iShares Morningstar Small-Cap Growth ETF
ALTAR
Score™
1.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
99.5x P/Sales
ratio
3.7x
P/BV
ratio
4.8x Div.
yield
0.4%


  • 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) $223
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 238
Wgt avg mkt cap (mns) $4,373
Large cap (>$10bn) 2.3%
Mid cap ($2-10bn) 91.2%
Small cap (<$2bn) 6.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
QUIDEL CORP 1.2 %
ALTERYX, INC. CLASS A 1.2 %
CHEGG INC 1.1 %
TREX COMPANY INC 1.0 %
CARVANA CO. CLASS A 1.0 %
SOLAREDGE TECHNOLOGIES, INC. 1.0 %
FIVE9 INC 1.0 %
AMEDISYS INC 0.9 %
GRUBHUB INC 0.9 %
AXON ENTERPRISE INC 0.9 %
Total 10.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.8 %
NETHERLANDS 0.5 %
CAYMAN ISLANDS 0.5 %
SWITZERLAND 0.4 %
BRITAIN 0.3 %
IRELAND 0.3 %





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.
4.4% 8.9% 9.4% 14.0% 9.8%

Market Correlations
versus... Beta R-squared
S&P500 1.20 83%
MSCI EAFE 1.14 65%
MSCI Emg. Mkts. 0.80 50%

Technical Indicators
Recent close $222.97
30d moving avg. $216.04
Annualized volatility 22.4%
Short interest (ETF) 1.4%
Short interest (Underlying) 8.8%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.8%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $12,508

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
(%)
VTWG Vanguard Russell 2000 Growth Index Fund 42.3 15 15 0.8 -0.4
IWO iShares Russell 2000 Growth ETF 42.1 24 6 0.8 -0.4
FNY First Trust Mid Cap Growth AlphaDEX Fund 41.0 70 -40 2.1 +1.0
JHSC John Hancock Multifactor Small Cap ETF 36.3 42 -12 6.0 +4.8
BKSE BNY Mellon US Small Cap Core Equity ETF 34.9 4 26 5.7 +4.6
VBK Vanguard Small-Cap Growth Index Fund 29.9 7 23 2.4 +1.3
VTWO Vanguard Russell 2000 Index Fund 27.2 10 20 3.7 +2.6
SCHA Schwab U.S. Small-Cap ETF 26.4 4 26 4.7 +3.6
IWM iShares Russell 2000 ETF 23.6 19 11 3.7 +2.5
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 23.4 17 13 5.2 +4.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 23.4 20 10 6.0 +4.9
FNX First Trust Mid Cap Core AlphaDEX Fund 22.8 61 -31 6.4 +5.3
AFSM First Trust Active Factor Small Cap ETF 22.8 75 -45 5.7 +4.6
PBSM Invesco PureBeta MSCI USA Small Cap ETF 22.6 6 24 5.4 +4.3
MDYG SPDR S&P 400 Mid Cap Growth ETF 22.5 15 15 5.0 +3.9
IJK iShares S&P Mid-Cap 400 Growth ETF 22.5 24 6 4.9 +3.8
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.0 35 -5 6.4 +5.3
NUSC Nuveen ESG Small-Cap ETF 21.9 40 -10 5.4 +4.3
VIOO Vanguard S&P Small-Cap 600 ETF 21.7 10 20 7.3 +6.1
SFYX Sofi Next 500 ETF 21.6 0 30 6.0 +4.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 20.6 16 14 5.2 +4.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.6 29 1 5.7 +4.5
SPSM SPDR Portfolio Small Cap ETF 20.2 5 25 7.2 +6.1
IJR iShares Core S&P Small Cap ETF 20.2 7 23 7.2 +6.0
SLY SPDR S&P 600 Small Cap ETF 20.2 15 15 7.1 +6.0
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 19.9 15 15 5.0 +3.8
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.9 66 -36 2.5 +1.4
IJT iShares S&P Small-Cap 600 Growth ETF 19.1 25 5 5.2 +4.0
SLYG SPDR S&P 600 Small Cap Growth ETF 19.1 15 15 5.3 +4.2
VB Vanguard Small-Cap ETF 18.8 5 25 5.4 +4.3
FYC First Trust Small Cap Growth AlphaDEX Fund 17.7 70 -40 2.5 +1.4
FSMD Fidelity Small-Mid Factor ETF 17.4 29 1 7.1 +6.0
ISMD Inspire Small/Mid Cap Impact ETF 17.4 60 -30 6.6 +5.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 16.8 30 0 5.7 +4.6
RFG Invesco S&P Midcap 400 Pure Growth ETF 16.8 35 -5 4.0 +2.8
DWAS Invesco DWA SmallCap Momentum ETF 16.8 60 -30 -1.1 -2.2
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 16.3 24 6 7.3 +6.2
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 16.0 30 0 7.9 +6.7
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 16.0 7 23 5.5 +4.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 15.6 39 -9 4.2 +3.1
BTEC Principal Healthcare Innovators Index ETF 15.3 42 -12 -2.4 -3.5
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 15.2 29 1 1.8 +0.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.2 40 -10 7.3 +6.2
MDY SPDR S&P Midcap 400 ETF Trust 15.1 23 7 6.5 +5.4
IJH iShares Core S&P Mid-Cap ETF 15.0 6 24 6.7 +5.5
SPMD SPDR Portfolio Mid Cap ETF 15.0 5 25 6.7 +5.6
SMDY Syntax Stratified MidCap ETF 14.9 30 0 6.4 +5.3
VXF Vanguard Extended Market Index Fund 14.3 7 23 3.8 +2.7
XSW SPDR S&P Software & Services ETF 13.9 35 -5 4.0 +2.9
IVOO Vanguard S&P Mid-Cap 400 ETF 13.4 10 20 6.5 +5.4
FYX First Trust Small Cap Core AlphaDEX Fund 13.2 63 -33 6.7 +5.5
VFMO Vanguard U.S. Momentum Factor ETF 13.1 13 17 1.2 +0.0
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 12.9 20 10 4.7 +3.6
AFMC First Trust Active Factor Mid Cap ETF 12.8 65 -35 6.4 +5.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 12.7 35 -5 6.0 +4.9
EZM WisdomTree U.S. MidCap Earnings Fund 12.0 38 -8 9.3 +8.2
XMMO Invesco S&P MidCap Momentum ETF 11.3 39 -9 4.7 +3.6
IUSS Invesco Strategic US Small Company ETF 11.3 23 7 5.5 +4.4
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 11.1 35 -5 8.4 +7.2
PSC Principal U.S. Small Cap Index ETF 11.0 38 -8 7.1 +6.0
TPSC Timothy Plan US Small Cap Core ETF 10.8 52 -22 8.4 +7.2
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 10.6 40 -10 6.8 +5.7
XBI SPDR S&P BIOTECH ETF 10.3 35 -5 -2.5 -3.6
XITK SPDR FactSet Innovative Technology ETF 10.3 45 -15 0.3 -0.8
SSLY Syntax Stratified SmallCap ETF 10.0 30 0 6.3 +5.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 9.7 25 5 6.8 +5.7
BOSS Global X Founder-Run Companies ETF 9.6 45 -15 3.7 +2.6
IBB iShares NASDAQ Biotechnology ETF 9.6 47 -17 0.2 -1.0
RNMC Mid Cap US Equity Select ETF 9.3 60 -30 7.8 +6.7
BFOR Barron's 400 ETF 9.2 65 -35 6.4 +5.3
PXSG Invesco S&P SmallCap Momentum ETF 9.2 39 -9 5.1 +3.9
CSML IQ Chaikin U.S. Small Cap ETF 9.1 35 -5 4.2 +3.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 9.1 35 -5 8.3 +7.2
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 8.3 48 -18 5.8 +4.6
PLCY EventShares U.S. Legislative Opportunities ETF 8.2 75 -45 3.7 +2.6
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 8.1 80 -50 5.7 +4.5
QMOM Alpha Architect U.S. Quantitative Momentum ETF 8.0 49 -19 2.2 +1.1
XHE SPDR S&P Health Care Equipment ETF 8.0 35 -5 1.7 +0.5
KOMP SPDR Kensho New Economies Composite ETF 7.9 20 10 2.6 +1.4
XSLV Invesco S&P SmallCap Low Volatility ETF 7.8 25 5 6.0 +4.9
SKYY First Trust Cloud Computing ETF 7.7 60 -30 2.2 +1.0
IEIH iShares Evolved U.S. Innovative Healthcare ETF 7.6 18 12 2.9 +1.8
EQWM Invesco S&P MidCap Quality ETF 7.4 25 5 6.5 +5.3
IWP iShares Russell Mid-Cap Growth ETF 7.4 24 6 4.1 +3.0
HTEC ROBO Global Healthcare Technology & Innovation ETF 7.4 68 -38 0.2 -1.0
MFMS Motley Fool Small-Cap Growth ETF 7.3 85 -55 -1.9 -3.0
GDNA Goldman Sachs Motif Human Evolution ETF 7.3 50 -20 0.3 -0.9
TUSA First Trust Total US Market AlphaDEX ETF 7.2 70 -40 6.0 +4.9
IFLY ETFMG Drone Economy Strategy ETF 7.2 68 -38 2.0 +0.9
SCHM Schwab U.S. Mid-Cap ETF 7.2 4 26 6.3 +5.2
USMF WisdomTree U.S. Multifactor Fund 7.1 28 2 5.5 +4.3
XSHQ Invesco S&P SmallCap Quality ETF 7.1 29 1 6.7 +5.6
FPX First Trust US IPO Index Fund 7.0 58 -28 2.6 +1.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 6.9 20 10 9.6 +8.4
VFLQ Vanguard U.S. Liquidity Factor ETF 6.9 14 16 4.7 +3.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 6.7 12 18 7.9 +6.8
VTWV Vanguard Russell 2000 Value Index Fund 6.7 15 15 7.5 +6.4
EQAL Invesco Russell 1000 Equal Weight ETF 6.7 20 10 5.7 +4.6
IGV iShares North American Tech-Software ETF 6.7 46 -16 2.4 +1.3
VBR Vanguard Small Cap Value Index Fund 6.6 7 23 8.5 +7.3

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 6.7 %
Divided by: Fwd. P/BV 4.6 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
1.46 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.