iShares U.S. Oil & Gas Exploration & Production ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
-40.2x P/Sales
ratio
0.8x
P/BV
ratio
0.9x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares U.S. Oil & Gas Exploration & Production ETF seeks to track the investment results of an index composed of U.S. equities in the oil and gas exploration and production sector.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 01, 2006
Assets (mns) $306
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 40
Wgt avg mkt cap (mns) $19,076
Large cap (>$10bn) 66.3%
Mid cap ($2-10bn) 28.5%
Small cap (<$2bn) 5.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CONOCOPHILLIPS 15.0 %
EOG RESOURCES INC 10.4 %
PHILLIPS 66 10.0 %
VALERO ENERGY CORP 5.8 %
CHENIERE ENERGY INC 5.4 %
PIONEER NATURAL RESOURCES CO 5.2 %
HESS CORP 5.0 %
MARATHON PETROLEUM 4.8 %
CONCHO RESOURCES INC 4.3 %
CABOT OIL & GAS CORP 3.6 %
Total 69.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










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.
-40.8% -38.6% -11.1% -3.1% -1.5%

Market Correlations
versus... Beta R-squared
S&P500 2.21 67%
MSCI EAFE 2.44 69%
MSCI Emg. Mkts. 1.74 58%

Technical Indicators
Recent close $33.97
30d moving avg. $32.92
Annualized volatility 46.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 313
Turnover 3.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $3,156

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IEO Expense: 42 bp ALTAR Score™: 3.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEO
Ticker Fund
Name
Overlap1
vs IEO
(%)
Expense
ratio
(bp)
Savings
vs IEO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEO
(%)
XOP SPDR S&P Oil & Gas Exploration & Production ETF 57.3 35 7 3.3 -0.1
JHME John Hancock Multifactor Energy ETF 57.0 40 2 3.7 +0.3
FRAK VanEck Vectors Unconventional Oil & Gas ETF 55.0 54 -12 1.5 -1.9
PXE Invesco Dynamic Energy Exploration & Production ETF 52.5 63 -21 0.9 -2.5
RYE Invesco S&P 500 Equal Weight Energy ETF 46.9 40 2 3.6 +0.2
FCG First Trust Natural Gas ETF 45.4 60 -18 3.6 +0.3
PXI Invesco DWA Energy Momentum ETF 43.4 60 -18 0.5 -2.9
FXN First Trust Energy AlphaDEX Fund 41.3 65 -23 2.5 -0.9
FTXN First Trust Nasdaq Oil & Gas ETF 37.3 60 -18 3.1 -0.3
FENY Fidelity MSCI Energy Index ETF 34.0 8 34 4.2 +0.8
IYE iShares U.S. Energy ETF 33.6 42 0 4.0 +0.6
XLE Energy Select Sector SPDR Fund 32.4 13 29 4.5 +1.2
VDE Vanguard Energy Index Fund 32.3 10 32 3.9 +0.5
IGE iShares North American Natural Resources ETF 21.0 46 -4 4.0 +0.6
CRAK VanEck Vectors Oil Refiners ETF 19.3 60 -18 12.3 +8.9
FILL iShares MSCI Global Energy Producers ETF 16.2 39 3 6.3 +3.0
IXC iShares Global Energy ETF 15.9 46 -4 5.9 +2.5
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 15.4 75 -33 3.1 -0.3
EQRR ProShares Equities for Rising Rates ETF 14.7 35 7 6.6 +3.2
NANR SPDR S&P North American Natural Resources ETF 14.3 35 7 3.4 +0.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 14.2 39 3 10.2 +6.8
PMOM Principal Sustainable Momentum Index ETF 13.2 29 13 8.3 +4.9
VSL Volshares Large Capital ETF 10.4 65 -23 2.7 -0.7
PVAL Principal Contrarian Value Index ETF 10.3 29 13 9.3 +5.9
SPHB Invesco S&P 500 High Beta ETF 9.1 25 17 8.7 +5.3
FTRI First Trust Indxx Global Natural Resources Income ETF 8.3 70 -28 8.8 +5.4
MAGA Point Bridge GOP Stock Tracker ETF 8.2 72 -30 6.1 +2.7
GBDV Global Beta Smart Income ETF 8.1 29 13 8.2 +4.8
ENFR Alerian Energy Infrastructure ETF 7.5 65 -23 4.8 +1.4
YMLP VanEck Vectors High Income MLP ETF 7.5 45 -3 4.7 +1.4
AVUV Avantis U.S. Small Cap Value ETF 7.4 25 17 8.0 +4.7
MLPX Global X MLP & Energy Infrastructure ETF 7.0 45 -3 3.2 -0.2
ONEY SPDR Russell 1000 Yield Focus ETF 6.7 20 22 8.8 +5.4
RPV Invesco S&P 500 Pure Value ETF 6.7 35 7 10.5 +7.1
TPYP Tortoise North American Pipeline Fund 6.6 40 2 5.6 +2.2
USAI Pacer American Energy Independence ETF 6.5 75 -33 3.3 -0.1
EQAL Invesco Russell 1000 Equal Weight ETF 5.8 20 22 5.4 +2.0
FCPI Fidelity Stocks for Inflation ETF 5.8 29 13 6.6 +3.2
SLT Salt TruBeta High Exposure ETF 5.7 29 13 8.7 +5.3
JKL iShares Morningstar Small Cap Value ETF 5.2 30 12 9.6 +6.3
QDIV Global X S&P 500 Quality Dividend ETF 5.2 20 22 7.3 +3.9
SPVU Invesco S&P 500 Enhanced Value ETF 4.9 13 29 11.0 +7.6
SYV SPDR MFS Systematic Value Equity ETF 4.8 60 -18 7.1 +3.8
SPYD SPDR S&P 500 High Dividend ETF 4.6 7 35 10.9 +7.5
FOVL iShares Focused Value Factor ETF 4.5 25 17 9.7 +6.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 4.3 29 13 7.6 +4.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 4.2 29 13 9.0 +5.7
FTA First Trust Large Cap Value AlphaDEX Fund 4.1 60 -18 8.9 +5.5
RFV Invesco S&P Midcap 400 Pure Value ETF 4.0 35 7 9.4 +6.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 3.9 24 18 5.9 +2.5
FAB First Trust Multi Cap Value AlphaDEX Fund 3.9 71 -29 9.4 +6.0
DON WisdomTree U.S. MidCap Dividend Fund 3.9 38 4 7.3 +4.0
HAP VanEck Vectors Natural Resources ETF 3.8 50 -8 5.9 +2.5
DVY iShares Select Dividend ETF 3.6 39 3 9.2 +5.8
IUS Invesco Strategic US ETF 3.6 19 23 6.2 +2.9
VRAI Virtus Real Asset Income ETF 3.6 55 -13 11.5 +8.1
SYLD Cambria Shareholder Yield ETF 3.4 59 -17 8.5 +5.1
EES WisdomTree SmallCap Earnings Fund 3.4 38 4 10.1 +6.7
VAMO Cambria Value & Momentum ETF 3.4 64 -22 6.3 +2.9
PY Principal Shareholder Yield Index ETF 3.3 29 13 8.8 +5.5
PSCE Invesco S&P SmallCap Energy ETF 3.3 29 13 -2.4 -5.8
GNR SPDR S&P Global Natural Resources ETF 3.3 40 2 6.3 +2.9
GUNR Flexshares Morningstar Global Upstream Natural Resources 3.3 46 -4 5.5 +2.1
VUSE Vident Core US Equity Fund 3.2 48 -6 8.4 +5.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 3.2 18 24 5.9 +2.6
AMZA InfraCap MLP ETF 3.2 241 -199 6.9 +3.6
JKI iShares Morningstar Mid-Cap Value ETF 3.2 30 12 8.6 +5.3
QSY WisdomTree U.S. LargeCap Value Fund 3.2 38 4 6.5 +3.1
USDY Pacific Global US Equity Income ETF 3.1 29 13 7.0 +3.6
EZM WisdomTree U.S. MidCap Earnings Fund 3.1 38 4 8.6 +5.2
JDIV JPMorgan U.S. Dividend ETF 3.1 12 30 7.5 +4.1
RWL Invesco S&P 500 Revenue ETF 3.0 39 3 6.8 +3.5
BLES Inspire Global Hope Large Cap ETF 2.9 52 -10 6.4 +3.0
VLU SPDR S&P 1500 Value Tilt ETF 2.9 12 30 7.0 +3.7
TPHD Timothy Plan High Dividend Stock ETF 2.9 52 -10 7.2 +3.8
CVY Invesco Zacks Multi-Asset Income ETF 2.9 97 -55 10.9 +7.5
MOAT VanEck Vectors Morningstar Wide Moat ETF 2.8 49 -7 6.2 +2.8
FNK First Trust Mid Cap Value AlphaDEX Fund 2.8 70 -28 10.3 +7.0
FYT First Trust Small Cap Value AlphaDEX Fund 2.7 72 -30 9.2 +5.9
TTFS AdvisorShares Wilshire Buyback ETF 2.7 91 -49 5.9 +2.6
RYJ Invesco Raymond James SB-1 Equity ETF 2.7 82 -40 3.8 +0.5
RSP Invesco S&P 500 Equal Weight ETF 2.6 20 22 6.4 +3.0
FEX First Trust Large Cap Core AlphaDEX Fund 2.6 60 -18 5.8 +2.4
GRES IQ Global Resources ETF 2.6 77 -35 7.2 +3.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 2.5 35 7 8.2 +4.9
STLV iShares Factors US Value Style ETF 2.5 25 17 6.7 +3.4
JMIN JPMorgan U.S. Minimum Volatility ETF 2.5 12 30 5.3 +1.9
IWS iShares Russell Mid-Cap Value ETF 2.4 24 18 6.8 +3.4
PLCY EventShares U.S. Legislative Opportunities ETF 2.4 75 -33 3.4 +0.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 2.4 29 13 4.6 +1.3
PRF Invesco FTSE RAFI US 1000 ETF 2.3 39 3 6.5 +3.1
PSC Principal U.S. Small Cap Index ETF 2.3 38 4 6.3 +2.9
AUSF Global X Adaptive U.S. Factor ETF 2.3 27 15 7.5 +4.2
HDV iShares Core High Dividend ETF 2.3 8 34 6.6 +3.2
GURU Global X Guru Index ETF 2.2 75 -33 3.8 +0.5
VFVA Vanguard U.S. Value Factor ETF 2.2 14 28 10.6 +7.2
USMF WisdomTree U.S. Multifactor Fund 2.2 28 14 5.3 +1.9
HLAL Wahed FTSE USA Shariah ETF 2.2 50 -8 4.3 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 2.2 25 17 6.1 +2.8

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. Oil & Gas Exploration & Production ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 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.