iShares Russell Top 200 ETF
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
2.8x
P/BV
ratio
3.7x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Top 200 Index Fund seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Sep 22, 2009
Assets (mns) $647
Currency USD
Expense ratio 15 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 194
Wgt avg mkt cap (mns) $481,192
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 7.1 %
MICROSOFT CORP 7.0 %
AMAZON.COM INC 5.8 %
FACEBOOK 2.6 %
ALPHABET INC. CLASS A 2.0 %
ALPHABET INC. CLASS C 2.0 %
JOHNSON & JOHNSON 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.7 %
VISA INC-CLASS A SHARES 1.5 %
PROCTER & GAMBLE CO/THE 1.4 %
Total 32.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.2 %
IRELAND 1.4 %
BRITAIN 0.9 %
SWITZERLAND 0.3 %







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.
-0.7% 10.9% 11.7% 14.2% 13.0%

Market Correlations
versus... Beta R-squared
S&P500 0.97 100%
MSCI EAFE 0.95 83%
MSCI Emg. Mkts. 0.69 68%

Technical Indicators
Recent close $76.97
30d moving avg. $74.66
Annualized volatility 16.5%
Short interest (ETF) 0.4%
Short interest (Underlying) 1.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 59
Turnover 0.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $214,985

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Russell Top 200 ETF ETF based on the alternatives' overlap in portfolio holdings with IWL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWL Expense: 15 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWL
Ticker Fund
Name
Overlap1
vs IWL
(%)
Expense
ratio
(bp)
Savings
vs IWL
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWL
(%)
BKLC BNY Mellon US Large Cap Core Equity ETF 96.0 0 15 5.1 +0.2
MGC Vanguard Mega Cap Index Fund 93.8 7 8 5.2 +0.2
PBP Invesco S&P 500 BuyWrite ETF 85.0 49 -34 5.0 +0.0
SPXN ProShares S&P 500 Ex-Financials ETF 83.6 27 -12 4.9 -0.1
HSPX Global X S&P 500 Covered Call ETF 83.5 65 -50 4.8 -0.1
SPXE ProShares S&P 500 Ex-Energy ETF 83.2 27 -12 5.2 +0.3
SPY SPDR S&P 500 ETF Trust 83.1 9 6 5.3 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 83.1 20 -5 5.3 +0.3
IVV iShares Core S&P 500 ETF 82.9 4 11 5.3 +0.4
SPLG SPDR Portfolio Large Cap ETF 82.9 3 12 5.3 +0.4
VOO VANGUARD S&P 500 ETF 82.8 3 12 5.4 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 82.2 27 -12 4.9 -0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 82.0 20 -5 4.9 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 81.9 7 8 5.1 +0.2
VV Vanguard Large-Cap Index Fund 80.5 4 11 5.2 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 79.8 2 13 5.2 +0.3
SNPE Xtrackers S&P 500 ESG ETF 79.4 11 4 5.0 +0.1
PBUS Invesco PureBeta MSCI USA ETF 78.9 4 11 5.2 +0.3
OEF iShares S&P 100 ETF 78.7 20 -5 4.7 -0.3
SCHX Schwab U.S. Large-Cap ETF 77.5 3 12 5.2 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 76.7 15 0 5.0 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 76.5 3 12 5.5 +0.5
IQSU IQ Candriam ESG US Equity ETF 75.8 9 6 5.0 +0.0
VONE Vanguard Russell 1000 ETF 75.5 8 7 5.2 +0.2
SCHK Schwab 1000 Index ETF 75.0 5 10 5.2 +0.3
IWB iShares Russell 1000 ETF 74.9 15 0 5.1 +0.2
IYY iShares Dow Jones U.S. ETF 74.3 20 -5 5.1 +0.1
ESGV Vanguard ESG U.S. Stock ETF 72.8 12 3 5.1 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 72.7 12 3 4.8 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 72.4 29 -14 5.1 +0.2
VTHR Vanguard Russell 3000 Index Fund 71.2 10 5 5.1 +0.2
SCHB Schwab U.S. Broad Market ETF 71.2 3 12 5.2 +0.2
IWV iShares Russell 3000 ETF 70.9 20 -5 5.0 +0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 70.9 3 12 5.1 +0.2
VTI Vanguard Total Stock Market Index Fund 70.5 3 12 5.1 +0.2
SFY SoFi Select 500 ETF 70.1 0 15 5.2 +0.2
VOOG Vanguard S&P 500 Growth ETF 69.4 10 5 4.2 -0.8
SPYG SPDR Portfolio S&P 500 Growth ETF 69.3 4 11 4.3 -0.7
IVW iShares S&P 500 Growth ETF 69.3 18 -3 4.1 -0.9
SPXT ProShares S&P 500 Ex-Technology ETF 68.4 27 -12 5.6 +0.6
IUSG iShares Core S&P US Growth ETF 68.1 4 11 4.3 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 68.0 8 7 6.4 +1.5
ESG FlexShares STOXX US ESG Impact Index Fund 66.8 32 -17 5.0 +0.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 66.4 60 -45 4.3 -0.6
VONG Vanguard Russell 1000 Growth Index Fund 66.3 8 7 4.2 -0.8
XLG Invesco S&P 500 Top 50 ETF 65.8 20 -5 4.4 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 64.2 9 6 5.5 +0.5
IWY iShares Russell Top 200 Growth ETF 63.5 20 -5 4.0 -0.9
IWF iShares Russell 1000 Growth ETF 61.9 19 -4 4.1 -0.9
SCHG Schwab U.S. Large-Cap Growth ETF 61.2 4 11 4.0 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 60.4 75 -60 4.5 -0.5
QUS SPDR MSCI USA StrategicFactors ETF 60.3 15 0 5.8 +0.8
JHML John Hancock Multifactor Large Cap ETF 60.3 29 -14 5.5 +0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 60.0 15 0 6.1 +1.2
VUG Vanguard Growth Index Fund 59.7 4 11 4.0 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 59.6 25 -10 6.5 +1.5
MGK Vanguard Mega Cap Growth ETF 59.2 7 8 4.1 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 59.0 25 -10 6.5 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 57.8 28 -13 6.3 +1.4
RECS Columbia Research Enhanced Core ETF 57.6 15 0 5.6 +0.6
AVUS Avantis U.S. Equity ETF 57.0 15 0 5.7 +0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 56.9 25 -10 6.6 +1.6
TMFC Motley Fool 100 Index ETF 56.9 50 -35 3.6 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 56.8 25 -10 6.5 +1.5
WOMN Impact Shares YWCA Women's Empowerment ETF 56.5 75 -60 4.4 -0.5
PRF Invesco FTSE RAFI US 1000 ETF 56.3 39 -24 6.8 +1.8
TOK iShares MSCI Kokusai ETF 56.0 25 -10 5.5 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 55.5 9 6 5.6 +0.7
IUS Invesco Strategic US ETF 55.3 19 -4 6.6 +1.6
DTD WisdomTree U.S.Total Dividend Fund 55.2 28 -13 6.6 +1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 54.0 25 -10 6.0 +1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 53.5 49 -34 4.0 -0.9
DSI iShares MSCI KLD 400 Social ETF 53.4 25 -10 5.1 +0.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 53.4 42 -27 5.3 +0.4
EXT WisdomTree U.S. Total Earnings Fund 52.2 28 -13 5.2 +0.2
FDMO Fidelity Momentum Factor ETF 51.5 29 -14 3.8 -1.2
URTH iShares MSCI World ETF 51.5 24 -9 5.6 +0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 51.3 12 3 4.7 -0.3
SUSL iShares ESG MSCI USA Leaders ETF 51.2 10 5 5.2 +0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 51.2 10 5 5.2 +0.3
IWX iShares Russell Top 200 Value ETF 51.1 20 -5 7.1 +2.1
HIPR Direxion High Growth ETF 50.6 40 -25 2.8 -2.2
FVAL Fidelity Value Factor ETF 50.5 29 -14 7.9 +3.0
FQAL Fidelity Quality Factor ETF 50.0 29 -14 5.4 +0.5
KRMA Global X Conscious Companies ETF 49.8 43 -28 5.1 +0.2
AFLG First Trust Active Factor Large Cap ETF 49.6 55 -40 5.5 +0.5
RWL Invesco S&P 500 Revenue ETF 49.4 39 -24 7.2 +2.2
VOOV Vanguard S&P 500 Value ETF 49.4 15 0 7.3 +2.3
SPYV SPDR Portfolio S&P 500 Value ETF 49.2 4 11 7.4 +2.4
IVE iShares S&P 500 Value ETF 49.2 18 -3 7.2 +2.3
ACIO Aptus Collared Income Opportunity ETF 49.1 79 -64 4.3 -0.6
VLU SPDR S&P 1500 Value Tilt ETF 48.8 12 3 7.4 +2.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.7 19 -4 5.6 +0.6
DGRO iShares Core Dividend Growth ETF 48.3 8 7 6.6 +1.6
FDLO Fidelity Low Volatility Factor ETF 48.1 29 -14 5.1 +0.1
ADME Aptus Drawdown Managed Equity ETF 48.1 81 -66 3.5 -1.4
IUSV iShares Core S&P U.S. Value ETF 48.1 4 11 7.4 +2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 48.0 30 -15 6.5 +1.5
IWD iShares Russell 1000 Value ETF 47.6 19 -4 7.1 +2.2
VEGN US Vegan Climate ETF 47.6 60 -45 5.1 +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 Russell Top 200 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 17.6 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 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.