iShares Russell Top 200 ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.2x P/Sales
ratio
3.2x
P/BV
ratio
4.2x Div.
yield
1.5%


  • 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) $920
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 195
Wgt avg mkt cap (mns) $535,076
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 7.6 %
MICROSOFT CORP 6.4 %
AMAZON.COM INC 5.3 %
FACEBOOK 2.6 %
ALPHABET INC. CLASS A 2.1 %
ALPHABET INC. CLASS C 2.1 %
BERKSHIRE HATHAWAY INC-CL B 1.8 %
JOHNSON & JOHNSON 1.6 %
TESLA MOTORS INC 1.5 %
JPMORGAN CHASE & CO 1.4 %
Total 32.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.4 %
BRITAIN 0.9 %
SWITZERLAND 0.3 %







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.
5.8% 13.4% 12.7% 13.5% 13.3%

Market Correlations
versus... Beta R-squared
S&P500 0.99 99%
MSCI EAFE 1.00 83%
MSCI Emg. Mkts. 0.70 64%

Technical Indicators
Recent close $87.16
30d moving avg. $83.61
Annualized volatility 17.7%
Short interest (ETF) 0.2%
Short interest (Underlying) 1.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 94
Turnover 0.9%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $161,984

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™: 4.6%


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
(%)
MGC Vanguard Mega Cap Index Fund 96.2 7 8 4.8 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 96.2 0 15 4.8 +0.2
ESGV Vanguard ESG U.S. Stock ETF 85.8 12 3 4.7 +0.1
PBP Invesco S&P 500 BuyWrite ETF 83.2 49 -34 4.7 +0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 82.4 60 -45 4.6 +0.0
HSPX Global X S&P 500 Covered Call ETF 82.3 60 -45 4.6 +0.0
SPXN ProShares S&P 500 Ex-Financials ETF 82.1 27 -12 4.6 0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 81.8 20 -5 4.9 +0.4
SPY SPDR S&P 500 ETF Trust 81.6 9 6 4.9 +0.4
SPLG SPDR Portfolio Large Cap ETF 81.6 3 12 5.0 +0.4
IVV iShares Core S&P 500 ETF 81.6 3 12 5.0 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 81.6 27 -12 4.9 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 80.8 20 -5 4.6 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 80.7 27 -12 4.6 -0.0
VOO VANGUARD S&P 500 ETF 80.3 3 12 5.0 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 80.3 7 8 4.8 +0.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 78.6 2 13 4.8 +0.3
PBUS Invesco PureBeta MSCI USA ETF 77.8 4 11 4.8 +0.2
OEF iShares S&P 100 ETF 77.7 20 -5 4.5 -0.1
VV Vanguard Large-Cap Index Fund 77.5 4 11 4.8 +0.2
SNPE Xtrackers S&P 500 ESG ETF 76.5 10 5 4.7 +0.1
EFIV SPDR S&P 500 ESG ETF 76.4 10 5 4.7 +0.1
SCHX Schwab U.S. Large-Cap ETF 75.4 3 12 4.8 +0.2
IQSU IQ Candriam ESG US Equity ETF 75.4 9 6 4.7 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 75.0 15 0 4.7 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 74.7 3 12 5.1 +0.5
IWB iShares Russell 1000 ETF 73.8 15 0 4.7 +0.1
SCHK Schwab 1000 Index ETF 73.6 5 10 4.8 +0.2
IYY iShares Dow Jones U.S. ETF 72.8 20 -5 4.6 +0.0
VTHR Vanguard Russell 3000 Index Fund 71.2 10 5 4.6 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 70.6 29 -14 4.7 +0.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 70.4 60 -45 3.8 -0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 69.5 12 3 4.2 -0.4
VOOG Vanguard S&P 500 Growth ETF 69.5 10 5 4.1 -0.5
SFY SoFi Select 500 ETF 69.2 0 15 4.7 +0.1
IWV iShares Russell 3000 ETF 69.1 20 -5 4.5 -0.1
SCHB Schwab U.S. Broad Market ETF 69.0 3 12 4.7 +0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 68.6 4 11 4.2 -0.4
IVW iShares S&P 500 Growth ETF 68.6 18 -3 4.0 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 68.6 3 12 4.7 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 67.7 27 -12 5.1 +0.5
EPS WisdomTree U.S. Earnings 500 Fund 67.3 8 7 5.9 +1.3
IUSG iShares Core S&P US Growth ETF 67.3 4 11 4.2 -0.4
VONE Vanguard Russell 1000 ETF 67.0 8 7 4.8 +0.2
VTI Vanguard Total Stock Market Index Fund 66.6 3 12 4.6 +0.1
ESG FlexShares STOXX US ESG Impact Index Fund 64.5 32 -17 4.7 +0.1
XLG Invesco S&P 500 Top 50 ETF 64.0 20 -5 4.3 -0.3
IWY iShares Russell Top 200 Growth ETF 63.3 20 -5 3.8 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 63.1 15 0 5.8 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 62.9 9 6 5.2 +0.6
IWF iShares Russell 1000 Growth ETF 61.6 19 -4 3.6 -1.0
VONG Vanguard Russell 1000 Growth Index Fund 61.3 8 7 3.7 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 59.9 15 0 5.4 +0.8
MGK Vanguard Mega Cap Growth ETF 58.4 7 8 3.8 -0.8
JHML John Hancock Multifactor Large Cap ETF 58.2 29 -14 5.0 +0.4
VUG Vanguard Growth Index Fund 57.9 4 11 3.7 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 57.7 25 -10 6.1 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 57.7 28 -13 5.9 +1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 57.2 25 -10 5.9 +1.3
NACP Impact Shares NAACP Minority Empowerment ETF 56.5 75 -60 4.5 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 55.4 39 -24 6.0 +1.5
TOK iShares MSCI Kokusai ETF 55.4 25 -10 5.1 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 55.1 9 6 5.2 +0.6
DTD WisdomTree U.S.Total Dividend Fund 54.8 28 -13 6.1 +1.6
IUS Invesco Strategic US ETF 54.3 19 -4 5.7 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 54.1 25 -10 5.9 +1.3
RECS Columbia Research Enhanced Core ETF 53.8 15 0 5.2 +0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 53.7 25 -10 5.6 +1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 53.7 75 -60 3.8 -0.8
AVUS Avantis U.S. Equity ETF 53.5 15 0 5.1 +0.5
DSI iShares MSCI KLD 400 Social ETF 52.9 25 -10 4.7 +0.2
TMFC Motley Fool 100 Index ETF 52.8 50 -35 3.2 -1.4
EQWL Invesco Russell Top 200 Equal Weight ETF 52.6 25 -10 5.6 +1.0
KRMA Global X Conscious Companies ETF 52.4 43 -28 4.8 +0.2
IWX iShares Russell Top 200 Value ETF 51.7 20 -5 6.2 +1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 51.3 49 -34 3.9 -0.7
URTH iShares MSCI World ETF 51.0 24 -9 5.2 +0.6
ACIO Aptus Collared Income Opportunity ETF 50.9 79 -64 4.3 -0.3
EXT WisdomTree U.S. Total Earnings Fund 50.6 28 -13 5.2 +0.6
SCHG Schwab U.S. Large-Cap Growth ETF 50.6 4 11 3.4 -1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.4 10 5 4.9 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 50.4 10 5 4.9 +0.3
ESGG FlexShares STOXX Global ESG Impact Index Fund 50.2 42 -27 4.8 +0.2
VOOV Vanguard S&P 500 Value ETF 49.9 10 5 6.6 +2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 49.7 29 -14 5.2 +0.6
AFLG First Trust Active Factor Large Cap ETF 49.6 55 -40 4.9 +0.3
HIPR Direxion High Growth ETF 49.6 40 -25 4.4 -0.2
FVAL Fidelity Value Factor ETF 49.3 29 -14 7.1 +2.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 49.3 30 -15 6.1 +1.5
QLC FlexShares US Quality Large Cap Index Fund 49.0 32 -17 4.8 +0.2
SCHV Schwab U.S. Large-Cap Value ETF 49.0 4 11 6.2 +1.6
IVE iShares S&P 500 Value ETF 48.8 18 -3 6.5 +2.0
SPYV SPDR Portfolio S&P 500 Value ETF 48.8 4 11 6.7 +2.1
FDMO Fidelity Momentum Factor ETF 48.6 29 -14 3.2 -1.4
VEGN US Vegan Climate ETF 48.6 60 -45 4.7 +0.1
FQAL Fidelity Quality Factor ETF 48.5 29 -14 5.1 +0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.5 19 -4 5.5 +0.9
RWL Invesco S&P 500 Revenue ETF 48.2 39 -24 6.4 +1.8
VONV Vanguard Russell 1000 Value Index Fund 48.0 8 7 6.3 +1.8
SPQQ Siren Large Cap Blend Index ETF 48.0 20 -5 4.4 -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:

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 17.9 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.