79
30d moving avg. $26.65
Annualized volatility 0.0%
Short interest (ETF) 8.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.8%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $9,707

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: BMED Expense: 85 bp ALTAR Score™: -1.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BMED
Ticker Fund
Name
Overlap1
vs BMED
(%)
Expense
ratio
(bp)
Savings
vs BMED
(bp)
ALTAR
Score™
(%)
ALTAR
vs BMED
(%)
FXH First Trust Health Care AlphaDEX Fund 23.1 62 23 5.0 +6.1
BTEC Principal Healthcare Innovators Index ETF 23.0 42 43 -1.9 -0.9
JHMH John Hancock Multifactor Healthcare ETF 21.8 40 45 6.1 +7.2
LNGR Global X Longevity Thematic ETF 21.1 50 35 3.2 +4.3
IBB iShares NASDAQ Biotechnology ETF 19.6 46 39 0.6 +1.7
IYH iShares U.S. Healthcare ETF 18.2 43 42 6.3 +7.4
FHLC Fidelity MSCI Health Care Index ETF 18.0 8 77 5.6 +6.6
XBI SPDR S&P BIOTECH ETF 17.9 35 50 -2.0 -0.9
VHT Vanguard Health Care Index Fund 17.7 10 75 5.4 +6.5
XHE SPDR S&P Health Care Equipment ETF 17.5 35 50 1.6 +2.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 16.6 68 17 0.1 +1.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 16.4 18 67 3.4 +4.4
RYH Invesco S&P 500 Equal Weight Health Care ETF 16.0 40 45 6.8 +7.9
IEHS iShares Evolved U.S. Healthcare Staples ETF 15.8 18 67 5.4 +6.5
PTH Invesco DWA Healthcare Momentum ETF 15.7 60 25 -2.5 -1.4
IHI iShares U.S. Medical Devices ETF 14.6 42 43 3.3 +4.4
IBBJ Defiance Nasdaq Junior Biotechnology ETF 14.1 45 40 -1.9 -0.8
IXJ iShares Global Healthcare ETF 13.8 46 39 6.4 +7.5
XLV Health Care Select Sector SPDR Fund 12.9 13 72 7.3 +8.3
IDNA iShares Genomics Immunology & Healthcare ETF 11.9 47 38 -2.4 -1.4
FBT First Trust NYSE Arca Biotechnology Index Fund 11.5 55 30 -1.5 -0.5
BBH VanEck Vectors Biotech ETF 10.3 35 50 4.3 +5.4
VBK Vanguard Small-Cap Growth Index Fund 9.1 7 78 2.0 +3.1
IWP iShares Russell Mid-Cap Growth ETF 9.1 24 61 2.8 +3.9
HELX Franklin Genomic Advancements ETF 9.0 50 35 -1.1 +0.0
IHF iShares U.S. Healthcare Providers ETF 8.8 42 43 7.2 +8.3
JKH iShares Morningstar Mid-Cap Growth ETF 8.7 30 55 1.9 +3.0
ENTR Entrepreneur 30 Fund 8.7 49 36 1.0 +2.1
BBC Virtus LifeSci Biotech Clinical Trials ETF 8.5 79 6 0.0 +1.1
XHS SPDR S&P Health Care Services ETF 8.5 35 50 3.9 +5.0
SBIO ALPS Medical Breakthroughs ETF 8.4 50 35 -1.5 -0.5
IQM Franklin Intelligent Machines ETF 8.4 50 35 1.6 +2.7
XT iShares Exponential Technologies ETF 8.2 47 38 4.7 +5.7
IWO iShares Russell 2000 Growth ETF 8.0 24 61 -0.1 +1.0
TPLC Timothy Plan US Large Cap Core ETF 7.7 52 33 4.7 +5.8
FTC First Trust Large Cap Growth AlphaDEX Fund 7.6 61 24 2.4 +3.4
JKK iShares Morningstar Small-Cap Growth ETF 7.3 30 55 0.9 +2.0
VTWG Vanguard Russell 2000 Growth Index Fund 7.3 15 70 -0.0 +1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 7.2 30 55 4.7 +5.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.2 66 19 2.0 +3.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 7.2 75 10 4.0 +5.0
ARKG ARK Genomic Revolution ETF 7.1 75 10 -2.2 -1.1
ANEW ProShares MSCI Transformational Changes ETF 7.1 45 40 3.1 +4.2
XMMO Invesco S&P MidCap Momentum ETF 7.1 34 51 3.9 +5.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 6.7 34 51 4.4 +5.5
QGRO American Century STOXX U.S. Quality Growth ETF 6.5 29 56 3.1 +4.2
SFYX Sofi Next 500 ETF 6.5 0 85 5.4 +6.4
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 6.5 60 25 3.5 +4.6
VOT Vanguard Mid-Cap Growth Index Fund 6.4 7 78 2.9 +3.9
PBE Invesco Dynamic Biotechnology & Genome ETF 6.4 58 27 -2.4 -1.3
FDG American Century Focused Dynamic Growth ETF 6.4 45 40 1.5 +2.6
QQQN VictoryShares Nasdaq Next 50 ETF 6.2 18 67 2.9 +4.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.2 24 61 6.0 +7.1
SPGP Invesco S&P 500 GARP ETF 6.0 34 51 6.3 +7.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 6.0 30 55 7.0 +8.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 5.9 7 78 4.7 +5.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 5.9 24 61 5.7 +6.7
BIBL Inspire ETF 5.8 35 50 4.6 +5.6
NULG Nuveen ESG Large-Cap Growth ETF 5.8 35 50 3.6 +4.6
IJK iShares S&P Mid-Cap 400 Growth ETF 5.8 24 61 4.6 +5.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 5.8 15 70 4.7 +5.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 5.8 70 15 1.8 +2.9
VB Vanguard Small-Cap ETF 5.7 5 80 4.9 +6.0
SCHM Schwab U.S. Mid-Cap ETF 5.7 4 81 5.4 +6.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.7 30 55 5.3 +6.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 5.7 75 10 2.4 +3.4
EDEN iShares MSCI Denmark Capped ETF 5.6 53 32 5.8 +6.8
MTUM iShares MSCI USA Momentum Factor ETF 5.6 15 70 4.0 +5.1
ALFA AlphaClone Alternative Alpha ETF 5.6 65 20 -0.5 +0.6
PDP Invesco DWA Momentum ETF 5.6 62 23 2.0 +3.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 5.6 35 50 5.2 +6.2
JMOM JPMorgan U.S. Momentum Factor ETF 5.6 12 73 3.2 +4.3
QQQJ Invesco NASDAQ Next Gen 100 ETF 5.5 15 70 3.3 +4.4
VFMO Vanguard U.S. Momentum Factor ETF 5.5 13 72 0.3 +1.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 5.4 70 15 2.2 +3.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 5.4 15 70 4.7 +5.7
SCHA Schwab U.S. Small-Cap ETF 5.3 4 81 4.2 +5.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.3 17 68 4.4 +5.4
ADME Aptus Drawdown Managed Equity ETF 5.2 79 6 3.5 +4.5
SCHG Schwab U.S. Large-Cap Growth ETF 5.1 4 81 3.4 +4.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 5.1 35 50 5.4 +6.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 5.1 35 50 5.4 +6.5
ONEO SPDR Russell 1000 Momentum Focus ETF 5.1 20 65 6.0 +7.0
GNOM Global X Genomics & Biotechnology ETF 5.1 50 35 -3.1 -2.0
VXF Vanguard Extended Market Index Fund 5.1 6 79 2.9 +4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.0 6 79 4.6 +5.6
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 4.9 59 26 3.8 +4.9
IWM iShares Russell 2000 ETF 4.9 19 66 3.0 +4.1
VTWO Vanguard Russell 2000 Index Fund 4.8 10 75 3.0 +4.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 4.8 59 26 4.0 +5.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 4.8 35 50 4.2 +5.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.8 35 50 3.7 +4.8
BOSS Global X Founder-Run Companies ETF 4.7 45 40 3.0 +4.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 4.7 17 68 6.0 +7.1
JHMM John Hancock Multifactor Mid Cap ETF 4.7 42 43 5.1 +6.2
ETHO Etho Climate Leadership U.S. ETF 4.7 47 38 4.0 +5.1
STMB iShares Factors US Mid Blend Style ETF 4.7 30 55 5.3 +6.3
IWR iShares Russell Midcap ETF 4.7 19 66 5.0 +6.1
FSMD Fidelity Small-Mid Factor ETF 4.6 29 56 5.8 +6.9

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:
BlackRock Future Health 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 -1.7 %
Divided by: Fwd. P/BV 7.6 x
Less: Expense ratio 85 bp
Equals: ALTAR Score -1.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 CATEGORY
AVERAGE
1.48
 
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.