iShares Morningstar Small-Cap ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
1.7x
P/BV
ratio
2.5x Div.
yield
1.4%


  • 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) $229
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 256
Wgt avg mkt cap (mns) $4,466
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 96.4%
Small cap (<$2bn) 2.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
LPL FINANCIAL HOLDINGS INC 1.0 %
II-VI INC 0.9 %
WEX INC 0.9 %
EAST WEST BANCORP INC 0.9 %
SIGNATURE BANK 0.8 %
LITHIA MOTORS INC-CL A 0.8 %
US FOODS HOLDING CORP. 0.8 %
DONALDSON CO INC 0.8 %
NOVAVAX INC 0.8 %
MIDDLEBY CORP 0.8 %
Total 8.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.7 %
BERMUDA 1.0 %
PUERTO RICO 0.8 %
IRELAND 0.6 %
BRITAIN 0.3 %
CAYMAN ISLANDS 0.3 %
CANADA 0.2 %
NETHERLANDS 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.2% 6.2% 10.6% 9.8% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.25 87%
MSCI EAFE 1.23 83%
MSCI Emg. Mkts. 0.99 69%

Technical Indicators
Recent close $208.32
30d moving avg. $198.47
Annualized volatility 25.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 6.2%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $10,251

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™: 5.1%


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
(%)
EZM WisdomTree U.S. MidCap Earnings Fund 34.2 38 -13 7.6 +2.5
JHSC John Hancock Multifactor Small Cap ETF 31.7 42 -17 4.6 -0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 31.6 4 21 4.7 -0.4
MDYV SPDR S&P 400 Mid Cap Value ETF 27.2 15 10 6.9 +1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 27.1 18 7 6.9 +1.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 25.8 40 -15 5.7 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 22.6 23 2 5.2 +0.1
SPMD SPDR Portfolio Mid Cap ETF 22.6 5 20 5.4 +0.3
IJH iShares Core S&P Mid-Cap ETF 22.6 5 20 5.4 +0.3
DON WisdomTree U.S. MidCap Dividend Fund 22.2 38 -13 6.7 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 22.0 10 15 5.3 +0.2
RNMC Mid Cap US Equity Select ETF 21.4 60 -35 6.1 +1.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 20.8 15 10 6.7 +1.6
VBR Vanguard Small Cap Value Index Fund 20.7 7 18 6.4 +1.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.6 6 19 4.1 -1.0
NUSC Nuveen ESG Small-Cap ETF 20.4 40 -15 4.0 -1.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.3 17 8 4.1 -1.0
SMDY Syntax Stratified MidCap ETF 20.1 30 -5 5.2 +0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 19.9 61 -36 5.1 +0.0
SCHA Schwab U.S. Small-Cap ETF 19.4 4 21 3.6 -1.5
RWK Invesco S&P MidCap 400 Revenue ETF 18.9 39 -14 6.4 +1.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 18.8 15 10 4.2 -0.9
IWN iShares Russell 2000 Value ETF 18.3 24 1 5.1 -0.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 18.2 15 10 3.8 -1.3
IJK iShares S&P Mid-Cap 400 Growth ETF 18.2 17 8 3.8 -1.3
FNDA Schwab Fundamental U.S. Small Co. Index ETF 18.2 25 0 4.8 -0.3
SPSM SPDR Portfolio Small Cap ETF 18.1 5 20 5.7 +0.6
SLY SPDR S&P 600 Small Cap ETF 18.1 15 10 5.6 +0.5
PSC Principal U.S. Small Cap Index ETF 18.1 38 -13 4.6 -0.5
VIOO Vanguard S&P Small-Cap 600 ETF 18.1 10 15 5.6 +0.5
IJR iShares Core S&P Small Cap ETF 18.1 6 19 5.7 +0.6
VTWO Vanguard Russell 2000 Index Fund 18.1 10 15 2.7 -2.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 17.9 9 16 3.3 -1.8
FNK First Trust Mid Cap Value AlphaDEX Fund 17.7 70 -45 7.8 +2.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 17.7 7 18 3.9 -1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 17.5 29 -4 4.3 -0.8
IUSS Invesco Strategic US Small Company ETF 17.5 23 2 3.7 -1.4
FSMD Fidelity Small-Mid Factor ETF 16.8 29 -4 5.3 +0.2
IWM iShares Russell 2000 ETF 16.7 19 6 2.5 -2.6
SFYX Sofi Next 500 ETF 16.7 0 25 4.9 -0.2
VB Vanguard Small-Cap ETF 16.5 5 20 4.5 -0.6
AFMC First Trust Active Factor Mid Cap ETF 16.1 65 -40 5.3 +0.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 15.7 35 -10 5.0 -0.1
VTWV Vanguard Russell 2000 Value Index Fund 15.7 15 10 5.2 +0.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 15.5 20 5 3.9 -1.3
TPSC Timothy Plan US Small Cap Core ETF 15.5 52 -27 5.7 +0.6
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 15.4 20 5 7.1 +2.0
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 15.4 35 -10 6.0 +0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 15.4 35 -10 6.0 +0.9
IWO iShares Russell 2000 Growth ETF 15.2 24 1 -0.1 -5.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 14.9 70 -45 1.6 -3.5
SLYG SPDR S&P 600 Small Cap Growth ETF 14.9 15 10 4.5 -0.6
IJT iShares S&P Small-Cap 600 Growth ETF 14.8 18 7 4.4 -0.7
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 14.8 20 5 3.7 -1.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 14.3 39 -14 3.5 -1.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 14.3 16 9 4.4 -0.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 14.0 80 -55 4.7 -0.4
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 13.9 30 -5 6.1 +1.0
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 13.8 29 -4 -0.3 -5.4
VTWG Vanguard Russell 2000 Growth Index Fund 13.6 15 10 0.1 -5.1
XMHQ Invesco S&P MidCap Quality ETF 13.2 25 0 5.5 +0.4
RNSC Small Cap US Equity Select ETF 13.0 60 -35 6.0 +0.9
VBK Vanguard Small-Cap Growth Index Fund 12.9 7 18 1.9 -3.2
FYX First Trust Small Cap Core AlphaDEX Fund 12.9 63 -38 5.5 +0.4
AVUV Avantis U.S. Small Cap Value ETF 12.6 25 0 6.4 +1.3
ISMD Inspire Small/Mid Cap Impact ETF 12.3 60 -35 4.3 -0.8
IJS iShares S&P Small-cap 600 Value ETF 12.2 18 7 6.8 +1.7
SLYV SPDR S&P 600 Small Cap Value ETF 12.1 15 10 7.0 +1.9
SCHM Schwab U.S. Mid-Cap ETF 12.0 4 21 5.0 -0.1
STSB iShares Factors US Small Blend Style ETF 11.9 35 -10 3.0 -2.2
KBE SPDR S&P Bank ETF 11.8 35 -10 8.1 +3.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 11.6 12 13 6.1 +1.0
KRE SPDR S&P Regional Banking ETF 11.5 35 -10 7.3 +2.2
XMVM Invesco S&P MidCap Value with Momentum ETF 11.5 39 -14 8.2 +3.1
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 11.3 24 1 5.0 -0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 11.2 29 -4 6.0 +0.9
VXF Vanguard Extended Market Index Fund 11.1 6 19 2.5 -2.6
FYT First Trust Small Cap Value AlphaDEX Fund 10.9 72 -47 8.0 +2.9
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 10.8 60 -35 6.2 +1.1
CSML IQ Chaikin U.S. Small Cap ETF 10.7 35 -10 2.8 -2.3
BFOR Barron's 400 ETF 10.4 65 -40 5.6 +0.5
AFSM First Trust Active Factor Small Cap ETF 10.4 77 -52 4.4 -0.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 10.2 15 10 6.9 +1.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 10.1 39 -14 4.0 -1.1
VFQY Vanguard U.S. Quality Factor ETF 10.0 13 12 5.3 +0.2
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 9.9 63 -38 5.2 +0.1
FXO First Trust Financials AlphaDEX Fund 9.9 63 -38 9.1 +4.0
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 9.9 40 -15 5.2 +0.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 9.8 39 -14 5.5 +0.4
FRI First Trust S&P REIT Index Fund 9.7 50 -25 6.3 +1.2
USRT iShares Core U.S. REIT ETF 9.7 8 17 6.8 +1.7
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 9.6 11 14 6.8 +1.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 9.6 30 -5 5.0 -0.1
FAB First Trust Multi Cap Value AlphaDEX Fund 9.4 71 -46 7.5 +2.4
KBWR Invesco KBW Regional Banking ETF 9.4 35 -10 7.5 +2.4
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 9.3 48 -23 5.6 +0.5
RWR SPDR Dow Jones REIT ETF 9.3 25 0 6.7 +1.6
DES WisdomTree U.S. SmallCap Dividend Fund 9.2 38 -13 6.7 +1.6
XMLV Invesco S&P MidCap Low Volatility ETF 9.1 25 0 5.1 +0.0
FREL Fidelity MSCI Real Estate Index ETF 9.0 9 17 6.3 +1.2

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 Small-Cap ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.0 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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