iShares S&P 600 SmallCap Growth
ALTAR
Score™
4.6% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
22.4x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P SmallCap 600 Growth ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the S&P SmallCap 600/BARRA Growth Index. The Fund uses a Replication Strategy to track the Index. The Index measures the performance of the small-capitalization growth sector of the U.S. equity market.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 28, 2000
Assets (mns) $5,212
Currency USD
Expense ratio 25 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 341
Wgt avg mkt cap (mns) $1,994
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 48.5%
Small cap (<$2bn) 51.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CABOT MICROELECTRONICS CORP 1.2 %
ARROWHEAD PHARMACEUTICALS, INC. 1.1 %
RLI CORP 1.0 %
GLACIER BANCORP INC 1.0 %
VIAVI SOLUTIONS INC. 1.0 %
COMMUNITY BANK SYSTEM INC 1.0 %
BROOKS AUTOMATION INC 0.9 %
NEOGEN CORP 0.9 %
EXPONENT INC 0.9 %
AEROJET ROCKETDYNE HOLDINGS, INC. 0.9 %
Total 9.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
PUERTO RICO 0.8 %
CAYMAN ISLANDS 0.5 %
BRITAIN 0.3 %
IRELAND 0.2 %
BERMUDA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
13.7% 2.6% 9.7% 14.5% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.21 71%
MSCI EAFE 0.87 31%
MSCI Emg. Mkts. 0.48 16%

Technical Indicators
Recent close $183.86
30d moving avg. $180.84
Annualized volatility 17.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.7%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 71
Turnover 0.3%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $5,066

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IJT Expense: 25 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IJT
Ticker Fund
Name
Overlap1
vs IJT
(%)
Expense
ratio
(bp)
Savings
vs IJT
(bp)
ALTAR
Score™
(%)
ALTAR
vs IJT
(%)
SLYG SPDR S&P600 Small Cap Growth 99.4 15 10 4.7 +0.1
VIOG Vanguard S&P Small-Cap 600 Growth 95.0 20 5 4.6 -0.0
SLY SPDR S&P 600 Small Cap 62.7 15 10 6.1 +1.5
IJR iShares Core S&P Small-Cap 62.6 7 18 6.2 +1.6
VIOO Vanguard S&P Small-Cap 600 60.0 15 10 6.0 +1.4
RZG Invesco S&P Smallcap 600 Pure Growth 51.2 35 -10 4.2 -0.4
EWSC Invesco S&P Small Cap 600 Equal Weight 49.1 40 -15 5.7 +1.1
PXSG Invesco Fundamental Pure Small Growth 35.7 39 -14 4.8 +0.2
ISMD Inspire Small/Mid Cap Impact 34.6 61 -36 4.8 +0.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 31.5 29 -4 5.0 +0.4
FLQS Franklin LibertyQ U.S. Small Cap Equity 30.1 35 -10 6.3 +1.7
IWO iShares Russell 2000 Growth 29.4 24 1 0.9 -3.7
CSF Compass EMP US Discovery 500 Enhanced Vol. 29.1 35 -10 7.3 +2.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 28.5 39 -14 5.0 +0.4
VTWG Vanguard Russell 2000 Growth 28.3 20 5 0.9 -3.7
SLYV SPDR S&P600 Small Cap Value 28.0 15 10 7.5 +2.9
IJS iShares S&P 600 SmallCap Value 27.9 25 0 7.4 +2.8
CSA Victory CEMP US Small Cap Volatility Wtd 27.3 35 -10 7.2 +2.6
PSC Principal U.S. Small Cap Index 27.2 38 -13 6.3 +1.7
VIOV Vanguard S&P Small-Cap 600 Value 26.6 20 5 7.3 +2.7

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

  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

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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 Growth
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 10.0 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.55
 
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.