iShares Self-driving EV & Tech ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
31.9x P/Sales
ratio
1.0x
P/BV
ratio
1.8x Div.
yield
1.6%


  • 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) $34
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 101
Wgt avg mkt cap (mns) $225,957
Large cap (>$10bn) 90.1%
Mid cap ($2-10bn) 8.3%
Small cap (<$2bn) 1.7%
Developed mkts 88.4%
Emerging mkts 11.6%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.0 %
APPLE INC 4.9 %
NVIDIA CORP 4.6 %
QUALCOMM INC 4.5 %
SIEMENS AG-REG 4.1 %
SCHNEIDER ELECTRIC SA 4.0 %
SAMSUNG ELECTRONICS CO LTD 3.9 %
ALPHABET INC. CLASS A 3.8 %
TOYOTA MOTOR CORP 3.8 %
ABB LTD. 3.3 %
Total 42.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 42.3 %
GERMANY 13.6 %
JAPAN 10.6 %
SOUTH KOREA 9.9 %
FRANCE 4.7 %
SWITZERLAND 4.3 %
IRELAND 3.5 %
NETHERLANDS 3.4 %
SWEDEN 1.8 %
BERMUDA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.4% 25.0% -- -- 15.2%

Market Correlations
versus... Beta R-squared
S&P500 1.35 89%
MSCI EAFE 1.41 89%
MSCI Emg. Mkts. 1.06 85%

Technical Indicators
Recent close $31.31
30d moving avg. $29.87
Annualized volatility 30.9%
Short interest (ETF) 2.7%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 22
Turnover 2.0%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $60,913

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
(%)
EKAR Innovation Shares NextGen Vehicles & Technology ETF 49.5 95 -48 7.6 +0.9
DRIV Global X Autonomous & Electric Vehicles ETF 47.2 68 -21 6.3 -0.4
MOTO SmartETFs Smart Transportation & Technology ETF 30.4 68 -21 7.2 +0.5
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 29.4 70 -23 7.2 +0.5
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 27.4 50 -3 3.8 -2.9
CARZ First Trust NASDAQ Global Auto Index Fund 24.8 70 -23 13.3 +6.6
XNTK SPDR NYSE Technology ETF 24.0 35 12 3.6 -3.1
SOXX iShares PHLX Semiconductor ETF 23.2 46 1 5.1 -1.6
SMH VanEck Vectors Semiconductor ETF 23.2 35 12 5.2 -1.5
AIQ Global X Future Analytics Tech ETF 19.8 68 -21 4.2 -2.5
FTXL First Trust Nasdaq Semiconductor ETF 19.1 60 -13 4.9 -1.8
GDAT Goldman Sachs Motif Data-Driven World Etf 19.1 50 -3 4.7 -2.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 18.9 57 -10 4.8 -1.9
IYW iShares U.S. Technology ETF 18.8 42 5 3.9 -2.8
FIVG Defiance Next Gen Connectivity ETF 18.8 30 17 4.6 -2.1
TECB iShares US Tech Breakthrough Multisector ETF 18.5 40 7 4.0 -2.7
MTUM iShares Edge MSCI USA Momentum Factor ETF 18.0 15 32 4.1 -2.6
XKST SPDR Kensho Smart Mobility ETF 18.0 45 2 5.0 -1.7
QYLD Global X NASDAQ 100 Covered Call ETF 17.9 60 -13 3.3 -3.4
NUSI Nationwide Risk-Managed Income ETF 17.9 68 -21 3.3 -3.4
XSD SPDR S&P Semiconductor ETF 17.8 35 12 3.7 -3.0
IQM Franklin Intelligent Machines ETF 17.5 50 -3 1.9 -4.8
QQQ Invesco QQQ Trust 17.3 20 27 3.8 -2.9
JHMT John Hancock Multifactor Technology ETF 16.8 40 7 4.8 -1.9
VEGN US Vegan Climate ETF 16.5 60 -13 5.0 -1.7
SFYF SoFi 50 ETF 16.4 29 18 1.7 -5.0
FMK First Trust Mega Cap AlphaDEX Fund 16.3 70 -23 4.7 -2.0
IGM iShares Expanded Tech Sector ETF 15.9 46 1 3.7 -3.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 15.6 50 -3 5.6 -1.1
IXN iShares Global Tech ETF 15.4 46 1 4.3 -2.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 14.6 45 2 4.7 -2.0
WUGI Esoterica NextG Economy ETF 14.6 75 -28 1.7 -5.0
SPHQ Invesco S&P 500 Quality ETF 14.3 15 32 4.5 -2.2
QTUM Defiance Quantum ETF 14.3 40 7 5.5 -1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 14.2 21 26 3.0 -3.7
NXTG First Trust Indxx NextG ETF 14.1 70 -23 5.9 -0.8
IETC iShares Evolved U.S. Technology ETF 14.1 18 29 3.7 -3.0
XLK Technology Select Sector SPDR Fund 14.1 13 34 4.6 -2.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Inde 14.0 70 -23 3.9 -2.8
HIPR Direxion High Growth ETF 14.0 40 7 4.4 -2.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.7 60 -13 4.0 -2.7
FTEC Fidelity MSCI Information Technology Index ETF 13.7 8 39 4.4 -2.3
VGT Vanguard Information Technology Index Fund 13.5 10 37 4.4 -2.3
HEDJ WisdomTree Europe Hedged Equity Fund 13.5 58 -11 6.9 +0.2
FLGR Franklin FTSE Germany ETF 13.5 9 38 7.2 +0.5
IOO iShares Global 100 ETF 13.4 40 7 4.6 -2.1
DAX Global X DAX Germany ETF 13.4 21 26 7.6 +0.9
QDEU SPDR MSCI Germany Quality Mix ETF 13.4 14 33 7.5 +0.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 13.4 45 2 6.9 +0.2
EWG iShares MSCI Germany ETF 13.4 49 -2 6.9 +0.2
ARKQ Ark Industrial Innovation ETF 13.3 75 -28 0.9 -5.8
FTXR First Trust Nasdaq Transportation ETF 13.2 60 -13 5.5 -1.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 13.1 15 32 6.0 -0.7
SNSR Global X Internet of Things Thematic ETF 13.0 68 -21 4.9 -1.8
LOUP Innovator Loup Frontier Tech ETF 12.9 70 -23 3.8 -2.9
SUSA iShares MSCI USA ESG Select ETF 12.9 25 22 4.6 -2.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 12.8 49 -2 3.9 -2.8
PWB Invesco Dynamic Large Cap Growth ETF 12.7 55 -8 3.3 -3.4
FDMO Fidelity Momentum Factor ETF 12.4 29 18 3.7 -3.0
RXI iShares Global Consumer Discretionary ETF 12.4 46 1 5.1 -1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 12.4 19 28 5.8 -0.9
IUS Invesco Strategic US ETF 12.1 19 28 6.3 -0.4
IWY iShares Russell Top 200 Growth ETF 12.1 20 27 3.7 -3.0
PXQ Invesco Dynamic Networking ETF 12.0 63 -16 3.8 -2.9
MGK Vanguard Mega Cap Growth ETF 11.9 7 40 3.9 -2.8
ENTR Entrepreneur 30 Fund 11.9 49 -2 1.6 -5.1
PSI Invesco Dynamic Semiconductors ETF 11.8 58 -11 4.6 -2.1
LIT Global X Lithium & Battery Tech ETF 11.8 75 -28 2.9 -3.8
ISDX Invesco Strategic Developed ex-US ETF 11.7 23 24 7.4 +0.7
KRMA Global X Conscious Companies ETF 11.7 43 4 5.0 -1.7
IQSU IQ Candriam ESG US Equity ETF 11.6 9 38 4.9 -1.8
SYG SPDR MFS Systematic Growth Equity ETF 11.5 60 -13 4.2 -2.5
FIDI Fidelity International High Dividend ETF 11.5 39 8 11.3 +4.6
LRGE ClearBridge Large Cap Growth ESG ETF 11.5 59 -12 3.7 -3.0
DSTL Distillate US Fundamental Stability & Value ETF 11.4 39 8 5.8 -0.9
JKE iShares Morningstar Large-Cap Growth ETF 11.3 25 22 2.8 -3.9
HLAL Wahed FTSE USA Shariah ETF 11.3 50 -3 4.3 -2.4
EXT WisdomTree U.S. Total Earnings Fund 11.3 28 19 5.0 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 11.2 4 43 4.2 -2.5
IVW iShares S&P 500 Growth ETF 11.2 18 29 4.1 -2.6
SPMO Invesco S&P 500 Momentum ETF 11.2 13 34 4.2 -2.5
VOOG Vanguard S&P 500 Growth ETF 11.2 10 37 4.1 -2.6
XT iShares Exponential Technologies ETF 11.2 47 0 4.9 -1.8
RYT Invesco S&P 500 Equal Weight Technology ETF 11.1 40 7 6.6 -0.1
VUG Vanguard Growth Index Fund 11.0 4 43 3.8 -2.9
VONG Vanguard Russell 1000 Growth Index Fund 11.0 8 39 3.7 -3.0
IWF iShares Russell 1000 Growth ETF 11.0 19 28 3.6 -3.1
FQAL Fidelity Quality Factor ETF 11.0 29 18 5.3 -1.4
XLG Invesco S&P 500 Top 50 ETF 10.9 20 27 4.3 -2.4
IUSG iShares Core S&P US Growth ETF 10.9 4 43 4.2 -2.5
ECOZ TrueMark ESG Active Opportunities ETF 10.9 58 -11 3.9 -2.8
EPS WisdomTree U.S. Earnings 500 Fund 10.9 8 39 6.2 -0.5
OEF iShares S&P 100 ETF 10.9 20 27 4.6 -2.1
BUL Pacer US Cash Cows Growth ETF 10.9 60 -13 6.0 -0.7
DXGE WisdomTree Germany Hedged Equity Fund 10.8 48 -1 8.7 +2.0
FVAL Fidelity Value Factor ETF 10.7 29 18 7.6 +0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 10.7 0 47 5.0 -1.7
NACP Impact Shares NAACP Minority Empowerment ETF 10.6 75 -28 4.6 -2.1
IWL iShares Russell Top 200 ETF 10.6 15 32 4.8 -1.9
IYK iShares U.S. Consumer Goods ETF 10.6 42 5 5.0 -1.7

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 11.9 %
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
1.52 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.