iShares Morningstar Small-Cap Growth ETF
ALTAR
Score™
0.6% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
101.6x P/Sales
ratio
6.0x
P/BV
ratio
7.9x Div.
yield
0.3%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 28, 2004
Assets (mns) $802
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 230
Wgt avg mkt cap (mns) $5,016
Large cap (>$10bn) 3.2%
Mid cap ($2-10bn) 90.5%
Small cap (<$2bn) 3.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PLUG POWER INC 2.9 %
CRISPR THERAPEUTICS AG 1.2 %
AXON ENTERPRISE INC 1.1 %
MKS INSTRUMENTS INC 1.0 %
NATERA INC 0.9 %
INVITAE CORP. 0.9 %
ULTRAGENYX PHARMACEUTICAL IN 0.9 %
FASTLY, INC. CLASS A 0.9 %
ARROWHEAD PHARMACEUTICALS, INC. 0.8 %
PROOFPOINT INC 0.8 %
Total 11.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
SWITZERLAND 1.2 %
BRITAIN 0.3 %








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.
43.4% 43.4% 18.2% 14.3% 11.6%

Market Correlations
versus... Beta R-squared
S&P500 1.15 81%
MSCI EAFE 1.05 66%
MSCI Emg. Mkts. 0.87 58%

Technical Indicators
Recent close $333.99
30d moving avg. $312.69
Annualized volatility 24.1%
Short interest (ETF) 0.5%
Short interest (Underlying) 8.8%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 30
Turnover 1.3%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $13,033

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: JKK Expense: 30 bp ALTAR Score™: 0.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKK
Ticker Fund
Name
Overlap1
vs JKK
(%)
Expense
ratio
(bp)
Savings
vs JKK
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKK
(%)
VTWG Vanguard Russell 2000 Growth Index Fund 43.3 15 15 0.1 -0.5
IWO iShares Russell 2000 Growth ETF 42.9 24 6 -0.1 -0.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 40.6 70 -40 1.6 +1.0
JHSC John Hancock Multifactor Small Cap ETF 33.0 42 -12 4.5 +4.0
BKSE BNY Mellon US Small Cap Core Equity ETF 32.4 4 26 4.7 +4.1
VBK Vanguard Small-Cap Growth Index Fund 31.5 7 23 1.9 +1.3
VTWO Vanguard Russell 2000 Index Fund 30.2 10 20 2.6 +2.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 27.6 9 21 3.3 +2.7
SCHA Schwab U.S. Small-Cap ETF 24.5 4 26 3.6 +3.0
IWM iShares Russell 2000 ETF 24.3 19 11 2.5 +1.9
MDYG SPDR S&P 400 Mid Cap Growth ETF 21.8 15 15 3.7 +3.2
IJK iShares S&P Mid-Cap 400 Growth ETF 21.8 17 13 3.7 +3.1
FNX First Trust Mid Cap Core AlphaDEX Fund 21.5 61 -31 5.1 +4.5
BTEC Principal Healthcare Innovators Index ETF 20.8 42 -12 -2.5 -3.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 20.5 20 10 3.8 +3.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 20.1 6 24 4.0 +3.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 20.0 17 13 4.0 +3.4
AFSM First Trust Active Factor Small Cap ETF 20.0 77 -47 4.3 +3.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 19.5 35 -5 4.9 +4.3
DWAS Invesco DWA SmallCap Momentum ETF 19.4 60 -30 -1.2 -1.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.0 66 -36 1.8 +1.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 18.8 29 1 4.2 +3.6
NUSC Nuveen ESG Small-Cap ETF 18.7 40 -10 3.9 +3.4
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 18.0 15 15 4.2 +3.6
VIOO Vanguard S&P Small-Cap 600 ETF 17.8 10 20 5.5 +4.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 17.8 16 14 4.3 +3.7
STSB iShares Factors US Small Blend Style ETF 17.6 35 -5 2.9 +2.3
SPSM SPDR Portfolio Small Cap ETF 16.7 5 25 5.6 +5.1
IJR iShares Core S&P Small Cap ETF 16.7 6 24 5.6 +5.0
SLY SPDR S&P 600 Small Cap ETF 16.7 15 15 5.5 +5.0
IJT iShares S&P Small-Cap 600 Growth ETF 16.6 18 12 4.3 +3.7
SLYG SPDR S&P 600 Small Cap Growth ETF 16.6 15 15 4.4 +3.8
FSMD Fidelity Small-Mid Factor ETF 16.6 29 1 5.2 +4.7
VB Vanguard Small-Cap ETF 16.6 5 25 4.4 +3.8
XSW SPDR S&P Software & Services ETF 16.6 35 -5 3.1 +2.6
XJR iShares ESG Screened S&P Small-Cap ETF 16.2 12 18 5.7 +5.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 15.9 24 6 4.9 +4.3
FYC First Trust Small Cap Growth AlphaDEX Fund 15.9 70 -40 1.7 +1.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 15.6 20 10 3.6 +3.1
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 15.6 30 0 6.0 +5.4
SFYX Sofi Next 500 ETF 15.2 0 30 4.8 +4.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 15.2 29 1 -0.3 -0.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 14.7 7 23 3.9 +3.3
SMDY Syntax Stratified MidCap ETF 14.7 30 0 5.1 +4.6
EZM WisdomTree U.S. MidCap Earnings Fund 14.4 38 -8 7.6 +7.0
EWMC Invesco S&P MidCap 400 Equal Weight ETF 14.2 40 -10 5.6 +5.1
AFMC First Trust Active Factor Mid Cap ETF 14.2 65 -35 5.2 +4.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 13.9 35 -5 3.3 +2.7
MDY SPDR S&P Midcap 400 ETF Trust 13.4 23 7 5.1 +4.5
SPMD SPDR Portfolio Mid Cap ETF 13.4 5 25 5.3 +4.7
IJH iShares Core S&P Mid-Cap ETF 13.4 5 25 5.3 +4.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 13.0 39 -9 3.4 +2.9
ISMD Inspire Small/Mid Cap Impact ETF 12.8 60 -30 4.3 +3.7
RZG Invesco S&P Smallcap 600 Pure Growth ETF 12.7 35 -5 3.7 +3.1
BFTR Future Innovators ETF 12.7 80 -50 -1.5 -2.1
XBI SPDR S&P BIOTECH ETF 12.5 35 -5 -2.2 -2.8
VXF Vanguard Extended Market Index Fund 12.3 6 24 2.5 +1.9
IVOO Vanguard S&P Mid-Cap 400 ETF 12.1 10 20 5.3 +4.7
VFMO Vanguard U.S. Momentum Factor ETF 12.0 13 17 1.4 +0.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 11.8 30 0 4.9 +4.3
XJH iShares ESG Screened S&P Mid-Cap ETF 11.4 12 18 5.4 +4.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 11.2 39 -9 3.9 +3.3
FYX First Trust Small Cap Core AlphaDEX Fund 11.1 63 -33 5.4 +4.8
IBB iShares NASDAQ Biotechnology ETF 10.9 46 -16 0.1 -0.5
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 10.9 60 -30 3.6 +3.0
PTH Invesco DWA Healthcare Momentum ETF 10.6 60 -30 -2.3 -2.9
XITK SPDR FactSet Innovative Technology ETF 10.4 45 -15 0.2 -0.3
RNMC Mid Cap US Equity Select ETF 9.9 60 -30 6.1 +5.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.5 80 -50 4.7 +4.1
SIXL 6 Meridian Low Beta Equity Strategy ETF 9.5 84 -54 4.0 +3.5
BFOR Barron's 400 ETF 9.3 65 -35 5.6 +5.0
SCHM Schwab U.S. Mid-Cap ETF 9.2 4 26 5.0 +4.4
XMMO Invesco S&P MidCap Momentum ETF 9.2 34 -4 3.4 +2.8
CSML IQ Chaikin U.S. Small Cap ETF 8.9 35 -5 2.8 +2.2
WCLD WisdomTree Cloud Computing Fund 8.9 45 -15 7.6 +7.0
HELX Franklin Genomic Advancements ETF 8.8 50 -20 -1.3 -1.8
IUSS Invesco Strategic US Small Company ETF 8.7 23 7 3.6 +3.1
MFMS Motley Fool Small-Cap Growth ETF 8.7 85 -55 0.5 -0.1
HTEC ROBO Global Healthcare Technology & Innovation ETF 8.3 68 -38 0.8 +0.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 8.2 40 -10 5.1 +4.5
SSLY Syntax Stratified SmallCap ETF 8.2 30 0 4.9 +4.3
PSC Principal U.S. Small Cap Index ETF 8.2 38 -8 4.6 +4.0
FPX First Trust US IPO Index Fund 8.0 58 -28 1.3 +0.7
XSMO Invesco S&P SmallCap Momentum ETF 8.0 39 -9 3.6 +3.0
GBGR Global Beta Momentum-Growth ETF 7.9 29 1 1.3 +0.8
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 7.8 35 -5 6.0 +5.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 7.8 35 -5 6.0 +5.4
PRN Invesco DWA Industrials Momentum ETF 7.7 60 -30 4.9 +4.3
TPSC Timothy Plan US Small Cap Core ETF 7.6 52 -22 5.7 +5.1
IEIH iShares Evolved U.S. Innovative Healthcare ETF 7.5 18 12 3.5 +3.0
IBBJ Defiance Nasdaq Junior Biotechnology ETF 7.5 45 -15 -0.6 -1.2
KOMP SPDR Kensho New Economies Composite ETF 7.4 20 10 1.6 +1.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 7.4 25 5 4.8 +4.2
PDP Invesco DWA Momentum ETF 7.4 62 -32 1.8 +1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 7.2 14 16 3.5 +2.9
SKYY First Trust Cloud Computing ETF 7.2 60 -30 2.1 +1.5
BOSS Global X Founder-Run Companies ETF 7.2 45 -15 2.7 +2.1
IGV iShares Expanded Tech-Software ETF 7.1 46 -16 2.0 +1.4
ARKG ARK Genomic Revolution ETF 7.1 75 -45 -2.1 -2.7

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 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 6.4 %
Divided by: Fwd. P/BV 7.4 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 0.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 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.