iShares U.S. Financials ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 18.6x P/Sales
ratio		 2.7x
P/BV
ratio		 1.4x Div.
yield		 2.8%


  • 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 22, 2000
Assets (mns) $1,295
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 283
Wgt avg mkt cap (mns) $133,183
Large cap (>$10bn) 84.7%
Mid cap ($2-10bn) 14.3%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 7.6 %
VISA INC-CLASS A SHARES 6.9 %
JPMORGAN CHASE & CO 6.2 %
MASTERCARD INC-CLASS A 4.5 %
BANK OF AMERICA CORP 4.0 %
AMERICAN TOWER CORP-CL A 2.5 %
CITIGROUP INC 2.4 %
WELLS FARGO & CO 2.0 %
BLACKROCK INC 1.8 %
S&P GLOBAL, INC. 1.8 %
Total 39.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
BRITAIN 1.7 %
SWITZERLAND 1.3 %
BERMUDA 0.9 %
PUERTO RICO 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.1% -10.5% 6.1% 10.1% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.08 89%
MSCI EAFE 1.11 83%
MSCI Emg. Mkts. 0.79 66%

Technical Indicators
Recent close $110.22
30d moving avg. $112.83
Annualized volatility 19.3%
Short interest (ETF) 13.5%
Short interest (Underlying) 2.1%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 290
Turnover 2.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $45,269

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares U.S. Financials ETF 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™: 7.2%


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 Index Fund 65.3 10 32 8.8 +1.7
FNCL Fidelity MSCI Financials Index ETF 65.3 8 34 8.9 +1.7
JHMF John Hancock Multifactor Financials ETF 61.7 40 2 7.8 +0.7
XLF Financial Select Sector SPDR Fund 56.2 13 29 8.3 +1.1
IYG iShares US Financial Services ETF 55.4 42 0 7.0 -0.2
IEFN iShares Evolved U.S. Financials ETF 52.7 18 24 9.4 +2.2
IXG iShares Global Financials ETF 47.2 46 -4 9.9 +2.7
RYF Invesco S&P 500 Equal Weight Financials ETF 41.1 40 2 9.7 +2.5
FXO First Trust Financials AlphaDEX Fund 28.2 63 -21 11.8 +4.6
DFNL Davis Select Financial ETF 27.7 64 -22 8.4 +1.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 27.0 15 27 6.9 -0.2
VONV Vanguard Russell 1000 Value Index Fund 25.8 8 34 7.4 +0.2
IWS iShares Russell Mid-Cap Value ETF 25.5 24 18 7.4 +0.2
IYR iShares U.S. Real Estate ETF 23.4 42 0 6.8 -0.4
VLU SPDR S&P 1500 Value Tilt ETF 23.1 12 30 7.5 +0.4
REVS Columbia Research Enhanced Value ETF 23.0 19 23 7.8 +0.6
IWD iShares Russell 1000 Value ETF 22.9 19 23 7.2 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 22.8 29 13 7.8 +0.7
DIVB iShares U.S. Dividend & Buyback ETF 22.6 25 17 6.6 -0.5
KBWB Invesco KBW Bank ETF 22.3 35 7 10.2 +3.1
IUSV iShares Core S&P U.S. Value ETF 22.1 4 38 7.6 +0.4
FREL Fidelity MSCI Real Estate Index ETF 22.1 8 34 6.9 -0.3
VNQ Vanguard REIT Index Fund 22.1 12 30 6.9 -0.3
PKW Invesco Buyback Achievers ETF 22.0 62 -20 6.8 -0.4
PFI Invesco DWA Financial Momentum ETF 22.0 60 -18 3.7 -3.5
VEGN US Vegan Climate ETF 21.9 60 -18 5.2 -2.0
VOOV Vanguard S&P 500 Value ETF 21.9 15 27 7.4 +0.2
IWX iShares Russell Top 200 Value ETF 21.6 20 22 7.2 +0.0
SCHH Schwab U.S. REIT ETF 21.5 7 35 6.9 -0.3
SPYV SPDR Portfolio S&P 500 Value ETF 21.5 4 38 7.5 +0.3
IVE iShares S&P 500 Value ETF 21.5 18 24 7.3 +0.2
SPVU Invesco S&P 500 Enhanced Value ETF 21.3 13 29 11.6 +4.5
DTD WisdomTree U.S.Total Dividend Fund 20.7 28 14 6.7 -0.5
FTXO First Trust Nasdaq Bank ETF 20.6 60 -18 9.0 +1.8
PSR Invesco Active U.S. Real Estate Fund 20.5 35 7 6.5 -0.6
VTV Vanguard Value Index Fund 20.4 4 38 7.5 +0.3
VFLQ Vanguard U.S. Liquidity Factor ETF 20.4 14 28 4.8 -2.4
EUSA iShares MSCI USA Equal Weighted ETF 20.1 15 27 6.3 -0.8
MGV Vanguard Mega Cap Value ETF 20.1 7 35 7.3 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 20.1 15 27 6.4 -0.8
PWV Invesco Dynamic Large Cap Value ETF 19.9 55 -13 8.9 +1.7
DGRO iShares Core Dividend Growth ETF 19.9 8 34 6.7 -0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 19.6 9 33 5.9 -1.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 19.4 4 38 5.8 -1.3
HIPR Direxion High Growth ETF 19.4 40 2 2.8 -4.4
PRF Invesco FTSE RAFI US 1000 ETF 19.2 39 3 6.9 -0.3
JKF iShares Morningstar Large Cap Value ETF 19.2 25 17 7.6 +0.4
SCHV Schwab U.S. Large-Cap Value ETF 19.2 4 38 7.2 +0.1
QUS SPDR MSCI USA StrategicFactors ETF 18.9 15 27 5.9 -1.3
EPS WisdomTree U.S. Earnings 500 Fund 18.9 8 34 6.5 -0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 18.9 29 13 6.8 -0.3
SCIU Global X Scientific Beta US ETF 18.7 19 23 5.8 -1.3
IWR iShares Russell Midcap ETF 18.5 19 23 5.7 -1.5
USDY Pacific Global US Equity Income ETF 18.5 29 13 7.3 +0.1
FDVV Fidelity Core Dividend ETF 18.4 29 13 7.2 +0.0
DUSA Davis Select U.S. Equity ETF 18.4 63 -21 5.6 -1.6
SPMO Invesco S&P 500 Momentum ETF 18.3 13 29 4.4 -2.8
RSP Invesco S&P 500 Equal Weight ETF 18.1 20 22 6.8 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 17.9 28 14 6.4 -0.7
KCE SPDR S&P Capital Markets ETF 17.8 35 7 8.8 +1.7
LGLV SPDR Russell 1000 Low Volatility ETF 17.7 12 30 5.8 -1.4
JHMM John Hancock Multifactor Mid Cap ETF 17.6 42 0 5.9 -1.3
SPXT ProShares S&P 500 Ex-Technology ETF 17.5 27 15 5.7 -1.5
RECS Columbia Research Enhanced Core ETF 17.5 15 27 5.7 -1.5
RPV Invesco S&P 500 Pure Value ETF 17.5 35 7 11.4 +4.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 17.4 30 12 6.6 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 17.4 27 15 5.0 -2.2
QLC FlexShares US Quality Large Cap Index Fund 17.3 32 10 5.4 -1.8
GFIN Goldman Sachs Motif Finance Reimagined ETF 17.3 50 -8 5.4 -1.8
QUAL iShares MSCI Usa Quality Factor ETF 17.1 15 27 5.4 -1.7
VFVA Vanguard U.S. Value Factor ETF 17.0 14 28 11.7 +4.6
FTA First Trust Large Cap Value AlphaDEX Fund 17.0 60 -18 9.4 +2.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 17.0 10 32 5.3 -1.9
VO Vanguard Mid-Cap Index Fund 17.0 4 38 5.5 -1.7
SUSL iShares ESG MSCI USA Leaders ETF 16.9 10 32 5.3 -1.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 16.6 35 7 5.4 -1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 16.6 25 17 6.7 -0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 16.5 71 -29 9.8 +2.6
QDEF FlexShares Quality Dividend Defensive Index Fund 16.4 37 5 5.9 -1.3
FEX First Trust Large Cap Core AlphaDEX Fund 16.3 60 -18 6.1 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 16.3 29 13 6.3 -0.9
USMV iShares Edge MSCI Min Vol USA ETF 16.2 15 27 5.6 -1.6
JHML John Hancock Multifactor Large Cap ETF 16.2 29 13 5.6 -1.6
USRT iShares Core U.S. REIT ETF 16.2 8 34 7.7 +0.6
EQWL Invesco Russell Top 200 Equal Weight ETF 16.1 25 17 6.1 -1.0
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 16.1 11 31 7.7 +0.5
FRI First Trust S&P REIT Index Fund 16.1 50 -8 7.3 +0.2
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 16.1 49 -7 5.2 -1.9
TUSA First Trust Total US Market AlphaDEX ETF 16.1 70 -28 6.1 -1.1
KBE SPDR S&P Bank ETF 16.1 35 7 11.8 +4.7
JMOM JPMorgan U.S. Momentum Factor ETF 16.0 12 30 3.9 -3.3
RDVY First Trust Rising Dividend Achievers ETF 16.0 50 -8 8.0 +0.8
FDMO Fidelity Momentum Factor ETF 16.0 29 13 3.8 -3.4
QLV FlexShares US Quality Low Volatility Index Fund 15.8 22 20 4.9 -2.3
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 15.8 40 2 7.2 +0.0
XLRE The Real Estate Select Sector SPDR Fund 15.8 13 29 5.8 -1.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 15.8 25 17 6.6 -0.6
SFY SoFi Select 500 ETF 15.8 0 42 5.2 -1.9
ALTL Pacer Lunt Large Cap Alternator ETF 15.7 60 -18 9.3 +2.2
SPHB Invesco S&P 500 High Beta ETF 15.7 25 17 9.7 +2.5

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

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.52
 
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.