iShares Evolved U.S. Innovative Healthcare ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.8x P/Sales
ratio
5.3x
P/BV
ratio
5.6x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IEIH tracks an index that offers US pharmaceutical and biotechnology 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) $34
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 248
Wgt avg mkt cap (mns) $109,303
Large cap (>$10bn) 70.8%
Mid cap ($2-10bn) 22.0%
Small cap (<$2bn) 6.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 9.4 %
MERCK & CO. INC. 6.4 %
ABBVIE INC 5.8 %
PFIZER INC 5.7 %
ELI LILLY & CO 4.9 %
BRISTOL-MYERS SQUIBB CO 4.8 %
AMGEN INC 4.3 %
GILEAD SCIENCES INC 4.2 %
VERTEX PHARMACEUTICALS INC 3.5 %
REGENERON PHARMACEUTICALS 3.4 %
Total 52.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.1 %
IRELAND 2.3 %
BRITAIN 1.3 %
CANADA 0.3 %
CAYMAN ISLANDS 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.2% 19.2% -- -- 15.4%

Market Correlations
versus... Beta R-squared
S&P500 0.75 65%
MSCI EAFE 0.69 55%
MSCI Emg. Mkts. 0.54 42%

Technical Indicators
Recent close $33.97
30d moving avg. $32.79
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 10
Turnover 1.0%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $22,702

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Evolved U.S. Innovative Healthcare ETF ETF based on the alternatives' overlap in portfolio holdings with IEIH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IEIH Expense: 18 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEIH
Ticker Fund
Name
Overlap1
vs IEIH
(%)
Expense
ratio
(bp)
Savings
vs IEIH
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEIH
(%)
IYH iShares U.S. Healthcare ETF 46.2 43 -25 6.0 +2.3
FHLC Fidelity MSCI Health Care Index ETF 45.3 8 10 5.2 +1.6
VHT Vanguard Health Care Index Fund 44.9 10 8 5.2 +1.5
XLV Health Care Select Sector SPDR Fund 44.9 13 5 7.0 +3.3
PJP Invesco Dynamic Pharmaceuticals ETF 43.4 56 -38 9.0 +5.3
IBB iShares NASDAQ Biotechnology ETF 42.3 46 -28 0.1 -3.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 42.2 60 -42 4.4 +0.8
JHMH John Hancock Multifactor Healthcare ETF 38.9 40 -22 5.8 +2.2
IHE iShares U.S. Pharmaceuticals ETF 36.5 42 -24 5.9 +2.3
PPH VanEck Vectors Pharmaceutical ETF 33.1 36 -18 10.5 +6.9
IXJ iShares Global Healthcare ETF 31.4 46 -28 6.2 +2.5
XPH SPDR S&P Pharmaceuticals ETF 28.3 35 -17 2.8 -0.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 27.9 29 -11 8.2 +4.5
BBH VanEck Vectors Biotech ETF 27.3 35 -17 4.0 +0.4
FBT First Trust NYSE Arca Biotechnology Index Fund 26.8 55 -37 -1.4 -5.1
XBI SPDR S&P BIOTECH ETF 26.2 35 -17 -2.3 -5.9
BBP BioShares Biotechnology Products Fund 24.7 79 -61 -2.5 -6.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 24.5 40 -22 6.4 +2.7
LNGR Global X Longevity Thematic ETF 22.6 50 -32 2.9 -0.8
BTEC Principal Healthcare Innovators Index ETF 21.4 42 -24 -2.5 -6.2
HDV iShares Core High Dividend ETF 20.8 8 10 6.3 +2.7
FXH First Trust Health Care AlphaDEX Fund 19.9 62 -44 4.6 +1.0
SIXA 6 Meridian Mega Cap Equity ETF 18.8 82 -64 5.9 +2.3
OUSA O'Shares FTSE US Quality Dividend ETF 18.5 48 -30 5.5 +1.9
JKF iShares Morningstar Large Cap Value ETF 16.3 25 -7 6.6 +2.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.3 28 -10 6.1 +2.4
SPHQ Invesco S&P 500 Quality ETF 16.2 15 3 4.5 +0.8
GBLO Global Beta Low Beta ETF 15.5 29 -11 7.3 +3.7
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 15.4 69 -51 4.1 +0.5
CNCR Loncar Cancer Immunotherapy ETF 15.3 79 -61 -2.1 -5.8
PBE Invesco Dynamic Biotechnology & Genome ETF 15.2 58 -40 -1.6 -5.3
VIRS Pacer BioThreat Strategy ETF 15.1 70 -52 4.9 +1.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 14.9 75 -57 5.3 +1.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 14.3 35 -17 6.7 +3.0
MGV Vanguard Mega Cap Value ETF 14.3 7 11 6.4 +2.8
VYM Vanguard High Dividend Yield Index ETF 14.2 6 12 6.6 +3.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 14.1 75 -57 2.1 -1.6
QLV FlexShares US Quality Low Volatility Index Fund 13.6 22 -4 4.4 +0.8
FCPI Fidelity Stocks for Inflation ETF 13.4 29 -11 5.8 +2.1
USMV iShares Edge MSCI Min Vol USA ETF 13.3 15 3 5.4 +1.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 12.9 60 -42 4.5 +0.9
LVHD Legg Mason Low Volatility High Dividend ETF 12.9 27 -9 7.7 +4.0
FTCS First Trust Capital Strength ETF 12.7 58 -40 5.1 +1.4
IDNA iShares Genomics Immunology & Healthcare ETF 12.6 47 -29 -2.7 -6.3
DHS WisdomTree U.S. High Dividend Fund 12.4 38 -20 8.4 +4.7
DLN WisdomTree U.S. LargeCap Dividend Fund 12.3 28 -10 6.2 +2.6
BMED BlackRock Future Health ETF 12.1 85 -67 -0.9 -4.5
RAFE PIMCO RAFI ESG U.S. ETF 12.0 30 -12 6.7 +3.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 11.8 34 -16 4.4 +0.7
SDG iShares Sustainable MSCI Global Impact ETF 11.7 49 -31 5.7 +2.1
MOAT VanEck Vectors Morningstar Wide Moat ETF 11.7 48 -30 6.2 +2.6
HLAL Wahed FTSE USA Shariah ETF 11.7 50 -32 3.9 +0.3
XT iShares Exponential Technologies ETF 11.6 47 -29 4.6 +0.9
ARKG ARK Genomic Revolution ETF 11.6 75 -57 -2.1 -5.8
DGRO iShares Core Dividend Growth ETF 11.5 8 10 6.0 +2.4
PWV Invesco Dynamic Large Cap Value ETF 11.5 56 -38 6.8 +3.2
FDL First Trust Morningstar Dividend Leaders Index Fund 11.4 45 -27 9.1 +5.5
VTV Vanguard Value Index Fund 11.4 4 14 6.5 +2.9
QUS SPDR MSCI USA StrategicFactors ETF 11.4 15 3 5.3 +1.7
IEHS iShares Evolved U.S. Healthcare Staples ETF 11.3 18 0 5.0 +1.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 11.2 25 -7 5.9 +2.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 11.2 12 6 5.0 +1.4
IWO iShares Russell 2000 Growth ETF 11.1 24 -6 -0.1 -3.8
DTD WisdomTree U.S.Total Dividend Fund 11.1 28 -10 6.3 +2.6
FLQL Franklin LibertyQ U.S. Equity ETF 11.0 15 3 6.0 +2.3
SPMO Invesco S&P 500 Momentum ETF 11.0 13 5 4.0 +0.3
FLRG Fidelity U.S. Multifactor ETF 10.8 29 -11 6.0 +2.4
SPLV Invesco S&P 500 Low Volatility ETF 10.7 25 -7 5.6 +1.9
VBK Vanguard Small-Cap Growth Index Fund 10.6 7 11 1.9 -1.7
RBUS Nationwide Risk-Based U.S. Equity ETF 10.5 30 -12 4.6 +1.0
VTWG Vanguard Russell 2000 Growth Index Fund 10.5 15 3 0.1 -3.6
NACP Impact Shares NAACP Minority Empowerment ETF 10.5 49 -31 4.8 +1.1
QDEF FlexShares Quality Dividend Defensive Index Fund 10.4 37 -19 5.6 +1.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 10.2 68 -50 0.9 -2.8
CACG ClearBridge All Cap Growth ETF 10.2 54 -36 3.8 +0.2
EDOW First Trust Dow 30 Equal Weight ETF 10.1 50 -32 5.2 +1.5
QDF FlexShares Quality Dividend Index Fund 10.1 37 -19 5.6 +1.9
JQUA JPMorgan U.S. Quality Factor ETF 10.1 12 6 5.1 +1.5
QUAL iShares MSCI Usa Quality Factor ETF 10.1 15 3 5.1 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 10.0 75 -57 3.6 -0.0
VOOV Vanguard S&P 500 Value ETF 9.9 10 8 6.6 +2.9
FDRR Fidelity Dividend ETF for Rising Rates 9.8 29 -11 6.0 +2.4
QGRO American Century STOXX U.S. Quality Growth ETF 9.7 29 -11 3.7 +0.1
IBBJ Defiance Nasdaq Junior Biotechnology ETF 9.7 45 -27 -0.6 -4.3
SYE SPDR MFS Systematic Core Equity ETF 9.5 60 -42 4.9 +1.2
GNOM Global X Genomics & Biotechnology ETF 9.5 50 -32 -3.0 -6.7
RNDV US Equity Dividend Select ETF 9.5 50 -32 7.4 +3.7
STLV iShares Factors US Value Style ETF 9.5 25 -7 6.5 +2.9
DIA SPDR Dow Jones Industrial Average ETF Trust 9.5 16 2 5.0 +1.4
STLC iShares Factors US Blend Style ETF 9.5 25 -7 4.9 +1.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 9.4 7 11 6.3 +2.7
FQAL Fidelity Quality Factor ETF 9.4 29 -11 5.1 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 9.4 25 -7 5.9 +2.3
SHE SPDR SSGA Gender Diversity Index ETF 9.4 20 -2 4.2 +0.6
CCOR Core Alternative ETF 9.4 109 -91 4.1 +0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 9.3 25 -7 5.6 +2.0
SUSL iShares ESG MSCI USA Leaders ETF 9.3 10 8 4.9 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 9.3 10 8 4.9 +1.3
ESGV Vanguard ESG U.S. Stock ETF 9.3 12 6 4.6 +0.9

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. Innovative Healthcare 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 18.5 %
Divided by: Fwd. P/BV 4.8 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 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.