iShares Micro-Cap ETF
ALTAR
Score™
-3.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-67.6x P/Sales
ratio
0.9x
P/BV
ratio
2.0x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Microcap Index Fund seeks investment results that correspond to the price and yield performance of the Russell Microcap Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Aug 12, 2005
Assets (mns) $912
Currency USD
Expense ratio 60 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 1256
Wgt avg mkt cap (mns) $486
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 95.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DIGITAL TURBINE, INC. 0.9 %
OVERSTOCK.COM INC 0.8 %
WORKHORSE GROUP INC. 0.7 %
FUELCELL ENERGY, INC. 0.6 %
RUBICON PROJECT INC/THE 0.6 %
INTELLIA THERAPEUTICS, INC. 0.5 %
KURA ONCOLOGY, INC. 0.5 %
SORRENTO THERAPEUTICS, INC. 0.5 %
TUPPERWARE BRANDS CORP 0.5 %
MAXAR TECHNOLOGIES, INC. 0.5 %
Total 6.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
CANADA 0.4 %
BERMUDA 0.3 %
BRITAIN 0.2 %
GERMANY 0.2 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %
IRELAND 0.1 %
ISRAEL 0.1 %
SINGAPORE 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.8% 2.9% 5.8% 8.9% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 1.21 79%
MSCI EAFE 1.28 74%
MSCI Emg. Mkts. 0.96 63%

Technical Indicators
Recent close $111.95
30d moving avg. $100.57
Annualized volatility 24.3%
Short interest (ETF) 2.1%
Short interest (Underlying) 5.2%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.3%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $4,903

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Micro-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with IWC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWC Expense: 60 bp ALTAR Score™: -3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWC
Ticker Fund
Name
Overlap1
vs IWC
(%)
Expense
ratio
(bp)
Savings
vs IWC
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWC
(%)
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 39.4 39 21 4.7 +8.3
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 30.0 29 31 5.4 +9.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 23.0 20 40 4.2 +7.8
CSML IQ Chaikin U.S. Small Cap ETF 20.9 35 25 3.5 +7.1
EES WisdomTree SmallCap Earnings Fund 20.7 38 22 8.8 +12.5
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.6 40 20 6.1 +9.8
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 19.1 39 21 4.1 +7.7
STSB iShares Factors US Small Blend Style ETF 18.7 35 25 2.9 +6.6
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 18.4 29 31 -0.4 +3.3
IWN iShares Russell 2000 Value ETF 17.2 24 36 5.7 +9.4
VFLQ Vanguard U.S. Liquidity Factor ETF 17.1 14 46 3.7 +7.4
SSLY Syntax Stratified SmallCap ETF 16.7 30 30 5.6 +9.3
DWAS Invesco DWA SmallCap Momentum ETF 15.5 60 0 -1.5 +2.2
IWM iShares Russell 2000 ETF 14.5 19 41 2.9 +6.6
AVUV Avantis U.S. Small Cap Value ETF 14.4 25 35 6.9 +10.5
VTWO Vanguard Russell 2000 Index Fund 14.4 10 50 3.0 +6.6
VTWV Vanguard Russell 2000 Value Index Fund 13.9 15 45 5.8 +9.5
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 13.8 125 -65 -2.5 +1.2
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 13.8 35 25 6.8 +10.5
VIOV Vanguard S&P Small-Cap 600 Value ETF 13.7 15 45 7.5 +11.1
TPSC Timothy Plan US Small Cap Core ETF 13.4 52 8 6.5 +10.1
IJS iShares S&P Small-cap 600 Value ETF 13.2 25 35 7.6 +11.2
SLYV SPDR S&P 600 Small Cap Value ETF 13.2 15 45 7.7 +11.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 13.1 24 36 5.9 +9.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 12.3 35 25 7.0 +10.7
RWJ Invesco S&P SmallCap 600 Revenue ETF 12.3 39 21 5.7 +9.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 12.1 12 48 6.6 +10.2
DES WisdomTree U.S. SmallCap Dividend Fund 12.1 38 22 7.4 +11.1
IWO iShares Russell 2000 Growth ETF 11.9 24 36 -0.1 +3.6
VFMO Vanguard U.S. Momentum Factor ETF 11.5 13 47 0.3 +4.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.4 29 31 4.4 +8.1
ROGS Hartford Multifactor Global Small Cap ETF 11.4 34 26 7.2 +10.9
FDM First Trust Dow Jones Select Microcap Index Fund 11.4 60 0 2.5 +6.1
SQLV Legg Mason Small-Cap Quality Value 11.0 62 -2 5.5 +9.2
IUSS Invesco Strategic US Small Company ETF 10.7 23 37 4.4 +8.0
QABA First Trust NASDAQ ABA Community Bank Index Fund 10.6 60 0 8.5 +12.1
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 10.6 35 25 5.3 +9.0
IJR iShares Core S&P Small Cap ETF 10.5 6 54 6.3 +10.0
SPSM SPDR Portfolio Small Cap ETF 10.5 5 55 6.3 +10.0
SLY SPDR S&P 600 Small Cap ETF 10.5 15 45 6.2 +9.9
VIOO Vanguard S&P Small-Cap 600 ETF 10.4 10 50 6.1 +9.7
VTWG Vanguard Russell 2000 Growth Index Fund 10.4 15 45 -0.0 +3.6
FYC First Trust Small Cap Growth AlphaDEX Fund 10.0 70 -10 2.0 +5.7
AFSM First Trust Active Factor Small Cap ETF 9.9 75 -15 5.1 +8.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 9.5 30 30 6.9 +10.5
VFQY Vanguard U.S. Quality Factor ETF 9.5 13 47 5.8 +9.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 9.3 16 44 4.7 +8.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.9 20 40 4.4 +8.0
VFMF Vanguard U.S. Multifactor ETF 8.4 19 41 6.5 +10.2
BTEC Principal Healthcare Innovators Index ETF 8.2 42 18 -2.0 +1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 8.0 15 45 4.9 +8.5
IJT iShares S&P Small-Cap 600 Growth ETF 7.9 25 35 4.8 +8.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.8 25 35 6.2 +9.9
SCHA Schwab U.S. Small-Cap ETF 7.6 4 56 4.1 +7.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 7.5 35 25 7.0 +10.6
FYX First Trust Small Cap Core AlphaDEX Fund 7.4 63 -3 6.4 +10.0
IBBJ Defiance Nasdaq Junior Biotechnology ETF 7.3 45 15 -2.0 +1.7
BBC Virtus LifeSci Biotech Clinical Trials ETF 7.3 79 -19 0.0 +3.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 7.0 39 21 7.9 +11.6
PXSG Invesco S&P SmallCap Momentum ETF 6.9 39 21 4.1 +7.7
KOMP SPDR Kensho New Economies Composite ETF 6.7 20 40 2.1 +5.8
XBI SPDR S&P BIOTECH ETF 6.5 35 25 -2.1 +1.6
CALF Pacer US Small Cap Cash Cows 100 ETF 6.3 59 1 8.0 +11.7
PSC Principal U.S. Small Cap Index ETF 6.1 38 22 5.3 +8.9
DEEP Roundhill Acquirers Deep Value ETF 6.0 80 -20 8.3 +12.0
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.8 38 22 7.6 +11.2
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 5.5 29 31 7.3 +10.9
RZG Invesco S&P Smallcap 600 Pure Growth ETF 5.4 35 25 5.1 +8.8
FSMD Fidelity Small-Mid Factor ETF 5.2 29 31 5.7 +9.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 5.1 17 43 4.3 +7.9
VXF Vanguard Extended Market Index Fund 5.1 6 54 2.8 +6.5
BFOR Barron's 400 ETF 5.0 65 -5 6.0 +9.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 4.8 6 54 4.5 +8.1
JSML Janus Henderson Small Cap Growth Alpha ETF 4.8 30 30 6.8 +10.5
SBIO ALPS Medical Breakthroughs ETF 4.8 50 10 -1.6 +2.0
NUSC Nuveen ESG Small-Cap ETF 4.4 40 20 4.2 +7.9
PSCH Invesco S&P SmallCap Health Care ETF 4.3 29 31 3.1 +6.7
XSHQ Invesco S&P SmallCap Quality ETF 3.8 29 31 6.0 +9.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 3.7 66 -6 2.0 +5.6
VAMO Cambria Value & Momentum ETF 3.6 63 -3 5.9 +9.5
IBB iShares NASDAQ Biotechnology ETF 3.6 46 14 0.6 +4.3
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.5 60 0 1.6 +5.3
PSCT Invesco S&P SmallCap Information Technology ETF 3.4 29 31 4.9 +8.5
XRT SPDR S&P Retail ETF 3.4 35 25 5.0 +8.6
RYJ Invesco Raymond James SB-1 Equity ETF 3.3 76 -16 3.2 +6.9
PSCI Invesco S&P SmallCap Industrials ETF 3.0 29 31 5.6 +9.3
PSCF Invesco S&P SmallCap Financials ETF 2.9 29 31 9.6 +13.3
TUSA First Trust Total US Market AlphaDEX ETF 2.9 70 -10 5.3 +8.9
XSW SPDR S&P Software & Services ETF 2.9 35 25 4.0 +7.7
PTH Invesco DWA Healthcare Momentum ETF 2.9 60 0 -2.5 +1.1
IEIH iShares Evolved U.S. Innovative Healthcare ETF 2.6 18 42 3.3 +7.0
AIRR First Trust RBA American Industrial Renaissance ETF 2.5 70 -10 5.9 +9.6
PAVE Global X U.S. Infrastructure Development ETF 2.5 47 13 4.5 +8.2
VCR Vanguard Consumer Discretionary Index Fund 2.5 10 50 3.6 +7.2
XHE SPDR S&P Health Care Equipment ETF 2.5 35 25 1.6 +5.2
MOON Direxion Moonshot Innovators ETF 2.4 65 -5 -6.5 -2.8
PBW Invesco WilderHill Clean Energy ETF 2.4 70 -10 -2.2 +1.5
GERM ETFMG Treatments Testing and Advancements ETF 2.3 68 -8 -2.9 +0.8
ROOF IQ US Real Estate Small Cap ETF 2.3 70 -10 9.5 +13.2

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 Micro-Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity -6.1 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score -3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 CATEGORY
AVERAGE
1.49
 
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.