iShares Transportation Average ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
-254.7x P/Sales
ratio
1.2x
P/BV
ratio
3.1x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Transportation Average ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Oct 10, 2003
Assets (mns) $553
Currency USD
Expense ratio 42 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 20
Wgt avg mkt cap (mns) $36,585
Large cap (>$10bn) 77.2%
Mid cap ($2-10bn) 17.0%
Small cap (<$2bn) 5.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NORFOLK SOUTHERN CORP 12.1 %
UNION PACIFIC CORP 11.5 %
KANSAS CITY SOUTHERN 10.2 %
FEDEX CORP 8.8 %
HUNT (JB) TRANSPRT SVCS INC 8.1 %
LANDSTAR SYSTEM INC 7.9 %
UNITED PARCEL SERVICE-CL B 6.8 %
C.H. ROBINSON WORLDWIDE INC 5.5 %
EXPEDITORS INTL WASH INC 5.2 %
CSX CORP 4.8 %
Total 80.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.0% -7.8% 2.6% 8.6% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 1.22 82%
MSCI EAFE 1.23 71%
MSCI Emg. Mkts. 0.87 55%

Technical Indicators
Recent close $170.03
30d moving avg. $149.86
Annualized volatility 22.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.4%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 232
Turnover 7.1%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $10,778

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Transportation Average ETF ETF based on the alternatives' overlap in portfolio holdings with IYT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IYT Expense: 42 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYT
Ticker Fund
Name
Overlap1
vs IYT
(%)
Expense
ratio
(bp)
Savings
vs IYT
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYT
(%)
XTN SPDR S&P Transportation ETF 44.5 35 7 4.8 -0.4
FTXR First Trust Nasdaq Transportation ETF 37.0 60 -18 6.1 +0.9
XLI Industrial Select Sector SPDR Fund 20.6 13 29 5.7 +0.5
RGI Invesco S&P 500 Equal Weight Industrials ETF 18.2 40 2 5.5 +0.3
VIS Vanguard Industrials Index Fund 16.6 10 32 5.7 +0.5
FIDU Fidelity MSCI Industrials Index ETF 15.0 8 34 5.8 +0.6
JHMI John Hancock Multifactor Industrials ETF 14.8 40 2 5.8 +0.6
PAVE Global X U.S. Infrastructure Development ETF 13.1 47 -5 5.6 +0.4
INFR Legg Mason Global Infrastructure ETF 12.3 40 2 6.0 +0.8
IYJ iShares U.S. Industrials ETF 11.3 42 0 5.8 +0.6
EXI iShares Global Industrials ETF 10.6 46 -4 6.1 +0.9
JETS US Global Jets ETF 9.5 60 -18 4.2 -1.0
ACSI American Customer Satisfaction Core Alpha ETF 9.0 66 -24 5.9 +0.7
PEJ Invesco Dynamic Leisure & Entertainment ETF 8.6 63 -21 7.8 +2.6
GURU Global X Guru Index ETF 7.8 75 -33 4.0 -1.2
PKW Invesco Buyback Achievers ETF 6.8 62 -20 6.6 +1.4
SPYB SPDR S&P 500 Buyback ETF 6.5 35 7 9.5 +4.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 6.5 63 -21 6.7 +1.5
COWZ Pacer US Cash Cows 100 ETF 5.6 49 -7 9.4 +4.2
QVAL Alpha Architect U.S. Quantitative Value ETF 5.5 49 -7 10.4 +5.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 5.2 25 17 5.9 +0.7
BIBL Inspire ETF 4.8 35 7 4.7 -0.5
VIG Vanguard Dividend Appreciation Index Fund 4.7 6 36 5.2 -0.0
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.6 28 14 6.5 +1.3
FXD First Trust Consumer Discretionary AlphaDEX Fund 4.6 64 -22 7.9 +2.8
PEY Invesco High Yield Equity Dividend Achievers ETF 4.4 53 -11 8.3 +3.1
MAGA Point Bridge GOP Stock Tracker ETF 4.3 72 -30 6.3 +1.1
USDY Pacific Global US Equity Income ETF 4.1 29 13 7.5 +2.3
VSL Volshares Large Capital ETF 4.0 65 -23 7.7 +2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.0 47 -5 6.4 +1.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 4.0 15 27 6.6 +1.4
JKD iShares Morningstar Large-Cap ETF 4.0 20 22 5.8 +0.6
RYJ Invesco Raymond James SB-1 Equity ETF 3.9 82 -40 3.4 -1.8
DVP Deep Value ETF 3.9 59 -17 14.8 +9.6
YLDE ClearBridge Dividend Strategy ESG ETF 3.7 60 -18 4.9 -0.3
PMOM Principal Sustainable Momentum Index ETF 3.6 29 13 8.6 +3.5
FTA First Trust Large Cap Value AlphaDEX Fund 3.5 60 -18 8.6 +3.4
RFV Invesco S&P Midcap 400 Pure Value ETF 3.5 35 7 9.1 +3.9
SPDV AAM S&P 500 High Dividend Value ETF 3.5 29 13 10.3 +5.2
VETS Pacer Military Times Best Employers ETF 3.5 60 -18 6.2 +1.0
RFFC RiverFront Dynamic US Flex-Cap ETF 3.5 52 -10 5.4 +0.2
PLCY EventShares U.S. Legislative Opportunities ETF 3.4 75 -33 3.7 -1.5
FLQL Franklin LibertyQ U.S. Equity ETF 3.4 15 27 6.2 +1.0
TPHD Timothy Plan High Dividend Stock ETF 3.4 52 -10 7.0 +1.8
DSTL Distillate US Fundamental Stability & Value ETF 3.4 39 3 6.4 +1.2
PWV Invesco Dynamic Large Cap Value ETF 3.3 55 -13 8.0 +2.8
QGRO American Century STOXX U.S. Quality Growth ETF 3.3 29 13 3.1 -2.1
GDVD Principal Active Global Dividend Income ETF 3.2 58 -16 5.0 -0.2
PFM Invesco Dividend Achievers ETF 3.2 54 -12 5.3 +0.1
QSY WisdomTree U.S. LargeCap Value Fund 3.2 38 4 6.6 +1.4
SPLV Invesco S&P 500 Low Volatility ETF 3.1 25 17 5.7 +0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 3.1 20 22 6.8 +1.6
LRGE ClearBridge Large Cap Growth ESG ETF 3.1 60 -18 4.0 -1.2
IFRA iShares U.S. Infrastructure ETF 3.0 40 2 5.4 +0.3
ENTR Entrepreneur 30 Fund 3.0 49 -7 3.3 -1.9
ECOZ TrueMark ESG Active Opportunities ETF 3.0 58 -16 4.5 -0.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 3.0 60 -18 3.5 -1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 3.0 25 17 5.9 +0.7
SUSA iShares MSCI USA ESG Select ETF 2.9 25 17 4.8 -0.4
DURA VanEck Vectors Morningstar Durable Dividend ETF 2.9 29 13 6.8 +1.6
SCHD Schwab U.S. Dividend Equity ETF 2.9 6 36 7.2 +2.1
SPVM Invesco S&P 500 Value with Momentum ETF 2.8 39 3 8.9 +3.7
SCHV Schwab U.S. Large-Cap Value ETF 2.8 4 38 6.9 +1.7
AVUS Avantis U.S. Equity ETF 2.8 15 27 5.7 +0.5
RSP Invesco S&P 500 Equal Weight ETF 2.7 20 22 6.6 +1.4
DIVB iShares U.S. Dividend & Buyback ETF 2.7 25 17 6.3 +1.2
FVD First Trust Value Line Dividend Index Fund 2.7 70 -28 6.1 +0.9
VEGN US Vegan Climate ETF 2.6 60 -18 5.3 +0.1
TPLC Timothy Plan US Large Cap Core ETF 2.6 52 -10 5.3 +0.1
DGRO iShares Core Dividend Growth ETF 2.6 8 34 6.4 +1.2
JKG iShares Morningstar Mid-Cap ETF 2.6 25 17 5.9 +0.7
SPGP Invesco S&P 500 GARP ETF 2.6 35 7 7.0 +1.9
FAB First Trust Multi Cap Value AlphaDEX Fund 2.6 71 -29 8.9 +3.7
CATH Global X S&P 500 Catholic Values Custom ETF 2.5 29 13 5.3 +0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 2.5 29 13 7.0 +1.9
PY Principal Shareholder Yield Index ETF 2.5 29 13 8.8 +3.7
SUSL iShares ESG MSCI USA Leaders ETF 2.5 10 32 5.4 +0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 2.5 10 32 5.4 +0.2
FCTR First Trust Lunt U.S. Factor Rotation ETF 2.5 65 -23 4.8 -0.4
SLT Salt TruBeta High Exposure ETF 2.5 29 13 6.3 +1.1
RPV Invesco S&P 500 Pure Value ETF 2.5 35 7 10.6 +5.4
MFMS Motley Fool Small-Cap Growth ETF 2.4 85 -43 -1.9 -7.1
RWL Invesco S&P 500 Revenue ETF 2.4 39 3 6.7 +1.5
FDL First Trust Morningstar Dividend Leaders Index Fund 2.4 45 -3 7.9 +2.7
DSI iShares MSCI KLD 400 Social ETF 2.4 25 17 5.2 +0.1
PWC Invesco Dynamic Market ETF 2.4 59 -17 6.9 +1.8
VALQ American Century STOXX U.S. Quality Value ETF 2.4 29 13 8.6 +3.5
EPS WisdomTree U.S. Earnings 500 Fund 2.4 8 34 6.4 +1.2
LVHD Legg Mason Low Volatility High Dividend ETF 2.4 27 15 8.4 +3.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 2.3 19 23 5.6 +0.4
DGT SPDR Global Dow ETF 2.3 50 -8 6.8 +1.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 2.3 9 33 5.8 +0.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 2.3 30 12 5.9 +0.7
FEX First Trust Large Cap Core AlphaDEX Fund 2.3 60 -18 5.9 +0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 2.3 17 25 6.4 +1.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 2.3 20 22 7.5 +2.3
OUSA O'Shares FTSE US Quality Dividend ETF 2.3 48 -6 5.7 +0.5
KRMA Global X Conscious Companies ETF 2.3 43 -1 5.2 +0.0
ONEO SPDR Russell 1000 Momentum Focus ETF 2.2 20 22 6.4 +1.2

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 Transportation Average 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 16.3 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 CATEGORY
AVERAGE
1.53
 
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.