iShares DJ US Financial Services
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.9x P/Sales
ratio
4.3x
P/BV
ratio
2.0x Div.
yield
2.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Dow Jones U.S. Financial Services 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 Services Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 21, 2000
Assets (mns) $1,419
Currency USD
Expense ratio 42 bp
Distributions Quarterly

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 120
Wgt avg mkt cap (mns) $213,743
Large cap (>$10bn) 91.5%
Mid cap ($2-10bn) 8.4%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 12.6 %
VISA INC-CLASS A SHARES 9.8 %
BANK OF AMERICA CORP 8.3 %
MASTERCARD INC-CLASS A 8.2 %
WELLS FARGO & CO 6.0 %
CITIGROUP INC 5.1 %
AMERICAN EXPRESS CO 2.5 %
US BANCORP 2.4 %
GOLDMAN SACHS GROUP INC 2.3 %
BB&T CORP 2.2 %
Total 59.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.3 %
PUERTO RICO 0.2 %
BERMUDA 0.2 %
BRITAIN 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
37.6% 37.6% 12.3% 12.4% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.19 77%
MSCI EAFE 1.04 49%
MSCI Emg. Mkts. 0.70 38%

Technical Indicators
Recent close $154.20
30d moving avg. $151.38
Annualized volatility 16.4%
Short interest (ETF) 0.8%
Short interest (Underlying) 2.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 38
Turnover 0.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $12,112

Distributions


FINDING ALTERNATIVE FUNDS

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

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


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYG
Ticker Fund
Name
Overlap1
vs IYG
(%)
Expense
ratio
(bp)
Savings
vs IYG
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYG
(%)
XLF Financials Select Sector SPDR 69.1 13 29 6.7 +0.6
FNCL Fidelity MSCI Financials 66.5 8 34 7.1 +1.0
VFH Vanguard Financials 66.0 10 32 7.1 +1.0
JHMF John Hancock Multifactor Financials 57.4 40 2 6.4 +0.3
IYF iShares DJ US Financials 57.3 42 0 5.8 -0.3
IEFN iShares Evolved U.S. Financials 56.0 18 24 7.1 +1.1
RWW Invesco S&P Financials Revenue 50.7 45 -3 7.0 +0.9
KBWB Invesco KBW Bank Portfolio 43.6 35 7 7.5 +1.4
RYF Invesco S&P Equal Weight Financials 39.1 40 2 7.0 +0.9
FTXO First Trust Nasdaq Bank 36.3 60 -18 7.6 +1.5
IXG iShares S&P Global Financial Sector 33.7 46 -4 8.1 +2.0
DFNL Davis Select Financial 29.9 64 -22 6.6 +0.5
FXO First Trust Financial Alphadex 27.2 63 -21 7.6 +1.5
SPVU Invesco S&P 500 Value 26.3 13 29 10.1 +4.0
KBE KBW Bank ETF 25.3 35 7 8.0 +1.9
KCE SPDR KBW Capital Markets 24.7 35 7 7.9 +1.8
PWV Invesco Dynamic Large Cap Value 22.7 55 -13 8.1 +2.0
GFIN Goldman Sachs Motif Finance Reimagined 19.6 50 -8 4.6 -1.5
PFI Invesco Dynamic Financial Sector 18.9 60 -18 5.1 -1.0
IWX iShares Russell Top 200 Value 18.3 20 22 6.6 +0.5

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

  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 Financial Services
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 11.9 %
Divided by: Fwd. P/BV 1.8 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
1.55 CATEGORY
AVERAGE
1.55
 
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.