iShares North American Natural Resources ETF
ALTAR
Score™
6.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.6x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
6.2%


  • 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 26, 2001
Assets (mns) $276
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 99
Wgt avg mkt cap (mns) $44,842
Large cap (>$10bn) 74.1%
Mid cap ($2-10bn) 22.6%
Small cap (<$2bn) 3.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 10.2 %
CHEVRON CORP 8.9 %
TRANSCANADA CORP 4.6 %
ENBRIDGE INC 4.4 %
NEWMONT MINING CORP 4.1 %
CONOCOPHILLIPS 3.7 %
BARRICK GOLD CORP 3.6 %
KINDER MORGAN INC 3.0 %
SUNCOR ENERGY INC 2.7 %
PHILLIPS 66 2.6 %
Total 47.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 71.4 %
CANADA 25.1 %
BRITAIN 0.3 %
SWITZERLAND 0.1 %
NETHERLANDS 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-44.1% -43.7% -12.4% -4.9% 3.7%

Market Correlations
versus... Beta R-squared
S&P500 1.51 72%
MSCI EAFE 1.59 78%
MSCI Emg. Mkts. 1.20 65%

Technical Indicators
Recent close $16.04
30d moving avg. $19.97
Annualized volatility 27.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.9%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 448
Turnover 2.6%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $16,527

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.4%


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 51.9 8 38 6.6 +0.2
VDE Vanguard Energy Index Fund 51.9 10 36 6.6 +0.1
IYE iShares U.S. Energy ETF 51.6 42 4 6.7 +0.2
XLE Energy Select Sector SPDR Fund 48.9 13 33 7.0 +0.6
JHME John Hancock Multifactor Energy ETF 47.4 40 6 6.9 +0.4
IXC iShares Global Energy ETF 41.3 46 0 7.8 +1.4
RYE Invesco S&P 500 Equal Weight Energy ETF 39.3 40 6 6.0 -0.5
FTXN First Trust Nasdaq Oil & Gas ETF 37.1 60 -14 7.7 +1.3
FXN First Trust Energy AlphaDEX Fund 35.4 65 -19 9.3 +2.8
NANR SPDR S&P North American Natural Resources ETF 34.5 35 11 5.7 -0.7
FILL iShares MSCI Global Energy Producers ETF 33.1 39 7 8.7 +2.2
XOP SPDR S&P Oil & Gas Exploration & Production ETF 28.0 35 11 6.9 +0.4
PXI Invesco DWA Energy Momentum ETF 27.4 60 -14 3.7 -2.8
HDV iShares Core High Dividend ETF 24.2 8 38 8.5 +2.1
FDL First Trust Morningstar Dividend Leaders Index Fund 22.0 45 1 11.3 +4.9
HAP VanEck Vectors Natural Resources ETF 21.4 50 -4 8.7 +2.3
IEO iShares U.S. Oil & Gas Exploration & Production ETF 20.9 42 4 7.0 +0.5
GNR SPDR S&P Global Natural Resources ETF 20.5 40 6 9.1 +2.6
VAW Vanguard Materials Index Fund 19.9 10 36 8.9 +2.4
FMAT Fidelity MSCI Materials Index ETF 19.9 8 38 8.8 +2.4
JHMA John Hancock Multifactor Materials ETF 18.5 40 6 9.2 +2.8
YMLP VanEck Vectors High Income MLP ETF 16.9 45 1 9.6 +3.1
GUNR Flexshares Morningstar Global Upstream Natural Resources 16.7 46 0 8.3 +1.9
RTM Invesco S&P 500 Equal Weight Materials ETF 14.8 40 6 8.8 +2.4
XLB Materials Select Sector SPDR Fund 14.8 13 33 8.4 +2.0
GDX VanEck Vectors Gold Miners ETF 14.3 52 -6 4.3 -2.2
MAGA Point Bridge GOP Stock Tracker ETF 14.2 72 -26 9.6 +3.2
FRAK VanEck Vectors Unconventional Oil & Gas ETF 14.1 54 -8 4.9 -1.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 14.1 39 7 15.3 +8.9
EQRR ProShares Equities for Rising Rates ETF 13.9 35 11 12.0 +5.6
FXZ First Trust Materials AlphaDEX Fund 13.0 65 -19 10.4 +3.9
PXE Invesco Dynamic Energy Exploration & Production ETF 12.8 63 -17 5.0 -1.5
DTN WisdomTree U.S. Dividend ex-Financials Fund 11.7 38 8 10.4 +4.0
SPYD SPDR S&P 500 High Dividend ETF 11.4 7 39 14.5 +8.1
EQAL Invesco Russell 1000 Equal Weight ETF 11.3 20 26 7.8 +1.3
SPVU Invesco S&P 500 Enhanced Value ETF 10.7 13 33 16.1 +9.7
RPV Invesco S&P 500 Pure Value ETF 10.5 35 11 17.7 +11.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 9.8 30 16 12.0 +5.6
SLT Salt TruBeta High Exposure ETF 9.7 29 17 12.4 +6.0
ONEY SPDR Russell 1000 Yield Focus ETF 9.6 20 26 12.2 +5.8
FDVV Fidelity Core Dividend ETF 9.4 29 17 9.9 +3.5
SDOG ALPS Sector Dividend Dogs ETF 9.3 40 6 14.2 +7.8
MXI iShares Global Materials ETF 9.2 46 0 8.7 +2.2
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 9.0 49 -3 11.4 +4.9
VOE Vanguard Mid-Cap Value Index Fund 8.9 7 39 10.9 +4.5
JKF iShares Morningstar Large Cap Value ETF 8.9 25 21 9.8 +3.4
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 8.8 35 11 11.6 +5.2
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 8.8 60 -14 9.2 +2.8
FTA First Trust Large Cap Value AlphaDEX Fund 8.7 60 -14 12.3 +5.9
SPHB Invesco S&P 500 High Beta ETF 8.7 25 21 11.7 +5.3
FOVL iShares Focused Value Factor ETF 8.6 25 21 14.3 +7.9
SFYF SoFi 50 ETF 8.6 29 17 8.5 +2.1
COWZ Pacer US Cash Cows 100 ETF 8.5 49 -3 13.8 +7.3
TPHD Timothy Plan High Dividend Stock ETF 8.5 52 -6 9.5 +3.1
DHS WisdomTree U.S. High Dividend Fund 8.5 38 8 10.7 +4.3
HLAL Wahed FTSE USA Shariah ETF 8.4 50 -4 6.3 -0.1
DVY iShares Select Dividend ETF 8.2 39 7 11.1 +4.6
LVUS Hartford Multifactor Low Volatility US Equity ETF 8.2 19 27 7.7 +1.3
USDY Pacific Global US Equity Income ETF 8.0 29 17 10.8 +4.3
DVOP Source Dividend Opportunity ETF 8.0 50 -4 11.5 +5.1
ESGS Columbia Sustainable U.S. Equity Income ETF 7.8 35 11 12.3 +5.9
QDIV Global X S&P 500 Quality Dividend ETF 7.7 20 26 11.0 +4.5
DJD Invesco Dow Jones Industrial Average Dividend ETF 7.6 7 39 8.6 +2.2
PRF Invesco FTSE RAFI US 1000 ETF 7.4 39 7 9.4 +3.0
OUSA O'Shares FTSE US Quality Dividend ETF 7.3 48 -2 7.2 +0.8
GRES IQ Global Resources ETF 7.3 77 -31 9.4 +2.9
FAB First Trust Multi Cap Value AlphaDEX Fund 7.1 71 -25 13.4 +7.0
PYZ Invesco DWA Basic Materials Momentum ETF 7.1 60 -14 7.6 +1.2
SCHD Schwab U.S. Dividend Equity ETF 7.1 6 40 9.5 +3.0
DIV Global X SuperDividend US ETF 7.1 45 1 15.3 +8.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.1 29 17 8.7 +2.3
CRAK VanEck Vectors Oil Refiners ETF 7.0 60 -14 19.3 +12.9
FCG First Trust Natural Gas ETF 7.0 60 -14 15.9 +9.5
SPDV AAM S&P 500 High Dividend Value ETF 7.0 29 17 14.8 +8.4
LVHD Legg Mason Low Volatility High Dividend ETF 7.0 27 19 8.9 +2.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 6.9 25 21 8.5 +2.1
ENFR Alerian Energy Infrastructure ETF 6.9 55 -9 9.0 +2.6
USAI Pacer American Energy Independence ETF 6.9 75 -29 7.0 +0.6
TPYP Tortoise North American Pipeline Fund 6.9 40 6 8.8 +2.4
MLPX Global X MLP & Energy Infrastructure ETF 6.9 45 1 8.5 +2.0
JDIV JPMorgan U.S. Dividend ETF 6.8 12 34 10.9 +4.5
JKI iShares Morningstar Mid-Cap Value ETF 6.7 30 16 13.6 +7.2
DEW WisdomTree Global High Dividend Fund 6.7 58 -12 11.7 +5.3
VONV Vanguard Russell 1000 Value Index Fund 6.7 8 38 9.5 +3.0
REVS Columbia Research Enhanced Value ETF 6.7 19 27 10.1 +3.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 6.6 25 21 8.6 +2.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.6 24 22 8.5 +2.0
IWS iShares Russell Mid-Cap Value ETF 6.5 24 22 10.1 +3.7
VFVA Vanguard U.S. Value Factor ETF 6.5 13 33 16.6 +10.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 6.5 19 27 8.5 +2.0
IWD iShares Russell 1000 Value ETF 6.5 19 27 9.4 +2.9
IWX iShares Russell Top 200 Value ETF 6.5 20 26 9.0 +2.6
FMK First Trust Mega Cap AlphaDEX Fund 6.5 70 -24 7.2 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 6.5 19 27 7.7 +1.3
BLES Inspire Global Hope Large Cap ETF 6.4 61 -15 8.5 +2.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 6.4 29 17 10.6 +4.2
DLN WisdomTree U.S. LargeCap Dividend Fund 6.3 28 18 8.3 +1.8
VO Vanguard Mid-Cap Index Fund 6.3 4 42 7.7 +1.3
YLDE ClearBridge Dividend Strategy ESG ETF 6.2 60 -14 6.3 -0.1
SYLD Cambria Shareholder Yield ETF 6.1 59 -13 15.4 +9.0

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 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 6.3 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.50
 
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.