iShares Evolved U.S. Technology ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
39.8x P/Sales
ratio
7.2x
P/BV
ratio
9.2x Div.
yield
0.6%


  • 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) $105
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 240
Wgt avg mkt cap (mns) $903,968
Large cap (>$10bn) 96.9%
Mid cap ($2-10bn) 2.6%
Small cap (<$2bn) 0.0%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
MICROSOFT CORP 14.8 %
APPLE INC 12.7 %
AMAZON.COM INC 6.8 %
FACEBOOK 5.3 %
ALPHABET INC. CLASS A 4.3 %
ALPHABET INC. CLASS C 4.1 %
NVIDIA CORP 2.8 %
VISA INC-CLASS A SHARES 2.2 %
ADOBE SYSTEMS INC 1.9 %
SALESFORCE.COM INC 1.9 %
Total 56.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
IRELAND 1.2 %
ARGENTINA 0.5 %
BRITAIN 0.4 %
BERMUDA 0.3 %
SWITZERLAND 0.1 %
SINGAPORE 0.0 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
46.6% 46.6% -- -- 30.2%

Market Correlations
versus... Beta R-squared
S&P500 1.07 89%
MSCI EAFE 0.93 67%
MSCI Emg. Mkts. 0.74 52%

Technical Indicators
Recent close $48.76
30d moving avg. $47.02
Annualized volatility 22.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.9%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $143,821

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 3.4%


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 79.9 46 -28 3.3 -0.2
IYW iShares U.S. Technology ETF 72.9 43 -25 3.4 -0.1
FTEC Fidelity MSCI Information Technology Index ETF 68.6 8 10 3.9 +0.5
VGT Vanguard Information Technology Index Fund 68.5 10 8 3.9 +0.5
SCHG Schwab U.S. Large-Cap Growth ETF 66.2 4 14 3.2 -0.3
MGK Vanguard Mega Cap Growth ETF 65.6 7 11 3.6 +0.2
IWF iShares Russell 1000 Growth ETF 64.0 19 -1 3.4 0.0
VUG Vanguard Growth Index Fund 63.6 4 14 3.5 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 62.6 8 10 3.5 +0.1
IWY iShares Russell Top 200 Growth ETF 62.5 20 -2 3.6 +0.2
VOOG Vanguard S&P 500 Growth ETF 62.0 10 8 3.9 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 62.0 4 14 3.7 +0.2
IVW iShares S&P 500 Growth ETF 62.0 18 0 3.5 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 61.7 60 -42 3.2 -0.3
ESGV Vanguard ESG U.S. Stock ETF 61.2 12 6 4.5 +1.0
NUSI Nationwide Risk-Managed Income ETF 61.1 68 -50 3.1 -0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 60.9 60 -42 3.1 -0.3
IUSG iShares Core S&P US Growth ETF 60.2 4 14 3.7 +0.2
QQQM Invesco NASDAQ 100 ETF 60.1 15 3 3.5 +0.1
QQQ Invesco QQQ Trust 60.1 20 -2 3.5 +0.0
TMFC Motley Fool 100 Index ETF 59.6 50 -32 3.0 -0.4
XLK Technology Select Sector SPDR Fund 59.5 13 5 4.2 +0.8
IXN iShares Global Tech ETF 59.0 46 -28 3.7 +0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 58.0 21 -3 2.9 -0.6
XLG Invesco S&P 500 Top 50 ETF 55.4 20 -2 4.1 +0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 54.5 12 6 4.0 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 53.5 60 -42 3.6 +0.2
VEGN US Vegan Climate ETF 51.2 60 -42 3.9 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 50.3 49 -31 3.4 +0.0
TECB iShares US Tech Breakthrough Multisector ETF 49.9 40 -22 3.4 +0.0
HIPR Direxion High Growth ETF 47.7 40 -22 3.8 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 46.9 27 -9 4.3 +0.8
OEF iShares S&P 100 ETF 46.6 20 -2 4.2 +0.8
SYG SPDR MFS Systematic Growth Equity ETF 46.6 60 -42 3.4 +0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 46.3 0 18 4.5 +1.0
EFIV SPDR S&P 500 ESG ETF 46.0 10 8 4.6 +1.1
SNPE Xtrackers S&P 500 ESG ETF 46.0 10 8 4.6 +1.2
XVV iShares ESG Screened S&P 500 ETF 45.9 8 10 4.9 +1.4
IWL iShares Russell Top 200 ETF 45.4 15 3 4.4 +1.0
SPXN ProShares S&P 500 Ex-Financials ETF 44.9 27 -9 4.3 +0.9
IQSU IQ Candriam ESG US Equity ETF 44.9 9 9 4.5 +1.1
MGC Vanguard Mega Cap Index Fund 44.6 7 11 4.6 +1.2
SPMO Invesco S&P 500 Momentum ETF 44.6 13 5 3.8 +0.4
JKE iShares Morningstar Large-Cap Growth ETF 44.4 25 -7 2.2 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 43.4 7 11 4.5 +1.1
STLG iShares Factors US Growth Style ETF 43.3 25 -7 3.9 +0.5
PBUS Invesco PureBeta MSCI USA ETF 43.1 4 14 4.6 +1.2
DSI iShares MSCI KLD 400 Social ETF 43.0 25 -7 4.5 +1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.9 20 -2 4.8 +1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.8 20 -2 4.6 +1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 42.7 9 9 4.8 +1.4
PBP Invesco S&P 500 BuyWrite ETF 42.6 49 -31 4.3 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 42.5 2 16 4.6 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 42.2 29 -11 4.5 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 42.2 27 -9 4.6 +1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 42.2 60 -42 4.4 +1.0
SCHX Schwab U.S. Large-Cap ETF 42.2 3 15 4.5 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 42.0 15 3 4.4 +1.0
VV Vanguard Large-Cap Index Fund 41.7 4 14 4.6 +1.2
MTUM iShares MSCI USA Momentum Factor ETF 41.6 15 3 2.2 -1.2
VOO VANGUARD S&P 500 ETF 41.5 3 15 4.8 +1.4
SPY SPDR S&P 500 ETF Trust 41.4 9 9 4.7 +1.2
SPLG SPDR Portfolio Large Cap ETF 41.3 3 15 4.7 +1.3
SCHK Schwab 1000 Index ETF 41.3 5 13 4.6 +1.2
IVV iShares Core S&P 500 ETF 41.3 3 15 4.7 +1.3
IWB iShares Russell 1000 ETF 41.2 15 3 4.4 +1.0
IYY iShares Dow Jones U.S. ETF 41.1 20 -2 4.4 +1.0
JHMT John Hancock Multifactor Technology ETF 41.0 40 -22 3.9 +0.5
JCTR JPMorgan Carbon Transition U.S. Equity ETF 40.0 15 3 4.6 +1.2
SFY SoFi Select 500 ETF 40.0 0 18 4.5 +1.1
VTHR Vanguard Russell 3000 Index Fund 39.8 10 8 4.4 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 39.8 32 -14 4.4 +1.0
IOO iShares Global 100 ETF 39.6 40 -22 4.2 +0.8
SCHB Schwab U.S. Broad Market ETF 39.0 3 15 4.4 +1.0
IWV iShares Russell 3000 ETF 38.8 20 -2 4.3 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.8 3 15 4.4 +1.0
SPTM SPDR Portfolio Total Stock Market ETF 38.8 3 15 4.8 +1.4
USXF iShares ESG Advanced MSCI USA ETF 38.7 10 8 4.5 +1.1
VONE Vanguard Russell 1000 ETF 38.0 8 10 4.5 +1.1
VTI Vanguard Total Stock Market Index Fund 37.7 3 15 4.4 +1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.6 15 3 5.8 +2.4
NACP Impact Shares NAACP Minority Empowerment ETF 37.5 49 -31 4.7 +1.3
RECS Columbia Research Enhanced Core ETF 37.5 15 3 5.1 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 37.1 75 -57 3.5 +0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.0 10 8 4.8 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 37.0 10 8 4.8 +1.4
DFAU Dimensional US Core Equity Market ETF 36.7 12 6 4.7 +1.2
RESP WisdomTree US ESG Fund of Benef Interest 36.3 28 -10 5.0 +1.6
SUSA iShares MSCI USA ESG Select ETF 35.8 25 -7 4.2 +0.8
PLAT WisdomTree Modern Tech Platforms Fund 35.4 20 -2 1.6 -1.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 34.9 30 -12 5.2 +1.8
LRGE ClearBridge Large Cap Growth ESG ETF 34.9 59 -41 3.3 -0.2
FDMO Fidelity Momentum Factor ETF 34.8 29 -11 2.4 -1.0
QLC FlexShares US Quality Large Cap Index Fund 34.7 32 -14 4.4 +1.0
SYE SPDR MFS Systematic Core Equity ETF 34.6 60 -42 4.7 +1.3
JHML John Hancock Multifactor Large Cap ETF 34.5 29 -11 4.8 +1.4
NULG Nuveen ESG Large-Cap Growth ETF 34.2 35 -17 2.9 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.2 19 -1 5.3 +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 27.2 %
Divided by: Fwd. P/BV 7.6 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.49
 
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.