iShares S&P Small-cap 600 Value ETF
ALTAR
Score™
12.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
12.1x P/Sales
ratio
0.4x
P/BV
ratio
0.7x Div.
yield
4.5%


  • 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) $3,828
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 452
Wgt avg mkt cap (mns) $1,179
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 15.0%
Small cap (<$2bn) 85.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AVISTA CORP 1.2 %
ANIXTER INTERNATIONAL INC 1.1 %
INTEGER HOLDINGS CORPORATION 0.9 %
SIMMONS FIRST NATL CORP-CL A 0.9 %
ARCOSA INC 0.8 %
SANMINA CORP 0.8 %
OLD NATL BANCORP/IN 0.8 %
COLUMBIA BANKING SYSTEM INC 0.8 %
MERIT MEDICAL SYSTEMS INC 0.7 %
QUAKER CHEMICAL CORP 0.7 %
Total 8.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
BERMUDA 0.6 %
PUERTO RICO 0.5 %
IRELAND 0.3 %
BRITAIN 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-37.5% -31.0% -1.9% 6.2% 10.2%

Market Correlations
versus... Beta R-squared
S&P500 1.42 81%
MSCI EAFE 1.36 72%
MSCI Emg. Mkts. 0.99 56%

Technical Indicators
Recent close $94.06
30d moving avg. $116.89
Annualized volatility 24.0%
Short interest (ETF) 0.1%
Short interest (Underlying) 6.0%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 811
Turnover 2.0%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $5,765

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares S&P Small-cap 600 Value ETF 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™: 12.1%


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&P 600 Small Cap Value ETF 96.8 15 10 12.2 +0.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 95.5 15 10 12.2 +0.2
SLY SPDR S&P 600 Small Cap ETF 61.7 15 10 9.5 -2.6
SPSM SPDR Portfolio Small Cap ETF 61.6 5 20 9.6 -2.5
IJR iShares Core S&P Small Cap ETF 61.6 7 18 9.6 -2.5
VIOO Vanguard S&P Small-Cap 600 ETF 60.9 10 15 9.6 -2.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 60.8 40 -15 8.7 -3.4
RWJ Invesco S&P SmallCap 600 Revenue ETF 47.5 39 -14 9.7 -2.4
ISMD Inspire Small/Mid Cap Impact ETF 35.1 61 -36 7.6 -4.5
PSCF Invesco S&P SmallCap Financials ETF 32.3 29 -4 15.1 +3.1
VTWV Vanguard Russell 2000 Value Index Fund 32.2 15 10 10.5 -1.6
IWN iShares Russell 2000 Value ETF 31.9 24 1 10.3 -1.8
IJT iShares S&P Small-Cap 600 Growth ETF 31.7 25 0 7.4 -4.7
SLYG SPDR S&P 600 Small Cap Growth ETF 31.7 15 10 7.5 -4.6
EES WisdomTree SmallCap Earnings Fund 31.6 38 -13 19.2 +7.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 31.6 16 9 7.5 -4.6
FYX First Trust Small Cap Core AlphaDEX Fund 31.2 63 -38 9.1 -3.0
CSA Victory CEMP US Small Cap Volatility Weighted Index ETF 30.9 35 -10 11.6 -0.5
FYT First Trust Small Cap Value AlphaDEX Fund 30.8 72 -47 13.6 +1.5
DES WisdomTree U.S. SmallCap Dividend Fund 30.7 38 -13 12.7 +0.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 29.8 29 -4 8.5 -3.6
TPSC Timothy Plan US Small Cap Core ETF 29.7 52 -27 10.9 -1.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 29.2 39 -14 6.4 -5.7
RNSC Small Cap US Equity Select ETF 28.3 60 -35 9.5 -2.6
XSLV Invesco S&P SmallCap Low Volatility ETF 28.0 25 0 11.6 -0.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 26.7 39 -14 15.9 +3.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 25.8 35 -10 13.2 +1.1
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 24.7 29 -4 12.6 +0.5
AVUV Avantis U.S. Small Cap Value ETF 23.8 25 0 13.8 +1.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 23.7 25 0 9.6 -2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 23.0 20 5 9.7 -2.4
VTWO Vanguard Russell 2000 Index Fund 22.9 10 15 5.8 -6.3
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.9 35 -10 9.1 -3.0
IWM iShares Russell 2000 ETF 22.8 19 6 5.7 -6.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.7 12 13 10.6 -1.5
ROGS Hartford Multifactor Global Small Cap ETF 21.5 34 -9 11.7 -0.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 21.5 30 -5 10.7 -1.4
IUSS Invesco Strategic US Small Company ETF 20.3 23 2 9.0 -3.1
AFSM First Trust Active Factor Small Cap ETF 19.6 75 -50 10.6 -1.5
XSHQ Invesco S&P SmallCap Quality ETF 19.1 29 -4 8.0 -4.1
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 17.7 39 -14 8.7 -3.4
PSC Principal U.S. Small Cap Index ETF 17.7 38 -13 11.1 -1.0
SCAP AdvisorShares Cornerstone Small Cap ETF 17.5 90 -65 8.1 -4.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 17.4 24 1 11.1 -1.0
SCHA Schwab U.S. Small-Cap ETF 17.2 4 21 7.5 -4.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.8 29 -4 0.0 -12.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 16.1 38 -13 13.4 +1.3
PSCI Invesco S&P SmallCap Industrials ETF 15.6 29 -4 9.7 -2.4
CSML IQ Chaikin U.S. Small Cap ETF 15.6 35 -10 13.4 +1.3
SQLV Legg Mason Small-Cap Quality Value 15.3 62 -37 12.2 +0.1
JKJ iShares Morningstar Small-Cap ETF 15.3 25 0 9.0 -3.1
VTWG Vanguard Russell 2000 Growth Index Fund 15.2 15 10 1.8 -10.3
IWO iShares Russell 2000 Growth ETF 15.2 24 1 1.6 -10.5
NUSC Nuveen ESG Small-Cap ETF 14.9 40 -15 7.6 -4.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 14.7 17 8 7.3 -4.8
VBR Vanguard Small Cap Value Index Fund 14.5 7 18 12.0 -0.1
PXSG Invesco S&P SmallCap Momentum ETF 14.4 39 -14 7.4 -4.7
BUY USCF SummerHaven SHPEI Index Fund 14.3 80 -55 18.4 +6.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 13.8 6 19 8.0 -4.1
IWC iShares Micro-Cap ETF 13.0 60 -35 -5.5 -17.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 12.8 30 -5 16.9 +4.8
CALF Pacer US Small Cap Cash Cows 100 ETF 12.6 59 -34 18.5 +6.4
VFQY Vanguard U.S. Quality Factor ETF 12.2 13 12 8.5 -3.6
PSCH Invesco S&P SmallCap Health Care ETF 11.9 29 -4 4.2 -7.9
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 11.8 20 5 7.8 -4.3
FYC First Trust Small Cap Growth AlphaDEX Fund 11.8 70 -45 3.7 -8.4
QABA First Trust NASDAQ ABA Community Bank Index Fund 11.4 60 -35 13.5 +1.5
KRE SPDR S&P Regional Banking ETF 11.4 35 -10 15.6 +3.5
VFVA Vanguard U.S. Value Factor ETF 11.1 13 12 16.5 +4.4
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 10.5 29 -4 14.2 +2.1
JKL iShares Morningstar Small Cap Value ETF 10.2 30 -5 14.8 +2.7
VB Vanguard Small-Cap ETF 10.2 5 20 8.1 -4.0
CSB Victory CEMP US Small Cap High Dividend Volatility Wtd Idx E 10.1 35 -10 12.2 +0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 10.1 71 -46 13.3 +1.2
SMDV ProShares Russell 2000 Dividend Growers ETF 10.1 40 -15 8.4 -3.7
FSMD Fidelity Small-Mid Factor ETF 9.7 29 -4 9.9 -2.2
ROOF IQ US Real Estate Small Cap ETF 9.6 70 -45 15.2 +3.1
VFLQ Vanguard U.S. Liquidity Factor ETF 9.1 13 12 5.5 -6.6
VXF Vanguard Extended Market Index Fund 9.1 7 18 5.9 -6.2
VUSE Vident Core US Equity Fund 8.6 48 -23 11.0 -1.1
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.4 48 -23 8.8 -3.3
VAMO Cambria Value & Momentum ETF 8.4 64 -39 8.8 -3.3
PSCT Invesco S&P SmallCap Information Technology ETF 8.4 29 -4 7.7 -4.4
KSCD KFA Small Cap Quality Dividend Index ETF 8.1 51 -26 7.4 -4.7
VFMF Vanguard U.S. Multifactor ETF 7.9 18 7 10.9 -1.2
CSF Victory CEMP US Discovery Enhanced Volatility Weighted Idx E 7.8 35 -10 10.9 -1.2
KBE SPDR S&P Bank ETF 7.2 35 -10 15.5 +3.4
IFRA iShares U.S. Infrastructure ETF 6.3 40 -15 7.6 -4.5
JKK iShares Morningstar Small-Cap Growth ETF 6.2 30 -5 2.3 -9.8
DWAS Invesco DWA SmallCap Momentum ETF 6.1 60 -35 1.1 -11.0
KBWR Invesco KBW Regional Banking ETF 6.1 35 -10 14.6 +2.6
JSML Janus Henderson Small Cap Growth Alpha ETF 5.9 35 -10 9.5 -2.6
VBK Vanguard Small-Cap Growth Index Fund 5.9 7 18 3.9 -8.2
BFOR Barron's 400 ETF 5.8 66 -41 9.1 -3.0
VFMO Vanguard U.S. Momentum Factor ETF 5.7 13 12 4.7 -7.4
JHSC John Hancock Multifactor Small Cap ETF 5.6 50 -25 8.6 -3.5
PSCM Invesco S&P SmallCap Materials ETF 5.5 29 -4 13.7 +1.6
VALX Validea Market Legends ETF 5.5 79 -54 19.3 +7.3
TUSA First Trust Total US Market AlphaDEX ETF 5.5 70 -45 9.4 -2.7
PSCU Invesco S&P SmallCap Utilities ETF 5.4 29 -4 3.4 -8.7

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 Small-cap 600 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 8.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 12.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.51
 
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.