iShares Global Healthcare ETF
ALTAR
Score™
6.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.6x P/Sales
ratio
2.1x
P/BV
ratio
3.6x Div.
yield
2.0%


  • 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 21, 2001
Assets (mns) $2,277
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 105
Wgt avg mkt cap (mns) $138,105
Large cap (>$10bn) 98.5%
Mid cap ($2-10bn) 1.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 6.9 %
UNITEDHEALTH GROUP INC 5.1 %
ROCHE HOLDING AG-GENUSSCHEIN 4.3 %
NOVARTIS AG-REG 3.9 %
PFIZER INC 3.7 %
MERCK & CO. INC. 3.6 %
ABBOTT LABORATORIES 3.0 %
ABBVIE INC 2.9 %
THERMO FISHER SCIENTIFIC INC 2.5 %
BRISTOL-MYERS SQUIBB CO 2.5 %
Total 38.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 64.9 %
SWITZERLAND 10.0 %
JAPAN 6.7 %
BRITAIN 4.8 %
IRELAND 2.7 %
DENMARK 2.6 %
GERMANY 2.1 %
FRANCE 2.0 %
AUSTRALIA 1.9 %
NETHERLANDS 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.1% 22.1% 6.8% 13.9% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 0.70 71%
MSCI EAFE 0.68 58%
MSCI Emg. Mkts. 0.50 48%

Technical Indicators
Recent close $69.62
30d moving avg. $68.36
Annualized volatility 14.1%
Short interest (ETF) 0.4%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 222
Turnover 0.7%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $35,047

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™: 6.2%


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 7.0 +0.8
FHLC Fidelity MSCI Health Care Index ETF 67.8 8 38 5.6 -0.6
VHT Vanguard Health Care Index Fund 67.8 10 36 5.5 -0.8
IYH iShares U.S. Healthcare ETF 66.6 43 3 6.1 -0.1
JHMH John Hancock Multifactor Healthcare ETF 63.0 40 6 6.0 -0.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 47.3 40 6 6.3 +0.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 44.3 18 28 5.6 -0.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 34.9 18 28 4.0 -2.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 33.2 60 -14 6.2 -0.1
GDNA Goldman Sachs Motif Human Evolution ETF 33.2 50 -4 0.3 -6.0
FXH First Trust Health Care AlphaDEX Fund 32.9 62 -16 4.4 -1.8
PJP Invesco Dynamic Pharmaceuticals ETF 29.7 56 -10 11.1 +4.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 28.2 15 31 4.8 -1.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 26.6 60 -14 7.2 +1.0
LNGR Global X Longevity Thematic ETF 25.6 50 -4 3.0 -3.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 25.0 75 -29 6.0 -0.2
MGV Vanguard Mega Cap Value ETF 24.7 7 39 7.0 +0.8
HLAL Wahed FTSE USA Shariah ETF 23.8 50 -4 4.6 -1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 23.0 12 34 4.9 -1.4
SPHQ Invesco S&P 500 Quality ETF 22.9 15 31 5.1 -1.1
VTV Vanguard Value Index Fund 22.5 4 42 7.1 +0.9
PPH VanEck Vectors Pharmaceutical ETF 22.2 36 10 10.1 +3.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.4 60 -14 4.6 -1.7
OUSA O'Shares FTSE US Quality Dividend ETF 21.3 48 -2 5.7 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 21.2 4 42 7.2 +0.9
IVE iShares S&P 500 Value ETF 21.2 18 28 7.0 +0.8
VOOV Vanguard S&P 500 Value ETF 20.9 15 31 7.1 +0.8
SPXT ProShares S&P 500 Ex-Technology ETF 20.6 27 19 5.6 -0.6
IHE iShares U.S. Pharmaceuticals ETF 20.5 42 4 5.3 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 20.2 49 -3 4.2 -2.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 20.2 68 -22 0.5 -5.7
IUSV iShares Core S&P U.S. Value ETF 19.9 4 42 7.2 +1.0
XT iShares Exponential Technologies ETF 19.4 47 -1 5.2 -1.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.4 30 16 5.0 -1.3
IHI iShares U.S. Medical Devices ETF 19.1 43 3 3.4 -2.8
IWX iShares Russell Top 200 Value ETF 18.5 20 26 6.9 +0.6
XPH SPDR S&P Pharmaceuticals ETF 18.5 35 11 4.8 -1.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 18.3 25 21 5.9 -0.4
JKF iShares Morningstar Large Cap Value ETF 18.3 25 21 7.5 +1.2
SPLV Invesco S&P 500 Low Volatility ETF 18.2 25 21 5.7 -0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 18.0 75 -29 4.5 -1.7
EFG iShares MSCI EAFE Growth ETF 17.9 40 6 4.7 -1.5
IDHQ Invesco S&P International Developed High Quality ETF 17.7 29 17 5.4 -0.8
RAFE PIMCO RAFI ESG U.S. ETF 17.6 29 17 7.5 +1.3
FTCS First Trust Capital Strength ETF 17.6 60 -14 4.9 -1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 17.5 12 34 5.1 -1.1
SPXN ProShares S&P 500 Ex-Financials ETF 17.5 27 19 5.1 -1.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.9 17 29 6.8 +0.6
VYM Vanguard High Dividend Yield Index ETF 16.9 6 40 7.1 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 16.9 4 42 6.9 +0.7
IEV iShares Europe ETF 16.8 59 -13 6.8 +0.6
SDGA Impact Shares Sustainable Development Goals Global ETF 16.7 75 -29 5.4 -0.9
HDV iShares Core High Dividend ETF 16.7 8 38 6.4 +0.2
PWV Invesco Dynamic Large Cap Value ETF 16.5 55 -9 8.0 +1.8
PBP Invesco S&P 500 BuyWrite ETF 16.5 49 -3 5.1 -1.1
FDRR Fidelity Dividend ETF for Rising Rates 16.4 29 17 6.9 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.3 28 18 6.5 +0.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.2 49 -3 5.4 -0.8
HSPX Global X S&P 500 Covered Call ETF 16.1 65 -19 4.9 -1.3
SFY SoFi Select 500 ETF 15.9 0 46 5.3 -0.9
DGRO iShares Core Dividend Growth ETF 15.8 8 38 6.4 +0.2
IWL iShares Russell Top 200 ETF 15.8 15 31 5.1 -1.1
BBEU JPMorgan BetaBuilders Europe ETF 15.8 9 37 7.3 +1.0
IOO iShares Global 100 ETF 15.7 40 6 4.9 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 15.7 27 19 5.4 -0.8
IUS Invesco Strategic US ETF 15.7 19 27 6.2 -0.1
JKE iShares Morningstar Large-Cap Growth ETF 15.6 25 21 3.5 -2.7
JVAL JPMorgan U.S. Value Factor ETF 15.6 12 34 8.5 +2.3
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 15.5 52 -6 5.4 -0.9
IQSU IQ Candriam ESG US Equity ETF 15.5 9 37 5.3 -1.0
DSTL Distillate US Fundamental Stability & Value ETF 15.5 39 7 6.4 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.4 20 26 5.5 -0.8
SDG iShares Sustainable MSCI Global Impact ETF 15.4 49 -3 6.1 -0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.3 45 1 6.8 +0.6
XHE SPDR S&P Health Care Equipment ETF 15.3 35 11 1.8 -4.4
DLN WisdomTree U.S. LargeCap Dividend Fund 15.3 28 18 6.3 +0.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.3 30 16 6.8 +0.6
SPLG SPDR Portfolio Large Cap ETF 15.2 3 43 5.5 -0.8
MGC Vanguard Mega Cap Index Fund 15.2 7 39 5.3 -0.9
FLEE Franklin FTSE Europe ETF 15.2 9 37 7.0 +0.8
TTAC TrimTabs Float Shrink ETF 15.2 59 -13 3.6 -2.6
IVV iShares Core S&P 500 ETF 15.2 4 42 5.5 -0.8
SPY SPDR S&P 500 ETF Trust 15.1 9 37 5.4 -0.8
AIEQ AI Powered Equity ETF 15.1 87 -41 3.4 -2.9
QDEF FlexShares Quality Dividend Defensive Index Fund 15.1 37 9 6.2 -0.0
RBUS Nationwide Risk-Based U.S. Equity ETF 15.1 30 16 5.1 -1.2
FLEH Franklin FTSE Europe Hedged ETF 15.0 9 37 7.2 +0.9
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.0 52 -6 5.9 -0.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.0 9 37 5.6 -0.7
DEF Invesco Defensive Equity ETF 14.9 55 -9 5.1 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 14.8 15 31 5.8 -0.4
VOO VANGUARD S&P 500 ETF 14.8 3 43 5.5 -0.8
SUSL iShares ESG MSCI USA Leaders ETF 14.8 10 36 5.4 -0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 14.8 10 36 5.4 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 14.8 30 16 6.8 +0.6
CCOR Core Alternative ETF 14.7 123 -77 4.2 -2.0
RWL Invesco S&P 500 Revenue ETF 14.7 39 7 6.7 +0.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 14.7 7 39 6.5 +0.3
QUAL iShares MSCI Usa Quality Factor ETF 14.7 15 31 5.4 -0.8
QDF FlexShares Quality Dividend Index Fund 14.7 37 9 6.8 +0.5

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 22.7 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.