iShares Evolved U.S. Healthcare Staples ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
1.5x
P/BV
ratio
4.0x Div.
yield
1.1%


  • 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) $16
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 158
Wgt avg mkt cap (mns) $124,374
Large cap (>$10bn) 91.2%
Mid cap ($2-10bn) 7.5%
Small cap (<$2bn) 1.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 11.3 %
ABBOTT LABORATORIES 8.5 %
MEDTRONIC PLC 6.5 %
JOHNSON & JOHNSON 4.6 %
THERMO FISHER SCIENTIFIC INC 4.5 %
DANAHER CORP 4.0 %
INTUITIVE SURGICAL INC 3.6 %
STRYKER CORP 3.3 %
CVS CAREMARK CORP 2.6 %
BECTON DICKINSON AND CO 2.5 %
Total 51.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.1 %
IRELAND 6.8 %
BRITAIN 0.4 %
CANADA 0.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.5% 15.5% -- -- 15.5%

Market Correlations
versus... Beta R-squared
S&P500 0.82 77%
MSCI EAFE 0.71 57%
MSCI Emg. Mkts. 0.60 49%

Technical Indicators
Recent close $36.31
30d moving avg. $35.41
Annualized volatility 18.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.9%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $25,310

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 5.4%


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 62.6 13 5 7.3 +1.9
IYH iShares U.S. Healthcare ETF 61.0 43 -25 6.3 +0.9
FHLC Fidelity MSCI Health Care Index ETF 60.1 8 10 5.6 +0.2
VHT Vanguard Health Care Index Fund 58.6 10 8 5.4 0.0
JHMH John Hancock Multifactor Healthcare ETF 57.2 40 -22 6.2 +0.8
IHI iShares U.S. Medical Devices ETF 49.0 42 -24 3.3 -2.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 47.1 40 -22 6.8 +1.4
IXJ iShares Global Healthcare ETF 45.4 46 -28 6.5 +1.0
FXH First Trust Health Care AlphaDEX Fund 35.2 62 -44 5.0 -0.4
IHF iShares U.S. Healthcare Providers ETF 29.0 42 -24 7.1 +1.6
VIRS Pacer BioThreat Strategy ETF 24.9 70 -52 4.7 -0.7
XHE SPDR S&P Health Care Equipment ETF 23.9 35 -17 1.7 -3.7
LNGR Global X Longevity Thematic ETF 22.4 50 -32 3.2 -2.3
XHS SPDR S&P Health Care Services ETF 20.7 35 -17 3.9 -1.6
HTEC ROBO Global Healthcare Technology & Innovation ETF 19.5 68 -50 0.4 -5.0
PTH Invesco DWA Healthcare Momentum ETF 19.2 60 -42 -2.6 -8.1
HLAL Wahed FTSE USA Shariah ETF 18.2 50 -32 4.2 -1.3
PWB Invesco Dynamic Large Cap Growth ETF 18.0 56 -38 3.3 -2.2
JKD iShares Morningstar Large-Cap ETF 17.7 20 -2 5.4 -0.0
VOOV Vanguard S&P 500 Value ETF 17.7 10 8 6.8 +1.3
MTUM iShares MSCI USA Momentum Factor ETF 17.1 15 3 3.0 -2.4
MGV Vanguard Mega Cap Value ETF 16.9 7 11 6.7 +1.3
ANEW ProShares MSCI Transformational Changes ETF 16.7 45 -27 2.7 -2.8
SPYV SPDR Portfolio S&P 500 Value ETF 16.6 4 14 6.8 +1.4
IVE iShares S&P 500 Value ETF 16.6 18 0 6.7 +1.3
SPHQ Invesco S&P 500 Quality ETF 16.2 15 3 4.4 -1.0
IUSV iShares Core S&P U.S. Value ETF 16.1 4 14 6.9 +1.4
BMED BlackRock Future Health ETF 15.8 85 -67 -0.8 -6.2
JMIN JPMorgan U.S. Minimum Volatility ETF 15.6 12 6 5.4 -0.1
VTV Vanguard Value Index Fund 15.5 4 14 6.8 +1.3
SPXT ProShares S&P 500 Ex-Technology ETF 15.2 27 -9 5.2 -0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 15.1 12 6 5.1 -0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 14.9 30 -12 4.8 -0.6
RWL Invesco S&P 500 Revenue ETF 14.7 39 -21 6.6 +1.1
FLV American Century Focused Large Cap Value ETF 14.1 42 -24 6.0 +0.5
GBLO Global Beta Low Beta ETF 14.1 29 -11 7.2 +1.8
SPLV Invesco S&P 500 Low Volatility ETF 13.8 25 -7 5.7 +0.2
IWX iShares Russell Top 200 Value ETF 13.8 20 -2 6.3 +0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 13.7 17 1 6.4 +1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 13.6 25 -7 6.1 +0.7
VIG Vanguard Dividend Appreciation Index Fund 13.5 6 12 5.1 -0.4
ESGV Vanguard ESG U.S. Stock ETF 13.4 12 6 4.7 -0.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.1 35 -17 5.2 -0.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 13.1 35 -17 5.3 -0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 13.0 17 1 6.1 +0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 13.0 35 -17 5.3 -0.1
SPMV Invesco S&P 500 Minimum Variance ETF 12.9 10 8 5.6 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 12.7 27 -9 4.7 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 12.6 49 -31 3.9 -1.6
RNLC Large Cap US Equity Select ETF 12.3 60 -42 5.6 +0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.3 19 -1 5.6 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.3 60 -42 3.8 -1.6
PFM Invesco Dividend Achievers ETF 12.3 53 -35 5.1 -0.3
VONV Vanguard Russell 1000 Value Index Fund 12.3 8 10 6.4 +1.0
ONEO SPDR Russell 1000 Momentum Focus ETF 12.2 20 -2 6.0 +0.6
PJP Invesco Dynamic Pharmaceuticals ETF 12.2 56 -38 13.4 +8.0
IEIH iShares Evolved U.S. Innovative Healthcare ETF 12.1 18 0 3.6 -1.8
WOMN Impact Shares YWCA Women's Empowerment ETF 12.1 75 -57 3.9 -1.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.0 18 0 5.8 +0.4
IWD iShares Russell 1000 Value ETF 12.0 19 -1 6.3 +0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 12.0 30 -12 5.5 +0.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 12.0 34 -16 4.5 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 11.8 9 9 5.0 -0.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 11.8 60 -42 5.8 +0.4
JVAL JPMorgan U.S. Value Factor ETF 11.7 12 6 7.6 +2.1
PBP Invesco S&P 500 BuyWrite ETF 11.7 49 -31 4.6 -0.8
IWP iShares Russell Mid-Cap Growth ETF 11.7 24 -6 2.9 -2.6
HSPX Global X S&P 500 Covered Call ETF 11.7 60 -42 4.5 -1.0
CLRG IQ Chaikin U.S. Large Cap ETF 11.7 25 -7 5.3 -0.1
TPLC Timothy Plan US Large Cap Core ETF 11.6 52 -34 4.8 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 11.6 27 -9 4.9 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.6 20 -2 5.0 -0.5
FTC First Trust Large Cap Growth AlphaDEX Fund 11.6 61 -43 2.5 -3.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.6 15 3 6.3 +0.9
JHML John Hancock Multifactor Large Cap ETF 11.5 29 -11 5.1 -0.3
SFY SoFi Select 500 ETF 11.5 0 18 4.8 -0.7
XYLG Global X S&P 500 Covered Call & Growth ETF 11.5 60 -42 4.7 -0.8
SPY SPDR S&P 500 ETF Trust 11.4 9 9 5.0 -0.5
IVV iShares Core S&P 500 ETF 11.4 3 15 5.0 -0.4
PSET Principal Price Setters Index ETF 11.4 15 3 4.7 -0.7
SPLG SPDR Portfolio Large Cap ETF 11.4 3 15 5.1 -0.4
DIA SPDR Dow Jones Industrial Average ETF Trust 11.4 16 2 5.2 -0.3
ADME Aptus Drawdown Managed Equity ETF 11.4 79 -61 3.3 -2.2
HIPR Direxion High Growth ETF 11.4 40 -22 4.3 -1.1
DSTL Distillate US Fundamental Stability & Value ETF 11.3 39 -21 6.0 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 11.3 60 -42 5.1 -0.4
ROUS Hartford Multifactor US Equity ETF 11.3 19 -1 6.2 +0.8
JKH iShares Morningstar Mid-Cap Growth ETF 11.3 30 -12 1.9 -3.5
DEF Invesco Defensive Equity ETF 11.3 55 -37 5.1 -0.3
LRGF iShares Edge MSCI Multifactor USA ETF 11.3 20 -2 6.9 +1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 11.2 9 9 5.3 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 11.2 3 15 5.1 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 11.2 4 14 6.4 +0.9
VOO VANGUARD S&P 500 ETF 11.2 3 15 5.0 -0.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 11.1 49 -31 4.8 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 11.1 15 3 5.5 +0.1
FDLO Fidelity Low Volatility Factor ETF 11.1 29 -11 5.0 -0.4
PBUS Invesco PureBeta MSCI USA ETF 11.0 4 14 4.9 -0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 11.0 0 18 4.8 -0.6

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 19.4 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.50
 
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.