BlackRock Future Tech ETF
ALTAR
Score™
0.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
115.8x P/Sales
ratio
7.9x
P/BV
ratio
11.7x Div.
yield
0.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BTEK is actively managed to invest in global equities involved in the technology sector.

FUND BASICS
Category Global Equities
Fund Sponsor Blackrock
Website www.blackrock.com
Inception date Sep 29, 2020
Assets (mns) $7
Currency USD
Expense ratio 88 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 106
Wgt avg mkt cap (mns) $20,463
Large cap (>$10bn) 51.8%
Mid cap ($2-10bn) 32.7%
Small cap (<$2bn) 6.3%
Developed mkts 77.5%
Emerging mkts 22.6%

TOP TEN HOLDINGS
XPENG, INC. ADR SPONSORED CLASS A 1.9 %
TESLA MOTORS INC 1.9 %
FARFETCH LIMITED CLASS A 1.8 %
ENPHASE ENERGY INC 1.7 %
SQUARE, INC. CLASS A 1.7 %
LIGHTSPEED POS, INC. 1.6 %
SAMSUNG SDI CO LTD 1.5 %
ALCHIP TECHNOLOGIES LTD. 1.5 %
MERCADOLIBRE INC 1.4 %
SNAP, INC. CLASS A 1.4 %
Total 16.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 48.9 %
CHINA 11.2 %
BRAZIL 6.1 %
JAPAN 5.0 %
BRITAIN 4.2 %
NETHERLANDS 3.7 %
SOUTH KOREA 3.6 %
TAIWAN 3.3 %
CANADA 2.1 %
FRANCE 1.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.9% -- -- -- 20.9%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $31.25
30d moving avg. $28.13
Annualized volatility 0.0%
Short interest (ETF) 6.9%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 3
Turnover 1.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $33,445

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the BlackRock Future Tech ETF ETF based on the alternatives' overlap in portfolio holdings with BTEK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BTEK Expense: 88 bp ALTAR Score™: 0.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BTEK
Ticker Fund
Name
Overlap1
vs BTEK
(%)
Expense
ratio
(bp)
Savings
vs BTEK
(bp)
ALTAR
Score™
(%)
ALTAR
vs BTEK
(%)
OGIG O'Shares Global Internet Giants ETF 26.3 48 40 0.7 +0.3
XITK SPDR FactSet Innovative Technology ETF 19.4 45 43 0.5 +0.0
FTC First Trust Large Cap Growth AlphaDEX Fund 18.5 61 27 2.4 +1.9
JKH iShares Morningstar Mid-Cap Growth ETF 18.4 30 58 1.9 +1.5
BUYZ Franklin Disruptive Commerce ETF 17.8 50 38 -0.2 -0.6
SLT Pacer Salt High TruBeta US Market ETF 17.8 60 28 3.1 +2.6
ARKW ARK Web x.0 ETF 17.7 76 12 -0.8 -1.2
FXL First Trust Technology AlphaDEX Fund 17.7 61 27 3.7 +3.2
QQQJ Invesco NASDAQ Next Gen 100 ETF 17.4 15 73 3.3 +2.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 16.9 65 23 2.5 +2.1
BOSS Global X Founder-Run Companies ETF 16.5 45 43 3.0 +2.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 16.3 75 13 4.0 +3.5
IWP iShares Russell Mid-Cap Growth ETF 14.9 24 64 2.8 +2.4
VOT Vanguard Mid-Cap Growth Index Fund 13.3 7 81 2.9 +2.4
THNQ ROBO Global Artificial Intelligence ETF 13.3 68 20 1.5 +1.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 13.0 86 2 2.6 +2.2
PLAT WisdomTree Modern Tech Platforms Fund 12.7 20 68 1.4 +1.0
IWFH iShares Virtual Work and Life Multisector ETF 12.7 47 41 0.8 +0.4
QQQN VictoryShares Nasdaq Next 50 ETF 12.4 18 70 2.9 +2.5
JHMT John Hancock Multifactor Technology ETF 12.2 40 48 4.4 +4.0
WCLD WisdomTree Cloud Computing Fund 12.1 45 43 7.8 +7.4
ENTR Entrepreneur 30 Fund 12.0 49 39 1.0 +0.6
EWEB Global X Emerging Markets Internet & E-commerce ETF 11.9 65 23 2.9 +2.5
FPX First Trust US IPO Index Fund 11.9 58 30 1.3 +0.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 11.6 66 22 2.0 +1.6
SKYY First Trust Cloud Computing ETF 11.5 60 28 2.0 +1.6
AIEQ AI Powered Equity ETF 11.3 87 1 1.9 +1.5
GENY Principal Millennials Index ETF 11.2 45 43 3.6 +3.2
DTEC ALPS Disruptive Technologies ETF 11.1 50 38 2.9 +2.5
PNQI Invesco NASDAQ Internet ETF 11.1 60 28 1.2 +0.8
GIGE SoFi Gig Economy ETF 10.9 59 29 -0.6 -1.0
WUGI Esoterica NextG Economy ETF 10.9 75 13 1.3 +0.9
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 10.8 75 13 2.4 +1.9
VXF Vanguard Extended Market Index Fund 10.5 6 82 2.9 +2.5
BFTR Future Innovators ETF 10.5 80 8 -0.1 -0.5
IGV iShares Expanded Tech-Software ETF 10.4 46 42 2.2 +1.8
FTXL First Trust Nasdaq Semiconductor ETF 10.4 60 28 3.9 +3.4
JMOM JPMorgan U.S. Momentum Factor ETF 10.4 12 76 3.2 +2.8
QGRO American Century STOXX U.S. Quality Growth ETF 10.3 29 59 3.1 +2.7
FDNI First Trust Dow Jones International Internet ETF 10.2 65 23 2.4 +2.0
ARKF ARK Fintech Innovation ETF 10.2 75 13 0.3 -0.1
FDMO Fidelity Momentum Factor ETF 10.2 29 59 3.2 +2.7
AIQ Global X Future Analytics Tech ETF 9.9 68 20 3.8 +3.4
PDP Invesco DWA Momentum ETF 9.8 62 26 2.0 +1.5
PTF Invesco DWA Technology Momentum ETF 9.8 60 28 -0.8 -1.2
XSW SPDR S&P Software & Services ETF 9.7 35 53 4.1 +3.7
ARKK ARK Innovation ETF 9.7 75 13 -2.2 -2.6
XT iShares Exponential Technologies ETF 9.7 47 41 4.7 +4.2
BICK First Trust BICK Index Fund 9.6 64 24 4.3 +3.9
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 9.5 99 -11 1.5 +1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 9.3 4 84 4.9 +4.4
PSI Invesco Dynamic Semiconductors ETF 9.3 57 31 4.1 +3.7
ALFA AlphaClone Alternative Alpha ETF 9.1 65 23 -0.5 -0.9
KOMP SPDR Kensho New Economies Composite ETF 9.1 20 68 2.2 +1.7
SOXX iShares PHLX Semiconductor ETF 9.1 46 42 4.9 +4.5
VBK Vanguard Small-Cap Growth Index Fund 9.1 7 81 2.0 +1.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 9.0 34 54 4.4 +4.0
SFYX Sofi Next 500 ETF 8.6 0 88 5.4 +4.9
FEX First Trust Large Cap Core AlphaDEX Fund 8.6 60 28 5.0 +4.6
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 8.5 7 81 4.7 +4.3
XSD SPDR S&P Semiconductor ETF 8.4 35 53 3.5 +3.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 8.4 49 39 1.1 +0.7
FPXI First Trust International Equity Opportunities ETF 8.1 70 18 3.3 +2.8
VO Vanguard Mid-Cap Index Fund 8.0 4 84 4.8 +4.4
VFMO Vanguard U.S. Momentum Factor ETF 7.9 13 75 0.3 -0.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 7.6 70 18 1.8 +1.4
JKK iShares Morningstar Small-Cap Growth ETF 7.4 30 58 0.9 +0.5
IRBO iShares Robotics & Artificial Intelligence ETF 7.4 47 41 2.4 +2.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 7.3 49 39 4.7 +4.3
IPAY ETFMG Prime Mobile Payments ETF 7.2 75 13 6.4 +5.9
FDG American Century Focused Dynamic Growth ETF 7.2 45 43 1.5 +1.1
IQM Franklin Intelligent Machines ETF 7.2 50 38 1.6 +1.2
EKAR Innovation Shares NextGen Vehicles & Technology ETF 7.2 95 -7 5.9 +5.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.1 60 28 4.6 +4.2
QTUM Defiance Quantum ETF 7.0 40 48 4.9 +4.5
IPO Renaissance IPO ETF 7.0 60 28 1.3 +0.9
NUMG Nuveen ESG Mid-Cap Growth ETF 6.9 40 48 2.0 +1.6
GAMR ETFMG Video Game Tech ETF 6.8 75 13 2.3 +1.9
IWR iShares Russell Midcap ETF 6.8 19 69 5.0 +4.6
TUSA First Trust Total US Market AlphaDEX ETF 6.8 70 18 5.2 +4.8
IDRV iShares Self-driving EV & Tech ETF 6.7 47 41 5.5 +5.1
PSJ Invesco Dynamic Software ETF 6.6 56 32 11.1 +10.7
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 6.5 70 18 3.1 +2.6
JIG JPMorgan International Growth ETF 6.5 55 33 2.9 +2.5
SOCL Global X Social Media ETF 6.5 65 23 2.1 +1.7
IFLY ETFMG Drone Economy Strategy ETF 6.4 68 20 2.3 +1.9
IBUY Amplify Online Retail ETF 6.4 65 23 -1.1 -1.5
LRNZ TrueMark Technology, AI & Deep Learning ETF 6.3 68 20 0.1 -0.3
XBUY Amplify International Online Retail ETF 6.2 69 19 0.5 +0.1
WFH Direxion Work From Home ETF 6.2 45 43 5.2 +4.8
ECOZ TrueMark ESG Active Opportunities ETF 6.1 58 30 3.3 +2.9
CCON Direxion Connected Consumer ETF 6.1 45 43 1.4 +1.0
TPAY Tortoise Digital Payments Infrastructure Fund 6.1 40 48 5.3 +4.8
RBUS Nationwide Risk-Based U.S. Equity ETF 6.0 30 58 4.7 +4.3
FINX Global X FinTech Thematic ETF 6.0 68 20 3.0 +2.6
IGM iShares Expanded Tech Sector ETF 6.0 46 42 3.6 +3.2
NULG Nuveen ESG Large-Cap Growth ETF 5.9 35 53 3.6 +3.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
BlackRock Future Tech ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.4 %
Divided by: Fwd. P/BV 10.3 x
Less: Expense ratio 88 bp
Equals: ALTAR Score 0.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.