iShares Evolved U.S. Healthcare Staples ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.9x P/Sales
ratio
1.3x
P/BV
ratio
3.5x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IEHS tracks an index that offers US healthcare exposure as defined by the iShares Evolved Sector classification scheme.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2018
Assets (mns) $14
Currency USD
Expense ratio 18 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 160
Wgt avg mkt cap (mns) $111,076
Large cap (>$10bn) 90.2%
Mid cap ($2-10bn) 8.1%
Small cap (<$2bn) 1.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 11.3 %
ABBOTT LABORATORIES 8.4 %
MEDTRONIC PLC 6.3 %
JOHNSON & JOHNSON 5.3 %
THERMO FISHER SCIENTIFIC INC 3.9 %
DANAHER CORP 3.3 %
INTUITIVE SURGICAL INC 3.2 %
STRYKER CORP 3.0 %
BECTON DICKINSON AND CO 3.0 %
CVS CAREMARK CORP 2.8 %
Total 50.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.3 %
IRELAND 6.7 %
BRITAIN 0.2 %
NETHERLANDS 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.6% 12.4% -- -- 11.0%

Market Correlations
versus... Beta R-squared
S&P500 0.86 79%
MSCI EAFE 0.83 61%
MSCI Emg. Mkts. 0.64 53%

Technical Indicators
Recent close $31.12
30d moving avg. $30.28
Annualized volatility 19.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 13
Turnover 2.9%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $23,086

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IEHS Expense: 18 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEHS
Ticker Fund
Name
Overlap1
vs IEHS
(%)
Expense
ratio
(bp)
Savings
vs IEHS
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEHS
(%)
XLV Health Care Select Sector SPDR Fund 60.5 13 5 7.0 +1.5
IYH iShares U.S. Healthcare ETF 59.0 43 -25 6.1 +0.5
FHLC Fidelity MSCI Health Care Index ETF 58.6 8 10 5.6 +0.0
VHT Vanguard Health Care Index Fund 58.4 10 8 5.5 -0.1
JHMH John Hancock Multifactor Healthcare ETF 56.4 40 -22 6.0 +0.4
IHI iShares U.S. Medical Devices ETF 47.9 43 -25 3.5 -2.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 47.8 40 -22 6.5 +0.9
IXJ iShares Global Healthcare ETF 44.0 46 -28 6.3 +0.7
FXH First Trust Health Care AlphaDEX Fund 33.9 62 -44 4.4 -1.2
GDNA Goldman Sachs Motif Human Evolution ETF 32.1 50 -32 0.3 -5.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 31.9 60 -42 6.3 +0.7
IHF iShares U.S. Healthcare Providers ETF 29.1 43 -25 7.2 +1.6
XHE SPDR S&P Health Care Equipment ETF 25.5 35 -17 1.9 -3.7
LNGR Global X Longevity Thematic ETF 22.5 50 -32 3.2 -2.4
XHS SPDR S&P Health Care Services ETF 21.2 35 -17 5.4 -0.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 20.9 68 -50 0.6 -5.0
HLAL Wahed FTSE USA Shariah ETF 19.4 50 -32 4.8 -0.8
MGV Vanguard Mega Cap Value ETF 18.0 7 11 7.2 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 17.7 4 14 7.4 +1.9
IVE iShares S&P 500 Value ETF 17.7 18 0 7.3 +1.7
VOOV Vanguard S&P 500 Value ETF 17.5 15 3 7.3 +1.8
IUSV iShares Core S&P U.S. Value ETF 17.3 4 14 7.5 +2.0
VTV Vanguard Value Index Fund 17.3 4 14 7.4 +1.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 16.9 15 3 4.8 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.7 60 -42 4.6 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 16.3 27 -9 5.8 +0.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.2 17 1 7.1 +1.5
RWL Invesco S&P 500 Revenue ETF 15.5 39 -21 7.0 +1.4
AIEQ AI Powered Equity ETF 15.5 87 -69 3.6 -2.0
SPLV Invesco S&P 500 Low Volatility ETF 15.5 25 -7 5.8 +0.2
RBUS Nationwide Risk-Based U.S. Equity ETF 14.9 30 -12 5.2 -0.4
IWX iShares Russell Top 200 Value ETF 14.9 20 -2 7.1 +1.5
RNLC Large Cap US Equity Select ETF 14.5 60 -42 6.4 +0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 14.4 49 -31 4.3 -1.3
JKE iShares Morningstar Large-Cap Growth ETF 14.3 25 -7 3.6 -2.0
QVM Arrow QVM Equity Factor ETF 14.2 65 -47 5.2 -0.4
VIG Vanguard Dividend Appreciation Index Fund 14.2 6 12 5.3 -0.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 14.2 18 0 3.9 -1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 14.1 75 -57 4.7 -0.9
IUS Invesco Strategic US ETF 14.1 19 -1 6.4 +0.8
JVAL JPMorgan U.S. Value Factor ETF 14.0 12 6 9.0 +3.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 13.9 12 6 4.9 -0.7
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 13.9 25 -7 6.1 +0.5
SPMV Invesco S&P 500 Minimum Variance ETF 13.8 10 8 5.9 +0.4
DIA SPDR Dow Jones Industrial Average ETF Trust 13.8 16 2 5.7 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 13.7 27 -9 5.2 -0.4
PWB Invesco Dynamic Large Cap Growth ETF 13.7 55 -37 3.6 -2.0
PJP Invesco Dynamic Pharmaceuticals ETF 13.6 56 -38 11.0 +5.4
IWD iShares Russell 1000 Value ETF 13.4 19 -1 7.2 +1.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 13.3 60 -42 7.1 +1.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 13.3 12 6 5.2 -0.4
JMIN JPMorgan U.S. Minimum Volatility ETF 13.2 12 6 6.0 +0.4
VONV Vanguard Russell 1000 Value Index Fund 13.1 8 10 7.3 +1.7
DSTL Distillate US Fundamental Stability & Value ETF 13.1 39 -21 6.6 +1.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 13.0 34 -16 5.4 -0.2
ROUS Hartford Multifactor US Equity ETF 13.0 19 -1 7.3 +1.8
PBP Invesco S&P 500 BuyWrite ETF 12.9 49 -31 5.3 -0.3
PFM Invesco Dividend Achievers ETF 12.9 54 -36 5.4 -0.1
SFY SoFi Select 500 ETF 12.8 0 18 5.5 -0.1
CLRG IQ Chaikin U.S. Large Cap ETF 12.8 25 -7 6.3 +0.7
HSPX Global X S&P 500 Covered Call ETF 12.7 65 -47 5.2 -0.4
VSL Volshares Large Capital ETF 12.7 65 -47 5.8 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 12.6 27 -9 5.5 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 12.6 9 9 5.7 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 12.4 20 -2 5.6 +0.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.4 35 -17 6.0 +0.4
JHML John Hancock Multifactor Large Cap ETF 12.3 34 -16 5.7 +0.1
SPLG SPDR Portfolio Large Cap ETF 12.2 3 15 5.6 +0.0
SPY SPDR S&P 500 ETF Trust 12.2 9 9 5.6 -0.0
IVV iShares Core S&P 500 ETF 12.2 4 14 5.6 +0.0
SPTM SPDR Portfolio Total Stock Market ETF 12.1 3 15 5.7 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 12.1 29 -11 7.8 +2.3
OUSA O'Shares FTSE US Quality Dividend ETF 12.1 48 -30 5.8 +0.2
FDLO Fidelity Low Volatility Factor ETF 12.1 29 -11 5.3 -0.3
ESGV Vanguard ESG U.S. Stock ETF 12.0 12 6 5.4 -0.2
PRF Invesco FTSE RAFI US 1000 ETF 12.0 39 -21 7.0 +1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.0 35 -17 6.0 +0.4
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 12.0 75 -57 6.1 +0.6
IWL iShares Russell Top 200 ETF 12.0 15 3 5.3 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 12.0 15 3 6.4 +0.8
VOO VANGUARD S&P 500 ETF 12.0 3 15 5.6 +0.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 11.9 49 -31 5.7 +0.1
SCHX Schwab U.S. Large-Cap ETF 11.9 3 15 5.5 -0.1
PBUS Invesco PureBeta MSCI USA ETF 11.9 4 14 5.6 +0.1
EXT WisdomTree U.S. Total Earnings Fund 11.9 28 -10 5.9 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 11.9 4 14 7.2 +1.6
SCHK Schwab 1000 Index ETF 11.8 5 13 5.5 -0.1
IWB iShares Russell 1000 ETF 11.8 15 3 5.4 -0.2
ACT AdvisorShares Vice ETF 11.8 99 -81 5.2 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 11.8 25 -7 6.7 +1.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.8 15 3 6.9 +1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 11.8 9 9 6.1 +0.6
MGC Vanguard Mega Cap Index Fund 11.8 7 11 5.4 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 11.8 2 16 5.6 -0.0
IYY iShares Dow Jones U.S. ETF 11.8 20 -2 5.4 -0.2
VV Vanguard Large-Cap Index Fund 11.7 4 14 5.5 -0.1
IWV iShares Russell 3000 ETF 11.7 20 -2 5.3 -0.3
HECO EcoLogical Strategy ETF 11.7 107 -89 3.4 -2.2
IQSU IQ Candriam ESG US Equity ETF 11.7 9 9 5.4 -0.2
VTI Vanguard Total Stock Market Index Fund 11.7 3 15 5.4 -0.2

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:
iShares Evolved U.S. Healthcare Staples ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.2 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 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.