iShares Russell 2000 Growth ETF
ALTAR
Score™
-0.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
212.9x P/Sales
ratio
2.2x
P/BV
ratio
5.4x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Russell 2000 Growth 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 Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 24, 2000
Assets (mns) $9,504
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 1093
Wgt avg mkt cap (mns) $2,668
Large cap (>$10bn) 0.6%
Mid cap ($2-10bn) 59.8%
Small cap (<$2bn) 36.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MYOKARDIA, INC. 0.9 %
SUNRUN INC. 0.8 %
MIRATI THERAPEUTICS INC 0.8 %
DECKERS OUTDOOR CORP 0.7 %
LHC GROUP INC 0.6 %
CHURCHILL DOWNS INC 0.6 %
ARROWHEAD PHARMACEUTICALS, INC. 0.6 %
IRHYTHM TECHNOLOGIES, INC. 0.6 %
BLUEPRINT MEDICINES CORP. 0.6 %
RH 0.5 %
Total 6.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BERMUDA 0.7 %
CANADA 0.5 %
BRITAIN 0.5 %
NETHERLANDS 0.4 %
CAYMAN ISLANDS 0.3 %
PUERTO RICO 0.2 %
IRELAND 0.1 %
ISRAEL 0.1 %
LUXEMBOURG 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.9% 15.8% 11.5% 12.4% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.22 87%
MSCI EAFE 1.25 75%
MSCI Emg. Mkts. 0.89 60%

Technical Indicators
Recent close $232.37
30d moving avg. $229.20
Annualized volatility 23.2%
Short interest (ETF) 7.7%
Short interest (Underlying) 8.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 439
Turnover 1.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $20,394

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Russell 2000 Growth ETF ETF based on the alternatives' overlap in portfolio holdings with IWO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWO Expense: 24 bp ALTAR Score™: -0.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWO
Ticker Fund
Name
Overlap1
vs IWO
(%)
Expense
ratio
(bp)
Savings
vs IWO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWO
(%)
VTWG Vanguard Russell 2000 Growth Index Fund 85.7 15 9 0.1 +0.2
IWM iShares Russell 2000 ETF 57.7 19 5 3.3 +3.4
VTWO Vanguard Russell 2000 Index Fund 56.9 10 14 3.5 +3.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 48.7 20 4 4.8 +4.9
JKK iShares Morningstar Small-Cap Growth ETF 43.0 30 -6 1.0 +1.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 42.5 29 -5 0.2 +0.3
STSB iShares Factors US Small Blend Style ETF 42.2 35 -11 3.6 +3.8
SCHA Schwab U.S. Small-Cap ETF 41.4 4 20 4.7 +4.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 40.5 29 -5 5.0 +5.1
JHSC John Hancock Multifactor Small Cap ETF 32.4 42 -18 5.5 +5.6
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 31.8 35 -11 5.9 +6.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 31.4 6 18 5.1 +5.2
BKSE BNY Mellon US Small Cap Core Equity ETF 31.0 4 20 5.6 +5.8
VBK Vanguard Small-Cap Growth Index Fund 29.6 7 17 2.2 +2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 29.5 17 7 4.8 +4.9
VIOO Vanguard S&P Small-Cap 600 ETF 29.1 10 14 6.9 +7.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 29.1 70 -46 2.1 +2.2
SPSM SPDR Portfolio Small Cap ETF 28.5 5 19 7.0 +7.1
SLY SPDR S&P 600 Small Cap ETF 28.5 15 9 6.9 +7.0
IJR iShares Core S&P Small Cap ETF 28.4 6 18 7.0 +7.1
AFSM First Trust Active Factor Small Cap ETF 27.8 75 -51 5.5 +5.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 26.5 16 8 5.3 +5.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 26.3 66 -42 2.3 +2.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 26.2 39 -15 4.5 +4.7
IJT iShares S&P Small-Cap 600 Growth ETF 25.8 25 -1 5.4 +5.6
SLYG SPDR S&P 600 Small Cap Growth ETF 25.8 15 9 5.4 +5.5
FYC First Trust Small Cap Growth AlphaDEX Fund 24.5 70 -46 1.9 +2.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 24.0 24 0 6.5 +6.6
FYX First Trust Small Cap Core AlphaDEX Fund 23.7 63 -39 6.1 +6.2
NUSC Nuveen ESG Small-Cap ETF 23.3 40 -16 4.7 +4.9
FSMD Fidelity Small-Mid Factor ETF 23.2 29 -5 6.2 +6.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 23.2 40 -16 7.2 +7.3
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 22.8 35 -11 7.8 +7.9
TPSC Timothy Plan US Small Cap Core ETF 22.7 52 -28 7.9 +8.1
FNX First Trust Mid Cap Core AlphaDEX Fund 21.7 61 -37 6.4 +6.5
IUSS Invesco Strategic US Small Company ETF 21.6 23 1 5.2 +5.3
SSLY Syntax Stratified SmallCap ETF 21.4 30 -6 6.5 +6.6
VFMO Vanguard U.S. Momentum Factor ETF 21.4 13 11 0.7 +0.8
VB Vanguard Small-Cap ETF 21.3 5 19 5.2 +5.3
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 21.2 35 -11 7.9 +8.0
BTEC Principal Healthcare Innovators Index ETF 21.1 42 -18 -2.2 -2.0
ISMD Inspire Small/Mid Cap Impact ETF 20.5 60 -36 4.9 +5.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.2 30 -6 7.5 +7.6
DWAS Invesco DWA SmallCap Momentum ETF 20.0 60 -36 -2.0 -1.9
VXF Vanguard Extended Market Index Fund 19.9 6 18 3.5 +3.6
CSML IQ Chaikin U.S. Small Cap ETF 19.8 35 -11 3.9 +4.0
IJK iShares S&P Mid-Cap 400 Growth ETF 19.5 24 0 4.9 +5.0
PSC Principal U.S. Small Cap Index ETF 18.3 38 -14 6.8 +6.9
FNDA Schwab Fundamental U.S. Small Co. Index ETF 17.8 25 -1 7.3 +7.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 17.7 20 4 4.6 +4.8
EES WisdomTree SmallCap Earnings Fund 17.0 38 -14 10.2 +10.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 16.8 15 9 5.0 +5.1
JKJ iShares Morningstar Small-Cap ETF 15.9 25 -1 6.4 +6.5
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.9 39 -15 7.0 +7.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.6 35 -11 5.8 +5.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 15.5 15 9 4.9 +5.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.3 40 -16 7.3 +7.4
IEIH iShares Evolved U.S. Innovative Healthcare ETF 15.2 18 6 3.3 +3.4
IBB iShares NASDAQ Biotechnology ETF 15.2 46 -22 0.5 +0.7
IBBJ Defiance Nasdaq Junior Biotechnology ETF 15.2 45 -21 -2.0 -1.9
XBI SPDR S&P BIOTECH ETF 15.0 35 -11 -2.1 -2.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 15.0 12 12 7.5 +7.7
SMDY Syntax Stratified MidCap ETF 14.9 30 -6 6.7 +6.8
MDY SPDR S&P Midcap 400 ETF Trust 14.6 23 1 6.3 +6.5
SPMD SPDR Portfolio Mid Cap ETF 14.6 5 19 6.5 +6.6
IJH iShares Core S&P Mid-Cap ETF 14.6 5 19 6.5 +6.7
DES WisdomTree U.S. SmallCap Dividend Fund 14.2 38 -14 8.4 +8.6
VFLQ Vanguard U.S. Liquidity Factor ETF 14.0 14 10 4.2 +4.3
VFQY Vanguard U.S. Quality Factor ETF 13.4 13 11 6.3 +6.5
IVOO Vanguard S&P Mid-Cap 400 ETF 13.4 10 14 6.3 +6.4
PXSG Invesco S&P SmallCap Momentum ETF 12.9 39 -15 3.8 +3.9
BFOR Barron's 400 ETF 12.7 65 -41 6.4 +6.6
KOMP SPDR Kensho New Economies Composite ETF 12.7 20 4 2.3 +2.4
AFMC First Trust Active Factor Mid Cap ETF 12.6 65 -41 6.3 +6.4
VFMF Vanguard U.S. Multifactor ETF 12.6 19 5 7.3 +7.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 12.5 30 -6 5.5 +5.6
VBR Vanguard Small Cap Value Index Fund 12.4 7 17 8.0 +8.2
IWN iShares Russell 2000 Value ETF 12.0 24 0 6.8 +6.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 11.9 15 9 8.8 +8.9
XSW SPDR S&P Software & Services ETF 11.7 35 -11 4.4 +4.6
IWC iShares Micro-Cap ETF 11.7 60 -36 -3.9 -3.8
EZM WisdomTree U.S. MidCap Earnings Fund 11.6 38 -14 8.7 +8.9
IJS iShares S&P Small-cap 600 Value ETF 11.6 25 -1 8.9 +9.0
SLYV SPDR S&P 600 Small Cap Value ETF 11.6 15 9 8.8 +8.9
RNSC Small Cap US Equity Select ETF 11.6 60 -36 7.0 +7.1
TUSA First Trust Total US Market AlphaDEX ETF 11.4 70 -46 5.7 +5.8
SFYX Sofi Next 500 ETF 11.2 0 24 5.8 +5.9
BBC Virtus LifeSci Biotech Clinical Trials ETF 11.2 79 -55 0.0 +0.1
ROGS Hartford Multifactor Global Small Cap ETF 11.0 34 -10 8.1 +8.3
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 11.0 20 4 9.2 +9.3
IJJ iShares S&P Mid-Cap 400 Value ETF 10.7 25 -1 8.3 +8.4
VTWV Vanguard Russell 2000 Value Index Fund 10.4 15 9 6.9 +7.1
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 10.1 38 -14 8.5 +8.6
JSML Janus Henderson Small Cap Growth Alpha ETF 9.8 30 -6 8.1 +8.2
XSLV Invesco S&P SmallCap Low Volatility ETF 9.4 25 -1 5.5 +5.7
RNMC Mid Cap US Equity Select ETF 9.4 60 -36 7.5 +7.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 9.3 35 -11 3.9 +4.0
XMMO Invesco S&P MidCap Momentum ETF 9.1 34 -10 3.9 +4.0
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 8.8 29 -5 5.7 +5.9
RWK Invesco S&P MidCap 400 Revenue ETF 8.8 39 -15 8.1 +8.2

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 Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 0.6 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 24 bp
Equals: ALTAR Score -0.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.