iShares Russell 2000 Value ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 54.9x P/Sales
ratio		 1.0x
P/BV
ratio		 1.5x Div.
yield		 1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Russell 2000 Value Index Fund seeks investment results that correspond to the price and yield performance of the large cap growth sector of the U.S. stock market, as represented by the Russell 2000 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 24, 2000
Assets (mns) $13,134
Currency USD
Expense ratio 24 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1484
Wgt avg mkt cap (mns) $2,260
Large cap (>$10bn) 0.6%
Mid cap ($2-10bn) 49.9%
Small cap (<$2bn) 47.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
DARLING INTERNATIONAL INC 0.8 %
PENN NATIONAL GAMING INC 0.7 %
PERFORMANCE FOOD GROUP COMPANY 0.5 %
CLEVELAND-CLIFFS INC 0.5 %
ELDORADO RESORTS INC 0.5 %
NOVAVAX INC 0.4 %
SOUTH STATE CORP 0.4 %
BROOKFIELD RENEWABLE CORPORATION C 0.4 %
STIFEL FINANCIAL CORP 0.4 %
CHART INDUSTRIES INC 0.4 %
Total 5.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
BERMUDA 1.7 %
CANADA 0.5 %
IRELAND 0.4 %
BRITAIN 0.4 %
PUERTO RICO 0.3 %
SWITZERLAND 0.1 %
MONACO 0.1 %
LUXEMBOURG 0.0 %
NETHERLANDS 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.6% 4.6% 9.5% 8.5% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.27 81%
MSCI EAFE 1.28 81%
MSCI Emg. Mkts. 1.05 69%

Technical Indicators
Recent close $143.54
30d moving avg. $135.73
Annualized volatility 26.6%
Short interest (ETF) 6.4%
Short interest (Underlying) 5.5%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 1,861
Turnover 2.0%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $20,970

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Russell 2000 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IWN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWN Expense: 24 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWN
Ticker Fund
Name		 Overlap1
vs IWN
(%)		 Expense
ratio
(bp)		 Savings
vs IWN
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IWN
(%)
VTWV Vanguard Russell 2000 Value Index Fund 92.4 15 9 5.1 +0.1
VTWO Vanguard Russell 2000 Index Fund 65.0 10 14 2.6 -2.4
IWM iShares Russell 2000 ETF 53.7 19 5 2.5 -2.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 48.1 20 4 3.8 -1.2
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 45.5 9 15 3.3 -1.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 44.5 29 -5 4.9 -0.1
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 42.8 39 -15 3.4 -1.6
SPSM SPDR Portfolio Small Cap ETF 41.7 5 19 5.6 +0.6
SLY SPDR S&P 600 Small Cap ETF 41.7 15 9 5.5 +0.5
IJR iShares Core S&P Small Cap ETF 41.7 6 18 5.6 +0.6
VIOO Vanguard S&P Small-Cap 600 ETF 41.5 10 14 5.5 +0.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 40.3 25 -1 4.8 -0.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 40.2 29 -5 4.2 -0.8
XJR iShares ESG Screened S&P Small-Cap ETF 39.4 12 12 5.7 +0.7
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 39.0 39 -15 3.9 -1.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 38.6 40 -16 5.1 +0.0
SCHA Schwab U.S. Small-Cap ETF 37.2 4 20 3.6 -1.5
IUSS Invesco Strategic US Small Company ETF 36.8 23 1 3.6 -1.4
FYX First Trust Small Cap Core AlphaDEX Fund 36.1 63 -39 5.4 +0.4
IJS iShares S&P Small-cap 600 Value ETF 34.9 18 6 6.8 +1.8
SLYV SPDR S&P 600 Small Cap Value ETF 34.9 15 9 6.9 +1.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 34.8 15 9 6.9 +1.9
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 33.9 35 -11 6.0 +0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 33.9 35 -11 6.0 +0.9
RNSC Small Cap US Equity Select ETF 33.0 60 -36 6.0 +0.9
TPSC Timothy Plan US Small Cap Core ETF 32.9 52 -28 5.7 +0.6
STSB iShares Factors US Small Blend Style ETF 32.4 35 -11 2.9 -2.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 32.0 39 -15 5.3 +0.3
VBR Vanguard Small Cap Value Index Fund 31.8 7 17 6.4 +1.4
SSLY Syntax Stratified SmallCap ETF 30.8 30 -6 4.9 -0.1
AVUV Avantis U.S. Small Cap Value ETF 30.8 25 -1 6.3 +1.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 30.7 6 18 4.0 -1.0
VFVA Vanguard U.S. Value Factor ETF 29.6 14 10 8.5 +3.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 29.5 17 7 4.0 -1.0
EES WisdomTree SmallCap Earnings Fund 28.7 38 -14 7.5 +2.5
CSML IQ Chaikin U.S. Small Cap ETF 28.4 35 -11 2.8 -2.2
DES WisdomTree U.S. SmallCap Dividend Fund 28.3 38 -14 6.7 +1.6
PSC Principal U.S. Small Cap Index ETF 28.1 38 -14 4.6 -0.5
SVAL iShares US Small Cap Value Factor ETF 28.1 20 4 8.3 +3.3
FYT First Trust Small Cap Value AlphaDEX Fund 26.2 72 -48 7.9 +2.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 24.4 30 -6 6.0 +1.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 24.1 35 -11 4.9 -0.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 23.8 24 0 4.9 -0.1
ISMD Inspire Small/Mid Cap Impact ETF 23.5 60 -36 4.3 -0.7
NUSC Nuveen ESG Small-Cap ETF 23.3 40 -16 3.9 -1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 22.0 4 20 4.7 -0.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 21.8 12 12 6.0 +1.0
VB Vanguard Small-Cap ETF 21.5 5 19 4.4 -0.6
SLYG SPDR S&P 600 Small Cap Growth ETF 21.1 15 9 4.4 -0.7
VIOG Vanguard S&P Small-Cap 600 Growth ETF 20.9 16 8 4.3 -0.8
IJT iShares S&P Small-Cap 600 Growth ETF 20.8 18 6 4.3 -0.7
EZM WisdomTree U.S. MidCap Earnings Fund 20.6 38 -14 7.6 +2.5
FAB First Trust Multi Cap Value AlphaDEX Fund 20.4 71 -47 7.5 +2.5
VXF Vanguard Extended Market Index Fund 20.4 6 18 2.5 -2.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 19.8 40 -16 5.6 +0.6
AFSM First Trust Active Factor Small Cap ETF 19.6 77 -53 4.3 -0.7
IJJ iShares S&P Mid-Cap 400 Value ETF 19.6 18 6 6.9 +1.8
MDYV SPDR S&P 400 Mid Cap Value ETF 19.6 15 9 6.9 +1.9
JKJ iShares Morningstar Small-Cap ETF 19.2 25 -1 5.1 +0.0
JKL iShares Morningstar Small Cap Value ETF 19.2 30 -6 7.6 +2.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 18.9 15 9 6.7 +1.7
VFLQ Vanguard U.S. Liquidity Factor ETF 18.6 14 10 3.5 -1.6
FSMD Fidelity Small-Mid Factor ETF 18.6 29 -5 5.2 +0.2
VFQY Vanguard U.S. Quality Factor ETF 18.2 13 11 5.3 +0.3
IWC iShares Micro-Cap ETF 17.7 60 -36 -3.2 -8.2
ROSC Hartford Multifactor Small Cap ETF 17.5 34 -10 6.5 +1.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 17.0 20 4 7.1 +2.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.3 29 -5 -0.3 -5.3
VFMF Vanguard U.S. Multifactor ETF 16.2 19 5 6.1 +1.1
JHSC John Hancock Multifactor Small Cap ETF 15.4 42 -18 4.5 -0.5
MDY SPDR S&P Midcap 400 ETF Trust 15.3 23 1 5.1 +0.1
SPMD SPDR Portfolio Mid Cap ETF 15.3 5 19 5.3 +0.3
IJH iShares Core S&P Mid-Cap ETF 15.3 5 19 5.3 +0.3
XJH iShares ESG Screened S&P Mid-Cap ETF 14.7 12 12 5.4 +0.4
SMDY Syntax Stratified MidCap ETF 14.7 30 -6 5.1 +0.1
RWK Invesco S&P MidCap 400 Revenue ETF 14.6 39 -15 6.3 +1.3
IVOO Vanguard S&P Mid-Cap 400 ETF 14.5 10 14 5.3 +0.2
PSCF Invesco S&P SmallCap Financials ETF 14.2 29 -5 9.0 +3.9
TUSA First Trust Total US Market AlphaDEX ETF 13.1 70 -46 4.8 -0.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 12.7 38 -14 7.0 +2.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.6 25 -1 4.9 -0.1
QABA First Trust NASDAQ ABA Community Bank Index Fund 12.6 60 -36 7.4 +2.4
VTWG Vanguard Russell 2000 Growth Index Fund 12.5 15 9 0.1 -5.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 12.5 35 -11 6.8 +1.8
IWO iShares Russell 2000 Growth ETF 12.4 24 0 -0.1 -5.1
KRE SPDR S&P Regional Banking ETF 12.1 35 -11 7.5 +2.5
VUSE Vident Core US Equity Fund 12.1 48 -24 7.4 +2.4
SQLV Legg Mason Small-Cap Quality Value 11.9 62 -38 4.1 -1.0
FNX First Trust Mid Cap Core AlphaDEX Fund 11.8 61 -37 5.1 +0.0
VFMO Vanguard U.S. Momentum Factor ETF 11.6 13 11 1.4 -3.7
XSVM Invesco S&P SmallCap Value with Momentum ETF 11.5 39 -15 6.8 +1.8
BFOR Barron's 400 ETF 11.3 65 -41 5.6 +0.5
FYC First Trust Small Cap Growth AlphaDEX Fund 11.3 70 -46 1.7 -3.3
DWAS Invesco DWA SmallCap Momentum ETF 11.0 60 -36 -1.2 -6.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 10.6 20 4 3.6 -1.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 10.6 7 17 3.9 -1.1
DON WisdomTree U.S. MidCap Dividend Fund 10.4 38 -14 6.7 +1.6
RFV Invesco S&P Midcap 400 Pure Value ETF 10.2 35 -11 8.8 +3.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 9.7 66 -42 1.8 -3.2

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 2000 Value 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 7.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.49
 
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.