iShares U.S. Healthcare ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.6x P/Sales
ratio
2.0x
P/BV
ratio
3.9x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares U.S. Healthcare ETF is an exchange-traded fund incorporated in the USA. The Fund's objective seeks investment results that correspond to the performance of the Dow Jones U.S. Healthcare Sector Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 16, 2000
Assets (mns) $2,426
Currency USD
Expense ratio 43 bp
Distributions Quarterly

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 118
Wgt avg mkt cap (mns) $136,941
Large cap (>$10bn) 93.8%
Mid cap ($2-10bn) 5.9%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 9.4 %
UNITEDHEALTH GROUP INC 6.9 %
PFIZER INC 5.1 %
MERCK & CO. INC. 4.9 %
ABBOTT LABORATORIES 4.0 %
ABBVIE INC 3.9 %
THERMO FISHER SCIENTIFIC INC 3.4 %
BRISTOL-MYERS SQUIBB CO 3.4 %
AMGEN INC 3.3 %
MEDTRONIC PLC 3.2 %
Total 47.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
IRELAND 4.1 %
BRITAIN 0.3 %








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.
2.6% 21.9% 8.4% 15.7% 7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.78 71%
MSCI EAFE 0.74 55%
MSCI Emg. Mkts. 0.57 49%

Technical Indicators
Recent close $217.57
30d moving avg. $214.55
Annualized volatility 15.7%
Short interest (ETF) 2.7%
Short interest (Underlying) 2.5%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 104
Turnover 0.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $33,712

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IYH Expense: 43 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYH
Ticker Fund
Name
Overlap1
vs IYH
(%)
Expense
ratio
(bp)
Savings
vs IYH
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYH
(%)
FHLC Fidelity MSCI Health Care Index ETF 91.6 8 35 5.6 -0.5
XLV Health Care Select Sector SPDR Fund 90.6 13 30 7.0 +0.9
VHT Vanguard Health Care Index Fund 90.5 10 33 5.5 -0.6
JHMH John Hancock Multifactor Healthcare ETF 76.8 40 3 6.0 -0.1
IXJ iShares Global Healthcare ETF 66.6 46 -3 6.2 +0.1
IEHS iShares Evolved U.S. Healthcare Staples ETF 59.3 18 25 5.6 -0.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 54.3 40 3 6.3 +0.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 52.1 18 25 4.0 -2.1
FXH First Trust Health Care AlphaDEX Fund 42.9 62 -19 4.4 -1.6
PJP Invesco Dynamic Pharmaceuticals ETF 38.8 56 -13 11.1 +5.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 35.0 60 -17 6.2 +0.1
FTXH First Trust Nasdaq Pharmaceuticals ETF 34.7 60 -17 7.2 +1.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 30.2 15 28 4.8 -1.2
GDNA Goldman Sachs Motif Human Evolution ETF 28.8 50 -7 0.3 -5.8
PPH VanEck Vectors Pharmaceutical ETF 28.2 36 7 10.1 +4.0
IHE iShares U.S. Pharmaceuticals ETF 28.0 42 1 5.3 -0.8
IHI iShares U.S. Medical Devices ETF 27.5 43 0 3.4 -2.7
LNGR Global X Longevity Thematic ETF 27.3 50 -7 3.0 -3.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 24.9 75 -32 6.0 -0.1
MGV Vanguard Mega Cap Value ETF 24.7 7 36 7.0 +0.9
SPHQ Invesco S&P 500 Quality ETF 24.0 15 28 5.1 -1.0
HLAL Wahed FTSE USA Shariah ETF 23.5 50 -7 4.6 -1.5
XPH SPDR S&P Pharmaceuticals ETF 23.2 35 8 4.8 -1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 23.0 12 31 4.9 -1.2
VTV Vanguard Value Index Fund 22.3 4 39 7.1 +1.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 21.8 68 -25 0.5 -5.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.4 60 -17 4.6 -1.5
OUSA O'Shares FTSE US Quality Dividend ETF 21.2 48 -5 5.7 -0.4
SPYV SPDR Portfolio S&P 500 Value ETF 20.8 4 39 7.2 +1.1
IVE iShares S&P 500 Value ETF 20.7 18 25 7.0 +0.9
VOOV Vanguard S&P 500 Value ETF 20.5 15 28 7.1 +1.0
XHE SPDR S&P Health Care Equipment ETF 20.3 35 8 1.8 -4.3
SPXT ProShares S&P 500 Ex-Technology ETF 20.3 27 16 5.6 -0.5
FTCS First Trust Capital Strength ETF 20.2 60 -17 4.9 -1.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 19.9 49 -6 4.2 -1.9
IUSV iShares Core S&P U.S. Value ETF 19.8 4 39 7.2 +1.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 19.2 25 18 5.9 -0.2
HDV iShares Core High Dividend ETF 18.9 8 35 6.4 +0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 18.6 30 13 5.1 -1.0
SPLV Invesco S&P 500 Low Volatility ETF 18.5 25 18 5.7 -0.4
IWX iShares Russell Top 200 Value ETF 18.5 20 23 6.9 +0.8
PWV Invesco Dynamic Large Cap Value ETF 18.5 55 -12 8.0 +1.9
JKF iShares Morningstar Large Cap Value ETF 18.3 25 18 7.5 +1.4
IHF iShares U.S. Healthcare Providers ETF 18.1 43 0 7.4 +1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.0 12 31 5.1 -1.0
PTH Invesco DWA Healthcare Momentum ETF 17.8 60 -17 -2.6 -8.7
AIEQ AI Powered Equity ETF 17.8 87 -44 3.4 -2.7
WOMN Impact Shares YWCA Women's Empowerment ETF 17.7 75 -32 4.5 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 17.7 29 14 7.5 +1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 17.5 17 26 6.8 +0.7
IBB iShares NASDAQ Biotechnology ETF 17.2 47 -4 0.4 -5.7
SPXN ProShares S&P 500 Ex-Financials ETF 17.2 27 16 5.1 -1.0
SCHV Schwab U.S. Large-Cap Value ETF 16.9 4 39 6.9 +0.8
JKE iShares Morningstar Large-Cap Growth ETF 16.8 25 18 3.5 -2.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.8 28 15 6.5 +0.4
VYM Vanguard High Dividend Yield Index ETF 16.7 6 37 7.1 +1.0
TTAC TrimTabs Float Shrink ETF 16.6 59 -16 3.6 -2.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 16.6 29 14 6.8 +0.7
FMK First Trust Mega Cap AlphaDEX Fund 16.5 70 -27 5.2 -0.9
SFY SoFi Select 500 ETF 16.5 0 43 5.3 -0.8
FBT First Trust NYSE Arca Biotechnology Index Fund 16.3 57 -14 -1.0 -7.0
DSTL Distillate US Fundamental Stability & Value ETF 16.3 39 4 6.4 +0.3
PBP Invesco S&P 500 BuyWrite ETF 16.2 49 -6 5.1 -1.0
BBH VanEck Vectors Biotech ETF 16.1 35 8 3.7 -2.4
XT iShares Exponential Technologies ETF 16.1 47 -4 5.2 -0.9
DJD Invesco Dow Jones Industrial Average Dividend ETF 16.1 7 36 6.5 +0.4
CACG ClearBridge All Cap Growth ETF 16.1 54 -11 4.5 -1.6
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.0 49 -6 5.4 -0.7
PWB Invesco Dynamic Large Cap Growth ETF 16.0 55 -12 3.5 -2.6
IWL iShares Russell Top 200 ETF 15.8 15 28 5.1 -0.9
HSPX Global X S&P 500 Covered Call ETF 15.8 65 -22 4.9 -1.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 15.7 34 9 5.2 -0.9
DGRO iShares Core Dividend Growth ETF 15.6 8 35 6.4 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 15.6 29 14 6.9 +0.8
JVAL JPMorgan U.S. Value Factor ETF 15.5 12 31 8.5 +2.4
IUS Invesco Strategic US ETF 15.5 19 24 6.2 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 15.4 27 16 5.4 -0.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 15.4 52 -9 5.9 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.4 9 34 5.6 -0.5
FTHI First Trust High Income ETF 15.3 85 -42 5.4 -0.7
IQSU IQ Candriam ESG US Equity ETF 15.3 9 34 5.3 -0.8
CCOR Core Alternative ETF 15.2 123 -80 4.2 -1.8
MGC Vanguard Mega Cap Index Fund 15.2 7 36 5.3 -0.8
ESGV Vanguard ESG U.S. Stock ETF 15.1 12 31 5.3 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.1 20 23 5.5 -0.6
IWD iShares Russell 1000 Value ETF 15.1 19 24 6.9 +0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 15.0 28 15 6.3 +0.2
FVAL Fidelity Value Factor ETF 15.0 29 14 8.0 +1.9
QDEF FlexShares Quality Dividend Defensive Index Fund 15.0 37 6 6.2 +0.1
SPLG SPDR Portfolio Large Cap ETF 15.0 3 40 5.5 -0.6
IVV iShares Core S&P 500 ETF 14.9 4 39 5.5 -0.6
SPY SPDR S&P 500 ETF Trust 14.9 9 34 5.4 -0.7
QUAL iShares MSCI Usa Quality Factor ETF 14.9 15 28 5.4 -0.7
ROUS Hartford Multifactor US Equity ETF 14.9 19 24 7.1 +1.0
DEF Invesco Defensive Equity ETF 14.9 55 -12 5.1 -1.0
RWL Invesco S&P 500 Revenue ETF 14.8 39 4 6.7 +0.6
PBUS Invesco PureBeta MSCI USA ETF 14.8 4 39 5.3 -0.8
JQUA JPMorgan U.S. Quality Factor ETF 14.8 12 31 5.2 -0.9
VONV Vanguard Russell 1000 Value Index Fund 14.7 8 35 7.0 +0.9
CLRG IQ Chaikin U.S. Large Cap ETF 14.7 25 18 6.0 -0.1

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. Healthcare 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 23.7 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 43 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.53
 
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.