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) $234
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 84
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
CG ONCOLOGY, INC. 3.7 %
TRAVERE THERAPEUTICS, INC. 3.4 %
DIANTHUS THERAPEUTICS INC 3.3 %
XENON PHARMACEUTICALS, INC. 3.2 %
ORUKA THERAPEUTICS INC 3.1 %
ACADIA PHARMACEUTICALS INC 2.7 %
EDGEWISE THERAPEUTICS, INC. 2.6 %
DEFINIUM THERAPEUTICS INC 2.3 %
RELAY THERAPEUTICS, INC. 2.3 %
VERADERMICS INC 2.3 %
Total 28.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 82.0 %
CHINA 1.7 %
BELGIUM 1.0 %
BRITAIN 1.0 %
GERMANY 0.7 %
CAYMAN ISLANDS 0.5 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
30.5% 91.9% 7.4% 11.3% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.01 17%
MSCI EAFE 0.90 20%
MSCI Emg. Mkts. 0.46 13%

Technical Indicators
Recent close $63.71
30d moving avg. $65.63
Annualized volatility 29.2%
Short interest (ETF) 1.8%
Short interest (Underlying) 9.6%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.0%
Bid/Ask (% of price) 0.34%
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 24.4 35 15 -1.3 -1.3
IBRN iShares Neuroscience and Healthcare ETF 18.9 47 3 0.0 0.0
XPH State Street SPDR S&P Pharmaceuticals ETF 17.9 35 15 -1.6 -1.6
CANC Tema Oncology ETF 16.5 75 -25 -2.1 -2.1
BBP Virtus LifeSci Biotech Products ETF 15.4 79 -29 -3.4 -3.4
PTH Invesco Dorsey Wright Healthcare Momentum ETF 12.4 60 -10 -1.2 -1.2
LFSC F/m Emerald Life Sciences Innovation ETF 11.7 79 -29 0.0 0.0
FMED Fidelity Disruptive Medicine ETF 8.3 50 0 -1.1 -1.1
WDNA WisdomTree BioRevolution Fund 7.8 45 5 -1.8 -1.8
IBBQ Invesco Nasdaq Biotechnology ETF 7.2 19 31 0.2 +0.2
IBB iShares Biotechnology ETF 7.0 45 5 -0.5 -0.5
IWC iShares Micro-Cap ETF 6.7 60 -10 -1.3 -1.3
PBE Invesco Biotechnology & Genome ETF 6.5 58 -8 1.7 +1.7
FYC First Trust Small Cap Growth AlphaDEX Fund 6.1 71 -21 -0.6 -0.6
IWO iShares Russell 2000 Growth ETF 5.8 24 26 0.5 +0.5
IDNA iShares Genomics Immunology and Healthcare ETF 5.7 47 3 -0.3 -0.3
PJP Invesco Pharmaceuticals ETF 5.5 57 -7 6.4 +6.4
IHE iShares U.S. Pharmaceuticals ETF 5.3 40 10 4.4 +4.4
QQQS Invesco NASDAQ Future Gen 200 ETF 4.9 20 30 -3.4 -3.4
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 4.9 95 -45 -0.5 -0.5
VTWG Vanguard Russell 2000 Growth ETF 4.7 10 40 0.7 +0.7
HELX Franklin Genomic Advancements ETF 4.3 50 0 -1.3 -1.3
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 4.3 60 -10 -0.9 -0.9
IWM iShares Russell 2000 ETF 3.8 19 31 2.6 +2.6
RSSL Global X Russell 2000 ETF 3.8 8 42 2.7 +2.7
VTWO Vanguard Russell 2000 ETF 3.8 7 43 2.8 +2.8
PSCH Invesco S&P SmallCap Health Care ETF 3.7 29 21 2.1 +2.1
HAPS Harbor Human Capital Factor US Small Cap ETF 3.5 60 -10 3.2 +3.2
VFMO Vanguard U.S. Momentum Factor ETF 3.4 13 37 1.8 +1.8
FFTY Innovator IBD 50 ETF 3.4 80 -30 0.1 +0.1
BOUT Innovator IBD Breakout Opportunities ETF 3.4 81 -31 3.2 +3.2
PSIL AdvisorShares Psychedelics ETF 3.3 99 -49 -1.2 -1.2
ACSG American Century Small Cap Growth Insights ETF 3.2 49 1 4.9 +4.9
SPIT F/m Emerald Special Situations ETF 3.2 105 -55 -0.7 -0.7
OZEM Roundhill GLP-1 & Weight Loss ETF 2.8 59 -9 5.6 +5.6
GNOM Global X Genomics & Biotechnology ETF 2.6 50 0 -2.0 -2.0
NBDS Neuberger Berman Disrupters ETF 2.3 55 -5 0.8 +0.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 2.3 9 41 3.7 +3.7
OPTZ Optimize Strategy Index ETF 2.2 50 0 3.6 +3.6
FYX First Trust Small Cap Core AlphaDEX Fund 2.2 61 -11 5.2 +5.2
STXK Strive Small-Cap ETF 2.0 18 32 5.2 +5.2
FTXH First Trust Nasdaq Pharmaceuticals ETF 2.0 60 -10 6.2 +6.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 1.9 20 30 4.0 +4.0
JSML Janus Henderson Small Cap Growth Alpha ETF 1.9 30 20 2.8 +2.8
IWN iShares Russell 2000 Value ETF 1.9 24 26 4.6 +4.6
VTWV Vanguard Russell 2000 Value ETF 1.8 10 40 4.8 +4.8
FESM Fidelity Enhanced Small Cap ETF 1.8 28 22 2.2 +2.2
AGNG Global X Aging Population ETF 1.8 50 0 4.2 +4.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.8 39 11 2.2 +2.2
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 1.7 55 -5 3.4 +3.4
BKSE BNY Mellon US Small Cap Core Equity ETF 1.6 4 46 15.7 +15.7
MEDI Harbor Health Care ETF 1.6 80 -30 -1.3 -1.3
AVSC Avantis U.S Small Cap Equity ETF 1.6 25 25 4.5 +4.5
ISCG iShares Morningstar Small-Cap Growth ETF 1.6 6 44 2.8 +2.8
SMMD iShares Russell 2500 ETF 1.6 15 35 5.5 +5.5
ISCB iShares Morningstar Small-Cap ETF 1.5 4 46 5.4 +5.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 1.5 64 -14 1.4 +1.4
HRTS Tema Heart & Health ETF 1.5 75 -25 2.8 +2.8
VXF Vanguard Extended Market ETF 1.4 5 45 3.8 +3.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 1.4 17 33 4.9 +4.9
ARKG ARK Genomic Revolution ETF 1.4 75 -25 -1.0 -1.0
AFSM First Trust Active Factor Small Cap ETF 1.4 75 -25 5.6 +5.6
FBT First Trust NYSE Arca Biotechnology Index Fund 1.3 56 -6 2.1 +2.1
ASCE Allspring SMID Core ETF 1.3 38 12 3.1 +3.1
VHT Vanguard Health Care ETF 1.2 9 41 4.8 +4.8
GURU Global X Guru Index ETF 1.2 75 -25 2.4 +2.4
SFLO VictoryShares Small Cap Free Cash Flow ETF 1.2 49 1 6.9 +6.9
THNR Amplify Weight Loss Drug & Treatment ETF 1.2 59 -9 5.9 +5.9
DFAS Dimensional U.S. Small Cap ETF 1.2 26 24 5.5 +5.5
ISCV iShares Morningstar Small Cap Value ETF 1.1 6 44 7.6 +7.6
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.1 20 30 0.8 +0.8
SCHA Schwab U.S. Small-Cap ETF 1.1 4 46 4.4 +4.4
SMLF iShares U.S. SmallCap Equity Factor ETF 1.1 15 35 5.0 +5.0
FHLC Fidelity MSCI Health Care Index ETF 1.1 8 42 5.0 +5.0
NIXT Research Affiliates Deletions ETF 1.0 9 41 6.1 +6.1
ABLS Abacus FCF Small Cap Leaders ETF 1.0 59 -9 4.7 +4.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.0 35 15 3.2 +3.2
GRPZ Invesco S&P SmallCap 600 GARP ETF 0.9 35 15 5.9 +5.9
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.9 20 30 5.6 +5.6
JDOC JPMorgan Healthcare Leaders ETF 0.9 65 -15 3.4 +3.4
GDOC Goldman Sachs Future Health Care Equity ETF 0.9 75 -25 0.9 +0.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 15 5.9 +5.9
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.8 70 -20 2.2 +2.2
FPX First Trust US Equity Opportunities ETF 0.8 61 -11 0.9 +0.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.8 10 40 3.7 +3.7
IJT iShares S&P Small-Cap 600 Growth ETF 0.8 18 32 3.7 +3.7
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.8 15 35 3.8 +3.8
WSML iShares MSCI World Small-Cap ETF 0.8 15 35 5.4 +5.4
DBSC Deepwater Beachfront Small Cap ETF 0.8 85 -35 1.2 +1.2
XJR iShares ESG Screened S&P Small-Cap ETF 0.6 12 38 6.2 +6.2
ISMD Inspire Small/Mid Cap ETF 0.6 54 -4 5.0 +5.0
XSHQ Invesco S&P SmallCap Quality ETF 0.6 29 21 6.9 +6.9
BFOR ALPS Barron's 400 ETF 0.6 65 -15 21.8 +21.8
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.6 79 -29 4.2 +4.2
VIOO Vanguard S&P Small-Cap 600 ETF 0.6 7 43 6.2 +6.2
IJR iShares Core S&P Small Cap ETF 0.6 6 44 6.3 +6.3
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.6 59 -9 4.3 +4.3
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.6 3 47 6.4 +6.4
NUSC Nuveen ESG Small-Cap ETF 0.6 31 19 5.0 +5.0
WCEO Hypatia Women CEO ETF 0.6 85 -35 4.5 +4.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.5 39 11 3.6 +3.6
BMED Future Health ETF 0.5 85 -35 1.0 +1.0
ROSC Hartford Multifactor Small Cap ETF 0.5 34 16 7.0 +7.0
EES WisdomTree U.S. SmallCap Fund 0.5 38 12 7.7 +7.7
LRNZ TrueShares Technology, AI & Deep Learning ETF 0.5 69 -19 -0.8 -0.8
VAMO Cambria Value & Momentum ETF 0.5 61 -11 5.2 +5.2
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.5 43 7 5.1 +5.1
VBK Vanguard Small-Cap Growth ETF 0.5 7 43 1.3 +1.3
SAGP Strategas Global Policy Opportunities ETF 0.5 65 -15 4.8 +4.8
PSC Principal U.S. Small-Cap ETF 0.5 38 12 3.6 +3.6
PGJ Invesco Golden Dragon China ETF 0.4 70 -20 17.3 +17.3
TPSC Timothy Plan US Small Cap Core ETF 0.4 52 -2 6.7 +6.7
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 3.3 +3.3
FDG American Century Focused Dynamic Growth ETF 0.4 45 5 1.9 +1.9
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 -10 6.3 +6.3
SVAL iShares US Small Cap Value Factor ETF 0.4 20 30 6.9 +6.9
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.4 35 15 6.5 +6.5
JHSC John Hancock Multifactor Small Cap ETF 0.4 42 8 6.1 +6.1
FSMD Fidelity Small-Mid Multifactor ETF 0.4 15 35 6.6 +6.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.4 30 20 4.0 +4.0
CSA VictoryShares US Small Cap Volatility Wtd ETF 0.4 35 15 6.8 +6.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.3 47 3 7.4 +7.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.3 21 29 3.0 +3.0
IJS iShares S&P Small-Cap 600 Value ETF 0.3 18 32 8.8 +8.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 0.3 10 40 8.9 +8.9
XHS State Street SPDR S&P Health Care Services ETF 0.3 35 15 3.1 +3.1
SLYV State Street SPDR S&P 600 Small Cap Value ETF 0.3 15 35 8.9 +8.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.3 15 35 6.2 +6.2
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.3 40 10 3.7 +3.7
USVM VictoryShares US Small Mid Cap Value Momentum ETF 0.3 25 25 7.7 +7.7
ETHO Etho Climate Leadership U.S. ETF 0.3 47 3 4.1 +4.1
SQLV Royce Quant Small-Cap Quality Value ETF 0.3 60 -10 7.4 +7.4
VB Vanguard Small-Cap ETF 0.3 5 45 5.3 +5.3
AFMC First Trust Active Factor Mid Cap ETF 0.2 65 -15 7.0 +7.0
DFNV Donoghue Forlines Innovation ETF 0.2 69 -19 3.9 +3.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.2 39 11 7.2 +7.2
DFAC Dimensional U.S. Core Equity 2 ETF 0.2 17 33 4.7 +4.7
GWX SPDR S&P International Small Cap ETF 0.2 40 10 5.8 +5.8
FFF Founders 100 ETF 0.2 75 -25 2.4 +2.4
DCOR Dimensional US Core Equity 1 ETF 0.2 14 36 4.6 +4.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.2 25 25 4.9 +4.9
PINK Simplify Health Care ETF 0.2 50 0 0.8 +0.8
VFVA Vanguard U.S. Value Factor ETF 0.2 13 37 8.7 +8.7
TECB iShares U.S. Tech Breakthrough Multisector ETF 0.2 40 10 2.8 +2.8
MEDX Horizon Kinetics Medical ETF 0.2 85 -35 1.5 +1.5
VTI Vanguard Total Stock Market ETF 0.2 3 47 4.1 +4.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.2 3 47 4.1 +4.1
VTHR Vanguard Russell 3000 ETF 0.2 7 43 4.2 +4.2
AVIE Avantis  Inflation Focused Equity ETF 0.2 25 25 5.7 +5.7
DXUV Dimensional US Vector Equity ETF 0.2 28 22 5.1 +5.1
IWV iShares Russell 3000 ETF 0.1 20 30 4.0 +4.0
DFAU Dimensional US Core Equity Market ETF 0.1 12 38 4.3 +4.3
FBCG Fidelity Blue Chip Growth ETF 0.1 59 -9 2.3 +2.3
TEXN iShares Texas Equity ETF 0.1 20 30 5.0 +5.0
VBR Vanguard Small Cap Value ETF 0.1 7 43 7.8 +7.8
EZM WisdomTree U.S. MidCap Fund 0.1 38 12 8.1 +8.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 41 4.8 +4.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 21 6.4 +6.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.1 20 30 6.1 +6.1
ISCF iShares International SmallCap Equity Factor ETF 0.1 23 27 7.2 +7.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 47 4.2 +4.2
DFUS Dimensional U.S. Equity ETF 0.1 9 41 4.1 +4.1
SXQG ETC 6 Meridian Quality Growth ETF 0.1 100 -50 3.1 +3.1
DFSU Dimensional US Sustainability Core 1 ETF 0.1 18 32 4.7 +4.7
APIE ActivePassive International Equity ETF 0.1 45 5 6.4 +6.4
AVDS Avantis International Small Cap Equity ETF 0.1 30 20 5.9 +5.9
TXS Texas Capital Texas Equity Index ETF 0.1 49 1 4.8 +4.8
IHF iShares U.S. Healthcare Providers ETF 0.1 40 10 6.5 +6.5
VFQY Vanguard U.S. Quality Factor ETF 0.1 13 37 5.4 +5.4
FNDA Schwab Fundamental US Small Co. Index ETF 0.0 25 25 6.2 +6.2
FELV Fidelity Enhanced Large Cap Value ETF 0.0 18 32 5.3 +5.3
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.0 24 26 6.1 +6.1
AVSU Avantis Responsible U.S. Equity ETF 0.0 15 35 4.9 +4.9
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -15 6.7 +6.7
TMFX Motley Fool Next Index ETF 0.0 50 0 2.8 +2.8
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 41 4.2 +4.2
PKW Invesco Buyback Achievers ETF 0.0 62 -12 6.9 +6.9
DFUV Dimensional US Marketwide Value ETF 0.0 22 28 5.9 +5.9
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 47 4.4 +4.4
GXC SPDR S & P China ETF 0.0 59 -9 19.8 +19.8
VT Vanguard Total World Stock ETF 0.0 6 44 5.0 +5.0
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.0 49 1 5.9 +5.9
AVDE Avantis International Equity ETF 0.0 23 27 6.1 +6.1
FMDE Fidelity Enhanced Mid Cap ETF 0.0 23 27 5.3 +5.3
GGUS Marketbeta Russell 1000 Growth Equity ETF 0.0 12 38 3.7 +3.7
PRF Invesco FTSE RAFI US 1000 ETF 0.0 34 16 5.5 +5.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 47 5.8 +5.8
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.0 12 38 6.1 +6.1
EBI Longview Advantage ETF 0.0 35 15 5.8 +5.8
SPEM SPDR Portfolio Emerging Markets ETF 0.0 7 43 9.5 +9.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.0 38 12 7.0 +7.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.0 41 9 6.9 +6.9
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 38 4.0 +4.0
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 7.0 +7.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.0 30 20 6.3 +6.3
REVS Columbia Research Enhanced Value ETF 0.0 19 31 6.3 +6.3
FELG Fidelity Enhanced Large Cap Growth ETF 0.0 18 32 3.5 +3.5
RECS Columbia Research Enhanced Core ETF 0.0 15 35 5.3 +5.3
AVUS Avantis U.S. Equity ETF 0.0 15 35 4.7 +4.7
DFAT Dimensional U.S. Targeted Value ETF 0.0 28 22 8.4 +8.4
AVUQ Avantis U.S. Quality ETF 0.0 15 35 3.8 +3.8
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		 1.58
 
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.