iShares Robotics & Artificial Intelligence ETF
ALTAR
Score™
2.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
57.5x P/Sales
ratio
1.9x
P/BV
ratio
3.3x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Robotics and Artificial Intelligence ETF tracks an equal-weighted index of global equities involved in robotics and artificial intelligence.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 26, 2018
Assets (mns) $234
Currency USD
Expense ratio 47 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 101
Wgt avg mkt cap (mns) $122,643
Large cap (>$10bn) 52.6%
Mid cap ($2-10bn) 28.4%
Small cap (<$2bn) 17.1%
Developed mkts 77.2%
Emerging mkts 22.8%

TOP TEN HOLDINGS
PINTEREST, INC. CLASS A 2.4 %
SNAP, INC. CLASS A 1.7 %
MICROSTRATEGY INC-CL A 1.6 %
NIDEC CORP 1.6 %
XIAOMI CORP. CLASS B 1.5 %
HUBSPOT INC 1.4 %
MTS SYSTEMS CORP 1.3 %
MAIL.RU GROUP-GDR REGS 1.3 %
ADVANCED MICRO DEVICES 1.3 %
QUALCOMM INC 1.2 %
Total 15.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 52.1 %
CHINA 14.6 %
JAPAN 10.1 %
SOUTH KOREA 4.0 %
FRANCE 3.4 %
TAIWAN 2.9 %
SWITZERLAND 2.2 %
BRITAIN 1.8 %
GERMANY 1.8 %
CYPRUS 1.3 %

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.
40.4% 46.7% -- -- 21.7%

Market Correlations
versus... Beta R-squared
S&P500 1.19 87%
MSCI EAFE 1.13 76%
MSCI Emg. Mkts. 1.02 73%

Technical Indicators
Recent close $37.75
30d moving avg. $35.20
Annualized volatility 25.9%
Short interest (ETF) 0.8%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 66
Turnover 1.1%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $77,210

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the iShares Robotics & Artificial Intelligence ETF ETF based on the alternatives' overlap in portfolio holdings with IRBO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IRBO Expense: 47 bp ALTAR Score™: 2.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IRBO
Ticker Fund
Name
Overlap1
vs IRBO
(%)
Expense
ratio
(bp)
Savings
vs IRBO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IRBO
(%)
XITK SPDR FactSet Innovative Technology ETF 24.6 45 2 0.5 -1.9
THNQ ROBO Global Artificial Intelligence ETF 23.7 68 -21 1.5 -0.9
AIQ Global X Future Analytics Tech ETF 23.3 68 -21 3.8 +1.4
TECB iShares US Tech Breakthrough Multisector ETF 22.4 40 7 3.9 +1.5
QTUM Defiance Quantum ETF 22.2 40 7 4.9 +2.6
FXL First Trust Technology AlphaDEX Fund 20.7 61 -14 3.7 +1.3
GIGE SoFi Gig Economy ETF 20.0 59 -12 -0.6 -2.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 19.4 75 -28 4.0 +1.6
ROBO Robo Global Robotics & Automation Index ETF 18.8 95 -48 2.8 +0.5
OGIG O'Shares Global Internet Giants ETF 18.2 48 -1 0.7 -1.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 17.9 35 12 4.2 +1.9
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 17.9 59 -12 4.0 +1.6
SOCL Global X Social Media ETF 17.3 65 -18 2.1 -0.3
IGM iShares Expanded Tech Sector ETF 17.2 46 1 3.6 +1.2
JHMT John Hancock Multifactor Technology ETF 17.2 40 7 4.4 +2.0
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 17.1 65 -18 2.7 +0.3
ANEW ProShares MSCI Transformational Changes ETF 16.4 45 2 3.1 +0.7
IYW iShares U.S. Technology ETF 16.2 43 4 3.7 +1.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 16.2 57 -10 4.6 +2.2
DTEC ALPS Disruptive Technologies ETF 15.7 50 -3 2.9 +0.5
GVIP Goldman Sachs Hedge Industry VIP ETF 15.5 45 2 3.5 +1.1
IETC iShares Evolved U.S. Technology ETF 15.3 18 29 3.6 +1.3
XNTK SPDR NYSE Technology ETF 15.2 35 12 3.2 +0.9
NXTG First Trust Indxx NextG ETF 14.8 70 -23 5.6 +3.2
GENY Principal Millennials Index ETF 14.7 45 2 3.6 +1.2
RYT Invesco S&P 500 Equal Weight Technology ETF 14.4 40 7 6.1 +3.7
XT iShares Exponential Technologies ETF 14.3 47 0 4.7 +2.3
FTC First Trust Large Cap Growth AlphaDEX Fund 14.3 61 -14 2.4 -0.0
SLT Pacer Salt High TruBeta US Market ETF 14.3 60 -13 3.1 +0.7
QYLD Global X NASDAQ 100 Covered Call ETF 14.3 60 -13 3.4 +1.0
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 14.2 60 -13 3.4 +1.0
QQQM Invesco NASDAQ 100 ETF 14.1 15 32 3.8 +1.4
QQQ Invesco QQQ Trust 14.1 20 27 3.7 +1.3
RPG Invesco S&P 500 Pure Growth ETF 14.1 35 12 4.2 +1.8
NUSI Nationwide Risk-Managed Income ETF 14.1 68 -21 3.6 +1.2
DRIV Global X Autonomous & Electric Vehicles ETF 14.0 68 -21 4.9 +2.5
BLCN Reality Shares Nasdaq NextGen Economy ETF 13.7 68 -21 5.2 +2.8
FDN First Trust Dow Jones Internet Index Fund 13.6 52 -5 1.8 -0.5
PLAT WisdomTree Modern Tech Platforms Fund 13.5 20 27 1.4 -0.9
PEXL Pacer US Export Leaders ETF 13.3 60 -13 5.5 +3.1
ESGV Vanguard ESG U.S. Stock ETF 13.3 12 35 4.7 +2.4
IXN iShares Global Tech ETF 13.2 46 1 4.1 +1.8
FTEC Fidelity MSCI Information Technology Index ETF 13.2 8 39 4.2 +1.9
VOOG Vanguard S&P 500 Growth ETF 13.2 10 37 4.1 +1.8
VGT Vanguard Information Technology Index Fund 13.1 10 37 4.2 +1.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 13.1 21 26 2.9 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 13.0 60 -13 3.8 +1.5
IVW iShares S&P 500 Growth ETF 13.0 18 29 4.1 +1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 13.0 4 43 4.2 +1.8
XSD SPDR S&P Semiconductor ETF 12.9 35 12 3.5 +1.1
IUSG iShares Core S&P US Growth ETF 12.9 4 43 4.2 +1.8
IWF iShares Russell 1000 Growth ETF 12.9 19 28 3.6 +1.3
VUG Vanguard Growth Index Fund 12.8 4 43 3.7 +1.3
VONG Vanguard Russell 1000 Growth Index Fund 12.8 8 39 3.8 +1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 12.7 12 35 4.2 +1.8
SKYY First Trust Cloud Computing ETF 12.6 60 -13 2.0 -0.4
CCON Direxion Connected Consumer ETF 12.5 45 2 1.4 -1.0
SPXN ProShares S&P 500 Ex-Financials ETF 12.3 27 20 4.6 +2.3
WUGI Esoterica NextG Economy ETF 12.3 75 -28 1.3 -1.1
XLK Technology Select Sector SPDR Fund 12.2 13 34 4.5 +2.1
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 12.2 99 -52 1.5 -0.9
VEGN US Vegan Climate ETF 12.1 60 -13 4.7 +2.4
PNQI Invesco NASDAQ Internet ETF 12.1 60 -13 1.2 -1.2
SPXV ProShares S&P 500 Ex-Health Care ETF 12.0 27 20 4.6 +2.3
JKE iShares Morningstar Large-Cap Growth ETF 12.0 25 22 2.9 +0.5
CATH Global X S&P 500 Catholic Values Custom ETF 12.0 29 18 4.7 +2.4
BKLC BNY Mellon US Large Cap Core Equity ETF 12.0 0 47 4.8 +2.4
IWY iShares Russell Top 200 Growth ETF 12.0 20 27 3.8 +1.4
KOMP SPDR Kensho New Economies Composite ETF 11.9 20 27 2.2 -0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 11.9 49 -2 3.9 +1.6
IWL iShares Russell Top 200 ETF 11.9 15 32 4.6 +2.3
SFY SoFi Select 500 ETF 11.8 0 47 4.8 +2.4
MGK Vanguard Mega Cap Growth ETF 11.8 7 40 3.9 +1.5
ARKW ARK Web x.0 ETF 11.8 76 -29 -0.8 -3.2
MGC Vanguard Mega Cap Index Fund 11.8 7 40 4.8 +2.4
ESGU iShares MSCI USA ESG Optimized ETF 11.7 15 32 4.7 +2.3
PBP Invesco S&P 500 BuyWrite ETF 11.7 49 -2 4.7 +2.3
IWFH iShares Virtual Work and Life Multisector ETF 11.7 47 0 0.8 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 11.7 27 20 4.9 +2.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 11.7 7 40 4.8 +2.5
CACG ClearBridge All Cap Growth ETF 11.7 54 -7 4.1 +1.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.7 20 27 5.0 +2.6
JQUA JPMorgan U.S. Quality Factor ETF 11.6 12 35 5.2 +2.8
HSPX Global X S&P 500 Covered Call ETF 11.6 60 -13 4.7 +2.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 11.6 20 27 4.6 +2.3
XYLG Global X S&P 500 Covered Call & Growth ETF 11.6 60 -13 4.7 +2.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 11.6 49 -2 4.7 +2.3
IQM Franklin Intelligent Machines ETF 11.5 50 -3 1.6 -0.8
PBUS Invesco PureBeta MSCI USA ETF 11.5 4 43 4.8 +2.5
SPY SPDR S&P 500 ETF Trust 11.5 9 38 5.0 +2.6
IVV iShares Core S&P 500 ETF 11.5 3 44 5.1 +2.7
SPLG SPDR Portfolio Large Cap ETF 11.5 3 44 5.1 +2.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 11.5 2 45 4.9 +2.5
OEF iShares S&P 100 ETF 11.4 20 27 4.5 +2.2
SCHX Schwab U.S. Large-Cap ETF 11.4 3 44 4.8 +2.4
VOO VANGUARD S&P 500 ETF 11.4 3 44 5.1 +2.7
VV Vanguard Large-Cap Index Fund 11.4 4 43 4.8 +2.5

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 Robotics & Artificial Intelligence 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 8.5 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 2.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.48
 
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.