HTEC
ROBO Global Healthcare Technology and Innovation ETF
The ROBO Global Healthcare Technology and Innovation ETF tracks a market-cap selected and weighted index of global healthcare technology companies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
55.4 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | Exchange Traded Concepts |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 24, 2019 |
| Assets (mns) | $55 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| AXOGEN, INC. | 2.3 % |
| GUARDANT HEALTH, INC. | 2.0 % |
| ARROWHEAD PHARMACEUTICALS, INC. | 1.9 % |
| CHARLES RIVER LABORATORIES | 1.9 % |
| INTUITIVE SURGICAL INC | 1.8 % |
| THERMO FISHER SCIENTIFIC INC | 1.8 % |
| LONZA GROUP AG-REG | 1.8 % |
| VERTEX PHARMACEUTICALS INC | 1.8 % |
| DANAHER CORP | 1.8 % |
| ILLUMINA INC | 1.8 % |
Constituent Breakdown
| Number of holdings | 73 |
| Herfindahl-Hirschman Index | 154 |
| Wgt avg mkt cap (mns) | $36,599 |
| Large cap (>$10bn) | 67.4% |
| Mid cap ($2-10bn) | 19.1% |
| Small cap (<$2bn) | 12.2% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.5% |
Country Exposure
 |
UNITED STATES | 78.8 % |
 |
SWITZERLAND | 6.6 % |
 |
NETHERLANDS | 3.0 % |
 |
BRITAIN | 2.6 % |
 |
JAPAN | 2.4 % |
 |
ITALY | 1.8 % |
 |
GERMANY | 1.6 % |
 |
LUXEMBOURG | 1.4 % |
 |
CHINA | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.2% | 15.6% | 3.9% | -13.8% | 4.5% | -- | 2.9% | Volatility | 17.8% | 19.2% | 24.9% | 25.8% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 72% |
| MSCI EAFE | 1.16 | 73% |
| MSCI Emg Mkts | 0.90 | 42% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $10,103 |
Technical Indicators
| Recent close | $28.43 |
| 30d moving avg. | $29.08 |
| Annualized volatility | 24.0% |
| Relative strength (RSI) | 54 |
| 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. HTEC |
Expenses vs. HTEC |
ALTAR Score™ vs. HTEC |
|---|---|---|---|---|
| MDEV | First Trust Indxx Medical Devices ETF | 33.9% | +2 bp | +4.2% |
| RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 33.6% | -28 bp | +7.9% |
| XHE | SPDR S&P Health Care Equipment ETF | 28.2% | -33 bp | +2.0% |
| HELX | Franklin Genomic Advancements ETF | 28.1% | -18 bp | +0.4% |
| FXH | First Trust Health Care AlphaDEX Fund | 25.4% | -6 bp | +7.2% |
| IYH | iShares U.S. Healthcare ETF | 24.9% | -28 bp | +6.3% |
| BMED | Future Health ETF | 24.7% | +17 bp | -0.2% |
| FHLC | Fidelity MSCI Health Care Index ETF | 24.4% | -60 bp | +5.8% |
| FMED | Fidelity Disruptive Medicine ETF | 24.3% | -18 bp | -0.3% |
| VHT | Vanguard Health Care ETF | 24.3% | -58 bp | +5.5% |
Risk and Returns: HTEC 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 10/23/2024
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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
HTEC
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™
HTEC
-0.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. HTEC's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places HTEC in the 18th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HTECSELL
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 |
| HTEC (68 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HTEC | 68.0 | 13.8 | 81.8 |
| Peer Avg. | 52.1 | 34.6 | 86.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .