iShares Self-driving EV & Tech ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
29.6x P/Sales
ratio
1.0x
P/BV
ratio
1.8x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Self-Driving EV and Tech ETF tracks a market-cap selected and weighted index of equities related to self-driving vehicles.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock
Website www.blackrock.com
Inception date Apr 16, 2019
Assets (mns) $31
Currency USD
Expense ratio 47 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $192,640
Large cap (>$10bn) 90.7%
Mid cap ($2-10bn) 7.1%
Small cap (<$2bn) 2.2%
Developed mkts 90.9%
Emerging mkts 9.1%

TOP TEN HOLDINGS
TESLA MOTORS INC 8.0 %
NVIDIA CORP 6.8 %
APPLE INC 4.7 %
INTEL CORP 4.5 %
ALPHABET INC. CLASS A 4.3 %
SAMSUNG ELECTRONICS CO LTD 3.9 %
QUALCOMM INC 3.9 %
SCHNEIDER ELECTRIC SA 3.7 %
TOYOTA MOTOR CORP 3.5 %
SIEMENS AG-REG 3.4 %
Total 46.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 47.3 %
GERMANY 12.0 %
JAPAN 11.2 %
SOUTH KOREA 8.2 %
FRANCE 4.4 %
SWITZERLAND 3.6 %
IRELAND 3.2 %
NETHERLANDS 2.8 %
SWEDEN 1.6 %
BERMUDA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.3% 21.2% -- -- 4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.35 91%
MSCI EAFE 1.39 89%
MSCI Emg. Mkts. 1.13 87%

Technical Indicators
Recent close $27.75
30d moving avg. $24.73
Annualized volatility 32.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $49,635

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Self-driving EV & Tech ETF ETF based on the alternatives' overlap in portfolio holdings with IDRV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IDRV Expense: 47 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IDRV
Ticker Fund
Name
Overlap1
vs IDRV
(%)
Expense
ratio
(bp)
Savings
vs IDRV
(bp)
ALTAR
Score™
(%)
ALTAR
vs IDRV
(%)
DRIV Global X Autonomous & Electric Vehicles ETF 55.0 68 -21 5.8 -0.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 50.0 65 -18 8.5 +1.8
MOTO SmartETFs Smart Transportation & Technology ETF 30.8 68 -21 8.0 +1.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 30.7 70 -23 5.7 -1.0
SMH VanEck Vectors Semiconductor ETF 25.8 35 12 5.6 -1.2
SOXX iShares PHLX Semiconductor ETF 25.8 46 1 5.3 -1.5
CARZ First Trust NASDAQ Global Auto Index Fund 25.8 70 -23 15.2 +8.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 25.3 50 -3 4.1 -2.6
XNTK SPDR Morgan Stanley Technology ETF 24.3 35 12 4.0 -2.7
XKST SPDR Kensho Smart Mobility ETF 22.6 45 2 2.3 -4.4
XSD SPDR S&P Semiconductor ETF 19.7 35 12 3.8 -2.9
AIQ Global X Future Analytics Tech ETF 19.4 68 -21 4.2 -2.6
GDAT Goldman Sachs Motif Data-Driven World Etf 19.1 50 -3 5.2 -1.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 18.6 57 -10 5.0 -1.7
IYW iShares U.S. Technology ETF 18.5 42 5 4.4 -2.4
TECB iShares US Tech Breakthrough Multisector ETF 18.3 40 7 4.1 -2.6
QYLD Global X NASDAQ 100 Covered Call ETF 18.3 60 -13 3.7 -3.0
FTXL First Trust Nasdaq Semiconductor ETF 18.2 60 -13 5.0 -1.7
PSI Invesco Dynamic Semiconductors ETF 17.9 58 -11 4.8 -1.9
NUSI Nationwide Risk-Managed Income ETF 17.7 68 -21 3.7 -3.1
JHMT John Hancock Multifactor Technology ETF 17.7 40 7 5.1 -1.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 17.4 15 32 4.8 -1.9
QQQ Invesco QQQ Trust 17.4 20 27 4.1 -2.6
IQM Franklin Intelligent Machines ETF 17.2 50 -3 2.2 -4.5
IGM iShares North American Tech ETF 16.8 46 1 4.0 -2.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 16.5 50 -3 5.7 -1.0
IXN iShares Global Tech ETF 15.8 46 1 4.8 -1.9
FIVG Defiance Next Gen Connectivity ETF 15.4 30 17 4.6 -2.2
ARKQ Ark Industrial Innovation ETF 15.0 75 -28 0.7 -6.0
QTUM Defiance Quantum ETF 15.0 40 7 5.3 -1.4
XLK Technology Select Sector SPDR Fund 14.9 13 34 5.0 -1.7
VEGN US Vegan Climate ETF 14.8 60 -13 5.3 -1.5
FTXR First Trust Nasdaq Transportation ETF 14.7 60 -13 6.1 -0.6
IETC iShares Evolved U.S. Technology ETF 14.7 18 29 4.1 -2.6
SNSR Global X Internet of Things Thematic ETF 14.5 68 -21 4.7 -2.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 14.3 21 26 3.2 -3.5
VGT Vanguard Information Technology Index Fund 14.1 10 37 4.8 -1.9
FTEC Fidelity MSCI Information Technology Index ETF 14.0 8 39 4.9 -1.9
IOO iShares Global 100 ETF 14.0 40 7 4.9 -1.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 13.6 45 2 4.6 -2.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 13.4 19 28 5.6 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 13.2 49 -2 4.2 -2.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 13.0 70 -23 4.3 -2.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 13.0 15 32 6.2 -0.5
BIBL Inspire ETF 12.9 35 12 4.7 -2.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.8 60 -13 4.6 -2.2
PWB Invesco Dynamic Large Cap Growth ETF 12.6 55 -8 3.5 -3.2
LIT Global X Lithium & Battery Tech ETF 12.6 75 -28 3.5 -3.3
KOMP SPDR Kensho New Economies Composite ETF 12.5 20 27 1.6 -5.1
ARKW ARK Web x.0 ETF 12.5 76 -29 -0.8 -7.6
SUSA iShares MSCI USA ESG Select ETF 12.4 25 22 4.8 -1.9
RXI iShares Global Consumer Discretionary ETF 12.4 46 1 5.5 -1.2
IUS Invesco Strategic US ETF 12.3 19 28 6.2 -0.6
FMK First Trust Mega Cap AlphaDEX Fund 12.3 70 -23 5.2 -1.5
FDMO Fidelity Momentum Factor ETF 12.2 29 18 4.0 -2.7
LOUP Innovator Loup Frontier Tech ETF 12.1 70 -23 3.1 -3.7
HEDJ WisdomTree Europe Hedged Equity Fund 12.0 58 -11 7.0 +0.3
FLGR Franklin FTSE Germany ETF 11.9 9 38 7.3 +0.6
NXTG First Trust Indxx NextG ETF 11.9 70 -23 6.1 -0.7
LRGE ClearBridge Large Cap Growth ESG ETF 11.8 60 -13 4.0 -2.7
DAX Global X DAX Germany ETF 11.8 20 27 7.8 +1.1
QDEU SPDR MSCI Germany Quality Mix ETF 11.8 14 33 7.6 +0.9
DBGR Xtrackers MSCI Germany Hedged Equity ETF 11.8 45 2 7.3 +0.6
EWG iShares MSCI Germany ETF 11.8 49 -2 7.1 +0.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 11.8 75 -28 2.2 -4.5
IQSU IQ Candriam ESG US Equity ETF 11.7 9 38 5.3 -1.5
HLAL Wahed FTSE USA Shariah ETF 11.5 50 -3 4.6 -2.1
IWY iShares Russell Top 200 Growth ETF 11.5 20 27 4.3 -2.4
VOOG Vanguard S&P 500 Growth ETF 11.5 10 37 4.4 -2.3
SPYG SPDR Portfolio S&P 500 Growth ETF 11.4 4 43 4.5 -2.2
IVW iShares S&P 500 Growth ETF 11.4 18 29 4.3 -2.4
MGK Vanguard Mega Cap Growth ETF 11.3 7 40 4.3 -2.4
EPS WisdomTree U.S. Earnings 500 Fund 11.2 8 39 6.4 -0.3
FVAL Fidelity Value Factor ETF 11.2 29 18 8.0 +1.2
OEF iShares S&P 100 ETF 11.1 20 27 4.9 -1.8
IUSG iShares Core S&P US Growth ETF 11.1 4 43 4.5 -2.2
FQAL Fidelity Quality Factor ETF 11.1 29 18 5.4 -1.3
KRMA Global X Conscious Companies ETF 11.1 43 4 5.2 -1.5
FIDI Fidelity International High Dividend ETF 11.0 39 8 10.8 +4.1
KOIN Innovation Shares NextGen Protocol ETF 10.9 95 -48 4.4 -2.3
IWL iShares Russell Top 200 ETF 10.7 15 32 5.1 -1.6
NACP Impact Shares NAACP Minority Empowerment ETF 10.6 75 -28 4.5 -2.2
NULG Nuveen ESG Large-Cap Growth ETF 10.6 35 12 3.4 -3.3
VUG Vanguard Growth Index Fund 10.5 4 43 4.2 -2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 10.5 27 20 5.1 -1.6
MGC Vanguard Mega Cap Index Fund 10.4 7 40 5.3 -1.4
SNPE Xtrackers S&P 500 ESG ETF 10.4 11 36 5.2 -1.5
SPMO Invesco S&P 500 Momentum ETF 10.4 13 34 4.5 -2.2
ESGV Vanguard ESG U.S. Stock ETF 10.4 12 35 5.3 -1.4
RYT Invesco S&P 500 Equal Weight Technology ETF 10.4 40 7 7.3 +0.5
SPXN ProShares S&P 500 Ex-Financials ETF 10.3 27 20 5.1 -1.6
SPHQ Invesco S&P 500 Quality ETF 10.3 15 32 5.1 -1.6
VONG Vanguard Russell 1000 Growth Index Fund 10.3 8 39 4.4 -2.3
IWF iShares Russell 1000 Growth ETF 10.3 19 28 4.3 -2.4
XT iShares Exponential Technologies ETF 10.2 47 0 5.2 -1.5
LRNZ TrueMark Technology, AI & Deep Learning ETF 10.2 68 -21 0.9 -5.8
ESG FlexShares STOXX US ESG Impact Index Fund 10.2 32 15 5.2 -1.6
ISDX Invesco Strategic Developed ex-US ETF 10.2 23 24 7.4 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 10.2 25 22 8.7 +2.0
EXT WisdomTree U.S. Total Earnings Fund 10.1 28 19 5.7 -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 Self-driving EV & Tech ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.