iShares Morningstar Small-Cap Growth ETF
ALTAR
Score™
1.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
83.0x P/Sales
ratio
3.8x
P/BV
ratio
5.3x 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) $261
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 237
Wgt avg mkt cap (mns) $4,643
Large cap (>$10bn) 6.7%
Mid cap ($2-10bn) 81.3%
Small cap (<$2bn) 6.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MATCH GROUP, INC. 3.2 %
DATADOG INC CLASS A 1.9 %
CARVANA CO. CLASS A 1.4 %
SOLAREDGE TECHNOLOGIES, INC. 1.3 %
ENPHASE ENERGY INC 1.1 %
ELDORADO RESORTS INC 1.0 %
LIVONGO HEALTH, INC. 1.0 %
CHEGG INC 1.0 %
FIVE9 INC 1.0 %
TREX COMPANY INC 0.9 %
Total 13.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
SWITZERLAND 0.6 %
NETHERLANDS 0.5 %
CAYMAN ISLANDS 0.4 %
BRITAIN 0.3 %
IRELAND 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
12.2% 22.3% 13.7% 13.3% 10.2%

Market Correlations
versus... Beta R-squared
S&P500 1.15 82%
MSCI EAFE 1.13 66%
MSCI Emg. Mkts. 0.81 53%

Technical Indicators
Recent close $237.57
30d moving avg. $235.15
Annualized volatility 22.5%
Short interest (ETF) 1.5%
Short interest (Underlying) 8.8%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $3,611

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 1.1%


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
(%)
IWO iShares Russell 2000 Growth ETF 42.0 24 6 -0.1 -1.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 39.3 70 -40 2.1 +1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 38.7 4 26 5.9 +4.8
VTWG Vanguard Russell 2000 Growth Index Fund 36.9 15 15 0.1 -1.0
JHSC John Hancock Multifactor Small Cap ETF 32.7 42 -12 5.9 +4.8
VBK Vanguard Small-Cap Growth Index Fund 31.3 7 23 2.4 +1.3
IJK iShares S&P Mid-Cap 400 Growth ETF 26.3 24 6 5.1 +4.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 26.2 15 15 5.2 +4.1
SCHA Schwab U.S. Small-Cap ETF 26.1 4 26 5.0 +3.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 24.4 15 15 5.1 +4.0
IWM iShares Russell 2000 ETF 23.8 19 11 3.5 +2.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 23.7 17 13 5.0 +3.9
PBSM Invesco PureBeta MSCI USA Small Cap ETF 23.2 6 24 5.4 +4.3
VTWO Vanguard Russell 2000 Index Fund 23.1 10 20 3.8 +2.7
FNX First Trust Mid Cap Core AlphaDEX Fund 22.6 61 -31 6.7 +5.6
AFSM First Trust Active Factor Small Cap ETF 22.5 75 -45 5.7 +4.6
SFYX Sofi Next 500 ETF 21.8 0 30 6.0 +4.9
NUSC Nuveen ESG Small-Cap ETF 20.7 40 -10 5.0 +3.9
FSMD Fidelity Small-Mid Factor ETF 20.4 29 1 6.5 +5.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.0 29 1 5.3 +4.2
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 19.5 20 10 5.1 +4.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.2 66 -36 2.4 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 18.7 7 23 5.3 +4.3
VB Vanguard Small-Cap ETF 18.6 5 25 5.5 +4.4
RFG Invesco S&P Midcap 400 Pure Growth ETF 18.4 35 -5 4.1 +3.0
FYC First Trust Small Cap Growth AlphaDEX Fund 18.2 70 -40 2.0 +0.9
IJH iShares Core S&P Mid-Cap ETF 17.6 5 25 6.8 +5.8
DWAS Invesco DWA SmallCap Momentum ETF 17.6 60 -30 -2.1 -3.2
MDY SPDR S&P Midcap 400 ETF Trust 17.6 23 7 6.7 +5.6
SPMD SPDR Portfolio Mid Cap ETF 17.5 5 25 6.8 +5.7
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 17.3 35 -5 6.2 +5.1
VIOO Vanguard S&P Small-Cap 600 ETF 17.2 10 20 7.3 +6.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 16.5 29 1 0.2 -0.9
EWMC Invesco S&P MidCap 400 Equal Weight ETF 16.4 40 -10 7.6 +6.6
VIOG Vanguard S&P Small-Cap 600 Growth ETF 16.3 16 14 5.6 +4.5
SMDY Syntax Stratified MidCap ETF 16.3 30 0 7.0 +5.9
SPSM SPDR Portfolio Small Cap ETF 16.0 5 25 7.4 +6.3
IJR iShares Core S&P Small Cap ETF 16.0 6 24 7.4 +6.3
SLY SPDR S&P 600 Small Cap ETF 16.0 15 15 7.3 +6.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 16.0 24 6 6.7 +5.6
ISMD Inspire Small/Mid Cap Impact ETF 15.8 60 -30 6.4 +5.3
IVOO Vanguard S&P Mid-Cap 400 ETF 15.7 10 20 6.6 +5.5
BTEC Principal Healthcare Innovators Index ETF 15.6 42 -12 -2.3 -3.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 15.3 39 -9 4.8 +3.7
SLYG SPDR S&P 600 Small Cap Growth ETF 15.2 15 15 5.6 +4.5
IJT iShares S&P Small-Cap 600 Growth ETF 15.2 25 5 5.5 +4.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 15.1 30 0 5.8 +4.7
XSW SPDR S&P Software & Services ETF 15.0 35 -5 4.6 +3.5
XMMO Invesco S&P MidCap Momentum ETF 14.4 34 -4 4.0 +2.9
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 14.3 30 0 7.9 +6.8
AFMC First Trust Active Factor Mid Cap ETF 14.1 65 -35 6.5 +5.4
FYX First Trust Small Cap Core AlphaDEX Fund 14.1 63 -33 6.5 +5.4
VXF Vanguard Extended Market Index Fund 13.9 6 24 3.6 +2.5
SCHM Schwab U.S. Mid-Cap ETF 12.7 4 26 6.2 +5.1
EZM WisdomTree U.S. MidCap Earnings Fund 12.6 38 -8 9.2 +8.1
VFMO Vanguard U.S. Momentum Factor ETF 12.6 13 17 0.8 -0.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 12.2 20 10 4.8 +3.7
FPX First Trust US IPO Index Fund 11.2 58 -28 1.5 +0.4
IUSS Invesco Strategic US Small Company ETF 11.2 23 7 5.4 +4.3
BFOR Barron's 400 ETF 10.6 65 -35 6.7 +5.6
IBBJ Defiance Nasdaq Junior Biotechnology ETF 10.4 45 -15 -2.2 -3.3
IBB iShares NASDAQ Biotechnology ETF 10.4 46 -16 0.5 -0.6
TPSC Timothy Plan US Small Cap Core ETF 10.2 52 -22 8.4 +7.4
PSC Principal U.S. Small Cap Index ETF 10.1 38 -8 7.1 +6.0
RZG Invesco S&P Smallcap 600 Pure Growth ETF 9.9 35 -5 6.1 +5.0
XBI SPDR S&P BIOTECH ETF 9.9 35 -5 -2.3 -3.3
XITK SPDR FactSet Innovative Technology ETF 9.8 45 -15 0.4 -0.7
FNDA Schwab Fundamental U.S. Small Co. Index ETF 9.6 25 5 7.7 +6.6
IWP iShares Russell Mid-Cap Growth ETF 9.5 24 6 3.0 +1.9
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 9.3 40 -10 7.7 +6.6
JHMC John Hancock Multifactor Consumer Discretionary ETF 9.0 40 -10 4.0 +2.9
RNMC Mid Cap US Equity Select ETF 8.9 60 -30 7.8 +6.7
BOSS Global X Founder-Run Companies ETF 8.8 45 -15 3.4 +2.3
SSLY Syntax Stratified SmallCap ETF 8.8 30 0 6.9 +5.8
IFLY ETFMG Drone Economy Strategy ETF 8.6 68 -38 2.8 +1.7
SKYY First Trust Cloud Computing ETF 8.5 60 -30 2.5 +1.4
CSML IQ Chaikin U.S. Small Cap ETF 8.4 35 -5 4.1 +3.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.3 80 -50 5.9 +4.8
QGRO American Century STOXX U.S. Quality Growth ETF 8.2 29 1 3.8 +2.7
IEIH iShares Evolved U.S. Innovative Healthcare ETF 8.0 18 12 3.3 +2.2
WCLD WisdomTree Cloud Computing Fund 8.0 45 -15 9.3 +8.2
GDNA Goldman Sachs Motif Human Evolution ETF 8.0 50 -20 0.6 -0.5
PXSG Invesco S&P SmallCap Momentum ETF 8.0 39 -9 3.9 +2.8
BUYZ Franklin Disruptive Commerce ETF 7.9 50 -20 -0.2 -1.2
SLT Salt TruBeta High Exposure ETF 7.9 29 1 3.9 +2.8
HTEC ROBO Global Healthcare Technology & Innovation ETF 7.8 68 -38 0.2 -0.9
USMF WisdomTree U.S. Multifactor Fund 7.8 28 2 5.8 +4.7
KOMP SPDR Kensho New Economies Composite ETF 7.8 20 10 2.4 +1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 7.6 14 16 4.3 +3.2
FXL First Trust Technology AlphaDEX Fund 7.5 61 -31 3.4 +2.4
JHMM John Hancock Multifactor Mid Cap ETF 7.5 42 -12 5.7 +4.6
SMMD iShares Russell 2500 ETF 7.4 15 15 6.0 +4.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 7.4 35 -5 8.3 +7.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 7.3 64 -34 5.7 +4.6
XHE SPDR S&P Health Care Equipment ETF 7.3 35 -5 1.7 +0.6
VFQY Vanguard U.S. Quality Factor ETF 7.2 13 17 6.6 +5.6
TUSA First Trust Total US Market AlphaDEX ETF 7.2 70 -40 6.0 +4.9
QMOM Alpha Architect U.S. Quantitative Momentum ETF 7.1 49 -19 1.4 +0.3
XSLV Invesco S&P SmallCap Low Volatility ETF 7.0 25 5 5.8 +4.7
EQWM Invesco S&P MidCap Quality ETF 6.8 25 5 6.6 +5.5

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 6.9 %
Divided by: Fwd. P/BV 5.0 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 1.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 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.