iShares Micro-Cap ETF
ALTAR
Score™
-3.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
-42.3x P/Sales
ratio
0.9x
P/BV
ratio
1.7x Div.
yield
2.1%


  • 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) $708
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 1269
Wgt avg mkt cap (mns) $597
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 3.0%
Small cap (<$2bn) 96.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
OVERSTOCK.COM INC 0.5 %
WORKHORSE GROUP INC. 0.5 %
AMERICAN OUTDOOR BRANDS CORPORATIO 0.5 %
SORRENTO THERAPEUTICS, INC. 0.4 %
MAXAR TECHNOLOGIES, INC. 0.4 %
CRYOPORT, INC. 0.4 %
DIGITAL TURBINE, INC. 0.4 %
MALIBU BOATS INC - A 0.4 %
MERSANA THERAPEUTICS, INC. 0.4 %
GENMARK DIAGNOSTICS INC 0.4 %
Total 4.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.9 %
CANADA 0.5 %
BERMUDA 0.3 %
BRITAIN 0.3 %
CAYMAN ISLANDS 0.2 %
PUERTO RICO 0.2 %
GERMANY 0.1 %
IRELAND 0.1 %
ISRAEL 0.1 %
SINGAPORE 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.7% -5.0% 2.7% 9.8% 5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.29 80%
MSCI EAFE 1.32 74%
MSCI Emg. Mkts. 0.95 59%

Technical Indicators
Recent close $86.90
30d moving avg. $85.32
Annualized volatility 24.4%
Short interest (ETF) 1.2%
Short interest (Underlying) 5.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 40
Turnover 0.5%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $7,176

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: -3.9%


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 40.8 39 21 7.7 +11.6
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 29.6 29 31 9.8 +13.6
CSML IQ Chaikin U.S. Small Cap ETF 21.5 35 25 4.2 +8.1
EES WisdomTree SmallCap Earnings Fund 20.9 38 22 11.8 +15.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.4 40 20 6.8 +10.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 19.3 29 31 1.8 +5.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 19.1 20 40 6.0 +9.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 18.3 39 21 4.2 +8.1
VTWV Vanguard Russell 2000 Value Index Fund 17.3 15 45 7.5 +11.4
IWN iShares Russell 2000 Value ETF 17.2 24 36 7.4 +11.2
FDM First Trust Dow Jones Select Microcap Index Fund 16.1 60 0 7.4 +11.3
VFLQ Vanguard U.S. Liquidity Factor ETF 16.0 14 46 4.7 +8.6
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 15.1 125 -65 -3.4 +0.4
SSLY Syntax Stratified SmallCap ETF 14.6 30 30 6.3 +10.1
IWM iShares Russell 2000 ETF 14.2 19 41 3.7 +7.5
TPSC Timothy Plan US Small Cap Core ETF 13.2 52 8 8.4 +12.2
AVUV Avantis U.S. Small Cap Value ETF 13.1 25 35 9.5 +13.3
SLYV SPDR S&P 600 Small Cap Value ETF 13.0 15 45 9.4 +13.2
IJS iShares S&P Small-cap 600 Value ETF 12.9 25 35 9.3 +13.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 12.8 15 45 9.8 +13.6
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 12.8 35 25 8.4 +12.2
BUY USCF SummerHaven SHPEI Index Fund 12.6 80 -20 10.4 +14.3
DES WisdomTree U.S. SmallCap Dividend Fund 12.5 38 22 8.8 +12.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 12.3 12 48 7.9 +11.8
VTWO Vanguard Russell 2000 Index Fund 12.1 10 50 3.7 +7.6
SQLV Legg Mason Small-Cap Quality Value 12.0 62 -2 8.0 +11.8
DWAS Invesco DWA SmallCap Momentum ETF 11.8 60 0 -1.1 +2.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 11.6 35 25 8.3 +12.2
IWO iShares Russell 2000 Growth ETF 11.4 24 36 0.8 +4.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 11.4 39 21 7.8 +11.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.2 29 31 5.7 +9.5
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 11.0 24 36 7.3 +11.2
QABA First Trust NASDAQ ABA Community Bank Index Fund 10.8 60 0 10.8 +14.7
ROGS Hartford Multifactor Global Small Cap ETF 10.4 34 26 8.0 +11.9
SPSM SPDR Portfolio Small Cap ETF 9.7 5 55 7.2 +11.1
IJR iShares Core S&P Small Cap ETF 9.6 7 53 7.2 +11.0
SLY SPDR S&P 600 Small Cap ETF 9.6 15 45 7.1 +11.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 9.3 30 30 7.9 +11.7
VIOO Vanguard S&P Small-Cap 600 ETF 9.3 10 50 7.3 +11.1
IUSS Invesco Strategic US Small Company ETF 9.0 23 37 5.5 +9.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 8.8 35 25 6.4 +10.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.8 20 40 4.7 +8.6
VTWG Vanguard Russell 2000 Growth Index Fund 8.5 15 45 0.8 +4.6
VFMO Vanguard U.S. Momentum Factor ETF 8.5 13 47 1.2 +5.0
VFQY Vanguard U.S. Quality Factor ETF 8.3 13 47 6.1 +10.0
BBC Virtus LifeSci Biotech Clinical Trials ETF 8.3 79 -19 -1.4 +2.5
VFVA Vanguard U.S. Value Factor ETF 8.0 14 46 11.7 +15.5
PSC Principal U.S. Small Cap Index ETF 7.7 38 22 7.1 +11.0
SLYG SPDR S&P 600 Small Cap Growth ETF 6.8 15 45 5.3 +9.2
IJT iShares S&P Small-Cap 600 Growth ETF 6.8 25 35 5.2 +9.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 6.7 25 35 6.8 +10.7
BTEC Principal Healthcare Innovators Index ETF 6.6 42 18 -2.4 +1.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 6.6 39 21 11.8 +15.7
VFMF Vanguard U.S. Multifactor ETF 6.5 19 41 7.3 +11.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 6.5 16 44 5.2 +9.1
KOMP SPDR Kensho New Economies Composite ETF 6.4 20 40 2.6 +6.4
RZV Invesco S&P Smallcap 600 Pure Value ETF 6.3 35 25 10.2 +14.1
XBI SPDR S&P BIOTECH ETF 6.3 35 25 -2.5 +1.4
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 6.1 38 22 9.2 +13.0
SCHA Schwab U.S. Small-Cap ETF 5.9 4 56 4.7 +8.6
FSMD Fidelity Small-Mid Factor ETF 5.8 29 31 7.1 +11.0
AFSM First Trust Active Factor Small Cap ETF 5.5 75 -15 5.7 +9.6
CALF Pacer US Small Cap Cash Cows 100 ETF 5.3 59 1 13.4 +17.3
VXF Vanguard Extended Market Index Fund 5.0 7 53 3.8 +7.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 4.8 35 25 6.0 +9.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 4.8 6 54 5.4 +9.3
SBIO ALPS Medical Breakthroughs ETF 4.7 50 10 -1.9 +2.0
JSML Janus Henderson Small Cap Growth Alpha ETF 4.6 30 30 7.8 +11.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.6 17 43 5.2 +9.1
PSCD Invesco S&P SmallCap Consumer Discretionary ETF 4.3 29 31 9.5 +13.4
NUSC Nuveen ESG Small-Cap ETF 4.3 40 20 5.4 +9.3
PSCH Invesco S&P SmallCap Health Care ETF 4.3 29 31 3.0 +6.9
PXSG Invesco S&P SmallCap Momentum ETF 4.3 39 21 5.1 +8.9
XSHQ Invesco S&P SmallCap Quality ETF 4.1 29 31 6.7 +10.6
FYX First Trust Small Cap Core AlphaDEX Fund 3.8 63 -3 6.7 +10.5
FYC First Trust Small Cap Growth AlphaDEX Fund 3.7 70 -10 2.5 +6.4
BFOR Barron's 400 ETF 3.6 65 -5 6.4 +10.3
PSCT Invesco S&P SmallCap Information Technology ETF 3.5 29 31 5.6 +9.5
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 3.3 35 25 9.6 +13.4
PTH Invesco DWA Healthcare Momentum ETF 3.3 60 0 -2.4 +1.5
VFMV Vanguard U.S. Minimum Volatility ETF 3.2 13 47 3.9 +7.8
GERM ETFMG Treatments Testing and Advancements ETF 3.2 68 -8 -3.1 +0.8
VAMO Cambria Value & Momentum ETF 3.0 64 -4 7.7 +11.6
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 3.0 60 0 3.0 +6.9
AIRR First Trust RBA American Industrial Renaissance ETF 3.0 70 -10 7.4 +11.2
PSCF Invesco S&P SmallCap Financials ETF 3.0 29 31 11.6 +15.5
IBB iShares NASDAQ Biotechnology ETF 2.9 47 13 0.2 +4.0
PSCI Invesco S&P SmallCap Industrials ETF 2.8 29 31 6.7 +10.5
TUSA First Trust Total US Market AlphaDEX ETF 2.7 70 -10 6.0 +9.9
RYJ Invesco Raymond James SB-1 Equity ETF 2.7 82 -22 3.5 +7.4
KRE SPDR S&P Regional Banking ETF 2.6 35 25 11.5 +15.4
XSW SPDR S&P Software & Services ETF 2.5 35 25 4.0 +7.9
SMDV ProShares Russell 2000 Dividend Growers ETF 2.5 40 20 7.6 +11.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 2.5 20 40 9.6 +13.4
XRT SPDR S&P Retail ETF 2.5 35 25 6.9 +10.7
XHE SPDR S&P Health Care Equipment ETF 2.5 35 25 1.7 +5.5
PAVE Global X U.S. Infrastructure Development ETF 2.4 47 13 5.8 +9.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 2.4 18 42 2.9 +6.8
ROOF IQ US Real Estate Small Cap ETF 2.3 70 -10 11.8 +15.6
RNSC Small Cap US Equity Select ETF 2.2 60 0 7.8 +11.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 -5.5 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 60 bp
Equals: ALTAR Score -3.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.33 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.