iShares DJ US Basic Material
ALTAR
Score™
8.7% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
19.5x P/Sales
ratio
1.6x
P/BV
ratio
1.5x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Dow Jones U.S. Basic Materials 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. Basic Materials Sector Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 20, 2000
Assets (mns) $340
Currency USD
Expense ratio 42 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 46
Wgt avg mkt cap (mns) $37,722
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 17.6%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PRAXAIR INC 17.9 %
AIR PRODUCTS & CHEMICALS INC 8.5 %
DOW CHEMICAL 7.9 %
ECOLAB INC 7.4 %
DOW, INC. 6.5 %
NEWMONT MINING CORP 5.0 %
PPG INDUSTRIES INC 4.8 %
LYONDELLBASELL INDU-CL A 3.9 %
CORTEVA INC 3.1 %
NUCOR CORP 2.7 %
Total 67.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 77.8 %
BRITAIN 21.7 %









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.
15.5% 7.3% 4.3% 6.9% 7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.09 77%
MSCI EAFE 1.13 69%
MSCI Emg. Mkts. 0.85 61%

Technical Indicators
Recent close $94.48
30d moving avg. $94.80
Annualized volatility 15.0%
Short interest (ETF) 1.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 38
Turnover 1.1%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $3,847

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IYM Expense: 42 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYM
Ticker Fund
Name
Overlap1
vs IYM
(%)
Expense
ratio
(bp)
Savings
vs IYM
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYM
(%)
XLB Materials Select Sector SPDR 74.1 13 29 9.3 +0.6
VAW Vanguard Materials 70.2 10 32 8.6 -0.1
FMAT Fidelity MSCI Materials 69.7 8 34 8.6 -0.1
JHMA John Hancock Multifactor Materials 57.7 40 2 7.5 -1.2
RTM Invesco S&P Equal Weight Materials 50.2 40 2 8.4 -0.3
PYZ Invesco Dynamic Basic Materials Sector 39.1 60 -18 5.9 -2.8
FXZ First Trust Materials Alphadex 27.6 64 -22 7.8 -0.9
MXI iShares S&P Global Materials 27.0 46 -4 6.8 -1.9
XLSY Cushing Energy Supply Chain & MLP 26.1 65 -23 5.4 -3.3
FTAG First Trust Indxx Global Agriculture 21.6 70 -28 8.5 -0.2
XME SPDR Metals & Mining ETF 16.1 35 7 2.2 -6.5
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 15.9 60 -18 7.4 -1.3
NANR SPDR S&P N. American Nat. Resources 15.5 35 7 4.1 -4.6
DIET Defiance Next Gen Food & Agriculture 13.2 30 12 5.7 -3.0
EQRR ProShares Equities for Rising Rates 12.9 35 7 7.9 -0.8
CSD Invesco Spin-Off 10.8 62 -20 9.1 +0.4
DAX Global X DAX Germany 9.5 20 22 8.6 -0.1
TPHD Timothy Plan High Dividend Stock 9.4 52 -10 6.7 -2.0
PICK iShares MSCI Global Select Metals & Mining 9.2 39 3 7.1 -1.6
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income 8.9 75 -33 5.4 -3.3

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

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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 Basic Material
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.