iShares Morningstar Mid-Cap Growth ETF
ALTAR
Score™
1.9% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
63.6x P/Sales
ratio
7.7x
P/BV
ratio
10.0x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Morningstar Mid Growth Index Fund seeks investment results that correspond to the price and yield performance of the Morningstar Mid Growth Index. The Index measures the performance of

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 28, 2004
Assets (mns) $1,414
Currency USD
Expense ratio 30 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 161
Wgt avg mkt cap (mns) $30,061
Large cap (>$10bn) 92.1%
Mid cap ($2-10bn) 7.1%
Small cap (<$2bn) 0.0%
Developed mkts 97.6%
Emerging mkts 2.4%

TOP TEN HOLDINGS
ZOOM VIDEO COMMUNICATIONS, INC. CL 2.9 %
SQUARE, INC. CLASS A 2.6 %
MERCADOLIBRE INC 2.4 %
TWILIO, INC. CLASS A 1.5 %
LULULEMON ATHLETICA INC 1.5 %
DOCUSIGN, INC. 1.4 %
SNAP, INC. CLASS A 1.3 %
IDEXX LABORATORIES INC 1.3 %
KLA-TENCOR CORPORATION 1.3 %
WORKDAY INC-CLASS A 1.3 %
Total 17.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
ARGENTINA 2.4 %
BRITAIN 1.9 %
IRELAND 1.1 %







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.
38.9% 40.8% 18.6% 15.4% 12.6%

Market Correlations
versus... Beta R-squared
S&P500 1.07 86%
MSCI EAFE 0.98 71%
MSCI Emg. Mkts. 0.80 60%

Technical Indicators
Recent close $362.44
30d moving avg. $346.30
Annualized volatility 21.7%
Short interest (ETF) 0.7%
Short interest (Underlying) 5.6%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 37
Turnover 1.0%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $40,347

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JKH Expense: 30 bp ALTAR Score™: 1.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKH
Ticker Fund
Name
Overlap1
vs JKH
(%)
Expense
ratio
(bp)
Savings
vs JKH
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKH
(%)
IWP iShares Russell Mid-Cap Growth ETF 64.2 24 6 2.9 +1.0
VOT Vanguard Mid-Cap Growth Index Fund 60.7 7 23 2.9 +1.0
FTC First Trust Large Cap Growth AlphaDEX Fund 42.7 61 -31 2.5 +0.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 37.7 4 26 4.9 +3.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 35.2 65 -35 1.8 -0.1
VO Vanguard Mid-Cap Index Fund 32.3 4 26 4.8 +2.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 30.7 75 -45 2.7 +0.8
IWR iShares Russell Midcap ETF 28.4 19 11 5.1 +3.2
TPLC Timothy Plan US Large Cap Core ETF 28.2 52 -22 4.8 +2.9
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 28.0 30 0 5.4 +3.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 27.7 66 -36 2.1 +0.2
QGRO American Century STOXX U.S. Quality Growth ETF 27.0 29 1 3.2 +1.3
JHMT John Hancock Multifactor Technology ETF 27.0 40 -10 4.4 +2.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.8 7 23 4.7 +2.8
RBUS Nationwide Risk-Based U.S. Equity ETF 26.4 30 0 4.8 +2.9
RPG Invesco S&P 500 Pure Growth ETF 26.2 35 -5 4.2 +2.3
JHMM John Hancock Multifactor Mid Cap ETF 26.2 42 -12 5.1 +3.2
JMOM JPMorgan U.S. Momentum Factor ETF 25.3 12 18 3.3 +1.4
FXL First Trust Technology AlphaDEX Fund 25.0 61 -31 3.7 +1.8
NUMG Nuveen ESG Mid-Cap Growth ETF 24.7 40 -10 2.1 +0.2
FEX First Trust Large Cap Core AlphaDEX Fund 24.5 60 -30 5.1 +3.1
IGV iShares Expanded Tech-Software ETF 24.3 46 -16 2.2 +0.3
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 24.0 59 -29 4.0 +2.1
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 24.0 35 -5 4.3 +2.4
VBK Vanguard Small-Cap Growth Index Fund 23.9 7 23 2.2 +0.2
BOSS Global X Founder-Run Companies ETF 23.0 45 -15 3.0 +1.1
STMB iShares Factors US Mid Blend Style ETF 22.8 30 0 5.4 +3.5
PSET Principal Price Setters Index ETF 22.7 15 15 4.7 +2.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 22.5 34 -4 4.5 +2.6
XITK SPDR FactSet Innovative Technology ETF 22.4 45 -15 0.5 -1.4
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 21.7 35 -5 5.3 +3.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 21.6 35 -5 5.3 +3.4
OGIG O'Shares Global Internet Giants ETF 21.6 48 -18 0.7 -1.2
SCHM Schwab U.S. Mid-Cap ETF 21.4 4 26 5.6 +3.7
NULG Nuveen ESG Large-Cap Growth ETF 21.3 35 -5 3.6 +1.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 21.3 24 6 5.7 +3.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 21.1 75 -45 1.9 -0.0
XSW SPDR S&P Software & Services ETF 21.1 35 -5 4.2 +2.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 21.1 9 21 5.3 +3.3
VXF Vanguard Extended Market Index Fund 20.7 6 24 2.9 +1.0
ETHO Etho Climate Leadership U.S. ETF 20.3 47 -17 4.0 +2.1
SIZE iShares MSCI USA Size Factor ETF 19.9 15 15 5.6 +3.6
SLT Pacer Salt High TruBeta US Market ETF 19.9 60 -30 3.1 +1.2
ENTR Entrepreneur 30 Fund 19.7 49 -19 1.0 -0.9
USMF WisdomTree U.S. Multifactor Fund 19.7 28 2 5.7 +3.8
PDP Invesco DWA Momentum ETF 19.5 62 -32 2.0 +0.1
EUSA iShares MSCI USA Equal Weighted ETF 19.4 15 15 5.6 +3.7
DTEC ALPS Disruptive Technologies ETF 18.4 50 -20 3.0 +1.1
BTEK BlackRock Future Tech ETF 18.4 88 -58 0.1 -1.8
ONEO SPDR Russell 1000 Momentum Focus ETF 18.3 20 10 6.0 +4.1
FDMO Fidelity Momentum Factor ETF 18.0 29 1 2.7 +0.7
ARKW ARK Web x.0 ETF 17.9 76 -46 -0.8 -2.7
JHMH John Hancock Multifactor Healthcare ETF 17.8 40 -10 6.2 +4.3
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.7 17 13 6.1 +4.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.3 35 -5 5.2 +3.3
QQQJ Invesco NASDAQ Next Gen 100 ETF 16.9 15 15 3.1 +1.2
LRGF iShares Edge MSCI Multifactor USA ETF 16.7 20 10 6.9 +5.0
FDN First Trust Dow Jones Internet Index Fund 16.3 52 -22 1.9 -0.0
PNQI Invesco NASDAQ Internet ETF 16.2 60 -30 1.2 -0.7
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 16.2 60 -30 3.5 +1.6
SFYX Sofi Next 500 ETF 16.2 0 30 5.4 +3.5
ARKF ARK Fintech Innovation ETF 16.2 75 -45 0.4 -1.5
FXH First Trust Health Care AlphaDEX Fund 16.0 62 -32 5.0 +3.1
FPX First Trust US IPO Index Fund 16.0 58 -28 1.4 -0.6
BFOR Barron's 400 ETF 15.8 65 -35 6.3 +4.3
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 15.7 49 -19 4.8 +2.9
TECB iShares US Tech Breakthrough Multisector ETF 15.6 40 -10 3.9 +2.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 15.6 20 10 6.5 +4.6
FVL First Trust Value Line 100 Exchange-Traded Fund 15.5 70 -40 4.8 +2.9
MMLG First Trust Multi-Manager Large Growth ETF 15.4 85 -55 2.0 +0.1
TUSA First Trust Total US Market AlphaDEX ETF 15.1 70 -40 5.5 +3.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 15.1 60 -30 4.9 +3.0
QQQN VictoryShares Nasdaq Next 50 ETF 15.0 18 12 3.1 +1.2
VB Vanguard Small-Cap ETF 15.0 5 25 5.0 +3.1
THNQ ROBO Global Artificial Intelligence ETF 14.9 68 -38 1.5 -0.4
VFMO Vanguard U.S. Momentum Factor ETF 14.7 13 17 0.9 -1.0
PTF Invesco DWA Technology Momentum ETF 14.6 60 -30 -0.8 -2.7
RYT Invesco S&P 500 Equal Weight Technology ETF 14.5 40 -10 6.1 +4.2
GIGE SoFi Gig Economy ETF 14.3 59 -29 -0.5 -2.4
PEXL Pacer US Export Leaders ETF 14.2 60 -30 5.5 +3.6
IYW iShares U.S. Technology ETF 13.8 43 -13 3.7 +1.8
BUYZ Franklin Disruptive Commerce ETF 13.8 50 -20 -0.3 -2.2
IQM Franklin Intelligent Machines ETF 13.6 50 -20 1.6 -0.3
MTUM iShares MSCI USA Momentum Factor ETF 13.6 15 15 3.0 +1.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.6 20 10 7.2 +5.3
SCHG Schwab U.S. Large-Cap Growth ETF 13.5 4 26 3.4 +1.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 13.5 49 -19 1.2 -0.8
AIEQ AI Powered Equity ETF 13.4 87 -57 3.1 +1.1
RNLC Large Cap US Equity Select ETF 13.4 60 -30 5.6 +3.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 13.2 9 21 5.0 +3.1
FSMD Fidelity Small-Mid Factor ETF 13.2 29 1 5.9 +4.0
IWF iShares Russell 1000 Growth ETF 13.0 19 11 3.7 +1.7
EQAL Invesco Russell 1000 Equal Weight ETF 12.8 20 10 5.3 +3.4
IETC iShares Evolved U.S. Technology ETF 12.8 18 12 3.6 +1.7
RSP Invesco S&P 500 Equal Weight ETF 12.6 20 10 5.9 +4.0
ACWF iShares FactorSelect MSCI Global ETF 12.6 35 -5 7.5 +5.6
VONG Vanguard Russell 1000 Growth Index Fund 12.6 8 22 3.8 +1.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 12.5 17 13 6.4 +4.5
IYH iShares U.S. Healthcare ETF 12.5 43 -13 6.3 +4.4

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 Morningstar Mid-Cap Growth ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.8 %
Divided by: Fwd. P/BV 8.5 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 1.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.50
 
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.