John Hancock Multifactor Healthcare ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.3x P/Sales
ratio
1.4x
P/BV
ratio
3.8x Div.
yield
1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The John Hancock Multifactor Health Care ETF tracks an index of US health care stocks, weighted for exposure to 4 factors: small size, low relative price, high profitability and high momentum.

FUND BASICS
Category US Equities
Fund Sponsor John Hancock
Website etf.jhinvestments.com
Inception date Sep 29, 2015
Assets (mns) $45
Currency USD
Expense ratio 40 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 130
Wgt avg mkt cap (mns) $101,481
Large cap (>$10bn) 89.1%
Mid cap ($2-10bn) 10.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 5.9 %
UNITEDHEALTH GROUP INC 5.6 %
PFIZER INC 4.1 %
MERCK & CO. INC. 3.7 %
ABBOTT LABORATORIES 2.5 %
THERMO FISHER SCIENTIFIC INC 2.4 %
GILEAD SCIENCES INC 2.2 %
AMGEN INC 2.2 %
ABBVIE INC 2.2 %
BRISTOL-MYERS SQUIBB CO 2.1 %
Total 32.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
IRELAND 4.0 %
BRITAIN 0.7 %
NETHERLANDS 0.1 %







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.
4.3% 23.0% -- -- 11.6%

Market Correlations
versus... Beta R-squared
S&P500 0.84 74%
MSCI EAFE 0.80 57%
MSCI Emg. Mkts. 0.60 50%

Technical Indicators
Recent close $38.25
30d moving avg. $37.45
Annualized volatility 16.6%
Short interest (ETF) 1.5%
Short interest (Underlying) 2.9%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.3%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $35,184

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the John Hancock Multifactor Healthcare ETF ETF based on the alternatives' overlap in portfolio holdings with JHMH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JHMH Expense: 40 bp ALTAR Score™: 6.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JHMH
Ticker Fund
Name
Overlap1
vs JHMH
(%)
Expense
ratio
(bp)
Savings
vs JHMH
(bp)
ALTAR
Score™
(%)
ALTAR
vs JHMH
(%)
FHLC Fidelity MSCI Health Care Index ETF 77.5 8 32 5.6 -0.4
VHT Vanguard Health Care Index Fund 77.4 10 30 5.5 -0.5
IYH iShares U.S. Healthcare ETF 76.8 43 -3 6.1 +0.1
XLV Health Care Select Sector SPDR Fund 71.6 13 27 7.0 +1.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 64.9 40 0 6.3 +0.4
IXJ iShares Global Healthcare ETF 63.0 46 -6 6.2 +0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 56.4 18 22 5.6 -0.4
FXH First Trust Health Care AlphaDEX Fund 52.8 62 -22 4.4 -1.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 45.5 60 -20 6.2 +0.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 43.3 18 22 4.0 -2.0
PJP Invesco Dynamic Pharmaceuticals ETF 31.6 56 -16 11.1 +5.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 29.9 15 25 4.8 -1.1
GDNA Goldman Sachs Motif Human Evolution ETF 28.9 50 -10 0.3 -5.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 27.0 60 -20 7.2 +1.2
LNGR Global X Longevity Thematic ETF 26.7 50 -10 3.0 -3.0
HTEC ROBO Global Healthcare Technology & Innovation ETF 26.7 68 -28 0.5 -5.5
IHI iShares U.S. Medical Devices ETF 25.5 43 -3 3.4 -2.6
PPH VanEck Vectors Pharmaceutical ETF 24.9 36 4 10.1 +4.1
MGV Vanguard Mega Cap Value ETF 24.7 7 33 7.0 +1.0
HLAL Wahed FTSE USA Shariah ETF 24.1 50 -10 4.6 -1.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 23.9 75 -35 6.0 +0.0
XHE SPDR S&P Health Care Equipment ETF 23.5 35 5 1.8 -4.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 23.2 25 15 5.9 -0.1
SPLV Invesco S&P 500 Low Volatility ETF 23.0 25 15 5.7 -0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 23.0 30 10 5.1 -0.9
SPHQ Invesco S&P 500 Quality ETF 22.8 15 25 5.1 -0.9
VTV Vanguard Value Index Fund 22.6 4 36 7.1 +1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 22.3 12 28 4.9 -1.1
AIEQ AI Powered Equity ETF 21.9 87 -47 3.4 -2.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.8 60 -20 4.6 -1.4
IHE iShares U.S. Pharmaceuticals ETF 21.7 42 -2 5.3 -0.7
OUSA O'Shares FTSE US Quality Dividend ETF 21.3 48 -8 5.7 -0.3
SPYV SPDR Portfolio S&P 500 Value ETF 21.2 4 36 7.2 +1.2
IVE iShares S&P 500 Value ETF 21.2 18 22 7.0 +1.1
VOOV Vanguard S&P 500 Value ETF 20.9 15 25 7.1 +1.1
XPH SPDR S&P Pharmaceuticals ETF 20.6 35 5 4.8 -1.2
SPXT ProShares S&P 500 Ex-Technology ETF 20.6 27 13 5.6 -0.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 20.2 49 -9 4.2 -1.8
IUSV iShares Core S&P U.S. Value ETF 20.2 4 36 7.2 +1.3
JKH iShares Morningstar Mid-Cap Growth ETF 20.1 30 10 2.5 -3.5
XHS SPDR S&P Health Care Services ETF 19.9 35 5 5.3 -0.7
DSTL Distillate US Fundamental Stability & Value ETF 19.8 39 1 6.4 +0.4
FTCS First Trust Capital Strength ETF 19.7 60 -20 4.9 -1.1
IHF iShares U.S. Healthcare Providers ETF 19.4 43 -3 7.4 +1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 19.2 17 23 6.8 +0.8
IWX iShares Russell Top 200 Value ETF 18.5 20 20 6.9 +0.9
PWV Invesco Dynamic Large Cap Value ETF 18.5 55 -15 8.0 +2.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 18.4 12 28 5.1 -0.9
XT iShares Exponential Technologies ETF 18.2 47 -7 5.2 -0.8
IBB iShares NASDAQ Biotechnology ETF 18.0 47 -7 0.4 -5.6
WOMN Impact Shares YWCA Women's Empowerment ETF 18.0 75 -35 4.5 -1.4
RAFE PIMCO RAFI ESG U.S. ETF 18.0 29 11 7.5 +1.5
DEF Invesco Defensive Equity ETF 17.6 55 -15 5.1 -0.9
JKF iShares Morningstar Large Cap Value ETF 17.6 25 15 7.5 +1.5
PTH Invesco DWA Healthcare Momentum ETF 17.5 60 -20 -2.6 -8.6
SPXN ProShares S&P 500 Ex-Financials ETF 17.5 27 13 5.1 -0.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 17.3 34 6 5.2 -0.8
RWL Invesco S&P 500 Revenue ETF 17.2 39 1 6.7 +0.7
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 17.1 49 -9 5.4 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 17.1 4 36 6.9 +0.9
JMIN JPMorgan U.S. Minimum Volatility ETF 17.0 12 28 5.8 -0.2
FBT First Trust NYSE Arca Biotechnology Index Fund 17.0 57 -17 -1.0 -6.9
VYM Vanguard High Dividend Yield Index ETF 16.9 6 34 7.1 +1.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 16.8 28 12 6.5 +0.5
SFY SoFi Select 500 ETF 16.8 0 40 5.3 -0.7
IUS Invesco Strategic US ETF 16.7 19 21 6.2 +0.2
ROUS Hartford Multifactor US Equity ETF 16.6 19 21 7.1 +1.1
FTC First Trust Large Cap Growth AlphaDEX Fund 16.5 61 -21 3.0 -2.9
PBP Invesco S&P 500 BuyWrite ETF 16.5 49 -9 5.1 -0.9
VFMO Vanguard U.S. Momentum Factor ETF 16.4 13 27 2.1 -3.9
BBH VanEck Vectors Biotech ETF 16.4 35 5 3.7 -2.3
TTAC TrimTabs Float Shrink ETF 16.3 59 -19 3.6 -2.4
IWP iShares Russell Mid-Cap Growth ETF 16.2 24 16 4.2 -1.8
JVAL JPMorgan U.S. Value Factor ETF 16.1 12 28 8.5 +2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.1 9 31 5.6 -0.4
HSPX Global X S&P 500 Covered Call ETF 16.1 65 -25 4.9 -1.1
HDV iShares Core High Dividend ETF 15.9 8 32 6.4 +0.4
FVAL Fidelity Value Factor ETF 15.9 29 11 8.0 +2.0
DGRO iShares Core Dividend Growth ETF 15.9 8 32 6.4 +0.4
RNLC Large Cap US Equity Select ETF 15.9 60 -20 6.0 +0.1
JKE iShares Morningstar Large-Cap Growth ETF 15.9 25 15 3.5 -2.5
IWL iShares Russell Top 200 ETF 15.8 15 25 5.1 -0.8
FCPI Fidelity Stocks for Inflation ETF 15.8 29 11 6.7 +0.8
AFLG First Trust Active Factor Large Cap ETF 15.8 55 -15 5.6 -0.4
CACG ClearBridge All Cap Growth ETF 15.7 54 -14 4.5 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 15.7 27 13 5.4 -0.6
ESGV Vanguard ESG U.S. Stock ETF 15.7 12 28 5.3 -0.7
IQSU IQ Candriam ESG US Equity ETF 15.6 9 31 5.3 -0.7
PSET Principal Price Setters Index ETF 15.6 29 11 4.6 -1.4
SYV SPDR MFS Systematic Value Equity ETF 15.5 60 -20 7.1 +1.2
XBI SPDR S&P BIOTECH ETF 15.5 35 5 -3.9 -9.8
FDRR Fidelity Dividend ETF for Rising Rates 15.4 29 11 6.9 +0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 15.4 20 20 5.5 -0.5
FMK First Trust Mega Cap AlphaDEX Fund 15.4 70 -30 5.2 -0.8
VALQ American Century STOXX U.S. Quality Value ETF 15.4 29 11 8.6 +2.7
DLN WisdomTree U.S. LargeCap Dividend Fund 15.3 28 12 6.3 +0.3
USMF WisdomTree U.S. Multifactor Fund 15.3 28 12 6.1 +0.1
FTHI First Trust High Income ETF 15.3 85 -45 5.4 -0.6
JQUA JPMorgan U.S. Quality Factor ETF 15.2 12 28 5.2 -0.8

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:
John Hancock Multifactor 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 22.3 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 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.