iShares Expanded Tech Sector ETF
ALTAR
Score™
5.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
25.6x P/Sales
ratio
5.3x
P/BV
ratio
6.5x Div.
yield
0.9%


  • 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) $2,704
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 295
Wgt avg mkt cap (mns) $639,504
Large cap (>$10bn) 94.1%
Mid cap ($2-10bn) 4.8%
Small cap (<$2bn) 0.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 9.5 %
AMAZON.COM INC 8.7 %
MICROSOFT CORP 8.0 %
FACEBOOK 5.9 %
ALPHABET INC. CLASS A 3.8 %
ALPHABET INC. CLASS C 3.7 %
VISA INC-CLASS A SHARES 3.2 %
NVIDIA CORP 2.9 %
MASTERCARD INC-CLASS A 2.8 %
ADOBE SYSTEMS INC 2.2 %
Total 50.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.0 %
IRELAND 1.6 %
CANADA 1.3 %
SWITZERLAND 0.3 %
BERMUDA 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
35.5% 51.7% 27.2% 21.9% 10.6%

Market Correlations
versus... Beta R-squared
S&P500 1.10 86%
MSCI EAFE 1.06 67%
MSCI Emg. Mkts. 0.78 57%

Technical Indicators
Recent close $302.08
30d moving avg. $310.77
Annualized volatility 20.7%
Short interest (ETF) 2.8%
Short interest (Underlying) 2.6%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 70
Turnover 0.8%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $7,370

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™: 5.3%


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 78.1 18 28 5.9 +0.6
VGT Vanguard Information Technology Index Fund 68.1 10 36 8.0 +2.7
FTEC Fidelity MSCI Information Technology Index ETF 68.1 8 38 8.0 +2.7
IYW iShares U.S. Technology ETF 64.0 43 3 7.2 +1.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 63.4 60 -14 5.4 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 63.3 60 -14 5.5 +0.1
QQQ Invesco QQQ Trust 63.3 20 26 5.8 +0.5
NUSI Nationwide Risk-Managed Income ETF 63.0 68 -22 5.5 +0.2
MGK Vanguard Mega Cap Growth ETF 62.7 7 39 6.2 +0.8
IWF iShares Russell 1000 Growth ETF 58.9 19 27 5.6 +0.3
IWY iShares Russell Top 200 Growth ETF 58.5 20 26 6.1 +0.8
XLK Technology Select Sector SPDR Fund 58.4 13 33 8.7 +3.4
IXN iShares Global Tech ETF 58.4 46 0 7.1 +1.8
VUG Vanguard Growth Index Fund 57.8 4 42 5.6 +0.3
VOOG Vanguard S&P 500 Growth ETF 57.6 10 36 5.8 +0.5
VONG Vanguard Russell 1000 Growth Index Fund 57.5 8 38 5.7 +0.4
TECB iShares US Tech Breakthrough Multisector ETF 56.8 40 6 4.8 -0.6
IVW iShares S&P 500 Growth ETF 56.5 18 28 5.7 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 55.9 4 42 5.9 +0.6
IUSG iShares Core S&P US Growth ETF 55.6 4 42 5.8 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 54.7 60 -14 5.4 +0.1
TMFC Motley Fool 100 Index ETF 54.6 50 -4 5.2 -0.1
VEGN US Vegan Climate ETF 53.5 60 -14 5.8 +0.4
XLG Invesco S&P 500 Top 50 ETF 53.5 20 26 5.9 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 51.8 21 25 3.5 -1.8
SCHG Schwab U.S. Large-Cap Growth ETF 50.7 4 42 5.5 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 49.8 12 34 6.2 +0.9
GBGR Global Beta Momentum-Growth ETF 49.5 29 17 4.4 -0.9
OEF iShares S&P 100 ETF 48.5 20 26 5.9 +0.6
HIPR Direxion High Growth ETF 48.1 40 6 6.9 +1.5
JHMT John Hancock Multifactor Technology ETF 47.9 40 6 6.0 +0.7
SYG SPDR MFS Systematic Growth Equity ETF 47.2 60 -14 5.4 +0.1
IQSU IQ Candriam ESG US Equity ETF 46.9 9 37 6.2 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 46.2 27 19 5.8 +0.5
ESGV Vanguard ESG U.S. Stock ETF 46.1 12 34 5.9 +0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 45.3 49 -3 5.7 +0.4
SPXN ProShares S&P 500 Ex-Financials ETF 45.1 27 19 5.8 +0.5
IWL iShares Russell Top 200 ETF 44.0 15 31 5.8 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 43.8 0 46 6.0 +0.7
JKE iShares Morningstar Large-Cap Growth ETF 42.8 25 21 2.8 -2.5
SNPE Xtrackers S&P 500 ESG ETF 42.5 10 36 6.0 +0.7
MGC Vanguard Mega Cap Index Fund 42.2 7 39 6.0 +0.6
ESG FlexShares STOXX US ESG Impact Index Fund 41.9 32 14 5.7 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 41.4 20 26 5.7 +0.4
MMLG First Trust Multi-Manager Large Growth ETF 40.8 85 -39 2.6 -2.8
DSI iShares MSCI KLD 400 Social ETF 40.7 25 21 5.1 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 40.2 27 19 6.1 +0.7
STLG iShares Factors US Growth Style ETF 40.2 25 21 6.1 +0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 39.8 20 26 6.1 +0.8
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 39.8 7 39 6.0 +0.7
LRGE ClearBridge Large Cap Growth ESG ETF 39.6 59 -13 4.5 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 39.6 60 -14 5.7 +0.4
XNTK SPDR NYSE Technology ETF 39.6 35 11 4.1 -1.3
SPY SPDR S&P 500 ETF Trust 39.5 9 37 6.1 +0.7
PBP Invesco S&P 500 BuyWrite ETF 39.5 49 -3 5.7 +0.3
PBUS Invesco PureBeta MSCI USA ETF 39.4 4 42 6.0 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 39.2 15 31 5.8 +0.5
SPLG SPDR Portfolio Large Cap ETF 39.1 3 43 6.1 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 39.1 29 17 5.9 +0.6
HSPX Global X S&P 500 Covered Call ETF 39.1 60 -14 5.5 +0.2
SCHX Schwab U.S. Large-Cap ETF 38.9 3 43 5.9 +0.6
VOO VANGUARD S&P 500 ETF 38.9 3 43 6.1 +0.8
IVV iShares Core S&P 500 ETF 38.9 3 43 6.1 +0.8
PLAT WisdomTree Modern Tech Platforms Fund 38.6 20 26 1.8 -3.5
MTUM iShares Edge MSCI USA Momentum Factor ETF 38.5 15 31 5.1 -0.2
SCHK Schwab 1000 Index ETF 38.4 5 41 5.9 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 38.3 9 37 6.2 +0.9
IWB iShares Russell 1000 ETF 38.3 15 31 5.7 +0.4
VV Vanguard Large-Cap Index Fund 38.2 4 42 5.9 +0.6
IYY iShares Dow Jones U.S. ETF 38.2 20 26 5.8 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 38.0 75 -29 4.2 -1.2
SPTM SPDR Portfolio Total Stock Market ETF 37.7 3 43 6.2 +0.9
EXT WisdomTree U.S. Total Earnings Fund 37.7 28 18 6.1 +0.8
VONE Vanguard Russell 1000 ETF 37.6 8 38 5.8 +0.5
SFYF SoFi 50 ETF 37.5 29 17 2.7 -2.6
SFY SoFi Select 500 ETF 37.5 0 46 5.6 +0.3
SYE SPDR MFS Systematic Core Equity ETF 37.4 60 -14 6.6 +1.3
VTHR Vanguard Russell 3000 Index Fund 37.4 10 36 5.7 +0.3
SCHB Schwab U.S. Broad Market ETF 37.2 3 43 5.8 +0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.1 3 43 5.8 +0.4
SPQQ Siren Large Cap Blend Index ETF 37.0 20 26 5.3 0.0
NACP Impact Shares NAACP Minority Empowerment ETF 37.0 75 -29 5.7 +0.4
IWV iShares Russell 3000 ETF 36.7 20 26 5.6 +0.3
RECS Columbia Research Enhanced Core ETF 36.4 15 31 6.6 +1.2
RYT Invesco S&P 500 Equal Weight Technology ETF 36.4 40 6 7.0 +1.7
ADME Aptus Drawdown Managed Equity ETF 36.2 79 -33 4.3 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.1 15 31 7.1 +1.8
QUAL iShares MSCI Usa Quality Factor ETF 35.8 15 31 6.0 +0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 35.6 2 44 6.0 +0.7
AIQ Global X Future Analytics Tech ETF 35.6 68 -22 4.2 -1.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.5 19 27 6.8 +1.4
IOO iShares Global 100 ETF 35.5 40 6 6.1 +0.8
FDMO Fidelity Momentum Factor ETF 35.3 29 17 4.2 -1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 35.3 75 -29 5.1 -0.2
QLC FlexShares US Quality Large Cap Index Fund 35.2 32 14 6.0 +0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.2 12 34 5.1 -0.3
VTI Vanguard Total Stock Market Index Fund 35.2 3 43 5.7 +0.4
JOYY Infusive Compounding Global Equities ETF 35.1 50 -4 6.2 +0.9
GDAT Goldman Sachs Motif Data-Driven World Etf 34.9 50 -4 5.3 -0.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 33.5 50 -4 7.1 +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 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 32.1 %
Divided by: Fwd. P/BV 5.5 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.51
 
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.