iShares Evolved U.S. Innovative Healthcare ETF
ALTAR
Score™
3.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
28.8x P/Sales
ratio
5.0x
P/BV
ratio
5.3x Div.
yield
1.6%


  • 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) $26
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 249
Wgt avg mkt cap (mns) $101,655
Large cap (>$10bn) 73.1%
Mid cap ($2-10bn) 19.2%
Small cap (<$2bn) 7.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 8.6 %
MERCK & CO. INC. 6.0 %
PFIZER INC 5.3 %
BRISTOL-MYERS SQUIBB CO 4.6 %
AMGEN INC 4.5 %
ELI LILLY & CO 4.4 %
ABBVIE INC 4.4 %
REGENERON PHARMACEUTICALS 4.2 %
VERTEX PHARMACEUTICALS INC 3.7 %
GILEAD SCIENCES INC 3.5 %
Total 49.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
IRELAND 2.3 %
BRITAIN 1.0 %
CANADA 0.3 %
NETHERLANDS 0.1 %
CAYMAN ISLANDS 0.1 %





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.
9.2% 28.8% -- -- 13.0%

Market Correlations
versus... Beta R-squared
S&P500 0.71 61%
MSCI EAFE 0.70 49%
MSCI Emg. Mkts. 0.52 41%

Technical Indicators
Recent close $30.10
30d moving avg. $30.32
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $19,260

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 3.3%


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
(%)
IBB iShares NASDAQ Biotechnology ETF 52.6 46 -28 0.5 -2.8
IYH iShares U.S. Healthcare ETF 48.0 43 -25 6.1 +2.9
FHLC Fidelity MSCI Health Care Index ETF 47.8 8 10 5.5 +2.2
VHT Vanguard Health Care Index Fund 46.9 10 8 5.4 +2.1
XLV Health Care Select Sector SPDR Fund 44.2 13 5 7.1 +3.9
PJP Invesco Dynamic Pharmaceuticals ETF 42.9 56 -38 12.9 +9.6
JHMH John Hancock Multifactor Healthcare ETF 41.2 40 -22 6.0 +2.8
FTXH First Trust Nasdaq Pharmaceuticals ETF 37.7 60 -42 11.6 +8.4
IHE iShares U.S. Pharmaceuticals ETF 37.3 42 -24 5.3 +2.0
BBH VanEck Vectors Biotech ETF 34.4 35 -17 3.9 +0.7
PPH VanEck Vectors Pharmaceutical ETF 33.3 36 -18 11.3 +8.0
IXJ iShares Global Healthcare ETF 31.5 46 -28 6.4 +3.1
XBI SPDR S&P BIOTECH ETF 31.2 35 -17 -2.1 -5.4
XPH SPDR S&P Pharmaceuticals ETF 29.8 35 -17 3.9 +0.6
FBT First Trust NYSE Arca Biotechnology Index Fund 29.6 55 -37 -1.0 -4.2
BTEC Principal Healthcare Innovators Index ETF 29.0 42 -24 -2.2 -5.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 26.6 29 -11 8.4 +5.1
PBE Invesco Dynamic Biotechnology & Genome ETF 24.5 58 -40 -2.5 -5.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 23.8 40 -22 6.7 +3.4
LNGR Global X Longevity Thematic ETF 23.6 50 -32 3.2 -0.1
FXH First Trust Health Care AlphaDEX Fund 22.6 62 -44 3.9 +0.6
BMED BlackRock Future Health ETF 20.3 85 -67 -1.1 -4.4
HDV iShares Core High Dividend ETF 19.8 8 10 7.1 +3.8
FTCS First Trust Capital Strength ETF 18.2 58 -40 4.7 +1.4
GDNA Goldman Sachs Motif Human Evolution ETF 17.6 50 -32 0.5 -2.8
IBBJ Defiance Nasdaq Junior Biotechnology ETF 17.5 45 -27 -2.1 -5.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 16.9 15 3 4.1 +0.8
GBLO Global Beta Low Beta ETF 15.9 29 -11 7.2 +4.0
OUSA O'Shares FTSE US Quality Dividend ETF 15.7 48 -30 5.7 +2.4
IDNA iShares Genomics Immunology & Healthcare ETF 15.5 47 -29 -2.7 -6.0
CNCR Loncar Cancer Immunotherapy ETF 15.3 79 -61 -2.7 -5.9
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 15.1 60 -42 3.7 +0.4
DHS WisdomTree U.S. High Dividend Fund 15.0 38 -20 8.6 +5.3
IWO iShares Russell 2000 Growth ETF 14.8 24 -6 -0.1 -3.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.3 34 -16 4.5 +1.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 14.3 60 -42 6.3 +3.0
PWV Invesco Dynamic Large Cap Value ETF 14.2 56 -38 8.0 +4.8
VYM Vanguard High Dividend Yield Index ETF 13.9 6 12 7.3 +4.0
MGV Vanguard Mega Cap Value ETF 13.9 7 11 7.1 +3.8
VTWG Vanguard Russell 2000 Growth Index Fund 13.8 15 3 0.1 -3.2
VIRS Pacer BioThreat Strategy ETF 13.3 70 -52 4.5 +1.2
HLAL Wahed FTSE USA Shariah ETF 13.0 50 -32 4.3 +1.0
FCPI Fidelity Stocks for Inflation ETF 12.9 29 -11 6.2 +2.9
VBK Vanguard Small-Cap Growth Index Fund 12.8 7 11 2.2 -1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 12.7 12 6 4.6 +1.4
IEHS iShares Evolved U.S. Healthcare Staples ETF 12.2 18 0 5.4 +2.1
BBC Virtus LifeSci Biotech Clinical Trials ETF 12.1 79 -61 0.0 -3.3
RAFE PIMCO RAFI ESG U.S. ETF 12.0 29 -11 7.4 +4.2
MOAT VanEck Vectors Morningstar Wide Moat ETF 11.9 49 -31 6.6 +3.4
DGRO iShares Core Dividend Growth ETF 11.6 8 10 6.5 +3.2
VTV Vanguard Value Index Fund 11.4 4 14 7.2 +3.9
QLV FlexShares US Quality Low Volatility Index Fund 11.4 22 -4 4.7 +1.4
SPHQ Invesco S&P 500 Quality ETF 11.4 15 3 4.4 +1.2
XT iShares Exponential Technologies ETF 11.2 47 -29 4.8 +1.5
JKF iShares Morningstar Large Cap Value ETF 11.1 25 -7 7.5 +4.2
GERM ETFMG Treatments Testing and Advancements ETF 11.0 68 -50 -2.9 -6.2
VFMO Vanguard U.S. Momentum Factor ETF 10.9 13 5 0.7 -2.6
QDEF FlexShares Quality Dividend Defensive Index Fund 10.9 37 -19 5.8 +2.6
RBUS Nationwide Risk-Based U.S. Equity ETF 10.8 30 -12 4.6 +1.3
FLRG Fidelity U.S. Multifactor ETF 10.6 29 -11 6.2 +3.0
CACG ClearBridge All Cap Growth ETF 10.6 54 -36 4.2 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 10.6 28 -10 6.3 +3.0
HTEC ROBO Global Healthcare Technology & Innovation ETF 10.6 68 -50 0.1 -3.2
IWM iShares Russell 2000 ETF 10.5 19 -1 3.2 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 10.4 25 -7 5.7 +2.5
ALTL Pacer Lunt Large Cap Alternator ETF 10.4 60 -42 5.1 +1.8
SPLV Invesco S&P 500 Low Volatility ETF 10.4 25 -7 5.4 +2.1
VTWO Vanguard Russell 2000 Index Fund 10.4 10 8 3.5 +0.2
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 10.4 56 -38 6.5 +3.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 10.4 30 -12 6.4 +3.1
LVHD Legg Mason Low Volatility High Dividend ETF 10.2 27 -9 8.0 +4.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 10.2 28 -10 6.3 +3.0
SPMO Invesco S&P 500 Momentum ETF 10.2 13 5 3.9 +0.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.2 66 -48 2.2 -1.0
VFMV Vanguard U.S. Minimum Volatility ETF 10.1 13 5 4.3 +1.0
USMV iShares Edge MSCI Min Vol USA ETF 10.1 15 3 5.4 +2.1
SCHA Schwab U.S. Small-Cap ETF 10.1 4 14 4.6 +1.3
JQUA JPMorgan U.S. Quality Factor ETF 10.0 12 6 5.2 +2.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 9.9 7 11 7.0 +3.7
FDRR Fidelity Dividend ETF for Rising Rates 9.9 29 -11 6.6 +3.3
QVM Arrow QVM Equity Factor ETF 9.9 65 -47 4.8 +1.5
STLV iShares Factors US Value Style ETF 9.8 25 -7 7.1 +3.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 9.8 6 12 5.0 +1.7
SHE SPDR SSGA Gender Diversity Index ETF 9.8 20 -2 4.7 +1.4
DIA SPDR Dow Jones Industrial Average ETF Trust 9.7 16 2 5.3 +2.0
NACP Impact Shares NAACP Minority Empowerment ETF 9.7 75 -57 4.6 +1.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 9.7 59 -41 4.2 +0.9
FDL First Trust Morningstar Dividend Leaders Index Fund 9.7 45 -27 10.1 +6.8
QDF FlexShares Quality Dividend Index Fund 9.7 37 -19 5.8 +2.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 9.7 17 1 4.7 +1.4
SCHV Schwab U.S. Large-Cap Value ETF 9.7 4 14 6.6 +3.4
SYE SPDR MFS Systematic Core Equity ETF 9.7 60 -42 5.5 +2.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 9.6 35 -17 4.4 +1.2
REVS Columbia Research Enhanced Value ETF 9.6 19 -1 7.6 +4.3
HIPR Direxion High Growth ETF 9.6 40 -22 4.4 +1.2
JKD iShares Morningstar Large-Cap ETF 9.5 20 -2 5.5 +2.2
PTH Invesco DWA Healthcare Momentum ETF 9.5 60 -42 -4.9 -8.2
RNDV US Equity Dividend Select ETF 9.5 50 -32 7.7 +4.4
SPXT ProShares S&P 500 Ex-Technology ETF 9.5 27 -9 5.4 +2.1
IWP iShares Russell Mid-Cap Growth ETF 9.5 24 -6 2.9 -0.4

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 16.3 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 3.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.51
 
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.