iShares North American Natural Resources ETF
ALTAR
Score™		 3.8% info Recommen-
dation		 NEUTRAL
2021E    2022E
P/E
ratio		 23.0x P/Sales
ratio		 1.3x
P/BV
ratio		 1.6x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P North American Natural Resources Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 22, 2001
Assets (mns) $371
Currency USD
Expense ratio 46 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 86
Wgt avg mkt cap (mns) $55,611
Large cap (>$10bn) 84.7%
Mid cap ($2-10bn) 13.7%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 11.0 %
CHEVRON CORP 9.5 %
CONOCOPHILLIPS 4.3 %
ENBRIDGE INC 4.2 %
FREEPORT-MCMORAN COPPER 3.5 %
NEWMONT MINING CORP 3.0 %
TRANSCANADA CORP 2.7 %
EOG RESOURCES INC 2.4 %
SCHLUMBERGER LTD 2.4 %
PHILLIPS 66 2.3 %
Total 45.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 75.3 %
CANADA 22.5 %
BRITAIN 1.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
14.5% 14.5% 3.0% -3.0% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.57 76%
MSCI EAFE 1.58 76%
MSCI Emg. Mkts. 1.36 69%

Technical Indicators
Recent close $26.66
30d moving avg. $25.50
Annualized volatility 33.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 229
Turnover 1.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $12,221

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares North American Natural Resources ETF ETF based on the alternatives' overlap in portfolio holdings with IGE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IGE Expense: 46 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGE
Ticker Fund
Name		 Overlap1
vs IGE
(%)		 Expense
ratio
(bp)		 Savings
vs IGE
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IGE
(%)
FENY Fidelity MSCI Energy Index ETF 55.4 8 38 3.4 -0.4
VDE Vanguard Energy Index Fund 55.4 10 36 3.4 -0.4
IYE iShares U.S. Energy ETF 54.1 42 4 3.4 -0.4
XLE Energy Select Sector SPDR Fund 51.1 12 34 3.7 -0.1
IXC iShares Global Energy ETF 48.4 46 0 5.0 +1.3
JHME John Hancock Multifactor Energy ETF 45.1 40 6 3.2 -0.6
FXN First Trust Energy AlphaDEX Fund 39.2 65 -19 2.6 -1.2
RYE Invesco S&P 500 Equal Weight Energy ETF 39.0 40 6 3.0 -0.8
FILL iShares MSCI Global Energy Producers ETF 38.7 39 7 5.3 +1.5
FTXN First Trust Nasdaq Oil & Gas ETF 38.0 60 -14 3.0 -0.8
NANR SPDR S&P North American Natural Resources ETF 36.5 35 11 3.7 -0.1
XOP SPDR S&P Oil & Gas Exploration & Production ETF 29.4 35 11 3.0 -0.8
HDV iShares Core High Dividend ETF 23.0 8 38 6.4 +2.6
GNR SPDR S&P Global Natural Resources ETF 22.8 40 6 5.6 +1.8
IEO iShares U.S. Oil & Gas Exploration & Production ETF 22.6 42 4 3.2 -0.6
EQRR ProShares Equities for Rising Rates ETF 22.3 35 11 5.6 +1.8
VAW Vanguard Materials Index Fund 21.6 10 36 5.0 +1.2
FMAT Fidelity MSCI Materials Index ETF 21.6 8 38 4.9 +1.1
JHMA John Hancock Multifactor Materials ETF 19.9 40 6 5.3 +1.5
HAP VanEck Vectors Natural Resources ETF 19.9 50 -4 5.0 +1.2
PXE Invesco Dynamic Energy Exploration & Production ETF 19.7 63 -17 3.2 -0.6
FCTR First Trust Lunt U.S. Factor Rotation ETF 19.2 65 -19 4.3 +0.5
PXI Invesco DWA Energy Momentum ETF 18.9 60 -14 -0.6 -4.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 18.2 46 0 5.4 +1.6
ALTL Pacer Lunt Large Cap Alternator ETF 17.9 60 -14 4.6 +0.8
SPHB Invesco S&P 500 High Beta ETF 17.8 25 21 4.9 +1.1
XLB Materials Select Sector SPDR Fund 16.6 12 34 4.5 +0.7
FRAK VanEck Vectors Unconventional Oil & Gas ETF 16.0 54 -8 2.1 -1.7
RTM Invesco S&P 500 Equal Weight Materials ETF 15.4 40 6 4.7 +0.9
SPYD SPDR S&P 500 High Dividend ETF 15.3 7 39 8.5 +4.7
EINC VanEck Vectors Energy Income ETF 14.8 45 1 5.2 +1.4
MAGA Point Bridge GOP Stock Tracker ETF 14.7 72 -26 5.2 +1.5
FCG First Trust Natural Gas ETF 14.6 60 -14 2.7 -1.1
GRES IQ Global Resources ETF 13.6 78 -32 5.9 +2.1
GBDV Global Beta Smart Income ETF 13.6 29 17 7.8 +4.0
JKI iShares Morningstar Mid-Cap Value ETF 13.3 30 16 6.9 +3.1
ONEY SPDR Russell 1000 Yield Focus ETF 12.0 20 26 6.3 +2.5
DVY iShares Select Dividend ETF 11.9 39 7 7.6 +3.8
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 11.6 49 -3 4.4 +0.6
SDOG ALPS Sector Dividend Dogs ETF 11.6 40 6 8.1 +4.4
VRAI Virtus Real Asset Income ETF 11.5 55 -9 7.0 +3.2
GDX VanEck Vectors Gold Miners ETF 11.3 52 -6 5.0 +1.2
SPVU Invesco S&P 500 Enhanced Value ETF 10.3 13 33 8.9 +5.2
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 10.3 30 16 7.7 +3.9
MXI iShares Global Materials ETF 10.2 45 1 5.0 +1.2
EQAL Invesco Russell 1000 Equal Weight ETF 10.1 20 26 5.0 +1.2
VOE Vanguard Mid-Cap Value Index Fund 10.1 7 39 6.3 +2.5
IUS Invesco Strategic US ETF 10.1 19 27 5.2 +1.4
SCHD Schwab U.S. Dividend Equity ETF 10.0 6 40 7.0 +3.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.9 39 7 7.9 +4.1
PEY Invesco High Yield Equity Dividend Achievers ETF 9.9 52 -6 7.8 +4.0
FDVV Fidelity Core Dividend ETF 9.8 29 17 6.1 +2.3
TPHD Timothy Plan High Dividend Stock ETF 9.7 52 -6 5.7 +1.9
VLU SPDR S&P 1500 Value Tilt ETF 9.7 12 34 5.9 +2.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 9.5 60 -14 4.3 +0.5
ESGS Columbia Sustainable U.S. Equity Income ETF 9.5 35 11 7.5 +3.7
JDIV JPMorgan U.S. Dividend ETF 9.0 12 34 6.5 +2.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 8.9 25 21 5.6 +1.8
RPV Invesco S&P 500 Pure Value ETF 8.7 35 11 9.1 +5.3
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 8.6 75 -29 6.0 +2.2
BLES Inspire Global Hope Large Cap ETF 8.6 52 -6 5.2 +1.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 8.6 7 39 6.5 +2.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 8.3 25 21 5.5 +1.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 8.3 29 17 5.5 +1.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 8.2 35 11 7.5 +3.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 8.2 35 11 7.6 +3.8
VFVA Vanguard U.S. Value Factor ETF 8.1 14 32 8.2 +4.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 8.0 63 -17 5.3 +1.5
SPDV AAM S&P 500 High Dividend Value ETF 8.0 29 17 7.8 +4.0
VOOV Vanguard S&P 500 Value ETF 8.0 10 36 6.2 +2.4
SYLD Cambria Shareholder Yield ETF 7.9 59 -13 6.7 +2.9
XME SPDR S&P Metals & Mining ETF 7.8 35 11 6.2 +2.4
PRF Invesco FTSE RAFI US 1000 ETF 7.7 39 7 5.7 +1.9
FOVL iShares Focused Value Factor ETF 7.7 25 21 7.4 +3.6
SDY SPDR S&P Dividend ETF 7.6 35 11 6.2 +2.4
VYM Vanguard High Dividend Yield Index ETF 7.6 6 40 6.8 +3.0
RWL Invesco S&P 500 Revenue ETF 7.6 39 7 6.1 +2.3
REVS Columbia Research Enhanced Value ETF 7.5 19 27 7.0 +3.2
IWS iShares Russell Mid-Cap Value ETF 7.4 24 22 5.6 +1.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 7.4 24 22 5.6 +1.8
IYM iShares U.S. Basic Materials ETF 7.3 43 3 4.4 +0.6
JMIN JPMorgan U.S. Minimum Volatility ETF 7.2 12 34 5.5 +1.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.2 18 28 5.8 +2.0
RSP Invesco S&P 500 Equal Weight ETF 7.1 20 26 5.4 +1.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 7.0 4 42 4.8 +1.0
VONV Vanguard Russell 1000 Value Index Fund 7.0 8 38 6.1 +2.3
GII SPDR S&P Global Infrastructure ETF 6.9 40 6 4.6 +0.8
FTA First Trust Large Cap Value AlphaDEX Fund 6.9 60 -14 7.2 +3.4
CRAK VanEck Vectors Oil Refiners ETF 6.8 60 -14 7.2 +3.4
VTV Vanguard Value Index Fund 6.8 4 42 6.6 +2.8
TPYP Tortoise North American Pipeline Fund 6.8 40 6 5.8 +2.0
MLPX Global X MLP & Energy Infrastructure ETF 6.8 45 1 4.8 +1.0
ENFR Alerian Energy Infrastructure ETF 6.8 65 -19 4.6 +0.8
USAI Pacer American Energy Independence ETF 6.8 75 -29 4.5 +0.7
JKL iShares Morningstar Small Cap Value ETF 6.8 30 16 6.9 +3.1
FXZ First Trust Materials AlphaDEX Fund 6.7 65 -19 6.3 +2.5
IGF iShares Global Infrastructure ETF 6.7 46 0 4.6 +0.8
BIBL Inspire ETF 6.7 35 11 4.4 +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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares North American Natural Resources 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 6.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 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.