iShares Evolved U.S. Media & Entertainment ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.1x P/Sales
ratio
1.8x
P/BV
ratio
2.4x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Evolved U.S. Media and Entertainment ETF is an actively managed, market-cap weighted, fund of large-, mid-, and small-cap US stocks in the media and entertainment sector according to an alternative classification system defined by machine lear

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2018
Assets (mns) $10
Currency USD
Expense ratio 18 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 90
Wgt avg mkt cap (mns) $69,800
Large cap (>$10bn) 75.1%
Mid cap ($2-10bn) 19.7%
Small cap (<$2bn) 5.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CBS CORP-CLASS B NON VOTING 5.5 %
COMCAST CORP-CL A 5.1 %
CHARTER COMMUNICATIONS, INC. CLASS 5.0 %
ELECTRONIC ARTS INC 4.7 %
WALT DISNEY CO/THE 4.7 %
ACTIVISION BLIZZARD INC 4.6 %
NETFLIX INC 4.5 %
LIBERTY BROADBAND CORP. CLASS C 4.2 %
ROKU, INC. CLASS A 3.6 %
FOX CORPORATION CLASS A 3.4 %
Total 45.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
BRITAIN 2.2 %
CANADA 0.2 %
BERMUDA 0.1 %







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.
-4.2% -2.7% -- -- 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.12 78%
MSCI EAFE 1.14 67%
MSCI Emg. Mkts. 0.77 50%

Technical Indicators
Recent close $27.18
30d moving avg. $25.66
Annualized volatility 24.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 6
Turnover 1.7%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $22,192

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Evolved U.S. Media & Entertainment ETF ETF based on the alternatives' overlap in portfolio holdings with IEME. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IEME Expense: 18 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEME
Ticker Fund
Name
Overlap1
vs IEME
(%)
Expense
ratio
(bp)
Savings
vs IEME
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEME
(%)
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 53.4 40 -22 7.0 +0.0
JHCS John Hancock Multifactor Media & Communications ETF 50.9 40 -22 5.2 -1.8
XLC The Communication Services Select Sector SPDR Fund 40.8 13 5 5.5 -1.4
FCOM Fidelity MSCI Telecommunication Services Index ETF 39.1 8 10 4.8 -2.2
VOX Vanguard Telecommunication Services Index Fund 37.6 10 8 4.6 -2.3
PBS Invesco Dynamic Media ETF 24.4 63 -45 5.1 -1.9
IXP iShares Global Comm Services ETF 23.3 46 -28 5.4 -1.5
IYC iShares U.S. Consumer Services ETF 22.1 42 -24 3.9 -3.1
PEJ Invesco Dynamic Leisure & Entertainment ETF 18.7 63 -45 1.0 -5.9
PSJ Invesco Dynamic Software ETF 17.0 58 -40 3.8 -3.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 15.1 60 -42 3.5 -3.4
GVIP Goldman Sachs Hedge Industry VIP ETF 13.6 45 -27 4.2 -2.7
HERO Global X Video Games & Esports ETF 13.4 50 -32 2.5 -4.5
ESPO VanEck Vectors Video Gaming & eSports ETF 13.2 55 -37 2.4 -4.5
MILN Global X Millennials Thematic ETF 13.1 50 -32 2.2 -4.7
GENY Principal Millennials Index ETF 12.8 45 -27 3.7 -3.3
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 11.5 25 -7 1.7 -5.2
GURU Global X Guru Index ETF 11.1 75 -57 3.8 -3.1
FXD First Trust Consumer Discretionary AlphaDEX Fund 10.7 64 -46 5.8 -1.2
CACG ClearBridge All Cap Growth ETF 10.5 54 -36 4.2 -2.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 9.9 59 -41 4.0 -2.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 9.9 35 -17 4.3 -2.7
GBUY Goldman Sachs Motif New Age Consumer ETF 9.8 50 -32 1.7 -5.3
ENTR Entrepreneur 30 Fund 9.3 49 -31 1.5 -5.4
GAMR ETFMG Video Game Tech ETF 8.9 75 -57 2.0 -5.0
SHE SPDR SSGA Gender Diversity Index ETF 8.9 20 -2 4.8 -2.2
FDN First Trust Dow Jones Internet Index Fund 8.8 52 -34 2.1 -4.9
IGV iShares North American Tech-Software ETF 8.8 46 -28 2.4 -4.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 8.7 12 6 4.6 -2.4
QYLD Global X NASDAQ 100 Covered Call ETF 8.5 60 -42 3.4 -3.6
JKE iShares Morningstar Large-Cap Growth ETF 8.5 25 -7 2.7 -4.2
NUSI Nationwide Risk-Managed Income ETF 8.5 68 -50 3.3 -3.7
FMK First Trust Mega Cap AlphaDEX Fund 8.4 70 -52 4.7 -2.3
ALFA AlphaClone Alternative Alpha ETF 8.3 65 -47 3.1 -3.9
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 8.3 60 -42 3.0 -4.0
SFYF SoFi 50 ETF 8.3 29 -11 1.7 -5.3
QQQ Invesco QQQ Trust 8.3 20 -2 3.7 -3.3
USMF WisdomTree U.S. Multifactor Fund 8.2 28 -10 5.3 -1.7
PWC Invesco Dynamic Market ETF 8.0 59 -41 4.6 -2.4
IWX iShares Russell Top 200 Value ETF 7.4 20 -2 6.7 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 7.3 21 -3 3.0 -4.0
XNTK SPDR NYSE Technology ETF 7.3 35 -17 3.5 -3.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 7.2 15 3 4.1 -2.9
NULG Nuveen ESG Large-Cap Growth ETF 7.2 35 -17 3.5 -3.5
SPXT ProShares S&P 500 Ex-Technology ETF 7.2 27 -9 5.4 -1.5
FTCS First Trust Capital Strength ETF 7.1 58 -40 4.6 -2.4
SYG SPDR MFS Systematic Growth Equity ETF 7.1 60 -42 4.1 -2.8
ACSI American Customer Satisfaction Core Alpha ETF 7.1 66 -48 5.2 -1.8
PNQI Invesco NASDAQ Internet ETF 7.0 62 -44 1.0 -6.0
UFO Procure Space ETF 6.8 171 -153 3.0 -4.0
FLLV Franklin Liberty U.S. Low Volatility ETF 6.7 29 -11 5.6 -1.4
SYV SPDR MFS Systematic Value Equity ETF 6.7 60 -42 7.3 +0.3
BVAL Brand Value ETF 6.7 65 -47 5.5 -1.4
FDRR Fidelity Dividend ETF for Rising Rates 6.7 29 -11 6.8 -0.1
PWB Invesco Dynamic Large Cap Growth ETF 6.6 55 -37 3.3 -3.7
XLG Invesco S&P 500 Top 50 ETF 6.5 20 -2 4.3 -2.7
SPXV ProShares S&P 500 Ex-Health Care ETF 6.4 27 -9 4.8 -2.2
SCHG Schwab U.S. Large-Cap Growth ETF 6.4 4 14 3.9 -3.0
VONV Vanguard Russell 1000 Value Index Fund 6.3 8 10 6.9 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 6.3 27 -9 4.8 -2.2
IWD iShares Russell 1000 Value ETF 6.3 19 -1 6.8 -0.2
ARKW ARK Web x.0 ETF 6.3 76 -58 -0.8 -7.8
OEF iShares S&P 100 ETF 6.2 20 -2 4.6 -2.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.2 47 -29 6.3 -0.6
ECOZ TrueMark ESG Active Opportunities ETF 6.1 58 -40 3.9 -3.1
JOYY Infusive Compounding Global Equities ETF 6.0 50 -32 3.6 -3.4
ESGV Vanguard ESG U.S. Stock ETF 6.0 12 6 4.9 -2.0
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 6.0 49 -31 5.0 -2.0
BKLC BNY Mellon US Large Cap Core Equity ETF 6.0 0 18 4.9 -2.0
IYK iShares U.S. Consumer Goods ETF 6.0 42 -24 5.1 -1.9
PBP Invesco S&P 500 BuyWrite ETF 5.9 49 -31 4.8 -2.1
VUSE Vident Core US Equity Fund 5.9 48 -30 7.5 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 5.9 27 -9 5.1 -1.9
IYY iShares Dow Jones U.S. ETF 5.9 20 -2 5.0 -2.0
HSPX Global X S&P 500 Covered Call ETF 5.9 65 -47 4.7 -2.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 5.9 20 -2 5.1 -1.8
SCHK Schwab 1000 Index ETF 5.9 5 13 5.1 -1.9
IWL iShares Russell Top 200 ETF 5.9 15 3 4.8 -2.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 5.9 25 -7 6.3 -0.7
SCHX Schwab U.S. Large-Cap ETF 5.9 3 15 5.1 -1.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 5.9 20 -2 4.7 -2.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 5.9 7 11 5.0 -2.0
VEGN US Vegan Climate ETF 5.9 60 -42 5.0 -2.0
RBUS Nationwide Risk-Based U.S. Equity ETF 5.9 30 -12 4.6 -2.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 5.9 2 16 5.1 -1.9
FDMO Fidelity Momentum Factor ETF 5.9 29 -11 3.7 -3.3
IQSU IQ Candriam ESG US Equity ETF 5.8 9 9 4.9 -2.1
PBUS Invesco PureBeta MSCI USA ETF 5.8 4 14 5.1 -1.9
SCHB Schwab U.S. Broad Market ETF 5.8 3 15 5.0 -1.9
ESGU iShares MSCI USA ESG Optimized ETF 5.8 15 3 4.9 -2.1
CATH Global X S&P 500 Catholic Values Custom ETF 5.8 29 -11 5.0 -2.0
SPY SPDR S&P 500 ETF Trust 5.8 9 9 5.2 -1.8
VV Vanguard Large-Cap Index Fund 5.8 4 14 5.0 -1.9
IVV iShares Core S&P 500 ETF 5.8 4 14 5.2 -1.8
MGC Vanguard Mega Cap Index Fund 5.8 7 11 5.0 -2.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 5.8 3 15 5.0 -2.0
SPLG SPDR Portfolio Large Cap ETF 5.8 3 15 5.2 -1.7
VONE Vanguard Russell 1000 ETF 5.8 8 10 5.0 -2.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 5.8 15 3 6.7 -0.3
IWB iShares Russell 1000 ETF 5.8 15 3 4.9 -2.0

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 Evolved U.S. Media & Entertainment 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 16.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.52
 
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.