BBH vs. MEDX ETF Comparison

Comparison of Market Vectors Biotech ETF (BBH) to Horizon Kinetics Medical ETF (MEDX)

BBH

Market Vectors Biotech ETF

BBH Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors US Listed Biotech 25 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Biotech Index is comprised of common stocks and depositary receipts of U.S. exchange-listed companies in the biotechnology industry. Such companies may include small- and medium-capitalization companies and foreign companies that are listed on a U.S. exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$164.19

Average Daily Volume

7,683

Number of Holdings ^*

25

* may have additional holdings in another (foreign) market

MEDX

Horizon Kinetics Medical ETF

MEDX Description

The fund is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.38

Average Daily Volume

885

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BBH	MEDX
30 Days	-1.51%	-3.34%
60 Days	-3.16%	-7.39%
90 Days	-2.90%	-1.41%
12 Months	1.57%	-8.94%

2 Overlapping Holdings

	Symbol	Grade	Weight in BBH	Weight in MEDX	Overlap
	AMGN	B	15.08%	5.38%	5.38%
	CRSP	D	0.93%	4.06%	0.93%

BBH Overweight 23 Positions Relative to MEDX

	Symbol	Grade	Weight
	VRTX	C	9.64%
	GILD	F	7.81%
	REGN	C	7.72%
	MRNA	A	5.74%
	IQV	D	4.93%
	ARGX	C	4.45%
	ICLR	D	4.29%
	ILMN	D	4.28%
	BIIB	D	4.17%
	BMRN	F	3.1%
	NBIX	A	2.87%
	BGNE	D	2.87%
	CRL	D	2.6%
	NTRA	A	2.35%
	SRPT	B	2.32%
	BNTX	C	2.22%
	EXAS	F	2.12%
	TECH	B	2.09%
	QGEN	B	2.01%
	ALNY	D	1.94%
	RGEN	D	1.81%
	INCY	D	1.76%
	CYTK	D	0.9%

BBH Underweight 8 Positions Relative to MEDX

	Symbol	Grade	Weight
	LLY	C	-14.73%
	ABBV	D	-7.88%
	BMY	F	-5.43%
	NVS	A	-5.23%
	JNJ	D	-5.14%
	MRK	B	-5.0%
	AZN	A	-4.77%
	PFE	C	-4.05%

BBH: Top Represented Industries & Keywords

Industries: Biotechnology Diagnostics & Research Drug Manufacturers - Major

Keywords: Biotechnology S&P 500 Biopharmaceutical Medicine Life Sciences Nasdaq 100 Biology Clinical Development Cancer Inflammation Lab Testing Monoclonal Antibody Acid Clinical Research Immunology In Vitro Monoclonal Antibodies Autoimmune Disease Cardiovascular Disease Chemical Compounds

MEDX: Top Represented Industries & Keywords

Industries: Drug Manufacturers - Major Biotechnology

Keywords: S&P 500 Pharmaceutical Products Depressive Disorder Neuroscience Animal Health Hypertension Antibiotics Clinic Diabetes Dow Jones Component Drugs Infection Infectious Diseases Inflammation Major Depressive Disorder Medication Obesity Ophthalmology Primary Care Schizophrenia