Defiance Nasdaq Junior Biotechnology ETF
ALTAR
Score™
-2.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-18.1x P/Sales
ratio
10.8x
P/BV
ratio
12.2x Div.
yield
0.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IBBJ tracks a market-cap-weighted index of small-cap, global biotech and pharmaceutical companies listed on the NASDAQ.

FUND BASICS
Category Global Equities
Fund Sponsor Defiance ETFs
Website www.defianceetfs.com
Inception date Aug 03, 2020
Assets (mns) $6
Currency USD
Expense ratio 45 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 173
Wgt avg mkt cap (mns) $3,841
Large cap (>$10bn) 7.0%
Mid cap ($2-10bn) 54.0%
Small cap (<$2bn) 37.5%
Developed mkts 97.1%
Emerging mkts 2.9%

TOP TEN HOLDINGS
MYOKARDIA, INC. 3.9 %
MIRATI THERAPEUTICS INC 3.0 %
ADAPTIVE BIOTECHNOLOGIES CORP. 2.3 %
ARGENX SE ADR 2.2 %
CRISPR THERAPEUTICS AG 2.2 %
EXELIXIS INC 2.1 %
ACCELERON PHARMA INC 2.1 %
ARROWHEAD PHARMACEUTICALS, INC. 2.0 %
UNITED THERAPEUTICS CORP 2.0 %
BLUEPRINT MEDICINES CORP. 1.9 %
Total 23.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 85.2 %
CHINA 3.0 %
NETHERLANDS 2.9 %
SWITZERLAND 2.3 %
IRELAND 1.4 %
BRITAIN 1.1 %
SPAIN 0.7 %
CANADA 0.7 %
HONG KONG 0.5 %
DENMARK 0.5 %

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.
2.6% -- -- -- 2.6%

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

Technical Indicators
Recent close $27.91
30d moving avg. $27.37
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 6
Turnover 3.0%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $4,296

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IBBJ Expense: 45 bp ALTAR Score™: -2.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IBBJ
Ticker Fund
Name
Overlap1
vs IBBJ
(%)
Expense
ratio
(bp)
Savings
vs IBBJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs IBBJ
(%)
XBI SPDR S&P BIOTECH ETF 48.3 35 10 -2.1 -0.1
BTEC Principal Healthcare Innovators Index ETF 46.2 42 3 -2.2 -0.1
BBC Virtus LifeSci Biotech Clinical Trials ETF 36.5 79 -34 0.0 +2.1
SBIO ALPS Medical Breakthroughs ETF 34.7 50 -5 -1.7 +0.3
IBB iShares NASDAQ Biotechnology ETF 32.6 46 -1 0.5 +2.6
IDNA iShares Genomics Immunology & Healthcare ETF 23.5 47 -2 -2.8 -0.7
PBE Invesco Dynamic Biotechnology & Genome ETF 20.9 58 -13 -2.6 -0.5
GNOM Global X Genomics & Biotechnology ETF 19.3 50 -5 -3.5 -1.5
GDNA Goldman Sachs Motif Human Evolution ETF 17.6 50 -5 0.6 +2.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 16.4 18 27 3.4 +5.5
IWO iShares Russell 2000 Growth ETF 15.3 24 21 -0.1 +1.9
ARKG ARK Genomic Revolution ETF 13.6 75 -30 -2.0 +0.1
BMED BlackRock Future Health ETF 13.5 85 -40 -1.2 +0.9
CNCR Loncar Cancer Immunotherapy ETF 13.3 79 -34 -2.7 -0.6
VTWG Vanguard Russell 2000 Growth Index Fund 13.2 15 30 0.1 +2.2
IHE iShares U.S. Pharmaceuticals ETF 13.1 42 3 5.5 +7.6
FBT First Trust NYSE Arca Biotechnology Index Fund 12.0 55 -10 -1.0 +1.1
HELX Franklin Genomic Advancements ETF 11.6 50 -5 -1.2 +0.8
JKK iShares Morningstar Small-Cap Growth ETF 11.3 30 15 1.0 +3.1
XPH SPDR S&P Pharmaceuticals ETF 11.1 35 10 4.1 +6.1
PTH Invesco DWA Healthcare Momentum ETF 10.1 60 -15 -5.1 -3.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 10.0 29 16 0.2 +2.2
ARKK ARK Innovation ETF 9.9 75 -30 -2.4 -0.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 9.5 70 -25 2.1 +4.2
IWM iShares Russell 2000 ETF 9.1 19 26 3.4 +5.4
VTWO Vanguard Russell 2000 Index Fund 9.0 10 35 3.6 +5.7
FYC First Trust Small Cap Growth AlphaDEX Fund 8.8 70 -25 1.9 +4.0
DWAS Invesco DWA SmallCap Momentum ETF 8.2 60 -15 -2.1 -0.0
IWC iShares Micro-Cap ETF 7.9 60 -15 -3.9 -1.9
SCHA Schwab U.S. Small-Cap ETF 7.7 4 41 4.8 +6.9
STSB iShares Factors US Small Blend Style ETF 7.6 35 10 3.7 +5.8
GERM ETFMG Treatments Testing and Advancements ETF 7.5 68 -23 -3.0 -0.9
FTXH First Trust Nasdaq Pharmaceuticals ETF 7.0 60 -15 12.1 +14.1
JHSC John Hancock Multifactor Small Cap ETF 6.6 42 3 5.6 +7.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 6.6 20 25 4.9 +6.9
IJK iShares S&P Mid-Cap 400 Growth ETF 6.3 24 21 5.0 +7.0
BKSE BNY Mellon US Small Cap Core Equity ETF 6.2 4 41 5.7 +7.8
VBK Vanguard Small-Cap Growth Index Fund 6.2 7 38 2.3 +4.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 6.1 17 28 4.9 +6.9
PSC Principal U.S. Small Cap Index ETF 6.1 38 7 6.9 +9.0
NUSC Nuveen ESG Small-Cap ETF 6.0 40 5 4.8 +6.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 5.9 6 39 5.2 +7.2
VFMO Vanguard U.S. Momentum Factor ETF 5.9 13 32 0.7 +2.8
PSCH Invesco S&P SmallCap Health Care ETF 5.7 29 16 2.8 +4.9
ALFA AlphaClone Alternative Alpha ETF 5.3 65 -20 -0.5 +1.6
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 5.1 24 21 6.6 +8.6
PJP Invesco Dynamic Pharmaceuticals ETF 5.1 56 -11 13.5 +15.5
CSML IQ Chaikin U.S. Small Cap ETF 5.1 35 10 3.9 +6.0
FXH First Trust Health Care AlphaDEX Fund 4.8 62 -17 4.0 +6.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 4.8 68 -23 0.1 +2.2
FNX First Trust Mid Cap Core AlphaDEX Fund 4.8 61 -16 6.5 +8.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 4.7 66 -21 2.3 +4.4
RYJ Invesco Raymond James SB-1 Equity ETF 4.6 76 -31 3.4 +5.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 4.4 35 10 4.0 +6.0
AFSM First Trust Active Factor Small Cap ETF 4.3 75 -30 5.6 +7.6
FHLC Fidelity MSCI Health Care Index ETF 4.3 8 37 5.7 +7.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 4.3 20 25 4.7 +6.8
VHT Vanguard Health Care Index Fund 4.2 10 35 5.6 +7.7
KOMP SPDR Kensho New Economies Composite ETF 4.1 20 25 2.3 +4.4
SQLV Legg Mason Small-Cap Quality Value 4.0 62 -17 6.5 +8.6
VFLQ Vanguard U.S. Liquidity Factor ETF 4.0 14 31 4.2 +6.3
VB Vanguard Small-Cap ETF 3.8 5 40 5.3 +7.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 3.8 29 16 5.1 +7.2
MFMS Motley Fool Small-Cap Growth ETF 3.8 85 -40 -1.5 +0.6
VXF Vanguard Extended Market Index Fund 3.6 6 39 3.6 +5.6
FYX First Trust Small Cap Core AlphaDEX Fund 3.6 63 -18 6.2 +8.3
SMDY Syntax Stratified MidCap ETF 3.5 30 15 6.8 +8.9
CHNA Loncar China BioPharma ETF 3.5 79 -34 3.4 +5.5
PDP Invesco DWA Momentum ETF 3.5 62 -17 2.4 +4.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 3.5 30 15 7.6 +9.7
LNGR Global X Longevity Thematic ETF 3.2 50 -5 3.3 +5.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 3.0 30 15 5.6 +7.7
PGJ Invesco Golden Dragon China ETF 3.0 70 -25 3.3 +5.4
CHB Global X China Biotech Innovation ETF 3.0 65 -20 0.9 +3.0
SFYX Sofi Next 500 ETF 2.8 0 45 5.9 +7.9
BOSS Global X Founder-Run Companies ETF 2.8 45 0 3.3 +5.4
SSLY Syntax Stratified SmallCap ETF 2.8 30 15 6.6 +8.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 2.7 40 5 7.3 +9.4
AADR AdvisorShares Dorsey Wright ADR ETF 2.7 110 -65 3.6 +5.7
MJ ETFMG Alternative Harvest ETF 2.7 75 -30 -4.8 -2.8
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 2.7 125 -80 -3.1 -1.1
CNBS Amplify Seymour Cannabis ETF 2.7 75 -30 -9.8 -7.7
ISMD Inspire Small/Mid Cap Impact ETF 2.6 60 -15 5.0 +7.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 2.5 39 6 4.6 +6.7
TOKE Cambria Cannabis ETF 2.5 42 3 -4.1 -2.0
YOLO AdvisorShares Pure Cannabis ETF 2.5 74 -29 -12.8 -10.7
AIIQ AI Powered International Equity ETF 2.5 79 -34 3.3 +5.4
FDG American Century Focused Dynamic Growth ETF 2.5 45 0 1.7 +3.7
ROGS Hartford Multifactor Global Small Cap ETF 2.5 34 11 8.3 +10.3
JSML Janus Henderson Small Cap Growth Alpha ETF 2.4 30 15 8.1 +10.2
IJT iShares S&P Small-Cap 600 Growth ETF 2.4 25 20 5.5 +7.6
SLYG SPDR S&P 600 Small Cap Growth ETF 2.4 15 30 5.4 +7.5
VIOO Vanguard S&P Small-Cap 600 ETF 2.4 10 35 7.0 +9.1
FSMD Fidelity Small-Mid Factor ETF 2.4 29 16 6.3 +8.4
IWN iShares Russell 2000 Value ETF 2.3 24 21 6.9 +8.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.3 15 30 8.9 +11.0
JHMH John Hancock Multifactor Healthcare ETF 2.3 40 5 6.4 +8.4
SPSM SPDR Portfolio Small Cap ETF 2.3 5 40 7.1 +9.2
XMMO Invesco S&P MidCap Momentum ETF 2.3 34 11 3.9 +6.0
IJR iShares Core S&P Small Cap ETF 2.3 6 39 7.1 +9.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:
Defiance Nasdaq Junior 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 -48.6 %
Divided by: Fwd. P/BV 30.3 x
Less: Expense ratio 45 bp
Equals: ALTAR Score -2.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 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.