iShares Russell 2000 Value
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.7x P/Sales
ratio
0.8x
P/BV
ratio
1.2x Div.
yield
2.5%


  • 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 28, 2000
Assets (mns) $9,471
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 1387
Wgt avg mkt cap (mns) $1,934
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 43.5%
Small cap (<$2bn) 56.5%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
RADIAN GROUP INC 0.5 %
LUMENTUM HOLDINGS, INC. 0.5 %
REXFORD INDUSTRIAL REALTY IN 0.5 %
PORTLAND GENERAL ELECTRIC CO 0.5 %
TECH DATA CORP 0.5 %
ONE GAS INC 0.5 %
BLACK HILLS CORP 0.5 %
CAPITAL TRUST-CL A 0.5 %
KBR INC 0.4 %
MARRIOTT VACATIONS WORLD 0.4 %
Total 4.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
BERMUDA 1.6 %
PUERTO RICO 0.4 %
IRELAND 0.3 %
MONACO 0.2 %
CAYMAN ISLANDS 0.2 %
BRITAIN 0.2 %
LUXEMBOURG 0.1 %
CANADA 0.1 %
PANAMA 0.1 %

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.
15.4% 3.0% 6.1% 10.9% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.18 66%
MSCI EAFE 0.90 32%
MSCI Emg. Mkts. 0.47 15%

Technical Indicators
Recent close $124.46
30d moving avg. $121.93
Annualized volatility 17.5%
Short interest (ETF) 3.1%
Short interest (Underlying) 5.5%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 850
Turnover 1.1%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $11,967

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Russell 2000 Value 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™: 6.5%


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 97.3 20 4 6.6 +0.0
IWM iShares Russell 2000 55.2 19 5 3.8 -2.7
VTWO Vanguard Russell 2000 53.5 15 9 3.8 -2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 49.9 20 4 5.8 -0.7
PRFZ Invesco FTSE-RAFI Small-Mid 1500 46.5 39 -15 4.7 -1.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value 44.8 29 -5 6.5 -0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 43.6 29 -5 5.0 -1.5
SPSM SPDR Portfolio Small Cap 40.1 5 19 4.6 -1.9
IJR iShares Core S&P Small-Cap 39.4 7 17 6.2 -0.4
SLY SPDR S&P 600 Small Cap 39.4 15 9 6.1 -0.4
ISMD Inspire Small/Mid Cap Impact 39.3 61 -37 4.7 -1.8
VIOO Vanguard S&P Small-Cap 600 38.9 15 9 6.0 -0.6
SCHA Schwab U.S. Small-Cap 38.7 4 20 5.1 -1.4
EES WisdomTree SmallCap Earnings 37.5 38 -14 9.3 +2.7
FYX First Trust Small Cap Core Alphadex 36.2 66 -42 5.7 -0.8
FNDA Schwab Fundamental Small Cap 36.0 25 -1 6.2 -0.3
EWSC Invesco S&P Small Cap 600 Equal Weight 35.9 40 -16 5.7 -0.8
IUSS Invesco Strategic US Small Company 35.6 23 1 6.3 -0.2
DES WisdomTree Smallcap Dividend 33.6 38 -14 7.3 +0.8
VBR Vanguard Small-Cap Value ETF 33.1 7 17 7.8 +1.3

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.55
 
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.