iShares Morningstar Small Cap Value ETF
ALTAR
Score™
7.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
52.7x P/Sales
ratio
1.0x
P/BV
ratio
1.5x Div.
yield
2.3%


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

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 28, 2004
Assets (mns) $345
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 235
Wgt avg mkt cap (mns) $4,785
Large cap (>$10bn) 0.4%
Mid cap ($2-10bn) 96.9%
Small cap (<$2bn) 1.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DEVON ENERGY CORPORATION 1.2 %
AMERICAN AIRLINES GROUP INC 1.0 %
DIAMONDBACK ENERGY INC 1.0 %
TAPESTRY, INC. 1.0 %
COMERICA INC 0.9 %
BUILDERS FIRSTSOURCE INC 0.9 %
FIRST HORIZON NATIONAL CORP 0.9 %
ZIONS BANCORPORATION 0.8 %
NORWEGIAN CRUISE LINE HOLDIN 0.8 %
NIELSEN HOLDINGS PLC 0.8 %
Total 9.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 90.0 %
BERMUDA 2.1 %
BRITAIN 1.2 %
CAYMAN ISLANDS 0.5 %
CANADA 0.5 %
IRELAND 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.
0.8% 0.8% 6.7% 8.0% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.43 82%
MSCI EAFE 1.43 81%
MSCI Emg. Mkts. 1.16 69%

Technical Indicators
Recent close $149.99
30d moving avg. $142.10
Annualized volatility 29.6%
Short interest (ETF) 0.2%
Short interest (Underlying) 6.1%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $15,552

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares Morningstar Small Cap Value ETF ETF based on the alternatives' overlap in portfolio holdings with JKL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: JKL Expense: 30 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH JKL
Ticker Fund
Name
Overlap1
vs JKL
(%)
Expense
ratio
(bp)
Savings
vs JKL
(bp)
ALTAR
Score™
(%)
ALTAR
vs JKL
(%)
MDYV SPDR S&P 400 Mid Cap Value ETF 43.4 15 15 6.9 -0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 43.4 18 12 6.9 -0.7
FNK First Trust Mid Cap Value AlphaDEX Fund 37.2 70 -40 7.8 +0.2
EZM WisdomTree U.S. MidCap Earnings Fund 35.8 38 -8 7.6 +0.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 35.2 15 15 6.7 -0.8
EWMC Invesco S&P MidCap 400 Equal Weight ETF 31.5 40 -10 5.7 -1.9
RWK Invesco S&P MidCap 400 Revenue ETF 31.2 39 -9 6.4 -1.2
BKSE BNY Mellon US Small Cap Core Equity ETF 31.1 4 26 4.7 -2.9
VBR Vanguard Small Cap Value Index Fund 30.4 7 23 6.4 -1.1
DON WisdomTree U.S. MidCap Dividend Fund 28.5 38 -8 6.7 -0.9
AVUV Avantis U.S. Small Cap Value ETF 28.4 25 5 6.4 -1.2
JHSC John Hancock Multifactor Small Cap ETF 28.0 42 -12 4.6 -3.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 27.7 20 10 7.1 -0.5
FNX First Trust Mid Cap Core AlphaDEX Fund 26.9 61 -31 5.1 -2.5
RFV Invesco S&P Midcap 400 Pure Value ETF 26.4 35 -5 8.9 +1.4
SMDY Syntax Stratified MidCap ETF 25.6 30 0 5.2 -2.4
RNMC Mid Cap US Equity Select ETF 24.8 60 -30 6.1 -1.5
MDY SPDR S&P Midcap 400 ETF Trust 24.5 23 7 5.2 -2.4
SPMD SPDR Portfolio Mid Cap ETF 24.5 5 25 5.4 -2.2
IJH iShares Core S&P Mid-Cap ETF 24.4 5 25 5.4 -2.2
IVOO Vanguard S&P Mid-Cap 400 ETF 23.3 10 20 5.3 -2.2
PSC Principal U.S. Small Cap Index ETF 21.1 38 -8 4.6 -3.0
ONEY SPDR Russell 1000 Yield Focus ETF 20.7 20 10 7.2 -0.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 20.7 7 23 3.9 -3.7
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 20.2 30 0 6.1 -1.5
VFVA Vanguard U.S. Value Factor ETF 19.5 14 16 8.5 +0.9
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 19.4 17 13 4.1 -3.5
IWN iShares Russell 2000 Value ETF 19.0 24 6 5.1 -2.5
AFMC First Trust Active Factor Mid Cap ETF 18.9 65 -35 5.3 -2.3
FAB First Trust Multi Cap Value AlphaDEX Fund 18.8 71 -41 7.5 -0.1
PBSM Invesco PureBeta MSCI USA Small Cap ETF 18.8 6 24 4.1 -3.5
XMVM Invesco S&P MidCap Value with Momentum ETF 18.1 39 -9 8.2 +0.6
NUSC Nuveen ESG Small-Cap ETF 18.0 40 -10 4.0 -3.5
VUSE Vident Core US Equity Fund 17.3 48 -18 7.4 -0.2
AUSF Global X Adaptive U.S. Factor ETF 17.1 27 3 8.0 +0.5
JDIV JPMorgan U.S. Dividend ETF 17.1 12 18 6.7 -0.8
SCHA Schwab U.S. Small-Cap ETF 16.8 4 26 3.6 -3.9
VB Vanguard Small-Cap ETF 16.4 5 25 4.5 -3.1
VTWV Vanguard Russell 2000 Value Index Fund 16.0 15 15 5.2 -2.4
RNSC Small Cap US Equity Select ETF 16.0 60 -30 6.0 -1.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 15.1 25 5 4.8 -2.8
SFYX Sofi Next 500 ETF 14.8 0 30 4.9 -2.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 14.2 29 1 6.1 -1.5
EQAL Invesco Russell 1000 Equal Weight ETF 13.9 20 10 5.0 -2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 13.8 24 6 5.5 -2.1
FSMD Fidelity Small-Mid Factor ETF 13.4 29 1 5.3 -2.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 13.2 24 6 5.0 -2.6
KBE SPDR S&P Bank ETF 13.1 35 -5 8.1 +0.5
FXO First Trust Financials AlphaDEX Fund 13.1 63 -33 9.1 +1.5
JVAL JPMorgan U.S. Value Factor ETF 13.0 12 18 7.2 -0.4
STMB iShares Factors US Mid Blend Style ETF 12.9 30 0 5.0 -2.6
SCHM Schwab U.S. Mid-Cap ETF 12.8 4 26 5.0 -2.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 12.4 25 5 5.0 -2.6
FYX First Trust Small Cap Core AlphaDEX Fund 12.4 63 -33 5.5 -2.1
ALTL Pacer Lunt Large Cap Alternator ETF 12.1 60 -30 5.5 -2.0
SPHB Invesco S&P 500 High Beta ETF 12.1 25 5 5.9 -1.7
FYT First Trust Small Cap Value AlphaDEX Fund 11.9 72 -42 8.0 +0.4
PY Principal Shareholder Yield Index ETF 11.9 15 15 7.9 +0.3
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 11.6 60 -30 6.2 -1.4
IUSS Invesco Strategic US Small Company ETF 11.6 23 7 3.7 -3.9
KRE SPDR S&P Regional Banking ETF 11.4 35 -5 7.3 -0.2
DVY iShares Select Dividend ETF 11.4 39 -9 8.0 +0.4
COWZ Pacer US Cash Cows 100 ETF 11.3 49 -19 10.3 +2.8
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 11.3 29 1 4.3 -3.3
VTWO Vanguard Russell 2000 Index Fund 11.1 10 20 2.7 -4.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 11.0 29 1 6.0 -1.5
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 10.9 35 -5 6.0 -1.5
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 10.9 35 -5 6.0 -1.5
IAT iShares U.S. Regional Banks ETF 10.8 42 -12 7.8 +0.2
GBDV Global Beta Smart Income ETF 10.7 29 1 8.3 +0.7
SYLD Cambria Shareholder Yield ETF 10.6 59 -29 7.2 -0.4
TPSC Timothy Plan US Small Cap Core ETF 10.5 52 -22 5.7 -1.8
IWM iShares Russell 2000 ETF 10.4 19 11 2.5 -5.0
SMMD iShares Russell 2500 ETF 10.4 15 15 4.7 -2.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.0 80 -50 4.7 -2.8
ISMD Inspire Small/Mid Cap Impact ETF 9.7 60 -30 4.3 -3.2
IWS iShares Russell Mid-Cap Value ETF 9.7 24 6 6.0 -1.6
RDIV Invesco S&P Ultra Dividend Revenue ETF 9.3 39 -9 8.7 +1.2
RYJ Invesco Raymond James SB-1 Equity ETF 9.2 76 -46 3.7 -3.9
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 9.2 48 -18 5.6 -2.0
VXF Vanguard Extended Market Index Fund 9.0 6 24 2.5 -5.1
IFRA iShares U.S. Infrastructure ETF 9.0 40 -10 4.9 -2.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 8.7 20 10 3.9 -3.7
STLV iShares Factors US Value Style ETF 8.7 25 5 6.5 -1.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 8.7 20 10 6.2 -1.4
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 8.7 9 21 3.3 -4.2
AFSM First Trust Active Factor Small Cap ETF 8.6 77 -47 4.4 -3.1
CSML IQ Chaikin U.S. Small Cap ETF 8.5 35 -5 2.8 -4.7
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.4 35 -5 7.1 -0.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 8.4 15 15 4.2 -3.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 8.4 20 10 3.7 -3.9
TUSA First Trust Total US Market AlphaDEX ETF 8.2 70 -40 4.8 -2.8
FOVL iShares Focused Value Factor ETF 8.1 25 5 7.7 +0.1
VALQ American Century STOXX U.S. Quality Value ETF 8.0 29 1 7.9 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 7.9 18 12 5.6 -2.0
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 7.8 12 18 6.1 -1.5
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 7.7 41 -11 5.4 -2.2
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 7.6 35 -5 5.0 -2.6

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.