ALPS Medical Breakthroughs ETF
ALTAR
Score™		 0.0% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 -18.7x P/Sales
ratio		 11.7x
P/BV
ratio		 0.0x Div.
yield		 0.2%


  • 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) $201
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) $2,223
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 36.9%
Small cap (<$2bn) 57.1%
Developed mkts 97.6%
Emerging mkts 2.4%

TOP TEN HOLDINGS
CRINETICS PHARMACEUTICALS INC 4.7 %
APOGEE THERAPEUTICS, INC. 4.5 %
XENON PHARMACEUTICALS, INC. 3.4 %
CG ONCOLOGY, INC. 3.3 %
DIANTHUS THERAPEUTICS INC 3.0 %
ORUKA THERAPEUTICS INC 3.0 %
TRAVERE THERAPEUTICS, INC. 2.9 %
DEFINIUM THERAPEUTICS INC 2.5 %
VERADERMICS INC 2.5 %
EDGEWISE THERAPEUTICS, INC. 2.4 %
Total 32.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 83.2 %
CHINA 1.2 %
BELGIUM 1.0 %
BRITAIN 1.0 %
GERMANY 0.7 %
SINGAPORE 0.6 %
CAYMAN ISLANDS 0.5 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.7% 94.1% 7.6% 10.2% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.01 18%
MSCI EAFE 0.90 21%
MSCI Emg. Mkts. 0.47 14%

Technical Indicators
Recent close $63.53
30d moving avg. $63.94
Annualized volatility 29.2%
Short interest (ETF) 1.3%
Short interest (Underlying) 9.6%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 49
Turnover 1.5%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $1,326

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 204 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™: 0.0%


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
(%)
XBI State Street SPDR S&P Biotech ETF 26.0 35 15 -1.5 -1.5
XPH State Street SPDR S&P Pharmaceuticals ETF 19.9 35 15 -1.6 -1.6
IBRN iShares Neuroscience and Healthcare ETF 16.8 47 3 0.0 0.0
BBP Virtus LifeSci Biotech Products ETF 15.5 79 -29 -3.7 -3.7
CANC Tema Oncology ETF 14.3 75 -25 -2.2 -2.2
PTH Invesco Dorsey Wright Healthcare Momentum ETF 12.4 60 -10 -1.3 -1.3
LFSC F/m Emerald Life Sciences Innovation ETF 12.3 79 -29 0.0 0.0
FMED Fidelity Disruptive Medicine ETF 9.8 50 0 -1.1 -1.1
IBB iShares Biotechnology ETF 8.6 45 5 -0.5 -0.5
IBBQ Invesco Nasdaq Biotechnology ETF 7.9 19 31 0.3 +0.3
WDNA WisdomTree BioRevolution Fund 7.3 45 5 -2.0 -2.0
IHE iShares U.S. Pharmaceuticals ETF 6.9 40 10 4.4 +4.4
IWO iShares Russell 2000 Growth ETF 6.3 24 26 0.5 +0.5
IWC iShares Micro-Cap ETF 6.2 60 -10 -1.3 -1.3
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 5.8 95 -45 -0.5 -0.5
PBE Invesco Biotechnology & Genome ETF 5.7 58 -8 1.7 +1.7
FYC First Trust Small Cap Growth AlphaDEX Fund 5.5 71 -21 -0.6 -0.6
BOUT Innovator IBD Breakout Opportunities ETF 5.4 81 -31 2.9 +2.9
VTWG Vanguard Russell 2000 Growth ETF 5.2 10 40 0.6 +0.6
IDNA iShares Genomics Immunology and Healthcare ETF 4.9 47 3 -0.3 -0.3
QQQS Invesco NASDAQ Future Gen 200 ETF 4.8 20 30 -3.4 -3.4
HELX Franklin Genomic Advancements ETF 4.4 50 0 -1.3 -1.3
GURU Global X Guru Index ETF 4.3 75 -25 2.4 +2.4
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 4.2 60 -10 -0.9 -0.9
PJP Invesco Pharmaceuticals ETF 4.2 57 -7 6.4 +6.4
RSSL Global X Russell 2000 ETF 4.1 8 42 2.6 +2.6
IWM iShares Russell 2000 ETF 4.0 19 31 2.5 +2.5
PSCH Invesco S&P SmallCap Health Care ETF 3.7 29 21 2.0 +2.0
VTWO Vanguard Russell 2000 ETF 3.6 7 43 2.7 +2.7
VFMO Vanguard U.S. Momentum Factor ETF 3.5 13 37 1.7 +1.7
OZEM Roundhill GLP-1 & Weight Loss ETF 3.4 59 -9 5.4 +5.4
HAPS Harbor Human Capital Factor US Small Cap ETF 3.3 60 -10 3.1 +3.1
PSIL AdvisorShares Psychedelics ETF 3.3 99 -49 -1.2 -1.2
SPIT F/m Emerald Special Situations ETF 3.3 105 -55 -0.7 -0.7
GDOC Goldman Sachs Future Health Care Equity ETF 3.1 75 -25 0.9 +0.9
FFTY Innovator IBD 50 ETF 2.9 80 -30 0.0 +0.0
GNOM Global X Genomics & Biotechnology ETF 2.8 50 0 -2.3 -2.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 2.6 9 41 3.5 +3.5
NBDS Neuberger Berman Disrupters ETF 2.5 55 -5 0.7 +0.7
STXK Strive Small-Cap ETF 2.5 18 32 5.0 +5.0
OPTZ Optimize Strategy Index ETF 2.0 50 0 3.4 +3.4
SAMM Strategas Macro Momentum ETF 2.0 66 -16 4.0 +4.0
BKSE BNY Mellon US Small Cap Core Equity ETF 2.0 4 46 14.9 +14.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 2.0 20 30 3.8 +3.8
FYX First Trust Small Cap Core AlphaDEX Fund 2.0 61 -11 5.0 +5.0
ISCG iShares Morningstar Small-Cap Growth ETF 1.9 6 44 2.7 +2.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.9 39 11 2.1 +2.1
AGNG Global X Aging Population ETF 1.8 50 0 4.2 +4.2
FESM Fidelity Enhanced Small Cap ETF 1.8 28 22 2.1 +2.1
JSML Janus Henderson Small Cap Growth Alpha ETF 1.8 30 20 2.6 +2.6
FTXH First Trust Nasdaq Pharmaceuticals ETF 1.7 60 -10 6.4 +6.4
IWN iShares Russell 2000 Value ETF 1.7 24 26 4.5 +4.5
VTWV Vanguard Russell 2000 Value ETF 1.7 10 40 4.6 +4.6
ISCB iShares Morningstar Small-Cap ETF 1.7 4 46 5.2 +5.2
SMMD iShares Russell 2500 ETF 1.7 15 35 5.3 +5.3
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.6 17 33 4.8 +4.8
MEDI Harbor Health Care ETF 1.6 80 -30 -1.4 -1.4
AVSC Avantis U.S Small Cap Equity ETF 1.6 25 25 4.3 +4.3
HRTS Tema Heart & Health ETF 1.6 75 -25 2.8 +2.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.6 64 -14 1.3 +1.3
VXF Vanguard Extended Market ETF 1.6 5 45 3.7 +3.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 1.5 70 -20 2.1 +2.1
VHT Vanguard Health Care ETF 1.4 9 41 4.9 +4.9
AFSM First Trust Active Factor Small Cap ETF 1.4 75 -25 5.4 +5.4
DFAS Dimensional U.S. Small Cap ETF 1.3 26 24 5.3 +5.3
ASCE Allspring SMID Core ETF 1.3 38 12 2.9 +2.9
FPX First Trust US Equity Opportunities ETF 1.3 61 -11 0.8 +0.8
THNR Amplify Weight Loss Drug & Treatment ETF 1.2 59 -9 5.9 +5.9
FHLC Fidelity MSCI Health Care Index ETF 1.2 8 42 5.1 +5.1
SCHA Schwab U.S. Small-Cap ETF 1.2 4 46 4.3 +4.3
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.2 49 1 7.0 +7.0
JDOC JPMorgan Healthcare Leaders ETF 1.2 65 -15 3.4 +3.4
ABLS Abacus FCF Small Cap Leaders ETF 1.1 59 -9 4.2 +4.2
ISCV iShares Morningstar Small Cap Value ETF 1.0 6 44 7.3 +7.3
BMED Future Health ETF 1.0 85 -35 1.1 +1.1
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.0 20 30 0.8 +0.8
ARKG ARK Genomic Revolution ETF 1.0 75 -25 -1.1 -1.1
SMLF iShares U.S. SmallCap Equity Factor ETF 1.0 15 35 4.8 +4.8
FDM First Trust Dow Jones Select MicroCap Index Fund 1.0 60 -10 6.6 +6.6
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.0 20 30 5.5 +5.5
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.0 35 15 2.9 +2.9
GRPZ Invesco S&P SmallCap 600 GARP ETF 0.9 35 15 5.6 +5.6
NIXT Research Affiliates Deletions ETF 0.9 9 41 6.0 +6.0
FBT First Trust NYSE Arca Biotechnology Index Fund 0.9 56 -6 2.2 +2.2
WSML iShares MSCI World Small-Cap ETF 0.9 15 35 5.3 +5.3
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 15 5.7 +5.7
NUSC Nuveen ESG Small-Cap ETF 0.9 31 19 4.7 +4.7
DBSC Deepwater Beachfront Small Cap ETF 0.8 85 -35 1.2 +1.2
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.7 15 35 3.5 +3.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.7 10 40 3.4 +3.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.7 18 32 3.4 +3.4
VBK Vanguard Small-Cap Growth ETF 0.7 7 43 1.3 +1.3
ISMD Inspire Small/Mid Cap ETF 0.6 54 -4 4.7 +4.7
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.6 59 -9 4.0 +4.0
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 0.6 55 -5 3.1 +3.1
XSHQ Invesco S&P SmallCap Quality ETF 0.6 29 21 6.5 +6.5
WCEO Hypatia Women CEO ETF 0.6 85 -35 4.4 +4.4
XJR iShares ESG Screened S&P Small-Cap ETF 0.5 12 38 5.8 +5.8
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 -10 6.0 +6.0
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 11 3.4 +3.4
BFOR ALPS Barron's 400 ETF 0.5 65 -15 21.0 +21.0
JHSC John Hancock Multifactor Small Cap ETF 0.5 42 8 5.8 +5.8
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 7 4.8 +4.8
ROSC Hartford Multifactor Small Cap ETF 0.5 34 16 6.8 +6.8
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.5 40 10 3.5 +3.5
EES WisdomTree U.S. SmallCap Fund 0.5 38 12 7.4 +7.4
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 4.0 +4.0
LRNZ TrueShares Technology, AI & Deep Learning ETF 0.5 69 -19 -0.8 -0.8
IJR iShares Core S&P Small Cap ETF 0.5 6 44 6.0 +6.0
VIOO Vanguard S&P Small-Cap 600 ETF 0.5 7 43 5.8 +5.8
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.5 3 47 6.0 +6.0
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -15 4.7 +4.7
PSC Principal U.S. Small-Cap ETF 0.5 38 12 3.5 +3.5
PGJ Invesco Golden Dragon China ETF 0.4 70 -20 14.9 +14.9
TPSC Timothy Plan US Small Cap Core ETF 0.4 52 -2 6.3 +6.3
GINN Goldman Sachs Innovate Equity ETF 0.4 52 -2 3.7 +3.7
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.4 12 38 3.2 +3.2
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.4 35 15 6.2 +6.2
FDG American Century Focused Dynamic Growth ETF 0.4 45 5 1.9 +1.9
VAMO Cambria Value & Momentum ETF 0.4 61 -11 5.1 +5.1
VB Vanguard Small-Cap ETF 0.4 5 45 5.1 +5.1
SVAL iShares US Small Cap Value Factor ETF 0.4 20 30 6.8 +6.8
FSMD Fidelity Small-Mid Multifactor ETF 0.4 15 35 6.4 +6.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 20 3.7 +3.7
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 15 6.7 +6.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 29 2.9 +2.9
ETHO Etho Climate Leadership U.S. ETF 0.3 47 3 4.0 +4.0
XHS State Street SPDR S&P Health Care Services ETF 0.3 35 15 3.2 +3.2
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 35 5.9 +5.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 25 7.4 +7.4
SQLV Royce Quant Small-Cap Quality Value ETF 0.3 60 -10 7.2 +7.2
DXUV Dimensional US Vector Equity ETF 0.3 28 22 5.0 +5.0
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 25 5.9 +5.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 33 4.6 +4.6
IJS iShares S&P Small-Cap 600 Value ETF 0.2 18 32 8.4 +8.4
DFNV Donoghue Forlines Innovation ETF 0.2 69 -19 3.8 +3.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.2 10 40 8.5 +8.5
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.2 15 35 8.5 +8.5
DCOR Dimensional US Core Equity 1 ETF 0.2 14 36 4.5 +4.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 11 6.8 +6.8
GWX SPDR S&P International Small Cap ETF 0.2 40 10 6.0 +6.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 25 4.8 +4.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 4.1 +4.1
VFVA Vanguard U.S. Value Factor ETF 0.2 13 37 8.7 +8.7
VBR Vanguard Small Cap Value ETF 0.2 7 43 7.5 +7.5
PINK Simplify Health Care ETF 0.2 50 0 0.8 +0.8
VTI Vanguard Total Stock Market ETF 0.2 3 47 4.1 +4.1
VTHR Vanguard Russell 3000 ETF 0.2 7 43 4.1 +4.1
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 10 3.0 +3.0
IWV iShares Russell 3000 ETF 0.2 20 30 4.0 +4.0
MEDX Horizon Kinetics Medical ETF 0.2 85 -35 1.5 +1.5
DFAU Dimensional US Core Equity Market ETF 0.1 12 38 4.2 +4.2
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -9 2.2 +2.2
FFF Founders 100 ETF 0.1 75 -25 2.5 +2.5
TEXN iShares Texas Equity ETF 0.1 20 30 5.1 +5.1
EZM WisdomTree U.S. MidCap Fund 0.1 38 12 7.7 +7.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.8 +4.8
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 27 7.2 +7.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 21 6.2 +6.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 30 6.0 +6.0
DFUS Dimensional U.S. Equity ETF 0.1 9 41 4.0 +4.0
SCHB Schwab U.S. Broad Market ETF 0.1 3 47 4.2 +4.2
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -50 3.0 +3.0
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 32 4.6 +4.6
APIE ActivePassive International Equity ETF 0.1 45 5 6.2 +6.2
AVDS Avantis International Small Cap Equity ETF 0.1 30 20 6.0 +6.0
IHF iShares U.S. Healthcare Providers ETF 0.1 40 10 6.5 +6.5
TXS Texas Capital Texas Equity Index ETF 0.1 49 1 4.9 +4.9
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 37 5.3 +5.3
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 41 4.1 +4.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 25 5.9 +5.9
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 32 5.2 +5.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.0 24 26 5.8 +5.8
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 35 4.8 +4.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -15 6.9 +6.9
TMFX Motley Fool Next Index ETF 0.0 50 0 2.8 +2.8
SFGV Sequoia Global Value ETF 0.0 23 27 7.0 +7.0
PKW Invesco Buyback Achievers ETF 0.0 62 -12 6.9 +6.9
VT Vanguard Total World Stock ETF 0.0 6 44 5.0 +5.0
DFUV Dimensional US Marketwide Value ETF 0.0 22 28 5.9 +5.9
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 22 8.2 +8.2
GXC SPDR S & P China ETF 0.0 59 -9 18.7 +18.7
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 47 4.3 +4.3
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 27 5.2 +5.2
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 38 3.6 +3.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 1 6.0 +6.0
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 16 5.5 +5.5
AVDE Avantis International Equity ETF 0.0 23 27 6.1 +6.1
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 47 5.8 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 43 9.5 +9.5
EBI Longview Advantage ETF 0.0 35 15 5.8 +5.8
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 38 6.0 +6.0
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 12 7.2 +7.2
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 38 3.9 +3.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 9 7.1 +7.1
FNDB Schwab Fundamental US Broad Market Index ETF 0.0 25 25 6.0 +6.0
DFAE Dimensional Emerging Core Equity Market ETF 0.0 35 15 7.2 +7.2
AVUQ Avantis U.S. Quality ETF 0.0 15 35 3.6 +3.6
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 32 3.4 +3.4
RECS Columbia Research Enhanced Core ETF 0.0 15 35 5.3 +5.3
REVS Columbia Research Enhanced Value ETF 0.0 19 31 6.3 +6.3
AVUS Avantis U.S. Equity ETF 0.0 15 35 4.7 +4.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 20 6.4 +6.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.0 15 35 9.0 +9.0

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 -66.7 %
Divided by: Fwd. P/BV 0.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 0.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.40 CATEGORY
AVERAGE		 1.57
 
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.