iShares S&P Mid-Cap 400 Value ETF
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
2.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 24, 2000
Assets (mns) $4,300
Currency USD
Expense ratio 25 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 296
Wgt avg mkt cap (mns) $4,266
Large cap (>$10bn) 2.5%
Mid cap ($2-10bn) 86.6%
Small cap (<$2bn) 10.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MOLINA HEALTHCARE INC 1.5 %
MEDICAL PROPERTIES TRUST INC 1.4 %
XPO LOGISTICS INC 1.0 %
UGI CORP 0.9 %
CREE INC 0.9 %
OGE ENERGY CORP 0.9 %
AECOM TECHNOLOGY CORP 0.9 %
LEAR CORP 0.8 %
THOR INDUSTRIES INC 0.8 %
SIGNATURE BANK 0.8 %
Total 10.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.8 %
BRITAIN 1.2 %
BERMUDA 0.3 %
IRELAND 0.2 %
SWITZERLAND 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.1% -14.7% 2.5% 9.5% 9.0%

Market Correlations
versus... Beta R-squared
S&P500 1.34 89%
MSCI EAFE 1.37 82%
MSCI Emg. Mkts. 0.98 66%

Technical Indicators
Recent close $131.89
30d moving avg. $135.08
Annualized volatility 24.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.8%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 165
Turnover 0.5%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $19,407

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares S&P Mid-Cap 400 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IJJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IJJ Expense: 25 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJJ
Ticker Fund
Name
Overlap1
vs IJJ
(%)
Expense
ratio
(bp)
Savings
vs IJJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJJ
(%)
MDYV SPDR S&P 400 Mid Cap Value ETF 99.2 15 10 8.8 +0.1
IVOV Vanguard S&P Mid-Cap 400 Value ETF 95.9 15 10 8.7 +0.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 64.8 40 -15 7.3 -1.4
MDY SPDR S&P Midcap 400 ETF Trust 60.4 23 2 6.5 -2.2
IJH iShares Core S&P Mid-Cap ETF 60.3 6 19 6.7 -2.0
SPMD SPDR Portfolio Mid Cap ETF 60.3 5 20 6.7 -2.0
IVOO Vanguard S&P Mid-Cap 400 ETF 58.6 10 15 6.5 -2.1
RWK Invesco S&P MidCap 400 Revenue ETF 54.7 39 -14 8.2 -0.5
SMDY Syntax Stratified MidCap ETF 51.7 30 -5 6.4 -2.2
JKL iShares Morningstar Small Cap Value ETF 43.6 30 -5 10.5 +1.8
VBR Vanguard Small Cap Value Index Fund 41.1 7 18 8.5 -0.2
EZM WisdomTree U.S. MidCap Earnings Fund 40.7 38 -13 9.3 +0.7
JHSC John Hancock Multifactor Small Cap ETF 35.7 42 -17 6.0 -2.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 34.3 7 18 5.5 -3.1
BKSE BNY Mellon US Small Cap Core Equity ETF 32.4 4 21 5.7 -2.9
DON WisdomTree U.S. MidCap Dividend Fund 31.6 38 -13 7.8 -0.9
RFV Invesco S&P Midcap 400 Pure Value ETF 31.5 35 -10 10.8 +2.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 31.3 29 -4 9.9 +1.2
RNMC Mid Cap US Equity Select ETF 31.3 60 -35 7.8 -0.9
AFMC First Trust Active Factor Mid Cap ETF 30.9 65 -40 6.4 -2.3
FNK First Trust Mid Cap Value AlphaDEX Fund 30.0 70 -45 10.4 +1.7
IJK iShares S&P Mid-Cap 400 Growth ETF 28.7 24 1 4.9 -3.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 28.6 15 10 5.0 -3.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 27.6 15 10 5.0 -3.7
PXMV Invesco S&P MidCap Value with Momentum ETF 27.3 39 -14 10.3 +1.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 27.2 17 8 5.2 -3.5
VB Vanguard Small-Cap ETF 27.2 5 20 5.4 -3.3
FNX First Trust Mid Cap Core AlphaDEX Fund 27.1 61 -36 6.4 -2.2
JKJ iShares Morningstar Small-Cap ETF 26.6 25 0 6.8 -1.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 26.6 20 5 9.6 +0.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 26.3 6 19 5.4 -3.3
SFYX Sofi Next 500 ETF 25.9 0 25 6.0 -2.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 24.2 25 0 6.8 -1.9
SCHA Schwab U.S. Small-Cap ETF 24.1 4 21 4.7 -3.9
FSMD Fidelity Small-Mid Factor ETF 24.0 29 -4 7.1 -1.6
SCHM Schwab U.S. Mid-Cap ETF 23.6 4 21 6.3 -2.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 22.3 48 -23 5.8 -2.9
NUSC Nuveen ESG Small-Cap ETF 21.7 40 -15 5.4 -3.3
IUSS Invesco Strategic US Small Company ETF 21.7 23 2 5.5 -3.2
VXF Vanguard Extended Market Index Fund 20.0 7 18 3.8 -4.9
XMLV Invesco S&P MidCap Low Volatility ETF 20.0 25 0 5.6 -3.1
IWN iShares Russell 2000 Value ETF 18.2 24 1 7.4 -1.3
VTWV Vanguard Russell 2000 Value Index Fund 18.2 15 10 7.5 -1.2
PVAL Principal Contrarian Value Index ETF 17.7 29 -4 10.2 +1.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 17.5 80 -55 5.7 -3.0
ONEY SPDR Russell 1000 Yield Focus ETF 17.2 20 5 9.4 +0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 17.0 29 -4 6.8 -1.9
FAB First Trust Multi Cap Value AlphaDEX Fund 17.0 71 -46 9.7 +1.0
ISMD Inspire Small/Mid Cap Impact ETF 16.9 60 -35 6.6 -2.1
PSC Principal U.S. Small Cap Index ETF 16.7 38 -13 7.1 -1.5
EQAL Invesco Russell 1000 Equal Weight ETF 16.4 20 5 5.7 -2.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 16.2 24 1 6.2 -2.4
SMMD iShares Russell 2500 ETF 15.9 15 10 5.5 -3.2
AVUV Avantis U.S. Small Cap Value ETF 15.9 25 0 9.5 +0.8
EQWM Invesco S&P MidCap Quality ETF 15.6 25 0 6.5 -2.2
XMMO Invesco S&P MidCap Momentum ETF 15.5 39 -14 4.7 -4.0
VFVA Vanguard U.S. Value Factor ETF 15.4 14 11 11.7 +3.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.4 20 5 4.7 -3.9
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 15.2 40 -15 6.2 -2.4
IWS iShares Russell Mid-Cap Value ETF 15.0 24 1 7.3 -1.4
VUSE Vident Core US Equity Fund 14.9 48 -23 8.4 -0.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.7 30 -5 7.9 -0.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 14.5 20 5 7.1 -1.6
IWM iShares Russell 2000 ETF 14.4 19 6 3.7 -5.0
VFLQ Vanguard U.S. Liquidity Factor ETF 14.2 14 11 4.7 -3.9
VTWO Vanguard Russell 2000 Index Fund 14.1 10 15 3.7 -5.0
JHMM John Hancock Multifactor Mid Cap ETF 13.3 42 -17 5.8 -2.9
PMOM Principal Sustainable Momentum Index ETF 13.2 29 -4 9.1 +0.4
VBK Vanguard Small-Cap Growth Index Fund 13.2 7 18 2.4 -6.2
JDIV JPMorgan U.S. Dividend ETF 12.9 12 13 7.9 -0.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.8 29 -4 5.7 -3.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 12.6 35 -10 5.4 -3.3
FXO First Trust Financials AlphaDEX Fund 12.5 63 -38 11.8 +3.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 12.4 20 5 6.0 -2.6
KBE SPDR S&P Bank ETF 12.3 35 -10 11.7 +3.1
JVAL JPMorgan U.S. Value Factor ETF 12.2 12 13 8.8 +0.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 12.2 24 1 7.3 -1.4
KRE SPDR S&P Regional Banking ETF 12.1 35 -10 11.5 +2.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 12.1 60 -35 8.6 -0.1
AUSF Global X Adaptive U.S. Factor ETF 11.9 27 -2 8.0 -0.6
KBWR Invesco KBW Regional Banking ETF 11.7 35 -10 11.6 +2.9
DES WisdomTree U.S. SmallCap Dividend Fund 11.6 38 -13 8.8 +0.2
IAT iShares U.S. Regional Banks ETF 11.6 42 -17 11.2 +2.5
ONEO SPDR Russell 1000 Momentum Focus ETF 11.3 20 5 6.5 -2.2
TPHD Timothy Plan High Dividend Stock ETF 11.0 52 -27 7.7 -0.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 10.7 25 0 6.7 -2.0
IFRA iShares U.S. Infrastructure ETF 10.7 40 -15 6.1 -2.6
TUSA First Trust Total US Market AlphaDEX ETF 10.7 70 -45 6.0 -2.6
SDY SPDR S&P Dividend ETF 10.6 35 -10 7.0 -1.7
AFSM First Trust Active Factor Small Cap ETF 10.5 75 -50 5.7 -2.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 10.3 30 -5 6.0 -2.7
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 10.3 35 -10 8.4 -0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 10.0 17 8 6.4 -2.2
RNSC Small Cap US Equity Select ETF 10.0 60 -35 7.8 -0.9
IWR iShares Russell Midcap ETF 9.9 19 6 5.7 -3.0
IYR iShares U.S. Real Estate ETF 9.9 42 -17 6.5 -2.2
VFMF Vanguard U.S. Multifactor ETF 9.9 19 6 7.3 -1.4
VFQY Vanguard U.S. Quality Factor ETF 9.8 13 12 6.1 -2.6
FREL Fidelity MSCI Real Estate Index ETF 9.8 8 17 6.6 -2.0
USRT iShares Core U.S. REIT ETF 9.8 8 17 7.4 -1.3

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 S&P Mid-Cap 400 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.52
 
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.