HART
IQ Healthy Hearts ETF
HART tracks a market-cap-weighted index composed of global stocks with favorable health-related ESG ratings.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
45 bp
EXPENSES
$8.6 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | New York Life |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 14, 2021 |
| Assets (mns) | $9 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ASTRAZENECA PLC | 6.1 % |
| ALPHABET INC. CLASS A | 6.0 % |
| APPLE INC | 5.7 % |
| NOVO NORDISK A/S-B | 5.6 % |
| ELI LILLY & CO | 5.6 % |
| NOVARTIS AG | 5.0 % |
| PFIZER INC | 4.9 % |
| UNITEDHEALTH GROUP INC | 4.6 % |
| JOHNSON & JOHNSON | 4.4 % |
| ABBOTT LABORATORIES | 4.2 % |
Constituent Breakdown
| Number of holdings | 81 |
| Herfindahl-Hirschman Index | 342 |
| Wgt avg mkt cap (mns) | $541,191 |
| Large cap (>$10bn) | 85.7% |
| Mid cap ($2-10bn) | 11.9% |
| Small cap (<$2bn) | 2.4% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 2.9% |
Country Exposure
 |
UNITED STATES | 62.5 % |
 |
BRITAIN | 7.5 % |
 |
SWITZERLAND | 6.3 % |
 |
DENMARK | 5.6 % |
 |
IRELAND | 2.8 % |
 |
FRANCE | 2.7 % |
 |
GERMANY | 2.6 % |
 |
JAPAN | 2.2 % |
 |
CANADA | 1.0 % |
 |
TAIWAN | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.5% | 10.1% | 9.9% | 5.2% | -- | -- | 7.8% | Volatility | 9.3% | 10.1% | 13.5% | 13.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 76% |
| MSCI EAFE | 0.72 | 77% |
| MSCI Emg Mkts | 0.50 | 37% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $57,603 |
Technical Indicators
| Recent close | $31.28 |
| 30d moving avg. | $31.15 |
| Annualized volatility | 14.3% |
| Relative strength (RSI) | 63 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HART |
Expenses vs. HART |
ALTAR Score™ vs. HART |
|---|---|---|---|---|
| IXJ | iShares Global Healthcare ETF | 40.2% | -3 bp | +0.6% |
| IYH | iShares U.S. Healthcare ETF | 32.1% | -5 bp | +0.7% |
| XLV | Health Care Select Sector SPDR Fund | 31.8% | -36 bp | +1.6% |
| FHLC | Fidelity MSCI Health Care Index ETF | 31.0% | -37 bp | +0.3% |
| VHT | Vanguard Health Care ETF | 30.8% | -35 bp | +0.1% |
| QLTY | GMO U.S. Quality ETF | 27.7% | +5 bp | -0.9% |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 21.4% | +10 bp | -0.5% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 21.4% | -31 bp | +0.8% |
| GDOC | Goldman Sachs Future Health Care Equity ETF | 21.3% | +30 bp | -1.9% |
| QUAL | iShares MSCI USA Quality Factor ETF | 19.8% | -30 bp | +0.0% |
Risk and Returns: HART 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 7/25/2024
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
HART
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
HART
5.2%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. HART's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places HART in the 60th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
HART
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| HART (45 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HART | 45.0 | 30.9 | 75.9 |
| Peer Avg. | 56.7 | 40.3 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .