iShares Morningstar Mid-Cap Growth ETF
ALTAR
Score™
3.6% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
30.2x P/Sales
ratio
3.5x
P/BV
ratio
4.5x Div.
yield
0.6%


  • 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 Jul 02, 2004
Assets (mns) $417
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 176
Wgt avg mkt cap (mns) $13,919
Large cap (>$10bn) 65.2%
Mid cap ($2-10bn) 34.5%
Small cap (<$2bn) 0.2%
Developed mkts 98.8%
Emerging mkts 1.2%

TOP TEN HOLDINGS
SBA COMMUNICATIONS CORP. CLASS A 1.8 %
IHS MARKIT LTD. 1.5 %
DEXCOM INC 1.4 %
VERISK ANALYTICS INC-CLASS A 1.4 %
MSCI INC-A 1.4 %
RESMED INC 1.3 %
AGILENT TECHNOLOGIES INC 1.3 %
LULULEMON ATHLETICA INC 1.3 %
MERCADOLIBRE INC 1.2 %
KLA-TENCOR CORPORATION 1.2 %
Total 13.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BRITAIN 1.8 %
ARGENTINA 1.2 %
IRELAND 1.2 %
ISRAEL 0.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.0% -7.0% 5.9% 10.8% 9.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 87%
MSCI EAFE 0.92 66%
MSCI Emg. Mkts. 0.68 53%

Technical Indicators
Recent close $208.62
30d moving avg. $229.02
Annualized volatility 17.0%
Short interest (ETF) 0.5%
Short interest (Underlying) 5.6%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 42
Turnover 2.1%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $28,689

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 3.6%


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
(%)
VOT Vanguard Mid-Cap Growth Index Fund 61.7 7 23 5.0 +1.4
IWP iShares Russell Mid-Cap Growth ETF 55.9 24 6 6.1 +2.5
FTC First Trust Large Cap Growth AlphaDEX Fund 35.0 61 -31 4.5 +0.8
VO Vanguard Mid-Cap Index Fund 34.6 4 26 7.7 +4.1
JHMM John Hancock Multifactor Mid Cap ETF 31.3 44 -14 8.4 +4.8
NUMG Nuveen ESG Mid-Cap Growth ETF 31.1 40 -10 4.6 +1.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 30.5 30 0 8.7 +5.1
SFYX Sofi Next 500 ETF 30.4 0 30 8.3 +4.7
TPLC Timothy Plan US Large Cap Core ETF 30.3 52 -22 7.5 +3.9
SCHM Schwab U.S. Mid-Cap ETF 30.2 4 26 9.2 +5.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 30.1 66 -36 4.3 +0.7
IWR iShares Russell Midcap ETF 29.0 19 11 8.1 +4.5
QGRO American Century STOXX U.S. Quality Growth ETF 27.9 29 1 4.6 +1.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 27.6 65 -35 4.5 +0.8
VBK Vanguard Small-Cap Growth Index Fund 26.4 7 23 3.9 +0.3
PDP Invesco DWA Momentum ETF 25.5 62 -32 3.8 +0.2
PSET Principal Price Setters Index ETF 24.2 29 1 7.0 +3.4
VXF Vanguard Extended Market Index Fund 23.5 7 23 6.0 +2.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 22.9 24 6 8.5 +4.9
JHMT John Hancock Multifactor Technology ETF 22.6 40 -10 6.9 +3.3
JMOM JPMorgan U.S. Momentum Factor ETF 22.4 12 18 5.3 +1.6
RPG Invesco S&P 500 Pure Growth ETF 22.1 35 -5 6.6 +3.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 21.7 60 -30 5.7 +2.0
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 21.7 35 -5 5.9 +2.3
CFA Victory CEMP US 500 Volatility Weighted Index ETF 21.3 35 -5 8.2 +4.6
SIZE iShares Edge MSCI USA Size Factor ETF 21.2 15 15 8.4 +4.8
FEX First Trust Large Cap Core AlphaDEX Fund 21.2 60 -30 8.2 +4.6
FXL First Trust Technology AlphaDEX Fund 21.2 61 -31 5.6 +2.0
SMMD iShares Russell 2500 ETF 20.9 15 15 8.2 +4.6
VB Vanguard Small-Cap ETF 20.8 5 25 8.2 +4.6
ONEO SPDR Russell 1000 Momentum Focus ETF 20.2 20 10 9.6 +6.0
EUSA iShares MSCI USA Equal Weighted ETF 20.0 15 15 8.6 +5.0
ETHO Etho Climate Leadership U.S. ETF 19.9 47 -17 6.8 +3.2
JHMH John Hancock Multifactor Healthcare ETF 19.5 40 -10 7.3 +3.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 19.4 17 13 9.2 +5.6
LRGF iShares Edge MSCI Multifactor USA ETF 19.0 20 10 9.2 +5.6
XSW SPDR S&P Software & Services ETF 18.7 35 -5 5.2 +1.6
BOSS Global X Founder-Run Companies ETF 18.2 45 -15 4.9 +1.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 18.0 35 -5 7.7 +4.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 17.6 20 10 9.7 +6.1
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 17.6 75 -45 5.0 +1.4
IUSS Invesco Strategic US Small Company ETF 17.3 23 7 9.1 +5.5
NULG Nuveen ESG Large-Cap Growth ETF 17.3 35 -5 4.8 +1.2
BFOR Barron's 400 ETF 17.3 66 -36 9.2 +5.6
USMF WisdomTree U.S. Multifactor Fund 17.1 28 2 8.3 +4.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 17.1 9 21 8.5 +4.9
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 16.9 25 5 10.3 +6.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 16.4 70 -40 4.7 +1.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 16.2 29 1 9.4 +5.8
IGV iShares North American Tech-Software ETF 16.2 46 -16 3.6 -0.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 16.0 75 -45 4.1 +0.5
SPMD SPDR Portfolio Mid Cap ETF 16.0 5 25 9.3 +5.7
IJH iShares Core S&P Mid-Cap ETF 16.0 6 24 9.3 +5.7
IVOO Vanguard S&P Mid-Cap 400 ETF 16.0 10 20 9.3 +5.7
MDY SPDR S&P Midcap 400 ETF Trust 16.0 23 7 9.1 +5.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.8 29 1 10.7 +7.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 15.7 15 15 6.9 +3.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 15.7 15 15 6.9 +3.3
IJK iShares S&P Mid-Cap 400 Growth ETF 15.7 24 6 6.8 +3.2
EQAL Invesco Russell 1000 Equal Weight ETF 15.7 20 10 7.7 +4.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.6 20 10 10.5 +6.9
PEXL Pacer US Export Leaders ETF 15.5 60 -30 9.2 +5.5
FXH First Trust Health Care AlphaDEX Fund 15.2 62 -32 6.6 +3.0
DTEC ALPS Disruptive Technologies ETF 15.2 50 -20 5.3 +1.6
RYT Invesco S&P 500 Equal Weight Technology ETF 15.1 40 -10 8.4 +4.8
VFMO Vanguard U.S. Momentum Factor ETF 15.0 13 17 4.8 +1.1
TUSA First Trust Total US Market AlphaDEX ETF 15.0 70 -40 9.5 +5.9
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 14.5 60 -30 9.2 +5.6
ENTR Entrepreneur 30 Fund 14.3 49 -19 3.5 -0.2
MXDU Nationwide Maximum Diversification US Core Equity ETF 14.0 34 -4 6.8 +3.2
LEAD Reality Shares DIVCON Leaders Dividend ETF 14.0 43 -13 5.7 +2.1
GARD Reality Shares DIVCON Dividend Guard ETF 14.0 129 -99 4.8 +1.2
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 13.9 60 -30 5.2 +1.6
RBUS Nationwide Risk-Based U.S. Equity ETF 13.8 30 0 7.3 +3.7
SCIU Global X Scientific Beta US ETF 13.8 19 11 7.8 +4.1
DFND Reality Shares DIVCON Dividend Defender ETF 13.7 121 -91 4.9 +1.3
FSMD Fidelity Small-Mid Factor ETF 13.6 29 1 10.1 +6.5
RSP Invesco S&P 500 Equal Weight ETF 13.5 20 10 8.9 +5.3
FVL First Trust Value Line 100 Exchange-Traded Fund 13.4 70 -40 5.6 +2.0
ACWF iShares FactorSelect MSCI Global ETF 13.3 35 -5 10.2 +6.6
QMOM Alpha Architect U.S. Quantitative Momentum ETF 13.3 49 -19 5.1 +1.5
JHMI John Hancock Multifactor Industrials ETF 13.1 40 -10 8.7 +5.1
RNLC Large Cap US Equity Select ETF 13.0 60 -30 8.2 +4.6
TTAC TrimTabs Float Shrink ETF 12.9 59 -29 5.3 +1.7
FDMO Fidelity Momentum Factor ETF 12.9 29 1 5.6 +2.0
TECB iShares US Tech Breakthrough Multisector ETF 12.7 40 -10 5.5 +1.9
SPHB Invesco S&P 500 High Beta ETF 12.7 25 5 11.6 +8.0
OGIG O'Shares Global Internet Giants ETF 12.6 48 -18 1.0 -2.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 12.5 6 24 8.1 +4.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 12.3 25 5 9.9 +6.2
FNX First Trust Mid Cap Core AlphaDEX Fund 12.3 61 -31 10.5 +6.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 12.2 40 -10 10.0 +6.4
IQM Franklin Intelligent Machines ETF 12.2 50 -20 3.5 -0.1
SMDY Syntax Stratified MidCap ETF 12.1 30 0 9.4 +5.8
RFG Invesco S&P Midcap 400 Pure Growth ETF 11.8 35 -5 6.2 +2.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 11.8 17 13 7.4 +3.7
XITK SPDR FactSet Innovative Technology ETF 11.8 45 -15 0.9 -2.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 11.7 17 13 9.4 +5.8
IYJ iShares U.S. Industrials ETF 11.6 42 -12 8.1 +4.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 11.5 70 -40 6.7 +3.1

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 16.7 %
Divided by: Fwd. P/BV 4.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 3.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.51
 
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.