BBP
BioShares Biotechnology Products Fund
The BioShares Biotechnology Products Fund seeks investment results that correspond, before fees and expenses, to the price and yield performance of the LifeSci Biotechnology Products Index.
Fund Basics
| Fund sponsor | ETFis Capital LLC |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 16, 2014 |
| Assets (mns) | $15 |
| Expense ratio | 79 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BRIDGEBIO PHARMA, INC. | 3.3 % |
| REATA PHARMACEUTICALS, INC. CLASS A | 3.2 % |
| RHYTHM PHARMACEUTICALS, INC. | 2.7 % |
| INSMED INC | 2.6 % |
| NEUROCRINE BIOSCIENCES INC | 2.3 % |
| HALOZYME THERAPEUTICS INC | 2.3 % |
| AMGEN INC | 2.2 % |
| ROIVANT SCIENCES LTD. | 2.2 % |
| EXELIXIS INC | 2.2 % |
| MIRUM PHARMACEUTICALS, INC. | 2.2 % |
Constituent Breakdown
| Number of holdings | 55 |
| Herfindahl-Hirschman Index | 189 |
| Wgt avg mkt cap (mns) | $12,536 |
| Large cap (>$10bn) | 24.7% |
| Mid cap ($2-10bn) | 42.8% |
| Small cap (<$2bn) | 30.9% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 1.7% |
Country Exposure
 |
UNITED STATES | 82.3 % |
 |
BRITAIN | 3.9 % |
 |
CHINA | 3.6 % |
 |
DENMARK | 2.2 % |
 |
BERMUDA | 2.0 % |
 |
GERMANY | 1.9 % |
 |
CANADA | 1.7 % |
 |
CAYMAN ISLANDS | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 7.6% | 12.0% | 0.4% | 4.2% | 3.1% | -- | 8.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.42 | 17% |
| MSCI EAFE | 0.41 | 17% |
| MSCI Emg Mkts | 0.53 | 27% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $4,024 |
Technical Indicators
| Recent close | $50.41 |
| 30d moving avg. | $52.75 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 10.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. BBP |
Expenses vs. BBP |
ALTAR Score™ vs. BBP |
|---|---|---|---|---|
| XBI | SPDR S&P BIOTECH ETF | 38.8% | -44 bp | +3.0% |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 34.0% | -23 bp | +7.4% |
| IBB | iShares NASDAQ Biotechnology ETF | 31.8% | -34 bp | +5.6% |
| IBBQ | Invesco Nasdaq Biotechnology ETF | 31.2% | -60 bp | +6.2% |
| PBE | Invesco Dynamic Biotechnology & Genome ETF | 28.5% | -20 bp | +6.5% |
| BMED | BlackRock Future Health ETF | 22.9% | +6 bp | +6.9% |
| BBH | VanEck Biotech ETF | 22.3% | -44 bp | +10.1% |
| SBIO | ALPS Medical Breakthroughs ETF | 21.8% | -29 bp | +0.7% |
| BTEC | Principal Healthcare Innovators Index ETF | 21.7% | -37 bp | -0.3% |
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 21.6% | -19 bp | +14.7% |
Risk and Returns: BBP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/20/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
BBP
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
BBP
-4.9%
Cat. Avg
6.3%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -4.9% |
Recommendation
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 be less relevant.
Category Overview
There are 899 funds in the US Equities category, with an average ALTAR Score™
of 6.3% and a standard deviation of
3.1%. BBP's ALTAR Score™ is approximately
3.7 standard deviations
below
the category average. This places BBP in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
BBP
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BBP | 79.0 | 25.9 | 104.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .