iShares NASDAQ Biotechnology ETF
ALTAR
Score™
0.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
223.3x P/Sales
ratio
7.5x
P/BV
ratio
6.1x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Nasdaq Biotechnology Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of companies primarily engaged in the biotechnology industry, as represented by the NASDAQ Biotechnology Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Feb 05, 2001
Assets (mns) $9,552
Currency USD
Expense ratio 47 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 208
Wgt avg mkt cap (mns) $41,174
Large cap (>$10bn) 57.9%
Mid cap ($2-10bn) 28.7%
Small cap (<$2bn) 13.4%
Developed mkts 99.1%
Emerging mkts 0.9%

TOP TEN HOLDINGS
AMGEN INC 8.1 %
VERTEX PHARMACEUTICALS INC 7.8 %
GILEAD SCIENCES INC 7.8 %
REGENERON PHARMACEUTICALS 6.6 %
ILLUMINA INC 5.7 %
BIOGEN IDEC INC 3.4 %
SEATTLE GENETICS INC 3.1 %
MODERNA, INC. 2.7 %
ALEXION PHARMACEUTICALS INC 2.6 %
INCYTE CORP 2.4 %
Total 50.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 88.8 %
IRELAND 2.5 %
BRITAIN 2.0 %
CHINA 1.8 %
FRANCE 1.2 %
NETHERLANDS 0.8 %
DENMARK 0.7 %
SWITZERLAND 0.6 %
SPAIN 0.3 %
CANADA 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
13.6% 25.6% 2.4% 18.4% 7.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 57%
MSCI EAFE 0.93 42%
MSCI Emg. Mkts. 0.72 40%

Technical Indicators
Recent close $138.54
30d moving avg. $133.83
Annualized volatility 22.7%
Short interest (ETF) 31.5%
Short interest (Underlying) 5.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 4,064
Turnover 5.9%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $18,284

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares NASDAQ Biotechnology ETF ETF based on the alternatives' overlap in portfolio holdings with IBB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IBB Expense: 47 bp ALTAR Score™: 0.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IBB
Ticker Fund
Name
Overlap1
vs IBB
(%)
Expense
ratio
(bp)
Savings
vs IBB
(bp)
ALTAR
Score™
(%)
ALTAR
vs IBB
(%)
BBH VanEck Vectors Biotech ETF 56.6 35 12 3.8 +3.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 54.3 18 29 2.9 +2.8
FBT First Trust NYSE Arca Biotechnology Index Fund 40.1 55 -8 -0.9 -1.1
BTEC Principal Healthcare Innovators Index ETF 39.4 42 5 -2.4 -2.6
XBI SPDR S&P BIOTECH ETF 35.7 35 12 -2.5 -2.7
PBE Invesco Dynamic Biotechnology & Genome ETF 31.9 57 -10 -1.8 -1.9
FXH First Trust Health Care AlphaDEX Fund 28.9 62 -15 4.4 +4.2
PJP Invesco Dynamic Pharmaceuticals ETF 22.6 56 -9 10.9 +10.7
LNGR Global X Longevity Thematic ETF 22.4 50 -3 3.1 +2.9
IDNA iShares Genomics Immunology & Healthcare ETF 21.5 47 0 -2.9 -3.1
FHLC Fidelity MSCI Health Care Index ETF 19.8 8 39 5.5 +5.3
GDNA Goldman Sachs Motif Human Evolution ETF 19.7 50 -3 0.3 +0.1
VHT Vanguard Health Care Index Fund 19.5 10 37 5.4 +5.2
JHMH John Hancock Multifactor Healthcare ETF 18.4 40 7 6.1 +5.9
GNOM Global X Genomics & Biotechnology ETF 18.1 68 -21 -3.9 -4.1
IYH iShares U.S. Healthcare ETF 17.9 43 4 6.1 +5.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.7 60 -13 3.7 +3.5
HELX Franklin Genomic Advancements ETF 15.9 50 -3 -1.8 -1.9
PTH Invesco DWA Healthcare Momentum ETF 15.9 60 -13 -2.4 -2.6
IWO iShares Russell 2000 Growth ETF 15.6 24 23 0.8 +0.6
NIFE Direxion Fallen Knives ETF 15.5 50 -3 2.4 +2.2
BBC Virtus LifeSci Biotech Clinical Trials ETF 15.4 79 -32 -1.4 -1.6
VTWG Vanguard Russell 2000 Growth Index Fund 15.2 15 32 0.8 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 14.9 13 34 1.2 +1.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 14.1 40 7 6.5 +6.4
XLV Health Care Select Sector SPDR Fund 13.9 13 34 7.1 +6.9
CNCR Loncar Cancer Immunotherapy ETF 13.8 79 -32 -2.9 -3.0
ARKG ARK Genomic Revolution Multi-Sector ETF 13.3 75 -28 0.0 -0.2
FTCS First Trust Capital Strength ETF 11.8 58 -11 4.9 +4.8
VBK Vanguard Small-Cap Growth Index Fund 11.5 7 40 2.4 +2.3
HTEC ROBO Global Healthcare Technology & Innovation ETF 10.7 68 -21 0.2 -0.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 10.7 70 -23 2.1 +1.9
SBIO ALPS Medical Breakthroughs ETF 10.6 50 -3 -1.9 -2.1
IWM iShares Russell 2000 ETF 10.3 19 28 3.7 +3.5
XT iShares Exponential Technologies ETF 10.1 47 0 5.1 +5.0
VTWO Vanguard Russell 2000 Index Fund 10.1 10 37 3.7 +3.5
CACG ClearBridge All Cap Growth ETF 10.0 54 -7 4.4 +4.2
TECB iShares US Tech Breakthrough Multisector ETF 10.0 40 7 4.0 +3.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 9.8 59 -12 4.2 +4.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 9.8 35 12 4.4 +4.3
IXJ iShares Global Healthcare ETF 9.3 46 1 6.3 +6.1
JKK iShares Morningstar Small-Cap Growth ETF 9.3 30 17 1.1 +1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 9.1 30 17 5.1 +4.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.1 34 13 4.9 +4.7
GERM ETFMG Treatments Testing and Advancements ETF 9.0 68 -21 -3.1 -3.2
SCHA Schwab U.S. Small-Cap ETF 8.7 4 43 4.7 +4.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 8.4 66 -19 2.5 +2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 8.3 17 30 5.2 +5.0
SDG iShares Sustainable MSCI Global Impact ETF 8.3 49 -2 5.9 +5.7
BIBL Inspire ETF 8.2 35 12 4.9 +4.7
QVAL Alpha Architect U.S. Quantitative Value ETF 8.1 49 -2 12.4 +12.3
COWZ Pacer US Cash Cows 100 ETF 8.0 49 -2 10.9 +10.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 8.0 15 32 4.2 +4.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 7.9 6 41 5.4 +5.2
IWC iShares Micro-Cap ETF 7.7 60 -13 -3.9 -4.0
FDG American Century Focused Dynamic Growth ETF 7.6 45 2 1.8 +1.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 7.6 60 -13 6.3 +6.1
DWAS Invesco DWA SmallCap Momentum ETF 7.4 60 -13 -1.1 -1.3
NUSC Nuveen ESG Small-Cap ETF 7.4 40 7 5.4 +5.2
QGRO American Century STOXX U.S. Quality Growth ETF 7.3 29 18 3.2 +3.0
BKSE BNY Mellon US Small Cap Core Equity ETF 7.2 4 43 5.7 +5.6
VXF Vanguard Extended Market Index Fund 7.2 7 40 3.8 +3.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 7.1 29 18 1.8 +1.6
SFYX Sofi Next 500 ETF 7.1 0 47 6.0 +5.8
JKH iShares Morningstar Mid-Cap Growth ETF 7.1 30 17 2.3 +2.1
AIEQ AI Powered Equity ETF 7.0 87 -40 3.7 +3.5
FMK First Trust Mega Cap AlphaDEX Fund 7.0 70 -23 5.2 +5.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 7.0 21 26 3.0 +2.8
VB Vanguard Small-Cap ETF 6.9 5 42 5.4 +5.2
BOUT Innovator IBD Breakout Opportunities ETF 6.8 84 -37 3.2 +3.1
BOSS Global X Founder-Run Companies ETF 6.8 45 2 3.7 +3.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 6.7 75 -28 2.1 +1.9
IHE iShares U.S. Pharmaceuticals ETF 6.5 42 5 5.6 +5.4
KNOW Direxion All Cap Insider Sentiment Shares 6.5 66 -19 5.0 +4.8
XPH SPDR S&P Pharmaceuticals ETF 6.4 35 12 4.5 +4.3
AUSF Global X Adaptive U.S. Factor ETF 6.4 27 20 8.0 +7.9
ENTR Entrepreneur 30 Fund 6.3 49 -2 2.6 +2.4
PWC Invesco Dynamic Market ETF 6.2 59 -12 4.9 +4.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 6.1 7 40 5.5 +5.4
SHE SPDR SSGA Gender Diversity Index ETF 6.0 20 27 5.5 +5.3
ARKK ARK Innovation ETF 6.0 75 -28 -2.9 -3.1
PKW Invesco Buyback Achievers ETF 5.8 62 -15 6.9 +6.7
FDMO Fidelity Momentum Factor ETF 5.8 29 18 3.9 +3.7
NUSI Nationwide Risk-Managed Income ETF 5.7 68 -21 3.5 +3.3
QYLD Global X NASDAQ 100 Covered Call ETF 5.7 60 -13 3.5 +3.3
QQQ Invesco QQQ Trust 5.5 20 27 3.9 +3.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.5 24 23 7.3 +7.1
FYC First Trust Small Cap Growth AlphaDEX Fund 5.4 70 -23 2.5 +2.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 5.4 30 17 5.7 +5.5
FNX First Trust Mid Cap Core AlphaDEX Fund 5.4 61 -14 6.4 +6.3
LRGF iShares Edge MSCI Multifactor USA ETF 5.4 20 27 7.4 +7.2
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 5.3 59 -12 3.7 +3.5
SFYF SoFi 50 ETF 5.3 29 18 5.4 +5.2
TUSA First Trust Total US Market AlphaDEX ETF 5.3 70 -23 6.0 +5.9
USMF WisdomTree U.S. Multifactor Fund 5.2 28 19 5.5 +5.3
JHSC John Hancock Multifactor Small Cap ETF 5.2 42 5 6.0 +5.8
LRGE ClearBridge Large Cap Growth ESG ETF 5.1 59 -12 3.8 +3.7
HDV iShares Core High Dividend ETF 5.1 8 39 6.8 +6.6
IPO Renaissance IPO ETF 5.1 60 -13 23.9 +23.7
USMV iShares Edge MSCI Min Vol USA ETF 5.0 15 32 5.5 +5.3

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:
iShares NASDAQ Biotechnology 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 3.8 %
Divided by: Fwd. P/BV 5.9 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 0.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.52
 
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.