ALPS Medical Breakthroughs ETF
ALTAR
Score™		 -4.8% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 -10.9x P/Sales
ratio		 9.5x
P/BV
ratio		 7.0x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
ALPS Medical Breakthroughs ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results that correspond generally to the performance of its underlying index, the Poliwogg Medical Breakthroughs Index (ticker symbol: PMBI).

FUND BASICS
Category US Equities
Fund Sponsor ALPS Advisors Inc
Website www.alpsetfs.com
Inception date Dec 30, 2014
Assets (mns) $104
Currency USD
Expense ratio 50 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 87
Wgt avg mkt cap (mns) $2,096
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 41.9%
Small cap (<$2bn) 56.2%
Developed mkts 99.0%
Emerging mkts 1.0%

TOP TEN HOLDINGS
VIKING THERAPEUTICS, INC. 5.3 %
CEREVEL THERAPEUTICS HOLDINGS INC 4.8 %
VAXCYTE, INC. 4.6 %
REVOLUTION MEDICINES, INC. 3.1 %
ALKERMES PLC 2.8 %
ARCELLX, INC. 2.3 %
AXSOME THERAPEUTICS, INC. 2.3 %
SPRINGWORKS THERAPEUTICS, INC. 2.3 %
CRINETICS PHARMACEUTICALS INC 2.1 %
XENON PHARMACEUTICALS INC. 2.0 %
Total 31.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 82.3 %
IRELAND 3.7 %
CANADA 2.5 %
BRITAIN 1.9 %
SWITZERLAND 1.9 %
NETHERLANDS 1.6 %
BELGIUM 1.4 %
CHINA 1.0 %
BERMUDA 0.5 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
12.5% 36.6% 0.5% -- 5.0%

Market Correlations
versus... Beta R-squared
S&P500 0.81 23%
MSCI EAFE 0.74 18%
MSCI Emg. Mkts. 0.69 17%

Technical Indicators
Recent close $32.24
30d moving avg. $26.58
Annualized volatility 29.8%
Short interest (ETF) 0.5%
Short interest (Underlying) 9.6%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.3%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $1,864

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 206 potential alternatives to the ALPS Medical Breakthroughs ETF ETF based on the alternatives' overlap in portfolio holdings with SBIO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SBIO Expense: 50 bp ALTAR Score™: -4.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SBIO
Ticker Fund
Name		 Overlap1
vs SBIO
(%)		 Expense
ratio
(bp)		 Savings
vs SBIO
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SBIO
(%)
BBC Virtus LifeSci Biotech Clinical Trials ETF 39.4 79 -29 -9.1 -4.4
XBI SPDR S&P BIOTECH ETF 39.1 35 15 -1.4 +3.4
BTEC Principal Healthcare Innovators ETF 26.4 42 8 -5.2 -0.4
CNCR Range Cancer Therapeutics ETF 20.3 79 -29 -30.4 -25.7
CANC Tema Oncology ETF 17.2 75 -25 -4.3 +0.4
BBP Virtus LifeSci Biotech Products ETF 16.4 79 -29 -4.7 +0.0
IBRN iShares Neuroscience and Healthcare ETF 16.4 47 3 -4.9 -0.1
IDNA iShares Genomics Immunology and Healthcare ETF 14.9 47 3 -5.1 -0.3
PTH Invesco Dorsey Wright Healthcare Momentum ETF 14.8 60 -10 -3.5 +1.2
IBBQ Invesco Nasdaq Biotechnology ETF 11.4 19 31 0.9 +5.7
BMED Future Health ETF 10.2 85 -35 0.2 +5.0
PSCH Invesco S&P SmallCap Health Care ETF 10.1 29 21 5.8 +10.5
IBB iShares Biotechnology ETF 10.0 45 5 0.9 +5.6
GERM ETFMG Treatments Testing and Advancements ETF 9.5 68 -18 -6.4 -1.7
QQQS Invesco NASDAQ Future Gen 200 ETF 8.6 20 30 -7.7 -3.0
PBE Invesco Biotechnology & Genome ETF 8.2 58 -8 0.6 +5.4
XPH SPDR S&P Pharmaceuticals ETF 8.2 35 15 5.0 +9.7
IWC iShares Micro-Cap ETF 8.0 60 -10 -4.3 +0.5
FBT First Trust NYSE Arca Biotechnology Index Fund 7.4 56 -6 0.0 +4.8
SANE Subversive Mental Health ETF 6.1 75 -25 0.0 +4.8
FYC First Trust Small Cap Growth AlphaDEX Fund 6.0 71 -21 0.9 +5.6
IWO iShares Russell 2000 Growth ETF 5.8 24 26 1.4 +6.2
WDNA WisdomTree BioRevolution Fund 5.6 45 5 -4.4 +0.3
VTWG Vanguard Russell 2000 Growth ETF 5.5 15 35 1.7 +6.5
MEDX Horizon Kinetics Medical ETF 5.2 85 -35 -0.2 +4.6
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 4.9 60 -10 1.2 +5.9
FTXH First Trust Nasdaq Pharmaceuticals ETF 4.5 60 -10 9.0 +13.7
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 4.5 9 41 3.9 +8.7
MEDI Harbor Health Care ETF 4.4 80 -30 0.9 +5.6
MOON Direxion Moonshot Innovators ETF 4.3 65 -15 0.0 +4.8
IHE iShares U.S. Pharmaceuticals ETF 4.2 40 10 8.1 +12.9
GNOM Global X Genomics & Biotechnology ETF 4.1 50 0 -5.3 -0.5
IWM iShares Russell 2000 ETF 4.0 19 31 3.6 +8.3
VTWO Vanguard Russell 2000 ETF 3.7 10 40 3.8 +8.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 3.7 20 30 4.5 +9.3
VFMO Vanguard U.S. Momentum Factor ETF 3.6 13 37 2.7 +7.5
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 3.5 95 -45 1.7 +6.4
ISCG iShares Morningstar Small-Cap Growth ETF 3.3 6 44 2.4 +7.2
NUSC Nuveen ESG Small-Cap ETF 3.2 31 19 5.1 +9.9
AFSM First Trust Active Factor Small Cap ETF 3.1 75 -25 7.6 +12.3
AVSC Avantis U.S Small Cap Equity ETF 3.0 25 25 5.4 +10.1
PSIL AdvisorShares Psychedelics ETF 2.8 99 -49 0.0 +4.8
ROSC Hartford Multifactor Small Cap ETF 2.8 34 16 10.0 +14.8
PJP Invesco Pharmaceuticals ETF 2.7 57 -7 7.4 +12.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 2.7 20 30 6.7 +11.4
ISMD Inspire Small/Mid Cap ETF 2.7 54 -4 6.0 +10.8
INNO Harbor Disruptive Innovation ETF 2.7 75 -25 -3.5 +1.3
ARB AltShares Merger Arbitrage ETF 2.6 77 -27 -0.2 +4.6
HELX Franklin Genomic Advancements ETF 2.6 50 0 1.7 +6.4
GURU Global X Guru Index ETF 2.5 75 -25 2.5 +7.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 2.5 17 33 5.4 +10.1
STXK Strive Small-Cap ETF 2.4 18 32 5.5 +10.2
SMLF iShares U.S. SmallCap Equity Factor ETF 2.4 15 35 5.8 +10.5
IWN iShares Russell 2000 Value ETF 2.4 24 26 5.5 +10.3
SSLY Syntax Stratified SmallCap ETF 2.3 40 10 7.4 +12.1
FYX First Trust Small Cap Core AlphaDEX Fund 2.3 61 -11 7.1 +11.9
SCHA Schwab U.S. Small-Cap ETF 2.3 4 46 4.8 +9.6
BKSE BNY Mellon US Small Cap Core Equity ETF 2.3 4 46 5.7 +10.4
PSC Principal U.S. Small-Cap ETF 2.2 38 12 6.5 +11.3
ISCB iShares Morningstar Small-Cap ETF 2.2 4 46 5.3 +10.0
ARKG ARK Genomic Revolution ETF 2.1 75 -25 -8.9 -4.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.1 25 25 8.8 +13.5
VTWV Vanguard Russell 2000 Value ETF 2.1 15 35 5.7 +10.5
JFWD Jacob Forward ETF 2.0 75 -25 0.0 +4.8
FSMD Fidelity Small-Mid Multifactor ETF 2.0 15 35 7.6 +12.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.9 35 15 7.4 +12.2
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 1.8 59 -9 8.4 +13.2
SIXS ETC 6 Meridian Small Cap Equity ETF 1.8 89 -39 8.9 +13.7
CALF Pacer US Small Cap Cash Cows 100 ETF 1.8 59 -9 10.9 +15.6
AGNG Global X Aging Population ETF 1.7 50 0 4.1 +8.8
FHLC Fidelity MSCI Health Care Index ETF 1.7 8 42 5.8 +10.6
SLYG SPDR S&P 600 Small Cap Growth ETF 1.7 15 35 7.0 +11.7
IJT iShares S&P Small-Cap 600 Growth ETF 1.6 18 32 7.0 +11.7
VBK Vanguard Small-Cap Growth ETF 1.6 7 43 1.4 +6.2
ARKK ARK Innovation ETF 1.6 75 -25 -4.9 -0.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 1.6 15 35 6.9 +11.6
SMCP AlphaMark Actively Managed Small Cap ETF 1.6 90 -40 6.8 +11.5
SQLV Royce Quant Small-Cap Quality Value ETF 1.5 60 -10 8.9 +13.6
DFAS Dimensional U.S. Small Cap ETF 1.5 26 24 6.0 +10.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.5 35 15 7.1 +11.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.4 64 -14 2.1 +6.8
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 1.4 35 15 5.4 +10.2
VXF Vanguard Extended Market ETF 1.4 6 44 3.9 +8.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.4 29 21 7.3 +12.0
ETHO Etho Climate Leadership U.S. ETF 1.4 47 3 4.0 +8.8
XJR iShares ESG Screened S&P Small-Cap ETF 1.4 12 38 7.6 +12.4
VHT Vanguard Health Care ETF 1.3 10 40 5.6 +10.4
SMLE Xtrackers S&P SmallCap 600 ESG ETF 1.2 15 35 7.5 +12.2
IJR iShares Core S&P Small Cap ETF 1.2 6 44 8.1 +12.8
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.2 3 47 8.1 +12.9
JSML Janus Henderson Small Cap Growth Alpha ETF 1.2 30 20 9.2 +14.0
ESIX SPDR S&P SmallCap 600 ESG ETF 1.2 12 38 7.7 +12.5
FSMO Fidelity Small-Mid Cap Opportunities ETF 1.1 60 -10 6.6 +11.4
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.1 15 35 8.1 +12.9
GDOC Goldman Sachs Future Health Care Equity ETF 1.1 75 -25 3.1 +7.9
BUZZ VanEck Social Sentiment ETF 1.1 75 -25 -0.7 +4.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 11 4.5 +9.2
JHSC John Hancock Multifactor Small Cap ETF 0.9 42 8 6.1 +10.9
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 10 40 7.7 +12.5
BFOR ALPS Barron's 400 ETF 0.8 65 -15 6.5 +11.3
ISCV iShares Morningstar Small Cap Value ETF 0.8 6 44 8.1 +12.8
ACTV LeaderShares Activist Leaders ETF 0.8 75 -25 8.0 +12.8
PINK Simplify Health Care ETF 0.8 50 0 3.3 +8.1
SLYV SPDR S&P 600 Small Cap Value ETF 0.8 15 35 9.2 +14.0
IJS iShares S&P Small-Cap 600 Value ETF 0.8 18 32 9.2 +13.9
XSHQ Invesco S&P SmallCap Quality ETF 0.8 29 21 10.0 +14.8
FPX First Trust US Equity Opportunities ETF 0.8 61 -11 0.6 +5.4
SIXL ETC 6 Meridian Low Beta Equity ETF 0.8 80 -30 5.1 +9.8
EES WisdomTree U.S. SmallCap Fund 0.8 38 12 10.2 +14.9
VB Vanguard Small-Cap ETF 0.8 5 45 5.3 +10.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 43 5.7 +10.5
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.7 70 -20 1.8 +6.5
VUSE Vident U.S. Equity Strategy ETF 0.7 50 0 3.6 +8.3
DFNV Donoghue Forlines Innovation ETF 0.7 69 -19 5.0 +9.7
XSMO Invesco S&P SmallCap Momentum ETF 0.6 39 11 7.7 +12.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.6 30 20 7.6 +12.3
HART IQ Healthy Hearts ETF 0.6 45 5 5.3 +10.1
GINN Goldman Sachs Innovate Equity ETF 0.6 52 -2 2.7 +7.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.6 21 29 3.9 +8.6
PDP Invesco Dorsey Wright Momentum ETF 0.6 62 -12 3.6 +8.4
WCEO Hypatia Women CEO ETF 0.6 85 -35 5.1 +9.8
VAMO Cambria Value & Momentum ETF 0.5 61 -11 9.6 +14.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 0.5 70 -20 4.5 +9.3
KOMP SPDR S&P Kensho New Economies Composite ETF 0.5 20 30 2.1 +6.8
DSMC Distillate Small/Mid Cash Flow ETF 0.5 55 -5 11.7 +16.5
VFQY Vanguard U.S. Quality Factor ETF 0.5 13 37 7.2 +11.9
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.5 47 3 9.7 +14.4
XHS SPDR S&P Health Care Services ETF 0.4 35 15 5.7 +10.5
QGRO American Century U.S. Quality Growth ETF 0.4 29 21 5.7 +10.5
PGJ Invesco Golden Dragon China ETF 0.4 70 -20 5.0 +9.8
TPSC Timothy Plan US Small Cap Core ETF 0.4 52 -2 7.6 +12.3
HKND Humankind US Stock ETF 0.4 11 39 6.9 +11.6
CSF VictoryShares US Discovery Enhanced Volatility Wtd ETF 0.4 42 8 7.4 +12.2
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 15 7.5 +12.3
DFAC Dimensional U.S. Core Equity 2 ETF 0.4 17 33 5.6 +10.4
XT iShares Exponential Technologies ETF 0.4 46 4 3.9 +8.6
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.4 40 10 4.1 +8.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 11 8.8 +13.5
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 25 5.6 +10.4
ISRA VanEck Israel ETF 0.3 59 -9 8.8 +13.5
AVUV Avantis U.S. Small Cap Value ETF 0.3 25 25 10.0 +14.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.3 12 38 7.3 +12.0
DFAT Dimensional U.S. Targeted Value ETF 0.3 28 22 8.2 +12.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 11 9.3 +14.0
GVLU Gotham 1000 Value ETF 0.2 50 0 7.4 +12.1
APIE ActivePassive International Equity ETF 0.2 45 5 7.7 +12.4
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.2 15 35 8.5 +13.3
FDWM Fidelity Women's Leadership ETF 0.2 59 -9 4.7 +9.5
FNX First Trust Mid Cap Core AlphaDEX Fund 0.2 60 -10 6.0 +10.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 5.1 +9.9
VFMF Vanguard U.S. Multifactor ETF 0.2 18 32 8.6 +13.3
SAGP Strategas Global Policy Opportunities ETF 0.2 65 -15 4.5 +9.2
IWV iShares Russell 3000 ETF 0.2 20 30 5.0 +9.7
VTHR Vanguard Russell 3000 ETF 0.2 10 40 5.1 +9.8
AVUS Avantis U.S. Equity ETF 0.2 15 35 6.0 +10.8
VTI Vanguard Total Stock Market ETF 0.2 3 47 5.1 +9.8
SXQG ETC 6 Meridian Quality Growth ETF 0.2 100 -50 4.4 +9.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 41 5.7 +10.4
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.5 +11.3
SCHB Schwab U.S. Broad Market ETF 0.2 3 47 5.2 +9.9
ANEW ProShares MSCI Transformational Changes ETF 0.2 45 5 3.3 +8.1
DFAU Dimensional US Core Equity Market ETF 0.1 12 38 5.3 +10.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.1 25 25 6.8 +11.5
AOTG AOT Growth and Innovation ETF 0.1 75 -25 3.0 +7.8
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 32 5.6 +10.4
ROUS Hartford Multifactor US Equity ETF 0.1 19 31 6.4 +11.2
VBR Vanguard Small Cap Value ETF 0.1 7 43 8.1 +12.9
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -39 4.7 +9.5
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 41 5.0 +9.8
EZM WisdomTree U.S. MidCap Fund 0.1 38 12 8.1 +12.8
SCHM Schwab U.S. Mid-Cap ETF 0.1 4 46 6.3 +11.1
DFUS Dimensional U.S. Equity ETF 0.1 9 41 5.1 +9.9
VALQ American Century U.S. Quality Value ETF 0.1 29 21 7.4 +12.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.1 4 46 6.1 +10.8
IHF iShares U.S. Healthcare Providers ETF 0.1 40 10 5.9 +10.7
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 27 8.7 +13.4
SPDW SPDR Portfolio Developed World ex-US ETF 0.1 3 47 6.9 +11.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -25 3.7 +8.5
VT Vanguard Total World Stock ETF 0.1 7 43 5.8 +10.5
SFYX SoFi Next 500 ETF 0.0 0 50 5.6 +10.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 30 7.5 +12.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.0 75 -25 4.7 +9.4
VIRS Pacer BioThreat Strategy ETF 0.0 70 -20 5.9 +10.7
FBCG Fidelity Blue Chip Growth ETF 0.0 59 -9 2.5 +7.3
TMFX Motley Fool Next Index ETF 0.0 50 0 3.4 +8.1
DFUV Dimensional US Marketwide Value ETF 0.0 22 28 7.6 +12.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 7.1 +11.9
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 47 5.4 +10.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.0 36 14 7.5 +12.2
BKEM BNY Mellon Emerging Markets Equity ETF 0.0 11 39 7.7 +12.5
SCHK Schwab 1000 Index ETF 0.0 5 45 5.3 +10.0
STXG Strive 1000 Growth ETF 0.0 18 32 4.2 +8.9
VLU SPDR S&P 1500 Value Tilt ETF 0.0 12 38 7.1 +11.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 38 4.5 +9.2
HLGE Hartford Longevity Economy ETF 0.0 44 6 6.6 +11.3
PKW Invesco Buyback Achievers ETF 0.0 62 -12 7.0 +11.8
AVDE Avantis International Equity ETF 0.0 23 27 7.8 +12.6
IYY iShares Dow Jones U.S. ETF 0.0 20 30 5.0 +9.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.0 30 20 7.5 +12.3
DFSV Dimensional US Small Cap Value ETF 0.0 31 19 8.8 +13.6
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 20 6.8 +11.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 25 7.0 +11.8
STXV Strive 1000 Value ETF 0.0 18 32 7.8 +12.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 39 5.2 +10.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 5.0 +9.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 12 8.3 +13.0

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 ALPS Medical Breakthroughs ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -38.4 %
Divided by: Fwd. P/BV 9.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score -4.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.18 CATEGORY
AVERAGE		 1.55
 
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.