iShares Core S&P 500 ETF
ALTAR
Score™		 5.1% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 26.4x P/Sales
ratio		 2.6x
P/BV
ratio		 3.6x Div.
yield		 1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P500 Index Fund seeks investment results that correspond generally to the price and yield performance of the large capitalization sector of the U.S. equity market, as represented by the Standard& Poor's 500 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 15, 2000
Assets (mns) $222,211
Currency USD
Expense ratio 3 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 505
Wgt avg mkt cap (mns) $468,666
Large cap (>$10bn) 98.0%
Mid cap ($2-10bn) 2.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.4 %
MICROSOFT CORP 5.7 %
AMAZON.COM INC 4.7 %
FACEBOOK 2.4 %
ALPHABET INC. CLASS A 1.7 %
ALPHABET INC. CLASS C 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
JOHNSON & JOHNSON 1.3 %
PROCTER & GAMBLE CO/THE 1.2 %
NVIDIA CORP 1.2 %
Total 27.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 1.7 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
BERMUDA 0.0 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.5% 14.9% 14.1% 13.7% 6.3%

Market Correlations
versus... Beta R-squared
S&P500 0.99 100%
MSCI EAFE 1.01 85%
MSCI Emg. Mkts. 0.73 69%

Technical Indicators
Recent close $346.96
30d moving avg. $339.97
Annualized volatility 17.6%
Short interest (ETF) 0.5%
Short interest (Underlying) 2.3%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 4,100
Turnover 0.6%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $213,279

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Core S&P 500 ETF ETF based on the alternatives' overlap in portfolio holdings with IVV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IVV Expense: 3 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVV
Ticker Fund
Name		 Overlap1
vs IVV
(%)		 Expense
ratio
(bp)		 Savings
vs IVV
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IVV
(%)
PBP Invesco S&P 500 BuyWrite ETF 99.8 49 -46 4.7 -0.4
SPY SPDR S&P 500 ETF Trust 99.7 9 -6 5.1 -0.1
SPLG SPDR Portfolio Large Cap ETF 99.5 3 0 5.1 0.0
HSPX Global X S&P 500 Covered Call ETF 99.5 60 -57 4.7 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 99.3 60 -57 4.8 -0.4
VOO VANGUARD S&P 500 ETF 98.2 3 0 5.2 +0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 98.2 20 -17 5.1 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 97.1 27 -24 5.0 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 94.3 7 -4 5.0 -0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 93.0 2 1 5.0 -0.1
PBUS Invesco PureBeta MSCI USA ETF 92.3 4 -1 5.0 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 91.8 3 0 5.3 +0.1
VV Vanguard Large-Cap Index Fund 91.5 4 -1 5.0 -0.2
SCHX Schwab U.S. Large-Cap ETF 90.0 3 0 4.9 -0.2
SCHK Schwab 1000 Index ETF 88.0 5 -2 5.0 -0.2
IWB iShares Russell 1000 ETF 87.8 15 -12 4.8 -0.3
IYY iShares Dow Jones U.S. ETF 87.0 20 -17 4.8 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 86.8 27 -24 4.7 -0.4
VONE Vanguard Russell 1000 ETF 85.9 8 -5 4.9 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 85.1 27 -24 4.8 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 85.0 29 -26 4.9 -0.2
MGC Vanguard Mega Cap Index Fund 84.5 7 -4 4.9 -0.2
ESGV Vanguard ESG U.S. Stock ETF 84.5 12 -9 4.9 -0.3
VTHR Vanguard Russell 3000 Index Fund 83.7 10 -7 4.8 -0.4
IWV iShares Russell 3000 ETF 82.6 20 -17 4.7 -0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 82.6 20 -17 4.7 -0.4
SCHB Schwab U.S. Broad Market ETF 82.6 3 0 4.9 -0.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 82.3 3 0 4.8 -0.3
IWL iShares Russell Top 200 ETF 82.1 15 -12 4.7 -0.4
BKLC BNY Mellon US Large Cap Core Equity ETF 80.9 0 3 4.9 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 80.4 15 -12 4.8 -0.3
VTI Vanguard Total Stock Market Index Fund 79.4 3 0 4.8 -0.3
SFY SoFi Select 500 ETF 77.7 0 3 4.9 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 75.1 8 -5 6.2 +1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 74.6 12 -9 4.5 -0.7
EFIV SPDR S&P 500 ESG ETF 74.6 10 -7 4.9 -0.3
SNPE Xtrackers S&P 500 ESG ETF 74.5 10 -7 4.8 -0.3
JHML John Hancock Multifactor Large Cap ETF 73.9 29 -26 5.3 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 73.4 9 -6 5.3 +0.2
IQSU IQ Candriam ESG US Equity ETF 72.4 9 -6 4.9 -0.3
VOOG Vanguard S&P 500 Growth ETF 72.0 10 -7 4.1 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 71.6 27 -24 5.3 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 71.4 4 -1 4.2 -1.0
IVW iShares S&P 500 Growth ETF 71.4 18 -15 16.6 +11.5
IUSG iShares Core S&P US Growth ETF 70.2 4 -1 4.2 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 66.9 25 -22 6.5 +1.3
QUS SPDR MSCI USA StrategicFactors ETF 66.8 15 -12 5.6 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 66.7 9 -6 5.5 +0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 66.7 60 -57 3.9 -1.2
TOK iShares MSCI Kokusai ETF 66.7 25 -22 5.4 +0.2
OEF iShares S&P 100 ETF 66.2 20 -17 4.6 -0.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 66.0 25 -22 6.0 +0.9
PRF Invesco FTSE RAFI US 1000 ETF 65.6 39 -36 6.6 +1.4
AVUS Avantis U.S. Equity ETF 65.2 15 -12 5.4 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 64.5 25 -22 6.5 +1.4
ESG FlexShares STOXX US ESG Impact Index Fund 64.2 32 -29 4.9 -0.3
IUS Invesco Strategic US ETF 62.3 19 -16 6.3 +1.1
URTH iShares MSCI World ETF 61.9 24 -21 5.4 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 61.8 25 -22 6.6 +1.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 59.7 15 -12 6.0 +0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 59.6 28 -25 6.3 +1.1
DTD WisdomTree U.S.Total Dividend Fund 59.3 28 -25 6.5 +1.4
VLU SPDR S&P 1500 Value Tilt ETF 58.5 12 -9 7.1 +1.9
RWL Invesco S&P 500 Revenue ETF 58.1 39 -36 7.0 +1.8
IWF iShares Russell 1000 Growth ETF 57.8 19 -16 3.6 -1.6
VONG Vanguard Russell 1000 Growth Index Fund 57.6 8 -5 3.7 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 57.5 30 -27 6.4 +1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.2 29 -26 5.8 +0.6
VOOV Vanguard S&P 500 Value ETF 55.9 10 -7 7.1 +2.0
IVE iShares S&P 500 Value ETF 55.6 18 -15 7.0 +1.8
SPYV SPDR Portfolio S&P 500 Value ETF 55.6 4 -1 7.1 +2.0
IUSV iShares Core S&P U.S. Value ETF 55.0 4 -1 7.2 +2.1
VUG Vanguard Growth Index Fund 55.0 4 -1 3.8 -1.4
VONV Vanguard Russell 1000 Value Index Fund 54.9 8 -5 6.8 +1.6
IWD iShares Russell 1000 Value ETF 54.8 19 -16 6.7 +1.5
XLG Invesco S&P 500 Top 50 ETF 54.7 20 -17 4.3 -0.8
SCHV Schwab U.S. Large-Cap Value ETF 54.4 4 -1 6.6 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 54.0 75 -72 4.6 -0.5
EXT WisdomTree U.S. Total Earnings Fund 53.9 28 -25 5.3 +0.2
ACWI iShares MSCI ACWI ETF 53.8 32 -29 5.6 +0.5
AFLG First Trust Active Factor Large Cap ETF 53.5 55 -52 5.2 +0.1
DSI iShares MSCI KLD 400 Social ETF 53.4 25 -22 4.9 -0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 53.3 20 -17 5.8 +0.7
IWY iShares Russell Top 200 Growth ETF 53.2 20 -17 3.7 -1.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 53.1 20 -17 5.8 +0.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.7 42 -39 5.1 -0.1
RECS Columbia Research Enhanced Core ETF 52.2 15 -12 5.4 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 51.8 75 -72 4.1 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 51.2 49 -46 3.9 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 50.7 30 -27 6.0 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 50.4 10 -7 5.1 -0.0
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.3 10 -7 5.1 -0.0
KRMA Global X Conscious Companies ETF 50.1 43 -40 5.0 -0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 50.0 19 -16 5.8 +0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 49.5 9 -6 5.7 +0.6
RSP Invesco S&P 500 Equal Weight ETF 49.2 20 -17 6.3 +1.1
MGK Vanguard Mega Cap Growth ETF 49.2 7 -4 3.9 -1.2
DGRO iShares Core Dividend Growth ETF 48.9 8 -5 6.5 +1.3
VEGN US Vegan Climate ETF 48.8 60 -57 4.9 -0.3
QLC FlexShares US Quality Large Cap Index Fund 47.8 32 -29 5.0 -0.2

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 Core S&P 500 ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.0 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 3 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.43 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.