iShares Global Tech ETF
ALTAR
Score™
4.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.8x P/Sales
ratio
4.6x
P/BV
ratio
5.5x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Technology Sector Index Fund seeks investment results that correspond to the performance of the S&P Global Information Technology Sector Index. These include companies that

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Nov 12, 2001
Assets (mns) $4,268
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 119
Wgt avg mkt cap (mns) $774,203
Large cap (>$10bn) 99.3%
Mid cap ($2-10bn) 0.7%
Small cap (<$2bn) 0.0%
Developed mkts 92.6%
Emerging mkts 7.4%

TOP TEN HOLDINGS
APPLE INC 18.9 %
MICROSOFT CORP 16.8 %
VISA INC-CLASS A SHARES 3.5 %
MASTERCARD INC-CLASS A 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 2.9 %
NVIDIA CORP 2.9 %
SAMSUNG ELECTRONICS CO LTD 2.6 %
PAYPAL HOLDINGS INC 2.4 %
ADOBE SYSTEMS INC 2.3 %
INTEL CORP 2.1 %
Total 57.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.9 %
TAIWAN 3.8 %
JAPAN 3.6 %
SOUTH KOREA 3.6 %
GERMANY 2.2 %
NETHERLANDS 2.1 %
CANADA 1.7 %
IRELAND 1.7 %
SWITZERLAND 0.8 %
FRANCE 0.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.5% 37.8% 22.1% 17.8% 9.3%

Market Correlations
versus... Beta R-squared
S&P500 1.01 85%
MSCI EAFE 0.99 70%
MSCI Emg. Mkts. 0.72 61%

Technical Indicators
Recent close $257.87
30d moving avg. $247.56
Annualized volatility 18.8%
Short interest (ETF) 1.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 69
Turnover 0.4%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $66,083

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IXN Expense: 46 bp ALTAR Score™: 4.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IXN
Ticker Fund
Name
Overlap1
vs IXN
(%)
Expense
ratio
(bp)
Savings
vs IXN
(bp)
ALTAR
Score™
(%)
ALTAR
vs IXN
(%)
XLK Technology Select Sector SPDR Fund 79.8 13 33 4.6 +0.3
FTEC Fidelity MSCI Information Technology Index ETF 79.8 8 38 4.4 +0.1
VGT Vanguard Information Technology Index Fund 79.8 10 36 4.4 +0.1
IYW iShares U.S. Technology ETF 64.4 42 4 3.9 -0.4
IETC iShares Evolved U.S. Technology ETF 60.0 18 28 3.7 -0.6
IGM iShares Expanded Tech Sector ETF 59.0 46 0 3.7 -0.6
QYLD Global X NASDAQ 100 Covered Call ETF 48.5 60 -14 3.3 -1.0
NUSI Nationwide Risk-Managed Income ETF 48.4 68 -22 3.3 -1.0
QQQ Invesco QQQ Trust 46.0 20 26 3.7 -0.6
IWY iShares Russell Top 200 Growth ETF 44.4 20 26 3.7 -0.6
MGK Vanguard Mega Cap Growth ETF 43.9 7 39 3.9 -0.4
JHMT John Hancock Multifactor Technology ETF 43.2 40 6 4.8 +0.5
SPMO Invesco S&P 500 Momentum ETF 40.9 13 33 4.1 -0.2
VEGN US Vegan Climate ETF 40.5 60 -14 5.0 +0.7
VOOG Vanguard S&P 500 Growth ETF 40.3 10 36 4.1 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 40.3 4 42 4.2 -0.1
IVW iShares S&P 500 Growth ETF 40.3 18 28 4.0 -0.3
VONG Vanguard Russell 1000 Growth Index Fund 39.4 8 38 3.7 -0.6
IWF iShares Russell 1000 Growth ETF 39.3 19 27 3.6 -0.7
VUG Vanguard Growth Index Fund 38.7 4 42 3.8 -0.5
RYT Invesco S&P 500 Equal Weight Technology ETF 38.5 40 6 6.5 +2.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 38.2 49 -3 3.8 -0.5
XLG Invesco S&P 500 Top 50 ETF 38.2 20 26 4.3 0.0
IUSG iShares Core S&P US Growth ETF 38.1 4 42 4.2 -0.1
TECB iShares US Tech Breakthrough Multisector ETF 38.0 40 6 4.0 -0.3
TMFC Motley Fool 100 Index ETF 37.1 50 -4 3.3 -1.0
HLAL Wahed FTSE USA Shariah ETF 36.9 50 -4 4.3 -0.0
HIPR Direxion High Growth ETF 36.8 40 6 4.3 +0.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 36.6 21 25 3.0 -1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.5 12 34 4.5 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 36.1 60 -14 3.9 -0.4
SCHG Schwab U.S. Large-Cap Growth ETF 35.3 4 42 3.9 -0.4
IQSU IQ Candriam ESG US Equity ETF 35.1 9 37 4.9 +0.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 34.7 50 -4 5.6 +1.3
SYG SPDR MFS Systematic Growth Equity ETF 32.6 60 -14 4.2 -0.1
OEF iShares S&P 100 ETF 32.2 20 26 4.6 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 32.2 27 19 4.7 +0.5
STLG iShares Factors US Growth Style ETF 31.9 25 21 3.5 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 31.5 27 19 4.7 +0.4
DSI iShares MSCI KLD 400 Social ETF 31.0 25 21 5.0 +0.7
SPHQ Invesco S&P 500 Quality ETF 30.9 15 31 4.5 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 30.0 0 46 4.9 +0.7
IWL iShares Russell Top 200 ETF 29.5 15 31 4.7 +0.5
KOIN Innovation Shares NextGen Protocol ETF 29.2 95 -49 4.1 -0.2
SNPE Xtrackers S&P 500 ESG ETF 29.0 11 35 4.9 +0.6
TDV ProShares S&P Technology Dividend Aristocrats ETF 28.9 45 1 4.7 +0.4
PBP Invesco S&P 500 BuyWrite ETF 28.8 49 -3 4.7 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 28.3 27 19 5.1 +0.8
HSPX Global X S&P 500 Covered Call ETF 28.2 65 -19 4.6 +0.3
XNTK SPDR NYSE Technology ETF 28.1 35 11 3.5 -0.8
MGC Vanguard Mega Cap Index Fund 28.1 7 39 5.0 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.1 20 26 5.1 +0.8
CATH Global X S&P 500 Catholic Values Custom ETF 27.6 29 17 5.0 +0.7
SPY SPDR S&P 500 ETF Trust 27.6 9 37 5.1 +0.8
GDAT Goldman Sachs Motif Data-Driven World Etf 27.6 50 -4 4.7 +0.4
SPLG SPDR Portfolio Large Cap ETF 27.5 3 43 5.2 +0.9
IVV iShares Core S&P 500 ETF 27.5 4 42 5.2 +0.9
JKE iShares Morningstar Large-Cap Growth ETF 27.5 25 21 2.8 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 27.4 32 14 4.8 +0.5
VOO VANGUARD S&P 500 ETF 27.4 3 43 5.2 +0.9
IOO iShares Global 100 ETF 27.2 40 6 4.6 +0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 27.0 10 36 5.1 +0.8
RECS Columbia Research Enhanced Core ETF 26.9 15 31 5.4 +1.1
SUSL iShares ESG MSCI USA Leaders ETF 26.9 10 36 5.1 +0.9
JKD iShares Morningstar Large-Cap ETF 26.8 20 26 5.3 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 26.8 7 39 5.0 +0.7
QUAL iShares MSCI Usa Quality Factor ETF 26.7 15 31 5.2 +0.9
ESGU iShares MSCI USA ESG Optimized ETF 26.6 15 31 4.9 +0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.4 20 26 4.7 +0.4
ESGV Vanguard ESG U.S. Stock ETF 26.4 12 34 4.9 +0.6
JQUA JPMorgan U.S. Quality Factor ETF 26.1 12 34 5.1 +0.8
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 26.1 57 -11 4.8 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 26.1 2 44 5.1 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.1 9 37 5.3 +1.0
SUSA iShares MSCI USA ESG Select ETF 26.0 25 21 4.6 +0.3
PBUS Invesco PureBeta MSCI USA ETF 26.0 4 42 5.0 +0.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 25.9 52 -6 4.8 +0.5
AIQ Global X Future Analytics Tech ETF 25.8 68 -22 4.2 -0.1
JMOM JPMorgan U.S. Momentum Factor ETF 25.7 12 34 3.6 -0.7
VV Vanguard Large-Cap Index Fund 25.4 4 42 5.0 +0.7
SCHX Schwab U.S. Large-Cap ETF 25.4 3 43 5.1 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 25.3 3 43 5.3 +1.0
QUS SPDR MSCI USA StrategicFactors ETF 25.2 15 31 5.6 +1.3
ADME Aptus Drawdown Managed Equity ETF 25.2 81 -35 3.2 -1.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 25.1 37 9 5.9 +1.6
FDRR Fidelity Dividend ETF for Rising Rates 25.1 29 17 6.7 +2.4
NACP Impact Shares NAACP Minority Empowerment ETF 25.0 75 -29 4.6 +0.3
FQAL Fidelity Quality Factor ETF 25.0 29 17 5.3 +1.0
SFY SoFi Select 500 ETF 25.0 0 46 5.0 +0.7
LRGE ClearBridge Large Cap Growth ESG ETF 24.9 59 -13 3.6 -0.7
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 24.7 19 27 5.8 +1.5
SCHK Schwab 1000 Index ETF 24.6 5 41 5.0 +0.7
QDF FlexShares Quality Dividend Index Fund 24.5 37 9 5.9 +1.6
SYE SPDR MFS Systematic Core Equity ETF 24.5 60 -14 5.5 +1.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 24.3 15 31 4.1 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 24.3 15 31 6.0 +1.7
IYY iShares Dow Jones U.S. ETF 24.3 20 26 4.9 +0.6
VONE Vanguard Russell 1000 ETF 24.2 8 38 5.0 +0.7
IWB iShares Russell 1000 ETF 24.2 15 31 4.9 +0.6
FDLO Fidelity Low Volatility Factor ETF 24.2 29 17 4.9 +0.6

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 Tech 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 23.6 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 4.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.