iShares U.S. Home Construction ETF
ALTAR
Score™
8.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.0x
P/BV
ratio
1.8x Div.
yield
1.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares US Home Construction Index Fund is an exchange-traded fund located in the USA. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones US Select Home Builders Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 05, 2006
Assets (mns) $1,025
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 44
Wgt avg mkt cap (mns) $26,957
Large cap (>$10bn) 55.2%
Mid cap ($2-10bn) 33.4%
Small cap (<$2bn) 11.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DR HORTON INC 15.5 %
LENNAR CORP-CL A 14.4 %
NVR INC 9.3 %
PULTE HOMES INC 5.4 %
LOWE'S COS INC 4.9 %
HOME DEPOT INC 4.0 %
SHERWIN-WILLIAMS CO/THE 3.7 %
TOPBUILD CORP 3.5 %
TOLL BROTHERS INC 3.3 %
MASCO CORP 2.8 %
Total 66.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %
CANADA 0.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.6% -3.2% 7.6% 9.7% -0.5%

Market Correlations
versus... Beta R-squared
S&P500 1.52 66%
MSCI EAFE 1.57 61%
MSCI Emg. Mkts. 1.19 55%

Technical Indicators
Recent close $41.85
30d moving avg. $35.18
Annualized volatility 31.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2,807
Turnover 11.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $4,407

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares U.S. Home Construction ETF ETF based on the alternatives' overlap in portfolio holdings with ITB. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ITB Expense: 42 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ITB
Ticker Fund
Name
Overlap1
vs ITB
(%)
Expense
ratio
(bp)
Savings
vs ITB
(bp)
ALTAR
Score™
(%)
ALTAR
vs ITB
(%)
XHB SPDR S&P Homebuilders ETF 53.5 35 7 8.2 -0.6
PKB Invesco Dynamic Building & Construction ETF 42.4 60 -18 8.1 -0.6
HOMZ Hoya Capital Housing ETF 34.8 45 -3 7.7 -1.0
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 13.6 29 13 9.7 +0.9
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 13.2 40 2 9.0 +0.2
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 11.7 39 3 6.7 -2.1
XLY Consumer Discretionary Select Sector SPDR Fund 11.5 13 29 4.7 -4.1
PXSG Invesco S&P SmallCap Momentum ETF 10.9 39 3 5.6 -3.2
VCR Vanguard Consumer Discretionary Index Fund 10.3 10 32 4.4 -4.4
FDIS Fidelity MSCI Consumer Discretionary Index ETF 9.9 8 34 4.2 -4.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 9.0 64 -22 10.5 +1.7
RTH VanEck Vectors Retail ETF 8.9 35 7 5.2 -3.6
RXI iShares Global Consumer Discretionary ETF 8.7 46 -4 6.3 -2.5
BUL Pacer US Cash Cows Growth ETF 8.6 60 -18 5.9 -2.9
IYC iShares U.S. Consumer Services ETF 7.8 42 0 4.6 -4.2
JHMC John Hancock Multifactor Consumer Discretionary ETF 7.7 40 2 5.2 -3.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 7.6 60 -18 3.3 -5.5
IEDI iShares Evolved U.S. Discretionary Spending ETF 7.3 18 24 4.2 -4.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 7.3 35 7 6.8 -2.0
LEAD Reality Shares DIVCON Leaders Dividend ETF 6.8 43 -1 4.6 -4.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.6 15 27 7.2 -1.6
VAMO Cambria Value & Momentum ETF 6.5 64 -22 8.0 -0.8
SPGP Invesco S&P 500 GARP ETF 6.4 35 7 7.9 -0.9
MILN Global X Millennials Thematic ETF 6.3 50 -8 3.3 -5.5
PXMV Invesco S&P MidCap Value with Momentum ETF 6.0 39 3 10.4 +1.7
JHMI John Hancock Multifactor Industrials ETF 5.9 40 2 6.7 -2.1
NULG Nuveen ESG Large-Cap Growth ETF 5.9 35 7 3.6 -5.2
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 5.9 29 13 4.5 -4.3
RPG Invesco S&P 500 Pure Growth ETF 5.8 35 7 4.7 -4.1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 5.8 60 -18 9.4 +0.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 5.8 49 -7 3.3 -5.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 5.7 75 -33 6.3 -2.5
MAGA Point Bridge GOP Stock Tracker ETF 5.6 72 -30 7.0 -1.7
SPVM Invesco S&P 500 Value with Momentum ETF 5.6 39 3 10.3 +1.5
GENY Principal Millennials Index ETF 5.6 45 -3 4.5 -4.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.5 39 3 11.2 +2.5
FYT First Trust Small Cap Value AlphaDEX Fund 5.4 72 -30 10.4 +1.6
CWS AdvisorShares Focused Equity ETF 5.4 85 -43 5.7 -3.1
BFOR Barron's 400 ETF 5.2 66 -24 6.8 -2.0
IJT iShares S&P Small-Cap 600 Growth ETF 5.2 25 17 5.7 -3.1
SLYG SPDR S&P 600 Small Cap Growth ETF 5.2 15 27 5.8 -3.0
VIOG Vanguard S&P Small-Cap 600 Growth ETF 5.2 16 26 5.8 -3.0
QVAL Alpha Architect U.S. Quantitative Value ETF 5.1 49 -7 12.7 +3.9
AFSM First Trust Active Factor Small Cap ETF 5.1 75 -33 6.9 -1.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.1 37 5 7.2 -1.6
VUSE Vident Core US Equity Fund 5.1 48 -6 8.5 -0.3
JHMA John Hancock Multifactor Materials ETF 4.9 40 2 7.5 -1.3
DFND Reality Shares DIVCON Dividend Defender ETF 4.8 121 -79 3.8 -5.0
JKD iShares Morningstar Large-Cap ETF 4.8 20 22 6.2 -2.6
PWC Invesco Dynamic Market ETF 4.8 59 -17 7.3 -1.5
JSML Janus Henderson Small Cap Growth Alpha ETF 4.7 35 7 6.5 -2.3
SYLD Cambria Shareholder Yield ETF 4.7 59 -17 10.5 +1.7
FTXD First Trust Nasdaq Retail ETF 4.6 60 -18 6.3 -2.5
OUSA O'Shares FTSE US Quality Dividend ETF 4.6 48 -6 5.9 -2.9
SPMO Invesco S&P 500 Momentum ETF 4.6 13 29 4.6 -4.2
IFRA iShares U.S. Infrastructure ETF 4.6 40 2 6.3 -2.5
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 4.5 20 22 8.3 -0.5
TMDV ProShares Russell US Dividend Growers ETF 4.5 35 7 5.6 -3.2
VAW Vanguard Materials Index Fund 4.4 10 32 6.7 -2.1
FAB First Trust Multi Cap Value AlphaDEX Fund 4.4 71 -29 10.9 +2.1
PFM Invesco Dividend Achievers ETF 4.4 54 -12 5.6 -3.2
TPSC Timothy Plan US Small Cap Core ETF 4.4 52 -10 8.4 -0.4
FMAT Fidelity MSCI Materials Index ETF 4.4 8 34 6.7 -2.1
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 4.4 75 -33 6.2 -2.6
NOBL ProShares S&P 500 Dividend Aristocrats ETF 4.4 35 7 6.6 -2.2
SCHD Schwab U.S. Dividend Equity ETF 4.4 6 36 7.7 -1.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 4.3 17 25 7.1 -1.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 4.3 19 23 5.9 -2.9
AFLG First Trust Active Factor Large Cap ETF 4.3 55 -13 6.2 -2.6
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 4.2 35 7 5.6 -3.2
SHE SPDR SSGA Gender Diversity Index ETF 4.1 20 22 5.8 -3.0
ONEO SPDR Russell 1000 Momentum Focus ETF 4.1 20 22 7.1 -1.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 4.1 29 13 6.5 -2.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 4.1 24 18 8.2 -0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 4.0 16 26 5.9 -2.9
QVM Arrow QVM Equity Factor ETF 4.0 65 -23 5.4 -3.4
FTA First Trust Large Cap Value AlphaDEX Fund 4.0 60 -18 10.4 +1.6
GURU Global X Guru Index ETF 4.0 75 -33 3.8 -5.0
ESGS Columbia Sustainable U.S. Equity Income ETF 3.9 35 7 9.6 +0.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 3.9 39 3 6.3 -2.5
AVUV Avantis U.S. Small Cap Value ETF 3.8 25 17 10.2 +1.5
EDOW First Trust Dow 30 Equal Weight ETF 3.8 50 -8 6.2 -2.6
FNK First Trust Mid Cap Value AlphaDEX Fund 3.8 70 -28 12.3 +3.6
IJR iShares Core S&P Small Cap ETF 3.8 7 35 7.8 -1.0
FYX First Trust Small Cap Core AlphaDEX Fund 3.8 63 -21 7.3 -1.5
SPSM SPDR Portfolio Small Cap ETF 3.8 5 37 7.9 -0.9
SLY SPDR S&P 600 Small Cap ETF 3.8 15 27 7.8 -1.0
QSY WisdomTree U.S. LargeCap Value Fund 3.7 38 4 7.4 -1.4
REVS Columbia Research Enhanced Value ETF 3.7 19 23 8.1 -0.7
PSC Principal U.S. Small Cap Index ETF 3.7 38 4 8.0 -0.8
RTM Invesco S&P 500 Equal Weight Materials ETF 3.7 40 2 7.0 -1.8
XLB Materials Select Sector SPDR Fund 3.7 13 29 6.4 -2.4
PRN Invesco DWA Industrials Momentum ETF 3.7 60 -18 5.1 -3.7
IUSS Invesco Strategic US Small Company ETF 3.7 23 19 6.6 -2.2
VIOO Vanguard S&P Small-Cap 600 ETF 3.7 10 32 7.6 -1.2
JKG iShares Morningstar Mid-Cap ETF 3.7 25 17 6.6 -2.2
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 3.7 25 17 7.9 -0.9
NULC Nuveen ESG Large-Cap ETF 3.7 20 22 5.5 -3.3
RECS Columbia Research Enhanced Core ETF 3.6 15 27 5.9 -2.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 3.6 35 7 6.8 -2.0

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 U.S. Home Construction ETF
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 15.6 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.52
 
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.