iShares Core S&P Mid-Cap ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 25.3x P/Sales
ratio		 1.4x
P/BV
ratio		 2.1x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P MidCap 400 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. mid-cap stocks, as represented by the Standard & Poor's MidCap 400 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 22, 2000
Assets (mns) $45,138
Currency USD
Expense ratio 5 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 400
Wgt avg mkt cap (mns) $5,867
Large cap (>$10bn) 13.9%
Mid cap ($2-10bn) 80.9%
Small cap (<$2bn) 5.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MONOLITHIC POWER SYSTEMS INC 0.8 %
SOLAREDGE TECHNOLOGIES, INC. 0.8 %
GENERAC HOLDINGS INC 0.8 %
MASIMO CORPORATION 0.7 %
TRIMBLE NAVIGATION LTD 0.7 %
ENPHASE ENERGY INC 0.7 %
FACTSET RESEARCH SYSTEMS INC 0.7 %
MOLINA HEALTHCARE INC 0.7 %
FAIR ISAAC CORP 0.7 %
COGNEX CORP 0.7 %
Total 7.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
BERMUDA 1.1 %
IRELAND 0.6 %
BRITAIN 0.6 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.7% -2.4% 8.0% 10.4% 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.19 92%
MSCI EAFE 1.24 82%
MSCI Emg. Mkts. 0.90 68%

Technical Indicators
Recent close $194.06
30d moving avg. $191.99
Annualized volatility 22.1%
Short interest (ETF) 0.5%
Short interest (Underlying) 5.7%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 1,072
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $18,454

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Core S&P Mid-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with IJH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IJH Expense: 5 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJH
Ticker Fund
Name		 Overlap1
vs IJH
(%)		 Expense
ratio
(bp)		 Savings
vs IJH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IJH
(%)
MDY SPDR S&P Midcap 400 ETF Trust 99.7 23 -18 6.3 -0.2
SPMD SPDR Portfolio Mid Cap ETF 99.6 5 0 6.5 -0.0
IVOO Vanguard S&P Mid-Cap 400 ETF 95.3 10 -5 6.3 -0.2
EWMC Invesco S&P MidCap 400 Equal Weight ETF 77.3 40 -35 7.3 +0.7
IJK iShares S&P Mid-Cap 400 Growth ETF 71.1 24 -19 4.9 -1.6
MDYG SPDR S&P 400 Mid Cap Growth ETF 68.8 15 -10 5.0 -1.5
SMDY Syntax Stratified MidCap ETF 67.9 30 -25 6.7 +0.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 67.3 15 -10 4.9 -1.6
IJJ iShares S&P Mid-Cap 400 Value ETF 63.3 25 -20 8.3 +1.7
MDYV SPDR S&P 400 Mid Cap Value ETF 60.1 15 -10 8.4 +1.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 57.9 15 -10 8.3 +1.8
RWK Invesco S&P MidCap 400 Revenue ETF 57.0 39 -34 8.1 +1.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 51.8 7 -2 5.1 -1.4
EZM WisdomTree U.S. MidCap Earnings Fund 49.7 38 -33 8.7 +2.2
BKSE BNY Mellon US Small Cap Core Equity ETF 48.6 4 1 5.6 -0.9
VBR Vanguard Small Cap Value Index Fund 43.9 7 -2 8.0 +1.5
SFYX Sofi Next 500 ETF 43.1 0 5 5.8 -0.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 40.6 17 -12 4.8 -1.8
AFMC First Trust Active Factor Mid Cap ETF 40.6 65 -60 6.3 -0.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 40.6 6 -1 5.1 -1.4
RNMC Mid Cap US Equity Select ETF 40.1 60 -55 7.5 +1.0
SCHM Schwab U.S. Mid-Cap ETF 39.9 4 1 5.9 -0.6
FSMD Fidelity Small-Mid Factor ETF 39.8 29 -24 6.2 -0.3
FNX First Trust Mid Cap Core AlphaDEX Fund 39.2 61 -56 6.4 -0.1
VB Vanguard Small-Cap ETF 38.0 5 0 5.2 -1.3
DON WisdomTree U.S. MidCap Dividend Fund 35.5 38 -33 7.6 +1.1
SCHA Schwab U.S. Small-Cap ETF 35.2 4 1 4.7 -1.8
JHSC John Hancock Multifactor Small Cap ETF 34.8 42 -37 5.5 -1.0
VBK Vanguard Small-Cap Growth Index Fund 33.3 7 -2 2.2 -4.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 32.8 20 -15 9.2 +2.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 31.8 35 -30 3.9 -2.6
XMMO Invesco S&P MidCap Momentum ETF 30.9 34 -29 3.9 -2.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 30.3 25 -20 7.3 +0.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 30.2 29 -24 9.4 +2.9
IUSS Invesco Strategic US Small Company ETF 28.8 23 -18 5.2 -1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 27.8 80 -75 5.7 -0.8
NUSC Nuveen ESG Small-Cap ETF 27.6 40 -35 4.7 -1.8
VXF Vanguard Extended Market Index Fund 27.2 6 -1 3.5 -3.0
SMMD iShares Russell 2500 ETF 26.7 15 -10 5.7 -0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 26.4 70 -65 2.1 -4.5
FNK First Trust Mid Cap Value AlphaDEX Fund 25.9 70 -65 10.8 +4.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.3 24 -19 6.0 -0.5
XMLV Invesco S&P MidCap Low Volatility ETF 24.9 25 -20 5.5 -1.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 24.8 29 -24 6.8 +0.3
JHMM John Hancock Multifactor Mid Cap ETF 24.1 42 -37 5.5 -1.1
JKL iShares Morningstar Small Cap Value ETF 23.8 30 -25 10.0 +3.5
JKJ iShares Morningstar Small-Cap ETF 23.4 25 -20 6.4 -0.2
EQAL Invesco Russell 1000 Equal Weight ETF 22.7 20 -15 5.9 -0.6
IWM iShares Russell 2000 ETF 22.6 19 -14 3.3 -3.2
VTWO Vanguard Russell 2000 Index Fund 22.2 10 -5 3.5 -3.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.5 24 -19 6.5 -0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 20.9 20 -15 6.9 +0.3
EQWM Invesco S&P MidCap Quality ETF 20.4 25 -20 6.3 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 20.2 71 -66 9.6 +3.1
ONEO SPDR Russell 1000 Momentum Focus ETF 19.8 20 -15 6.3 -0.2
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 19.7 30 -25 5.5 -1.0
VFLQ Vanguard U.S. Liquidity Factor ETF 18.8 14 -9 4.2 -2.4
JKK iShares Morningstar Small-Cap Growth ETF 18.6 30 -25 1.0 -5.5
ONEY SPDR Russell 1000 Yield Focus ETF 18.4 20 -15 9.0 +2.5
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 18.0 20 -15 4.6 -1.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 17.9 20 -15 4.8 -1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 17.7 29 -24 5.0 -1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.2 17 -12 6.3 -0.2
VFMF Vanguard U.S. Multifactor ETF 17.0 19 -14 7.3 +0.8
IWS iShares Russell Mid-Cap Value ETF 17.0 24 -19 6.9 +0.4
TPLC Timothy Plan US Large Cap Core ETF 17.0 52 -47 5.3 -1.3
BFOR Barron's 400 ETF 16.9 65 -60 6.4 -0.1
AFSM First Trust Active Factor Small Cap ETF 16.9 75 -70 5.5 -1.1
STMB iShares Factors US Mid Blend Style ETF 16.8 30 -25 5.6 -0.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 16.6 39 -34 4.5 -2.0
TUSA First Trust Total US Market AlphaDEX ETF 16.4 70 -65 5.7 -0.9
VFQY Vanguard U.S. Quality Factor ETF 16.3 13 -8 6.3 -0.2
PXMV Invesco S&P MidCap Value with Momentum ETF 16.0 39 -34 9.6 +3.1
VFVA Vanguard U.S. Value Factor ETF 15.9 14 -9 11.0 +4.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 15.6 35 -30 5.4 -1.2
IWR iShares Russell Midcap ETF 15.5 19 -14 5.4 -1.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 15.4 48 -43 6.3 -0.3
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 15.1 41 -36 6.1 -0.4
VUSE Vident Core US Equity Fund 15.1 48 -43 9.0 +2.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 14.7 66 -61 2.3 -4.3
USMF WisdomTree U.S. Multifactor Fund 14.7 28 -23 5.8 -0.7
RFV Invesco S&P Midcap 400 Pure Value ETF 14.6 35 -30 9.4 +2.9
IWO iShares Russell 2000 Growth ETF 14.6 24 -19 -0.1 -6.7
JHMI John Hancock Multifactor Industrials ETF 14.4 40 -35 5.7 -0.8
IWN iShares Russell 2000 Value ETF 14.4 24 -19 6.8 +0.2
VTWG Vanguard Russell 2000 Growth Index Fund 14.2 15 -10 0.1 -6.4
STSB iShares Factors US Small Blend Style ETF 14.1 35 -30 3.6 -2.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.0 30 -25 7.5 +1.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 13.8 30 -25 5.5 -1.0
JVAL JPMorgan U.S. Value Factor ETF 13.7 12 -7 8.4 +1.9
VTWV Vanguard Russell 2000 Value Index Fund 13.7 15 -10 6.9 +0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 13.2 25 -20 6.2 -0.3
CZA Invesco Zacks Mid-Cap ETF 13.1 69 -64 6.0 -0.5
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 13.1 63 -58 6.1 -0.4
IWP iShares Russell Mid-Cap Growth ETF 12.8 24 -19 2.9 -3.7
AVUV Avantis U.S. Small Cap Value ETF 12.5 25 -20 8.0 +1.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.4 18 -13 6.1 -0.4
ETHO Etho Climate Leadership U.S. ETF 12.4 47 -42 4.3 -2.2
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.1 35 -30 5.7 -0.9
BUY USCF SummerHaven SHPEI Index Fund 12.1 80 -75 8.6 +2.0

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 Core S&P Mid-Cap ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.6 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 5 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 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.