iShares Evolved U.S. Technology ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
35.6x P/Sales
ratio
6.1x
P/BV
ratio
7.7x Div.
yield
0.7%


  • 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) $60
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 227
Wgt avg mkt cap (mns) $749,270
Large cap (>$10bn) 96.6%
Mid cap ($2-10bn) 3.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
MICROSOFT CORP 17.4 %
APPLE INC 11.1 %
AMAZON.COM INC 8.7 %
FACEBOOK 5.5 %
ALPHABET INC. CLASS A 4.2 %
ALPHABET INC. CLASS C 4.0 %
NVIDIA CORP 2.6 %
VISA INC-CLASS A SHARES 2.4 %
ADOBE SYSTEMS INC 2.2 %
SALESFORCE.COM INC 2.0 %
Total 59.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
IRELAND 1.2 %
BRITAIN 0.4 %
ARGENTINA 0.3 %
BERMUDA 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
17.6% 33.1% -- -- 25.0%

Market Correlations
versus... Beta R-squared
S&P500 1.06 88%
MSCI EAFE 1.02 68%
MSCI Emg. Mkts. 0.74 55%

Technical Indicators
Recent close $40.33
30d moving avg. $37.41
Annualized volatility 21.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 38
Turnover 2.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $145,674

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™: 3.7%


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 80.1 46 -28 3.7 0.0
IYW iShares U.S. Technology ETF 70.5 42 -24 3.9 +0.2
FTEC Fidelity MSCI Information Technology Index ETF 67.8 8 10 4.5 +0.8
VGT Vanguard Information Technology Index Fund 67.6 10 8 4.4 +0.8
QYLD Global X NASDAQ 100 Covered Call ETF 67.0 60 -42 3.5 -0.2
NUSI Nationwide Risk-Managed Income ETF 66.7 68 -50 3.4 -0.3
MGK Vanguard Mega Cap Growth ETF 65.0 7 11 4.0 +0.4
IWF iShares Russell 1000 Growth ETF 64.9 19 -1 4.1 +0.4
QQQ Invesco QQQ Trust 64.9 20 -2 3.7 +0.0
IWY iShares Russell Top 200 Growth ETF 64.3 20 -2 4.0 +0.3
VUG Vanguard Growth Index Fund 63.6 4 14 4.0 +0.3
VOOG Vanguard S&P 500 Growth ETF 62.2 10 8 4.2 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 62.0 4 14 4.3 +0.6
IVW iShares S&P 500 Growth ETF 62.0 18 0 4.1 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 61.8 21 -3 2.9 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 61.3 8 10 4.2 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 60.6 4 14 4.0 +0.4
XLK Technology Select Sector SPDR Fund 60.2 13 5 4.6 +1.0
IXN iShares Global Tech ETF 60.1 46 -28 4.4 +0.7
IUSG iShares Core S&P US Growth ETF 60.1 4 14 4.3 +0.6
TMFC Motley Fool 100 Index ETF 58.6 50 -32 3.6 -0.1
XLG Invesco S&P 500 Top 50 ETF 57.5 20 -2 4.4 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 57.2 60 -42 4.3 +0.7
VEGN US Vegan Climate ETF 54.8 60 -42 5.2 +1.5
IQSU IQ Candriam ESG US Equity ETF 51.1 9 9 5.0 +1.4
TECB iShares US Tech Breakthrough Multisector ETF 50.8 40 -22 3.9 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 50.3 12 6 4.9 +1.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 50.1 49 -31 4.1 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 50.0 27 -9 5.0 +1.3
OEF iShares S&P 100 ETF 49.7 20 -2 4.8 +1.1
IWL iShares Russell Top 200 ETF 47.0 15 3 5.0 +1.3
SPXN ProShares S&P 500 Ex-Financials ETF 46.9 27 -9 5.0 +1.3
SNPE Xtrackers S&P 500 ESG ETF 46.9 11 7 5.1 +1.4
ESGV Vanguard ESG U.S. Stock ETF 46.8 12 6 5.2 +1.5
BKLC BNY Mellon US Large Cap Core Equity ETF 45.7 0 18 5.2 +1.5
DSI iShares MSCI KLD 400 Social ETF 45.5 25 -7 5.1 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.0 20 -2 4.9 +1.3
MGC Vanguard Mega Cap Index Fund 44.9 7 11 5.2 +1.5
SYG SPDR MFS Systematic Growth Equity ETF 44.8 60 -42 4.2 +0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 44.6 7 11 5.2 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 44.5 27 -9 5.3 +1.6
PBP Invesco S&P 500 BuyWrite ETF 44.4 49 -31 5.0 +1.3
PBUS Invesco PureBeta MSCI USA ETF 44.3 4 14 5.3 +1.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 44.2 20 -2 5.4 +1.7
CATH Global X S&P 500 Catholic Values Custom ETF 43.9 29 -11 5.2 +1.5
ESGU iShares MSCI USA ESG Optimized ETF 43.6 15 3 5.1 +1.4
HSPX Global X S&P 500 Covered Call ETF 43.6 65 -47 4.9 +1.2
SPY SPDR S&P 500 ETF Trust 43.5 9 9 5.4 +1.7
VV Vanguard Large-Cap Index Fund 43.5 4 14 5.3 +1.6
VOO VANGUARD S&P 500 ETF 43.5 3 15 5.4 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 43.5 32 -14 5.1 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 43.5 2 16 5.3 +1.6
SPLG SPDR Portfolio Large Cap ETF 43.5 3 15 5.4 +1.8
IVV iShares Core S&P 500 ETF 43.4 4 14 5.4 +1.7
HIPR Direxion High Growth ETF 43.2 40 -22 2.8 -0.9
SCHX Schwab U.S. Large-Cap ETF 42.8 3 15 5.3 +1.6
SCHK Schwab 1000 Index ETF 42.5 5 13 5.3 +1.6
IWB iShares Russell 1000 ETF 42.3 15 3 5.2 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 42.3 75 -57 4.5 +0.8
JHMT John Hancock Multifactor Technology ETF 42.3 40 -22 4.8 +1.1
VONE Vanguard Russell 1000 ETF 42.3 8 10 5.3 +1.6
STLG iShares Factors US Growth Style ETF 41.9 25 -7 3.6 -0.1
IYY iShares Dow Jones U.S. ETF 41.9 20 -2 5.2 +1.5
SFY SoFi Select 500 ETF 41.5 0 18 5.2 +1.5
JKE iShares Morningstar Large-Cap Growth ETF 41.4 25 -7 2.8 -0.9
IOO iShares Global 100 ETF 41.3 40 -22 4.7 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 41.0 3 15 5.5 +1.9
LRGE ClearBridge Large Cap Growth ESG ETF 40.9 59 -41 3.7 +0.1
SFYF SoFi 50 ETF 40.5 29 -11 5.1 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 40.5 75 -57 3.7 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 40.4 9 9 5.5 +1.9
SCHB Schwab U.S. Broad Market ETF 40.4 3 15 5.3 +1.6
VTHR Vanguard Russell 3000 Index Fund 40.3 10 8 5.2 +1.5
IWV iShares Russell 3000 ETF 40.3 20 -2 5.1 +1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 40.2 3 15 5.2 +1.5
VTI Vanguard Total Stock Market Index Fund 40.2 3 15 5.2 +1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 38.7 10 8 5.3 +1.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 38.6 15 3 4.0 +0.4
SUSL iShares ESG MSCI USA Leaders ETF 38.5 10 8 5.3 +1.6
RECS Columbia Research Enhanced Core ETF 38.0 15 3 5.7 +2.0
EXT WisdomTree U.S. Total Earnings Fund 37.7 28 -10 5.2 +1.6
SPMO Invesco S&P 500 Momentum ETF 37.2 13 5 4.3 +0.7
WOMN Impact Shares YWCA Women's Empowerment ETF 36.8 75 -57 4.5 +0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.1 15 3 6.2 +2.5
ADME Aptus Drawdown Managed Equity ETF 35.7 81 -63 3.5 -0.1
FVAL Fidelity Value Factor ETF 35.5 29 -11 8.1 +4.4
SYE SPDR MFS Systematic Core Equity ETF 35.3 60 -42 5.6 +1.9
JOYY Infusive Compounding Global Equities ETF 35.1 50 -32 3.7 +0.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.1 19 -1 5.7 +2.0
JHML John Hancock Multifactor Large Cap ETF 34.9 29 -11 5.6 +1.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.8 12 6 4.8 +1.1
GDAT Goldman Sachs Motif Data-Driven World Etf 34.6 50 -32 4.8 +1.1
XNTK SPDR NYSE Technology ETF 34.2 35 -17 3.5 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 34.1 8 10 6.6 +2.9
AIQ Global X Future Analytics Tech ETF 34.0 68 -50 3.7 +0.0
FDMO Fidelity Momentum Factor ETF 33.9 29 -11 3.8 +0.1
SUSA iShares MSCI USA ESG Select ETF 33.7 25 -7 4.8 +1.1
AVUS Avantis U.S. Equity ETF 33.5 15 3 5.8 +2.1
QUAL iShares MSCI Usa Quality Factor ETF 33.4 15 3 5.4 +1.8
FQAL Fidelity Quality Factor ETF 33.4 29 -11 5.5 +1.8

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 Evolved U.S. Technology 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 26.8 %
Divided by: Fwd. P/BV 6.9 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 3.7 %
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.