iShares U.S. Technology ETF
ALTAR
Score™
3.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
29.9x P/Sales
ratio
5.8x
P/BV
ratio
7.5x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares U.S. Technology ETF seeks to track the investment results of an index composed of U.S. equities in the technology sector.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 15, 2000
Assets (mns) $6,269
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 161
Wgt avg mkt cap (mns) $855,717
Large cap (>$10bn) 96.1%
Mid cap ($2-10bn) 3.7%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 20.4 %
MICROSOFT CORP 18.9 %
FACEBOOK 4.4 %
ALPHABET INC. CLASS A 3.7 %
ALPHABET INC. CLASS C 3.6 %
NVIDIA CORP 3.5 %
ADOBE SYSTEMS INC 2.8 %
INTEL CORP 2.7 %
CISCO SYSTEMS INC 2.6 %
SALESFORCE.COM INC 2.4 %
Total 65.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.5 %
NETHERLANDS 0.4 %
BERMUDA 0.3 %
SWITZERLAND 0.2 %
BRITAIN 0.2 %
IRELAND 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.6% 39.4% 23.0% 19.0% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.05 82%
MSCI EAFE 1.00 63%
MSCI Emg. Mkts. 0.73 55%

Technical Indicators
Recent close $297.82
30d moving avg. $278.54
Annualized volatility 19.9%
Short interest (ETF) 2.7%
Short interest (Underlying) 2.2%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 140
Turnover 0.7%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $78,753

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares U.S. Technology ETF ETF based on the alternatives' overlap in portfolio holdings with IYW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IYW Expense: 42 bp ALTAR Score™: 3.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYW
Ticker Fund
Name
Overlap1
vs IYW
(%)
Expense
ratio
(bp)
Savings
vs IYW
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYW
(%)
FTEC Fidelity MSCI Information Technology Index ETF 77.0 8 34 4.3 +0.5
VGT Vanguard Information Technology Index Fund 76.0 10 32 4.3 +0.5
XLK Technology Select Sector SPDR Fund 74.6 13 29 4.5 +0.7
IETC iShares Evolved U.S. Technology ETF 70.4 18 24 3.6 -0.2
IGM iShares Expanded Tech Sector ETF 64.5 46 -4 3.6 -0.2
IXN iShares Global Tech ETF 64.2 46 -4 4.2 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 58.0 60 -18 3.4 -0.5
NUSI Nationwide Risk-Managed Income ETF 57.2 68 -26 3.3 -0.5
QQQ Invesco QQQ Trust 55.7 20 22 3.7 -0.1
JHMT John Hancock Multifactor Technology ETF 55.2 40 2 4.8 +0.9
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 48.4 49 -7 3.8 0.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 47.4 21 21 3.0 -0.9
IWY iShares Russell Top 200 Growth ETF 46.5 20 22 3.7 -0.1
TECB iShares US Tech Breakthrough Multisector ETF 46.3 40 2 3.9 +0.1
MGK Vanguard Mega Cap Growth ETF 45.5 7 35 3.9 +0.1
VONG Vanguard Russell 1000 Growth Index Fund 44.0 8 34 3.7 -0.1
IWF iShares Russell 1000 Growth ETF 44.0 19 23 3.6 -0.3
VEGN US Vegan Climate ETF 42.7 60 -18 5.0 +1.2
VOOG Vanguard S&P 500 Growth ETF 42.2 10 32 4.1 +0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 42.2 4 38 4.2 +0.3
IVW iShares S&P 500 Growth ETF 42.2 18 24 4.0 +0.2
VUG Vanguard Growth Index Fund 41.7 4 38 3.8 -0.1
XLG Invesco S&P 500 Top 50 ETF 41.3 20 22 4.3 +0.5
TMFC Motley Fool 100 Index ETF 41.3 50 -8 3.3 -0.5
IUSG iShares Core S&P US Growth ETF 40.8 4 38 4.2 +0.4
TDIV First Trust NASDAQ Technology Dividend Index Fund 40.0 50 -8 5.6 +1.8
SCHG Schwab U.S. Large-Cap Growth ETF 39.3 4 38 3.9 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 38.9 60 -18 4.1 +0.3
XNTK SPDR NYSE Technology ETF 38.5 35 7 3.5 -0.3
HIPR Direxion High Growth ETF 38.3 40 2 4.3 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 38.3 12 30 4.4 +0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.2 60 -18 4.0 +0.1
HLAL Wahed FTSE USA Shariah ETF 37.7 50 -8 4.3 +0.5
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 35.9 57 -15 4.8 +0.9
AIQ Global X Future Analytics Tech ETF 35.2 68 -26 3.7 -0.1
GDAT Goldman Sachs Motif Data-Driven World Etf 35.1 50 -8 4.6 +0.8
OEF iShares S&P 100 ETF 34.9 20 22 4.6 +0.8
IQSU IQ Candriam ESG US Equity ETF 34.8 9 33 4.9 +1.1
DSI iShares MSCI KLD 400 Social ETF 34.6 25 17 5.0 +1.2
SPMO Invesco S&P 500 Momentum ETF 34.5 13 29 4.1 +0.3
STLG iShares Factors US Growth Style ETF 33.8 25 17 3.5 -0.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 33.4 15 27 4.1 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 33.3 75 -33 3.8 -0.1
IOO iShares Global 100 ETF 32.9 40 2 4.6 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 32.8 27 15 4.8 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 32.4 32 10 4.9 +1.0
RECS Columbia Research Enhanced Core ETF 32.3 15 27 5.4 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 32.1 27 15 4.8 +0.9
SNPE Xtrackers S&P 500 ESG ETF 31.9 11 31 4.9 +1.1
SYE SPDR MFS Systematic Core Equity ETF 31.9 60 -18 5.5 +1.7
RYT Invesco S&P 500 Equal Weight Technology ETF 31.1 40 2 6.5 +2.7
BKLC BNY Mellon US Large Cap Core Equity ETF 31.0 0 42 4.9 +1.1
IWL iShares Russell Top 200 ETF 31.0 15 27 4.8 +0.9
SPHQ Invesco S&P 500 Quality ETF 30.3 15 27 4.5 +0.7
LRGE ClearBridge Large Cap Growth ESG ETF 30.3 59 -17 3.6 -0.2
ESGV Vanguard ESG U.S. Stock ETF 29.9 12 30 4.9 +1.1
JKE iShares Morningstar Large-Cap Growth ETF 29.4 25 17 2.7 -1.1
SUSA iShares MSCI USA ESG Select ETF 29.4 25 17 4.6 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 29.3 19 23 5.9 +2.0
MGC Vanguard Mega Cap Index Fund 29.2 7 35 5.0 +1.2
PBP Invesco S&P 500 BuyWrite ETF 29.0 49 -7 4.8 +1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 29.0 7 35 5.0 +1.2
SPXE ProShares S&P 500 Ex-Energy ETF 28.8 27 15 5.1 +1.3
PWB Invesco Dynamic Large Cap Growth ETF 28.7 55 -13 3.3 -0.6
ESGU iShares MSCI USA ESG Optimized ETF 28.7 15 27 4.9 +1.1
EXT WisdomTree U.S. Total Earnings Fund 28.7 28 14 5.0 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 28.6 20 22 5.1 +1.3
PBUS Invesco PureBeta MSCI USA ETF 28.6 4 38 5.1 +1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 28.5 10 32 5.2 +1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 28.5 15 27 6.0 +2.2
HSPX Global X S&P 500 Covered Call ETF 28.5 65 -23 4.7 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 28.4 10 32 5.2 +1.4
CATH Global X S&P 500 Catholic Values Custom ETF 28.3 29 13 5.0 +1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.3 9 33 5.3 +1.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 28.1 20 22 4.7 +0.9
SPY SPDR S&P 500 ETF Trust 28.0 9 33 5.2 +1.3
SPLG SPDR Portfolio Large Cap ETF 28.0 3 39 5.2 +1.4
IVV iShares Core S&P 500 ETF 28.0 4 38 5.2 +1.4
FXL First Trust Technology AlphaDEX Fund 27.9 61 -19 3.2 -0.6
VOO VANGUARD S&P 500 ETF 27.9 3 39 5.2 +1.4
SCHX Schwab U.S. Large-Cap ETF 27.9 3 39 5.1 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 27.8 2 40 5.1 +1.3
SCHK Schwab 1000 Index ETF 27.5 5 37 5.1 +1.2
IYY iShares Dow Jones U.S. ETF 27.4 20 22 5.0 +1.2
VONE Vanguard Russell 1000 ETF 27.4 8 34 5.0 +1.2
VV Vanguard Large-Cap Index Fund 27.4 4 38 5.0 +1.2
IWB iShares Russell 1000 ETF 27.3 15 27 4.9 +1.1
FVAL Fidelity Value Factor ETF 27.3 29 13 7.7 +3.9
QLC FlexShares US Quality Large Cap Index Fund 26.8 32 10 5.2 +1.4
QUAL iShares MSCI Usa Quality Factor ETF 26.7 15 27 5.3 +1.4
QDYN FlexShares Quality Dividend Dynamic Index Fund 26.7 37 5 6.0 +2.2
JQUA JPMorgan U.S. Quality Factor ETF 26.6 12 30 5.2 +1.4
SFY SoFi Select 500 ETF 26.5 0 42 5.0 +1.2
EPS WisdomTree U.S. Earnings 500 Fund 26.5 8 34 6.3 +2.5
SPTM SPDR Portfolio Total Stock Market ETF 26.4 3 39 5.3 +1.5
SCHB Schwab U.S. Broad Market ETF 26.3 3 39 5.0 +1.2
FQAL Fidelity Quality Factor ETF 26.2 29 13 5.4 +1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.1 3 39 5.0 +1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 26.1 12 30 4.6 +0.8
DRIV Global X Autonomous & Electric Vehicles ETF 26.0 68 -26 5.8 +2.0

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

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 27.9 %
Divided by: Fwd. P/BV 6.6 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 3.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.