ROBO Global Healthcare Technology & Innovation ETF
ALTAR
Score™
0.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
81.2x P/Sales
ratio
5.3x
P/BV
ratio
6.7x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The ROBO Global Healthcare Technology and Innovation ETF tracks a market-cap selected and weighted index of global healthcare technology companies.

FUND BASICS
Category Global Equities
Fund Sponsor Exchange Traded Concepts
Website roboglobaletfs.com
Inception date Jun 24, 2019
Assets (mns) $150
Currency USD
Expense ratio 68 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 82
Wgt avg mkt cap (mns) $27,812
Large cap (>$10bn) 49.9%
Mid cap ($2-10bn) 29.4%
Small cap (<$2bn) 17.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EDITAS MEDICINE, INC. 2.9 %
3D SYSTEMS CORP 2.2 %
IRHYTHM TECHNOLOGIES, INC. 1.8 %
NATERA INC 1.8 %
TABULA RASA HEALTHCARE, INC. 1.8 %
CAREDX, INC. 1.7 %
GLAUKOS CORP 1.6 %
ABIOMED INC 1.6 %
VOCERA COMMUNICATIONS INC 1.6 %
INTEGRA LIFESCIENCES HOLDING 1.6 %
Total 18.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.5 %
SWITZERLAND 3.5 %
BRITAIN 1.7 %
FRANCE 1.4 %
GERMANY 1.4 %
ITALY 1.2 %
LUXEMBOURG 1.2 %
BELGIUM 1.2 %
NETHERLANDS 1.2 %
SPAIN 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
65.0% 65.0% -- -- 47.7%

Market Correlations
versus... Beta R-squared
S&P500 0.91 72%
MSCI EAFE 0.78 60%
MSCI Emg. Mkts. 0.71 58%

Technical Indicators
Recent close $46.85
30d moving avg. $43.82
Annualized volatility 23.4%
Short interest (ETF) 0.5%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 49
Turnover 1.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $16,324

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the ROBO Global Healthcare Technology & Innovation ETF ETF based on the alternatives' overlap in portfolio holdings with HTEC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: HTEC Expense: 68 bp ALTAR Score™: 0.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HTEC
Ticker Fund
Name
Overlap1
vs HTEC
(%)
Expense
ratio
(bp)
Savings
vs HTEC
(bp)
ALTAR
Score™
(%)
ALTAR
vs HTEC
(%)
XHE SPDR S&P Health Care Equipment ETF 32.8 35 33 0.6 -0.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 27.0 40 28 6.4 +5.5
JHMH John Hancock Multifactor Healthcare ETF 25.5 40 28 5.8 +5.0
HELX Franklin Genomic Advancements ETF 23.1 50 18 -1.3 -2.2
FHLC Fidelity MSCI Health Care Index ETF 22.7 8 60 5.2 +4.3
VHT Vanguard Health Care Index Fund 22.7 10 58 5.2 +4.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 22.2 18 50 5.0 +4.1
IYH iShares U.S. Healthcare ETF 21.9 43 25 6.0 +5.1
IHI iShares U.S. Medical Devices ETF 21.4 42 26 3.1 +2.2
FXH First Trust Health Care AlphaDEX Fund 21.3 62 6 4.6 +3.7
IXJ iShares Global Healthcare ETF 21.0 46 22 6.2 +5.3
XLV Health Care Select Sector SPDR Fund 19.8 13 55 7.0 +6.1
LNGR Global X Longevity Thematic ETF 18.9 50 18 2.9 +2.0
EDOC Global X Telemedicine & Digital Health ETF 16.3 68 0 1.0 +0.2
ARKG ARK Genomic Revolution ETF 15.6 75 -7 -2.1 -3.0
GNOM Global X Genomics & Biotechnology ETF 14.6 50 18 -3.0 -3.9
ROBO Robo Global Robotics & Automation Index ETF 14.4 95 -27 2.4 +1.5
BMED BlackRock Future Health ETF 13.7 85 -17 -0.9 -1.8
BTEC Principal Healthcare Innovators Index ETF 12.2 42 26 -2.5 -3.4
BBH VanEck Vectors Biotech ETF 12.0 35 33 4.0 +3.1
IQM Franklin Intelligent Machines ETF 11.7 50 18 1.4 +0.5
RPG Invesco S&P 500 Pure Growth ETF 11.2 35 33 2.8 +1.9
ANEW ProShares MSCI Transformational Changes ETF 10.9 45 23 2.5 +1.6
FBT First Trust NYSE Arca Biotechnology Index Fund 10.8 55 13 -1.4 -2.3
FTC First Trust Large Cap Growth AlphaDEX Fund 10.8 61 7 2.3 +1.4
PSCH Invesco S&P SmallCap Health Care ETF 10.7 29 39 2.8 +1.9
JKH iShares Morningstar Mid-Cap Growth ETF 10.5 30 38 1.9 +1.0
PTH Invesco DWA Healthcare Momentum ETF 10.5 60 8 -2.3 -3.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 10.2 18 50 3.7 +2.8
DTEC ALPS Disruptive Technologies ETF 10.2 50 18 2.8 +1.9
JOET Virtus Terranova US Quality Momentum ETF 10.2 29 39 4.7 +3.8
RBUS Nationwide Risk-Based U.S. Equity ETF 10.1 30 38 4.6 +3.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 9.8 75 -7 2.1 +1.2
XBI SPDR S&P BIOTECH ETF 9.1 35 33 -2.3 -3.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 8.9 25 43 5.9 +5.0
PEXL Pacer US Export Leaders ETF 8.7 60 8 4.7 +3.8
VIRS Pacer BioThreat Strategy ETF 8.7 70 -2 4.9 +4.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 8.7 60 8 4.5 +3.6
SPLV Invesco S&P 500 Low Volatility ETF 8.7 25 43 5.6 +4.7
HLAL Wahed FTSE USA Shariah ETF 8.2 50 18 3.9 +3.0
JMIN JPMorgan U.S. Minimum Volatility ETF 8.1 12 56 5.3 +4.4
IBB iShares NASDAQ Biotechnology ETF 8.1 46 22 0.1 -0.8
DEF Invesco Defensive Equity ETF 8.0 55 13 5.3 +4.4
JKK iShares Morningstar Small-Cap Growth ETF 8.0 30 38 0.6 -0.3
IWP iShares Russell Mid-Cap Growth ETF 8.0 24 44 2.7 +1.8
JKE iShares Morningstar Large-Cap Growth ETF 7.9 25 43 2.3 +1.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 7.9 34 34 4.4 +3.5
TPLC Timothy Plan US Large Cap Core ETF 7.9 52 16 4.5 +3.6
QQQJ Invesco NASDAQ Next Gen 100 ETF 7.8 15 53 2.6 +1.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 7.8 66 2 1.8 +0.9
SPMO Invesco S&P 500 Momentum ETF 7.7 13 55 4.0 +3.1
ARKK ARK Innovation ETF 7.6 75 -7 -1.6 -2.5
BIBL Inspire ETF 7.6 35 33 4.4 +3.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 7.6 49 19 3.5 +2.7
XT iShares Exponential Technologies ETF 7.6 47 21 4.6 +3.7
FDMO Fidelity Momentum Factor ETF 7.6 29 39 2.5 +1.6
VOT Vanguard Mid-Cap Growth Index Fund 7.6 7 61 2.7 +1.8
ESGV Vanguard ESG U.S. Stock ETF 7.6 12 56 4.6 +3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 7.5 65 3 3.1 +2.3
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF 7.3 50 18 3.4 +2.5
USMV iShares Edge MSCI Min Vol USA ETF 7.2 15 53 5.4 +4.5
NULC Nuveen ESG Large-Cap ETF 7.1 20 48 4.3 +3.4
SIXL 6 Meridian Low Beta Equity Strategy ETF 7.1 84 -16 4.2 +3.3
VBK Vanguard Small-Cap Growth Index Fund 7.1 7 61 1.9 +1.1
KRMA Global X Conscious Companies ETF 7.0 43 25 4.9 +4.0
JMOM JPMorgan U.S. Momentum Factor ETF 7.0 12 56 3.0 +2.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 7.0 59 9 4.1 +3.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 7.0 35 33 4.4 +3.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 6.7 35 33 3.4 +2.5
SCHG Schwab U.S. Large-Cap Growth ETF 6.5 4 64 3.3 +2.4
MMLG First Trust Multi-Manager Large Growth ETF 6.5 85 -17 1.9 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 6.5 27 41 4.9 +4.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 6.5 35 33 5.1 +4.2
NULG Nuveen ESG Large-Cap Growth ETF 6.5 35 33 3.0 +2.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 6.4 35 33 5.1 +4.2
MGK Vanguard Mega Cap Growth ETF 6.4 7 61 3.8 +2.9
NUMG Nuveen ESG Mid-Cap Growth ETF 6.4 40 28 2.0 +1.1
QGRO American Century STOXX U.S. Quality Growth ETF 6.4 29 39 3.7 +2.9
VUG Vanguard Growth Index Fund 6.3 4 64 3.6 +2.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 6.3 9 59 5.0 +4.1
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 6.2 60 8 3.6 +2.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 6.1 60 8 3.7 +2.8
MFMS Motley Fool Small-Cap Growth ETF 6.1 85 -17 0.5 -0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 6.1 35 33 5.1 +4.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 6.0 70 -2 1.6 +0.7
MTUM iShares MSCI USA Momentum Factor ETF 6.0 15 53 2.3 +1.4
IWO iShares Russell 2000 Growth ETF 6.0 24 44 -0.1 -1.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 6.0 16 52 4.4 +3.5
JKD iShares Morningstar Large-Cap ETF 6.0 20 48 4.8 +3.9
SPYG SPDR Portfolio S&P 500 Growth ETF 5.9 4 64 3.8 +2.9
IVW iShares S&P 500 Growth ETF 5.9 18 50 3.7 +2.8
VOOG Vanguard S&P 500 Growth ETF 5.9 10 58 4.1 +3.2
IUSG iShares Core S&P US Growth ETF 5.9 4 64 3.8 +2.9
QQQN VictoryShares Nasdaq Next 50 ETF 5.9 18 50 2.9 +2.0
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 5.7 69 -1 4.1 +3.3
GERM ETFMG Treatments Testing and Advancements ETF 5.7 68 0 -2.4 -3.3
ENTR Entrepreneur 30 Fund 5.6 49 19 -1.0 -1.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 5.6 12 56 4.1 +3.2
SFY SoFi Select 500 ETF 5.5 0 68 4.6 +3.8

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:
ROBO Global Healthcare Technology & Innovation 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 9.5 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 0.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.