iShares MSCI USA Quality GARP ETF
ALTAR
Score™		 4.9% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 26.9x P/Sales
ratio		 4.4x
P/BV
ratio		 6.3x Div.
yield		 0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
GARP tracks an index composed of U.S. large- and mid-capitalization growth stocks exhibiting favorable value and quality characteristics.

FUND BASICS
Category US Equities
Fund Sponsor Blackrock Inc.
Website www.ishares.com
Inception date Jan 14, 2020
Assets (mns) $122
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 164
Wgt avg mkt cap (mns) $751,001
Large cap (>$10bn) 99.0%
Mid cap ($2-10bn) 0.8%
Small cap (<$2bn) 0.0%
Developed mkts 99.4%
Emerging mkts 0.6%

TOP TEN HOLDINGS
NVIDIA CORP 6.0 %
ADOBE SYSTEMS INC 5.7 %
APPLE INC 5.7 %
ELI LILLY & CO 5.4 %
BROADCOM INC. 4.7 %
MICROSOFT CORP 4.6 %
TESLA MOTORS INC 4.3 %
APPLIED MATERIALS INC 4.3 %
MASTERCARD INCORPORATED CLASS A 3.9 %
KLA CORPORATION 3.6 %
Total 48.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
IRELAND 2.0 %
SWITZERLAND 1.0 %
ARGENTINA 0.6 %
NETHERLANDS 0.4 %
BERMUDA 0.4 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

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

Technical Indicators
Recent close $48.92
30d moving avg. $51.12
Annualized volatility 0.0%
Short interest (ETF) 0.5%
Short interest (Underlying) 2.4%
Relative strength (RSI) 83

Liquidity measures
Avg. volume (thou.) 27
Turnover 1.1%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $142,730

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 34 potential alternatives to the iShares MSCI USA Quality GARP ETF ETF based on the alternatives' overlap in portfolio holdings with GARP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GARP Expense: 15 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GARP
Ticker Fund
Name		 Overlap1
vs GARP
(%)		 Expense
ratio
(bp)		 Savings
vs GARP
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs GARP
(%)
QYLD Global X NASDAQ 100 Covered Call ETF 48.2 60 -45 4.3 -0.6
QRMI Global X NASDAQ 100 Risk Managed Income ETF 48.2 60 -45 4.2 -0.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 48.1 60 -45 4.4 -0.6
NUSI Nationwide Nasdaq-100 Risk-Managed Income ETF 48.0 68 -53 4.2 -0.8
QTR Global X NASDAQ 100 Tail Risk ETF 48.0 26 -11 4.8 -0.2
QCLR Global X NASDAQ 100 Collar 95-110 ETF 47.9 25 -10 4.8 -0.2
QYLE Global X Nasdaq 100 ESG Covered Call ETF 46.5 60 -45 4.5 -0.5
XYLD Global X S&P 500 Covered Call ETF 44.3 60 -45 4.6 -0.3
XRMI Global X S&P 500 Risk Managed Income ETF 44.3 60 -45 4.6 -0.3
PBP Invesco S&P 500 BuyWrite ETF 44.3 49 -34 4.7 -0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 43.9 60 -45 4.7 -0.2
XTR Global X S&P 500 Tail Risk ETF 43.5 26 -11 5.2 +0.3
XCLR Global X S&P 500 Collar 95-110 ETF 43.5 25 -10 5.2 +0.3
SFLR Innovator Equity Managed Floor ETF 42.1 89 -74 4.2 -0.7
JEPQ J.P. Morgan Nasdaq Equity Premium Income ETF 41.1 35 -20 4.7 -0.3
FTQI First Trust Nasdaq BuyWrite Income ETF 40.1 75 -60 4.1 -0.8
MMLG First Trust Multi-Manager Large Growth ETF 39.8 85 -70 2.5 -2.5
XYLE Global X S&P 500 ESG Covered Call ETF 37.3 60 -45 4.9 +0.0
EFIV SPDR S&P 500 ESG ETF 37.0 10 5 5.4 +0.4
ACIO Aptus Collared Investment Opportunity ETF 36.9 79 -64 4.3 -0.6
FTHI First Trust BuyWrite Income ETF 35.9 75 -60 5.8 +0.8
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 30.1 58 -43 4.5 -0.5
TYLG Global X Information Technology Covered Call & Growth ETF 25.9 60 -45 4.9 -0.1
SIXH ETC 6 Meridian Hedged Equity Index Option ETF 20.2 82 -67 5.8 +0.9
THNQ ROBO Global Artificial Intelligence ETF 18.8 68 -53 1.8 -3.1
DJIA Global X Dow 30 Covered Call ETF 14.7 60 -45 5.2 +0.3
DYLG Global X Dow 30 Covered Call & Growth ETF 14.6 60 -45 5.3 +0.3
CCOR Core Alternative ETF 13.5 107 -92 4.6 -0.3
DIVO Amplify CWP Enhanced Dividend Income ETF 12.9 55 -40 5.7 +0.8
XVOL Acruence Active Hedge U.S. Equity ETF 10.9 83 -68 5.2 +0.3
LCG Sterling Capital Focus Equity ETF 10.6 59 -44 3.9 -1.1
HYLG Global X Health Care Covered Call & Growth ETF 8.4 60 -45 6.2 +1.2
FYLG Global X Financials Covered Call & Growth ETF 8.0 60 -45 5.3 +0.3
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF 2.8 75 -60 5.4 +0.5

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares MSCI USA Quality GARP 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 27.8 %
Divided by: Fwd. P/BV 5.5 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.57
 
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.