John Hancock Multifactor Healthcare ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.5x P/Sales
ratio
1.5x
P/BV
ratio
4.0x Div.
yield
1.2%


  • 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) $46
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 143
Wgt avg mkt cap (mns) $102,839
Large cap (>$10bn) 88.2%
Mid cap ($2-10bn) 11.3%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNITEDHEALTH GROUP INC 5.9 %
JOHNSON & JOHNSON 5.5 %
PFIZER INC 3.9 %
MERCK & CO. INC. 3.4 %
ABBOTT LABORATORIES 2.7 %
THERMO FISHER SCIENTIFIC INC 2.5 %
BRISTOL-MYERS SQUIBB CO 2.2 %
MEDTRONIC PLC 2.2 %
AMGEN INC 2.0 %
ABBVIE INC 2.0 %
Total 32.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
IRELAND 4.3 %
BRITAIN 0.7 %
NETHERLANDS 0.1 %
SWITZERLAND 0.1 %






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.
8.5% 23.3% -- -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 0.81 73%
MSCI EAFE 0.79 57%
MSCI Emg. Mkts. 0.58 49%

Technical Indicators
Recent close $41.10
30d moving avg. $40.04
Annualized volatility 16.8%
Short interest (ETF) 0.2%
Short interest (Underlying) 2.9%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $27,433

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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 78.0 8 32 5.5 -0.6
VHT Vanguard Health Care Index Fund 77.6 10 30 5.4 -0.7
IYH iShares U.S. Healthcare ETF 77.2 43 -3 6.1 +0.1
XLV Health Care Select Sector SPDR Fund 70.3 13 27 7.1 +1.1
RYH Invesco S&P 500 Equal Weight Health Care ETF 64.7 40 0 6.7 +0.7
IXJ iShares Global Healthcare ETF 62.2 46 -6 6.4 +0.4
IEHS iShares Evolved U.S. Healthcare Staples ETF 56.9 18 22 5.4 -0.7
FXH First Trust Health Care AlphaDEX Fund 48.6 62 -22 3.9 -2.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 46.7 60 -20 6.3 +0.3
IEIH iShares Evolved U.S. Innovative Healthcare ETF 41.2 18 22 3.3 -2.8
GDNA Goldman Sachs Motif Human Evolution ETF 28.7 50 -10 0.5 -5.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 27.9 15 25 4.1 -2.0
PJP Invesco Dynamic Pharmaceuticals ETF 27.7 56 -16 12.9 +6.8
IHI iShares U.S. Medical Devices ETF 26.4 42 -2 3.1 -2.9
FTXH First Trust Nasdaq Pharmaceuticals ETF 26.3 60 -20 11.6 +5.6
HTEC ROBO Global Healthcare Technology & Innovation ETF 26.3 68 -28 0.1 -5.9
LNGR Global X Longevity Thematic ETF 25.5 50 -10 3.2 -2.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 25.5 25 15 5.7 -0.3
JKD iShares Morningstar Large-Cap ETF 25.0 20 20 5.5 -0.6
HLAL Wahed FTSE USA Shariah ETF 24.7 50 -10 4.3 -1.7
MGV Vanguard Mega Cap Value ETF 24.1 7 33 7.1 +1.0
VIRS Pacer BioThreat Strategy ETF 24.1 70 -30 4.5 -1.6
PPH VanEck Vectors Pharmaceutical ETF 23.9 36 4 11.3 +5.2
XHE SPDR S&P Health Care Equipment ETF 23.4 35 5 1.6 -4.5
SPLV Invesco S&P 500 Low Volatility ETF 22.8 25 15 5.4 -0.6
ALTL Pacer Lunt Large Cap Alternator ETF 22.8 60 -20 5.1 -1.0
SPHQ Invesco S&P 500 Quality ETF 22.2 15 25 4.4 -1.6
RBUS Nationwide Risk-Based U.S. Equity ETF 21.8 30 10 4.6 -1.5
GBLO Global Beta Low Beta ETF 21.7 29 11 7.2 +1.2
BMED BlackRock Future Health ETF 21.5 85 -45 -1.1 -7.2
VOOV Vanguard S&P 500 Value ETF 21.4 10 30 7.1 +1.1
IHE iShares U.S. Pharmaceuticals ETF 21.1 42 -2 5.3 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 20.9 12 28 4.6 -1.4
VTV Vanguard Value Index Fund 20.6 4 36 7.2 +1.1
PWB Invesco Dynamic Large Cap Growth ETF 20.3 56 -16 3.2 -2.8
IVE iShares S&P 500 Value ETF 20.1 18 22 7.0 +1.0
SPYV SPDR Portfolio S&P 500 Value ETF 20.1 4 36 7.1 +1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 19.9 12 28 5.4 -0.7
XPH SPDR S&P Pharmaceuticals ETF 19.7 35 5 3.9 -2.1
IHF iShares U.S. Healthcare Providers ETF 19.6 42 -2 7.3 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 19.2 27 13 5.4 -0.7
FTC First Trust Large Cap Growth AlphaDEX Fund 19.2 61 -21 2.7 -3.4
IUSV iShares Core S&P U.S. Value ETF 19.1 4 36 7.2 +1.2
XHS SPDR S&P Health Care Services ETF 18.9 35 5 4.0 -2.0
IWP iShares Russell Mid-Cap Growth ETF 18.9 24 16 2.9 -3.2
OUSA O'Shares FTSE US Quality Dividend ETF 18.9 48 -8 5.7 -0.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 18.1 34 6 4.5 -1.5
JKH iShares Morningstar Mid-Cap Growth ETF 18.1 30 10 2.0 -4.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 17.8 29 11 8.4 +2.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.4 49 -9 3.9 -2.2
IBB iShares NASDAQ Biotechnology ETF 17.4 46 -6 0.5 -5.5
IWX iShares Russell Top 200 Value ETF 17.3 20 20 6.6 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.2 30 10 6.4 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 17.1 60 -20 3.9 -2.1
DEF Invesco Defensive Equity ETF 17.1 55 -15 5.1 -0.9
PTH Invesco DWA Healthcare Momentum ETF 17.1 60 -20 -4.9 -11.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 17.0 35 5 5.5 -0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 17.0 35 5 5.5 -0.5
FTCS First Trust Capital Strength ETF 16.7 58 -18 4.7 -1.3
DSTL Distillate US Fundamental Stability & Value ETF 16.7 39 1 5.9 -0.1
SPMO Invesco S&P 500 Momentum ETF 16.6 13 27 3.9 -2.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.6 35 5 5.3 -0.8
XT iShares Exponential Technologies ETF 16.5 47 -7 4.8 -1.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.4 17 23 6.6 +0.6
HDV iShares Core High Dividend ETF 16.4 8 32 7.1 +1.1
ESGV Vanguard ESG U.S. Stock ETF 16.3 12 28 4.9 -1.2
ROUS Hartford Multifactor US Equity ETF 16.3 19 21 6.3 +0.2
RAFE PIMCO RAFI ESG U.S. ETF 16.3 29 11 7.4 +1.4
DGRO iShares Core Dividend Growth ETF 16.2 8 32 6.5 +0.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 16.2 19 21 5.8 -0.2
TPLC Timothy Plan US Large Cap Core ETF 16.0 52 -12 5.1 -0.9
RWL Invesco S&P 500 Revenue ETF 16.0 39 1 7.0 +1.0
FCPI Fidelity Stocks for Inflation ETF 15.9 29 11 6.2 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 15.8 27 13 4.7 -1.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 15.7 17 23 6.2 +0.1
AFLG First Trust Active Factor Large Cap ETF 15.6 55 -15 5.2 -0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 15.6 20 20 6.2 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.6 9 31 5.3 -0.7
MOAT VanEck Vectors Morningstar Wide Moat ETF 15.5 49 -9 6.6 +0.6
PSET Principal Price Setters Index ETF 15.4 15 25 4.7 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 15.4 15 25 5.7 -0.4
QLC FlexShares US Quality Large Cap Index Fund 15.4 32 8 5.0 -1.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 15.3 60 -20 3.0 -3.0
FLV American Century Focused Large Cap Value ETF 15.3 42 -2 6.3 +0.2
VIG Vanguard Dividend Appreciation Index Fund 15.3 6 34 5.1 -0.9
LRGF iShares Edge MSCI Multifactor USA ETF 15.3 20 20 7.0 +0.9
JHMM John Hancock Multifactor Mid Cap ETF 15.2 42 -2 5.3 -0.7
RNLC Large Cap US Equity Select ETF 15.2 60 -20 5.9 -0.1
FBT First Trust NYSE Arca Biotechnology Index Fund 15.2 55 -15 -1.0 -7.0
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 15.2 56 -16 6.5 +0.4
QDEF FlexShares Quality Dividend Defensive Index Fund 15.1 37 3 5.8 -0.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.1 49 -9 4.8 -1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 15.0 75 -35 4.1 -1.9
DGRW WisdomTree U.S. Quality Dividend Growth Fund 15.0 28 12 6.3 +0.2
USMV iShares Edge MSCI Min Vol USA ETF 15.0 15 25 5.4 -0.6
FUNL CornerCap Fundametrics Large-Cap ETF 15.0 50 -10 8.0 +2.0
BBH VanEck Vectors Biotech ETF 15.0 35 5 3.9 -2.1
SFY SoFi Select 500 ETF 14.9 0 40 4.9 -1.1
SCIU Global X Scientific Beta US ETF 14.9 19 21 0.0 -6.0
SCHV Schwab U.S. Large-Cap Value ETF 14.9 4 36 6.6 +0.6

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:
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 22.4 %
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
1.51
 
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.