iShares Global Financials ETF
ALTAR
Score™
10.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.4x P/Sales
ratio
1.5x
P/BV
ratio
0.9x Div.
yield
3.5%


  • 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 12, 2001
Assets (mns) $234
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 191
Wgt avg mkt cap (mns) $104,986
Large cap (>$10bn) 95.2%
Mid cap ($2-10bn) 4.9%
Small cap (<$2bn) 0.0%
Developed mkts 93.2%
Emerging mkts 6.9%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 7.7 %
MIZUHO FINANCIAL GROUP INC 6.1 %
JPMORGAN CHASE & CO 5.3 %
BANK OF AMERICA CORP 3.3 %
AIA GROUP LTD 2.2 %
ROYAL BANK OF CANADA 1.8 %
WELLS FARGO & CO 1.8 %
CITIGROUP INC 1.6 %
S&P GLOBAL, INC. 1.6 %
TORONTO-DOMINION BANK 1.5 %
Total 33.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 46.4 %
JAPAN 10.7 %
CANADA 7.9 %
BRITAIN 6.8 %
AUSTRALIA 5.0 %
SWITZERLAND 4.3 %
CHINA 4.0 %
HONG KONG 3.4 %
GERMANY 3.3 %
FRANCE 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.4% -5.3% 3.6% 5.9% 3.1%

Market Correlations
versus... Beta R-squared
S&P500 1.04 79%
MSCI EAFE 1.20 89%
MSCI Emg. Mkts. 0.88 75%

Technical Indicators
Recent close $53.28
30d moving avg. $54.90
Annualized volatility 20.4%
Short interest (ETF) 1.2%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 28
Turnover 0.6%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $13,510

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 10.2%


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
(%)
FNCL Fidelity MSCI Financials Index ETF 48.9 8 38 8.9 -1.3
VFH Vanguard Financials Index Fund 48.9 10 36 8.9 -1.4
XLF Financial Select Sector SPDR Fund 48.9 13 33 8.3 -2.0
IYF iShares U.S. Financials ETF 48.9 42 4 7.0 -3.3
JHMF John Hancock Multifactor Financials ETF 42.7 40 6 7.8 -2.4
IEFN iShares Evolved U.S. Financials ETF 39.0 18 28 9.4 -0.8
RYF Invesco S&P 500 Equal Weight Financials ETF 36.3 40 6 9.8 -0.5
IYG iShares US Financial Services ETF 32.0 42 4 7.0 -3.2
DFNL Davis Select Financial ETF 27.6 64 -18 8.7 -1.5
EFV iShares MSCI EAFE Value ETF 26.4 39 7 9.7 -0.6
VYMI Vanguard International High Dividend Yield ETF 24.3 27 19 10.3 +0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.8 45 1 8.9 -1.3
EUFN iShares MSCI Europe Financials ETF 21.0 48 -2 12.8 +2.6
FXO First Trust Financials AlphaDEX Fund 20.6 63 -17 13.1 +2.8
DUSA Davis Select U.S. Equity ETF 20.2 63 -17 6.1 -4.1
DGT SPDR Global Dow ETF 20.2 50 -4 6.7 -3.5
IWX iShares Russell Top 200 Value ETF 19.9 20 26 6.8 -3.5
MGV Vanguard Mega Cap Value ETF 19.4 7 39 7.2 -3.0
DIVB iShares U.S. Dividend & Buyback ETF 19.0 25 21 7.1 -3.1
KBWB Invesco KBW Bank ETF 18.6 35 11 10.7 +0.4
RAFE PIMCO RAFI ESG U.S. ETF 18.6 29 17 7.6 -2.6
BKIE BNY Mellon International Equity ETF 18.5 4 42 7.3 -2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.5 14 32 6.8 -3.4
VOOV Vanguard S&P 500 Value ETF 18.4 10 36 7.3 -2.9
IVE iShares S&P 500 Value ETF 18.4 18 28 7.2 -3.0
JKF iShares Morningstar Large Cap Value ETF 18.3 25 21 7.6 -2.6
VLU SPDR S&P 1500 Value Tilt ETF 18.3 12 34 7.6 -2.7
SPYV SPDR Portfolio S&P 500 Value ETF 18.3 4 42 7.4 -2.9
PKW Invesco Buyback Achievers ETF 17.8 62 -16 7.3 -2.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 17.8 35 11 6.9 -3.4
VTV Vanguard Value Index Fund 17.8 4 42 7.4 -2.8
FNDF Schwab Fundamental International Large Co. Index ETF 17.8 25 21 8.8 -1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 17.6 30 16 6.8 -3.5
DOL WisdomTree International LargeCap Dividend Fund 17.6 48 -2 8.7 -1.6
SPVU Invesco S&P 500 Enhanced Value ETF 17.3 13 33 11.9 +1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.2 20 26 7.0 -3.3
IUSV iShares Core S&P U.S. Value ETF 17.2 4 42 7.5 -2.8
IPAC iShares Core MSCI Pacific ETF 17.1 9 37 7.0 -3.2
IVLU iShares Edge MSCI Intl Value Factor ETF 17.1 30 16 11.5 +1.3
LEGR First Trust Index Digital Transaction & Process Technology E 16.9 65 -19 7.0 -3.2
DTH WisdomTree DEFA Equity Income Fund 16.8 58 -12 9.9 -0.3
PDEV Principal International Multi-Factor Core Index ETF 16.8 25 21 7.9 -2.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 16.6 30 16 0.0 -10.2
ESGD iShares MSCI EAFE ESG Optimized ETF 16.6 20 26 6.9 -3.4
DGRO iShares Core Dividend Growth ETF 16.3 8 38 6.9 -3.3
IWD iShares Russell 1000 Value ETF 16.1 19 27 6.9 -3.3
VSGX Vanguard ESG International Stock ETF 16.1 17 29 7.1 -3.1
PWV Invesco Dynamic Large Cap Value ETF 16.0 56 -10 8.2 -2.1
EFA iShares MSCI EAFE ETF 16.0 32 14 7.0 -3.3
VONV Vanguard Russell 1000 Value Index Fund 16.0 8 38 7.0 -3.2
SCHF Schwab International Equity ETF 15.9 6 40 7.3 -3.0
GSID Goldman Sachs MarketBeta International Equity ETF 15.9 20 26 7.3 -3.0
RPV Invesco S&P 500 Pure Value ETF 15.8 35 11 11.1 +0.9
IQSI IQ Candriam ESG International Equity ETF 15.7 15 31 7.3 -3.0
VYM Vanguard High Dividend Yield Index ETF 15.6 6 40 7.5 -2.8
BLCN Reality Shares Nasdaq NextGen Economy ETF 15.6 68 -22 3.7 -6.6
HFXI IQ 50 Percent Hedged FTSE International ETF 15.5 20 26 7.4 -2.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 15.2 35 11 6.8 -3.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.1 45 1 6.6 -3.6
IDEV iShares Core MSCI International Developed Markets ETF 15.0 5 41 7.2 -3.1
CIL VictoryShares International Volatility Weighted Index ETF 15.0 45 1 6.6 -3.6
VPL Vanguard FTSE Pacific ETF 15.0 8 38 7.4 -2.8
SCHV Schwab U.S. Large-Cap Value ETF 15.0 4 42 7.1 -3.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.9 35 11 8.6 -1.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.8 16 30 6.9 -3.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 14.5 7 39 7.4 -2.8
DWM WisdomTree International Equity Fund 14.4 48 -2 8.3 -1.9
EPS WisdomTree U.S. Earnings 500 Fund 14.3 8 38 7.1 -3.1
VEA Vanguard FTSE Developed Markets ETF 14.3 5 41 7.3 -2.9
JHMD John Hancock Multifactor Developed International ETF 14.2 39 7 7.3 -2.9
SPDW SPDR Portfolio Developed World ex-US ETF 14.1 4 42 7.1 -3.2
CWI SPDR MSCI ACWI ex-US ETF 14.1 30 16 7.2 -3.0
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 14.1 15 31 6.8 -3.4
IGRO iShares International Dividend Growth ETF 13.9 22 24 8.0 -2.2
IEV iShares Europe ETF 13.9 59 -13 6.8 -3.4
QWLD SPDR MSCI World StrategicFactors ETF 13.8 30 16 6.3 -3.9
FTA First Trust Large Cap Value AlphaDEX Fund 13.7 60 -14 9.3 -0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 13.7 30 16 0.0 -10.2
SPVM Invesco S&P 500 Value with Momentum ETF 13.6 39 7 9.0 -1.3
IEFA iShares Core MSCI EAFE ETF 13.6 7 39 7.2 -3.0
PRF Invesco FTSE RAFI US 1000 ETF 13.6 39 7 7.2 -3.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 13.6 30 16 5.9 -4.3
ACWX iShares MSCI ACWI ex U.S. ETF 13.5 32 14 7.3 -3.0
VEU Vanguard FTSE All-World ex-US Index Fund 13.4 8 38 7.6 -2.7
USDY Pacific Global US Equity Income ETF 13.4 29 17 7.2 -3.0
SPXT ProShares S&P 500 Ex-Technology ETF 13.4 27 19 5.5 -4.7
RWL Invesco S&P 500 Revenue ETF 13.3 39 7 7.4 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.2 40 6 7.1 -3.2
BBEU JPMorgan BetaBuilders Europe ETF 13.1 9 37 7.4 -2.9
VGFO Virtus WMC Global Factor Opportunities ETF 13.0 49 -3 8.0 -2.2
KCE SPDR S&P Capital Markets ETF 12.9 35 11 9.4 -0.8
DEW WisdomTree Global High Dividend Fund 12.8 58 -12 9.6 -0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.8 39 7 8.3 -2.0
KBE SPDR S&P Bank ETF 12.7 35 11 11.9 +1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 12.7 20 26 11.5 +1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 12.6 25 21 7.3 -2.9
FLEE Franklin FTSE Europe ETF 12.6 9 37 7.0 -3.2
VFVA Vanguard U.S. Value Factor ETF 12.6 14 32 11.3 +1.0

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 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 0.8 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.50
 
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.