iShares Global Healthcare ETF
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.8x P/Sales
ratio
2.1x
P/BV
ratio
3.6x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Healthcare Sector Index Fund seeks investment results that correspond to the performance of the S&P Global Healthcare Index. The Fund uses a Representative Sampling strategy

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 13, 2001
Assets (mns) $2,314
Currency USD
Expense ratio 46 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 111
Wgt avg mkt cap (mns) $138,004
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 6.5 %
UNITEDHEALTH GROUP INC 5.2 %
ROCHE HOLDING AG-GENUSSCHEIN 4.0 %
NOVARTIS AG-REG 3.6 %
PFIZER INC 3.5 %
MERCK & CO. INC. 3.4 %
ABBOTT LABORATORIES 3.3 %
THERMO FISHER SCIENTIFIC INC 3.1 %
ABBVIE INC 2.5 %
MEDTRONIC PLC 2.5 %
Total 37.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 64.8 %
SWITZERLAND 9.7 %
JAPAN 6.3 %
BRITAIN 4.3 %
DENMARK 2.9 %
IRELAND 2.9 %
AUSTRALIA 2.2 %
GERMANY 2.0 %
FRANCE 2.0 %
NETHERLANDS 1.0 %

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.
5.3% 19.3% 9.9% 13.1% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 0.67 70%
MSCI EAFE 0.67 57%
MSCI Emg. Mkts. 0.48 46%

Technical Indicators
Recent close $71.96
30d moving avg. $71.86
Annualized volatility 14.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 123
Turnover 0.4%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $24,360

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Global Healthcare ETF ETF based on the alternatives' overlap in portfolio holdings with IXJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IXJ Expense: 46 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXJ
Ticker Fund
Name
Overlap1
vs IXJ
(%)
Expense
ratio
(bp)
Savings
vs IXJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs IXJ
(%)
XLV Health Care Select Sector SPDR Fund 67.8 13 33 7.1 +0.7
FHLC Fidelity MSCI Health Care Index ETF 67.8 8 38 5.5 -0.9
VHT Vanguard Health Care Index Fund 67.8 10 36 5.4 -1.0
IYH iShares U.S. Healthcare ETF 66.7 43 3 6.1 -0.3
JHMH John Hancock Multifactor Healthcare ETF 62.2 40 6 6.0 -0.4
RYH Invesco S&P 500 Equal Weight Health Care ETF 47.5 40 6 6.7 +0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 45.6 18 28 5.4 -1.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 33.9 60 -14 6.3 -0.1
GDNA Goldman Sachs Motif Human Evolution ETF 32.7 50 -4 0.5 -5.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 31.5 18 28 3.3 -3.1
FXH First Trust Health Care AlphaDEX Fund 26.2 62 -16 3.9 -2.5
PJP Invesco Dynamic Pharmaceuticals ETF 25.5 56 -10 12.9 +6.5
FTXH First Trust Nasdaq Pharmaceuticals ETF 25.4 60 -14 11.6 +5.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 25.3 15 31 4.1 -2.3
LNGR Global X Longevity Thematic ETF 25.2 50 -4 3.2 -3.2
JKD iShares Morningstar Large-Cap ETF 25.0 20 26 5.5 -0.9
HLAL Wahed FTSE USA Shariah ETF 24.3 50 -4 4.3 -2.1
MGV Vanguard Mega Cap Value ETF 24.1 7 39 7.1 +0.7
SPHQ Invesco S&P 500 Quality ETF 22.5 15 31 4.4 -2.0
VIRS Pacer BioThreat Strategy ETF 22.4 70 -24 4.5 -1.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 21.8 12 34 4.6 -1.8
IHI iShares U.S. Medical Devices ETF 21.6 42 4 3.1 -3.3
VOOV Vanguard S&P 500 Value ETF 21.4 10 36 7.1 +0.7
HTEC ROBO Global Healthcare Technology & Innovation ETF 21.2 68 -22 0.1 -6.3
PPH VanEck Vectors Pharmaceutical ETF 21.0 36 10 11.3 +4.9
GBLO Global Beta Low Beta ETF 21.0 29 17 7.2 +0.9
VTV Vanguard Value Index Fund 20.4 4 42 7.2 +0.8
PWB Invesco Dynamic Large Cap Growth ETF 20.3 56 -10 3.2 -3.2
IVE iShares S&P 500 Value ETF 20.1 18 28 7.0 +0.6
SPYV SPDR Portfolio S&P 500 Value ETF 20.1 4 42 7.1 +0.8
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.7 25 21 5.7 -0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.6 30 16 4.4 -2.0
IHE iShares U.S. Pharmaceuticals ETF 19.4 42 4 5.3 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 19.2 27 19 5.4 -1.0
OUSA O'Shares FTSE US Quality Dividend ETF 18.9 48 -2 5.7 -0.7
IUSV iShares Core S&P U.S. Value ETF 18.8 4 42 7.2 +0.8
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 18.5 56 -10 6.5 +0.1
ALTL Pacer Lunt Large Cap Alternator ETF 18.4 60 -14 5.1 -1.3
SPLV Invesco S&P 500 Low Volatility ETF 18.4 25 21 5.4 -1.0
XT iShares Exponential Technologies ETF 17.8 47 -1 4.8 -1.6
DURA VanEck Vectors Morningstar Durable Dividend ETF 17.7 29 17 8.4 +2.0
EFG iShares MSCI EAFE Growth ETF 17.5 40 6 4.5 -1.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.4 49 -3 3.9 -2.5
IWX iShares Russell Top 200 Value ETF 17.3 20 26 6.6 +0.2
XPH SPDR S&P Pharmaceuticals ETF 17.1 35 11 3.9 -2.5
SPMO Invesco S&P 500 Momentum ETF 17.0 13 33 3.9 -2.5
HDV iShares Core High Dividend ETF 16.9 8 38 7.1 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.8 60 -14 3.9 -2.5
IDMO Invesco S&P International Developed Momentum ETF 16.4 26 20 4.0 -2.4
DGRO iShares Core Dividend Growth ETF 16.1 8 38 6.5 +0.1
IDHQ Invesco S&P International Developed Quality ETF 16.1 29 17 5.1 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 16.0 29 17 7.4 +1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 15.9 19 27 5.8 -0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.8 30 16 6.4 0.0
SPXN ProShares S&P 500 Ex-Financials ETF 15.8 27 19 4.7 -1.7
FTCS First Trust Capital Strength ETF 15.5 58 -12 4.7 -1.7
IEV iShares Europe ETF 15.4 59 -13 6.9 +0.5
XHE SPDR S&P Health Care Equipment ETF 15.3 35 11 1.6 -4.8
VIG Vanguard Dividend Appreciation Index Fund 15.2 6 40 5.1 -1.3
JMIN JPMorgan U.S. Minimum Volatility ETF 15.2 12 34 5.4 -1.0
USMV iShares Edge MSCI Min Vol USA ETF 15.2 15 31 5.4 -1.0
RBUS Nationwide Risk-Based U.S. Equity ETF 15.1 30 16 4.6 -1.8
QUS SPDR MSCI USA StrategicFactors ETF 15.1 15 31 5.7 -0.7
WOMN Impact Shares YWCA Women's Empowerment ETF 15.0 75 -29 4.1 -2.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.0 17 29 6.6 +0.2
SDGA Impact Shares Sustainable Development Goals Global ETF 15.0 75 -29 5.2 -1.2
QDEF FlexShares Quality Dividend Defensive Index Fund 14.9 37 9 5.8 -0.6
VYM Vanguard High Dividend Yield Index ETF 14.8 6 40 7.3 +0.9
FDRR Fidelity Dividend ETF for Rising Rates 14.7 29 17 6.6 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 14.7 9 37 7.4 +1.0
HSPX Global X S&P 500 Covered Call ETF 14.6 60 -14 4.8 -1.6
RESD WisdomTree International ESG Fund 14.6 30 16 6.8 +0.4
PBP Invesco S&P 500 BuyWrite ETF 14.6 49 -3 4.8 -1.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 14.5 28 18 6.3 -0.1
PWV Invesco Dynamic Large Cap Value ETF 14.5 56 -10 8.0 +1.7
CCOR Core Alternative ETF 14.5 109 -63 4.5 -1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 14.4 25 21 6.1 -0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 14.3 45 1 6.8 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 14.3 4 42 6.6 +0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.2 9 37 5.3 -1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 14.2 60 -14 4.8 -1.6
SFY SoFi Select 500 ETF 14.1 0 46 4.9 -1.5
IWL iShares Russell Top 200 ETF 14.1 15 31 4.7 -1.7
BMED BlackRock Future Health ETF 14.1 85 -39 -1.1 -7.5
SPXE ProShares S&P 500 Ex-Energy ETF 14.1 27 19 5.0 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.1 20 26 5.1 -1.3
FLEE Franklin FTSE Europe ETF 14.1 9 37 7.1 +0.7
ESGV Vanguard ESG U.S. Stock ETF 14.0 12 34 4.9 -1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 14.0 28 18 6.3 -0.1
FLEH Franklin FTSE Europe Hedged ETF 14.0 9 37 7.2 +0.8
PTH Invesco DWA Healthcare Momentum ETF 14.0 60 -14 -4.9 -11.3
SPY SPDR S&P 500 ETF Trust 14.0 9 37 5.1 -1.3
IVV iShares Core S&P 500 ETF 14.0 3 43 5.2 -1.2
SPLG SPDR Portfolio Large Cap ETF 13.9 3 43 5.2 -1.2
MGC Vanguard Mega Cap Index Fund 13.9 7 39 4.9 -1.5
DEF Invesco Defensive Equity ETF 13.9 55 -9 5.1 -1.3
EFIV SPDR S&P 500 ESG ETF 13.9 10 36 4.9 -1.5
SNPE Xtrackers S&P 500 ESG ETF 13.9 10 36 4.9 -1.5
QLC FlexShares US Quality Large Cap Index Fund 13.9 32 14 5.0 -1.4
IOO iShares Global 100 ETF 13.8 40 6 4.6 -1.8

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 Global Healthcare ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.3 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.