iShares U.S. Regional Banks ETF
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
2.5x
P/BV
ratio
0.9x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Dow Jones US Regional Banks Index Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones US Select Regional Banks Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 01, 2006
Assets (mns) $253
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 54
Wgt avg mkt cap (mns) $22,702
Large cap (>$10bn) 65.2%
Mid cap ($2-10bn) 30.2%
Small cap (<$2bn) 4.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BB&T CORP 14.0 %
US BANCORP 13.3 %
PNC FINANCIAL SERVICES GROUP 11.8 %
FIRST REPUBLIC BANK/CA 5.4 %
FIFTH THIRD BANCORP 4.2 %
SVB FINANCIAL GROUP 3.5 %
KEYCORP 3.2 %
M & T BANK CORP 3.2 %
REGIONS FINANCIAL CORP 3.1 %
CITIZENS FINANCIAL GROUP, INC. 2.9 %
Total 64.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
PUERTO RICO 0.8 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-33.9% -27.1% 1.8% 6.4% -0.4%

Market Correlations
versus... Beta R-squared
S&P500 1.44 77%
MSCI EAFE 1.55 74%
MSCI Emg. Mkts. 1.14 64%

Technical Indicators
Recent close $37.52
30d moving avg. $34.40
Annualized volatility 29.0%
Short interest (ETF) 1.2%
Short interest (Underlying) 3.4%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 161
Turnover 2.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $2,383

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares U.S. Regional Banks ETF ETF based on the alternatives' overlap in portfolio holdings with IAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IAT Expense: 42 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IAT
Ticker Fund
Name
Overlap1
vs IAT
(%)
Expense
ratio
(bp)
Savings
vs IAT
(bp)
ALTAR
Score™
(%)
ALTAR
vs IAT
(%)
KRE SPDR S&P Regional Banking ETF 62.0 35 7 9.6 -0.3
KBE SPDR S&P Bank ETF 51.7 35 7 10.1 +0.2
FTXO First Trust Nasdaq Bank ETF 51.5 60 -18 8.6 -1.3
KBWB Invesco KBW Bank ETF 49.0 35 7 9.7 -0.2
FXO First Trust Financials AlphaDEX Fund 25.9 63 -21 11.5 +1.6
KBWR Invesco KBW Regional Banking ETF 24.6 35 7 10.3 +0.3
RYF Invesco S&P 500 Equal Weight Financials ETF 21.3 40 2 9.3 -0.7
DFNL Davis Select Financial ETF 15.1 64 -22 8.2 -1.8
QABA First Trust NASDAQ ABA Community Bank Index Fund 14.8 60 -18 9.6 -0.4
SPYD SPDR S&P 500 High Dividend ETF 14.6 7 35 10.8 +0.9
IEFN iShares Evolved U.S. Financials ETF 14.2 18 24 8.9 -1.0
DVY iShares Select Dividend ETF 13.8 39 3 9.1 -0.8
IYG iShares US Financial Services ETF 13.5 42 0 6.8 -3.2
AUSF Global X Adaptive U.S. Factor ETF 13.5 27 15 9.0 -0.9
JHMF John Hancock Multifactor Financials ETF 12.0 40 2 7.4 -2.5
FNCL Fidelity MSCI Financials Index ETF 11.9 8 34 8.4 -1.5
FOVL iShares Focused Value Factor ETF 11.9 25 17 9.7 -0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 11.7 70 -28 10.4 +0.5
VFH Vanguard Financials Index Fund 11.0 10 32 8.4 -1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 10.7 25 17 8.0 -2.0
MDYV SPDR S&P 400 Mid Cap Value ETF 10.7 15 27 8.2 -1.8
FDL First Trust Morningstar Dividend Leaders Index Fund 10.6 45 -3 10.1 +0.1
XLF Financial Select Sector SPDR Fund 10.3 13 29 8.0 -2.0
WBIY WBI Power Factor High Dividend ETF 9.6 70 -28 10.7 +0.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.6 15 27 8.0 -1.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 9.5 60 -18 7.6 -2.3
SCHD Schwab U.S. Dividend Equity ETF 9.3 6 36 7.8 -2.2
EQRR ProShares Equities for Rising Rates ETF 9.2 35 7 6.9 -3.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.1 39 3 10.3 +0.4
SPHB Invesco S&P 500 High Beta ETF 9.0 25 17 8.4 -1.6
SPGP Invesco S&P 500 GARP ETF 8.8 34 8 6.6 -3.3
DON WisdomTree U.S. MidCap Dividend Fund 8.7 38 4 7.3 -2.6
JKL iShares Morningstar Small Cap Value ETF 8.7 30 12 9.6 -0.3
FAB First Trust Multi Cap Value AlphaDEX Fund 8.7 71 -29 9.2 -0.7
PY Principal Shareholder Yield Index ETF 8.3 15 27 8.9 -1.1
NIFE Direxion Fallen Knives ETF 8.2 50 -8 5.2 -4.7
EZM WisdomTree U.S. MidCap Earnings Fund 8.1 38 4 8.4 -1.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 7.8 40 2 7.0 -2.9
IYF iShares U.S. Financials ETF 7.8 42 0 6.8 -3.2
ESGS Columbia Sustainable U.S. Equity Income ETF 7.8 35 7 8.5 -1.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 7.2 29 13 9.0 -1.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 7.1 35 7 8.5 -1.4
FYT First Trust Small Cap Value AlphaDEX Fund 7.1 72 -30 9.1 -0.8
FTA First Trust Large Cap Value AlphaDEX Fund 6.9 60 -18 8.8 -1.1
QDIV Global X S&P 500 Quality Dividend ETF 6.9 20 22 7.4 -2.5
GBDV Global Beta Smart Income ETF 6.8 29 13 10.0 +0.0
PXMV Invesco S&P MidCap Value with Momentum ETF 6.4 39 3 9.3 -0.7
FUNL CornerCap Fundametrics Large-Cap ETF 6.2 50 -8 8.0 -1.9
MAGA Point Bridge GOP Stock Tracker ETF 6.2 72 -30 6.2 -3.7
JKJ iShares Morningstar Small-Cap ETF 6.1 25 17 6.2 -3.8
AVUV Avantis U.S. Small Cap Value ETF 6.0 25 17 7.7 -2.2
FNX First Trust Mid Cap Core AlphaDEX Fund 6.0 61 -19 6.2 -3.7
RPV Invesco S&P 500 Pure Value ETF 5.8 35 7 10.4 +0.4
SPVU Invesco S&P 500 Enhanced Value ETF 5.7 13 29 11.3 +1.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 5.6 35 7 8.6 -1.3
MDY SPDR S&P Midcap 400 ETF Trust 5.5 23 19 6.1 -3.8
SPMD SPDR Portfolio Mid Cap ETF 5.5 5 37 6.3 -3.6
IJH iShares Core S&P Mid-Cap ETF 5.5 5 37 6.3 -3.6
VBR Vanguard Small Cap Value Index Fund 5.5 7 35 7.8 -2.2
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 5.4 20 22 8.9 -1.1
RFV Invesco S&P Midcap 400 Pure Value ETF 5.4 35 7 9.0 -1.0
BFOR Barron's 400 ETF 5.3 65 -23 6.3 -3.6
IVOO Vanguard S&P Mid-Cap 400 ETF 5.3 10 32 6.1 -3.8
LVHD Legg Mason Low Volatility High Dividend ETF 5.2 27 15 8.0 -1.9
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 5.1 41 1 6.0 -4.0
BUY USCF SummerHaven SHPEI Index Fund 5.1 80 -38 8.6 -1.4
FLV American Century Focused Large Cap Value ETF 5.1 42 0 6.3 -3.7
IXG iShares Global Financials ETF 5.0 46 -4 9.9 -0.0
RYJ Invesco Raymond James SB-1 Equity ETF 5.0 76 -34 3.2 -6.7
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 5.0 15 27 6.6 -3.3
RNMC Mid Cap US Equity Select ETF 5.0 60 -18 7.3 -2.7
VFVA Vanguard U.S. Value Factor ETF 4.9 14 28 10.6 +0.7
JHSC John Hancock Multifactor Small Cap ETF 4.9 42 0 5.4 -4.6
FGD First Trust Dow Jones Global Select Dividend Index Fund 4.9 59 -17 12.1 +2.2
JVAL JPMorgan U.S. Value Factor ETF 4.6 12 30 8.1 -1.8
BKSE BNY Mellon US Small Cap Core Equity ETF 4.5 4 38 5.5 -4.4
NUMV Nuveen ESG Mid-Cap Value ETF 4.5 40 2 6.9 -3.1
SDY SPDR S&P Dividend ETF 4.4 35 7 6.9 -3.1
ONEY SPDR Russell 1000 Yield Focus ETF 4.4 20 22 8.6 -1.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 4.3 25 17 7.0 -2.9
EQWM Invesco S&P MidCap Quality ETF 4.3 25 17 6.1 -3.8
QSY WisdomTree U.S. LargeCap Value Fund 4.3 38 4 6.4 -3.5
FYX First Trust Small Cap Core AlphaDEX Fund 4.2 63 -21 5.9 -4.0
HOMZ Hoya Capital Housing ETF 4.2 30 12 7.2 -2.7
JKI iShares Morningstar Mid-Cap Value ETF 4.2 30 12 8.6 -1.3
SPVM Invesco S&P 500 Value with Momentum ETF 4.1 39 3 8.6 -1.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 4.0 29 13 6.6 -3.3
TUSA First Trust Total US Market AlphaDEX ETF 4.0 70 -28 5.5 -4.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.0 29 13 7.2 -2.7
VFLQ Vanguard U.S. Liquidity Factor ETF 3.9 14 28 4.1 -5.9
IWS iShares Russell Mid-Cap Value ETF 3.9 24 18 6.7 -3.2
DGRO iShares Core Dividend Growth ETF 3.9 8 34 6.5 -3.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 3.8 7 35 5.0 -4.9
TTFS AdvisorShares Wilshire Buyback ETF 3.8 91 -49 6.0 -3.9
NUSC Nuveen ESG Small-Cap ETF 3.8 40 2 4.6 -5.3
ETHO Etho Climate Leadership U.S. ETF 3.7 47 -5 4.2 -5.7
FEX First Trust Large Cap Core AlphaDEX Fund 3.7 60 -18 5.7 -4.3
NULV Nuveen ESG Large-Cap Value ETF 3.6 35 7 7.1 -2.9
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 3.6 30 12 9.0 -1.0

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:
iShares U.S. Regional Banks ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.1 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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