iShares Global Tech ETF
ALTAR
Score™		 4.2% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 29.4x P/Sales
ratio		 4.8x
P/BV
ratio		 5.8x Div.
yield		 1.1%


  • 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) $4,555
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 122
Wgt avg mkt cap (mns) $741,563
Large cap (>$10bn) 99.1%
Mid cap ($2-10bn) 0.9%
Small cap (<$2bn) 0.0%
Developed mkts 92.3%
Emerging mkts 7.7%

TOP TEN HOLDINGS
APPLE INC 18.5 %
MICROSOFT CORP 15.6 %
VISA INC-CLASS A SHARES 3.4 %
TAIWAN SEMICONDUCTOR MANUFAC 3.2 %
NVIDIA CORP 3.2 %
SAMSUNG ELECTRONICS CO LTD 2.9 %
MASTERCARD INC-CLASS A 2.8 %
SALESFORCE.COM INC 2.3 %
PAYPAL HOLDINGS INC 2.2 %
ADOBE SYSTEMS INC 2.2 %
Total 56.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.9 %
SOUTH KOREA 4.1 %
TAIWAN 4.0 %
JAPAN 4.0 %
NETHERLANDS 2.3 %
GERMANY 1.7 %
IRELAND 1.6 %
CANADA 1.6 %
FRANCE 0.9 %
SWITZERLAND 0.8 %

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.
19.5% 31.7% 21.5% 16.8% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.03 87%
MSCI EAFE 1.04 73%
MSCI Emg. Mkts. 0.72 54%

Technical Indicators
Recent close $275.25
30d moving avg. $269.07
Annualized volatility 19.7%
Short interest (ETF) 1.5%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 86
Turnover 0.5%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $58,160

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 4.2%


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 78.9 13 33 4.6 +0.4
FTEC Fidelity MSCI Information Technology Index ETF 78.9 8 38 4.3 +0.1
VGT Vanguard Information Technology Index Fund 78.8 10 36 4.3 +0.1
IYW iShares U.S. Technology ETF 63.8 43 3 3.7 -0.5
IETC iShares Evolved U.S. Technology ETF 59.3 18 28 3.7 -0.5
IGM iShares Expanded Tech Sector ETF 57.7 46 0 3.6 -0.6
MGK Vanguard Mega Cap Growth ETF 46.7 7 39 3.9 -0.3
QQQM Invesco NASDAQ 100 ETF 44.9 15 31 3.8 -0.4
QQQ Invesco QQQ Trust 44.9 20 26 3.8 -0.4
NUSI Nationwide Risk-Managed Income ETF 44.9 68 -22 3.5 -0.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 44.9 60 -14 3.4 -0.8
QYLD Global X NASDAQ 100 Covered Call ETF 44.8 60 -14 3.4 -0.8
IWY iShares Russell Top 200 Growth ETF 44.3 20 26 3.8 -0.4
VOOG Vanguard S&P 500 Growth ETF 41.9 10 36 4.2 -0.1
JHMT John Hancock Multifactor Technology ETF 41.0 40 6 4.4 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 40.8 49 -3 3.9 -0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 40.1 4 42 4.2 0.0
IVW iShares S&P 500 Growth ETF 40.1 18 28 4.1 -0.1
VEGN US Vegan Climate ETF 39.8 60 -14 4.7 +0.5
IWF iShares Russell 1000 Growth ETF 39.0 19 27 3.7 -0.6
SCHG Schwab U.S. Large-Cap Growth ETF 39.0 4 42 3.4 -0.8
VUG Vanguard Growth Index Fund 38.3 4 42 3.7 -0.5
TMFC Motley Fool 100 Index ETF 38.1 50 -4 3.3 -0.9
VONG Vanguard Russell 1000 Growth Index Fund 38.0 8 38 3.8 -0.4
TECB iShares US Tech Breakthrough Multisector ETF 38.0 40 6 3.9 -0.3
IUSG iShares Core S&P US Growth ETF 37.9 4 42 4.2 +0.0
XLG Invesco S&P 500 Top 50 ETF 37.7 20 26 4.3 +0.1
RYT Invesco S&P 500 Equal Weight Technology ETF 36.9 40 6 6.1 +1.9
GBGR Global Beta Momentum-Growth ETF 36.9 29 17 5.2 +1.0
HIPR Direxion High Growth ETF 36.9 40 6 4.4 +0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.8 12 34 4.2 0.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 35.1 21 25 2.9 -1.3
HLAL Wahed FTSE USA Shariah ETF 34.6 50 -4 4.2 -0.0
IQSU IQ Candriam ESG US Equity ETF 34.6 9 37 4.8 +0.6
STLG iShares Factors US Growth Style ETF 33.7 25 21 4.2 -0.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 33.3 60 -14 3.9 -0.3
USXF iShares ESG Advanced MSCI USA ETF 32.1 10 36 4.7 +0.5
SPMO Invesco S&P 500 Momentum ETF 32.0 13 33 4.0 -0.2
ESGV Vanguard ESG U.S. Stock ETF 31.9 12 34 4.8 +0.6
OEF iShares S&P 100 ETF 31.6 20 26 4.6 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 31.5 27 19 4.7 +0.5
SPXN ProShares S&P 500 Ex-Financials ETF 31.1 27 19 4.7 +0.5
SYG SPDR MFS Systematic Growth Equity ETF 31.0 60 -14 4.1 -0.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 30.6 50 -4 6.4 +2.2
SPHQ Invesco S&P 500 Quality ETF 30.3 15 31 4.4 +0.2
DSI iShares MSCI KLD 400 Social ETF 30.2 25 21 4.8 +0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 29.7 0 46 4.8 +0.6
EFIV SPDR S&P 500 ESG ETF 29.1 10 36 4.8 +0.6
IWL iShares Russell Top 200 ETF 29.0 15 31 4.7 +0.5
SNPE Xtrackers S&P 500 ESG ETF 29.0 10 36 4.8 +0.6
KOIN Innovation Shares NextGen Protocol ETF 28.5 95 -49 4.2 -0.0
MGC Vanguard Mega Cap Index Fund 28.5 7 39 4.8 +0.6
TDV ProShares S&P Technology Dividend Aristocrats ETF 28.1 46 0 4.5 +0.3
XNTK SPDR NYSE Technology ETF 28.0 35 11 3.3 -0.9
PBP Invesco S&P 500 BuyWrite ETF 27.8 49 -3 4.7 +0.5
SPXE ProShares S&P 500 Ex-Energy ETF 27.7 27 19 4.9 +0.7
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 27.7 20 26 5.0 +0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 27.7 60 -14 4.7 +0.5
JKE iShares Morningstar Large-Cap Growth ETF 27.6 25 21 2.9 -1.3
HSPX Global X S&P 500 Covered Call ETF 27.6 60 -14 4.6 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.5 75 -29 4.0 -0.2
CATH Global X S&P 500 Catholic Values Custom ETF 27.3 29 17 4.8 +0.6
SPY SPDR S&P 500 ETF Trust 27.3 9 37 5.0 +0.8
IVV iShares Core S&P 500 ETF 27.2 3 43 5.1 +0.9
SPLG SPDR Portfolio Large Cap ETF 27.2 3 43 5.1 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 27.1 56 -10 3.3 -1.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 26.9 15 31 5.9 +1.7
VOO VANGUARD S&P 500 ETF 26.8 3 43 5.1 +0.9
RECS Columbia Research Enhanced Core ETF 26.4 15 31 5.3 +1.1
AIQ Global X Future Analytics Tech ETF 26.2 68 -22 3.8 -0.4
IOO iShares Global 100 ETF 26.2 40 6 4.5 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 26.1 20 26 4.6 +0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 26.1 7 39 4.9 +0.7
QUAL iShares MSCI Usa Quality Factor ETF 26.1 15 31 5.1 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 26.0 10 36 5.0 +0.8
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 26.0 10 36 5.0 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 25.8 15 31 4.7 +0.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 25.8 57 -11 4.6 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 25.7 9 37 5.3 +1.1
SUSA iShares MSCI USA ESG Select ETF 25.5 25 21 4.5 +0.3
PBUS Invesco PureBeta MSCI USA ETF 25.5 4 42 4.9 +0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 25.5 2 44 4.9 +0.7
JQUA JPMorgan U.S. Quality Factor ETF 25.4 12 34 5.1 +0.9
SPQQ Siren Large Cap Blend Index ETF 25.3 20 26 4.5 +0.3
NACP Impact Shares NAACP Minority Empowerment ETF 25.2 75 -29 4.6 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 25.1 32 14 4.8 +0.6
FQAL Fidelity Quality Factor ETF 25.0 29 17 5.2 +1.0
FDRR Fidelity Dividend ETF for Rising Rates 25.0 29 17 6.4 +2.2
LRGE ClearBridge Large Cap Growth ESG ETF 25.0 59 -13 3.6 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 25.0 15 31 5.5 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 24.9 3 43 5.1 +0.9
VV Vanguard Large-Cap Index Fund 24.7 4 42 4.9 +0.7
SFY SoFi Select 500 ETF 24.7 0 46 4.8 +0.6
SCHX Schwab U.S. Large-Cap ETF 24.5 3 43 4.8 +0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 24.5 19 27 5.6 +1.4
JKD iShares Morningstar Large-Cap ETF 24.3 20 26 5.4 +1.2
MTUM iShares MSCI USA Momentum Factor ETF 24.2 15 31 4.1 -0.1
QLC FlexShares US Quality Large Cap Index Fund 24.2 32 14 4.9 +0.7
ADME Aptus Drawdown Managed Equity ETF 24.2 79 -33 3.5 -0.8

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 23.5 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 4.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.48
 
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.