iShares Russell Top 200 Value ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
2.0x
P/BV
ratio
2.2x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell Top 200 Value Index Fund seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Sep 22, 2009
Assets (mns) $798
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication n/a
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 153
Wgt avg mkt cap (mns) $178,045
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 4.0 %
JOHNSON & JOHNSON 3.3 %
JPMORGAN CHASE & CO 3.1 %
VERIZON COMMUNICATIONS INC 2.4 %
WALT DISNEY CO/THE 2.3 %
PFIZER INC 2.1 %
INTEL CORP 2.0 %
COMCAST CORP-CL A 2.0 %
WAL-MART STORES INC 2.0 %
AT&T INC 1.9 %
Total 25.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 1.9 %
BRITAIN 1.2 %
SWITZERLAND 0.6 %







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.
-11.1% -4.1% 8.2% 9.8% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 0.92 93%
MSCI EAFE 0.96 84%
MSCI Emg. Mkts. 0.69 67%

Technical Indicators
Recent close $51.67
30d moving avg. $51.77
Annualized volatility 16.9%
Short interest (ETF) 0.3%
Short interest (Underlying) 1.7%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 48
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $85,210

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Russell Top 200 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IWX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWX Expense: 20 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWX
Ticker Fund
Name
Overlap1
vs IWX
(%)
Expense
ratio
(bp)
Savings
vs IWX
(bp)
ALTAR
Score™
(%)
ALTAR
vs IWX
(%)
MGV Vanguard Mega Cap Value ETF 76.7 7 13 7.2 +0.5
VOOV Vanguard S&P 500 Value ETF 67.6 10 10 7.2 +0.5
VONV Vanguard Russell 1000 Value Index Fund 65.6 8 12 6.9 +0.2
IWD iShares Russell 1000 Value ETF 65.5 19 1 6.8 +0.1
SPYV SPDR Portfolio S&P 500 Value ETF 64.7 4 16 7.3 +0.5
IVE iShares S&P 500 Value ETF 64.6 18 2 7.1 +0.4
VTV Vanguard Value Index Fund 64.0 4 16 7.3 +0.5
IUSV iShares Core S&P U.S. Value ETF 60.8 4 16 7.4 +0.6
VYM Vanguard High Dividend Yield Index ETF 59.0 6 14 7.4 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 56.4 4 16 6.8 +0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 55.2 28 -8 6.4 -0.4
JKF iShares Morningstar Large Cap Value ETF 54.7 25 -5 7.7 +0.9
SPXT ProShares S&P 500 Ex-Technology ETF 52.5 27 -7 5.5 -1.3
DIVB iShares U.S. Dividend & Buyback ETF 52.0 25 -5 6.8 +0.0
DGRO iShares Core Dividend Growth ETF 51.3 8 12 6.6 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 51.2 25 -5 6.2 -0.5
IWL iShares Russell Top 200 ETF 51.0 15 5 4.8 -1.9
DTD WisdomTree U.S.Total Dividend Fund 50.9 28 -8 6.6 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 50.0 0 20 5.0 -1.8
USDY Pacific Global US Equity Income ETF 49.9 29 -9 7.0 +0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 49.8 25 -5 6.6 -0.1
PRF Invesco FTSE RAFI US 1000 ETF 49.7 39 -19 6.7 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 49.5 8 12 6.3 -0.4
RAFE PIMCO RAFI ESG U.S. ETF 49.4 29 -9 7.6 +0.9
MGC Vanguard Mega Cap Index Fund 49.1 7 13 5.0 -1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 46.4 25 -5 6.7 -0.1
OEF iShares S&P 100 ETF 46.3 20 0 4.7 -2.1
PFM Invesco Dividend Achievers ETF 45.6 53 -33 5.3 -1.4
HSPX Global X S&P 500 Covered Call ETF 45.6 60 -40 4.8 -1.9
VLU SPDR S&P 1500 Value Tilt ETF 45.3 12 8 7.3 +0.5
PBP Invesco S&P 500 BuyWrite ETF 44.4 49 -29 4.8 -1.9
XYLG Global X S&P 500 Covered Call & Growth ETF 44.3 60 -40 4.9 -1.9
RWL Invesco S&P 500 Revenue ETF 44.1 39 -19 7.1 +0.4
SPY SPDR S&P 500 ETF Trust 43.8 9 11 5.2 -1.6
SPLG SPDR Portfolio Large Cap ETF 43.8 3 17 5.2 -1.5
IVV iShares Core S&P 500 ETF 43.8 3 17 5.2 -1.5
NACP Impact Shares NAACP Minority Empowerment ETF 43.5 75 -55 4.7 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 43.4 15 5 5.8 -1.0
IUS Invesco Strategic US ETF 43.2 19 1 6.4 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.1 20 0 5.2 -1.6
VOO VANGUARD S&P 500 ETF 43.1 3 17 5.3 -1.5
SPXE ProShares S&P 500 Ex-Energy ETF 43.0 27 -7 5.1 -1.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.8 20 0 4.8 -2.0
SFY SoFi Select 500 ETF 42.5 0 20 5.0 -1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 42.3 7 13 5.1 -1.7
ESG FlexShares STOXX US ESG Impact Index Fund 41.8 32 -12 5.0 -1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 41.5 2 18 5.1 -1.6
VV Vanguard Large-Cap Index Fund 41.4 4 16 5.1 -1.7
FDRR Fidelity Dividend ETF for Rising Rates 41.3 29 -9 6.7 -0.0
PBUS Invesco PureBeta MSCI USA ETF 41.1 4 16 5.1 -1.7
EFIV SPDR S&P 500 ESG ETF 41.0 10 10 5.0 -1.8
SNPE Xtrackers S&P 500 ESG ETF 41.0 10 10 4.9 -1.8
SPTM SPDR Portfolio Total Stock Market ETF 40.7 3 17 5.4 -1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 40.5 27 -7 4.9 -1.9
SCHX Schwab U.S. Large-Cap ETF 40.2 3 17 5.0 -1.7
OUSA O'Shares FTSE US Quality Dividend ETF 39.8 48 -28 5.8 -1.0
SPXN ProShares S&P 500 Ex-Financials ETF 39.7 27 -7 4.8 -1.9
IWB iShares Russell 1000 ETF 39.4 15 5 4.9 -1.8
SCHK Schwab 1000 Index ETF 39.4 5 15 5.1 -1.7
ESGU iShares MSCI USA ESG Optimized ETF 39.4 15 5 4.9 -1.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.1 12 8 4.7 -2.0
IYY iShares Dow Jones U.S. ETF 39.0 20 0 4.9 -1.8
JKD iShares Morningstar Large-Cap ETF 38.7 20 0 5.6 -1.2
REVS Columbia Research Enhanced Value ETF 38.6 19 1 7.7 +1.0
VONE Vanguard Russell 1000 ETF 38.6 8 12 5.0 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 38.6 29 -9 5.0 -1.7
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 38.0 10 10 5.2 -1.5
SUSL iShares ESG MSCI USA Leaders ETF 37.9 10 10 5.2 -1.5
IQSU IQ Candriam ESG US Equity ETF 37.9 9 11 5.0 -1.8
VTHR Vanguard Russell 3000 Index Fund 37.7 10 10 4.9 -1.9
FLLV Franklin Liberty U.S. Low Volatility ETF 37.6 29 -9 5.4 -1.3
PWV Invesco Dynamic Large Cap Value ETF 37.5 56 -36 8.2 +1.5
IWV iShares Russell 3000 ETF 37.4 20 0 4.8 -1.9
SCHB Schwab U.S. Broad Market ETF 37.3 3 17 5.0 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 37.2 3 17 4.9 -1.8
XLG Invesco S&P 500 Top 50 ETF 37.1 20 0 4.4 -2.4
ESGV Vanguard ESG U.S. Stock ETF 36.4 12 8 4.9 -1.8
VTI Vanguard Total Stock Market Index Fund 36.1 3 17 4.9 -1.8
HLAL Wahed FTSE USA Shariah ETF 35.9 50 -30 4.4 -2.4
SPQQ Siren Large Cap Blend Index ETF 35.5 20 0 4.8 -2.0
USMV iShares Edge MSCI Min Vol USA ETF 35.5 15 5 5.5 -1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.4 19 1 6.0 -0.8
WOMN Impact Shares YWCA Women's Empowerment ETF 34.9 75 -55 4.2 -2.5
JHML John Hancock Multifactor Large Cap ETF 34.8 29 -9 5.4 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 34.8 30 -10 6.5 -0.2
VIG Vanguard Dividend Appreciation Index Fund 34.8 6 14 5.2 -1.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.4 29 -9 5.9 -0.9
FVAL Fidelity Value Factor ETF 34.1 29 -9 7.7 +0.9
RECS Columbia Research Enhanced Core ETF 33.6 15 5 5.5 -1.2
DSI iShares MSCI KLD 400 Social ETF 33.6 25 -5 5.0 -1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 33.5 37 -17 5.9 -0.8
JVAL JPMorgan U.S. Value Factor ETF 33.3 12 8 8.3 +1.6
FMK First Trust Mega Cap AlphaDEX Fund 33.1 70 -50 4.5 -2.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 32.8 25 -5 6.2 -0.6
FDLO Fidelity Low Volatility Factor ETF 32.5 29 -9 5.2 -1.6
SPMV Invesco S&P 500 Minimum Variance ETF 32.3 10 10 5.7 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 32.0 9 11 5.4 -1.3
FLV American Century Focused Large Cap Value ETF 31.8 42 -22 6.4 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.8 60 -40 4.0 -2.7
AVUS Avantis U.S. Equity ETF 31.5 15 5 5.5 -1.3

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 Top 200 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.1 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.