ROBO Global Healthcare Technology & Innovation ETF
ALTAR
Score™
0.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
150.9x P/Sales
ratio
6.1x
P/BV
ratio
6.4x 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) $58
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 85
Wgt avg mkt cap (mns) $25,966
Large cap (>$10bn) 50.0%
Mid cap ($2-10bn) 23.4%
Small cap (<$2bn) 23.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVOCURE LIMITED 2.2 %
CAREDX, INC. 2.0 %
QUIDEL CORP 1.8 %
DIASORIN SPA 1.7 %
STAAR SURGICAL CO 1.7 %
EXACT SCIENCES CORP 1.7 %
INSULET CORP 1.6 %
VERACYTE INC 1.5 %
FULGENT GENETICS, INC. 1.5 %
GLAUKOS CORP 1.5 %
Total 17.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 78.5 %
SWITZERLAND 4.7 %
BRITAIN 3.7 %
ITALY 1.7 %
FRANCE 1.5 %
GERMANY 1.3 %
NETHERLANDS 1.2 %
CHINA 1.2 %
SPAIN 1.1 %
BELGIUM 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
32.2% 49.0% -- -- 32.8%

Market Correlations
versus... Beta R-squared
S&P500 0.88 69%
MSCI EAFE 0.80 52%
MSCI Emg. Mkts. 0.64 54%

Technical Indicators
Recent close $37.04
30d moving avg. $35.46
Annualized volatility 23.1%
Short interest (ETF) 0.7%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 24
Turnover 1.5%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $13,057

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 0.1%


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 31.3 35 33 1.6 +1.5
FXH First Trust Health Care AlphaDEX Fund 27.5 62 6 3.9 +3.8
HELX Franklin Genomic Advancements ETF 26.7 50 18 -1.2 -1.3
JHMH John Hancock Multifactor Healthcare ETF 26.3 40 28 6.0 +5.9
RYH Invesco S&P 500 Equal Weight Health Care ETF 25.6 40 28 6.7 +6.6
GDNA Goldman Sachs Motif Human Evolution ETF 24.4 50 18 0.5 +0.4
FHLC Fidelity MSCI Health Care Index ETF 23.3 8 60 5.5 +5.3
VHT Vanguard Health Care Index Fund 23.0 10 58 5.4 +5.3
IYH iShares U.S. Healthcare ETF 21.9 43 25 6.1 +6.0
IXJ iShares Global Healthcare ETF 21.2 46 22 6.4 +6.3
IHI iShares U.S. Medical Devices ETF 20.3 42 26 3.1 +3.0
IEHS iShares Evolved U.S. Healthcare Staples ETF 20.2 18 50 5.4 +5.2
XLV Health Care Select Sector SPDR Fund 19.1 13 55 7.1 +7.0
EDOC Global X Telemedicine & Digital Health ETF 19.0 68 0 0.7 +0.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 18.5 60 8 6.3 +6.2
BMED BlackRock Future Health ETF 18.3 85 -17 -1.1 -1.3
ARKG ARK Genomic Revolution ETF 18.1 75 -7 -2.0 -2.1
LNGR Global X Longevity Thematic ETF 17.4 50 18 3.2 +3.1
PTH Invesco DWA Healthcare Momentum ETF 15.3 60 8 -4.9 -5.0
GNOM Global X Genomics & Biotechnology ETF 15.2 50 18 -3.5 -3.6
BTEC Principal Healthcare Innovators Index ETF 14.7 42 26 -2.2 -2.3
ROBO Robo Global Robotics & Automation Index ETF 13.3 95 -27 3.2 +3.1
FTC First Trust Large Cap Growth AlphaDEX Fund 13.1 61 7 2.7 +2.6
BBH VanEck Vectors Biotech ETF 13.0 35 33 3.9 +3.8
XBI SPDR S&P BIOTECH ETF 12.2 35 33 -2.1 -2.2
ARKK ARK Innovation ETF 11.0 75 -7 -2.4 -2.5
PSCH Invesco S&P SmallCap Health Care ETF 10.9 29 39 2.7 +2.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 10.7 25 43 5.7 +5.6
IQM Franklin Intelligent Machines ETF 10.6 50 18 1.7 +1.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 10.6 18 50 3.3 +3.2
FBT First Trust NYSE Arca Biotechnology Index Fund 10.5 55 13 -1.0 -1.1
IBB iShares NASDAQ Biotechnology ETF 10.3 46 22 0.5 +0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 10.3 30 38 4.6 +4.5
JKH iShares Morningstar Mid-Cap Growth ETF 9.8 30 38 2.0 +1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 9.6 66 2 2.2 +2.1
DTEC ALPS Disruptive Technologies ETF 9.6 50 18 3.1 +3.0
SPLV Invesco S&P 500 Low Volatility ETF 9.4 25 43 5.4 +5.3
ALTL Pacer Lunt Large Cap Alternator ETF 9.4 60 8 5.1 +5.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 9.3 15 53 4.1 +4.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 9.1 60 8 3.7 +3.6
VIRS Pacer BioThreat Strategy ETF 9.1 70 -2 4.5 +4.4
JKD iShares Morningstar Large-Cap ETF 9.0 20 48 5.5 +5.4
XT iShares Exponential Technologies ETF 8.7 47 21 4.8 +4.7
PEXL Pacer US Export Leaders ETF 8.6 60 8 5.8 +5.7
NULG Nuveen ESG Large-Cap Growth ETF 8.5 35 33 3.6 +3.5
PWB Invesco Dynamic Large Cap Growth ETF 8.5 56 12 3.2 +3.1
IWP iShares Russell Mid-Cap Growth ETF 8.4 24 44 2.9 +2.7
AIEQ AI Powered Equity ETF 8.3 87 -19 2.7 +2.6
HLAL Wahed FTSE USA Shariah ETF 8.3 50 18 4.3 +4.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 8.0 35 33 4.4 +4.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 8.0 59 9 4.2 +4.1
JKK iShares Morningstar Small-Cap Growth ETF 8.0 30 38 1.0 +0.9
SPMO Invesco S&P 500 Momentum ETF 7.9 13 55 3.9 +3.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 7.9 34 34 4.5 +4.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 7.9 49 19 3.9 +3.8
VBK Vanguard Small-Cap Growth Index Fund 7.6 7 61 2.2 +2.1
JMOM JPMorgan U.S. Momentum Factor ETF 7.6 12 56 3.3 +3.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 7.6 70 -2 2.0 +1.9
FDMO Fidelity Momentum Factor ETF 7.6 29 39 3.2 +3.1
PBE Invesco Dynamic Biotechnology & Genome ETF 7.5 58 10 -2.5 -2.6
VOT Vanguard Mid-Cap Growth Index Fund 7.3 7 61 3.1 +3.0
IDNA iShares Genomics Immunology & Healthcare ETF 7.2 47 21 -2.7 -2.8
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.1 49 19 4.8 +4.7
SPGP Invesco S&P 500 GARP ETF 7.1 34 34 6.6 +6.5
QQQN VictoryShares Nasdaq Next 50 ETF 7.0 18 50 3.0 +2.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 7.0 60 8 3.0 +2.9
VFMO Vanguard U.S. Momentum Factor ETF 7.0 13 55 0.7 +0.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.0 75 -7 2.3 +2.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 7.0 15 53 3.6 +3.5
TPLC Timothy Plan US Large Cap Core ETF 6.8 52 16 5.1 +5.0
FEX First Trust Large Cap Core AlphaDEX Fund 6.8 60 8 5.7 +5.6
SPXT ProShares S&P 500 Ex-Technology ETF 6.8 27 41 5.4 +5.3
KRMA Global X Conscious Companies ETF 6.8 43 25 5.0 +4.9
BIBL Inspire ETF 6.7 35 33 4.7 +4.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 6.7 35 33 5.5 +5.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 6.7 35 33 5.5 +5.4
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 6.7 65 3 3.2 +3.1
JMIN JPMorgan U.S. Minimum Volatility ETF 6.6 12 56 5.4 +5.3
MMLG First Trust Multi-Manager Large Growth ETF 6.6 85 -17 2.0 +1.9
IWO iShares Russell 2000 Growth ETF 6.6 24 44 -0.1 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 6.5 4 64 3.4 +3.3
MGK Vanguard Mega Cap Growth ETF 6.5 7 61 3.9 +3.8
GERM ETFMG Treatments Testing and Advancements ETF 6.5 68 0 -2.9 -3.0
ESGV Vanguard ESG U.S. Stock ETF 6.4 12 56 4.9 +4.8
RPG Invesco S&P 500 Pure Growth ETF 6.4 35 33 4.3 +4.2
VUG Vanguard Growth Index Fund 6.4 4 64 3.8 +3.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 6.2 35 33 5.3 +5.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 6.2 60 8 3.9 +3.8
NUMG Nuveen ESG Mid-Cap Growth ETF 6.1 40 28 2.0 +1.9
THNQ ROBO Global Artificial Intelligence ETF 6.0 68 0 1.6 +1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 6.0 9 59 5.8 +5.7
NULC Nuveen ESG Large-Cap ETF 5.9 20 48 4.9 +4.8
KOMP SPDR Kensho New Economies Composite ETF 5.9 20 48 2.2 +2.1
VOOG Vanguard S&P 500 Growth ETF 5.9 10 58 4.1 +4.0
RFG Invesco S&P Midcap 400 Pure Growth ETF 5.8 35 33 3.8 +3.7
IWX iShares Russell Top 200 Value ETF 5.8 20 48 6.6 +6.5
SFY SoFi Select 500 ETF 5.7 0 68 4.9 +4.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.7 30 38 5.4 +5.3
RFFC RiverFront Dynamic US Flex-Cap ETF 5.7 52 16 4.8 +4.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 5.7 20 48 7.3 +7.2

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 4.8 %
Divided by: Fwd. P/BV 6.0 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 0.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.49
 
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.