iShares Evolved U.S. Technology ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.6x P/Sales
ratio
6.2x
P/BV
ratio
7.3x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Evolved US Technology ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the technology sector, according to an alternative classification system defined by machine learning algorithms.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2018
Assets (mns) $95
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 234
Wgt avg mkt cap (mns) $772,944
Large cap (>$10bn) 96.1%
Mid cap ($2-10bn) 3.6%
Small cap (<$2bn) 0.1%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
MICROSOFT CORP 14.6 %
APPLE INC 13.0 %
AMAZON.COM INC 7.3 %
FACEBOOK 4.7 %
ALPHABET INC. CLASS A 3.8 %
ALPHABET INC. CLASS C 3.7 %
NVIDIA CORP 3.1 %
VISA INC-CLASS A SHARES 2.5 %
SALESFORCE.COM INC 2.4 %
ADOBE SYSTEMS INC 2.4 %
Total 57.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
IRELAND 1.3 %
BRITAIN 0.4 %
ARGENTINA 0.3 %
BERMUDA 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
38.6% 55.3% -- -- 32.0%

Market Correlations
versus... Beta R-squared
S&P500 1.07 89%
MSCI EAFE 1.05 70%
MSCI Emg. Mkts. 0.74 54%

Technical Indicators
Recent close $41.48
30d moving avg. $42.56
Annualized volatility 21.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.9%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $11,536

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IETC Expense: 18 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IETC
Ticker Fund
Name
Overlap1
vs IETC
(%)
Expense
ratio
(bp)
Savings
vs IETC
(bp)
ALTAR
Score™
(%)
ALTAR
vs IETC
(%)
IGM iShares Expanded Tech Sector ETF 78.1 46 -28 5.3 -0.6
IYW iShares U.S. Technology ETF 70.5 43 -25 7.2 +1.3
VGT Vanguard Information Technology Index Fund 68.8 10 8 8.0 +2.1
FTEC Fidelity MSCI Information Technology Index ETF 68.8 8 10 8.0 +2.1
MGK Vanguard Mega Cap Growth ETF 67.6 7 11 6.2 +0.2
IWF iShares Russell 1000 Growth ETF 64.0 19 -1 5.6 -0.4
IWY iShares Russell Top 200 Growth ETF 64.0 20 -2 6.1 +0.2
QYLD Global X NASDAQ 100 Covered Call ETF 63.8 60 -42 5.5 -0.5
QQQ Invesco QQQ Trust 63.6 20 -2 5.8 -0.1
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 63.5 60 -42 5.4 -0.6
NUSI Nationwide Risk-Managed Income ETF 63.4 68 -50 5.5 -0.5
VONG Vanguard Russell 1000 Growth Index Fund 62.4 8 10 5.7 -0.3
VUG Vanguard Growth Index Fund 62.3 4 14 5.6 -0.3
VOOG Vanguard S&P 500 Growth ETF 61.7 10 8 5.8 -0.1
XLK Technology Select Sector SPDR Fund 60.7 13 5 8.7 +2.8
IVW iShares S&P 500 Growth ETF 60.4 18 0 5.7 -0.2
IXN iShares Global Tech ETF 60.3 46 -28 7.1 +1.2
SPYG SPDR Portfolio S&P 500 Growth ETF 59.7 4 14 5.9 -0.1
IUSG iShares Core S&P US Growth ETF 58.9 4 14 5.8 -0.1
TMFC Motley Fool 100 Index ETF 58.7 50 -32 5.2 -0.7
XLG Invesco S&P 500 Top 50 ETF 55.9 20 -2 5.9 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 55.6 60 -42 5.4 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 54.9 12 6 6.2 +0.3
VEGN US Vegan Climate ETF 54.7 60 -42 5.8 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 53.3 4 14 5.5 -0.4
TECB iShares US Tech Breakthrough Multisector ETF 52.4 40 -22 4.8 -1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 51.6 21 -3 3.5 -2.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 50.0 49 -31 5.7 -0.3
HIPR Direxion High Growth ETF 49.7 40 -22 6.9 +0.9
ESGV Vanguard ESG U.S. Stock ETF 49.5 12 6 5.9 -0.1
IQSU IQ Candriam ESG US Equity ETF 49.4 9 9 6.2 +0.3
OEF iShares S&P 100 ETF 48.9 20 -2 5.9 -0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 48.6 27 -9 5.8 -0.1
IWL iShares Russell Top 200 ETF 46.2 15 3 5.8 -0.1
GBGR Global Beta Momentum-Growth ETF 46.0 29 -11 4.4 -1.6
SPXN ProShares S&P 500 Ex-Financials ETF 45.7 27 -9 5.8 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 45.5 0 18 6.0 +0.1
SNPE Xtrackers S&P 500 ESG ETF 45.5 10 8 6.0 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 45.3 60 -42 5.4 -0.6
DSI iShares MSCI KLD 400 Social ETF 44.2 25 -7 5.1 -0.8
MGC Vanguard Mega Cap Index Fund 44.0 7 11 6.0 +0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 43.8 20 -2 5.7 -0.2
STLG iShares Factors US Growth Style ETF 43.6 25 -7 6.1 +0.2
JHMT John Hancock Multifactor Technology ETF 43.6 40 -22 6.0 +0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 43.5 7 11 6.0 +0.1
PBUS Invesco PureBeta MSCI USA ETF 43.3 4 14 6.0 +0.0
SPXE ProShares S&P 500 Ex-Energy ETF 43.0 27 -9 6.1 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 42.9 32 -14 5.7 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.7 20 -2 6.1 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 42.4 15 3 5.8 -0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 42.4 60 -42 5.7 -0.3
SPY SPDR S&P 500 ETF Trust 42.4 9 9 6.1 +0.1
PBP Invesco S&P 500 BuyWrite ETF 42.3 49 -31 5.7 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 42.1 29 -11 5.9 0.0
SCHX Schwab U.S. Large-Cap ETF 42.0 3 15 5.9 0.0
HSPX Global X S&P 500 Covered Call ETF 42.0 60 -42 5.5 -0.4
SPLG SPDR Portfolio Large Cap ETF 42.0 3 15 6.1 +0.2
VV Vanguard Large-Cap Index Fund 41.9 4 14 5.9 -0.1
IWB iShares Russell 1000 ETF 41.9 15 3 5.7 -0.2
VOO VANGUARD S&P 500 ETF 41.8 3 15 6.1 +0.2
IVV iShares Core S&P 500 ETF 41.7 3 15 6.1 +0.2
SCHK Schwab 1000 Index ETF 41.5 5 13 5.9 -0.0
IYY iShares Dow Jones U.S. ETF 41.3 20 -2 5.8 -0.2
VONE Vanguard Russell 1000 ETF 41.2 8 10 5.8 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.1 9 9 6.2 +0.3
JKE iShares Morningstar Large-Cap Growth ETF 40.8 25 -7 2.8 -3.1
SFY SoFi Select 500 ETF 40.7 0 18 5.6 -0.3
VTHR Vanguard Russell 3000 Index Fund 40.4 10 8 5.7 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 40.2 3 15 6.2 +0.2
IOO iShares Global 100 ETF 39.9 40 -22 6.1 +0.1
SCHB Schwab U.S. Broad Market ETF 39.8 3 15 5.8 -0.1
IWV iShares Russell 3000 ETF 39.8 20 -2 5.6 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 39.7 3 15 5.8 -0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.7 75 -57 4.2 -1.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 38.9 2 16 6.0 +0.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 38.8 15 3 5.1 -0.9
MMLG First Trust Multi-Manager Large Growth ETF 38.5 85 -67 2.6 -3.4
VTI Vanguard Total Stock Market Index Fund 38.2 3 15 5.7 -0.3
EXT WisdomTree U.S. Total Earnings Fund 37.8 28 -10 6.1 +0.2
NACP Impact Shares NAACP Minority Empowerment ETF 37.8 75 -57 5.7 -0.3
RECS Columbia Research Enhanced Core ETF 37.6 15 3 6.6 +0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.1 10 8 5.3 -0.6
SUSL iShares ESG MSCI USA Leaders ETF 37.1 10 8 5.3 -0.6
SYE SPDR MFS Systematic Core Equity ETF 36.8 60 -42 6.6 +0.7
WOMN Impact Shares YWCA Women's Empowerment ETF 36.4 75 -57 5.1 -0.8
PLAT WisdomTree Modern Tech Platforms Fund 36.2 20 -2 1.8 -4.1
LRGE ClearBridge Large Cap Growth ESG ETF 36.2 59 -41 4.5 -1.4
FDMO Fidelity Momentum Factor ETF 36.1 29 -11 4.2 -1.8
SFYF SoFi 50 ETF 34.9 29 -11 2.7 -3.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 34.7 15 3 7.1 +1.2
XNTK SPDR NYSE Technology ETF 34.5 35 -17 4.1 -1.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.4 19 -1 6.8 +0.8
QLC FlexShares US Quality Large Cap Index Fund 34.3 32 -14 6.0 +0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.1 12 6 5.1 -0.9
ADME Aptus Drawdown Managed Equity ETF 33.9 79 -61 4.3 -1.6
JOYY Infusive Compounding Global Equities ETF 33.9 50 -32 6.2 +0.2
JHML John Hancock Multifactor Large Cap ETF 33.8 29 -11 6.0 +0.1
SUSA iShares MSCI USA ESG Select ETF 33.6 25 -7 5.4 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 33.4 8 10 7.2 +1.3
SPQQ Siren Large Cap Blend Index ETF 33.3 20 -2 5.3 -0.6

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. Technology ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 37.5 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.36 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.