iShares Expanded Tech Sector ETF
ALTAR
Score™
3.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
37.1x P/Sales
ratio
6.0x
P/BV
ratio
7.8x Div.
yield
0.6%


  • 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) $3,119
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 318
Wgt avg mkt cap (mns) $733,691
Large cap (>$10bn) 94.2%
Mid cap ($2-10bn) 4.5%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.6 %
MICROSOFT CORP 8.4 %
AMAZON.COM INC 8.3 %
FACEBOOK 4.9 %
ALPHABET INC. CLASS A 4.1 %
ALPHABET INC. CLASS C 4.0 %
VISA INC-CLASS A SHARES 2.8 %
NVIDIA CORP 2.6 %
MASTERCARD INC-CLASS A 2.3 %
PAYPAL HOLDINGS INC 2.3 %
Total 48.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.9 %
IRELAND 1.4 %
CANADA 1.4 %
NETHERLANDS 0.4 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %
CAYMAN ISLANDS 0.0 %
BRITAIN 0.0 %
PUERTO RICO 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.
45.1% 45.1% 26.7% 20.1% 10.8%

Market Correlations
versus... Beta R-squared
S&P500 1.10 90%
MSCI EAFE 0.97 69%
MSCI Emg. Mkts. 0.78 57%

Technical Indicators
Recent close $344.65
30d moving avg. $345.43
Annualized volatility 21.8%
Short interest (ETF) 1.1%
Short interest (Underlying) 2.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 37
Turnover 0.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $131,976

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 3.4%


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 77.0 18 28 3.6 +0.2
FTEC Fidelity MSCI Information Technology Index ETF 67.4 8 38 4.1 +0.6
VGT Vanguard Information Technology Index Fund 67.4 10 36 4.1 +0.6
IYW iShares U.S. Technology ETF 64.2 43 3 3.6 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 63.2 60 -14 3.2 -0.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 63.1 60 -14 3.2 -0.2
QQQM Invesco NASDAQ 100 ETF 63.1 15 31 3.7 +0.2
QQQ Invesco QQQ Trust 63.0 20 26 3.6 +0.2
NUSI Nationwide Risk-Managed Income ETF 62.9 68 -22 3.1 -0.3
MGK Vanguard Mega Cap Growth ETF 61.3 7 39 3.8 +0.4
SCHG Schwab U.S. Large-Cap Growth ETF 58.7 4 42 3.3 -0.1
IWY iShares Russell Top 200 Growth ETF 57.7 20 26 3.7 +0.3
VOOG Vanguard S&P 500 Growth ETF 57.6 10 36 4.1 +0.6
VUG Vanguard Growth Index Fund 57.4 4 42 3.6 +0.2
XLK Technology Select Sector SPDR Fund 57.0 13 33 4.4 +1.0
IXN iShares Global Tech ETF 57.0 46 0 3.9 +0.5
IWF iShares Russell 1000 Growth ETF 56.9 19 27 3.6 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 56.7 4 42 3.8 +0.4
IVW iShares S&P 500 Growth ETF 56.7 18 28 3.7 +0.2
VONG Vanguard Russell 1000 Growth Index Fund 55.9 8 38 3.7 +0.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 55.8 21 25 3.0 -0.5
ESGV Vanguard ESG U.S. Stock ETF 55.7 12 34 4.6 +1.1
IUSG iShares Core S&P US Growth ETF 55.6 4 42 3.8 +0.4
TMFC Motley Fool 100 Index ETF 53.4 50 -4 3.2 -0.3
XLG Invesco S&P 500 Top 50 ETF 52.0 20 26 4.2 +0.8
TECB iShares US Tech Breakthrough Multisector ETF 51.8 40 6 3.6 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 50.2 60 -14 3.7 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 49.4 12 34 4.1 +0.7
VEGN US Vegan Climate ETF 47.1 60 -14 4.1 +0.6
SPMO Invesco S&P 500 Momentum ETF 46.5 13 33 4.0 +0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 45.6 49 -3 3.5 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 45.4 60 -14 3.6 +0.2
HIPR Direxion High Growth ETF 45.4 40 6 4.0 +0.6
OEF iShares S&P 100 ETF 45.1 20 26 4.3 +0.9
JKE iShares Morningstar Large-Cap Growth ETF 44.4 25 21 2.3 -1.2
JHMT John Hancock Multifactor Technology ETF 44.2 40 6 4.1 +0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 44.0 27 19 4.4 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 43.6 27 19 4.5 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 42.8 0 46 4.6 +1.1
IWL iShares Russell Top 200 ETF 42.5 15 31 4.5 +1.1
EFIV SPDR S&P 500 ESG ETF 42.3 10 36 4.7 +1.2
SNPE Xtrackers S&P 500 ESG ETF 42.2 10 36 4.7 +1.2
MGC Vanguard Mega Cap Index Fund 41.9 7 39 4.7 +1.2
IQSU IQ Candriam ESG US Equity ETF 40.5 9 37 4.6 +1.2
DSI iShares MSCI KLD 400 Social ETF 40.4 25 21 4.7 +1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.7 20 26 4.7 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.4 20 26 4.9 +1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 39.3 15 31 5.8 +2.4
MTUM iShares MSCI USA Momentum Factor ETF 39.2 15 31 2.3 -1.1
PBP Invesco S&P 500 BuyWrite ETF 38.8 49 -3 4.4 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 38.8 27 19 4.7 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 38.7 29 17 4.7 +1.2
USXF iShares ESG Advanced MSCI USA ETF 38.7 10 36 4.6 +1.2
XYLG Global X S&P 500 Covered Call & Growth ETF 38.4 60 -14 4.4 +1.0
ESGU iShares MSCI USA ESG Optimized ETF 38.3 15 31 4.5 +1.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 38.2 7 39 4.6 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.2 9 37 4.9 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 38.1 32 14 4.6 +1.1
VOO VANGUARD S&P 500 ETF 38.1 3 43 4.9 +1.5
SPY SPDR S&P 500 ETF Trust 38.0 9 37 4.8 +1.3
SPLG SPDR Portfolio Large Cap ETF 37.9 3 43 4.8 +1.4
IVV iShares Core S&P 500 ETF 37.9 3 43 4.8 +1.4
PBUS Invesco PureBeta MSCI USA ETF 37.9 4 42 4.7 +1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 37.7 15 31 4.7 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 37.3 2 44 4.7 +1.3
STLG iShares Factors US Growth Style ETF 37.2 25 21 4.0 +0.6
SCHX Schwab U.S. Large-Cap ETF 37.1 3 43 4.6 +1.2
NACP Impact Shares NAACP Minority Empowerment ETF 36.9 49 -3 4.8 +1.3
LRGE ClearBridge Large Cap Growth ESG ETF 36.9 59 -13 3.4 -0.1
VV Vanguard Large-Cap Index Fund 36.8 4 42 4.7 +1.2
SCHK Schwab 1000 Index ETF 36.6 5 41 4.7 +1.2
XNTK SPDR NYSE Technology ETF 36.6 35 11 2.8 -0.6
RYT Invesco S&P 500 Equal Weight Technology ETF 36.3 40 6 5.8 +2.3
IYY iShares Dow Jones U.S. ETF 36.2 20 26 4.5 +1.1
IWB iShares Russell 1000 ETF 36.2 15 31 4.6 +1.1
SFY SoFi Select 500 ETF 36.0 0 46 4.6 +1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 35.9 75 -29 3.6 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 35.9 3 43 4.9 +1.4
RESP WisdomTree US ESG Fund of Benef Interest 35.6 28 18 5.2 +1.7
VTHR Vanguard Russell 3000 Index Fund 35.5 10 36 4.5 +1.0
RECS Columbia Research Enhanced Core ETF 35.3 15 31 5.2 +1.8
SPQQ Siren Large Cap Blend Index ETF 35.1 20 26 4.3 +0.9
ADME Aptus Drawdown Managed Equity ETF 35.1 79 -33 3.2 -0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.1 19 27 5.4 +1.9
QLC FlexShares US Quality Large Cap Index Fund 35.1 32 14 4.5 +1.1
IOO iShares Global 100 ETF 34.9 40 6 4.4 +0.9
SYE SPDR MFS Systematic Core Equity ETF 34.8 60 -14 4.9 +1.4
SCHB Schwab U.S. Broad Market ETF 34.8 3 43 4.5 +1.1
PLAT WisdomTree Modern Tech Platforms Fund 34.7 20 26 1.6 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.5 3 43 4.5 +1.0
MMLG First Trust Multi-Manager Large Growth ETF 34.5 85 -39 1.9 -1.6
IWV iShares Russell 3000 ETF 34.4 20 26 4.4 +0.9
SUSA iShares MSCI USA ESG Select ETF 34.4 25 21 4.3 +0.9
NULG Nuveen ESG Large-Cap Growth ETF 34.1 35 11 3.0 -0.4
DFAU Dimensional US Core Equity Market ETF 33.8 12 34 4.7 +1.3
VTI Vanguard Total Stock Market Index Fund 33.5 3 43 4.5 +1.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 33.5 75 -29 2.1 -1.4
QUAL iShares MSCI Usa Quality Factor ETF 33.4 15 31 5.1 +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 25.4 %
Divided by: Fwd. P/BV 6.5 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 3.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 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.