iShares Russell Mid-Cap Growth ETF
ALTAR
Score™		 3.0% info Recommen-
dation		 AVOID
2020E    2021E
P/E
ratio		 43.3x P/Sales
ratio		 2.9x
P/BV
ratio		 8.8x Div.
yield		 0.6%


  • 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) $12,892
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 329
Wgt avg mkt cap (mns) $18,615
Large cap (>$10bn) 76.5%
Mid cap ($2-10bn) 21.1%
Small cap (<$2bn) 0.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOCUSIGN, INC. 1.4 %
VEEVA SYSTEMS INC-CLASS A 1.3 %
LULULEMON ATHLETICA INC 1.3 %
CHIPOTLE MEXICAN GRILL-CL A 1.3 %
O'REILLY AUTOMOTIVE INC 1.2 %
COSTAR GROUP INC 1.2 %
SPOTIFY TECHNOLOGY SA 1.1 %
IDEXX LABORATORIES INC 1.1 %
MSCI INC-A 1.1 %
SPLUNK INC 1.0 %
Total 12.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.5 %
LUXEMBOURG 1.4 %
BRITAIN 1.1 %
IRELAND 0.8 %
BRAZIL 0.4 %
BERMUDA 0.2 %
CHINA 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.4% 23.4% 14.7% 15.8% 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.11 90%
MSCI EAFE 1.09 73%
MSCI Emg. Mkts. 0.81 63%

Technical Indicators
Recent close $168.97
30d moving avg. $170.55
Annualized volatility 20.5%
Short interest (ETF) 1.1%
Short interest (Underlying) 5.3%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 312
Turnover 0.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $13,004

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 3.0%


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
(%)
JKH iShares Morningstar Mid-Cap Growth ETF 62.1 30 -6 2.3 -0.7
VOT Vanguard Mid-Cap Growth Index Fund 53.8 7 17 3.3 +0.3
IWR iShares Russell Midcap ETF 43.5 19 5 5.7 +2.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 40.5 4 20 5.6 +2.6
VO Vanguard Mid-Cap Index Fund 40.4 4 20 5.3 +2.3
FTC First Trust Large Cap Growth AlphaDEX Fund 39.8 61 -37 2.9 -0.1
JHMM John Hancock Multifactor Mid Cap ETF 39.2 42 -18 5.8 +2.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 38.2 66 -42 2.5 -0.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 35.7 30 -6 5.8 +2.7
SCHM Schwab U.S. Mid-Cap ETF 32.2 4 20 6.3 +3.3
TPLC Timothy Plan US Large Cap Core ETF 30.2 52 -28 5.5 +2.5
RBUS Nationwide Risk-Based U.S. Equity ETF 30.0 30 -6 4.7 +1.6
ONEO SPDR Russell 1000 Momentum Focus ETF 29.5 20 4 6.6 +3.5
PDP Invesco DWA Momentum ETF 29.5 62 -38 2.9 -0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 28.2 17 7 6.5 +3.5
VBK Vanguard Small-Cap Growth Index Fund 27.9 7 17 2.4 -0.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.6 75 -51 4.2 +1.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 27.6 24 0 6.3 +3.3
SIZE iShares Edge MSCI USA Size Factor ETF 27.5 15 9 6.2 +3.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 27.2 7 17 5.6 +2.5
FXL First Trust Technology AlphaDEX Fund 26.6 61 -37 3.5 +0.5
VXF Vanguard Extended Market Index Fund 26.5 6 18 3.7 +0.7
JMOM JPMorgan U.S. Momentum Factor ETF 26.5 12 12 4.0 +0.9
EQAL Invesco Russell 1000 Equal Weight ETF 26.0 20 4 5.8 +2.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 25.6 35 -11 5.9 +2.9
PSET Principal Price Setters Index ETF 25.5 15 9 5.1 +2.1
QGRO American Century STOXX U.S. Quality Growth ETF 25.4 29 -5 3.9 +0.8
FEX First Trust Large Cap Core AlphaDEX Fund 25.3 60 -36 6.1 +3.1
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 25.3 35 -11 5.9 +2.9
VB Vanguard Small-Cap ETF 25.2 5 19 5.6 +2.6
EUSA iShares MSCI USA Equal Weighted ETF 24.5 15 9 6.3 +3.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 24.5 9 15 6.1 +3.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 24.4 20 4 7.1 +4.1
JHMT John Hancock Multifactor Technology ETF 24.3 40 -16 6.0 +3.0
MXDU Nationwide Maximum Diversification US Core Equity ETF 24.0 34 -10 5.0 +2.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 23.6 70 -46 2.2 -0.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 23.0 65 -41 3.1 +0.1
USMF WisdomTree U.S. Multifactor Fund 23.0 28 -4 5.8 +2.8
SFYX Sofi Next 500 ETF 22.9 0 24 6.1 +3.1
TUSA First Trust Total US Market AlphaDEX ETF 22.9 70 -46 6.2 +3.2
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 22.3 35 -11 4.5 +1.5
SCIU Global X Scientific Beta US ETF 21.9 19 5 6.0 +3.0
NUMG Nuveen ESG Mid-Cap Growth ETF 21.9 40 -16 2.2 -0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 21.8 59 -35 4.3 +1.3
VFMO Vanguard U.S. Momentum Factor ETF 21.8 13 11 0.9 -2.2
ETHO Etho Climate Leadership U.S. ETF 21.5 47 -23 4.6 +1.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 21.1 35 -11 5.5 +2.5
BFOR Barron's 400 ETF 21.0 65 -41 6.5 +3.5
FNX First Trust Mid Cap Core AlphaDEX Fund 21.0 61 -37 6.8 +3.8
SMMD iShares Russell 2500 ETF 20.8 15 9 6.1 +3.0
RPG Invesco S&P 500 Pure Growth ETF 20.6 35 -11 4.7 +1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 20.0 29 -5 7.0 +4.0
XSW SPDR S&P Software & Services ETF 19.9 35 -11 4.1 +1.1
AIEQ AI Powered Equity ETF 19.7 87 -63 2.8 -0.2
FSMD Fidelity Small-Mid Factor ETF 19.2 29 -5 6.6 +3.5
ACWF iShares FactorSelect MSCI Global ETF 19.2 35 -11 8.2 +5.2
JHMH John Hancock Multifactor Healthcare ETF 19.0 40 -16 6.3 +3.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 19.0 75 -51 3.7 +0.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 18.2 6 18 5.5 +2.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 18.1 17 7 6.6 +3.6
BOSS Global X Founder-Run Companies ETF 18.0 45 -21 3.4 +0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 17.9 17 7 5.1 +2.1
FLQL Franklin LibertyQ U.S. Equity ETF 17.8 15 9 6.3 +3.3
FVL First Trust Value Line 100 Exchange-Traded Fund 17.8 70 -46 5.4 +2.4
RSP Invesco S&P 500 Equal Weight ETF 17.7 20 4 6.7 +3.7
IGV iShares Expanded Tech-Software ETF 17.6 46 -22 2.5 -0.5
NULG Nuveen ESG Large-Cap Growth ETF 17.4 35 -11 3.7 +0.7
FXH First Trust Health Care AlphaDEX Fund 17.1 62 -38 4.2 +1.1
IWF iShares Russell 1000 Growth ETF 17.0 19 5 5.6 +2.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.8 9 15 6.2 +3.2
VONG Vanguard Russell 1000 Growth Index Fund 16.5 8 16 5.7 +2.7
ROUS Hartford Multifactor US Equity ETF 16.2 19 5 6.6 +3.6
STLG iShares Factors US Growth Style ETF 16.0 25 -1 6.1 +3.1
SCHA Schwab U.S. Small-Cap ETF 15.9 4 20 4.8 +1.7
JHML John Hancock Multifactor Large Cap ETF 15.9 29 -5 6.0 +3.0
JQUA JPMorgan U.S. Quality Factor ETF 15.5 12 12 5.7 +2.7
TECB iShares US Tech Breakthrough Multisector ETF 15.4 40 -16 4.8 +1.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.3 29 -5 8.1 +5.1
JKG iShares Morningstar Mid-Cap ETF 15.3 25 -1 5.4 +2.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 15.2 20 4 7.7 +4.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 15.2 30 -6 6.7 +3.7
LRGF iShares Edge MSCI Multifactor USA ETF 15.0 20 4 7.8 +4.8
RNLC Large Cap US Equity Select ETF 15.0 60 -36 6.5 +3.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.8 18 6 6.3 +3.3
XITK SPDR FactSet Innovative Technology ETF 14.6 45 -21 0.5 -2.6
AFLG First Trust Active Factor Large Cap ETF 14.6 55 -31 6.4 +3.4
EXT WisdomTree U.S. Total Earnings Fund 14.5 28 -4 6.1 +3.1
FHLC Fidelity MSCI Health Care Index ETF 14.4 8 16 5.6 +2.6
VFQY Vanguard U.S. Quality Factor ETF 14.4 13 11 6.6 +3.5
VHT Vanguard Health Care Index Fund 14.3 10 14 5.5 +2.5
FPX First Trust US IPO Index Fund 14.3 58 -34 2.3 -0.8
RYT Invesco S&P 500 Equal Weight Technology ETF 14.2 40 -16 7.0 +4.0
OGIG O'Shares Global Internet Giants ETF 14.2 48 -24 0.8 -2.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 14.1 75 -51 6.2 +3.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.1 15 9 6.9 +3.9
FDMO Fidelity Momentum Factor ETF 14.1 29 -5 4.2 +1.1
JMIN JPMorgan U.S. Minimum Volatility ETF 13.9 12 12 5.6 +2.6
IJH iShares Core S&P Mid-Cap ETF 13.7 5 19 6.7 +3.7
IVOO Vanguard S&P Mid-Cap 400 ETF 13.7 10 14 6.7 +3.7
MDY SPDR S&P Midcap 400 ETF Trust 13.7 23 1 6.5 +3.5

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 24.9 %
Divided by: Fwd. P/BV 7.7 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 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.