BMED
Future Health ETF
BMED is actively managed to invest in global equities in the health sciences industry.
Global
EQUITY
Active
MANAGEMENT STYLE
2.9 M
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 29, 2020 |
| Assets (mns) | $3 |
| Expense ratio | 85 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| BOSTON SCIENTIFIC CORP | 4.9 % |
| INTUITIVE SURGICAL INC | 4.9 % |
| GILEAD SCIENCES INC | 3.7 % |
| ROCHE HOLDING AG-BR | 3.4 % |
| ARGENX SE ADR | 3.3 % |
| ABBVIE INC | 3.1 % |
| LONZA GROUP AG-REG | 2.8 % |
| ABBOTT LABORATORIES | 2.7 % |
| MEDTRONIC PLC | 2.3 % |
| UCB SA | 2.2 % |
Constituent Breakdown
| Number of holdings | 115 |
| Herfindahl-Hirschman Index | 184 |
| Wgt avg mkt cap (mns) | $65,465 |
| Large cap (>$10bn) | 70.1% |
| Mid cap ($2-10bn) | 21.5% |
| Small cap (<$2bn) | 4.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 67.9 % |
 |
SWITZERLAND | 7.5 % |
 |
NETHERLANDS | 5.0 % |
 |
IRELAND | 3.2 % |
 |
BELGIUM | 2.2 % |
 |
DENMARK | 1.8 % |
 |
GERMANY | 1.6 % |
 |
CHINA | 1.4 % |
 |
BRITAIN | 1.2 % |
 |
FRANCE | 0.9 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.4% | -0.5% | 0.0% | 1.7% | -- | -- | -- | -1.1% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | -- | -- | -- | 0.0% |
| Total Returns | -2.4% | -0.5% | 0.0% | 1.7% | -- | -- | -- | -1.1% | Ann. Volatility | 23.5% | 17.9% | 15.9% | 17.8% | -- | -- | -- | 18.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.81 | 69% |
| MSCI EAFE | 0.73 | 59% |
| MSCI Emg Mkts | 0.50 | 28% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.41% |
| ADV of underlying (mns) | $10,992 |
Technical Indicators
| Recent close | $24.29 |
| 30d moving avg. | $23.61 |
| Annualized volatility | 16.2% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 0.0% |
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. BMED |
Expenses vs. BMED |
ALTAR Score™ vs. BMED |
|---|---|---|---|---|
| IYH | iShares U.S. Healthcare ETF | 33.4% | -45 bp | +6.1% |
| FHLC | Fidelity MSCI Health Care Index ETF | 33.3% | -77 bp | +5.6% |
| FMED | Fidelity Disruptive Medicine ETF | 33.1% | -35 bp | -1.7% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 32.9% | -45 bp | +7.1% |
| VHT | Vanguard Health Care ETF | 32.8% | -75 bp | +5.4% |
| IBB | iShares Biotechnology ETF | 31.5% | -40 bp | +0.1% |
| XLV | Health Care Select Sector SPDR Fund | 31.3% | -77 bp | +6.7% |
| HTEC | ROBO Global Healthcare Technology and Innovation ETF | 31.1% | -17 bp | +1.8% |
| AGNG | Global X Aging Population ETF | 30.5% | -35 bp | +4.2% |
| GDOC | Goldman Sachs Future Health Care Equity ETF | 30.5% | -10 bp | +2.2% |
Risk and Returns: BMED 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
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
BMED
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 Rating
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.
ALTAR Score™
BMED
0.5%
Cat. Avg
5.2%
ALTAR Score™ Calculation
Category Overview
There are 360 funds in the Global Equity category, with an average ALTAR Score™
of 5.2% and a standard deviation of
3.5%. BMED's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places BMED in the 9th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BMEDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| BMED (85 bp) Percentile rank | 68 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BMED | 85.0 | 40.8 | 125.8 |
| Peer Avg. | 63.4 | 26.1 | 89.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .