iShares S&P Global Energy Sector
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.6x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
4.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Energy Sector Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective is to seek investment results that correspond to the performance of the S&P Global Energy Index.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 16, 2001
Assets (mns) $896
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 63
Wgt avg mkt cap (mns) $120,475
Large cap (>$10bn) 91.8%
Mid cap ($2-10bn) 8.2%
Small cap (<$2bn) 0.0%
Developed mkts 96.0%
Emerging mkts 4.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 13.2 %
CHEVRON CORP 10.3 %
TOTAL SA 6.2 %
BP PLC 6.0 %
ROYAL DUTCH SHELL PLC-A SHS 5.8 %
ROYAL DUTCH SHELL PLC-B SHS 5.0 %
ENBRIDGE INC 3.5 %
CONOCOPHILLIPS 2.9 %
PHILLIPS 66 2.4 %
SUNCOR ENERGY INC 2.3 %
Total 57.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 50.4 %
BRITAIN 17.1 %
CANADA 11.8 %
FRANCE 6.2 %
BRAZIL 2.6 %
AUSTRALIA 2.4 %
ITALY 1.8 %
JAPAN 1.2 %
HONG KONG 1.1 %
SPAIN 1.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.2% -8.0% -3.2% 1.4% 7.0%

Market Correlations
versus... Beta R-squared
S&P500 1.04 51%
MSCI EAFE 1.15 53%
MSCI Emg. Mkts. 0.63 26%

Technical Indicators
Recent close $31.28
30d moving avg. $30.86
Annualized volatility 17.6%
Short interest (ETF) 0.5%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 221
Turnover 0.8%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $8,261

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares S&P Global Energy Sector 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™: 5.2%


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 76.3 39 7 5.6 +0.4
XLE Energy Select Sector SPDR 50.8 13 33 4.4 -0.8
FENY Fidelity MSCI Energy 50.8 8 38 4.0 -1.1
IYE iShares DJ US Energy Sector 50.8 42 4 4.0 -1.2
VDE Vanguard Energy ETF 50.8 10 36 3.9 -1.3
IGE iShares North American Natural Resources 47.1 46 0 4.0 -1.1
JHME John Hancock Multifactor Energy 38.9 40 6 3.4 -1.8
FTXN First Trust Nasdaq Oil & Gas 36.0 60 -14 2.7 -2.5
NANR SPDR S&P N. American Nat. Resources 35.9 35 11 4.2 -1.0
RYE Invesco S&P Equal Weight Energy ETF 34.4 40 6 3.6 -1.6
XLEY Cushing Energy & MLP 31.2 65 -19 3.7 -1.5
GNR SPDR S&P Global Nat. Resources 29.7 40 6 6.6 +1.4
FXN First Trust Energy Alphadex 28.1 63 -17 4.6 -0.6
GUNR Flexshares Global Upstream Natural Resources 26.1 46 0 5.7 +0.6
HAP VanEck Vectors Hard Asset Producers 25.8 50 -4 5.9 +0.7
XOP SPDR S&P Oil & Gas Exploration 22.5 35 11 3.7 -1.5
XLSY Cushing Energy Supply Chain & MLP 22.3 65 -19 5.6 +0.4
PXI Invesco Dynamic Energy Sector 21.9 60 -14 -0.7 -5.8
HDV iShares High Dividend 21.5 8 38 6.7 +1.5
FDL First Trust Morningstar Dividend Leaders 20.9 45 1 8.6 +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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares S&P Global Energy Sector
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 7.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.54
 
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.