iShares S&P 600 SmallCap Value
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
22.3x P/Sales
ratio
0.6x
P/BV
ratio
1.4x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P SmallCap 600 Value Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S. small-cap value stocks, as represented by the S&P SmallCap 600/Citigroup Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 28, 2000
Assets (mns) $6,490
Currency USD
Expense ratio 25 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 446
Wgt avg mkt cap (mns) $1,760
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 35.4%
Small cap (<$2bn) 64.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DARLING INTERNATIONAL INC 1.0 %
TOPBUILD CORP 1.0 %
LITHIA MOTORS INC-CL A 0.9 %
SKYWEST INC 0.8 %
UNIVERSAL FOREST PRODUCTS 0.8 %
SOUTH JERSEY INDUSTRIES 0.7 %
COLUMBIA BANKING SYSTEM INC 0.7 %
ITRON INC 0.7 %
AMERIS BANCORP 0.7 %
MOOG INC-CLASS A 0.7 %
Total 8.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
BERMUDA 0.8 %
PUERTO RICO 0.6 %
CAYMAN ISLANDS 0.4 %







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.
20.7% 5.8% 8.0% 12.9% 12.9%

Market Correlations
versus... Beta R-squared
S&P500 1.22 72%
MSCI EAFE 1.11 49%
MSCI Emg. Mkts. 0.66 28%

Technical Indicators
Recent close $156.57
30d moving avg. $156.15
Annualized volatility 17.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 136
Turnover 0.3%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $5,347

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P 600 SmallCap Value ETF based on the alternatives' overlap in portfolio holdings with IJS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IJS Expense: 25 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJS
Ticker Fund
Name
Overlap1
vs IJS
(%)
Expense
ratio
(bp)
Savings
vs IJS
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJS
(%)
SLYV SPDR S&P600 Small Cap Value 99.1 15 10 6.8 +0.1
VIOV Vanguard S&P Small-Cap 600 Value 98.0 20 5 6.8 +0.1
IJR iShares Core S&P Small-Cap 64.7 7 18 5.8 -1.0
SLY SPDR S&P 600 Small Cap 64.6 15 10 5.7 -1.1
VIOO Vanguard S&P Small-Cap 600 63.7 15 10 5.8 -1.0
EWSC Invesco S&P Small Cap 600 Equal Weight 60.2 40 -15 3.0 -3.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 52.8 39 -14 -5.2 -12.0
EES WisdomTree SmallCap Earnings 39.6 38 -13 9.1 +2.4
FYX First Trust Small Cap Core Alphadex 37.2 66 -41 5.5 -1.2
ISMD Inspire Small/Mid Cap Impact 35.5 61 -36 4.6 -2.1
RZV Invesco S&P Smallcap 600 Pure Value 34.6 35 -10 6.6 -0.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 34.4 29 -4 4.1 -2.6
CSF Compass EMP US Discovery 500 Enhanced Vol. 34.3 35 -10 7.2 +0.4
CSA Victory CEMP US Small Cap Volatility Wtd 34.3 35 -10 7.1 +0.4
IWN iShares Russell 2000 Value 32.6 24 1 6.2 -0.5
VTWV Vanguard Russell 2000 Value 32.2 20 5 6.3 -0.5
PRFZ Invesco FTSE-RAFI Small-Mid 1500 31.3 39 -14 4.6 -2.2
FYT First Trust Small Cap Value AlphaDEX 30.4 76 -51 7.2 +0.5
RNSC Small Cap US Equity Select 30.1 60 -35 6.0 -0.7
DES WisdomTree Smallcap Dividend 29.7 38 -13 7.0 +0.2

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 S&P 600 SmallCap Value
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 9.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.