iShares Russell Top 200 ETF
ALTAR
Score™
4.7% info Recommen-
dation
NEUTRAL
2021E    2022E
P/E
ratio
22.5x P/Sales
ratio
3.0x
P/BV
ratio
3.9x 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) $838
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) $588,792
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 7.4 %
MICROSOFT CORP 6.6 %
AMAZON.COM INC 5.0 %
FACEBOOK 2.3 %
ALPHABET INC. CLASS A 2.3 %
ALPHABET INC. CLASS C 2.2 %
TESLA MOTORS INC 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.7 %
JPMORGAN CHASE & CO 1.7 %
JOHNSON & JOHNSON 1.6 %
Total 32.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.1 %
IRELAND 1.4 %
BRITAIN 0.8 %
SWITZERLAND 0.3 %







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.
0.9% 33.0% 17.6% 13.9% 14.4%

Market Correlations
versus... Beta R-squared
S&P500 0.99 99%
MSCI EAFE 0.91 82%
MSCI Emg. Mkts. 0.72 64%

Technical Indicators
Recent close $91.13
30d moving avg. $92.64
Annualized volatility 18.3%
Short interest (ETF) 0.2%
Short interest (Underlying) 1.2%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 80
Turnover 0.9%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $193,805

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.7%


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 97.0 7 8 4.8 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 95.9 0 15 4.8 +0.1
ESGV Vanguard ESG U.S. Stock ETF 85.7 12 3 4.7 -0.0
PBP Invesco S&P 500 BuyWrite ETF 81.7 49 -34 4.5 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 81.7 27 -12 4.5 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 81.2 27 -12 4.8 +0.1
XYLG Global X S&P 500 Covered Call & Growth ETF 81.2 60 -45 4.4 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 81.1 20 -5 4.8 +0.1
SPY SPDR S&P 500 ETF Trust 81.1 9 6 4.9 +0.2
IVV iShares Core S&P 500 ETF 81.0 3 12 4.9 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 80.9 20 -5 4.9 +0.2
SPLG SPDR Portfolio Large Cap ETF 80.8 3 12 5.0 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 80.4 27 -12 4.5 -0.2
XVV iShares ESG Screened S&P 500 ETF 80.2 8 7 5.0 +0.3
VOO VANGUARD S&P 500 ETF 79.7 3 12 4.9 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 79.5 7 8 4.7 +0.0
OEF iShares S&P 100 ETF 79.2 20 -5 4.6 -0.2
VV Vanguard Large-Cap Index Fund 77.6 4 11 4.8 +0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 77.3 2 13 4.8 +0.1
PBUS Invesco PureBeta MSCI USA ETF 76.6 4 11 4.8 +0.1
SNPE Xtrackers S&P 500 ESG ETF 75.8 10 5 4.9 +0.2
EFIV SPDR S&P 500 ESG ETF 75.8 10 5 4.9 +0.2
SCHX Schwab U.S. Large-Cap ETF 74.5 3 12 4.8 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 74.2 15 0 4.7 -0.0
SPTM SPDR Portfolio Total Stock Market ETF 73.7 3 12 5.0 +0.3
JCTR JPMorgan Carbon Transition U.S. Equity ETF 73.6 15 0 5.0 +0.3
IQSU IQ Candriam ESG US Equity ETF 73.0 9 6 4.7 +0.0
IWB iShares Russell 1000 ETF 72.5 15 0 4.7 -0.0
SCHK Schwab 1000 Index ETF 71.6 5 10 4.7 -0.0
IYY iShares Dow Jones U.S. ETF 71.5 20 -5 4.6 -0.1
CATH Global X S&P 500 Catholic Values Custom ETF 70.4 29 -14 4.7 -0.0
VONE Vanguard Russell 1000 ETF 69.8 8 7 4.7 +0.0
SFY SoFi Select 500 ETF 69.0 0 15 4.8 +0.1
SPXT ProShares S&P 500 Ex-Technology ETF 68.7 27 -12 5.1 +0.4
VTHR Vanguard Russell 3000 Index Fund 68.0 10 5 4.6 -0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 67.8 12 3 4.2 -0.5
IWV iShares Russell 3000 ETF 67.5 20 -5 4.5 -0.2
SCHB Schwab U.S. Broad Market ETF 67.1 3 12 4.6 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 66.7 3 12 4.6 -0.1
ESG FlexShares STOXX US ESG Impact Index Fund 66.2 32 -17 4.8 +0.1
VOOG Vanguard S&P 500 Growth ETF 65.8 10 5 4.0 -0.8
ACVF American Conservative Values ETF 65.6 75 -60 4.4 -0.4
VTI Vanguard Total Stock Market Index Fund 65.2 3 12 4.6 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 64.5 4 11 4.0 -0.7
IVW iShares S&P 500 Growth ETF 64.5 18 -3 3.9 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 64.3 8 7 6.2 +1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 63.9 60 -45 3.7 -1.0
XLG Invesco S&P 500 Top 50 ETF 63.5 20 -5 4.4 -0.3
IUSG iShares Core S&P US Growth ETF 63.4 4 11 4.0 -0.7
DFAU Dimensional US Core Equity Market ETF 62.9 12 3 4.9 +0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 62.5 15 0 0.0 -4.7
IWY iShares Russell Top 200 Growth ETF 62.4 20 -5 3.9 -0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 61.8 9 6 5.1 +0.4
QUS SPDR MSCI USA StrategicFactors ETF 61.5 15 0 5.5 +0.8
IWF iShares Russell 1000 Growth ETF 60.7 19 -4 3.7 -1.0
HIPR Direxion High Growth ETF 60.4 40 -25 4.2 -0.5
VONG Vanguard Russell 1000 Growth Index Fund 60.3 8 7 3.8 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 59.5 25 -10 6.0 +1.3
JHML John Hancock Multifactor Large Cap ETF 57.6 29 -14 5.0 +0.3
VUG Vanguard Growth Index Fund 57.2 4 11 3.6 -1.1
MGK Vanguard Mega Cap Growth ETF 56.7 7 8 3.8 -0.9
VOOV Vanguard S&P 500 Value ETF 56.7 10 5 6.3 +1.6
NACP Impact Shares NAACP Minority Empowerment ETF 56.5 49 -34 4.6 -0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 55.1 75 -60 4.5 -0.2
TOK iShares MSCI Kokusai ETF 54.7 25 -10 5.0 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 54.6 9 6 5.2 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 54.3 25 -10 5.7 +1.0
EQWL Invesco Russell Top 200 Equal Weight ETF 54.0 25 -10 5.9 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 53.8 39 -24 5.8 +1.1
DSI iShares MSCI KLD 400 Social ETF 53.5 25 -10 4.7 0.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 53.4 49 -34 3.8 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 53.2 28 -13 6.4 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 53.2 4 11 6.3 +1.6
IVE iShares S&P 500 Value ETF 53.2 18 -3 6.2 +1.5
IUS Invesco Strategic US ETF 52.2 19 -4 5.3 +0.6
KRMA Global X Conscious Companies ETF 52.1 43 -28 5.1 +0.4
RECS Columbia Research Enhanced Core ETF 51.8 15 0 5.5 +0.8
IWX iShares Russell Top 200 Value ETF 51.8 20 -5 6.2 +1.5
IUSV iShares Core S&P U.S. Value ETF 51.7 4 11 6.4 +1.7
ESGG FlexShares STOXX Global ESG Impact Index Fund 51.7 42 -27 4.9 +0.2
TMFC Motley Fool 100 Index ETF 51.5 50 -35 3.0 -1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 51.1 25 -10 5.0 +0.3
AVUS Avantis U.S. Equity ETF 51.1 15 0 5.1 +0.4
ACIO Aptus Collared Income Opportunity ETF 51.1 79 -64 4.0 -0.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 51.1 25 -10 5.6 +0.9
RESP WisdomTree US ESG Fund of Benef Interest 50.8 28 -13 5.5 +0.8
DTD WisdomTree U.S.Total Dividend Fund 50.4 28 -13 6.5 +1.8
URTH iShares MSCI World ETF 50.2 24 -9 5.1 +0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.0 10 5 5.0 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 50.0 10 5 5.0 +0.3
SCHG Schwab U.S. Large-Cap Growth ETF 49.9 4 11 3.3 -1.4
RWL Invesco S&P 500 Revenue ETF 49.8 39 -24 6.1 +1.4
FQAL Fidelity Quality Factor ETF 49.8 29 -14 5.1 +0.4
FVAL Fidelity Value Factor ETF 49.5 29 -14 6.8 +2.1
SCHV Schwab U.S. Large-Cap Value ETF 49.5 4 11 6.2 +1.5
ADME Aptus Drawdown Managed Equity ETF 49.1 79 -64 3.5 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 48.8 30 -15 5.2 +0.5
FDLO Fidelity Low Volatility Factor ETF 48.8 29 -14 4.6 -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 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 18.6 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 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.