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
9.0 M
ASSETS UNDER MGMT
45 bp
EXPENSES
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
UNITEDHEALTH GROUP INC | 5.7 % |
APPLE INC | 5.6 % |
JOHNSON & JOHNSON | 5.4 % |
PFIZER INC | 5.3 % |
NOVARTIS AG | 5.3 % |
ABBOTT LABORATORIES | 5.1 % |
ASTRAZENECA PLC | 5.0 % |
ELI LILLY & CO | 4.8 % |
ALPHABET INC. CLASS A | 4.8 % |
NOVO NORDISK A/S-B | 4.6 % |
Constituent Breakdown
Number of holdings | 84 |
Herfindahl-Hirschman Index | 331 |
Wgt avg mkt cap (mns) | $510,878 |
Large cap (>$10bn) | 82.8% |
Mid cap ($2-10bn) | 14.0% |
Small cap (<$2bn) | 3.1% |
Developed mkts. | 97.2% |
Emerging mkts. | 2.8% |
Country Exposure
UNITED STATES | 64.0 % | |
SWITZERLAND | 6.4 % | |
BRITAIN | 6.4 % | |
DENMARK | 5.3 % | |
FRANCE | 3.0 % | |
IRELAND | 2.7 % | |
GERMANY | 2.5 % | |
JAPAN | 2.0 % | |
CANADA | 1.1 % | |
NETHERLANDS | 1.0 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 15.7% | 23.9% | 19.1% | 8.1% | -- | -- | 9.5% | Volatility | 9.3% | 10.1% | 13.5% | 13.8% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.69 | 73% |
MSCI EAFE | 0.72 | 78% |
MSCI Emg Mkts | 0.53 | 41% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.31% |
ADV of underlying (mns) | $29,159 |
Technical Indicators
Recent close | $32.61 |
30d moving avg. | $32.97 |
Annualized volatility | 14.4% |
Relative strength (RSI) | 63 |
Short interest (ETF) | 0.1% |
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. HART |
Expenses vs. HART |
ALTAR Score™ vs. HART |
---|---|---|---|---|
IXJ | iShares Global Healthcare ETF | 41.0% | -3 bp | +1.3% |
IYH | iShares U.S. Healthcare ETF | 33.8% | -5 bp | +1.4% |
XLV | Health Care Select Sector SPDR Fund | 33.6% | -36 bp | +2.2% |
FHLC | Fidelity MSCI Health Care Index ETF | 32.2% | -37 bp | +0.9% |
VHT | Vanguard Health Care ETF | 32.0% | -35 bp | +0.6% |
QLTY | GMO U.S. Quality ETF | 27.7% | +5 bp | -0.4% |
PJP | Invesco Pharmaceuticals ETF | 23.7% | +12 bp | +5.2% |
LRND | IQ U.S. Large Cap R&D Leaders ETF | 21.7% | -31 bp | +1.3% |
GDOC | Goldman Sachs Future Health Care Equity ETF | 21.2% | +30 bp | -1.3% |
ZECP | Zacks Earnings Consistent Portfolio ETF | 20.5% | +10 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.
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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 10/4/2024
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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
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.
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ETF Research Center Rating
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.
ALTAR Score™
HART
4.7%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 362 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. HART's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places HART in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HARTSELL
U/W
HOLD
O/W
BUY
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. | 56.5 | 39.6 | 96.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .