iShares Robotics and Artificial Intelligence
ALTAR
Score™
2.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.8x P/Sales
ratio
1.7x
P/BV
ratio
3.0x Div.
yield
0.8%


  • 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) $81
Currency USD
Expense ratio 47 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 103
Wgt avg mkt cap (mns) $87,988
Large cap (>$10bn) 46.2%
Mid cap ($2-10bn) 35.2%
Small cap (<$2bn) 16.5%
Developed mkts 79.9%
Emerging mkts 20.1%

TOP TEN HOLDINGS
ALTERYX, INC. CLASS A 1.3 %
KINGSOFT CORP LTD 1.2 %
XIAOMI CORP. CLASS B 1.2 %
ADVANCED MICRO DEVICES 1.2 %
3D SYSTEMS CORP 1.2 %
NVIDIA CORP 1.2 %
PING AN HEALTHCARE AND TECHNOLOGY 1.2 %
AMBARELLA INC 1.2 %
IQIYI, INC. SPONSORED ADR CLASS A 1.2 %
PARADE TECHNOLOGIES, LTD. 1.1 %
Total 12.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 52.3 %
CHINA 13.2 %
JAPAN 8.6 %
SOUTH KOREA 3.8 %
FRANCE 3.5 %
GERMANY 3.0 %
TAIWAN 2.9 %
BRITAIN 1.8 %
SWITZERLAND 1.1 %
CYPRUS 1.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.2% 18.6% -- -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.44 87%
MSCI EAFE 1.56 76%
MSCI Emg. Mkts. 1.13 63%

Technical Indicators
Recent close $28.80
30d moving avg. $28.03
Annualized volatility 23.5%
Short interest (ETF) 1.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 44
Turnover 1.6%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $49,264

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Robotics and Artificial Intelligence 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™: 2.7%


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 26.6 45 2 0.6 -2.2
QTUM Defiance Quantum 25.2 40 7 5.4 +2.7
AIQ Global X Future Analytics Tech 23.5 68 -21 4.0 +1.3
TECB iShares U.S. Tech Breakthrough Multisector ETF 22.8 40 7 4.3 +1.6
GDAT Goldman Sachs Motif Data-Driven World 20.7 50 -3 5.3 +2.6
ROBO Robo Global Robotics & Automation 20.5 95 -48 3.3 +0.6
QQEW First Trust NASDAQ 100 Equal Weight 19.6 60 -13 4.7 +2.0
QQQE Direxion NASDAQ-100 Equal Weight 19.6 35 12 5.0 +2.2
DTEC ALPS Disruptive Technologies 19.3 50 -3 3.2 +0.5
OGIG O'Shares Global Internet Giants 18.7 48 -1 1.0 -1.7
GIGE SoFi Gig Economy 18.7 59 -12 -0.0 -2.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics 17.8 65 -18 2.8 +0.0
JHMT John Hancock Multifactor Technology 17.6 40 7 5.6 +2.9
IGM iShares S&P N. American Technology 17.4 46 1 4.1 +1.3
SPHB Invesco S&P 500 High Beta 17.3 25 22 6.8 +4.0
QTEC First Trust NASDAQ 100 Tech 17.1 57 -10 5.1 +2.4
ARKW ARK Web x.O 17.1 75 -28 -0.5 -3.2
GMAN Goldman Sachs Motif Manufacturing Revolution 17.0 50 -3 4.3 +1.6
FXL First Trust Technology Alphadex 16.9 63 -16 4.2 +1.5
SOCL Global X Social Media 16.8 65 -18 2.8 +0.1

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 and Artificial Intelligence
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 9.5 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.