iShares Russell Top 200 ETF
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.6x P/Sales
ratio
2.1x
P/BV
ratio
2.8x Div.
yield
2.4%


  • 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 25, 2009
Assets (mns) $362
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) $347,030
Large cap (>$10bn) 99.9%
Mid cap ($2-10bn) 0.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.7 %
APPLE INC 5.9 %
AMAZON.COM INC 4.6 %
FACEBOOK 2.3 %
BERKSHIRE HATHAWAY INC-CL B 2.0 %
JOHNSON & JOHNSON 2.0 %
ALPHABET INC. CLASS C 2.0 %
ALPHABET INC. CLASS A 2.0 %
JPMORGAN CHASE & CO 1.6 %
VISA INC-CLASS A SHARES 1.6 %
Total 30.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.6 %
IRELAND 1.9 %
BRITAIN 0.8 %
SWITZERLAND 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.7% -4.2% 7.7% 10.8% 11.4%

Market Correlations
versus... Beta R-squared
S&P500 0.97 99%
MSCI EAFE 0.88 81%
MSCI Emg. Mkts. 0.66 65%

Technical Indicators
Recent close $60.30
30d moving avg. $65.40
Annualized volatility 14.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.7%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 139
Turnover 2.3%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $253,259

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™: 6.6%


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 94.2 7 8 6.8 +0.2
HSPX Global X S&P 500 Covered Call ETF 89.5 65 -50 6.2 -0.5
PBP Invesco S&P 500 BuyWrite ETF 88.4 49 -34 6.5 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 82.8 27 -12 6.6 +0.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 82.3 20 -5 6.6 +0.0
SPY SPDR S&P 500 ETF Trust 82.2 9 6 7.1 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 82.1 20 -5 7.1 +0.5
SPLG SPDR Portfolio Large Cap ETF 82.0 3 12 7.1 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 81.9 27 -12 7.0 +0.3
IVV iShares Core S&P 500 ETF 81.9 4 11 7.1 +0.5
VOO VANGUARD S&P 500 ETF 81.7 3 12 7.1 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 80.8 27 -12 6.8 +0.2
VV Vanguard Large-Cap Index Fund 80.3 4 11 7.0 +0.3
OEF iShares S&P 100 ETF 79.1 20 -5 6.3 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 78.6 2 13 7.1 +0.4
SNPE Xtrackers S&P 500 ESG ETF 77.6 11 4 6.8 +0.2
PBUS Invesco PureBeta MSCI USA ETF 77.1 4 11 7.2 +0.6
SCHX Schwab U.S. Large-Cap ETF 76.7 3 12 7.0 +0.4
SFY SoFi Select 500 ETF 75.9 0 15 6.7 +0.1
VONE Vanguard Russell 1000 ETF 75.6 8 7 7.0 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 75.6 3 12 7.3 +0.7
IWB iShares Russell 1000 ETF 74.9 15 0 7.0 +0.3
SCHK Schwab 1000 Index ETF 74.2 5 10 7.0 +0.4
IQSU IQ Candriam ESG US Equity ETF 74.0 9 6 6.7 +0.1
IYY iShares Dow Jones U.S. ETF 73.6 20 -5 6.9 +0.3
SPXT ProShares S&P 500 Ex-Technology ETF 72.3 27 -12 7.3 +0.7
ESGV Vanguard ESG U.S. Stock ETF 71.6 12 3 7.0 +0.4
VTHR Vanguard Russell 3000 Index Fund 71.2 10 5 6.9 +0.3
SCHB Schwab U.S. Broad Market ETF 70.7 3 12 7.0 +0.4
CATH Global X S&P 500 Catholic Values Custom ETF 70.6 29 -14 7.0 +0.4
IWV iShares Russell 3000 ETF 70.5 20 -5 6.9 +0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 70.4 3 12 7.0 +0.4
VTI Vanguard Total Stock Market Index Fund 70.4 3 12 7.0 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 70.0 15 0 6.7 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 69.0 8 7 8.5 +1.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 68.6 12 3 6.7 +0.1
VOOG Vanguard S&P 500 Growth ETF 66.8 10 5 5.7 -0.9
SPYG SPDR Portfolio S&P 500 Growth ETF 66.8 4 11 5.8 -0.8
IVW iShares S&P 500 Growth ETF 66.8 18 -3 5.6 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 66.4 60 -45 6.0 -0.7
IUSG iShares Core S&P US Growth ETF 65.4 4 11 5.8 -0.8
XLG Invesco S&P 500 Top 50 ETF 64.5 20 -5 5.9 -0.7
IWY iShares Russell Top 200 Growth ETF 64.1 20 -5 5.5 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 63.2 9 6 7.3 +0.7
ESG FlexShares STOXX US ESG Impact Index Fund 62.8 32 -17 6.8 +0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 62.7 15 0 6.9 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 62.6 25 -10 8.3 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 62.2 8 7 5.8 -0.9
IWF iShares Russell 1000 Growth ETF 62.2 19 -4 5.7 -1.0
IUS Invesco Strategic US ETF 62.2 19 -4 7.9 +1.3
DLN WisdomTree U.S. LargeCap Dividend Fund 61.0 28 -13 8.0 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 60.7 75 -60 6.2 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 60.5 25 -10 8.8 +2.2
QUS SPDR MSCI USA StrategicFactors ETF 59.9 15 0 7.3 +0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 59.6 25 -10 8.4 +1.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 59.6 25 -10 8.6 +2.0
JHML John Hancock Multifactor Large Cap ETF 59.6 34 -19 7.5 +0.8
RECS Columbia Research Enhanced Core ETF 59.3 15 0 7.5 +0.8
PRF Invesco FTSE RAFI US 1000 ETF 58.4 39 -24 9.2 +2.6
DTD WisdomTree U.S.Total Dividend Fund 58.0 28 -13 8.5 +1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 56.9 25 -10 7.5 +0.9
VLU SPDR S&P 1500 Value Tilt ETF 56.7 12 3 9.6 +3.0
WOMN Impact Shares YWCA Women's Empowerment ETF 56.2 75 -60 6.2 -0.4
AVUS Avantis U.S. Equity ETF 56.1 15 0 8.0 +1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 55.4 12 3 6.3 -0.3
SCHG Schwab U.S. Large-Cap Growth ETF 55.4 4 11 5.6 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 55.4 49 -34 5.5 -1.2
TOK iShares MSCI Kokusai ETF 55.1 25 -10 7.3 +0.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 54.1 29 -14 5.6 -1.0
MGK Vanguard Mega Cap Growth ETF 53.7 7 8 5.6 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 53.7 4 11 9.2 +2.6
EXT WisdomTree U.S. Total Earnings Fund 53.7 28 -13 7.7 +1.0
IVE iShares S&P 500 Value ETF 53.7 18 -3 9.1 +2.5
RWL Invesco S&P 500 Revenue ETF 53.6 39 -24 9.2 +2.6
VOOV Vanguard S&P 500 Value ETF 53.5 15 0 9.2 +2.6
DGRO iShares Core Dividend Growth ETF 53.3 8 7 8.4 +1.7
VUG Vanguard Growth Index Fund 53.2 4 11 5.5 -1.1
IUSV iShares Core S&P U.S. Value ETF 52.5 4 11 9.4 +2.8
DSI iShares MSCI KLD 400 Social ETF 52.3 25 -10 6.7 +0.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 51.6 42 -27 7.2 +0.6
FQAL Fidelity Quality Factor ETF 50.9 29 -14 7.0 +0.4
FVAL Fidelity Value Factor ETF 50.7 29 -14 11.0 +4.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 50.5 10 5 6.9 +0.3
SUSL iShares ESG MSCI USA Leaders ETF 50.5 10 5 6.9 +0.3
URTH iShares MSCI World ETF 50.4 24 -9 7.5 +0.9
FDRR Fidelity Dividend ETF for Rising Rates 49.6 29 -14 9.6 +3.0
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 49.4 19 -4 7.6 +0.9
VEGN US Vegan Climate ETF 49.2 60 -45 7.1 +0.5
TMFC Motley Fool 100 Index ETF 49.0 50 -35 5.1 -1.6
FDLO Fidelity Low Volatility Factor ETF 49.0 29 -14 6.5 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 48.1 12 3 6.6 0.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 48.0 75 -60 5.0 -1.6
IWX iShares Russell Top 200 Value ETF 47.7 20 -5 8.7 +2.1
AFLG First Trust Active Factor Large Cap ETF 47.4 55 -40 7.7 +1.1
VTV Vanguard Value Index Fund 47.2 4 11 9.1 +2.5
MGV Vanguard Mega Cap Value ETF 47.1 7 8 8.8 +2.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 46.4 9 6 7.8 +1.2
FDMO Fidelity Momentum Factor ETF 45.6 29 -14 5.5 -1.1
RFFC RiverFront Dynamic US Flex-Cap ETF 45.5 52 -37 7.6 +1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.4 29 -14 8.2 +1.6

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%.

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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 18.1 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.51
 
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.