VanEck Vectors Pharmaceutical ETF
ALTAR
Score™
10.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.1x P/Sales
ratio
0.9x
P/BV
ratio
2.3x Div.
yield
2.3%


  • 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) $264
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) $95,233
Large cap (>$10bn) 79.5%
Mid cap ($2-10bn) 19.4%
Small cap (<$2bn) 1.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ABBVIE INC 5.5 %
BRISTOL-MYERS SQUIBB CO 5.1 %
MCKESSON CORP 5.1 %
CATALENT INC 4.9 %
PFIZER INC 4.9 %
NOVARTIS AG-ADR 4.9 %
NOVO-NORDISK A/S-SPONS ADR 4.8 %
TEVA PHARMACEUTICAL-SP ADR 4.8 %
SANOFI-AVENTIS-ADR 4.7 %
ASTRAZENECA PLC-SPONS ADR 4.7 %
Total 49.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 52.3 %
BRITAIN 14.0 %
IRELAND 7.4 %
SWITZERLAND 4.9 %
DENMARK 4.8 %
ISRAEL 4.8 %
FRANCE 4.7 %
JAPAN 4.3 %
CANADA 2.8 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.9% 1.0% 0.0% -- 7.9%

Market Correlations
versus... Beta R-squared
S&P500 0.87 81%
MSCI EAFE 0.87 66%
MSCI Emg. Mkts. 0.59 46%

Technical Indicators
Recent close $65.35
30d moving avg. $63.14
Annualized volatility 17.3%
Short interest (ETF) 17.0%
Short interest (Underlying) 2.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 61
Turnover 1.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $6,023

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 10.8%


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
(%)
XPH SPDR S&P Pharmaceuticals ETF 44.8 35 1 3.7 -7.1
IHE iShares U.S. Pharmaceuticals ETF 44.5 42 -6 5.2 -5.7
FTXH First Trust Nasdaq Pharmaceuticals ETF 44.2 60 -24 6.8 -4.1
PJP Invesco Dynamic Pharmaceuticals ETF 35.2 56 -20 12.6 +1.8
IEIH iShares Evolved U.S. Innovative Healthcare ETF 33.5 18 18 3.3 -7.5
XLV Health Care Select Sector SPDR Fund 28.8 13 23 7.2 -3.7
IYH iShares U.S. Healthcare ETF 27.1 43 -7 6.2 -4.6
FHLC Fidelity MSCI Health Care Index ETF 25.6 8 28 5.5 -5.3
VHT Vanguard Health Care Index Fund 24.5 10 26 5.4 -5.5
JHMH John Hancock Multifactor Healthcare ETF 24.4 40 -4 6.0 -4.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 23.4 29 7 8.1 -2.8
IXJ iShares Global Healthcare ETF 21.3 46 -10 6.3 -4.5
RYH Invesco S&P 500 Equal Weight Health Care ETF 19.0 40 -4 6.7 -4.1
VIRS Pacer BioThreat Strategy ETF 14.2 70 -34 4.6 -6.3
OUSA O'Shares FTSE US Quality Dividend ETF 13.5 48 -12 5.5 -5.3
DHS WisdomTree U.S. High Dividend Fund 13.3 38 -2 8.0 -2.8
HDV iShares Core High Dividend ETF 13.0 8 28 6.6 -4.2
PWV Invesco Dynamic Large Cap Value ETF 12.7 56 -20 7.6 -3.2
GBLO Global Beta Low Beta ETF 12.2 29 7 7.1 -3.8
FTCS First Trust Capital Strength ETF 11.9 58 -22 5.0 -5.8
VYM Vanguard High Dividend Yield Index ETF 11.4 6 30 6.9 -3.9
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 11.2 35 1 6.7 -4.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 10.8 12 24 4.5 -6.3
MGV Vanguard Mega Cap Value ETF 10.7 7 29 6.7 -4.2
HLAL Wahed FTSE USA Shariah ETF 10.6 50 -14 4.1 -6.7
FDL First Trust Morningstar Dividend Leaders Index Fund 10.5 45 -9 9.4 -1.4
SYV SPDR MFS Systematic Value Equity ETF 10.3 60 -24 6.7 -4.1
LVHD Legg Mason Low Volatility High Dividend ETF 10.1 27 9 7.7 -3.1
MTUM iShares MSCI USA Momentum Factor ETF 9.6 15 21 4.0 -6.9
QLV FlexShares US Quality Low Volatility Index Fund 9.5 22 14 4.6 -6.2
RAFE PIMCO RAFI ESG U.S. ETF 9.5 29 7 7.0 -3.9
SDGA Impact Shares Sustainable Development Goals Global ETF 9.5 75 -39 4.9 -6.0
PAWZ ProShares Pet Care ETF 9.4 50 -14 2.4 -8.4
VTV Vanguard Value Index Fund 8.9 4 32 6.7 -4.1
FXH First Trust Health Care AlphaDEX Fund 8.9 62 -26 5.0 -5.9
DLN WisdomTree U.S. LargeCap Dividend Fund 8.8 28 8 6.0 -4.9
DGRO iShares Core Dividend Growth ETF 8.8 8 28 6.2 -4.7
IEHS iShares Evolved U.S. Healthcare Staples ETF 8.6 18 18 5.4 -5.5
NACP Impact Shares NAACP Minority Empowerment ETF 8.6 75 -39 4.5 -6.3
STLV iShares Factors US Value Style ETF 8.4 25 11 6.8 -4.1
CNCR Loncar Cancer Immunotherapy ETF 8.3 79 -43 -2.4 -13.3
REVS Columbia Research Enhanced Value ETF 8.2 19 17 7.1 -3.7
SPHQ Invesco S&P 500 Quality ETF 8.0 15 21 4.4 -6.5
DEF Invesco Defensive Equity ETF 8.0 55 -19 5.0 -5.8
FLV American Century Focused Large Cap Value ETF 7.9 42 -6 5.8 -5.1
QDEF FlexShares Quality Dividend Defensive Index Fund 7.9 37 -1 5.7 -5.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 7.9 25 11 5.6 -5.2
DTD WisdomTree U.S.Total Dividend Fund 7.7 28 8 6.2 -4.7
JKF iShares Morningstar Large Cap Value ETF 7.6 25 11 7.0 -3.9
XLG Invesco S&P 500 Top 50 ETF 7.6 20 16 4.2 -6.6
SPLV Invesco S&P 500 Low Volatility ETF 7.6 25 11 5.5 -5.4
VALQ American Century STOXX U.S. Quality Value ETF 7.5 29 7 7.7 -3.1
QDF FlexShares Quality Dividend Index Fund 7.4 37 -1 5.7 -5.2
SCHV Schwab U.S. Large-Cap Value ETF 7.4 4 32 6.2 -4.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 7.3 52 -16 5.0 -5.8
SYE SPDR MFS Systematic Core Equity ETF 7.3 60 -24 5.3 -5.5
RNDV US Equity Dividend Select ETF 7.3 50 -14 7.7 -3.1
FLRG Fidelity U.S. Multifactor ETF 7.2 29 7 6.1 -4.8
JQUA JPMorgan U.S. Quality Factor ETF 7.2 12 24 5.1 -5.8
USDY Pacific Global US Equity Income ETF 7.1 29 7 7.7 -3.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.1 38 -2 7.3 -3.5
STLC iShares Factors US Blend Style ETF 7.1 25 11 4.9 -5.9
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 7.0 75 -39 5.5 -5.4
MOAT VanEck Vectors Morningstar Wide Moat ETF 6.9 49 -13 6.2 -4.7
VOOV Vanguard S&P 500 Value ETF 6.9 10 26 6.7 -4.2
WOMN Impact Shares YWCA Women's Empowerment ETF 6.9 75 -39 3.7 -7.1
SHE SPDR SSGA Gender Diversity Index ETF 6.8 20 16 4.4 -6.5
RECS Columbia Research Enhanced Core ETF 6.7 15 21 5.2 -5.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 6.7 28 8 6.1 -4.7
FDRR Fidelity Dividend ETF for Rising Rates 6.6 29 7 6.3 -4.6
ACIO Aptus Collared Income Opportunity ETF 6.5 79 -43 4.3 -6.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 6.5 37 -1 5.6 -5.2
IVE iShares S&P 500 Value ETF 6.5 18 18 6.6 -4.3
SPYV SPDR Portfolio S&P 500 Value ETF 6.5 4 32 6.7 -4.1
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.5 43 -7 4.2 -6.6
SPMO Invesco S&P 500 Momentum ETF 6.5 13 23 3.9 -6.9
NULV Nuveen ESG Large-Cap Value ETF 6.5 35 1 6.6 -4.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 6.4 19 17 5.5 -5.4
FQAL Fidelity Quality Factor ETF 6.4 29 7 5.1 -5.8
QUAL iShares MSCI Usa Quality Factor ETF 6.4 15 21 5.0 -5.8
DJD Invesco Dow Jones Industrial Average Dividend ETF 6.4 7 29 6.6 -4.3
JKD iShares Morningstar Large-Cap ETF 6.4 20 16 5.3 -5.5
SPXT ProShares S&P 500 Ex-Technology ETF 6.4 27 9 5.1 -5.7
DIVB iShares U.S. Dividend & Buyback ETF 6.3 25 11 6.1 -4.7
SUSL iShares ESG MSCI USA Leaders ETF 6.3 10 26 4.9 -5.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 6.3 10 26 4.9 -5.9
FLLV Franklin Liberty U.S. Low Volatility ETF 6.3 29 7 5.2 -5.7
QLC FlexShares US Quality Large Cap Index Fund 6.2 32 4 4.8 -6.0
OEF iShares S&P 100 ETF 6.2 20 16 4.5 -6.4
CCOR Core Alternative ETF 6.1 109 -73 4.4 -6.5
IUSV iShares Core S&P U.S. Value ETF 6.1 4 32 6.8 -4.1
IWX iShares Russell Top 200 Value ETF 6.1 20 16 6.2 -4.6
HUSV First Trust Horizon Managed Volatility Domestic ETF 6.1 70 -34 5.6 -5.3
STLG iShares Factors US Growth Style ETF 6.1 25 11 4.1 -6.8
IOO iShares Global 100 ETF 6.0 40 -4 4.4 -6.4
FDLO Fidelity Low Volatility Factor ETF 6.0 29 7 4.9 -5.9
LNGR Global X Longevity Thematic ETF 5.9 50 -14 3.2 -7.7
QUS SPDR MSCI USA StrategicFactors ETF 5.9 15 21 5.4 -5.4
EDOW First Trust Dow 30 Equal Weight ETF 5.9 50 -14 5.2 -5.6

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%.

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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 2.0 x
Less: Expense ratio 36 bp
Equals: ALTAR Score 10.8 %
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.