iShares Expanded Tech-Software ETF
ALTAR
Score™
2.2% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
48.2x P/Sales
ratio
10.2x
P/BV
ratio
10.9x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Expanded Tech-Software Sector ETF seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 10, 2001
Assets (mns) $5,716
Currency USD
Expense ratio 46 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $204,624
Large cap (>$10bn) 85.2%
Mid cap ($2-10bn) 12.8%
Small cap (<$2bn) 1.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 7.9 %
ADOBE SYSTEMS INC 7.6 %
SALESFORCE.COM INC 7.6 %
ORACLE CORP 6.1 %
SERVICENOW INC 5.5 %
INTUIT INC 5.0 %
ZOOM VIDEO COMMUNICATIONS, INC. CL 4.7 %
ACTIVISION BLIZZARD INC 3.3 %
AUTODESK INC 3.2 %
DOCUSIGN, INC. 2.3 %
Total 53.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.9 %
CANADA 1.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.5% 42.6% 24.6% 19.0% 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 78%
MSCI EAFE 1.02 63%
MSCI Emg. Mkts. 0.68 44%

Technical Indicators
Recent close $336.21
30d moving avg. $322.35
Annualized volatility 20.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 693
Turnover 4.1%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $24,270

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Expanded Tech-Software ETF ETF based on the alternatives' overlap in portfolio holdings with IGV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IGV Expense: 46 bp ALTAR Score™: 2.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGV
Ticker Fund
Name
Overlap1
vs IGV
(%)
Expense
ratio
(bp)
Savings
vs IGV
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGV
(%)
XSW SPDR S&P Software & Services ETF 35.0 35 11 4.0 +1.9
JHMT John Hancock Multifactor Technology ETF 34.1 40 6 4.3 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 28.9 40 6 3.8 +1.7
SKYY First Trust Cloud Computing ETF 28.7 60 -14 2.0 -0.2
IYW iShares U.S. Technology ETF 27.0 43 3 3.6 +1.5
FXL First Trust Technology AlphaDEX Fund 26.6 61 -15 3.6 +1.5
OGIG O'Shares Global Internet Giants ETF 25.1 48 -2 0.7 -1.5
AIQ Global X Future Analytics Tech ETF 25.0 68 -22 3.7 +1.6
FTEC Fidelity MSCI Information Technology Index ETF 24.8 8 38 4.2 +2.0
VGT Vanguard Information Technology Index Fund 24.6 10 36 4.2 +2.0
IGM iShares Expanded Tech Sector ETF 24.4 46 0 3.5 +1.4
JKH iShares Morningstar Mid-Cap Growth ETF 24.3 30 16 1.9 -0.3
PSJ Invesco Dynamic Software ETF 23.6 56 -10 11.0 +8.9
IETC iShares Evolved U.S. Technology ETF 23.6 18 28 3.6 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 22.6 75 -29 3.9 +1.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 22.0 57 -11 4.5 +2.4
PNQI Invesco NASDAQ Internet ETF 21.7 60 -14 1.1 -1.0
SYG SPDR MFS Systematic Growth Equity ETF 21.6 60 -14 4.0 +1.8
XITK SPDR FactSet Innovative Technology ETF 21.3 45 1 0.4 -1.7
PTF Invesco DWA Technology Momentum ETF 20.1 60 -14 -0.8 -3.0
XLK Technology Select Sector SPDR Fund 20.0 13 33 4.5 +2.3
XNTK SPDR NYSE Technology ETF 20.0 35 11 3.2 +1.0
NULG Nuveen ESG Large-Cap Growth ETF 20.0 35 11 3.5 +1.3
QGRO American Century STOXX U.S. Quality Growth ETF 19.7 29 17 3.1 +0.9
FDN First Trust Dow Jones Internet Index Fund 19.4 52 -6 1.8 -0.4
WFH Direxion Work From Home ETF 19.3 45 1 5.1 +3.0
IWFH iShares Virtual Work and Life Multisector ETF 19.2 47 -1 0.8 -1.3
FTC First Trust Large Cap Growth AlphaDEX Fund 18.9 61 -15 2.3 +0.2
JKE iShares Morningstar Large-Cap Growth ETF 18.7 25 21 2.8 +0.7
MMLG First Trust Multi-Manager Large Growth ETF 18.2 85 -39 2.0 -0.2
IWP iShares Russell Mid-Cap Growth ETF 18.1 24 22 2.8 +0.6
STLG iShares Factors US Growth Style ETF 17.9 25 21 4.1 +1.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 17.9 65 -19 2.4 +0.3
THNQ ROBO Global Artificial Intelligence ETF 17.6 68 -22 1.5 -0.7
IXN iShares Global Tech ETF 17.4 46 0 4.1 +2.0
RYT Invesco S&P 500 Equal Weight Technology ETF 17.1 40 6 6.0 +3.9
CLOU Global X Cloud Computing ETF 17.0 68 -22 0.5 -1.7
SCHG Schwab U.S. Large-Cap Growth ETF 16.9 4 42 3.3 +1.2
USMF WisdomTree U.S. Multifactor Fund 16.6 28 18 5.5 +3.4
IWF iShares Russell 1000 Growth ETF 16.4 19 27 3.6 +1.4
PWB Invesco Dynamic Large Cap Growth ETF 16.4 56 -10 3.2 +1.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 16.2 75 -29 2.3 +0.1
WCLD WisdomTree Cloud Computing Fund 16.2 45 1 7.8 +5.6
VONG Vanguard Russell 1000 Growth Index Fund 16.2 8 38 3.7 +1.5
DTEC ALPS Disruptive Technologies ETF 16.0 50 -4 2.9 +0.7
SPMO Invesco S&P 500 Momentum ETF 16.0 13 33 3.9 +1.8
LRGE ClearBridge Large Cap Growth ESG ETF 15.8 59 -13 3.5 +1.4
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.7 49 -3 4.6 +2.5
MTUM iShares MSCI USA Momentum Factor ETF 15.6 15 31 4.0 +1.8
TMFC Motley Fool 100 Index ETF 15.5 50 -4 3.2 +1.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.3 66 -20 2.0 -0.2
PLAT WisdomTree Modern Tech Platforms Fund 15.3 20 26 1.4 -0.8
CACG ClearBridge All Cap Growth ETF 15.3 54 -8 4.0 +1.8
FPX First Trust US IPO Index Fund 15.2 58 -12 1.3 -0.9
JMOM JPMorgan U.S. Momentum Factor ETF 15.2 12 34 3.2 +1.1
VUG Vanguard Growth Index Fund 15.2 4 42 3.7 +1.5
USXF iShares ESG Advanced MSCI USA ETF 15.0 10 36 4.6 +2.4
LCG Sterling Capital Focus Equity ETF 14.9 59 -13 2.4 +0.2
VBK Vanguard Small-Cap Growth Index Fund 14.8 7 39 2.0 -0.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 14.7 99 -53 1.4 -0.7
BOSS Global X Founder-Run Companies ETF 14.7 45 1 2.9 +0.8
QYLD Global X NASDAQ 100 Covered Call ETF 14.6 60 -14 3.3 +1.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 14.5 60 -14 3.3 +1.2
MGK Vanguard Mega Cap Growth ETF 14.5 7 39 3.8 +1.6
RPG Invesco S&P 500 Pure Growth ETF 14.4 35 11 4.1 +2.0
QQQM Invesco NASDAQ 100 ETF 14.4 15 31 3.7 +1.6
QQQ Invesco QQQ Trust 14.4 20 26 3.7 +1.5
SLT Pacer Salt High TruBeta US Market ETF 14.4 60 -14 3.0 +0.9
KOIN Innovation Shares NextGen Protocol ETF 14.3 95 -49 4.1 +1.9
NUSI Nationwide Risk-Managed Income ETF 14.3 68 -22 3.5 +1.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 14.3 59 -13 4.0 +1.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 14.3 35 11 4.2 +2.1
IWY iShares Russell Top 200 Growth ETF 14.3 20 26 3.7 +1.6
VOT Vanguard Mid-Cap Growth Index Fund 14.2 7 39 2.8 +0.7
GBGR Global Beta Momentum-Growth ETF 14.2 29 17 5.1 +2.9
CLRG IQ Chaikin U.S. Large Cap ETF 14.2 25 21 5.2 +3.0
DSI iShares MSCI KLD 400 Social ETF 14.1 25 21 4.7 +2.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 14.1 49 -3 3.9 +1.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 14.1 21 25 2.8 +0.7
FVL First Trust Value Line 100 Exchange-Traded Fund 14.1 70 -24 4.9 +2.7
NUMG Nuveen ESG Mid-Cap Growth ETF 14.0 40 6 2.0 -0.2
ANEW ProShares MSCI Transformational Changes ETF 13.8 45 1 3.1 +0.9
WUGI Esoterica NextG Economy ETF 13.6 75 -29 1.3 -0.9
VOOG Vanguard S&P 500 Growth ETF 13.5 10 36 4.1 +1.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 13.5 12 34 4.1 +2.0
ALFA AlphaClone Alternative Alpha ETF 13.4 65 -19 -0.5 -2.6
IUSG iShares Core S&P US Growth ETF 13.3 4 42 4.1 +2.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 13.3 50 -4 6.2 +4.1
STLC iShares Factors US Blend Style ETF 13.3 25 21 4.9 +2.8
IVW iShares S&P 500 Growth ETF 13.3 18 28 4.0 +1.8
SPYG SPDR Portfolio S&P 500 Growth ETF 13.3 4 42 4.1 +2.0
VEGN US Vegan Climate ETF 13.1 60 -14 4.7 +2.5
ESGV Vanguard ESG U.S. Stock ETF 12.9 12 34 4.7 +2.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 12.7 60 -14 3.8 +1.6
SUSL iShares ESG MSCI USA Leaders ETF 12.6 10 36 4.9 +2.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 12.6 10 36 4.9 +2.7
IQSU IQ Candriam ESG US Equity ETF 12.3 9 37 4.7 +2.6
SYE SPDR MFS Systematic Core Equity ETF 12.2 60 -14 5.3 +3.2
SPHQ Invesco S&P 500 Quality ETF 12.2 15 31 4.4 +2.2

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-Software ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.7 %
Divided by: Fwd. P/BV 9.1 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 2.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.