iShares Evolved U.S. Innovative Healthcare ETF
ALTAR
Score™
3.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.8x P/Sales
ratio
5.0x
P/BV
ratio
5.1x Div.
yield
1.7%


  • 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) $19
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 226
Wgt avg mkt cap (mns) $103,401
Large cap (>$10bn) 76.7%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 6.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 8.8 %
MERCK & CO. INC. 6.1 %
ABBVIE INC 6.0 %
VERTEX PHARMACEUTICALS INC 5.7 %
PFIZER INC 5.4 %
ELI LILLY & CO 5.3 %
BRISTOL-MYERS SQUIBB CO 5.0 %
GILEAD SCIENCES INC 4.6 %
AMGEN INC 4.3 %
BIOGEN IDEC INC 4.1 %
Total 55.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 1.5 %
BRITAIN 0.7 %
CANADA 0.3 %
CAYMAN ISLANDS 0.1 %
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.
2.1% 17.5% -- -- 12.1%

Market Correlations
versus... Beta R-squared
S&P500 0.77 66%
MSCI EAFE 0.76 52%
MSCI Emg. Mkts. 0.61 50%

Technical Indicators
Recent close $29.15
30d moving avg. $28.82
Annualized volatility 18.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 27
Turnover 4.2%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $21,380

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™: 3.9%


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
(%)
FHLC Fidelity MSCI Health Care Index ETF 52.4 8 10 5.6 +1.7
IYH iShares U.S. Healthcare ETF 52.2 43 -25 6.1 +2.2
VHT Vanguard Health Care Index Fund 51.4 10 8 5.5 +1.5
XLV Health Care Select Sector SPDR Fund 48.9 13 5 7.0 +3.1
PJP Invesco Dynamic Pharmaceuticals ETF 48.7 56 -38 11.0 +7.1
IBB iShares NASDAQ Biotechnology ETF 48.6 47 -29 0.4 -3.5
JHMH John Hancock Multifactor Healthcare ETF 43.5 40 -22 6.0 +2.1
FTXH First Trust Nasdaq Pharmaceuticals ETF 37.9 60 -42 7.1 +3.2
IXJ iShares Global Healthcare ETF 35.0 46 -28 6.3 +2.4
IHE iShares U.S. Pharmaceuticals ETF 34.7 42 -24 5.3 +1.4
PPH VanEck Vectors Pharmaceutical ETF 34.5 36 -18 10.1 +6.1
BBH VanEck Vectors Biotech ETF 34.2 35 -17 3.8 -0.1
XBI SPDR S&P BIOTECH ETF 33.8 35 -17 -3.9 -7.8
FXH First Trust Health Care AlphaDEX Fund 32.2 62 -44 4.4 +0.5
XPH SPDR S&P Pharmaceuticals ETF 29.8 35 -17 4.8 +0.9
FBT First Trust NYSE Arca Biotechnology Index Fund 27.9 57 -39 -1.0 -4.9
RYH Invesco S&P 500 Equal Weight Health Care ETF 25.9 40 -22 6.5 +2.6
LNGR Global X Longevity Thematic ETF 25.9 50 -32 3.2 -0.8
PBE Invesco Dynamic Biotechnology & Genome ETF 24.3 57 -39 -1.0 -4.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 22.5 75 -57 6.1 +2.2
SPHQ Invesco S&P 500 Quality ETF 21.7 15 3 5.2 +1.3
BTEC Principal Healthcare Innovators Index ETF 21.4 42 -24 -2.6 -6.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 20.9 15 3 4.8 +0.9
FTCS First Trust Capital Strength ETF 19.4 60 -42 5.0 +1.1
HDV iShares Core High Dividend ETF 19.2 8 10 6.6 +2.7
OUSA O'Shares FTSE US Quality Dividend ETF 18.2 48 -30 5.8 +1.8
PWV Invesco Dynamic Large Cap Value ETF 17.6 55 -37 8.4 +4.4
DURA VanEck Vectors Morningstar Durable Dividend ETF 17.3 29 -11 7.0 +3.0
DHS WisdomTree U.S. High Dividend Fund 17.2 38 -20 8.6 +4.6
JKF iShares Morningstar Large Cap Value ETF 17.2 25 -7 7.7 +3.8
GDNA Goldman Sachs Motif Human Evolution ETF 16.8 50 -32 0.3 -3.6
SDG iShares Sustainable MSCI Global Impact ETF 16.3 49 -31 6.5 +2.6
VYM Vanguard High Dividend Yield Index ETF 16.1 6 12 7.3 +3.4
CNCR Loncar Cancer Immunotherapy ETF 16.1 79 -61 -3.3 -7.3
VFMO Vanguard U.S. Momentum Factor ETF 15.9 13 5 2.2 -1.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 15.4 60 -42 6.3 +2.4
MGV Vanguard Mega Cap Value ETF 15.3 7 11 7.2 +3.3
PTH Invesco DWA Healthcare Momentum ETF 15.1 60 -42 -2.4 -6.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 14.7 12 6 4.9 +1.0
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 14.6 60 -42 3.9 -0.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 14.2 18 0 5.6 +1.7
SHE SPDR SSGA Gender Diversity Index ETF 14.2 20 -2 5.6 +1.7
IDNA iShares Genomics Immunology & Healthcare ETF 13.8 47 -29 -2.6 -6.6
VTV Vanguard Value Index Fund 13.7 4 14 7.4 +3.5
AIEQ AI Powered Equity ETF 13.6 87 -69 3.6 -0.3
QDF FlexShares Quality Dividend Index Fund 13.6 37 -19 6.9 +3.0
SCHV Schwab U.S. Large-Cap Value ETF 13.6 4 14 7.2 +3.3
XT iShares Exponential Technologies ETF 13.5 47 -29 5.5 +1.5
RAFE PIMCO RAFI ESG U.S. ETF 13.5 29 -11 7.8 +3.9
IWO iShares Russell 2000 Growth ETF 13.3 24 -6 0.8 -3.1
DJD Invesco Dow Jones Industrial Average Dividend ETF 13.2 7 11 6.7 +2.7
VTWG Vanguard Russell 2000 Growth Index Fund 13.2 15 3 0.9 -3.0
HLAL Wahed FTSE USA Shariah ETF 13.2 50 -32 4.8 +0.9
VBK Vanguard Small-Cap Growth Index Fund 12.9 7 11 2.7 -1.2
FAD First Trust Multi Cap Growth AlphaDEX Fund 12.9 66 -48 2.7 -1.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 12.7 52 -34 6.2 +2.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 12.5 37 -19 6.9 +3.0
QUAL iShares MSCI Usa Quality Factor ETF 12.5 15 3 5.5 +1.6
SYE SPDR MFS Systematic Core Equity ETF 12.5 60 -42 6.0 +2.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 12.4 49 -31 4.3 +0.3
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 12.3 75 -57 2.2 -1.7
DGRO iShares Core Dividend Growth ETF 12.3 8 10 6.6 +2.7
JQUA JPMorgan U.S. Quality Factor ETF 12.2 12 6 5.3 +1.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 12.2 28 -10 6.6 +2.7
DLN WisdomTree U.S. LargeCap Dividend Fund 12.2 28 -10 6.5 +2.5
AUSF Global X Adaptive U.S. Factor ETF 12.1 27 -9 8.4 +4.5
STLV iShares Factors US Value Style ETF 11.9 25 -7 8.3 +4.4
RBUS Nationwide Risk-Based U.S. Equity ETF 11.9 30 -12 5.2 +1.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 11.8 60 -42 4.6 +0.7
MXDU Nationwide Maximum Diversification US Core Equity ETF 11.8 34 -16 5.4 +1.5
HTEC ROBO Global Healthcare Technology & Innovation ETF 11.6 68 -50 0.6 -3.4
FMK First Trust Mega Cap AlphaDEX Fund 11.5 70 -52 5.4 +1.4
MOAT VanEck Vectors Morningstar Wide Moat ETF 11.5 49 -31 6.2 +2.2
IWM iShares Russell 2000 ETF 11.5 19 -1 3.8 -0.2
CACG ClearBridge All Cap Growth ETF 11.5 54 -36 4.6 +0.6
QDEF FlexShares Quality Dividend Defensive Index Fund 11.4 37 -19 6.4 +2.4
SPXT ProShares S&P 500 Ex-Technology ETF 11.4 27 -9 5.8 +1.9
FDRR Fidelity Dividend ETF for Rising Rates 11.4 29 -11 7.1 +3.2
SYG SPDR MFS Systematic Growth Equity ETF 11.4 60 -42 4.7 +0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 11.4 75 -57 4.7 +0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 11.2 10 8 5.5 +1.6
SUSL iShares ESG MSCI USA Leaders ETF 11.2 10 8 5.5 +1.6
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 11.2 25 -7 6.1 +2.1
RECS Columbia Research Enhanced Core ETF 11.2 15 3 5.8 +1.8
VTWO Vanguard Russell 2000 Index Fund 11.2 10 8 3.8 -0.1
SDGA Impact Shares Sustainable Development Goals Global ETF 11.1 75 -57 5.6 +1.6
PKW Invesco Buyback Achievers ETF 11.0 62 -44 6.9 +3.0
QDIV Global X S&P 500 Quality Dividend ETF 11.0 20 -2 8.2 +4.3
IWX iShares Russell Top 200 Value ETF 10.9 20 -2 7.1 +3.2
KNOW Direxion All Cap Insider Sentiment Shares 10.9 59 -41 5.6 +1.7
TECB iShares US Tech Breakthrough Multisector ETF 10.9 40 -22 4.2 +0.2
FTC First Trust Large Cap Growth AlphaDEX Fund 10.9 61 -43 3.1 -0.8
DTD WisdomTree U.S.Total Dividend Fund 10.8 28 -10 6.7 +2.8
FPX First Trust US IPO Index Fund 10.8 59 -41 4.4 +0.5
FVAL Fidelity Value Factor ETF 10.8 29 -11 8.4 +4.4
SYV SPDR MFS Systematic Value Equity ETF 10.7 60 -42 7.4 +3.5
SPLV Invesco S&P 500 Low Volatility ETF 10.6 25 -7 5.8 +1.9
VFMV Vanguard U.S. Minimum Volatility ETF 10.6 13 5 4.0 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 10.6 75 -57 4.7 +0.8

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 19.7 %
Divided by: Fwd. P/BV 4.8 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.