iShares Morningstar Mid-Cap Growth ETF
ALTAR
Score™
2.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
53.9x P/Sales
ratio
6.5x
P/BV
ratio
8.1x Div.
yield
0.4%


  • 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) $1,114
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) $22,496
Large cap (>$10bn) 85.8%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 0.0%
Developed mkts 97.8%
Emerging mkts 1.9%

TOP TEN HOLDINGS
SQUARE, INC. CLASS A 2.1 %
MERCADOLIBRE INC 1.9 %
DEXCOM INC 1.5 %
VEEVA SYSTEMS INC-CLASS A 1.5 %
LULULEMON ATHLETICA INC 1.4 %
WORKDAY INC-CLASS A 1.4 %
COSTAR GROUP INC 1.4 %
IHS MARKIT LTD. 1.3 %
CHIPOTLE MEXICAN GRILL-CL A 1.3 %
TWILIO, INC. CLASS A 1.3 %
Total 15.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.3 %
ARGENTINA 1.9 %
BRITAIN 1.7 %
IRELAND 1.3 %
UNITED KINGDOM 0.3 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.0% 31.8% 16.2% 16.3% 12.0%

Market Correlations
versus... Beta R-squared
S&P500 1.08 86%
MSCI EAFE 1.06 69%
MSCI Emg. Mkts. 0.77 57%

Technical Indicators
Recent close $309.52
30d moving avg. $316.69
Annualized volatility 20.5%
Short interest (ETF) 0.5%
Short interest (Underlying) 5.6%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 29
Turnover 0.8%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $7,251

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™: 2.3%


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 61.7 24 6 3.0 +0.7
VOT Vanguard Mid-Cap Growth Index Fund 56.6 7 23 3.3 +1.0
FTC First Trust Large Cap Growth AlphaDEX Fund 42.5 61 -31 3.0 +0.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 35.2 4 26 5.6 +3.3
VO Vanguard Mid-Cap Index Fund 32.0 4 26 5.3 +3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 31.1 66 -36 2.5 +0.2
JHMM John Hancock Multifactor Mid Cap ETF 29.1 42 -12 5.8 +3.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 29.0 30 0 5.8 +3.5
IWR iShares Russell Midcap ETF 27.6 19 11 5.7 +3.4
SCHM Schwab U.S. Mid-Cap ETF 26.9 4 26 6.3 +4.0
PDP Invesco DWA Momentum ETF 26.5 62 -32 3.0 +0.7
VBK Vanguard Small-Cap Growth Index Fund 26.4 7 23 2.4 +0.1
TPLC Timothy Plan US Large Cap Core ETF 25.6 52 -22 5.5 +3.2
FXL First Trust Technology AlphaDEX Fund 25.1 61 -31 3.6 +1.3
JHMT John Hancock Multifactor Technology ETF 25.0 40 -10 6.1 +3.8
RPG Invesco S&P 500 Pure Growth ETF 25.0 35 -5 4.7 +2.4
NUMG Nuveen ESG Mid-Cap Growth ETF 24.9 40 -10 2.2 -0.1
FCTR First Trust Lunt U.S. Factor Rotation ETF 24.3 65 -35 3.2 +0.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 24.0 35 -5 4.6 +2.3
PSET Principal Price Setters Index ETF 23.7 15 15 5.1 +2.8
QGRO American Century STOXX U.S. Quality Growth ETF 23.6 29 1 3.9 +1.6
RBUS Nationwide Risk-Based U.S. Equity ETF 23.3 30 0 4.7 +2.4
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 23.2 59 -29 4.3 +2.0
BOSS Global X Founder-Run Companies ETF 21.9 45 -15 3.5 +1.2
JMOM JPMorgan U.S. Momentum Factor ETF 21.9 12 18 4.0 +1.7
FEX First Trust Large Cap Core AlphaDEX Fund 21.8 60 -30 6.1 +3.8
NULG Nuveen ESG Large-Cap Growth ETF 21.6 35 -5 3.8 +1.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 21.5 75 -45 4.2 +1.9
IGV iShares Expanded Tech-Software ETF 21.0 46 -16 2.5 +0.2
SIZE iShares Edge MSCI USA Size Factor ETF 21.0 15 15 6.2 +3.9
USMF WisdomTree U.S. Multifactor Fund 20.8 28 2 5.9 +3.6
VXF Vanguard Extended Market Index Fund 20.5 6 24 3.7 +1.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 20.3 34 -4 5.0 +2.7
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 20.0 24 6 6.3 +4.0
ETHO Etho Climate Leadership U.S. ETF 19.9 47 -17 4.6 +2.3
JHMH John Hancock Multifactor Healthcare ETF 19.8 40 -10 6.3 +4.0
XSW SPDR S&P Software & Services ETF 19.7 35 -5 4.1 +1.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 19.4 35 -5 5.9 +3.6
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 19.2 35 -5 5.9 +3.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 19.2 9 21 6.1 +3.8
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 18.9 75 -45 3.7 +1.4
EUSA iShares MSCI USA Equal Weighted ETF 18.7 15 15 6.3 +4.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 18.7 70 -40 2.2 -0.1
FVL First Trust Value Line 100 Exchange-Traded Fund 18.7 70 -40 5.4 +3.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 18.6 7 23 5.6 +3.3
FXH First Trust Health Care AlphaDEX Fund 18.3 62 -32 4.2 +1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 18.1 20 10 6.6 +4.3
ACWF iShares FactorSelect MSCI Global ETF 17.9 35 -5 8.2 +5.9
TUSA First Trust Total US Market AlphaDEX ETF 17.6 70 -40 6.0 +3.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.6 17 13 6.5 +4.2
AIEQ AI Powered Equity ETF 17.6 87 -57 2.8 +0.5
VB Vanguard Small-Cap ETF 17.5 5 25 5.5 +3.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.4 35 -5 5.6 +3.3
LRGF iShares Edge MSCI Multifactor USA ETF 17.2 20 10 7.9 +5.6
SCIU Global X Scientific Beta US ETF 17.0 19 11 5.7 +3.4
DTEC ALPS Disruptive Technologies ETF 17.0 50 -20 3.4 +1.1
BFOR Barron's 400 ETF 17.0 65 -35 6.5 +4.2
VFMO Vanguard U.S. Momentum Factor ETF 16.8 13 17 0.9 -1.4
ENTR Entrepreneur 30 Fund 16.3 49 -19 1.4 -0.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 15.8 20 10 7.1 +4.8
OGIG O'Shares Global Internet Giants ETF 15.7 48 -18 0.8 -1.5
XITK SPDR FactSet Innovative Technology ETF 15.7 45 -15 0.5 -1.8
SFYX Sofi Next 500 ETF 15.6 0 30 6.1 +3.8
QQXT First Trust Nasdaq-100 Ex-Technology Sector Index Fund 15.5 60 -30 3.7 +1.4
MMLG First Trust Multi-Manager Large Growth ETF 14.9 85 -55 2.6 +0.3
THNQ ROBO Global Artificial Intelligence ETF 14.8 68 -38 1.6 -0.7
RYT Invesco S&P 500 Equal Weight Technology ETF 14.4 40 -10 7.1 +4.8
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 14.4 49 -19 5.3 +3.0
ARKW ARK Web x.0 ETF 14.2 76 -46 -0.9 -3.2
TECB iShares US Tech Breakthrough Multisector ETF 14.0 40 -10 4.8 +2.5
PEXL Pacer US Export Leaders ETF 13.8 60 -30 6.0 +3.7
EQAL Invesco Russell 1000 Equal Weight ETF 13.6 20 10 5.8 +3.5
AFMC First Trust Active Factor Mid Cap ETF 13.5 65 -35 6.6 +4.3
FSMD Fidelity Small-Mid Factor ETF 13.5 29 1 6.6 +4.3
LEAD Reality Shares DIVCON Leaders Dividend ETF 13.2 43 -13 4.4 +2.1
DFND Reality Shares DIVCON Dividend Defender ETF 13.2 144 -114 3.4 +1.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 13.0 49 -19 1.6 -0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 12.9 61 -31 6.7 +4.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 12.9 17 13 6.6 +4.3
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.7 15 15 5.1 +2.8
IQM Franklin Intelligent Machines ETF 12.6 50 -20 2.6 +0.3
JHMI John Hancock Multifactor Industrials ETF 12.6 40 -10 5.6 +3.3
PWB Invesco Dynamic Large Cap Growth ETF 12.5 56 -26 3.8 +1.5
PTF Invesco DWA Technology Momentum ETF 12.5 60 -30 1.8 -0.6
ARKF ARK Fintech Innovation ETF 12.4 75 -45 0.7 -1.6
PNQI Invesco NASDAQ Internet ETF 12.3 60 -30 1.1 -1.3
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 12.3 25 5 7.8 +5.5
BUYZ Franklin Disruptive Commerce ETF 12.2 50 -20 -0.1 -2.4
FDMO Fidelity Momentum Factor ETF 12.2 29 1 4.2 +1.9
SPMD SPDR Portfolio Mid Cap ETF 12.2 5 25 6.7 +4.4
IJH iShares Core S&P Mid-Cap ETF 12.2 5 25 6.7 +4.4
IVOO Vanguard S&P Mid-Cap 400 ETF 12.2 10 20 6.6 +4.3
MDY SPDR S&P Midcap 400 ETF Trust 12.2 23 7 6.5 +4.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 12.2 15 15 5.2 +2.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 12.2 15 15 5.2 +2.9
IJK iShares S&P Mid-Cap 400 Growth ETF 12.2 24 6 5.1 +2.8
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 12.2 20 10 7.8 +5.5
IWF iShares Russell 1000 Growth ETF 12.0 19 11 5.7 +3.4
GFIN Goldman Sachs Motif Finance Reimagined ETF 12.0 50 -20 5.4 +3.1
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 11.9 57 -27 5.5 +3.2

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 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 7.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 2.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 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.