VanEck Vectors Pharmaceutical ETF
ALTAR
Score™
10.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.2x P/Sales
ratio
0.8x
P/BV
ratio
2.3x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Pharmaceutical ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the US Listed Pharmaceutical 25 Index.

FUND BASICS
Category US Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Dec 20, 2011
Assets (mns) $232
Currency USD
Expense ratio 36 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $101,504
Large cap (>$10bn) 80.9%
Mid cap ($2-10bn) 19.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ELI LILLY & CO 5.5 %
ABBVIE INC 5.1 %
NOVARTIS AG-ADR 5.0 %
SANOFI-AVENTIS-ADR 5.0 %
ASTRAZENECA PLC-SPONS ADR 5.0 %
BRISTOL-MYERS SQUIBB CO 5.0 %
GLAXOSMITHKLINE PLC-SPON ADR 4.9 %
JOHNSON & JOHNSON 4.8 %
MERCK & CO. INC. 4.8 %
AMERISOURCEBERGEN CORP 4.7 %
Total 49.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 50.9 %
BRITAIN 15.1 %
IRELAND 7.0 %
SWITZERLAND 5.1 %
FRANCE 5.1 %
ISRAEL 4.7 %
DENMARK 4.6 %
JAPAN 4.4 %
CANADA 3.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.5% 8.1% -0.6% -- 8.8%

Market Correlations
versus... Beta R-squared
S&P500 0.90 77%
MSCI EAFE 0.85 60%
MSCI Emg. Mkts. 0.56 41%

Technical Indicators
Recent close $62.07
30d moving avg. $62.41
Annualized volatility 17.4%
Short interest (ETF) 1.2%
Short interest (Underlying) 2.0%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $12,032

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Pharmaceutical ETF ETF based on the alternatives' overlap in portfolio holdings with PPH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PPH Expense: 36 bp ALTAR Score™: 10.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PPH
Ticker Fund
Name
Overlap1
vs PPH
(%)
Expense
ratio
(bp)
Savings
vs PPH
(bp)
ALTAR
Score™
(%)
ALTAR
vs PPH
(%)
FTXH First Trust Nasdaq Pharmaceuticals ETF 45.1 60 -24 8.7 -1.5
IHE iShares U.S. Pharmaceuticals ETF 43.6 42 -6 5.6 -4.7
XPH SPDR S&P Pharmaceuticals ETF 42.5 35 1 4.5 -5.8
PJP Invesco Dynamic Pharmaceuticals ETF 34.6 56 -20 10.9 +0.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 33.5 18 18 2.9 -7.3
XLV Health Care Select Sector SPDR Fund 29.3 13 23 7.1 -3.1
IYH iShares U.S. Healthcare ETF 28.1 43 -7 6.1 -4.1
FHLC Fidelity MSCI Health Care Index ETF 26.4 8 28 5.5 -4.8
VHT Vanguard Health Care Index Fund 26.1 10 26 5.4 -4.8
JHMH John Hancock Multifactor Healthcare ETF 24.5 40 -4 6.1 -4.2
IXJ iShares Global Healthcare ETF 21.6 46 -10 6.3 -4.0
RYH Invesco S&P 500 Equal Weight Health Care ETF 17.8 40 -4 6.5 -3.7
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 16.4 75 -39 6.2 -4.0
OUSA O'Shares FTSE US Quality Dividend ETF 14.7 48 -12 5.7 -4.5
ACT AdvisorShares Vice ETF 13.9 99 -63 5.6 -4.7
HDV iShares Core High Dividend ETF 13.5 8 28 6.8 -3.5
VYM Vanguard High Dividend Yield Index ETF 13.3 6 30 7.4 -2.8
DHS WisdomTree U.S. High Dividend Fund 12.8 38 -2 8.7 -1.5
DURA VanEck Vectors Morningstar Durable Dividend ETF 12.8 29 7 7.2 -3.0
MGV Vanguard Mega Cap Value ETF 11.9 7 29 7.3 -2.9
SYV SPDR MFS Systematic Value Equity ETF 11.7 60 -24 7.5 -2.7
QLV FlexShares US Quality Low Volatility Index Fund 11.5 22 14 4.9 -5.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 11.4 12 24 4.9 -5.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 11.1 15 21 4.2 -6.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 11.0 7 29 6.9 -3.3
HLAL Wahed FTSE USA Shariah ETF 10.6 50 -14 4.7 -5.6
RAFE PIMCO RAFI ESG U.S. ETF 10.5 29 7 7.9 -2.3
SCHV Schwab U.S. Large-Cap Value ETF 10.5 4 32 7.2 -3.0
SDGA Impact Shares Sustainable Development Goals Global ETF 10.4 75 -39 5.4 -4.8
VTV Vanguard Value Index Fund 10.4 4 32 7.5 -2.7
FXH First Trust Health Care AlphaDEX Fund 10.0 62 -26 4.4 -5.8
EDOW First Trust Dow 30 Equal Weight ETF 9.9 50 -14 6.0 -4.2
FDL First Trust Morningstar Dividend Leaders Index Fund 9.8 45 -9 10.3 +0.1
DGRO iShares Core Dividend Growth ETF 9.5 8 28 6.7 -3.5
PAWZ ProShares Pet Care ETF 9.4 50 -14 2.5 -7.8
DLN WisdomTree U.S. LargeCap Dividend Fund 9.4 28 8 6.4 -3.8
CNCR Loncar Cancer Immunotherapy ETF 9.4 79 -43 -2.9 -13.1
FTCS First Trust Capital Strength ETF 9.1 58 -22 4.9 -5.3
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 9.1 60 -24 6.3 -4.0
QDEF FlexShares Quality Dividend Defensive Index Fund 9.1 37 -1 5.9 -4.3
IEHS iShares Evolved U.S. Healthcare Staples ETF 9.0 18 18 5.7 -4.5
STLV iShares Factors US Value Style ETF 9.0 25 11 7.9 -2.3
QDF FlexShares Quality Dividend Index Fund 8.9 37 -1 6.2 -4.0
SPHQ Invesco S&P 500 Quality ETF 8.9 15 21 4.7 -5.6
FVAL Fidelity Value Factor ETF 8.7 29 7 8.1 -2.1
XLG Invesco S&P 500 Top 50 ETF 8.5 20 16 4.5 -5.7
DTD WisdomTree U.S.Total Dividend Fund 8.4 28 8 6.7 -3.5
FXG First Trust Consumer Staples AlphaDEX Fund 8.3 64 -28 7.1 -3.2
FLV American Century Focused Large Cap Value ETF 8.2 42 -6 6.8 -3.4
FVL First Trust Value Line 100 Exchange-Traded Fund 8.1 70 -34 5.2 -5.1
NACP Impact Shares NAACP Minority Empowerment ETF 8.1 75 -39 4.6 -5.6
FPX First Trust US IPO Index Fund 8.1 58 -22 2.6 -7.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 8.0 52 -16 5.1 -5.2
STLG iShares Factors US Growth Style ETF 8.0 25 11 3.7 -6.5
USDY Pacific Global US Equity Income ETF 8.0 29 7 7.3 -2.9
WOMN Impact Shares YWCA Women's Empowerment ETF 7.9 75 -39 4.6 -5.6
SYE SPDR MFS Systematic Core Equity ETF 7.9 60 -24 5.7 -4.6
COWZ Pacer US Cash Cows 100 ETF 7.9 49 -13 10.9 +0.6
JKF iShares Morningstar Large Cap Value ETF 7.8 25 11 7.6 -2.6
RECS Columbia Research Enhanced Core ETF 7.8 15 21 5.7 -4.5
AADR AdvisorShares Dorsey Wright ADR ETF 7.8 110 -74 3.1 -7.1
SHE SPDR SSGA Gender Diversity Index ETF 7.8 20 16 5.5 -4.7
JKD iShares Morningstar Large-Cap ETF 7.7 20 16 5.7 -4.5
RNDV US Equity Dividend Select ETF 7.7 50 -14 7.7 -2.5
PWV Invesco Dynamic Large Cap Value ETF 7.6 55 -19 8.9 -1.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 7.6 28 8 6.5 -3.7
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 7.5 35 1 6.9 -3.4
JQUA JPMorgan U.S. Quality Factor ETF 7.5 12 24 5.3 -5.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.5 38 -2 8.0 -2.3
IWX iShares Russell Top 200 Value ETF 7.5 20 16 7.2 -3.0
ACIO Aptus Collared Income Opportunity ETF 7.5 79 -43 4.4 -5.9
FCPI Fidelity Stocks for Inflation ETF 7.4 29 7 7.0 -3.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 7.4 43 -7 4.4 -5.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 7.4 60 -24 4.4 -5.8
VOOV Vanguard S&P 500 Value ETF 7.2 15 21 7.4 -2.8
LSLT Salt Low truBeta US Market ETF 7.2 29 7 6.1 -4.1
SPYV SPDR Portfolio S&P 500 Value ETF 7.1 4 32 7.5 -2.8
IVE iShares S&P 500 Value ETF 7.1 18 18 7.3 -2.9
LVHD Legg Mason Low Volatility High Dividend ETF 7.1 27 9 8.8 -1.4
NULV Nuveen ESG Large-Cap Value ETF 7.1 35 1 7.4 -2.8
QUAL iShares MSCI Usa Quality Factor ETF 7.0 15 21 5.4 -4.8
SPXT ProShares S&P 500 Ex-Technology ETF 7.0 27 9 5.7 -4.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 7.0 10 26 5.3 -4.9
OEF iShares S&P 100 ETF 7.0 20 16 4.8 -5.4
SUSL iShares ESG MSCI USA Leaders ETF 7.0 10 26 5.3 -4.9
SPLV Invesco S&P 500 Low Volatility ETF 6.9 25 11 5.7 -4.5
DEF Invesco Defensive Equity ETF 6.9 55 -19 5.1 -5.1
DIVB iShares U.S. Dividend & Buyback ETF 6.9 25 11 6.7 -3.6
FDLO Fidelity Low Volatility Factor ETF 6.8 29 7 5.2 -5.1
FDRR Fidelity Dividend ETF for Rising Rates 6.8 29 7 7.0 -3.2
BVAL Brand Value ETF 6.8 65 -29 6.2 -4.1
IUSV iShares Core S&P U.S. Value ETF 6.7 4 32 7.6 -2.7
DIA SPDR Dow Jones Industrial Average ETF Trust 6.7 16 20 5.7 -4.6
AFLG First Trust Active Factor Large Cap ETF 6.6 55 -19 5.6 -4.6
REVS Columbia Research Enhanced Value ETF 6.6 19 17 7.8 -2.4
IOO iShares Global 100 ETF 6.5 40 -4 4.7 -5.5
QLC FlexShares US Quality Large Cap Index Fund 6.5 32 4 5.4 -4.8
FQAL Fidelity Quality Factor ETF 6.5 29 7 5.5 -4.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 6.5 49 -13 4.1 -6.1
VIG Vanguard Dividend Appreciation Index Fund 6.4 6 30 5.5 -4.8

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:
VanEck Vectors Pharmaceutical ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.3 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 36 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.52
 
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.