iShares U.S. Healthcare ETF
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
19.9x P/Sales
ratio
2.2x
P/BV
ratio
4.2x Div.
yield
1.5%


  • 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 12, 2000
Assets (mns) $2,352
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 122
Wgt avg mkt cap (mns) $137,438
Large cap (>$10bn) 93.1%
Mid cap ($2-10bn) 6.4%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 8.6 %
UNITEDHEALTH GROUP INC 7.0 %
PFIZER INC 4.7 %
MERCK & CO. INC. 4.5 %
ABBOTT LABORATORIES 4.3 %
THERMO FISHER SCIENTIFIC INC 4.2 %
ABBVIE INC 3.4 %
MEDTRONIC PLC 3.3 %
DANAHER CORP 3.2 %
BRISTOL-MYERS SQUIBB CO 3.1 %
Total 46.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 4.4 %
BRITAIN 0.4 %








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.
6.4% 21.7% 11.9% 15.3% 7.7%

Market Correlations
versus... Beta R-squared
S&P500 0.76 71%
MSCI EAFE 0.73 54%
MSCI Emg. Mkts. 0.54 47%

Technical Indicators
Recent close $231.76
30d moving avg. $227.82
Annualized volatility 16.0%
Short interest (ETF) 3.2%
Short interest (Underlying) 2.5%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 43
Turnover 0.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $25,763

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 90.4 8 35 5.5 -0.7
XLV Health Care Select Sector SPDR Fund 88.8 13 30 7.1 +1.0
VHT Vanguard Health Care Index Fund 88.6 10 33 5.4 -0.8
JHMH John Hancock Multifactor Healthcare ETF 77.2 40 3 6.0 -0.1
IXJ iShares Global Healthcare ETF 66.7 46 -3 6.4 +0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 61.0 18 25 5.4 -0.8
RYH Invesco S&P 500 Equal Weight Health Care ETF 54.5 40 3 6.7 +0.6
IEIH iShares Evolved U.S. Innovative Healthcare ETF 48.0 18 25 3.3 -2.9
FXH First Trust Health Care AlphaDEX Fund 38.2 62 -19 3.9 -2.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 36.4 60 -17 6.3 +0.1
PJP Invesco Dynamic Pharmaceuticals ETF 33.1 56 -13 12.9 +6.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 32.7 60 -17 11.6 +5.5
IHI iShares U.S. Medical Devices ETF 30.4 42 1 3.1 -3.0
GDNA Goldman Sachs Motif Human Evolution ETF 29.3 50 -7 0.5 -5.6
VIRS Pacer BioThreat Strategy ETF 28.2 70 -27 4.5 -1.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 27.7 15 28 4.1 -2.1
LNGR Global X Longevity Thematic ETF 26.6 50 -7 3.2 -3.0
IHE iShares U.S. Pharmaceuticals ETF 26.6 42 1 5.3 -0.9
PPH VanEck Vectors Pharmaceutical ETF 26.4 36 7 11.3 +5.1
JKD iShares Morningstar Large-Cap ETF 25.0 20 23 5.5 -0.7
HLAL Wahed FTSE USA Shariah ETF 24.2 50 -7 4.3 -1.8
MGV Vanguard Mega Cap Value ETF 24.1 7 36 7.1 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 23.9 56 -13 3.2 -2.9
SPHQ Invesco S&P 500 Quality ETF 22.1 15 28 4.4 -1.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 21.9 29 14 8.4 +2.3
HTEC ROBO Global Healthcare Technology & Innovation ETF 21.9 68 -25 0.1 -6.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 21.8 12 31 4.6 -1.5
XPH SPDR S&P Pharmaceuticals ETF 21.4 35 8 3.9 -2.2
GBLO Global Beta Low Beta ETF 21.2 29 14 7.2 +1.1
VOOV Vanguard S&P 500 Value ETF 21.0 10 33 7.1 +1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 20.8 25 18 5.7 -0.4
VTV Vanguard Value Index Fund 20.3 4 39 7.2 +1.0
XHE SPDR S&P Health Care Equipment ETF 20.0 35 8 1.6 -4.6
IVE iShares S&P 500 Value ETF 19.7 18 25 7.0 +0.9
SPYV SPDR Portfolio S&P 500 Value ETF 19.7 4 39 7.1 +1.0
PTH Invesco DWA Healthcare Momentum ETF 19.0 60 -17 -4.9 -11.1
HDV iShares Core High Dividend ETF 18.9 8 35 7.1 +1.0
SPXT ProShares S&P 500 Ex-Technology ETF 18.9 27 16 5.4 -0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 18.9 30 13 4.6 -1.6
IUSV iShares Core S&P U.S. Value ETF 18.8 4 39 7.2 +1.1
OUSA O'Shares FTSE US Quality Dividend ETF 18.7 48 -5 5.7 -0.4
ALTL Pacer Lunt Large Cap Alternator ETF 18.7 60 -17 5.1 -1.1
SPLV Invesco S&P 500 Low Volatility ETF 18.7 25 18 5.4 -0.7
BMED BlackRock Future Health ETF 18.6 85 -42 -1.1 -7.3
IHF iShares U.S. Healthcare Providers ETF 17.8 42 1 7.3 +1.1
IWX iShares Russell Top 200 Value ETF 17.3 20 23 6.6 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.2 49 -6 3.9 -2.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 17.1 34 9 4.5 -1.6
FTCS First Trust Capital Strength ETF 17.1 58 -15 4.7 -1.4
SPMO Invesco S&P 500 Momentum ETF 17.0 13 30 3.9 -2.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.8 60 -17 3.9 -2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 16.6 30 13 6.4 +0.3
JMIN JPMorgan U.S. Minimum Volatility ETF 16.4 12 31 5.4 -0.8
PWV Invesco Dynamic Large Cap Value ETF 16.3 56 -13 8.0 +1.9
RAFE PIMCO RAFI ESG U.S. ETF 16.0 29 14 7.4 +1.3
IBB iShares NASDAQ Biotechnology ETF 15.9 46 -3 0.5 -5.6
DGRO iShares Core Dividend Growth ETF 15.9 8 35 6.5 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 15.7 19 24 5.8 -0.3
USMV iShares Edge MSCI Min Vol USA ETF 15.6 15 28 5.4 -0.7
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 15.6 60 -17 3.0 -3.1
ESGV Vanguard ESG U.S. Stock ETF 15.5 12 31 4.9 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 15.5 27 16 4.7 -1.4
QVM Arrow QVM Equity Factor ETF 15.3 65 -22 4.8 -1.4
FTC First Trust Large Cap Growth AlphaDEX Fund 15.3 61 -18 2.7 -3.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 15.2 35 8 5.5 -0.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 15.2 35 8 5.5 -0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 15.2 16 27 5.3 -0.9
VIG Vanguard Dividend Appreciation Index Fund 15.1 6 37 5.1 -1.0
BBH VanEck Vectors Biotech ETF 15.0 35 8 3.9 -2.2
CCOR Core Alternative ETF 15.0 109 -66 4.5 -1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 14.9 75 -32 4.1 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 14.9 15 28 5.7 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 14.9 9 34 5.3 -0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 14.8 17 26 6.6 +0.5
FCPI Fidelity Stocks for Inflation ETF 14.8 29 14 6.2 +0.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 14.8 28 15 6.3 +0.1
VYM Vanguard High Dividend Yield Index ETF 14.7 6 37 7.3 +1.1
FBT First Trust NYSE Arca Biotechnology Index Fund 14.7 55 -12 -1.0 -7.1
EQWL Invesco Russell Top 200 Equal Weight ETF 14.7 25 18 6.1 -0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 14.7 37 6 5.8 -0.3
CACG ClearBridge All Cap Growth ETF 14.7 54 -11 4.2 -2.0
SFY SoFi Select 500 ETF 14.6 0 43 4.9 -1.2
XT iShares Exponential Technologies ETF 14.6 47 -4 4.8 -1.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 14.5 35 8 5.3 -0.9
SCHV Schwab U.S. Large-Cap Value ETF 14.5 4 39 6.6 +0.5
HSPX Global X S&P 500 Covered Call ETF 14.4 60 -17 4.8 -1.4
PBP Invesco S&P 500 BuyWrite ETF 14.3 49 -6 4.8 -1.4
SCIU Global X Scientific Beta US ETF 14.3 19 24 0.0 -6.1
ROUS Hartford Multifactor US Equity ETF 14.3 19 24 6.3 +0.1
AFLG First Trust Active Factor Large Cap ETF 14.3 55 -12 5.2 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 14.2 12 31 4.5 -1.6
IWL iShares Russell Top 200 ETF 14.1 15 28 4.7 -1.4
IWP iShares Russell Mid-Cap Growth ETF 14.1 24 19 2.9 -3.3
DEF Invesco Defensive Equity ETF 14.0 55 -12 5.1 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 14.0 29 14 6.6 +0.5
VONV Vanguard Russell 1000 Value Index Fund 14.0 8 35 6.8 +0.7
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 13.9 49 -6 4.3 -1.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 13.9 60 -17 3.7 -2.5
XYLG Global X S&P 500 Covered Call & Growth ETF 13.9 60 -17 4.8 -1.4
MGC Vanguard Mega Cap Index Fund 13.9 7 36 4.9 -1.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 24.0 %
Divided by: Fwd. P/BV 3.7 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
1.51
 
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.