iShares Russell Midcap ETF
ALTAR
Score™
6.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.1x P/Sales
ratio
1.5x
P/BV
ratio
2.3x Div.
yield
1.9%


  • 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 20, 2001
Assets (mns) $19,863
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 800
Wgt avg mkt cap (mns) $18,239
Large cap (>$10bn) 72.2%
Mid cap ($2-10bn) 27.5%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FISERV INC 0.8 %
GLOBAL PAYMENTS INC 0.7 %
ADVANCED MICRO DEVICES 0.7 %
HARRIS CORP 0.6 %
LAM RESEARCH CORP 0.6 %
SEMPRA ENERGY 0.5 %
DOLLAR GENERAL CORP 0.5 %
NEWMONT MINING CORP 0.5 %
CENTENE CORP 0.5 %
XCEL ENERGY INC 0.5 %
Total 5.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
BRITAIN 1.4 %
IRELAND 1.3 %
BERMUDA 1.0 %
LUXEMBOURG 0.2 %
SWITZERLAND 0.2 %
CHINA 0.2 %
NETHERLANDS 0.1 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.8% 16.7% 9.3% 13.3% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.04 94%
MSCI EAFE 0.95 65%
MSCI Emg. Mkts. 0.62 48%

Technical Indicators
Recent close $54.66
30d moving avg. $60.58
Annualized volatility 13.0%
Short interest (ETF) 0.4%
Short interest (Underlying) 4.7%
Relative strength (RSI) 38

Liquidity measures
Avg. volume (thou.) 1,466
Turnover 0.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $75,002

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 6.0%


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
(%)
JHMM John Hancock Multifactor Mid Cap ETF 72.0 44 -25 6.2 +0.2
IWS iShares Russell Mid-Cap Value ETF 65.0 24 -5 7.1 +1.1
SIZE iShares Edge MSCI USA Size Factor ETF 57.4 15 4 6.5 +0.5
OSIZ Invesco Russell 1000 Size Factor ETF 57.2 19 0 5.6 -0.4
EUSA iShares MSCI USA Equal Weighted ETF 57.2 15 4 6.5 +0.5
VO Vanguard Mid-Cap Index Fund 56.6 4 15 6.0 -0.0
EQAL Invesco Russell 1000 Equal Weight ETF 56.3 20 -1 6.0 -0.0
ONEO SPDR Russell 1000 Momentum Focus ETF 54.4 20 -1 7.0 +1.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 52.9 17 2 7.0 +1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 52.7 24 -5 6.4 +0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 52.5 9 10 6.4 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 52.5 29 -10 7.1 +1.0
RSP Invesco S&P 500 Equal Weight ETF 50.0 20 -1 7.0 +1.0
IWP iShares Russell Mid-Cap Growth ETF 48.9 24 -5 4.9 -1.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 48.7 20 -1 7.4 +1.3
CFO Victory CEMP US 500 Enhanced Volatility Weighted Index ETF 48.3 35 -16 6.4 +0.4
CFA Victory CEMP US 500 Volatility Weighted Index ETF 48.2 35 -16 6.5 +0.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 44.3 29 -10 7.9 +1.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 44.1 15 4 6.8 +0.8
SCIU Global X Scientific Beta US ETF 43.0 19 0 6.1 +0.0

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 14.0 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.56
 
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.