John Hancock Multifactor Healthcare ETF
ALTAR
Score™
5.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
1.6x
P/BV
ratio
4.3x Div.
yield
1.1%


  • 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 28, 2015
Assets (mns) $50
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 140
Wgt avg mkt cap (mns) $106,982
Large cap (>$10bn) 88.7%
Mid cap ($2-10bn) 10.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 5.7 %
JOHNSON & JOHNSON 5.5 %
PFIZER INC 3.4 %
MERCK & CO. INC. 3.3 %
ABBOTT LABORATORIES 2.5 %
THERMO FISHER SCIENTIFIC INC 2.5 %
ABBVIE INC 2.3 %
BRISTOL-MYERS SQUIBB CO 2.2 %
MEDTRONIC PLC 2.1 %
ELI LILLY & CO 2.1 %
Total 31.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.1 %
IRELAND 3.5 %
BRITAIN 0.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.2% 19.2% 12.1% -- 13.1%

Market Correlations
versus... Beta R-squared
S&P500 0.81 76%
MSCI EAFE 0.72 59%
MSCI Emg. Mkts. 0.60 52%

Technical Indicators
Recent close $44.91
30d moving avg. $43.63
Annualized volatility 17.5%
Short interest (ETF) 0.3%
Short interest (Underlying) 2.9%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $33,828

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™: 5.8%


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 75.1 8 32 5.2 -0.6
VHT Vanguard Health Care Index Fund 75.0 10 30 5.2 -0.7
IYH iShares U.S. Healthcare ETF 74.9 43 -3 6.0 +0.1
XLV Health Care Select Sector SPDR Fund 69.7 13 27 7.0 +1.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 64.6 40 0 6.4 +0.5
IXJ iShares Global Healthcare ETF 61.8 46 -6 6.2 +0.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 55.0 18 22 5.0 -0.9
FXH First Trust Health Care AlphaDEX Fund 46.1 62 -22 4.6 -1.2
IEIH iShares Evolved U.S. Innovative Healthcare ETF 38.9 18 22 3.7 -2.2
PJP Invesco Dynamic Pharmaceuticals ETF 27.2 56 -16 9.0 +3.2
LNGR Global X Longevity Thematic ETF 25.5 50 -10 2.9 -2.9
HTEC ROBO Global Healthcare Technology & Innovation ETF 25.5 68 -28 0.9 -5.0
SPHQ Invesco S&P 500 Quality ETF 25.4 15 25 4.5 -1.4
FTXH First Trust Nasdaq Pharmaceuticals ETF 25.2 60 -20 4.4 -1.4
VIRS Pacer BioThreat Strategy ETF 25.2 70 -30 4.9 -1.0
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 24.9 25 15 5.9 +0.0
IHI iShares U.S. Medical Devices ETF 24.8 42 -2 3.1 -2.7
MGV Vanguard Mega Cap Value ETF 24.6 7 33 6.4 +0.6
PPH VanEck Vectors Pharmaceutical ETF 23.9 36 4 10.5 +4.7
SPLV Invesco S&P 500 Low Volatility ETF 23.2 25 15 5.6 -0.3
HLAL Wahed FTSE USA Shariah ETF 22.6 50 -10 3.9 -1.9
VOOV Vanguard S&P 500 Value ETF 22.4 10 30 6.6 +0.7
XHE SPDR S&P Health Care Equipment ETF 22.3 35 5 0.6 -5.3
JMIN JPMorgan U.S. Minimum Volatility ETF 22.0 12 28 5.3 -0.5
OUSA O'Shares FTSE US Quality Dividend ETF 21.6 48 -8 5.5 -0.3
RBUS Nationwide Risk-Based U.S. Equity ETF 21.6 30 10 4.6 -1.2
GBLO Global Beta Low Beta ETF 21.2 29 11 7.3 +1.5
JOET Virtus Terranova US Quality Momentum ETF 20.7 29 11 4.7 -1.2
JKF iShares Morningstar Large Cap Value ETF 20.6 25 15 6.6 +0.7
VTV Vanguard Value Index Fund 20.4 4 36 6.5 +0.7
IHE iShares U.S. Pharmaceuticals ETF 20.3 42 -2 5.9 +0.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.2 28 12 6.1 +0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 19.5 12 28 5.0 -0.8
SIXA 6 Meridian Mega Cap Equity ETF 19.5 82 -42 5.9 +0.1
IHF iShares U.S. Healthcare Providers ETF 19.4 42 -2 6.5 +0.7
ESGV Vanguard ESG U.S. Stock ETF 19.2 12 28 4.6 -1.3
XPH SPDR S&P Pharmaceuticals ETF 19.0 35 5 2.8 -3.0
XHS SPDR S&P Health Care Services ETF 18.8 35 5 3.6 -2.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 18.7 75 -35 2.1 -3.8
SPXT ProShares S&P 500 Ex-Technology ETF 18.6 27 13 4.9 -0.9
USMV iShares Edge MSCI Min Vol USA ETF 18.3 15 25 5.4 -0.5
JKH iShares Morningstar Mid-Cap Growth ETF 18.1 30 10 1.9 -3.9
BMED BlackRock Future Health ETF 17.7 85 -45 -0.9 -6.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 17.7 29 11 8.2 +2.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 17.6 34 6 4.4 -1.5
QUS SPDR MSCI USA StrategicFactors ETF 17.5 15 25 5.3 -0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.5 35 5 5.1 -0.7
SPMO Invesco S&P 500 Momentum ETF 17.3 13 27 4.0 -1.9
IWP iShares Russell Mid-Cap Growth ETF 17.3 24 16 2.7 -3.2
TPLC Timothy Plan US Large Cap Core ETF 17.3 52 -12 4.5 -1.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 16.8 60 -20 3.7 -2.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 16.6 35 5 5.1 -0.8
RWL Invesco S&P 500 Revenue ETF 16.6 39 1 6.3 +0.5
DGRO iShares Core Dividend Growth ETF 16.6 8 32 6.0 +0.2
ANEW ProShares MSCI Transformational Changes ETF 16.6 45 -5 2.5 -3.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 16.5 35 5 5.1 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 16.5 49 -9 3.5 -2.3
DSTL Distillate US Fundamental Stability & Value ETF 16.5 39 1 5.7 -0.1
ROUS Hartford Multifactor US Equity ETF 16.5 19 21 5.9 +0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.5 19 21 5.4 -0.5
IWX iShares Russell Top 200 Value ETF 16.5 20 20 6.0 +0.2
XT iShares Exponential Technologies ETF 16.4 47 -7 4.6 -1.3
DEF Invesco Defensive Equity ETF 16.3 55 -15 5.3 -0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 16.3 75 -35 3.6 -2.2
HDV iShares Core High Dividend ETF 16.3 8 32 6.3 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 16.2 28 12 6.2 +0.4
FCPI Fidelity Stocks for Inflation ETF 16.2 29 11 5.8 -0.1
FTC First Trust Large Cap Growth AlphaDEX Fund 16.2 61 -21 2.3 -3.6
JKD iShares Morningstar Large-Cap ETF 16.1 20 20 4.8 -1.0
QLV FlexShares US Quality Low Volatility Index Fund 16.0 22 18 4.4 -1.4
RAFE PIMCO RAFI ESG U.S. ETF 16.0 30 10 6.7 +0.9
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.0 17 23 6.1 +0.3
PSET Principal Price Setters Index ETF 16.0 15 25 4.7 -1.2
VIG Vanguard Dividend Appreciation Index Fund 15.9 6 34 5.0 -0.8
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 15.8 69 -29 4.1 -1.7
FLQL Franklin LibertyQ U.S. Equity ETF 15.8 15 25 6.0 +0.2
NULV Nuveen ESG Large-Cap Value ETF 15.8 35 5 6.0 +0.2
VALQ American Century STOXX U.S. Quality Value ETF 15.7 29 11 7.9 +2.0
SPXN ProShares S&P 500 Ex-Financials ETF 15.7 27 13 4.5 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 15.6 8 32 6.0 +0.2
FTCS First Trust Capital Strength ETF 15.5 58 -18 5.1 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.4 9 31 4.9 -0.9
SPYV SPDR Portfolio S&P 500 Value ETF 15.3 4 36 6.4 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 15.3 25 15 5.6 -0.2
IVE iShares S&P 500 Value ETF 15.3 18 22 6.3 +0.4
VYM Vanguard High Dividend Yield Index ETF 15.2 6 34 6.6 +0.8
IQSU IQ Candriam ESG US Equity ETF 15.1 9 31 4.6 -1.2
SFY SoFi Select 500 ETF 15.0 0 40 4.6 -1.2
SPMV Invesco S&P 500 Minimum Variance ETF 15.0 10 30 5.5 -0.3
FDLO Fidelity Low Volatility Factor ETF 14.9 29 11 5.0 -0.9
FBT First Trust NYSE Arca Biotechnology Index Fund 14.9 55 -15 -1.4 -7.3
SPVM Invesco S&P 500 Value with Momentum ETF 14.8 39 1 7.8 +1.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 14.8 75 -35 5.3 -0.5
QDEF FlexShares Quality Dividend Defensive Index Fund 14.8 37 3 5.6 -0.3
NACP Impact Shares NAACP Minority Empowerment ETF 14.8 49 -9 4.8 -1.1
FLV American Century Focused Large Cap Value ETF 14.7 42 -2 5.8 -0.1
IBB iShares NASDAQ Biotechnology ETF 14.6 46 -6 0.1 -5.8
MOAT VanEck Vectors Morningstar Wide Moat ETF 14.6 48 -8 6.2 +0.4
LRGF iShares Edge MSCI Multifactor USA ETF 14.6 20 20 6.2 +0.3

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:

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 22.6 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.