iShares S&P Mid-Cap 400 Growth ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
38.3x P/Sales
ratio
3.3x
P/BV
ratio
4.8x Div.
yield
0.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 24, 2000
Assets (mns) $8,114
Currency USD
Expense ratio 17 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 227
Wgt avg mkt cap (mns) $8,707
Large cap (>$10bn) 31.0%
Mid cap ($2-10bn) 68.2%
Small cap (<$2bn) 0.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAC HOLDINGS INC 1.6 %
MONOLITHIC POWER SYSTEMS INC 1.5 %
SOLAREDGE TECHNOLOGIES, INC. 1.5 %
COGNEX CORP 1.3 %
FAIR ISAAC CORP 1.3 %
CHARLES RIVER LABORATORIES 1.3 %
BIO-TECHNE CORPORATION 1.2 %
PARAMETRIC TECHNOLOGY CORP 1.2 %
SUNRUN INC. 1.2 %
MASIMO CORPORATION 1.2 %
Total 13.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
BERMUDA 1.2 %
IRELAND 0.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.4% 22.4% 13.6% 12.2% 8.5%

Market Correlations
versus... Beta R-squared
S&P500 1.11 91%
MSCI EAFE 1.03 78%
MSCI Emg. Mkts. 0.87 70%

Technical Indicators
Recent close $77.46
30d moving avg. $73.76
Annualized volatility 21.8%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.5%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 384
Turnover 0.4%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $14,842

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IJK Expense: 17 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJK
Ticker Fund
Name
Overlap1
vs IJK
(%)
Expense
ratio
(bp)
Savings
vs IJK
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJK
(%)
MDYG SPDR S&P 400 Mid Cap Growth ETF 99.6 15 2 3.7 +0.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 85.6 15 2 4.2 +0.5
MDY SPDR S&P Midcap 400 ETF Trust 64.7 23 -6 5.1 +1.4
SPMD SPDR Portfolio Mid Cap ETF 64.6 5 12 5.3 +1.6
IJH iShares Core S&P Mid-Cap ETF 64.6 5 12 5.3 +1.6
XJH iShares ESG Screened S&P Mid-Cap ETF 61.5 12 5 5.4 +1.7
IVOO Vanguard S&P Mid-Cap 400 ETF 61.1 10 7 5.3 +1.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 53.6 35 -18 3.3 -0.4
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 52.6 60 -43 3.6 -0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 49.5 40 -23 5.6 +1.9
SMDY Syntax Stratified MidCap ETF 48.5 30 -13 5.1 +1.4
XMMO Invesco S&P MidCap Momentum ETF 48.2 34 -17 3.4 -0.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 36.5 7 10 3.9 +0.2
SFYX Sofi Next 500 ETF 32.6 0 17 4.8 +1.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 32.5 70 -53 1.6 -2.1
RWK Invesco S&P MidCap 400 Revenue ETF 32.4 39 -22 6.3 +2.6
VBK Vanguard Small-Cap Growth Index Fund 31.3 7 10 1.9 -1.8
JHSC John Hancock Multifactor Small Cap ETF 28.9 42 -25 4.5 +0.8
AFMC First Trust Active Factor Mid Cap ETF 28.9 65 -48 5.2 +1.5
IJJ iShares S&P Mid-Cap 400 Value ETF 28.5 18 -1 6.9 +3.2
MDYV SPDR S&P 400 Mid Cap Value ETF 28.5 15 2 6.9 +3.2
SCHM Schwab U.S. Mid-Cap ETF 28.2 4 13 5.0 +1.3
XMLV Invesco S&P MidCap Low Volatility ETF 27.9 25 -8 5.0 +1.3
FSMD Fidelity Small-Mid Factor ETF 27.3 29 -12 5.2 +1.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 25.9 6 11 4.0 +0.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 25.6 15 2 6.7 +3.0
VB Vanguard Small-Cap ETF 25.5 5 12 4.4 +0.7
BKSE BNY Mellon US Small Cap Core Equity ETF 25.4 4 13 4.7 +1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 25.2 17 0 4.0 +0.3
XMHQ Invesco S&P MidCap Quality ETF 24.9 25 -8 5.3 +1.6
FNX First Trust Mid Cap Core AlphaDEX Fund 24.7 61 -44 5.1 +1.4
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 23.8 80 -63 4.7 +1.0
EZM WisdomTree U.S. MidCap Earnings Fund 23.4 38 -21 7.6 +3.9
RNMC Mid Cap US Equity Select ETF 23.1 60 -43 6.1 +2.4
BUL Pacer US Cash Cows Growth ETF 22.5 60 -43 4.3 +0.6
DON WisdomTree U.S. MidCap Dividend Fund 22.2 38 -21 6.7 +3.0
JKK iShares Morningstar Small-Cap Growth ETF 21.8 30 -13 0.6 -3.1
VBR Vanguard Small Cap Value Index Fund 21.4 7 10 6.4 +2.7
SCHA Schwab U.S. Small-Cap ETF 20.7 4 13 3.6 -0.1
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 20.6 30 -13 4.9 +1.2
IUSS Invesco Strategic US Small Company ETF 19.7 23 -6 3.6 -0.1
NUSC Nuveen ESG Small-Cap ETF 19.6 40 -23 3.9 +0.2
VXF Vanguard Extended Market Index Fund 18.8 6 11 2.5 -1.2
JKJ iShares Morningstar Small-Cap ETF 18.5 25 -8 5.1 +1.4
VTWG Vanguard Russell 2000 Growth Index Fund 18.4 15 2 0.1 -3.7
JHMM John Hancock Multifactor Mid Cap ETF 18.4 42 -25 4.7 +1.0
IWO iShares Russell 2000 Growth ETF 18.3 24 -7 -0.1 -3.8
SIXL 6 Meridian Low Beta Equity Strategy ETF 18.2 84 -67 4.0 +0.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 17.7 25 -8 4.8 +1.1
SMMD iShares Russell 2500 ETF 17.3 15 2 4.7 +1.0
VTWO Vanguard Russell 2000 Index Fund 17.1 10 7 2.6 -1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.1 24 -7 5.5 +1.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.9 29 -12 6.0 +2.3
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 16.9 30 -13 5.4 +1.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.3 35 -18 5.1 +1.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.0 20 -3 3.6 -0.1
TPLC Timothy Plan US Large Cap Core ETF 15.9 52 -35 4.4 +0.7
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 15.7 63 -46 5.2 +1.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 15.7 29 -12 7.3 +3.6
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 15.4 30 -13 6.0 +2.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.4 20 -3 7.1 +3.4
JKH iShares Morningstar Mid-Cap Growth ETF 14.8 30 -13 1.9 -1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 14.6 66 -49 1.8 -1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 14.6 20 -3 5.6 +1.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.3 24 -7 4.9 +1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 14.2 39 -22 3.4 -0.3
IWM iShares Russell 2000 ETF 14.2 19 -2 2.5 -1.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 14.1 48 -31 5.5 +1.8
AFSM First Trust Active Factor Small Cap ETF 14.0 77 -60 4.3 +0.6
USMF WisdomTree U.S. Multifactor Fund 13.9 28 -11 5.4 +1.7
EQAL Invesco Russell 1000 Equal Weight ETF 13.8 20 -3 5.0 +1.3
BFOR Barron's 400 ETF 13.6 65 -48 5.6 +1.9
PEXL Pacer US Export Leaders ETF 13.6 60 -43 4.7 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 13.3 20 -3 6.2 +2.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 12.9 17 0 5.6 +1.9
STMB iShares Factors US Mid Blend Style ETF 12.8 30 -13 4.9 +1.2
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 12.5 41 -24 5.4 +1.7
QQQJ Invesco NASDAQ Next Gen 100 ETF 12.4 15 2 2.5 -1.2
VFQY Vanguard U.S. Quality Factor ETF 12.3 13 4 5.3 +1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 12.2 29 -12 4.2 +0.5
IWP iShares Russell Mid-Cap Growth ETF 12.1 24 -7 2.6 -1.1
VFLQ Vanguard U.S. Liquidity Factor ETF 12.0 14 3 3.5 -0.3
JHMI John Hancock Multifactor Industrials ETF 11.9 40 -23 5.1 +1.4
FNK First Trust Mid Cap Value AlphaDEX Fund 11.6 70 -53 7.7 +4.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 11.6 20 -3 3.8 +0.1
FXH First Trust Health Care AlphaDEX Fund 11.4 62 -45 4.5 +0.8
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 11.3 35 -18 5.1 +1.4
BFTR Future Innovators ETF 11.3 80 -63 -1.5 -5.2
KLCD KFA Large Cap Quality Dividend Index ETF 11.3 42 -25 5.1 +1.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.2 35 -18 5.0 +1.3
VFMF Vanguard U.S. Multifactor ETF 11.1 19 -2 6.1 +2.4
QGRO American Century STOXX U.S. Quality Growth ETF 10.9 29 -12 3.7 -0.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.9 35 -18 4.9 +1.2
IWR iShares Russell Midcap ETF 10.9 19 -2 4.7 +1.0
ETHO Etho Climate Leadership U.S. ETF 10.6 47 -30 3.6 -0.1
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 10.6 69 -52 4.0 +0.3
STSB iShares Factors US Small Blend Style ETF 10.6 35 -18 2.9 -0.8
PDP Invesco DWA Momentum ETF 10.2 62 -45 1.8 -1.9
IWS iShares Russell Mid-Cap Value ETF 10.1 24 -7 5.9 +2.2
VFMO Vanguard U.S. Momentum Factor ETF 10.0 13 4 1.4 -2.3

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 Growth 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 16.1 %
Divided by: Fwd. P/BV 4.2 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.