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
68 bp
EXPENSES
$59.4 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Exchange Traded Concepts |
Category | Global |
Asset class | Equity |
Website | link... |
Inception date | Jun 24, 2019 |
Assets (mns) | $59 |
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
GUARDANT HEALTH, INC. | 2.6 % |
MODERNA, INC. | 2.6 % |
NATERA INC | 2.2 % |
PHILIPS ELECTRONICS NV | 2.2 % |
STAAR SURGICAL CO | 2.1 % |
BOSTON SCIENTIFIC CORP | 2.0 % |
VERTEX PHARMACEUTICALS INC | 2.0 % |
NOVOCURE LIMITED | 2.0 % |
INTUITIVE SURGICAL INC | 1.9 % |
DIASORIN SPA | 1.9 % |
Constituent Breakdown
Number of holdings | 71 |
Herfindahl-Hirschman Index | 157 |
Wgt avg mkt cap (mns) | $35,054 |
Large cap (>$10bn) | 53.6% |
Mid cap ($2-10bn) | 30.5% |
Small cap (<$2bn) | 14.2% |
Developed mkts. | 99.0% |
Emerging mkts. | 1.0% |
Country Exposure
UNITED STATES | 78.1 % | |
SWITZERLAND | 5.9 % | |
BRITAIN | 3.2 % | |
NETHERLANDS | 2.2 % | |
ITALY | 1.9 % | |
GERMANY | 1.6 % | |
LUXEMBOURG | 1.4 % | |
CHINA | 1.1 % | |
JAPAN | 0.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -4.5% | -11.0% | -3.8% | -17.8% | -- | -- | 1.3% | Volatility | 17.8% | 19.2% | 24.9% | 25.8% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.13 | 75% |
MSCI EAFE | 1.16 | 74% |
MSCI Emg Mkts | 0.86 | 42% |
Liquidity Measures
Avg. volume (000) | 9 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.14% |
ADV of underlying (mns) | $22,342 |
Technical Indicators
Recent close | $28.61 |
30d moving avg. | $27.63 |
Annualized volatility | 23.5% |
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 | 34.9% | +2 bp | +4.0% |
RSPH | Invesco S&P 500 Equal Weight Health Care ETF | 34.1% | -28 bp | +7.1% |
XHE | SPDR S&P Health Care Equipment ETF | 28.6% | -33 bp | +1.2% |
FXH | First Trust Health Care AlphaDEX Fund | 26.9% | -6 bp | +6.4% |
FMED | Fidelity Disruptive Medicine ETF | 26.7% | -18 bp | -0.5% |
HELX | Franklin Genomic Advancements ETF | 26.7% | -18 bp | -0.3% |
IYH | iShares U.S. Healthcare ETF | 25.7% | -28 bp | +5.6% |
VHT | Vanguard Health Care ETF | 25.1% | -58 bp | +5.0% |
FHLC | Fidelity MSCI Health Care Index ETF | 25.1% | -60 bp | +5.2% |
BMED | Future Health ETF | 23.9% | +17 bp | -0.6% |
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 7/25/2024
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
HTEC
0.3%
Cat. Avg
4.0%
Fund Category: Global
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 0.3% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
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%. HTEC's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places HTEC in the 22nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
HTEC
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 |
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. | 51.3 | 36.4 | 87.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .