iShares Morningstar Small-Cap ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.8x P/Sales
ratio
1.3x
P/BV
ratio
1.8x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Morningstar Small Core Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of domestic small cap stocks as represented by the Morningstar Small Core Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jun 28, 2004
Assets (mns) $179
Currency USD
Expense ratio 25 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 235
Wgt avg mkt cap (mns) $3,514
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 88.0%
Small cap (<$2bn) 12.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NUANCE COMMUNICATIONS INC 1.1 %
CREE INC 1.0 %
WILLIAMS-SONOMA INC 1.0 %
HEALTHCARE TRUST OF AMERICA, INC. 0.9 %
HD SUPPLY HOLDINGS INC 0.9 %
PROSPERITY BANCSHARES INC 0.8 %
DUNKIN' BRANDS GROUP INC 0.8 %
CORELOGIC INC 0.8 %
POLARIS INDUSTRIES INC 0.8 %
STORE CAPITAL CORP 0.8 %
Total 8.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
BERMUDA 1.9 %
PUERTO RICO 0.8 %
BRITAIN 0.7 %
IRELAND 0.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.1% -11.9% 2.6% 9.6% 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.28 89%
MSCI EAFE 1.31 81%
MSCI Emg. Mkts. 0.92 63%

Technical Indicators
Recent close $149.58
30d moving avg. $152.30
Annualized volatility 23.0%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.5%
Bid/Ask (% of price) 0.50%
ADV underlying (mns) $12,285

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JKJ Expense: 25 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKJ
Ticker Fund
Name
Overlap1
vs JKJ
(%)
Expense
ratio
(bp)
Savings
vs JKJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKJ
(%)
JHSC John Hancock Multifactor Small Cap ETF 33.1 42 -17 6.0 -0.8
BKSE BNY Mellon US Small Cap Core Equity ETF 28.0 4 21 5.7 -1.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 26.8 40 -15 7.3 +0.5
MDYV SPDR S&P 400 Mid Cap Value ETF 26.7 15 10 8.8 +2.0
IJJ iShares S&P Mid-Cap 400 Value ETF 26.6 25 0 8.7 +1.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 26.0 15 10 8.7 +1.9
VBR Vanguard Small Cap Value Index Fund 24.3 7 18 8.5 +1.7
RNMC Mid Cap US Equity Select ETF 23.9 60 -35 7.8 +1.0
MDY SPDR S&P Midcap 400 ETF Trust 23.0 23 2 6.5 -0.3
EZM WisdomTree U.S. MidCap Earnings Fund 23.0 38 -13 9.3 +2.6
SPMD SPDR Portfolio Mid Cap ETF 22.9 5 20 6.7 -0.1
IJH iShares Core S&P Mid-Cap ETF 22.9 6 19 6.7 -0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 22.2 10 15 6.5 -0.2
SMDY Syntax Stratified MidCap ETF 22.2 30 -5 6.4 -0.3
IWN iShares Russell 2000 Value ETF 21.8 24 1 7.4 +0.6
VTWV Vanguard Russell 2000 Value Index Fund 21.5 15 10 7.5 +0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 21.1 25 0 6.8 +0.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 20.5 20 5 4.7 -2.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 19.9 15 10 5.0 -1.8
IJK iShares S&P Mid-Cap 400 Growth ETF 19.9 24 1 4.9 -1.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 19.9 6 19 5.4 -1.4
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 19.9 35 -10 6.4 -0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 19.8 17 8 5.2 -1.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 19.7 29 -4 5.7 -1.1
SCHA Schwab U.S. Small-Cap ETF 19.7 4 21 4.7 -2.0
ISMD Inspire Small/Mid Cap Impact ETF 19.6 60 -35 6.6 -0.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 19.2 15 10 5.0 -1.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 19.1 7 18 5.5 -1.2
VIOO Vanguard S&P Small-Cap 600 ETF 19.1 10 15 7.3 +0.5
SPSM SPDR Portfolio Small Cap ETF 19.0 5 20 7.2 +0.4
SLY SPDR S&P 600 Small Cap ETF 19.0 15 10 7.1 +0.3
IJR iShares Core S&P Small Cap ETF 18.9 7 18 7.2 +0.4
IUSS Invesco Strategic US Small Company ETF 18.5 23 2 5.5 -1.3
NUSC Nuveen ESG Small-Cap ETF 18.3 40 -15 5.4 -1.4
IWM iShares Russell 2000 ETF 18.2 19 6 3.7 -3.1
RWK Invesco S&P MidCap 400 Revenue ETF 18.0 39 -14 8.2 +1.4
VB Vanguard Small-Cap ETF 17.7 5 20 5.4 -1.4
VTWO Vanguard Russell 2000 Index Fund 17.7 10 15 3.7 -3.1
FNK First Trust Mid Cap Value AlphaDEX Fund 17.7 70 -45 10.4 +3.6
FNX First Trust Mid Cap Core AlphaDEX Fund 17.5 61 -36 6.4 -0.3
VIOG Vanguard S&P Small-Cap 600 Growth ETF 17.0 16 9 5.2 -1.5
FSMD Fidelity Small-Mid Factor ETF 16.9 29 -4 7.1 +0.3
DES WisdomTree U.S. SmallCap Dividend Fund 16.7 38 -13 8.8 +2.1
IJT iShares S&P Small-Cap 600 Growth ETF 16.6 25 0 5.2 -1.6
SLYG SPDR S&P 600 Small Cap Growth ETF 16.6 15 10 5.3 -1.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 16.4 20 5 6.0 -0.7
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 16.3 20 5 9.6 +2.8
SFYX Sofi Next 500 ETF 15.9 0 25 6.0 -0.8
IWO iShares Russell 2000 Growth ETF 15.6 24 1 0.8 -6.0
AFMC First Trust Active Factor Mid Cap ETF 15.4 65 -40 6.4 -0.4
VTWG Vanguard Russell 2000 Growth Index Fund 15.3 15 10 0.8 -6.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 14.7 12 13 7.9 +1.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.4 30 -5 7.9 +1.1
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 14.3 35 -10 8.4 +1.6
DON WisdomTree U.S. MidCap Dividend Fund 14.2 38 -13 7.8 +1.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 14.2 24 1 7.3 +0.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 14.1 39 -14 4.2 -2.5
TPSC Timothy Plan US Small Cap Core ETF 13.9 52 -27 8.4 +1.6
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 13.8 48 -23 5.8 -1.0
PSC Principal U.S. Small Cap Index ETF 13.5 38 -13 7.1 +0.4
AFSM First Trust Active Factor Small Cap ETF 12.9 75 -50 5.7 -1.0
VXF Vanguard Extended Market Index Fund 12.9 7 18 3.8 -3.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 12.7 70 -45 2.1 -4.7
RWR SPDR Dow Jones REIT ETF 12.1 25 0 7.4 +0.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 12.1 80 -55 5.7 -1.1
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 11.9 29 -4 1.8 -5.0
VBK Vanguard Small-Cap Growth Index Fund 11.8 7 18 2.4 -4.3
VIOV Vanguard S&P Small-Cap 600 Value ETF 11.8 15 10 9.8 +3.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 11.6 35 -10 8.3 +1.5
AVUV Avantis U.S. Small Cap Value ETF 11.6 25 0 9.5 +2.7
IJS iShares S&P Small-cap 600 Value ETF 11.5 25 0 9.3 +2.6
SLYV SPDR S&P 600 Small Cap Value ETF 11.5 15 10 9.4 +2.6
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 11.3 38 -13 9.2 +2.4
SCHM Schwab U.S. Mid-Cap ETF 11.3 4 21 6.3 -0.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 11.2 29 -4 9.9 +3.1
EQWM Invesco S&P MidCap Quality ETF 11.2 25 0 6.5 -0.3
USRT iShares Core U.S. REIT ETF 10.8 8 17 7.4 +0.6
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 10.8 11 14 7.4 +0.6
PXMV Invesco S&P MidCap Value with Momentum ETF 10.7 39 -14 10.3 +3.6
FRI First Trust S&P REIT Index Fund 10.7 50 -25 7.0 +0.3
XMLV Invesco S&P MidCap Low Volatility ETF 10.7 25 0 5.6 -1.2
PMOM Principal Sustainable Momentum Index ETF 10.7 29 -4 9.1 +2.3
CSML IQ Chaikin U.S. Small Cap ETF 10.6 35 -10 4.2 -2.5
KBE SPDR S&P Bank ETF 10.5 35 -10 11.7 +5.0
VUSE Vident Core US Equity Fund 10.4 48 -23 8.4 +1.6
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 10.3 40 -15 6.8 +0.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 10.2 35 -10 4.0 -2.8
RNSC Small Cap US Equity Select ETF 10.2 60 -35 7.8 +1.0
PVAL Principal Contrarian Value Index ETF 10.1 29 -4 10.2 +3.4
FYX First Trust Small Cap Core AlphaDEX Fund 9.9 63 -38 6.7 -0.1
KRE SPDR S&P Regional Banking ETF 9.9 35 -10 11.5 +4.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 9.7 39 -14 7.8 +1.1
VFMF Vanguard U.S. Multifactor ETF 9.3 19 6 7.3 +0.5
VFLQ Vanguard U.S. Liquidity Factor ETF 9.3 14 11 4.7 -2.0
BFOR Barron's 400 ETF 9.3 65 -40 6.4 -0.4
SCHH Schwab U.S. REIT ETF 9.2 7 18 6.6 -0.1
XMMO Invesco S&P MidCap Momentum ETF 9.0 39 -14 4.7 -2.1
SSLY Syntax Stratified SmallCap ETF 9.0 30 -5 6.3 -0.5
FYC First Trust Small Cap Growth AlphaDEX Fund 9.0 70 -45 2.5 -4.3
FREL Fidelity MSCI Real Estate Index ETF 8.9 8 17 6.6 -0.1

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 Small-Cap 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 11.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.