iShares Expanded Tech Sector ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
34.1x P/Sales
ratio
5.2x
P/BV
ratio
6.7x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
IGM tracks the performance of the S&P North American Expanded Technology Sector Index. The ETF holds large-cap technology stocks.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 13, 2001
Assets (mns) $2,499
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 297
Wgt avg mkt cap (mns) $600,997
Large cap (>$10bn) 93.9%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 9.5 %
MICROSOFT CORP 8.7 %
APPLE INC 8.7 %
FACEBOOK 5.9 %
ALPHABET INC. CLASS A 4.2 %
ALPHABET INC. CLASS C 4.0 %
VISA INC-CLASS A SHARES 3.3 %
MASTERCARD INC-CLASS A 2.6 %
NVIDIA CORP 2.6 %
INTEL CORP 2.5 %
Total 51.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
IRELAND 1.5 %
CANADA 1.5 %
BERMUDA 0.3 %
SWITZERLAND 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.
15.6% 30.2% 22.8% 20.0% 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.10 86%
MSCI EAFE 1.03 66%
MSCI Emg. Mkts. 0.77 58%

Technical Indicators
Recent close $294.03
30d moving avg. $274.64
Annualized volatility 20.1%
Short interest (ETF) 1.9%
Short interest (Underlying) 2.6%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 58
Turnover 0.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $134,538

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IGM Expense: 46 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGM
Ticker Fund
Name
Overlap1
vs IGM
(%)
Expense
ratio
(bp)
Savings
vs IGM
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGM
(%)
IETC iShares Evolved U.S. Technology ETF 80.1 18 28 3.7 0.0
FTEC Fidelity MSCI Information Technology Index ETF 68.4 8 38 4.5 +0.8
VGT Vanguard Information Technology Index Fund 68.4 10 36 4.4 +0.8
QYLD Global X NASDAQ 100 Covered Call ETF 67.9 60 -14 3.5 -0.2
NUSI Nationwide Risk-Managed Income ETF 67.6 68 -22 3.4 -0.3
QQQ Invesco QQQ Trust 65.5 20 26 3.7 +0.0
IYW iShares U.S. Technology ETF 64.7 42 4 3.9 +0.2
MGK Vanguard Mega Cap Growth ETF 60.5 7 39 4.0 +0.4
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 59.9 21 25 2.9 -0.8
IWF iShares Russell 1000 Growth ETF 59.5 19 27 4.1 +0.4
IWY iShares Russell Top 200 Growth ETF 59.4 20 26 4.0 +0.3
VUG Vanguard Growth Index Fund 58.6 4 42 4.0 +0.3
XLK Technology Select Sector SPDR Fund 58.5 13 33 4.6 +1.0
IXN iShares Global Tech ETF 58.5 46 0 4.4 +0.7
VONG Vanguard Russell 1000 Growth Index Fund 58.4 8 38 4.2 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 57.7 4 42 4.3 +0.6
IVW iShares S&P 500 Growth ETF 57.7 18 28 4.1 +0.4
VOOG Vanguard S&P 500 Growth ETF 57.6 10 36 4.2 +0.5
IUSG iShares Core S&P US Growth ETF 56.8 4 42 4.3 +0.6
SCHG Schwab U.S. Large-Cap Growth ETF 56.6 4 42 4.0 +0.4
TECB iShares US Tech Breakthrough Multisector ETF 56.4 40 6 3.9 +0.2
TMFC Motley Fool 100 Index ETF 55.2 50 -4 3.6 -0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 55.2 60 -14 4.3 +0.7
XLG Invesco S&P 500 Top 50 ETF 54.6 20 26 4.4 +0.7
VEGN US Vegan Climate ETF 54.4 60 -14 5.2 +1.5
OEF iShares S&P 100 ETF 49.4 20 26 4.8 +1.1
IQSU IQ Candriam ESG US Equity ETF 48.7 9 37 5.0 +1.4
JHMT John Hancock Multifactor Technology ETF 47.9 40 6 4.8 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 47.5 27 19 5.0 +1.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.4 49 -3 4.1 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 46.3 27 19 5.0 +1.3
SYG SPDR MFS Systematic Growth Equity ETF 45.9 60 -14 4.2 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 45.5 12 34 4.9 +1.2
IWL iShares Russell Top 200 ETF 44.9 15 31 5.0 +1.3
JKE iShares Morningstar Large-Cap Growth ETF 44.4 25 21 2.8 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 44.1 0 46 5.2 +1.5
SNPE Xtrackers S&P 500 ESG ETF 43.9 11 35 5.1 +1.4
ESGV Vanguard ESG U.S. Stock ETF 43.7 12 34 5.2 +1.5
LRGE ClearBridge Large Cap Growth ESG ETF 43.5 59 -13 3.7 +0.1
MGC Vanguard Mega Cap Index Fund 43.0 7 39 5.2 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 42.7 32 14 5.1 +1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.6 20 26 4.9 +1.3
DSI iShares MSCI KLD 400 Social ETF 42.2 25 21 5.1 +1.4
HIPR Direxion High Growth ETF 41.9 40 6 2.8 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 41.6 27 19 5.3 +1.6
PBP Invesco S&P 500 BuyWrite ETF 41.5 49 -3 5.0 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 41.3 20 26 5.4 +1.7
NACP Impact Shares NAACP Minority Empowerment ETF 41.2 75 -29 4.5 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 40.9 29 17 5.2 +1.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 40.9 7 39 5.2 +1.5
XNTK SPDR NYSE Technology ETF 40.7 35 11 3.5 -0.2
HSPX Global X S&P 500 Covered Call ETF 40.6 65 -19 4.9 +1.2
SPY SPDR S&P 500 ETF Trust 40.6 9 37 5.4 +1.7
VOO VANGUARD S&P 500 ETF 40.6 3 43 5.4 +1.8
SPLG SPDR Portfolio Large Cap ETF 40.5 3 43 5.4 +1.8
IVV iShares Core S&P 500 ETF 40.5 4 42 5.4 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 40.4 15 31 5.1 +1.4
SFYF SoFi 50 ETF 40.3 29 17 5.1 +1.4
PBUS Invesco PureBeta MSCI USA ETF 40.3 4 42 5.3 +1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 40.2 75 -29 3.7 +0.1
VV Vanguard Large-Cap Index Fund 39.8 4 42 5.3 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 39.8 2 44 5.3 +1.6
SCHX Schwab U.S. Large-Cap ETF 39.6 3 43 5.3 +1.6
MTUM iShares Edge MSCI USA Momentum Factor ETF 39.5 15 31 4.0 +0.4
SCHK Schwab 1000 Index ETF 39.3 5 41 5.3 +1.6
STLG iShares Factors US Growth Style ETF 39.1 25 21 3.6 -0.1
VONE Vanguard Russell 1000 ETF 39.0 8 38 5.3 +1.6
IWB iShares Russell 1000 ETF 38.9 15 31 5.2 +1.5
IYY iShares Dow Jones U.S. ETF 38.8 20 26 5.2 +1.5
SPTM SPDR Portfolio Total Stock Market ETF 38.7 3 43 5.5 +1.9
ADME Aptus Drawdown Managed Equity ETF 38.4 81 -35 3.5 -0.1
SFY SoFi Select 500 ETF 38.4 0 46 5.2 +1.5
EXT WisdomTree U.S. Total Earnings Fund 38.4 28 18 5.2 +1.6
AIQ Global X Future Analytics Tech ETF 37.9 68 -22 3.7 +0.0
SCHB Schwab U.S. Broad Market ETF 37.8 3 43 5.3 +1.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 37.8 9 37 5.5 +1.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.7 3 43 5.2 +1.5
VTHR Vanguard Russell 3000 Index Fund 37.6 10 36 5.2 +1.5
IWV iShares Russell 3000 ETF 37.5 20 26 5.1 +1.4
VTI Vanguard Total Stock Market Index Fund 37.4 3 43 5.2 +1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.4 15 31 6.2 +2.5
JOYY Infusive Compounding Global Equities ETF 37.4 50 -4 3.7 +0.0
GDAT Goldman Sachs Motif Data-Driven World Etf 37.2 50 -4 4.8 +1.1
RECS Columbia Research Enhanced Core ETF 37.0 15 31 5.7 +2.0
QUAL iShares MSCI Usa Quality Factor ETF 37.0 15 31 5.4 +1.8
IOO iShares Global 100 ETF 36.9 40 6 4.7 +1.0
RYT Invesco S&P 500 Equal Weight Technology ETF 36.8 40 6 6.7 +3.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 36.6 19 27 5.7 +2.0
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.5 12 34 4.8 +1.1
FVAL Fidelity Value Factor ETF 36.5 29 17 8.1 +4.4
SPMO Invesco S&P 500 Momentum ETF 36.1 13 33 4.3 +0.7
WOMN Impact Shares YWCA Women's Empowerment ETF 35.7 75 -29 4.5 +0.8
FDN First Trust Dow Jones Internet Index Fund 35.2 52 -6 2.1 -1.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.4 10 36 5.3 +1.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 34.3 50 -4 5.8 +2.1
SYE SPDR MFS Systematic Core Equity ETF 34.3 60 -14 5.6 +1.9
SUSL iShares ESG MSCI USA Leaders ETF 34.3 10 36 5.3 +1.6
CACG ClearBridge All Cap Growth ETF 33.8 54 -8 4.3 +0.6
SUSA iShares MSCI USA ESG Select ETF 33.8 25 21 4.8 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 33.7 12 34 5.3 +1.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Expanded Tech Sector 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 25.1 %
Divided by: Fwd. P/BV 6.1 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 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.