iShares S&P 500 Growth ETF
ALTAR
Score™		 3.9% info Recommen-
dation		 UNDERWEIGHT
2021E    2022E
P/E
ratio		 28.1x P/Sales
ratio		 4.8x
P/BV
ratio		 7.7x Div.
yield		 0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 500 Growth Index Fund seeks investment results that correspond to the price and yield performance of U.S. large-cap growth stocks as represented by the S&P 500/Citigroup Growth Index, based on a multifactor methodology.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 22, 2000
Assets (mns) $30,957
Currency USD
Expense ratio 18 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 234
Wgt avg mkt cap (mns) $805,013
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 11.6 %
MICROSOFT CORP 10.5 %
AMAZON.COM INC 7.9 %
FACEBOOK 3.7 %
ALPHABET INC. CLASS A 3.6 %
ALPHABET INC. CLASS C 3.5 %
TESLA MOTORS INC 3.1 %
NVIDIA CORP 2.0 %
PAYPAL HOLDINGS INC 1.8 %
NETFLIX INC 1.4 %
Total 49.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
IRELAND 0.9 %
BRITAIN 0.7 %
SWITZERLAND 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.6% 13.2% 2.5% 1.3% 0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.78 80%
MSCI EAFE 1.16 175%
MSCI Emg. Mkts. 0.48 37%

Technical Indicators
Recent close $63.45
30d moving avg. $65.48
Annualized volatility 16.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.3%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 1,953
Turnover 0.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $159,813

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares S&P 500 Growth ETF ETF based on the alternatives' overlap in portfolio holdings with IVW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IVW Expense: 18 bp ALTAR Score™: 3.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVW
Ticker Fund
Name		 Overlap1
vs IVW
(%)		 Expense
ratio
(bp)		 Savings
vs IVW
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IVW
(%)
SPYG SPDR Portfolio S&P 500 Growth ETF 99.8 4 14 4.0 +0.1
VOOG Vanguard S&P 500 Growth ETF 99.8 10 8 4.0 +0.1
IUSG iShares Core S&P US Growth ETF 93.8 4 14 4.0 +0.1
ESGV Vanguard ESG U.S. Stock ETF 84.0 12 6 4.7 +0.8
IWF iShares Russell 1000 Growth ETF 78.0 19 -1 3.7 -0.2
IWY iShares Russell Top 200 Growth ETF 78.0 20 -2 3.9 +0.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 75.2 12 6 4.2 +0.3
VONG Vanguard Russell 1000 Growth Index Fund 75.0 8 10 3.8 -0.1
MGK Vanguard Mega Cap Growth ETF 74.5 7 11 3.8 -0.1
VUG Vanguard Growth Index Fund 74.1 4 14 3.6 -0.3
SCHG Schwab U.S. Large-Cap Growth ETF 73.9 4 14 3.3 -0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 69.6 49 -31 3.8 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 68.6 27 -9 4.5 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 68.5 60 -42 3.7 -0.2
XVV iShares ESG Screened S&P 500 ETF 66.5 8 10 5.0 +1.1
SPXE ProShares S&P 500 Ex-Energy ETF 65.6 27 -9 4.8 +1.0
TMFC Motley Fool 100 Index ETF 65.6 50 -32 3.0 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 65.1 0 18 4.8 +0.9
PBP Invesco S&P 500 BuyWrite ETF 65.1 49 -31 4.5 +0.6
XLG Invesco S&P 500 Top 50 ETF 64.8 20 -2 4.4 +0.5
MGC Vanguard Mega Cap Index Fund 64.8 7 11 4.8 +1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 64.7 20 -2 4.9 +1.1
XYLG Global X S&P 500 Covered Call & Growth ETF 64.6 60 -42 4.4 +0.6
SPY SPDR S&P 500 ETF Trust 64.6 9 9 4.9 +1.0
SPLG SPDR Portfolio Large Cap ETF 64.6 3 15 5.0 +1.1
IVV iShares Core S&P 500 ETF 64.6 3 15 4.9 +1.1
IWL iShares Russell Top 200 ETF 64.5 15 3 4.7 +0.8
IQSU IQ Candriam ESG US Equity ETF 64.0 9 9 4.7 +0.9
VOO VANGUARD S&P 500 ETF 63.6 3 15 4.9 +1.1
QYLD Global X NASDAQ 100 Covered Call ETF 63.2 60 -42 3.3 -0.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 63.2 60 -42 3.3 -0.6
QQQM Invesco NASDAQ 100 ETF 63.1 15 3 3.8 -0.1
QQQ Invesco QQQ Trust 63.1 20 -2 3.7 -0.2
EFIV SPDR S&P 500 ESG ETF 63.1 10 8 4.9 +1.0
SNPE Xtrackers S&P 500 ESG ETF 63.0 10 8 4.9 +1.0
IETC iShares Evolved U.S. Technology ETF 62.8 18 0 3.6 -0.3
HIPR Direxion High Growth ETF 62.7 40 -22 4.2 +0.3
OEF iShares S&P 100 ETF 62.7 20 -2 4.6 +0.7
NUSI Nationwide Risk-Managed Income ETF 62.2 68 -50 3.2 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 62.1 7 11 4.7 +0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 61.6 27 -9 4.5 +0.6
PBUS Invesco PureBeta MSCI USA ETF 61.1 4 14 4.8 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 61.0 2 16 4.8 +1.0
VV Vanguard Large-Cap Index Fund 61.0 4 14 4.8 +0.9
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 60.3 21 -3 3.1 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 59.7 20 -2 4.8 +0.9
SPTM SPDR Portfolio Total Stock Market ETF 59.6 3 15 5.0 +1.1
SCHX Schwab U.S. Large-Cap ETF 59.5 3 15 4.8 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 59.0 15 3 4.7 +0.8
IGM iShares Expanded Tech Sector ETF 58.2 46 -28 3.4 -0.5
IWB iShares Russell 1000 ETF 57.9 15 3 4.7 +0.8
SCHK Schwab 1000 Index ETF 57.4 5 13 4.7 +0.8
IYY iShares Dow Jones U.S. ETF 57.3 20 -2 4.6 +0.7
CATH Global X S&P 500 Catholic Values Custom ETF 57.0 29 -11 4.7 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 57.0 9 9 5.1 +1.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 56.9 15 3 5.0 +1.1
SFY SoFi Select 500 ETF 56.5 0 18 4.8 +0.9
DSI iShares MSCI KLD 400 Social ETF 56.5 25 -7 4.7 +0.8
SPMO Invesco S&P 500 Momentum ETF 56.0 13 5 4.2 +0.4
VONE Vanguard Russell 1000 ETF 55.9 8 10 4.7 +0.9
VTHR Vanguard Russell 3000 Index Fund 54.6 10 8 4.6 +0.7
IWV iShares Russell 3000 ETF 54.3 20 -2 4.5 +0.6
SCHB Schwab U.S. Broad Market ETF 54.1 3 15 4.6 +0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 53.8 3 15 4.6 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 53.0 32 -14 4.8 +0.9
VTI Vanguard Total Stock Market Index Fund 52.7 3 15 4.6 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 52.6 10 8 5.0 +1.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 52.5 10 8 5.0 +1.1
ACVF American Conservative Values ETF 51.5 75 -57 4.4 +0.5
DFAU Dimensional US Core Equity Market ETF 51.4 12 6 4.9 +1.0
STLG iShares Factors US Growth Style ETF 50.4 25 -7 4.5 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 49.1 8 10 6.2 +2.3
JHML John Hancock Multifactor Large Cap ETF 49.0 29 -11 5.0 +1.1
SPXT ProShares S&P 500 Ex-Technology ETF 48.8 27 -9 5.1 +1.2
RESP WisdomTree US ESG Fund of Benef Interest 48.5 28 -10 5.5 +1.6
NACP Impact Shares NAACP Minority Empowerment ETF 47.8 49 -31 4.6 +0.7
RECS Columbia Research Enhanced Core ETF 47.7 15 3 5.5 +1.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 47.7 15 3 0.0 -3.9
IYW iShares U.S. Technology ETF 47.3 43 -25 3.6 -0.3
SYG SPDR MFS Systematic Growth Equity ETF 47.0 60 -42 3.8 -0.1
VEGN US Vegan Climate ETF 46.8 60 -42 4.0 +0.2
JKE iShares Morningstar Large-Cap Growth ETF 46.5 25 -7 2.4 -1.5
MTUM iShares MSCI USA Momentum Factor ETF 45.7 15 3 2.6 -1.3
FDMO Fidelity Momentum Factor ETF 45.5 29 -11 2.8 -1.1
ADME Aptus Drawdown Managed Equity ETF 45.0 79 -61 3.5 -0.4
USXF iShares ESG Advanced MSCI USA ETF 44.7 10 8 4.7 +0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 44.6 9 9 5.2 +1.3
TOK iShares MSCI Kokusai ETF 44.6 25 -7 5.0 +1.2
IOO iShares Global 100 ETF 44.4 40 -22 4.8 +0.9
SUSA iShares MSCI USA ESG Select ETF 43.9 25 -7 4.5 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 43.6 15 3 5.5 +1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 43.5 75 -57 4.5 +0.6
FQAL Fidelity Quality Factor ETF 43.2 29 -11 5.1 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 43.1 12 6 3.3 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.0 30 -12 5.2 +1.3
KRMA Global X Conscious Companies ETF 42.9 43 -25 5.1 +1.2
AVUS Avantis U.S. Equity ETF 42.9 15 3 5.1 +1.2
SPQQ Siren Large Cap Blend Index ETF 42.9 20 -2 4.0 +0.1
ACIO Aptus Collared Income Opportunity ETF 42.5 79 -61 4.0 +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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 500 Growth 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 30.2 %
Divided by: Fwd. P/BV 7.5 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 3.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.35 CATEGORY
AVERAGE		 1.50
 
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.