iShares Global Financials ETF
ALTAR
Score™
9.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.2x P/Sales
ratio
1.6x
P/BV
ratio
0.9x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Financials Sector Index Fund seeks investment results that correspond to the performance of the S&P Global Financials Index. The Fund uses a Representative Sampling strategy

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 16, 2001
Assets (mns) $199
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 192
Wgt avg mkt cap (mns) $100,708
Large cap (>$10bn) 95.0%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.1%
Developed mkts 93.1%
Emerging mkts 6.9%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 6.8 %
JPMORGAN CHASE & CO 5.7 %
BANK OF AMERICA CORP 3.7 %
CITIGROUP INC 2.0 %
WELLS FARGO & CO 1.9 %
AIA GROUP LTD 1.8 %
HSBC HOLDINGS PLC 1.8 %
ROYAL BANK OF CANADA 1.7 %
BLACKROCK INC 1.5 %
S&P GLOBAL, INC. 1.5 %
Total 28.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 47.1 %
CANADA 7.4 %
BRITAIN 7.1 %
JAPAN 5.2 %
AUSTRALIA 4.8 %
CHINA 4.6 %
SWITZERLAND 4.3 %
GERMANY 3.2 %
HONG KONG 2.9 %
FRANCE 1.9 %

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.
-25.3% -14.0% -0.1% 4.9% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 1.06 77%
MSCI EAFE 1.21 87%
MSCI Emg. Mkts. 0.92 77%

Technical Indicators
Recent close $55.36
30d moving avg. $49.26
Annualized volatility 20.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $34,154

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Global Financials ETF ETF based on the alternatives' overlap in portfolio holdings with IXG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IXG Expense: 46 bp ALTAR Score™: 9.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXG
Ticker Fund
Name
Overlap1
vs IXG
(%)
Expense
ratio
(bp)
Savings
vs IXG
(bp)
ALTAR
Score™
(%)
ALTAR
vs IXG
(%)
VFH Vanguard Financials Index Fund 49.7 10 36 8.4 -1.2
FNCL Fidelity MSCI Financials Index ETF 49.7 8 38 8.4 -1.2
XLF Financial Select Sector SPDR Fund 49.7 13 33 7.9 -1.7
IYF iShares U.S. Financials ETF 49.7 42 4 6.8 -2.8
JHMF John Hancock Multifactor Financials ETF 42.4 40 6 7.4 -2.2
IEFN iShares Evolved U.S. Financials ETF 39.6 18 28 8.8 -0.8
RYF Invesco S&P 500 Equal Weight Financials ETF 36.6 40 6 9.4 -0.2
IYG iShares US Financial Services ETF 33.6 42 4 6.5 -3.0
DFNL Davis Select Financial ETF 27.3 64 -18 7.9 -1.7
VYMI Vanguard International High Dividend Yield ETF 24.4 32 14 10.1 +0.5
EFV iShares MSCI EAFE Value ETF 23.9 39 7 10.0 +0.4
IWX iShares Russell Top 200 Value ETF 22.8 20 26 6.9 -2.7
EUFN iShares MSCI Europe Financials ETF 20.9 48 -2 11.5 +1.9
KBWB Invesco KBW Bank ETF 20.2 35 11 9.2 -0.4
DUSA Davis Select U.S. Equity ETF 19.9 63 -17 5.7 -3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.2 45 1 8.8 -0.8
MGV Vanguard Mega Cap Value ETF 19.0 7 39 7.0 -2.6
PKW Invesco Buyback Achievers ETF 18.9 62 -16 6.7 -2.9
VLU SPDR S&P 1500 Value Tilt ETF 18.8 12 34 7.0 -2.6
IWD iShares Russell 1000 Value ETF 18.5 19 27 6.9 -2.7
RAFE PIMCO RAFI ESG U.S. ETF 18.4 29 17 7.6 -2.0
SPYV SPDR Portfolio S&P 500 Value ETF 18.4 4 42 7.2 -2.4
IVE iShares S&P 500 Value ETF 18.4 18 28 7.1 -2.5
VTV Vanguard Value Index Fund 18.3 4 42 7.2 -2.4
VONV Vanguard Russell 1000 Value Index Fund 18.3 8 38 7.0 -2.6
FTXO First Trust Nasdaq Bank ETF 18.3 60 -14 9.0 -0.6
VOOV Vanguard S&P 500 Value ETF 18.2 15 31 7.1 -2.5
DIVB iShares U.S. Dividend & Buyback ETF 18.1 25 21 6.4 -3.2
JKF iShares Morningstar Large Cap Value ETF 18.0 25 21 7.5 -2.1
IUSV iShares Core S&P U.S. Value ETF 17.2 4 42 7.3 -2.3
FXO First Trust Financials AlphaDEX Fund 17.2 63 -17 11.6 +2.0
SPVU Invesco S&P 500 Enhanced Value ETF 16.8 13 33 10.6 +1.0
PWV Invesco Dynamic Large Cap Value ETF 16.7 55 -9 8.1 -1.5
DGRO iShares Core Dividend Growth ETF 16.6 8 38 6.4 -3.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 16.5 15 31 6.7 -2.9
RPV Invesco S&P 500 Pure Value ETF 16.0 35 11 10.9 +1.3
IQSI IQ Candriam ESG International Equity ETF 15.7 15 31 7.3 -2.3
USDY Pacific Global US Equity Income ETF 15.6 29 17 7.6 -2.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 15.5 20 26 7.2 -2.3
LEGR First Trust Index Digital Transaction & Process Technology E 15.5 65 -19 7.0 -2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.2 14 32 7.0 -2.6
EPS WisdomTree U.S. Earnings 500 Fund 15.1 8 38 6.4 -3.2
SPVM Invesco S&P 500 Value with Momentum ETF 14.9 39 7 9.0 -0.6
PDEV Principal International Multi-Factor Core Index ETF 14.8 25 21 7.8 -1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 14.8 20 26 7.2 -2.4
FNDF Schwab Fundamental International Large Co. Index ETF 14.7 25 21 8.6 -1.0
SCHV Schwab U.S. Large-Cap Value ETF 14.7 4 42 7.0 -2.6
IEV iShares Europe ETF 14.5 59 -13 6.8 -2.8
SCHF Schwab International Equity ETF 14.4 6 40 7.4 -2.2
REVS Columbia Research Enhanced Value ETF 14.3 19 27 7.4 -2.2
EFA iShares MSCI EAFE ETF 14.3 32 14 7.1 -2.5
SPXT ProShares S&P 500 Ex-Technology ETF 14.1 27 19 5.6 -4.0
HFXI IQ 50 Percent Hedged FTSE International ETF 14.1 20 26 7.5 -2.1
CIL VictoryShares International Volatility Weighted Index ETF 14.0 45 1 6.7 -2.9
PRF Invesco FTSE RAFI US 1000 ETF 14.0 39 7 6.7 -2.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.9 35 11 7.0 -2.6
CWI SPDR MSCI ACWI ex-US ETF 13.9 30 16 7.6 -2.0
TTFS AdvisorShares Wilshire Buyback ETF 13.9 91 -45 6.1 -3.5
SPYB SPDR S&P 500 Buyback ETF 13.8 35 11 9.5 -0.1
FTA First Trust Large Cap Value AlphaDEX Fund 13.8 60 -14 8.8 -0.8
VYM Vanguard High Dividend Yield Index ETF 13.7 6 40 7.1 -2.5
SPHB Invesco S&P 500 High Beta ETF 13.6 25 21 9.6 0.0
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 13.6 49 -3 9.4 -0.2
VSGX Vanguard ESG International Stock ETF 13.6 17 29 7.3 -2.2
DOL WisdomTree International LargeCap Dividend Fund 13.6 48 -2 8.5 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 13.5 5 41 7.2 -2.4
DGT SPDR Global Dow ETF 13.5 50 -4 6.8 -2.8
BBEU JPMorgan BetaBuilders Europe ETF 13.5 9 37 7.2 -2.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 13.5 30 16 6.2 -3.4
IGRO iShares International Dividend Growth ETF 13.4 22 24 7.9 -1.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.3 45 1 6.7 -2.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 13.3 30 16 6.8 -2.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.2 20 26 10.8 +1.3
FLEE Franklin FTSE Europe ETF 13.2 9 37 7.0 -2.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.1 16 30 7.1 -2.5
KCE SPDR S&P Capital Markets ETF 13.1 35 11 7.9 -1.7
SPDW SPDR Portfolio Developed World ex-US ETF 13.1 4 42 7.2 -2.4
FLEH Franklin FTSE Europe Hedged ETF 13.0 9 37 7.1 -2.5
DTH WisdomTree DEFA Equity Income Fund 12.9 58 -12 9.5 -0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.9 7 39 7.6 -2.0
VEA Vanguard FTSE Developed Markets ETF 12.8 5 41 7.4 -2.2
JKD iShares Morningstar Large-Cap ETF 12.8 20 26 5.8 -3.8
ACWX iShares MSCI ACWI ex U.S. ETF 12.7 32 14 7.5 -2.1
KBE SPDR S&P Bank ETF 12.6 35 11 10.3 +0.7
JHMD John Hancock Multifactor Developed International ETF 12.6 45 1 7.4 -2.2
FMK First Trust Mega Cap AlphaDEX Fund 12.6 70 -24 5.2 -4.4
IPAC iShares Core MSCI Pacific ETF 12.5 9 37 7.4 -2.2
EQWL Invesco Russell Top 200 Equal Weight ETF 12.5 25 21 5.9 -3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.5 40 6 7.3 -2.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 12.4 48 -2 0.0 -9.6
VEU Vanguard FTSE All-World ex-US Index Fund 12.4 8 38 7.7 -1.9
SPXV ProShares S&P 500 Ex-Health Care ETF 12.3 27 19 5.1 -4.5
QEFA SPDR MSCI EAFE Quality Mix ETF 12.3 30 16 6.8 -2.8
IEFA iShares Core MSCI EAFE ETF 12.2 7 39 7.3 -2.3
VEGN US Vegan Climate ETF 12.2 60 -14 5.2 -4.4
VGK Vanguard FTSE Europe ETF 12.2 8 38 7.3 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 12.1 58 -12 9.9 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 12.1 28 18 6.3 -3.3
IEUR iShares Core MSCI Europe ETF 12.0 9 37 7.3 -2.3

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 Global Financials ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.