iShares U.S. Telecommunications ETF
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.7x
P/BV
ratio
2.1x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares U.S. Telecommunications Sector Index Fund seeks investment results that generally correspond price and yield performance, before fees and expenses, of U.S. telecommunications stocks, as represented by the Dow Jones U.S. Select Telecommunications Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 26, 2000
Assets (mns) $376
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 39
Wgt avg mkt cap (mns) $113,155
Large cap (>$10bn) 69.6%
Mid cap ($2-10bn) 26.8%
Small cap (<$2bn) 3.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VERIZON COMMUNICATIONS INC 20.9 %
AT&T INC 18.6 %
T-MOBILE US, INC. 6.4 %
ARISTA NETWORKS, INC. 5.2 %
CISCO SYSTEMS INC 5.1 %
GARMIN LTD 5.0 %
F5 NETWORKS INC 4.1 %
CIENA CORP 4.0 %
CENTURYTEL INC 3.8 %
JUNIPER NETWORKS INC 3.8 %
Total 76.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.2 %
SWITZERLAND 5.0 %









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.
-5.1% 3.1% 1.2% 6.4% -0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.78 76%
MSCI EAFE 0.76 61%
MSCI Emg. Mkts. 0.55 50%

Technical Indicators
Recent close $28.73
30d moving avg. $27.19
Annualized volatility 15.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 5.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 303
Turnover 2.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $5,145

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IYZ Expense: 42 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IYZ
Ticker Fund
Name
Overlap1
vs IYZ
(%)
Expense
ratio
(bp)
Savings
vs IYZ
(bp)
ALTAR
Score™
(%)
ALTAR
vs IYZ
(%)
XTL SPDR S&P Telecom ETF 53.8 35 7 4.9 -2.8
IGN iShares North American Tech-Multimedia Networking ETF 36.6 46 -4 5.7 -2.1
PXQ Invesco Dynamic Networking ETF 21.0 63 -21 2.8 -4.9
HDV iShares Core High Dividend ETF 19.8 8 34 6.4 -1.3
JHCS John Hancock Multifactor Media & Communications ETF 19.2 40 2 5.6 -2.2
FIVG Defiance Next Gen Connectivity ETF 17.7 30 12 4.6 -3.2
FCOM Fidelity MSCI Telecommunication Services Index ETF 17.3 8 34 5.1 -2.6
VOX Vanguard Telecommunication Services Index Fund 16.7 10 32 4.9 -2.8
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 16.2 40 2 7.6 -0.1
FDL First Trust Morningstar Dividend Leaders Index Fund 16.0 45 -3 7.9 +0.2
DHS WisdomTree U.S. High Dividend Fund 14.2 38 4 8.2 +0.5
XLC The Communication Services Select Sector SPDR Fund 14.1 13 29 6.0 -1.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 12.3 50 -8 5.7 -2.0
FDN First Trust Dow Jones Internet Index Fund 11.8 52 -10 2.5 -5.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 11.6 75 -33 6.0 -1.7
PWV Invesco Dynamic Large Cap Value ETF 11.1 55 -13 8.0 +0.3
CIBR First Trust NASDAQ CEA Cybersecurity ETF 11.1 60 -18 3.0 -4.7
NXTG First Trust Indxx NextG ETF 10.9 70 -28 6.1 -1.7
JKF iShares Morningstar Large Cap Value ETF 10.4 25 17 7.5 -0.3
UFO Procure Space ETF 10.1 75 -33 -0.4 -8.1
DURA VanEck Vectors Morningstar Durable Dividend ETF 9.4 29 13 6.8 -1.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 9.1 7 35 6.5 -1.2
VLUE iShares Edge MSCI USA Value Factor ETF 8.9 15 27 10.7 +3.0
DEW WisdomTree Global High Dividend Fund 8.9 58 -16 9.0 +1.3
IXP iShares Global Comm Services ETF 8.6 46 -4 5.8 -1.9
HACK ETFMG Prime Cyber Security ETF 8.5 60 -18 3.1 -4.6
SKYY First Trust Cloud Computing ETF 8.5 60 -18 2.0 -5.8
GBDV Global Beta Smart Income ETF 8.5 29 13 11.4 +3.7
RAFE PIMCO RAFI ESG U.S. ETF 8.3 29 13 7.5 -0.2
FMK First Trust Mega Cap AlphaDEX Fund 8.3 70 -28 5.2 -2.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 8.2 47 -5 6.4 -1.4
HUSV First Trust Horizon Managed Volatility Domestic ETF 8.2 70 -28 4.8 -2.9
OUSA O'Shares FTSE US Quality Dividend ETF 8.1 48 -6 5.7 -2.1
DEF Invesco Defensive Equity ETF 8.0 55 -13 5.1 -2.7
FITE SPDR Kensho Future Security ETF 7.9 45 -3 3.7 -4.1
QDYN FlexShares Quality Dividend Dynamic Index Fund 7.8 37 5 6.7 -1.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 7.8 35 7 6.6 -1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 7.8 12 30 4.9 -2.9
QDEF FlexShares Quality Dividend Defensive Index Fund 7.6 37 5 6.2 -1.5
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 7.6 15 27 6.6 -1.1
VYM Vanguard High Dividend Yield Index ETF 7.6 6 36 7.1 -0.7
QDF FlexShares Quality Dividend Index Fund 7.5 37 5 6.8 -1.0
VEGN US Vegan Climate ETF 7.4 60 -18 5.3 -2.5
DLN WisdomTree U.S. LargeCap Dividend Fund 7.2 28 14 6.3 -1.5
WLDR Affinity World Leaders Equity ETF 7.2 47 -5 9.5 +1.7
DVY iShares Select Dividend ETF 7.2 39 3 7.9 +0.1
QLV FlexShares US Quality Low Volatility Index Fund 7.0 22 20 5.1 -2.6
SNSR Global X Internet of Things Thematic ETF 7.0 68 -26 4.7 -3.1
VFMV Vanguard U.S. Minimum Volatility ETF 6.9 13 29 3.8 -4.0
SPYV SPDR Portfolio S&P 500 Value ETF 6.9 4 38 7.2 -0.6
IVE iShares S&P 500 Value ETF 6.9 18 24 7.0 -0.7
VOOV Vanguard S&P 500 Value ETF 6.8 15 27 7.1 -0.7
RYT Invesco S&P 500 Equal Weight Technology ETF 6.8 40 2 7.3 -0.5
EDOW First Trust Dow 30 Equal Weight ETF 6.7 50 -8 5.7 -2.0
REVS Columbia Research Enhanced Value ETF 6.7 19 23 7.4 -0.4
MGV Vanguard Mega Cap Value ETF 6.7 7 35 7.0 -0.7
JHMT John Hancock Multifactor Technology ETF 6.6 40 2 5.1 -2.6
IUSV iShares Core S&P U.S. Value ETF 6.5 4 38 7.2 -0.5
VALQ American Century STOXX U.S. Quality Value ETF 6.5 29 13 8.6 +0.9
FTCS First Trust Capital Strength ETF 6.4 60 -18 4.9 -2.9
DTD WisdomTree U.S.Total Dividend Fund 6.4 28 14 6.5 -1.2
SPLV Invesco S&P 500 Low Volatility ETF 6.3 25 17 5.7 -2.1
VTV Vanguard Value Index Fund 6.2 4 38 7.1 -0.6
BUL Pacer US Cash Cows Growth ETF 6.1 60 -18 5.4 -2.3
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 6.0 25 17 5.9 -1.9
DTN WisdomTree U.S. Dividend ex-Financials Fund 6.0 38 4 7.7 -0.0
NULV Nuveen ESG Large-Cap Value ETF 6.0 35 7 7.3 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 6.0 4 38 6.9 -0.8
KNOW Direxion All Cap Insider Sentiment Shares 6.0 59 -17 5.5 -2.3
IWX iShares Russell Top 200 Value ETF 6.0 20 22 6.9 -0.9
SPDV AAM S&P 500 High Dividend Value ETF 5.9 29 13 10.3 +2.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 5.7 28 14 6.5 -1.2
ROUS Hartford Multifactor US Equity ETF 5.6 19 23 7.1 -0.7
ESG FlexShares STOXX US ESG Impact Index Fund 5.6 32 10 5.2 -2.6
SDOG ALPS Sector Dividend Dogs ETF 5.5 40 2 9.7 +1.9
PKW Invesco Buyback Achievers ETF 5.5 62 -20 6.6 -1.1
SPVU Invesco S&P 500 Enhanced Value ETF 5.4 13 29 10.4 +2.7
DIV Global X SuperDividend US ETF 5.4 45 -3 9.6 +1.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.4 35 7 8.2 +0.4
ACSI American Customer Satisfaction Core Alpha ETF 5.4 66 -24 5.9 -1.8
USMV iShares Edge MSCI Min Vol USA ETF 5.4 15 27 5.7 -2.1
QDIV Global X S&P 500 Quality Dividend ETF 5.4 20 22 8.1 +0.3
SPMV Invesco S&P 500 Minimum Variance ETF 5.3 10 32 5.8 -1.9
PRF Invesco FTSE RAFI US 1000 ETF 5.2 39 3 6.6 -1.1
LVUS Hartford Multifactor Low Volatility US Equity ETF 5.1 19 23 5.9 -1.9
IYW iShares U.S. Technology ETF 5.0 42 0 4.4 -3.4
IUS Invesco Strategic US ETF 5.0 19 23 6.2 -1.6
JVAL JPMorgan U.S. Value Factor ETF 5.0 12 30 8.5 +0.8
DGRO iShares Core Dividend Growth ETF 4.9 8 34 6.4 -1.3
NACP Impact Shares NAACP Minority Empowerment ETF 4.9 75 -33 4.5 -3.3
XLG Invesco S&P 500 Top 50 ETF 4.9 20 22 4.7 -3.1
LRGF iShares Edge MSCI Multifactor USA ETF 4.9 20 22 6.9 -0.8
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 4.9 30 12 9.1 +1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 4.9 25 17 6.4 -1.3
DIVB iShares U.S. Dividend & Buyback ETF 4.8 25 17 6.3 -1.4
TDV ProShares S&P Technology Dividend Aristocrats ETF 4.8 45 -3 4.6 -3.1
FDRR Fidelity Dividend ETF for Rising Rates 4.7 29 13 6.9 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 4.7 8 34 6.4 -1.3
CCOR Core Alternative ETF 4.7 123 -81 4.2 -3.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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. Telecommunications 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 16.3 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.