iShares Russell Mid-Cap Growth ETF
ALTAR
Score™		 2.7% info Recommen-
dation		 AVOID
2020E    2021E
P/E
ratio		 50.7x P/Sales
ratio		 3.5x
P/BV
ratio		 10.6x Div.
yield		 0.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Midcap Growth Index Fund is an exchange traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses of the Russell Midcap Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jul 17, 2001
Assets (mns) $15,433
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 347
Wgt avg mkt cap (mns) $22,866
Large cap (>$10bn) 83.6%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KLA-TENCOR CORPORATION 1.4 %
TWILIO, INC. CLASS A 1.3 %
ALIGN TECHNOLOGY INC 1.3 %
IDEXX LABORATORIES INC 1.2 %
CHIPOTLE MEXICAN GRILL-CL A 1.1 %
LULULEMON ATHLETICA INC 1.1 %
CADENCE DESIGN SYS INC 1.1 %
VEEVA SYSTEMS INC-CLASS A 1.1 %
SYNOPSYS INC 1.1 %
PALO ALTO NETWORKS INC 1.0 %
Total 11.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 81.6 %
BRITAIN 1.0 %
IRELAND 0.6 %
LUXEMBOURG 0.2 %
BERMUDA 0.2 %
CHINA 0.1 %
CAYMAN ISLANDS 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.
35.2% 35.2% 18.4% 14.8% 10.8%

Market Correlations
versus... Beta R-squared
S&P500 1.10 90%
MSCI EAFE 1.01 75%
MSCI Emg. Mkts. 0.84 66%

Technical Indicators
Recent close $104.88
30d moving avg. $102.62
Annualized volatility 21.7%
Short interest (ETF) 3.5%
Short interest (Underlying) 5.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 754
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $58,726

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IWP Expense: 24 bp ALTAR Score™: 2.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWP
Ticker Fund
Name		 Overlap1
vs IWP
(%)		 Expense
ratio
(bp)		 Savings
vs IWP
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IWP
(%)
VOT Vanguard Mid-Cap Growth Index Fund 47.8 7 17 2.7 +0.0
JKH iShares Morningstar Mid-Cap Growth ETF 47.1 30 -6 1.9 -0.7
IWR iShares Russell Midcap ETF 36.6 19 5 4.7 +2.1
FTC First Trust Large Cap Growth AlphaDEX Fund 36.4 61 -37 2.3 -0.4
VO Vanguard Mid-Cap Index Fund 35.4 4 20 4.6 +1.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 34.5 30 -6 5.4 +2.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 34.2 4 20 4.9 +2.2
JHMM John Hancock Multifactor Mid Cap ETF 32.8 42 -18 4.7 +2.1
TPLC Timothy Plan US Large Cap Core ETF 30.8 52 -28 4.5 +1.8
STMB iShares Factors US Mid Blend Style ETF 29.6 30 -6 5.0 +2.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 29.4 66 -42 1.8 -0.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 29.2 29 -5 7.3 +4.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 28.4 75 -51 2.1 -0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 27.4 20 4 5.6 +3.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 27.4 17 7 5.7 +3.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.4 24 0 5.5 +2.8
RBUS Nationwide Risk-Based U.S. Equity ETF 26.8 30 -6 4.6 +2.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 26.7 35 -11 5.1 +2.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 26.6 35 -11 5.1 +2.4
PDP Invesco DWA Momentum ETF 26.5 62 -38 1.9 -0.8
JOET Virtus Terranova US Quality Momentum ETF 26.4 29 -5 4.7 +2.0
QGRO American Century STOXX U.S. Quality Growth ETF 26.2 29 -5 3.7 +1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.8 9 15 5.0 +2.3
JMOM JPMorgan U.S. Momentum Factor ETF 24.6 12 12 3.0 +0.4
PSET Principal Price Setters Index ETF 24.4 15 9 4.7 +2.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 24.2 7 17 3.9 +1.3
FEX First Trust Large Cap Core AlphaDEX Fund 23.9 60 -36 4.7 +2.0
JHMT John Hancock Multifactor Technology ETF 23.5 40 -16 4.1 +1.4
SIZE iShares MSCI USA Size Factor ETF 23.4 15 9 5.2 +2.5
EUSA iShares MSCI USA Equal Weighted ETF 23.2 15 9 5.1 +2.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 22.8 20 4 6.2 +3.5
SCHM Schwab U.S. Mid-Cap ETF 22.3 4 20 5.0 +2.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 22.3 35 -11 5.1 +2.5
USMF WisdomTree U.S. Multifactor Fund 21.8 28 -4 5.5 +2.8
VBK Vanguard Small-Cap Growth Index Fund 21.8 7 17 1.9 -0.7
RPG Invesco S&P 500 Pure Growth ETF 21.6 35 -11 2.8 +0.1
BFOR Barron's 400 ETF 21.2 65 -41 5.6 +3.0
NUMG Nuveen ESG Mid-Cap Growth ETF 20.7 40 -16 2.0 -0.7
FXL First Trust Technology AlphaDEX Fund 19.8 61 -37 3.5 +0.8
ETHO Etho Climate Leadership U.S. ETF 19.7 47 -23 3.7 +1.0
LRGF iShares Edge MSCI Multifactor USA ETF 19.1 20 4 6.2 +3.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.9 29 -5 6.0 +3.4
VXF Vanguard Extended Market Index Fund 18.9 6 18 2.5 -0.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 18.8 34 -10 4.4 +1.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 18.6 59 -35 4.1 +1.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 18.5 35 -11 4.4 +1.7
SFYX Sofi Next 500 ETF 18.4 0 24 4.9 +2.2
EQAL Invesco Russell 1000 Equal Weight ETF 18.4 20 4 5.0 +2.4
VB Vanguard Small-Cap ETF 18.1 5 19 4.5 +1.8
FLQL Franklin LibertyQ U.S. Equity ETF 18.0 15 9 6.0 +3.3
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 17.9 69 -45 4.1 +1.5
QQQJ Invesco NASDAQ Next Gen 100 ETF 17.9 15 9 2.6 -0.1
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 17.7 60 -36 4.7 +2.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 17.5 9 15 4.9 +2.2
RSP Invesco S&P 500 Equal Weight ETF 17.4 20 4 5.6 +2.9
JHMH John Hancock Multifactor Healthcare ETF 17.3 40 -16 5.8 +3.2
TUSA First Trust Total US Market AlphaDEX ETF 16.8 70 -46 4.8 +2.2
JQUA JPMorgan U.S. Quality Factor ETF 16.7 12 12 5.1 +2.5
FSMD Fidelity Small-Mid Factor ETF 16.6 29 -5 5.3 +2.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.5 17 7 6.1 +3.4
SMMD iShares Russell 2500 ETF 16.4 15 9 4.7 +2.1
JSTC Adasina Social Justice All Cap Global ETF 16.2 89 -65 5.4 +2.7
RNLC Large Cap US Equity Select ETF 16.0 60 -36 5.3 +2.6
BOSS Global X Founder-Run Companies ETF 16.0 45 -21 2.8 +0.1
JHML John Hancock Multifactor Large Cap ETF 16.0 29 -5 4.9 +2.2
IWF iShares Russell 1000 Growth ETF 15.8 19 5 3.6 +0.9
RYT Invesco S&P 500 Equal Weight Technology ETF 15.8 40 -16 5.8 +3.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.8 30 -6 5.3 +2.6
JKG iShares Morningstar Mid-Cap ETF 15.8 25 -1 4.4 +1.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.6 29 -5 6.1 +3.5
NULG Nuveen ESG Large-Cap Growth ETF 15.6 35 -11 3.0 +0.4
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 15.6 75 -51 3.0 +0.3
VFQY Vanguard U.S. Quality Factor ETF 15.5 13 11 5.3 +2.7
ROUS Hartford Multifactor US Equity ETF 15.5 19 5 5.9 +3.3
ACWF iShares MSCI Global Multifactor ETF 15.5 35 -11 6.9 +4.2
VFMO Vanguard U.S. Momentum Factor ETF 15.5 13 11 1.4 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 15.4 8 16 3.7 +1.0
AFLG First Trust Active Factor Large Cap ETF 15.1 55 -31 4.8 +2.1
XSW SPDR S&P Software & Services ETF 15.0 35 -11 3.2 +0.5
FDMO Fidelity Momentum Factor ETF 14.7 29 -5 2.5 -0.1
MTUM iShares MSCI USA Momentum Factor ETF 14.6 15 9 2.3 -0.3
ESGV Vanguard ESG U.S. Stock ETF 14.5 12 12 4.6 +1.9
IGV iShares Expanded Tech-Software ETF 14.2 46 -22 2.0 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.2 18 6 5.6 +3.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.0 15 9 6.0 +3.3
IQM Franklin Intelligent Machines ETF 13.7 50 -26 1.4 -1.3
FHLC Fidelity MSCI Health Care Index ETF 13.6 8 16 5.2 +2.5
VHT Vanguard Health Care Index Fund 13.6 10 14 5.2 +2.5
QQQN VictoryShares Nasdaq Next 50 ETF 13.6 18 6 2.9 +0.3
RESP WisdomTree US ESG Fund of Benef Interest 13.5 28 -4 5.2 +2.5
STLG iShares Factors US Growth Style ETF 13.4 25 -1 4.0 +1.4
USXF iShares ESG Advanced MSCI USA ETF 13.3 10 14 4.6 +1.9
AFMC First Trust Active Factor Mid Cap ETF 13.2 65 -41 5.3 +2.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 13.2 30 -6 5.1 +2.5
FXH First Trust Health Care AlphaDEX Fund 13.2 62 -38 4.6 +1.9
IYH iShares U.S. Healthcare ETF 13.0 43 -19 6.0 +3.3
PEXL Pacer US Export Leaders ETF 12.9 60 -36 4.7 +2.1
USMV iShares Edge MSCI Min Vol USA ETF 12.8 15 9 5.4 +2.7
JMIN JPMorgan U.S. Minimum Volatility ETF 12.8 12 12 5.3 +2.7

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 Mid-Cap 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 25.4 %
Divided by: Fwd. P/BV 8.7 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 2.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 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.