iShares Global Energy ETF
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
117.2x P/Sales
ratio
0.9x
P/BV
ratio
1.0x Div.
yield
5.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Global Energy ETF seeks to track the investment results of an index composed of global equities in the energy sector.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 16, 2001
Assets (mns) $921
Currency USD
Expense ratio 46 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 59
Wgt avg mkt cap (mns) $83,625
Large cap (>$10bn) 92.3%
Mid cap ($2-10bn) 7.6%
Small cap (<$2bn) 0.2%
Developed mkts 96.4%
Emerging mkts 3.6%

TOP TEN HOLDINGS
EXXON MOBIL CORP 13.4 %
CHEVRON CORP 12.0 %
TOTAL SA 6.6 %
BP PLC 5.3 %
ENBRIDGE INC 4.6 %
ROYAL DUTCH SHELL PLC-A SHS 4.5 %
ROYAL DUTCH SHELL PLC-B SHS 3.9 %
CONOCOPHILLIPS 3.2 %
TRANSCANADA CORP 2.9 %
PHILLIPS 66 2.4 %
Total 58.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 51.0 %
BRITAIN 14.0 %
CANADA 12.8 %
FRANCE 6.6 %
AUSTRALIA 2.2 %
BRAZIL 2.1 %
ITALY 1.6 %
JAPAN 1.4 %
HONG KONG 1.2 %
FINLAND 1.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-34.8% -30.7% -7.9% -1.4% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 1.42 73%
MSCI EAFE 1.65 84%
MSCI Emg. Mkts. 1.21 69%

Technical Indicators
Recent close $21.63
30d moving avg. $19.65
Annualized volatility 28.2%
Short interest (ETF) 1.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 1,041
Turnover 2.4%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $11,825

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IXC Expense: 46 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXC
Ticker Fund
Name
Overlap1
vs IXC
(%)
Expense
ratio
(bp)
Savings
vs IXC
(bp)
ALTAR
Score™
(%)
ALTAR
vs IXC
(%)
FILL iShares MSCI Global Energy Producers ETF 74.2 39 7 5.9 +0.6
XLE Energy Select Sector SPDR Fund 51.2 13 33 4.0 -1.3
FENY Fidelity MSCI Energy Index ETF 51.2 8 38 3.6 -1.7
IYE iShares U.S. Energy ETF 51.2 42 4 3.6 -1.8
VDE Vanguard Energy Index Fund 51.2 10 36 3.6 -1.8
IGE iShares North American Natural Resources ETF 45.0 46 0 3.8 -1.5
JHME John Hancock Multifactor Energy ETF 40.0 40 6 3.4 -2.0
FTXN First Trust Nasdaq Oil & Gas ETF 35.7 60 -14 2.0 -3.4
NANR SPDR S&P North American Natural Resources ETF 33.5 35 11 3.4 -2.0
RYE Invesco S&P 500 Equal Weight Energy ETF 32.6 40 6 3.1 -2.3
PXI Invesco DWA Energy Momentum ETF 28.4 60 -14 3.8 -1.6
HDV iShares Core High Dividend ETF 27.0 8 38 6.4 +1.1
FXN First Trust Energy AlphaDEX Fund 25.0 65 -19 -0.6 -5.9
GNR SPDR S&P Global Natural Resources ETF 24.5 40 6 6.4 +1.1
GUNR Flexshares Morningstar Global Upstream Natural Resources 24.2 46 0 5.9 +0.6
FDL First Trust Morningstar Dividend Leaders Index Fund 22.8 45 1 7.9 +2.6
XOP SPDR S&P Oil & Gas Exploration & Production ETF 22.7 35 11 2.4 -2.9
HAP VanEck Vectors Natural Resources ETF 21.6 50 -4 6.2 +0.8
IEO iShares U.S. Oil & Gas Exploration & Production ETF 16.4 42 4 3.1 -2.3
GRES IQ Global Resources ETF 14.7 77 -31 7.3 +2.0
EQRR ProShares Equities for Rising Rates ETF 14.5 35 11 5.8 +0.4
GII SPDR S&P Global Infrastructure ETF 13.7 40 6 5.2 -0.1
IGF iShares Global Infrastructure ETF 13.7 46 0 5.1 -0.2
TPYP Tortoise North American Pipeline Fund 13.5 40 6 5.7 +0.3
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 13.5 46 0 5.2 -0.1
ENFR Alerian Energy Infrastructure ETF 13.5 55 -9 4.7 -0.6
USAI Pacer American Energy Independence ETF 13.5 75 -29 2.6 -2.8
MLPX Global X MLP & Energy Infrastructure ETF 13.3 45 1 4.3 -1.0
GLIF AGFiQ Global Infrastructure ETF 13.1 45 1 5.1 -0.3
MAGA Point Bridge GOP Stock Tracker ETF 13.1 72 -26 6.3 +1.0
QCAN SPDR MSCI Canada Quality Mix ETF 12.8 14 32 7.1 +1.8
BBCA JPMorgan BetaBuilders Canada ETF 12.8 19 27 6.9 +1.5
EWC iShares MSCI Canada ETF 12.6 49 -3 6.6 +1.3
FLCA Franklin FTSE Canada ETF 12.5 9 37 7.2 +1.9
FTA First Trust Large Cap Value AlphaDEX Fund 12.2 60 -14 8.6 +3.3
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 11.9 49 -3 9.2 +3.8
DEW WisdomTree Global High Dividend Fund 11.9 58 -12 9.0 +3.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 11.8 65 -19 4.8 -0.5
SPHB Invesco S&P 500 High Beta ETF 11.7 25 21 9.3 +4.0
SPYD SPDR S&P 500 High Dividend ETF 11.5 7 39 9.9 +4.6
FIDI Fidelity International High Dividend ETF 11.3 39 7 10.8 +5.5
VRAI Virtus Real Asset Income ETF 11.2 55 -9 10.6 +5.3
FRAK VanEck Vectors Unconventional Oil & Gas ETF 10.9 54 -8 1.2 -4.2
EWU iShares MSCI United Kingdom ETF 10.8 50 -4 7.0 +1.6
QGBR SPDR MSCI UK StrategicFactors ETF 10.6 14 32 7.6 +2.2
DTH WisdomTree DEFA Equity Income Fund 10.4 58 -12 9.6 +4.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.4 38 8 7.7 +2.3
RDIV Invesco S&P Ultra Dividend Revenue ETF 10.4 39 7 10.2 +4.9
PXE Invesco Dynamic Energy Exploration & Production ETF 10.2 63 -17 1.2 -4.2
JKF iShares Morningstar Large Cap Value ETF 10.1 25 21 7.5 +2.1
FLGB Franklin FTSE United Kingdom ETF 9.9 9 37 7.5 +2.1
SPVU Invesco S&P 500 Enhanced Value ETF 9.7 13 33 10.4 +5.1
PID Invesco International Dividend Achievers ETF 9.3 54 -8 10.2 +4.9
DHS WisdomTree U.S. High Dividend Fund 9.3 38 8 8.2 +2.9
EMLP First Trust North American Energy Infrastructure Fund 9.2 95 -49 5.3 0.0
OEUR O'shares FTSE Europe Quality Dividend ETF 9.2 48 -2 6.6 +1.3
VLU SPDR S&P 1500 Value Tilt ETF 9.1 12 34 7.1 +1.8
CRAK VanEck Vectors Oil Refiners ETF 9.0 60 -14 11.8 +6.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.8 30 16 9.1 +3.7
DOL WisdomTree International LargeCap Dividend Fund 8.5 48 -2 8.5 +3.2
RPV Invesco S&P 500 Pure Value ETF 8.4 35 11 10.6 +5.3
PMOM Principal Sustainable Momentum Index ETF 8.4 29 17 8.6 +3.3
GCOW Pacer Global High Dividend ETF 8.3 60 -14 10.6 +5.3
DOO WisdomTree International Dividend ex-Financials Fund 8.3 58 -12 8.7 +3.3
DJD Invesco Dow Jones Industrial Average Dividend ETF 8.3 7 39 6.5 +1.2
INFR Legg Mason Global Infrastructure ETF 8.2 40 6 6.0 +0.7
ESGS Columbia Sustainable U.S. Equity Income ETF 8.2 35 11 8.6 +3.3
FOVL iShares Focused Value Factor ETF 8.1 25 21 9.6 +4.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 8.0 29 17 6.8 +1.4
OUSA O'Shares FTSE US Quality Dividend ETF 7.7 48 -2 5.7 +0.3
HLAL Wahed FTSE USA Shariah ETF 7.7 50 -4 4.6 -0.7
USDY Pacific Global US Equity Income ETF 7.6 29 17 7.5 +2.1
ISDX Invesco Strategic Developed ex-US ETF 7.6 23 23 7.4 +2.1
FDVV Fidelity Core Dividend ETF 7.5 29 17 7.1 +1.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 7.5 47 -1 6.4 +1.0
FDD First Trust Stoxx European Select Dividend Index Fund 7.4 57 -11 11.8 +6.5
IWX iShares Russell Top 200 Value ETF 7.3 20 26 6.9 +1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.3 45 1 8.8 +3.5
ICOW Pacer Developed Markets International Cash Cows 100 ETF 7.3 65 -19 11.7 +6.4
SLT Salt TruBeta High Exposure ETF 7.3 29 17 6.3 +0.9
BLES Inspire Global Hope Large Cap ETF 7.1 61 -15 6.2 +0.9
EQAL Invesco Russell 1000 Equal Weight ETF 7.0 20 26 4.9 -0.4
IDY Pacific Global International Equity Income ETF 7.0 39 7 8.0 +2.7
FAB First Trust Multi Cap Value AlphaDEX Fund 7.0 71 -25 8.9 +3.5
DIV Global X SuperDividend US ETF 7.0 45 1 9.6 +4.3
QDIV Global X S&P 500 Quality Dividend ETF 6.9 20 26 8.1 +2.7
WBIY WBI Power Factor High Dividend ETF 6.9 70 -24 12.7 +7.4
DLN WisdomTree U.S. LargeCap Dividend Fund 6.8 28 18 6.3 +0.9
PRF Invesco FTSE RAFI US 1000 ETF 6.8 39 7 6.6 +1.3
IQIN IQ 500 International ETF 6.8 25 21 9.0 +3.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 6.8 35 11 8.2 +2.8
FNDF Schwab Fundamental International Large Co. Index ETF 6.7 25 21 8.7 +3.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 6.7 20 26 10.9 +5.6
PEY Invesco High Yield Equity Dividend Achievers ETF 6.7 53 -7 8.3 +2.9
EDOW First Trust Dow 30 Equal Weight ETF 6.7 50 -4 5.7 +0.4
EFV iShares MSCI EAFE Value ETF 6.7 39 7 10.0 +4.7
SCHD Schwab U.S. Dividend Equity ETF 6.6 6 40 7.2 +1.9
REVS Columbia Research Enhanced Value ETF 6.6 19 27 7.4 +2.0
FLFR Franklin FTSE France ETF 6.6 9 37 6.8 +1.5
EWQ iShares MSCI France ETF 6.6 50 -4 6.4 +1.1

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Global Energy 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 6.0 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 5.3 %
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.