SBIO
ALPS Medical Breakthroughs ETF
ALPS Medical Breakthroughs ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results that correspond generally to the performance of its underlying index, the Poliwogg Medical Breakthroughs Index (ticker symbol: PMBI).
US
EQUITY
Rules-Based
MANAGEMENT STYLE
50 bp
EXPENSES
$121.8 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | ALPS Advisors Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 30, 2014 |
| Assets (mns) | $122 |
| Expense ratio | 50 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KRYSTAL BIOTECH, INC. | 4.0 % |
| AVIDITY BIOSCIENCES INC | 3.0 % |
| ALKERMES PLC | 2.9 % |
| CRINETICS PHARMACEUTICALS INC | 2.9 % |
| MERUS N.V. | 2.5 % |
| CORCEPT THERAPEUTICS INC | 2.4 % |
| ARCELLX, INC. | 2.3 % |
| IDEAYA BIOSCIENCES, INC. | 2.1 % |
| AMICUS THERAPEUTICS INC | 2.1 % |
| DENALI THERAPEUTICS INC. | 2.1 % |
Constituent Breakdown
| Number of holdings | 91 |
| Herfindahl-Hirschman Index | 163 |
| Wgt avg mkt cap (mns) | $1,414 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 30.2% |
| Small cap (<$2bn) | 63.6% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.5% |
Country Exposure
 |
UNITED STATES | 72.3 % |
 |
IRELAND | 3.8 % |
 |
NETHERLANDS | 2.5 % |
 |
SWITZERLAND | 2.2 % |
 |
BRITAIN | 1.3 % |
 |
CHINA | 1.3 % |
 |
BELGIUM | 1.2 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.7% | 10.5% | 12.2% | -10.7% | -0.7% | -- | 4.1% | Volatility | 28.5% | 27.9% | 32.7% | 34.9% | 36.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.83 | 25% |
| MSCI EAFE | 0.80 | 22% |
| MSCI Emg Mkts | 0.70 | 17% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $4,047 |
Technical Indicators
| Recent close | $37.82 |
| 30d moving avg. | $34.90 |
| Annualized volatility | 29.8% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 1.3% |
| Short interest (underlying) | 9.6% |
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. SBIO |
Expenses vs. SBIO |
ALTAR Score™ vs. SBIO |
|---|---|---|---|---|
| BBC | Virtus LifeSci Biotech Clinical Trials ETF | 33.7% | +29 bp | +3.1% |
| XBI | SPDR S&P BIOTECH ETF | 19.6% | -15 bp | -0.3% |
| BTEC | Principal Healthcare Innovators ETF | 19.0% | -8 bp | -0.1% |
| CNCR | Range Cancer Therapeutics ETF | 16.0% | +29 bp | +3.1% |
| PTH | Invesco Dorsey Wright Healthcare Momentum ETF | 15.9% | +10 bp | +0.3% |
| PSCH | Invesco S&P SmallCap Health Care ETF | 14.6% | -21 bp | +8.2% |
| CANC | Tema Oncology ETF | 13.7% | +25 bp | -1.0% |
| BBP | Virtus LifeSci Biotech Products ETF | 13.0% | +29 bp | -0.8% |
| IBRN | iShares Neuroscience and Healthcare ETF | 12.8% | -3 bp | -1.5% |
Risk and Returns: SBIO 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
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
SBIO
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™
SBIO
-3.1%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -3.1% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SBIO's ALTAR Score™ is approximately
3.7 standard deviations
below
the category average. This places SBIO in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SBIO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SBIO (50 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SBIO | 50.0 | 34.6 | 84.6 |
| Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .