iShares Self-driving EV & Tech
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
15.0x P/Sales
ratio
0.9x
P/BV
ratio
1.7x Div.
yield
2.5%


  • 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) $29
Currency USD
Expense ratio 47 bp
Distributions

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 96
Wgt avg mkt cap (mns) $164,247
Large cap (>$10bn) 88.7%
Mid cap ($2-10bn) 9.5%
Small cap (<$2bn) 1.8%
Developed mkts 91.0%
Emerging mkts 9.0%

TOP TEN HOLDINGS
NVIDIA CORP 4.8 %
QUALCOMM INC 4.6 %
APPLE INC 4.6 %
INTEL CORP 4.3 %
ALPHABET INC. CLASS A 4.2 %
SAMSUNG ELECTRONICS CO LTD 4.1 %
TOYOTA MOTOR CORP 4.0 %
DAIMLER AG-REGISTERED SHARES 3.7 %
GENERAL MOTORS CO 3.6 %
SIEMENS AG-REG 3.6 %
Total 41.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 43.3 %
GERMANY 15.0 %
JAPAN 12.8 %
SOUTH KOREA 8.0 %
IRELAND 4.7 %
SWITZERLAND 3.9 %
NETHERLANDS 2.8 %
SWEDEN 2.7 %
CANADA 1.4 %
BERMUDA 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.2% -- -- -- 1.2%

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

Technical Indicators
Recent close $26.77
30d moving avg. $25.00
Annualized volatility 0.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $17,376

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Self-driving EV & Tech 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™: 8.7%


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 52.8 68 -21 7.3 -1.4
EKAR Innovation Shares NextGen Vehicles & Technology 50.9 95 -48 6.9 -1.8
KARS KraneShares Electric Vehicles & Future Mobility Index 32.4 70 -23 6.5 -2.2
CARZ First Trust NASDAQ Global Auto 26.7 70 -23 14.4 +5.7
GMAN Goldman Sachs Motif Manufacturing Revolution 24.2 50 -3 4.6 -4.1
XNTK SPDR NYSE Technology 21.2 35 12 5.5 -3.2
SMH VanEck Vectors Semiconductors 21.1 35 12 6.1 -2.6
SOXX iShares PHLX SOX Semiconductor 21.1 46 1 5.8 -2.9
XKST SPDR Kensho Smart Mobility 20.2 45 2 6.0 -2.7
GDAT Goldman Sachs Motif Data-Driven World 19.3 50 -3 5.6 -3.1
QTEC First Trust NASDAQ 100 Tech 18.6 57 -10 6.0 -2.7
PSI Invesco Dynamic Semiconductors 18.4 58 -11 5.5 -3.2
IYW iShares US Technology 18.3 42 5 5.1 -3.6
AIQ Global X Future Analytics Tech 18.1 68 -21 4.6 -4.1
JHMT John Hancock Multifactor Technology 16.6 40 7 5.9 -2.8
QYLD Global X NASDAQ 100 Covered Call ETF 16.2 60 -13 4.9 -3.8
QQQ Invesco QQQ 15.8 20 27 5.2 -3.5
IGM iShares S&P N. American Technology 15.8 46 1 4.6 -4.1
IXN iShares S&P Global Technology 15.7 46 1 5.3 -3.4
XSD SPDR S&P Semiconductors 15.5 35 12 4.7 -4.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 14.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.54
 
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.