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
9.3 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) | $505,745 |
| Large cap (>$10bn) | 82.9% |
| Mid cap ($2-10bn) | 14.5% |
| Small cap (<$2bn) | 2.6% |
| Developed mkts. | 97.4% |
| Emerging mkts. | 2.6% |
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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.2% | 22.3% | 13.2% | 4.9% | -- | -- | 8.1% | Volatility | 11.0% | 10.8% | 11.6% | 14.2% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 70% |
| MSCI EAFE | 0.71 | 79% |
| MSCI Emg Mkts | 0.51 | 39% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.31% |
| ADV of underlying (mns) | $41,979 |
Technical Indicators
| Recent close | $30.97 |
| 30d moving avg. | $32.60 |
| Annualized volatility | 14.2% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.2% |
| 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 | 40.8% | -3 bp | +1.6% |
| IYH | iShares U.S. Healthcare ETF | 34.3% | -5 bp | +1.7% |
| XLV | Health Care Select Sector SPDR Fund | 34.0% | -36 bp | +2.5% |
| VHT | Vanguard Health Care ETF | 32.2% | -35 bp | +0.8% |
| FHLC | Fidelity MSCI Health Care Index ETF | 32.2% | -37 bp | +1.1% |
| QLTY | GMO U.S. Quality ETF | 27.7% | +5 bp | -0.5% |
| PJP | Invesco Pharmaceuticals ETF | 23.2% | +12 bp | +5.4% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 21.7% | -31 bp | +1.1% |
| GDOC | Goldman Sachs Future Health Care Equity ETF | 21.2% | +30 bp | -1.3% |
| HRTS | Tema GLP-1 Obesity & Cardiometabolic ETF | 21.1% | +30 bp | -6.6% |
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 11/15/2024
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
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
5.0%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. HART's ALTAR Score™ is approximately
0.2 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. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .