iShares Russell Midcap ETF
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.4x P/Sales
ratio
1.7x
P/BV
ratio
2.4x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Midcap Index Fund seeks investment results that correspond to the performance of the Russell Midcap Index. The Index is a capitalization-weighted index consisting of the 800 sm

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jul 17, 2001
Assets (mns) $19,716
Currency USD
Expense ratio 19 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 811
Wgt avg mkt cap (mns) $17,440
Large cap (>$10bn) 69.5%
Mid cap ($2-10bn) 29.6%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DOCUSIGN, INC. 0.5 %
SPOTIFY TECHNOLOGY SA 0.5 %
LULULEMON ATHLETICA INC 0.5 %
VEEVA SYSTEMS INC-CLASS A 0.5 %
SPLUNK INC 0.5 %
XCEL ENERGY INC 0.5 %
KLA-TENCOR CORPORATION 0.4 %
CHIPOTLE MEXICAN GRILL-CL A 0.4 %
TWILIO, INC. CLASS A 0.4 %
O'REILLY AUTOMOTIVE INC 0.4 %
Total 4.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.4 %
BRITAIN 1.6 %
IRELAND 1.6 %
BERMUDA 0.9 %
LUXEMBOURG 0.6 %
CHINA 0.3 %
SWITZERLAND 0.2 %
NETHERLANDS 0.1 %
BRAZIL 0.1 %
CAYMAN ISLANDS 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.3% -2.4% 6.6% 12.2% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.17 95%
MSCI EAFE 1.18 84%
MSCI Emg. Mkts. 0.85 67%

Technical Indicators
Recent close $54.12
30d moving avg. $54.07
Annualized volatility 20.4%
Short interest (ETF) 0.2%
Short interest (Underlying) 4.7%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1,785
Turnover 0.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $135,595

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IWR Expense: 19 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWR
Ticker Fund
Name
Overlap1
vs IWR
(%)
Expense
ratio
(bp)
Savings
vs IWR
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWR
(%)
BKMC BNY Mellon US Mid Cap Core Equity ETF 75.4 4 15 5.8 +0.1
JHMM John Hancock Multifactor Mid Cap ETF 71.8 42 -23 5.8 +0.2
IWS iShares Russell Mid-Cap Value ETF 68.0 24 -5 7.3 +1.7
SIZE iShares Edge MSCI USA Size Factor ETF 56.8 15 4 6.3 +0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 56.8 20 -1 6.5 +0.9
EUSA iShares MSCI USA Equal Weighted ETF 56.6 15 4 6.3 +0.7
EQAL Invesco Russell 1000 Equal Weight ETF 56.1 20 -1 5.7 +0.1
VO Vanguard Mid-Cap Index Fund 53.8 4 15 5.4 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 53.3 9 10 5.9 +0.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 53.0 17 2 6.4 +0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 50.9 24 -5 6.3 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 49.7 20 -1 7.1 +1.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 49.5 29 -10 6.8 +1.2
RSP Invesco S&P 500 Equal Weight ETF 48.9 20 -1 6.8 +1.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 48.3 35 -16 5.9 +0.3
TUSA First Trust Total US Market AlphaDEX ETF 43.8 70 -51 6.0 +0.4
IWP iShares Russell Mid-Cap Growth ETF 42.9 24 -5 4.1 -1.6
TPLC Timothy Plan US Large Cap Core ETF 42.6 52 -33 5.5 -0.1
SCIU Global X Scientific Beta US ETF 42.6 19 0 5.8 +0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 41.9 29 -10 8.3 +2.7
FEX First Trust Large Cap Core AlphaDEX Fund 40.4 60 -41 6.0 +0.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 39.6 15 4 6.9 +1.3
JHML John Hancock Multifactor Large Cap ETF 38.0 29 -10 5.5 -0.1
SCHM Schwab U.S. Mid-Cap ETF 37.2 4 15 6.3 +0.7
VXF Vanguard Extended Market Index Fund 37.1 7 12 3.7 -1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 36.2 66 -47 2.5 -3.2
RNLC Large Cap US Equity Select ETF 35.9 60 -41 6.4 +0.7
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 35.6 35 -16 5.4 -0.3
SMMD iShares Russell 2500 ETF 34.4 15 4 5.5 -0.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 33.5 30 -11 6.5 +0.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 33.3 35 -16 6.0 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 33.2 18 1 6.3 +0.6
IWD iShares Russell 1000 Value ETF 32.9 19 0 7.2 +1.6
VONV Vanguard Russell 1000 Value Index Fund 32.8 8 11 7.3 +1.7
RBUS Nationwide Risk-Based U.S. Equity ETF 32.3 30 -11 5.0 -0.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 31.9 17 2 6.6 +0.9
JMOM JPMorgan U.S. Momentum Factor ETF 30.9 12 7 3.8 -1.8
AVUS Avantis U.S. Equity ETF 30.3 15 4 5.7 +0.1
VB Vanguard Small-Cap ETF 30.0 5 14 5.4 -0.2
VOT Vanguard Mid-Cap Growth Index Fund 29.8 7 12 3.4 -2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.9 9 10 5.5 -0.2
JKH iShares Morningstar Mid-Cap Growth ETF 28.6 30 -11 2.2 -3.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 27.8 29 -10 6.2 +0.6
JKG iShares Morningstar Mid-Cap ETF 27.7 25 -6 5.6 -0.1
BFOR Barron's 400 ETF 27.0 65 -46 6.4 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 27.0 4 15 7.2 +1.6
IUSV iShares Core S&P U.S. Value ETF 26.8 4 15 7.6 +1.9
SFYX Sofi Next 500 ETF 26.7 0 19 6.0 +0.3
VOE Vanguard Mid-Cap Value Index Fund 26.7 7 12 8.1 +2.4
FTC First Trust Large Cap Growth AlphaDEX Fund 26.5 61 -42 2.8 -2.8
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 26.2 75 -56 3.7 -1.9
VLU SPDR S&P 1500 Value Tilt ETF 26.2 12 7 7.5 +1.9
PRF Invesco FTSE RAFI US 1000 ETF 26.2 39 -20 6.9 +1.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 25.9 34 -15 4.8 -0.8
FAB First Trust Multi Cap Value AlphaDEX Fund 25.6 71 -52 9.8 +4.2
ETHO Etho Climate Leadership U.S. ETF 25.4 47 -28 4.4 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 25.3 25 -6 6.6 +0.9
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.1 20 -1 7.7 +2.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 24.9 30 -11 6.0 +0.3
EXT WisdomTree U.S. Total Earnings Fund 24.7 28 -9 5.2 -0.5
IWB iShares Russell 1000 ETF 24.5 15 4 5.1 -0.5
RNDV US Equity Dividend Select ETF 24.5 50 -31 7.7 +2.1
ROUS Hartford Multifactor US Equity ETF 24.4 19 0 7.3 +1.7
ONEY SPDR Russell 1000 Yield Focus ETF 24.2 20 -1 9.5 +3.9
VOOV Vanguard S&P 500 Value ETF 24.2 15 4 7.4 +1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.2 25 -6 6.6 +0.9
JVAL JPMorgan U.S. Value Factor ETF 24.1 12 7 8.8 +3.2
SPYV SPDR Portfolio S&P 500 Value ETF 24.0 4 15 7.5 +1.8
IVE iShares S&P 500 Value ETF 24.0 18 1 7.3 +1.7
FLQL Franklin LibertyQ U.S. Equity ETF 23.6 15 4 6.3 +0.6
JKI iShares Morningstar Mid-Cap Value ETF 23.5 30 -11 9.3 +3.7
IUS Invesco Strategic US ETF 23.4 19 0 6.7 +1.0
VONE Vanguard Russell 1000 ETF 23.4 8 11 5.2 -0.4
IYY iShares Dow Jones U.S. ETF 23.4 20 -1 5.1 -0.5
SCHK Schwab 1000 Index ETF 23.3 5 14 5.2 -0.4
IWV iShares Russell 3000 ETF 23.3 20 -1 5.0 -0.6
VFQY Vanguard U.S. Quality Factor ETF 23.1 13 6 6.1 +0.5
SCHB Schwab U.S. Broad Market ETF 22.8 3 16 5.2 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 22.8 25 -6 6.6 +1.0
VTHR Vanguard Russell 3000 Index Fund 22.8 10 9 5.1 -0.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 22.8 3 16 5.1 -0.5
VTI Vanguard Total Stock Market Index Fund 22.6 3 16 5.1 -0.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 22.5 7 12 5.5 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 22.4 15 4 5.8 +0.2
BLES Inspire Global Hope Large Cap ETF 22.3 52 -33 6.5 +0.8
FNX First Trust Mid Cap Core AlphaDEX Fund 22.2 61 -42 6.5 +0.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 22.0 29 -10 10.0 +4.4
ACWF iShares FactorSelect MSCI Global ETF 22.0 35 -16 7.9 +2.3
VTV Vanguard Value Index Fund 21.8 4 15 7.5 +1.9
SCHX Schwab U.S. Large-Cap ETF 21.7 3 16 5.2 -0.4
ESGV Vanguard ESG U.S. Stock ETF 21.7 12 7 5.1 -0.5
USMF WisdomTree U.S. Multifactor Fund 21.7 28 -9 5.4 -0.2
RWL Invesco S&P 500 Revenue ETF 21.6 39 -20 7.3 +1.6
JMIN JPMorgan U.S. Minimum Volatility ETF 21.6 12 7 5.9 +0.3
AFLG First Trust Active Factor Large Cap ETF 21.5 55 -36 5.5 -0.1
DON WisdomTree U.S. MidCap Dividend Fund 21.5 38 -19 7.8 +2.2
USDY Pacific Global US Equity Income ETF 21.5 29 -10 7.3 +1.7
HLAL Wahed FTSE USA Shariah ETF 21.3 50 -31 4.6 -1.1
DTD WisdomTree U.S.Total Dividend Fund 21.0 28 -9 6.7 +1.0
REVS Columbia Research Enhanced Value ETF 20.2 19 0 7.8 +2.2

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 Midcap 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 13.2 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.52
 
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.