iShares S&P Mid-Cap 400 Growth ETF
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
30.2x P/Sales
ratio
2.3x
P/BV
ratio
3.3x Div.
yield
1.2%


  • 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 28, 2000
Assets (mns) $6,388
Currency USD
Expense ratio 24 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 235
Wgt avg mkt cap (mns) $6,826
Large cap (>$10bn) 19.0%
Mid cap ($2-10bn) 79.3%
Small cap (<$2bn) 1.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TYLER TECHNOLOGIES INC 1.7 %
TELEDYNE TECHNOLOGIES INC 1.6 %
CATALENT INC 1.4 %
MASIMO CORPORATION 1.4 %
FACTSET RESEARCH SYSTEMS INC 1.4 %
FAIR ISAAC CORP 1.4 %
TERADYNE INC 1.3 %
POOL CORP 1.3 %
BIO-TECHNE CORPORATION 1.2 %
TRIMBLE NAVIGATION LTD 1.1 %
Total 13.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.6 %
BERMUDA 1.2 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.7% 5.8% 6.4% 11.5% 7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.16 93%
MSCI EAFE 1.15 79%
MSCI Emg. Mkts. 0.84 64%

Technical Indicators
Recent close $230.63
30d moving avg. $208.03
Annualized volatility 20.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.5%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 133
Turnover 0.5%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $15,808

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: 24 bp ALTAR Score™: 4.6%


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 99.9 15 9 4.7 +0.1
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 95.5 15 9 4.6 -0.0
MDY SPDR S&P Midcap 400 ETF Trust 68.2 23 1 6.1 +1.4
SPMD SPDR Portfolio Mid Cap ETF 68.1 5 19 6.3 +1.6
IJH iShares Core S&P Mid-Cap ETF 68.1 6 18 6.2 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 66.2 10 14 6.1 +1.5
RFG Invesco S&P Midcap 400 Pure Growth ETF 54.4 35 -11 3.6 -1.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 50.0 40 -16 6.5 +1.9
SMDY Syntax Stratified MidCap ETF 49.2 30 -6 6.1 +1.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 43.8 7 17 5.4 +0.8
XMMO Invesco S&P MidCap Momentum ETF 39.8 39 -15 4.3 -0.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 36.1 70 -46 2.1 -2.6
RWK Invesco S&P MidCap 400 Revenue ETF 35.9 39 -15 7.3 +2.6
AFMC First Trust Active Factor Mid Cap ETF 35.6 65 -41 6.0 +1.4
VBK Vanguard Small-Cap Growth Index Fund 35.1 7 17 2.5 -2.1
SFYX Sofi Next 500 ETF 33.2 0 24 5.8 +1.2
EQWM Invesco S&P MidCap Quality ETF 32.1 25 -1 5.0 +0.4
FSMD Fidelity Small-Mid Factor ETF 31.7 29 -5 6.8 +2.2
XMLV Invesco S&P MidCap Low Volatility ETF 31.6 25 -1 5.3 +0.6
SCHM Schwab U.S. Mid-Cap ETF 31.2 4 20 6.2 +1.5
VB Vanguard Small-Cap ETF 31.1 5 19 5.3 +0.7
RNMC Mid Cap US Equity Select ETF 30.6 60 -36 7.5 +2.9
EZM WisdomTree U.S. MidCap Earnings Fund 30.2 38 -14 8.9 +4.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 29.8 6 18 5.0 +0.3
JHSC John Hancock Multifactor Small Cap ETF 29.1 50 -26 5.7 +1.0
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 28.7 17 7 4.8 +0.1
MDYV SPDR S&P 400 Mid Cap Value ETF 28.2 15 9 8.1 +3.4
IJJ iShares S&P Mid-Cap 400 Value ETF 28.1 25 -1 8.0 +3.3
IVOV Vanguard S&P Mid-Cap 400 Value ETF 27.8 15 9 8.1 +3.5
FNX First Trust Mid Cap Core AlphaDEX Fund 27.2 61 -37 6.4 +1.8
IUSS Invesco Strategic US Small Company ETF 26.0 23 1 5.8 +1.1
VBR Vanguard Small Cap Value Index Fund 25.5 7 17 8.1 +3.5
DON WisdomTree U.S. MidCap Dividend Fund 23.6 38 -14 7.4 +2.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 23.6 80 -56 5.4 +0.8
VXF Vanguard Extended Market Index Fund 23.4 7 17 3.8 -0.9
NUSC Nuveen ESG Small-Cap ETF 23.2 40 -16 4.9 +0.2
JKK iShares Morningstar Small-Cap Growth ETF 22.6 30 -6 1.3 -3.3
SCHA Schwab U.S. Small-Cap ETF 22.5 4 20 4.7 +0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.4 25 -1 6.2 +1.6
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 21.3 39 -15 6.1 +1.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 20.8 35 -11 5.1 +0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 20.8 20 4 9.2 +4.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 19.3 20 4 5.9 +1.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 19.1 24 0 7.5 +2.8
JHMM John Hancock Multifactor Mid Cap ETF 18.7 44 -20 5.6 +1.0
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 18.7 48 -24 6.2 +1.5
SMMD iShares Russell 2500 ETF 18.5 15 9 5.4 +0.7
TPLC Timothy Plan US Large Cap Core ETF 18.3 52 -28 5.3 +0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.0 29 -5 6.5 +1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.0 24 0 5.9 +1.3
IWO iShares Russell 2000 Growth ETF 16.9 24 0 0.7 -3.9
PVAL Principal Contrarian Value Index ETF 16.7 29 -5 7.3 +2.6
VTWG Vanguard Russell 2000 Growth Index Fund 16.5 15 9 0.8 -3.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.4 20 4 6.9 +2.2
PEXL Pacer US Export Leaders ETF 16.3 60 -36 6.0 +1.4
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 16.1 40 -16 5.9 +1.3
IWM iShares Russell 2000 ETF 15.7 19 5 3.5 -1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 15.7 20 4 6.4 +1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 15.3 66 -42 2.5 -2.1
JKJ iShares Morningstar Small-Cap ETF 15.2 25 -1 6.3 +1.6
VTWO Vanguard Russell 2000 Index Fund 15.2 10 14 3.6 -1.0
USMF WisdomTree U.S. Multifactor Fund 14.9 28 -4 6.1 +1.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 14.9 30 -6 5.8 +1.2
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.6 17 7 6.4 +1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 14.1 20 4 5.9 +1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 14.0 13 11 3.4 -1.2
BFOR Barron's 400 ETF 13.9 66 -42 6.2 +1.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.9 30 -6 7.4 +2.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.7 35 -11 5.7 +1.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 13.6 29 -5 5.8 +1.2
JKH iShares Morningstar Mid-Cap Growth ETF 13.6 30 -6 2.4 -2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.4 39 -15 4.3 -0.4
EQAL Invesco Russell 1000 Equal Weight ETF 13.2 20 4 5.0 +0.3
PDP Invesco DWA Momentum ETF 13.0 62 -38 2.8 -1.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.0 35 -11 6.1 +1.4
BUL Pacer US Cash Cows Growth ETF 12.5 60 -36 5.4 +0.8
JHMI John Hancock Multifactor Industrials ETF 12.2 40 -16 5.8 +1.2
KLCD KFA Large Cap Quality Dividend Index ETF 12.1 41 -17 5.2 +0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.0 35 -11 5.7 +1.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.7 63 -39 6.8 +2.2
IWS iShares Russell Mid-Cap Value ETF 11.4 24 0 7.0 +2.4
JKG iShares Morningstar Mid-Cap ETF 11.3 25 -1 5.9 +1.2
IWR iShares Russell Midcap ETF 11.2 19 5 5.5 +0.9
QGRO American Century STOXX U.S. Quality Growth ETF 11.2 29 -5 3.1 -1.5
IWP iShares Russell Mid-Cap Growth ETF 11.1 24 0 4.1 -0.5
FNK First Trust Mid Cap Value AlphaDEX Fund 11.0 70 -46 10.1 +5.5
OSCV Opus Small Cap Value Plus ETF 10.7 79 -55 5.6 +1.0
AFSM First Trust Active Factor Small Cap ETF 10.7 75 -51 5.6 +1.0
TUSA First Trust Total US Market AlphaDEX ETF 10.7 70 -46 5.9 +1.3
QMOM Alpha Architect U.S. Quantitative Momentum ETF 10.5 49 -25 3.2 -1.4
VFMF Vanguard U.S. Multifactor ETF 10.5 18 6 7.2 +2.5
VFQY Vanguard U.S. Quality Factor ETF 10.4 13 11 5.9 +1.3
ETHO Etho Climate Leadership U.S. ETF 10.1 47 -23 4.3 -0.3
ONEY SPDR Russell 1000 Yield Focus ETF 10.0 20 4 8.1 +3.5
CZA Invesco Zacks Mid-Cap ETF 9.8 76 -52 6.0 +1.3
VUSE Vident Core US Equity Fund 9.3 48 -24 7.5 +2.9
QLV FlexShares US Quality Low Volatility Index Fund 9.2 22 2 5.1 +0.4
LGLV SPDR Russell 1000 Low Volatility ETF 8.9 12 12 5.5 +0.9
ROUS Hartford Multifactor US Equity ETF 8.8 19 5 7.1 +2.5
FXH First Trust Health Care AlphaDEX Fund 8.6 62 -38 4.4 -0.3

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 15.2 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.53
 
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.