GERM
ETFMG Treatments Testing and Advancements ETF
GERM tracks a tier-weighted, narrow index of US-listed global biotech companies that are engaged in the testing and treatments of infectious diseases.
Fund Basics
| Fund sponsor | ETFMG |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 17, 2020 |
| Assets (mns) | $10 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MODERNA, INC. | 6.8 % |
| QUEST DIAGNOSTICS | 6.4 % |
| BIONTECH SE SPONSORED ADR | 6.2 % |
| ALNYLAM PHARMACEUTICALS INC | 6.2 % |
| LABORATORY CRP OF AMER HLDGS | 6.0 % |
| IMMUNITYBIO INC | 4.9 % |
| BIO-RAD LABORATORIES-CL A | 4.1 % |
| IMMUNOCORE HOLDINGS PLC SPONSORED ADR | 3.8 % |
| QUIDEL CORP | 3.8 % |
| DYNAVAX TECHNOLOGIES CORP | 3.8 % |
Constituent Breakdown
| Number of holdings | 54 |
| Herfindahl-Hirschman Index | 368 |
| Wgt avg mkt cap (mns) | $31,998 |
| Large cap (>$10bn) | 42.1% |
| Mid cap ($2-10bn) | 16.8% |
| Small cap (<$2bn) | 41.2% |
| Developed mkts. | 96.9% |
| Emerging mkts. | 3.1% |
Country Exposure
 |
UNITED STATES | 79.7 % |
 |
GERMANY | 8.1 % |
 |
BRITAIN | 5.6 % |
 |
CHINA | 3.0 % |
 |
CANADA | 1.3 % |
 |
FRANCE | 0.8 % |
 |
JAPAN | 0.8 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -5.6% | -8.7% | -17.0% | -18.9% | -- | -- | -10.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 45% |
| MSCI EAFE | 0.92 | 36% |
| MSCI Emg Mkts | 0.71 | 23% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $8,949 |
Technical Indicators
| Recent close | $16.64 |
| 30d moving avg. | $17.51 |
| Annualized volatility | 26.1% |
| Relative strength (RSI) | 68 |
| Short interest (ETF) | 0.0% |
| 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. GERM |
Expenses vs. GERM |
ALTAR Score™ vs. GERM |
|---|---|---|---|---|
| IDNA | iShares Genomics Immunology and Healthcare ETF | 17.7% | -21 bp | +1.4% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 13.0% | -28 bp | +13.9% |
| GNOM | Global X Genomics & Biotechnology ETF | 13.0% | -18 bp | +1.2% |
| IBBQ | Invesco Nasdaq Biotechnology ETF | 12.9% | -49 bp | +7.4% |
| WDNA | WisdomTree BioRevolution Fund | 11.9% | -23 bp | +2.0% |
| BBP | Virtus LifeSci Biotech Products ETF | 11.4% | +11 bp | +1.7% |
| BBH | VanEck Biotech ETF | 11.2% | -33 bp | +11.7% |
| XBI | SPDR S&P BIOTECH ETF | 11.1% | -33 bp | +5.1% |
| IBB | iShares Biotechnology ETF | 10.8% | -23 bp | +7.4% |
| FBT | First Trust NYSE Arca Biotechnology Index Fund | 10.5% | -12 bp | +6.6% |
Risk and Returns: GERM 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 4/22/2024
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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
GERM
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™
GERM
-6.5%
Cat. Avg
3.8%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -6.5% |
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 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.8% and a standard deviation of
4.9%. GERM's ALTAR Score™ is approximately
2.1 standard deviations
below
the category average. This places GERM in the 2nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
GERM
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) |
|
|---|---|---|---|
| GERM | 68.0 | 0.0 | 68 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .