GERM
ETFMG Treatments Testing and Advancements ETF
GERM tracks a tier-weighted, narrow index of US-listed global biotech companies that are engaged in the testing and treatments of infectious diseases.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
9.6 M
ASSETS UNDER MGMT
68 bp
EXPENSES
Fund Basics
| Fund sponsor | ETFMG |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 17, 2020 |
| Assets (mns) | $10 |
| Expense ratio | 68 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALNYLAM PHARMACEUTICALS INC | 11.1 % |
| LABCORP HOLDINGS | 7.1 % |
| QUEST DIAGNOSTICS | 6.5 % |
| BIONTECH SE SPONSORED ADR | 5.3 % |
| VAXCYTE, INC. | 4.4 % |
| BIO-RAD LABORATORIES-CL A | 4.4 % |
| QUIDEL CORP | 4.3 % |
| ZAI LAB LTD. UNSPONSORED ADR | 3.8 % |
| BIOCRYST PHARMACEUTICALS INC | 3.8 % |
| DYNAVAX TECHNOLOGIES CORP | 3.4 % |
Constituent Breakdown
| Number of holdings | 57 |
| Herfindahl-Hirschman Index | 422 |
| Wgt avg mkt cap (mns) | $38,634 |
| Large cap (>$10bn) | 44.8% |
| Mid cap ($2-10bn) | 9.0% |
| Small cap (<$2bn) | 46.3% |
| Developed mkts. | 95.8% |
| Emerging mkts. | 4.2% |
Country Exposure
 |
UNITED STATES | 79.7 % |
 |
GERMANY | 7.2 % |
 |
BRITAIN | 5.2 % |
 |
CHINA | 3.8 % |
 |
CANADA | 1.7 % |
 |
FRANCE | 1.0 % |
 |
JAPAN | 0.9 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -2.5% | -0.7% | -9.0% | -23.8% | -- | -- | -8.5% | Volatility | 22.7% | 22.0% | 27.1% | 30.1% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 43% |
| MSCI EAFE | 0.96 | 41% |
| MSCI Emg Mkts | 0.74 | 24% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.73% |
| ADV of underlying (mns) | $8,036 |
Technical Indicators
| Recent close | $19.16 |
| 30d moving avg. | $19.14 |
| Annualized volatility | 26.3% |
| 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. GERM |
Expenses vs. GERM |
ALTAR Score™ vs. GERM |
|---|
Risk and Returns: GERM 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 9/12/2024
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
GERM
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
ALTAR Score™
GERM
0.0%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.7%. GERM's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places GERM in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GERMSELL
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 |
| GERM (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) |
|
|---|---|---|---|
| GERM | 68.0 | 73.0 | 141 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .