iShares Core S&P Small Cap ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
36.6x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P SmallCap 600 Index Fund seeks investment results that correspond to the price and yield performance of the S&P SmallCap 600 Index. The index consists of the smallest stocks in the S&P U.S. universe.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 22, 2000
Assets (mns) $39,587
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 602
Wgt avg mkt cap (mns) $1,757
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 38.5%
Small cap (<$2bn) 61.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EMERGENT BIOSOLUTIONS INC 0.7 %
NEOGEN CORP 0.6 %
EXPONENT INC 0.6 %
MOMENTA PHARMACEUTICALS INC 0.6 %
NEOGENOMICS INC 0.6 %
WINGSTOP, INC. 0.6 %
LITHIA MOTORS INC-CL A 0.6 %
POWER INTEGRATIONS INC 0.6 %
COGENT COMMUNICATIONS HOLDINGS INC 0.5 %
AGREE REALTY CORP 0.5 %
Total 6.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
PUERTO RICO 0.5 %
BERMUDA 0.4 %
BRITAIN 0.4 %
CAYMAN ISLANDS 0.4 %
NETHERLANDS 0.2 %
IRELAND 0.1 %




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.
-17.9% -11.3% 4.5% 11.2% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.29 86%
MSCI EAFE 1.30 77%
MSCI Emg. Mkts. 0.92 60%

Technical Indicators
Recent close $67.59
30d moving avg. $68.30
Annualized volatility 23.5%
Short interest (ETF) 1.0%
Short interest (Underlying) 6.4%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 6,686
Turnover 1.1%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $10,755

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IJR Expense: 7 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJR
Ticker Fund
Name
Overlap1
vs IJR
(%)
Expense
ratio
(bp)
Savings
vs IJR
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJR
(%)
SPSM SPDR Portfolio Small Cap ETF 99.1 5 2 7.2 +0.0
SLY SPDR S&P 600 Small Cap ETF 99.0 15 -8 7.1 -0.1
VIOO Vanguard S&P Small-Cap 600 ETF 93.9 10 -3 7.3 +0.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 72.0 40 -33 6.9 -0.3
SLYG SPDR S&P 600 Small Cap Growth ETF 68.1 15 -8 5.3 -1.9
IJT iShares S&P Small-Cap 600 Growth ETF 68.1 25 -18 5.2 -2.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 66.7 16 -9 5.3 -1.9
SLYV SPDR S&P 600 Small Cap Value ETF 61.6 15 -8 9.4 +2.2
IJS iShares S&P Small-cap 600 Value ETF 61.6 25 -18 9.4 +2.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 59.1 15 -8 9.8 +2.6
SSLY Syntax Stratified SmallCap ETF 53.5 30 -23 6.2 -1.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 52.2 39 -32 7.8 +0.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 45.8 29 -22 5.6 -1.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 41.4 35 -28 8.4 +1.2
IWN iShares Russell 2000 Value ETF 39.3 24 -17 7.4 +0.2
TPSC Timothy Plan US Small Cap Core ETF 38.9 52 -45 8.4 +1.2
ISMD Inspire Small/Mid Cap Impact ETF 38.7 60 -53 6.6 -0.6
VTWV Vanguard Russell 2000 Value Index Fund 38.0 15 -8 7.6 +0.4
FYX First Trust Small Cap Core AlphaDEX Fund 37.6 63 -56 6.7 -0.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 37.5 20 -13 6.1 -1.1
EES WisdomTree SmallCap Earnings Fund 37.1 38 -31 11.8 +4.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 36.1 35 -28 6.4 -0.8
IWM iShares Russell 2000 ETF 35.9 19 -12 3.7 -3.5
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 35.7 30 -23 7.9 +0.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 35.6 35 -28 8.4 +1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 34.5 39 -32 4.2 -2.9
VTWO Vanguard Russell 2000 Index Fund 33.2 10 -3 3.7 -3.5
IWO iShares Russell 2000 Growth ETF 32.6 24 -17 0.8 -6.4
DES WisdomTree U.S. SmallCap Dividend Fund 32.1 38 -31 8.9 +1.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 32.1 35 -28 6.0 -1.2
RNSC Small Cap US Equity Select ETF 32.1 60 -53 7.8 +0.7
PSC Principal U.S. Small Cap Index ETF 31.7 38 -31 7.2 -0.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 30.4 29 -22 1.8 -5.4
VTWG Vanguard Russell 2000 Growth Index Fund 29.9 15 -8 0.8 -6.4
CSML IQ Chaikin U.S. Small Cap ETF 29.8 35 -28 4.2 -3.0
PXSG Invesco S&P SmallCap Momentum ETF 29.5 39 -32 5.0 -2.2
AFSM First Trust Active Factor Small Cap ETF 29.1 75 -68 5.7 -1.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 29.0 25 -18 6.8 -0.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 28.9 24 -17 7.3 +0.1
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 28.2 12 -5 8.0 +0.8
IUSS Invesco Strategic US Small Company ETF 27.7 23 -16 5.6 -1.6
XSLV Invesco S&P SmallCap Low Volatility ETF 27.2 25 -18 6.1 -1.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 25.4 29 -22 10.0 +2.8
FYC First Trust Small Cap Growth AlphaDEX Fund 25.3 70 -63 2.6 -4.6
SCHA Schwab U.S. Small-Cap ETF 24.7 4 3 4.7 -2.4
ROGS Hartford Multifactor Global Small Cap ETF 24.1 34 -27 8.0 +0.8
XSHQ Invesco S&P SmallCap Quality ETF 23.9 29 -22 6.7 -0.5
AVUV Avantis U.S. Small Cap Value ETF 23.4 25 -18 9.4 +2.2
FYT First Trust Small Cap Value AlphaDEX Fund 22.5 72 -65 9.6 +2.4
PSCF Invesco S&P SmallCap Financials ETF 22.5 29 -22 11.9 +4.7
NUSC Nuveen ESG Small-Cap ETF 21.5 40 -33 5.4 -1.7
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.4 17 -10 5.2 -2.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.0 6 1 5.4 -1.8
JKK iShares Morningstar Small-Cap Growth ETF 19.7 30 -23 1.1 -6.0
BKSE BNY Mellon US Small Cap Core Equity ETF 19.4 4 3 5.8 -1.4
JKJ iShares Morningstar Small-Cap ETF 19.1 25 -18 6.8 -0.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 18.6 38 -31 9.2 +2.0
FSMD Fidelity Small-Mid Factor ETF 18.5 29 -22 7.1 -0.1
VBR Vanguard Small Cap Value Index Fund 18.0 7 0 8.5 +1.3
PSCI Invesco S&P SmallCap Industrials ETF 17.8 29 -22 6.6 -0.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 16.7 39 -32 11.9 +4.8
VFMF Vanguard U.S. Multifactor ETF 16.5 19 -12 7.2 0.0
VFQY Vanguard U.S. Quality Factor ETF 16.2 13 -6 6.1 -1.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 16.1 20 -13 4.8 -2.4
SQLV Legg Mason Small-Cap Quality Value 15.4 62 -55 8.0 +0.8
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 14.8 29 -22 9.6 +2.4
VB Vanguard Small-Cap ETF 14.7 5 2 5.4 -1.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 14.2 39 -32 7.9 +0.7
CALF Pacer US Small Cap Cash Cows 100 ETF 14.1 59 -52 13.3 +6.2
PSCT Invesco S&P SmallCap Information Technology ETF 14.1 29 -22 5.7 -1.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 14.1 35 -28 10.3 +3.1
DWAS Invesco DWA SmallCap Momentum ETF 13.9 60 -53 -1.1 -8.2
PSCH Invesco S&P SmallCap Health Care ETF 13.5 29 -22 3.0 -4.2
JSML Janus Henderson Small Cap Growth Alpha ETF 13.4 30 -23 7.7 +0.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 13.0 80 -73 5.7 -1.5
VXF Vanguard Extended Market Index Fund 12.8 7 0 3.8 -3.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 12.8 20 -13 9.6 +2.4
VFVA Vanguard U.S. Value Factor ETF 12.6 14 -7 11.6 +4.4
BFOR Barron's 400 ETF 12.1 65 -58 6.3 -0.9
FAB First Trust Multi Cap Value AlphaDEX Fund 11.9 71 -64 9.6 +2.5
VFLQ Vanguard U.S. Liquidity Factor ETF 11.7 14 -7 4.8 -2.4
VBK Vanguard Small-Cap Growth Index Fund 11.6 7 0 2.4 -4.7
JHSC John Hancock Multifactor Small Cap ETF 11.4 42 -35 6.0 -1.2
BUY USCF SummerHaven SHPEI Index Fund 11.2 80 -73 10.4 +3.2
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 10.9 30 -23 5.7 -1.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 10.4 66 -59 2.5 -4.7
VUSE Vident Core US Equity Fund 10.2 48 -41 8.3 +1.1
SMDV ProShares Russell 2000 Dividend Growers ETF 9.7 40 -33 7.7 +0.5
IWC iShares Micro-Cap ETF 9.6 60 -53 -3.9 -11.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 9.1 30 -23 11.2 +4.0
VFMO Vanguard U.S. Momentum Factor ETF 9.1 13 -6 1.1 -6.1
EZM WisdomTree U.S. MidCap Earnings Fund 8.3 38 -31 9.3 +2.1
ROOF IQ US Real Estate Small Cap ETF 8.0 70 -63 12.3 +5.1
KOMP SPDR Kensho New Economies Composite ETF 7.9 20 -13 2.5 -4.7
VAMO Cambria Value & Momentum ETF 7.9 64 -57 7.5 +0.4
TUSA First Trust Total US Market AlphaDEX ETF 7.8 70 -63 6.1 -1.1
RNMC Mid Cap US Equity Select ETF 7.7 60 -53 7.9 +0.7
KNOW Direxion All Cap Insider Sentiment Shares 7.3 66 -59 4.9 -2.3
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 7.0 35 -28 9.6 +2.4
KSCD KFA Small Cap Quality Dividend Index ETF 7.0 51 -44 6.6 -0.6

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 Small 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 10.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.