iShares DJ US Financials
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.5x P/Sales
ratio
3.2x
P/BV
ratio
1.9x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Dow Jones U.S. Financial Sector Index Fund is an exchange-traded fund incorporated in the USA. The Fund's objective seeks investment results that correspond to the performance of the Dow Jones U.S. Financial Sector Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 31, 2000
Assets (mns) $1,732
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 286
Wgt avg mkt cap (mns) $168,756
Large cap (>$10bn) 85.4%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 0.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 7.4 %
JPMORGAN CHASE & CO 7.3 %
VISA INC-CLASS A SHARES 5.4 %
BANK OF AMERICA CORP 4.7 %
MASTERCARD INC-CLASS A 4.4 %
WELLS FARGO & CO 3.8 %
CITIGROUP INC 2.9 %
AMERICAN TOWER CORP-CL A 1.6 %
US BANCORP 1.5 %
AMERICAN EXPRESS CO 1.4 %
Total 40.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
BRITAIN 1.3 %
SWITZERLAND 1.2 %
BERMUDA 1.0 %
PUERTO RICO 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
29.3% 16.3% 10.7% 11.8% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.97 83%
MSCI EAFE 0.85 53%
MSCI Emg. Mkts. 0.59 41%

Technical Indicators
Recent close $134.79
30d moving avg. $133.32
Annualized volatility 12.8%
Short interest (ETF) 12.3%
Short interest (Underlying) 2.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 227
Turnover 1.8%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $28,923

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares DJ US Financials ETF based on the alternatives' overlap in portfolio holdings with IYF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IYF Expense: 42 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYF
Ticker Fund
Name
Overlap1
vs IYF
(%)
Expense
ratio
(bp)
Savings
vs IYF
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYF
(%)
VFH Vanguard Financials 68.1 10 32 7.3 +1.2
FNCL Fidelity MSCI Financials 68.0 8 34 7.3 +1.2
JHMF John Hancock Multifactor Financials 63.8 40 2 6.6 +0.5
XLF Financials Select Sector SPDR 59.2 13 29 7.0 +0.9
IYG iShares DJ US Financial Services 57.4 42 0 6.4 +0.3
IEFN iShares Evolved U.S. Financials 57.3 18 24 7.3 +1.2
RWW Invesco S&P Financials Revenue 55.1 45 -3 7.3 +1.2
IXG iShares S&P Global Financial Sector 48.9 46 -4 8.3 +2.1
RYF Invesco S&P Equal Weight Financials 40.7 40 2 7.4 +1.3
FXO First Trust Financial Alphadex 36.2 63 -21 7.9 +1.7
AMCA iShares Russell 1000 Pure U.S. Revenue 33.2 15 27 6.5 +0.4
DFNL Davis Select Financial 32.1 64 -22 6.7 +0.6
IWD iShares Russell 1000 Value 29.2 19 23 7.0 +0.8
VONV Vanguard Russell 1000 Value 29.2 12 30 7.0 +0.9
IWS iShares Russell Midcap Value 28.3 24 18 7.0 +0.8
REVS Columbia Research Enhanced Value 27.7 19 23 7.2 +1.0
KBWB Invesco KBW Bank Portfolio 27.7 35 7 7.6 +1.5
IWX iShares Russell Top 200 Value 27.2 20 22 7.0 +0.8
FTXO First Trust Nasdaq Bank 25.7 60 -18 7.7 +1.6
IUSV iShares Core U.S. Value 25.0 4 38 7.1 +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

  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 DJ US Financials
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 11.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.56
 
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.