iShares U.S. Pharmaceuticals ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
3.8x
P/BV
ratio
3.6x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Dow Jones US Pharmaceuticals Index Fund seeks investment results that correspond to the price and yield of the Dow Jones US Select Pharmaceuticals Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 01, 2006
Assets (mns) $368
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 45
Wgt avg mkt cap (mns) $136,839
Large cap (>$10bn) 70.2%
Mid cap ($2-10bn) 19.5%
Small cap (<$2bn) 8.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 21.0 %
MERCK & CO. INC. 17.7 %
MYLAN N.V. 8.0 %
CATALENT INC 5.2 %
ZOETIS INC 4.5 %
BRISTOL-MYERS SQUIBB CO 4.5 %
PFIZER INC 4.4 %
HORIZON PHARMA PLC 4.2 %
ELI LILLY & CO 4.1 %
ELANCO ANIMAL HEALTH, INC. 3.7 %
Total 77.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.1 %
IRELAND 10.2 %
BRITAIN 8.0 %
CAYMAN ISLANDS 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.4% 10.5% 1.9% 11.2% 10.1%

Market Correlations
versus... Beta R-squared
S&P500 0.88 77%
MSCI EAFE 0.86 61%
MSCI Emg. Mkts. 0.59 45%

Technical Indicators
Recent close $171.02
30d moving avg. $168.23
Annualized volatility 17.9%
Short interest (ETF) 1.0%
Short interest (Underlying) 5.8%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $5,266

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IHE Expense: 42 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IHE
Ticker Fund
Name
Overlap1
vs IHE
(%)
Expense
ratio
(bp)
Savings
vs IHE
(bp)
ALTAR
Score™
(%)
ALTAR
vs IHE
(%)
XPH SPDR S&P Pharmaceuticals ETF 61.0 35 7 3.7 -1.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 50.7 60 -18 6.8 +1.6
PPH VanEck Vectors Pharmaceutical ETF 44.8 36 6 11.0 +5.8
IEIH iShares Evolved U.S. Innovative Healthcare ETF 36.3 18 24 3.4 -1.8
PJP Invesco Dynamic Pharmaceuticals ETF 32.5 56 -14 12.7 +7.6
XLV Health Care Select Sector SPDR Fund 28.0 13 29 7.3 +2.1
IYH iShares U.S. Healthcare ETF 26.6 43 -1 6.3 +1.1
FHLC Fidelity MSCI Health Care Index ETF 25.1 8 34 5.6 +0.4
VHT Vanguard Health Care Index Fund 24.3 10 32 5.4 +0.3
JHMH John Hancock Multifactor Healthcare ETF 21.0 40 2 6.1 +0.9
IXJ iShares Global Healthcare ETF 19.4 46 -4 6.4 +1.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 17.8 29 13 8.2 +3.0
HDV iShares Core High Dividend ETF 14.3 8 34 6.7 +1.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 14.1 40 2 6.8 +1.6
OUSA O'Shares FTSE US Quality Dividend ETF 12.2 48 -6 5.6 +0.4
FXH First Trust Health Care AlphaDEX Fund 11.5 62 -20 5.0 -0.2
GBLO Global Beta Low Beta ETF 10.6 29 13 7.2 +2.0
HLAL Wahed FTSE USA Shariah ETF 10.4 50 -8 4.2 -1.0
FTCS First Trust Capital Strength ETF 10.0 58 -16 5.1 -0.1
VYM Vanguard High Dividend Yield Index ETF 10.0 6 36 7.0 +1.8
QLV FlexShares US Quality Low Volatility Index Fund 9.7 22 20 4.7 -0.5
IBBJ Defiance Nasdaq Junior Biotechnology ETF 9.7 45 -3 -2.0 -7.2
PTH Invesco DWA Healthcare Momentum ETF 9.6 60 -18 -2.5 -7.7
PWV Invesco Dynamic Large Cap Value ETF 9.4 56 -14 7.7 +2.5
PAWZ ProShares Pet Care ETF 9.4 50 -8 2.5 -2.7
BTEC Principal Healthcare Innovators Index ETF 9.2 42 0 -2.1 -7.2
MGV Vanguard Mega Cap Value ETF 9.1 7 35 6.8 +1.6
DGRO iShares Core Dividend Growth ETF 8.8 8 34 6.3 +1.1
JKF iShares Morningstar Large Cap Value ETF 8.8 25 17 7.1 +1.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 8.3 12 30 4.6 -0.6
FLV American Century Focused Large Cap Value ETF 8.3 42 0 5.9 +0.7
MTUM iShares MSCI USA Momentum Factor ETF 8.2 15 27 4.1 -1.1
REVS Columbia Research Enhanced Value ETF 8.2 19 23 7.2 +2.0
RAFE PIMCO RAFI ESG U.S. ETF 8.0 29 13 7.1 +1.9
SYV SPDR MFS Systematic Value Equity ETF 7.8 60 -18 6.8 +1.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 7.6 35 7 6.7 +1.6
SPHQ Invesco S&P 500 Quality ETF 7.5 15 27 4.4 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 7.5 75 -33 4.6 -0.6
VTV Vanguard Value Index Fund 7.5 4 38 6.8 +1.7
STLV iShares Factors US Value Style ETF 7.5 25 17 6.8 +1.7
VIRS Pacer BioThreat Strategy ETF 7.4 70 -28 4.7 -0.5
LVHD Legg Mason Low Volatility High Dividend ETF 7.3 27 15 7.8 +2.6
DHS WisdomTree U.S. High Dividend Fund 7.3 38 4 8.1 +2.9
SHE SPDR SSGA Gender Diversity Index ETF 7.3 20 22 4.5 -0.7
MOAT VanEck Vectors Morningstar Wide Moat ETF 7.1 49 -7 6.3 +1.1
SDGA Impact Shares Sustainable Development Goals Global ETF 7.0 75 -33 5.0 -0.2
HUSV First Trust Horizon Managed Volatility Domestic ETF 7.0 70 -28 5.6 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 6.9 28 14 6.1 +0.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 6.9 75 -33 5.5 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 6.7 28 14 6.2 +1.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 6.6 7 35 6.6 +1.5
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.6 43 -1 4.3 -0.9
QUAL iShares MSCI Usa Quality Factor ETF 6.6 15 27 5.1 -0.1
XLG Invesco S&P 500 Top 50 ETF 6.6 20 22 4.3 -0.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 6.4 52 -10 5.1 -0.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 6.4 18 24 5.4 +0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 6.4 37 5 5.8 +0.6
QDF FlexShares Quality Dividend Index Fund 6.4 37 5 5.7 +0.6
FLRG Fidelity U.S. Multifactor ETF 6.4 29 13 6.2 +1.0
IBB iShares NASDAQ Biotechnology ETF 6.4 46 -4 0.7 -4.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 6.4 30 12 5.3 +0.1
SYE SPDR MFS Systematic Core Equity ETF 6.4 60 -18 5.4 +0.3
STLC iShares Factors US Blend Style ETF 6.3 25 17 5.0 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 6.3 4 38 6.3 +1.2
IWX iShares Russell Top 200 Value ETF 6.3 20 22 6.3 +1.2
IOO iShares Global 100 ETF 6.2 40 2 4.5 -0.7
SPLV Invesco S&P 500 Low Volatility ETF 6.2 25 17 5.5 +0.3
CCOR Core Alternative ETF 6.2 109 -67 4.5 -0.7
EDOW First Trust Dow 30 Equal Weight ETF 6.1 50 -8 5.3 +0.1
FDLO Fidelity Low Volatility Factor ETF 6.1 29 13 5.0 -0.2
DTD WisdomTree U.S.Total Dividend Fund 6.1 28 14 6.3 +1.1
YLDE ClearBridge Dividend Strategy ESG ETF 6.0 60 -18 4.6 -0.6
RECS Columbia Research Enhanced Core ETF 6.0 15 27 5.3 +0.2
USDY Pacific Global US Equity Income ETF 6.0 29 13 7.7 +2.5
CNCR Loncar Cancer Immunotherapy ETF 5.9 79 -37 -2.5 -7.7
VOOV Vanguard S&P 500 Value ETF 5.9 10 32 6.8 +1.6
MOO VanEck Vectors Agribusiness ETF 5.9 56 -14 4.9 -0.3
VFMV Vanguard U.S. Minimum Volatility ETF 5.8 13 29 4.3 -0.9
LSLT Salt Low truBeta US Market ETF 5.8 60 -18 5.6 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 5.8 12 30 5.1 -0.0
AUSF Global X Adaptive U.S. Factor ETF 5.8 27 15 8.5 +3.4
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 5.8 56 -14 6.2 +1.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 5.7 25 17 5.7 +0.5
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 5.7 49 -7 4.3 -0.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.7 37 5 5.7 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 5.6 15 27 5.5 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 5.6 75 -33 3.9 -1.3
IVE iShares S&P 500 Value ETF 5.6 18 24 6.7 +1.5
SPYV SPDR Portfolio S&P 500 Value ETF 5.6 4 38 6.8 +1.7
FPX First Trust US IPO Index Fund 5.5 58 -16 1.4 -3.8
SPXT ProShares S&P 500 Ex-Technology ETF 5.4 27 15 5.2 +0.0
USMV iShares Edge MSCI Min Vol USA ETF 5.4 15 27 5.4 +0.2
OEF iShares S&P 100 ETF 5.4 20 22 4.6 -0.6
STLG iShares Factors US Growth Style ETF 5.3 25 17 4.2 -1.0
RNDV US Equity Dividend Select ETF 5.3 50 -8 7.9 +2.7
IUSV iShares Core S&P U.S. Value ETF 5.2 4 38 6.9 +1.7
SUSL iShares ESG MSCI USA Leaders ETF 5.2 10 32 5.0 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 5.2 10 32 5.0 -0.2
DIVB iShares U.S. Dividend & Buyback ETF 5.2 25 17 6.3 +1.1

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 U.S. Pharmaceuticals 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 17.9 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.