iShares Core S&P MidCap
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.7x P/Sales
ratio
1.3x
P/BV
ratio
2.2x Div.
yield
1.8%


  • 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 26, 2000
Assets (mns) $52,507
Currency USD
Expense ratio 7 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 401
Wgt avg mkt cap (mns) $6,018
Large cap (>$10bn) 11.9%
Mid cap ($2-10bn) 84.4%
Small cap (<$2bn) 3.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ZEBRA TECHNOLOGIES CORP-CL A 0.8 %
TELEDYNE TECHNOLOGIES INC 0.7 %
DOMINO'S PIZZA INC 0.6 %
OLD DOMINION FREIGHT LINE 0.6 %
ALLEGHANY CORP 0.6 %
TYLER TECHNOLOGIES INC 0.6 %
WEST PHARMACEUTICAL SERVICES 0.6 %
TERADYNE INC 0.6 %
CAMDEN PROPERTY TRUST 0.6 %
MEDICAL PROPERTIES TRUST INC 0.6 %
Total 6.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
BRITAIN 0.7 %
BERMUDA 0.7 %
SWITZERLAND 0.2 %
NETHERLANDS 0.1 %
IRELAND 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
22.6% 8.8% 8.5% 13.0% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.14 88%
MSCI EAFE 1.02 59%
MSCI Emg. Mkts. 0.69 43%

Technical Indicators
Recent close $201.60
30d moving avg. $199.46
Annualized volatility 14.6%
Short interest (ETF) 0.8%
Short interest (Underlying) 5.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 682
Turnover 0.3%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $16,541

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Core S&P MidCap 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: 7 bp ALTAR Score™: 6.2%


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 S&P MidCap 400 SPDR 98.4 24 -17 6.0 -0.2
IVOO Vanguard S&P Mid-Cap 400 97.6 15 -8 6.2 -0.1
EWMC Invesco S&P Mid Cap 400 Equal Weight 79.3 40 -33 6.6 +0.3
SPMD SPDR Portfolio Mid Cap 69.3 5 2 6.1 -0.2
IJK iShares S&P MidCap 400 Growth 64.7 24 -17 4.9 -1.3
MDYG SPDR S&P400 Mid Cap Growth 64.6 15 -8 5.0 -1.2
IJJ iShares S&P MidCap 400 Value 64.3 25 -18 7.3 +1.1
IVOG Vanguard S&P Mid-Cap 400 Growth 64.2 20 -13 5.0 -1.3
MDYV SPDR S&P400 Mid Cap Value 64.0 15 -8 7.4 +1.2
IVOV Vanguard S&P Mid-Cap 400 Value 63.8 20 -13 7.3 +1.1
RWK Invesco S&P MidCap 400 Revenue ETF 55.7 39 -32 7.6 +1.4
EZM WisdomTree Midcap Earnings 50.3 38 -31 7.7 +1.4
SFYX SoFi Next 500 48.5 0 7 5.6 -0.6
VBR Vanguard Small-Cap Value ETF 48.4 7 0 7.6 +1.4
VB Vanguard Smallcap ETF 42.8 5 2 5.5 -0.8
RNMC First Trust Mid Cap US Equity Select 42.1 60 -53 6.6 +0.4
JHSC John Hancock Multifactor Small Cap 41.3 50 -43 5.6 -0.6
SCHM Schwab US Mid Cap 41.0 4 3 6.3 +0.0
FNX First Trust Mid Cap Core Alpadex 40.4 62 -55 6.5 +0.3
FSMD Fidelity Small-Mid Factor ETF 39.9 29 -22 6.4 +0.1

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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 MidCap
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.56
 
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.