iShares Edge MSCI USA Momentum Factor ETF
ALTAR
Score™
4.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
30.7x P/Sales
ratio
3.6x
P/BV
ratio
7.0x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI USA Momentum Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses.

FUND BASICS
Category US Equities
Fund Sponsor iShares/USA
Website www.ishares.com
Inception date Apr 16, 2013
Assets (mns) $12,028
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Momentum
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 125
Wgt avg mkt cap (mns) $463,003
Large cap (>$10bn) 98.9%
Mid cap ($2-10bn) 1.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.4 %
APPLE INC 6.2 %
AMAZON.COM INC 5.4 %
MICROSOFT CORP 4.8 %
NVIDIA CORP 4.7 %
JOHNSON & JOHNSON 3.9 %
ADOBE SYSTEMS INC 3.2 %
UNITEDHEALTH GROUP INC 3.1 %
NETFLIX INC 2.6 %
ALPHABET INC. CLASS C 2.3 %
Total 42.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %
BRITAIN 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.
18.4% 25.2% 18.2% -- 16.6%

Market Correlations
versus... Beta R-squared
S&P500 0.94 88%
MSCI EAFE 0.94 72%
MSCI Emg. Mkts. 0.66 58%

Technical Indicators
Recent close $147.40
30d moving avg. $146.42
Annualized volatility 17.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.5%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 822
Turnover 1.0%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $8,507

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Edge MSCI USA Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with MTUM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MTUM Expense: 15 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MTUM
Ticker Fund
Name
Overlap1
vs MTUM
(%)
Expense
ratio
(bp)
Savings
vs MTUM
(bp)
ALTAR
Score™
(%)
ALTAR
vs MTUM
(%)
SPMO Invesco S&P 500 Momentum ETF 60.7 13 2 4.7 +0.1
FDMO Fidelity Momentum Factor ETF 53.6 29 -14 3.8 -0.9
SCHG Schwab U.S. Large-Cap Growth ETF 49.5 4 11 4.8 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 47.3 60 -45 4.5 -0.1
NUSI Nationwide Risk-Managed Income ETF 46.4 68 -53 4.5 -0.2
HIPR Direxion High Growth ETF 46.3 40 -25 5.9 +1.2
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 46.3 60 -45 4.5 -0.2
QQQ Invesco QQQ Trust 46.2 20 -5 4.9 +0.3
SYG SPDR MFS Systematic Growth Equity ETF 46.1 60 -45 4.8 +0.1
IWF iShares Russell 1000 Growth ETF 46.0 19 -4 4.8 +0.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.0 12 3 5.6 +0.9
VONG Vanguard Russell 1000 Growth Index Fund 45.1 8 7 4.9 +0.2
IWY iShares Russell Top 200 Growth ETF 44.6 20 -5 5.1 +0.4
TMFC Motley Fool 100 Index ETF 43.8 50 -35 4.5 -0.2
VUG Vanguard Growth Index Fund 43.1 4 11 4.9 +0.3
MGK Vanguard Mega Cap Growth ETF 43.1 7 8 5.3 +0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 43.0 9 6 5.9 +1.3
IQSU IQ Candriam ESG US Equity ETF 42.5 9 6 5.7 +1.0
IWL iShares Russell Top 200 ETF 42.1 15 0 5.4 +0.8
VOOG Vanguard S&P 500 Growth ETF 42.0 10 5 5.2 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 42.0 60 -45 4.8 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 41.9 0 15 5.6 +0.9
IVW iShares S&P 500 Growth ETF 41.5 18 -3 5.1 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 41.5 4 11 5.2 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 41.5 30 -15 6.8 +2.1
ESGV Vanguard ESG U.S. Stock ETF 41.5 12 3 5.5 +0.9
IUSG iShares Core S&P US Growth ETF 40.8 4 11 5.2 +0.6
ESGU iShares MSCI USA ESG Optimized ETF 40.6 15 0 5.5 +0.8
MGC Vanguard Mega Cap Index Fund 40.5 7 8 5.6 +0.9
SFY SoFi Select 500 ETF 40.4 0 15 5.4 +0.7
VEGN US Vegan Climate ETF 40.4 60 -45 5.4 +0.8
IGM iShares Expanded Tech Sector ETF 40.0 46 -31 4.6 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 40.0 27 -12 5.4 +0.8
AFLG First Trust Active Factor Large Cap ETF 40.0 55 -40 5.9 +1.3
PBUS Invesco PureBeta MSCI USA ETF 40.0 4 11 5.6 +0.9
JMOM JPMorgan U.S. Momentum Factor ETF 39.8 12 3 3.5 -1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.6 20 -5 5.3 +0.7
TECB iShares US Tech Breakthrough Multisector ETF 39.6 40 -25 4.4 -0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 39.5 7 8 5.6 +1.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 39.4 2 13 5.6 +1.0
PBP Invesco S&P 500 BuyWrite ETF 39.4 49 -34 5.3 +0.7
SCHX Schwab U.S. Large-Cap ETF 39.2 3 12 5.5 +0.9
EFIV SPDR S&P 500 ESG ETF 39.2 10 5 5.6 +0.9
SPXE ProShares S&P 500 Ex-Energy ETF 39.2 27 -12 5.7 +1.0
VV Vanguard Large-Cap Index Fund 39.1 4 11 5.6 +0.9
SNPE Xtrackers S&P 500 ESG ETF 39.1 10 5 5.6 +1.0
IETC iShares Evolved U.S. Technology ETF 39.0 18 -3 5.1 +0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 38.9 20 -5 5.7 +1.1
HSPX Global X S&P 500 Covered Call ETF 38.8 60 -45 5.3 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 38.8 75 -60 4.8 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 38.8 60 -45 5.3 +0.7
OEF iShares S&P 100 ETF 38.7 20 -5 5.4 +0.7
IVV iShares Core S&P 500 ETF 38.7 3 12 5.8 +1.1
PWB Invesco Dynamic Large Cap Growth ETF 38.6 56 -41 3.6 -1.1
SPY SPDR S&P 500 ETF Trust 38.6 9 6 5.7 +1.1
SPLG SPDR Portfolio Large Cap ETF 38.5 3 12 5.8 +1.1
GBGR Global Beta Momentum-Growth ETF 38.5 29 -14 6.2 +1.5
JKE iShares Morningstar Large-Cap Growth ETF 38.4 25 -10 2.9 -1.8
IWB iShares Russell 1000 ETF 38.4 15 0 5.5 +0.8
SCHK Schwab 1000 Index ETF 38.4 5 10 5.6 +0.9
XLG Invesco S&P 500 Top 50 ETF 38.2 20 -5 5.3 +0.6
IYY iShares Dow Jones U.S. ETF 38.1 20 -5 5.4 +0.8
VOO VANGUARD S&P 500 ETF 38.0 3 12 5.8 +1.2
VONE Vanguard Russell 1000 ETF 37.9 8 7 5.5 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 37.9 29 -14 5.5 +0.9
ESG FlexShares STOXX US ESG Impact Index Fund 37.5 32 -17 5.4 +0.7
VTHR Vanguard Russell 3000 Index Fund 37.1 10 5 5.4 +0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.6 75 -60 4.0 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 36.5 3 12 5.9 +1.2
SCHB Schwab U.S. Broad Market ETF 36.5 3 12 5.5 +0.8
IWV iShares Russell 3000 ETF 36.5 20 -5 5.3 +0.6
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 36.4 21 -6 3.4 -1.3
ITOT iShares Core S&P Total U.S. Stock Market ETF 36.3 3 12 5.4 +0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 36.2 49 -34 5.0 +0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.9 12 3 4.9 +0.2
SFYF SoFi 50 ETF 35.7 29 -14 2.5 -2.1
AIEQ AI Powered Equity ETF 35.6 87 -72 3.0 -1.7
EXT WisdomTree U.S. Total Earnings Fund 35.4 28 -13 5.9 +1.2
IYW iShares U.S. Technology ETF 35.3 43 -28 5.6 +1.0
VTI Vanguard Total Stock Market Index Fund 35.1 3 12 5.4 +0.8
QLC FlexShares US Quality Large Cap Index Fund 35.1 32 -17 5.6 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 34.8 75 -60 5.2 +0.6
ADME Aptus Drawdown Managed Equity ETF 34.8 79 -64 4.0 -0.7
ECOZ TrueMark ESG Active Opportunities ETF 34.6 58 -43 3.9 -0.8
MMLG First Trust Multi-Manager Large Growth ETF 34.6 85 -70 2.4 -2.2
SYE SPDR MFS Systematic Core Equity ETF 34.3 60 -45 6.2 +1.6
SPHQ Invesco S&P 500 Quality ETF 34.1 15 0 5.0 +0.3
FCPI Fidelity Stocks for Inflation ETF 34.1 29 -14 6.7 +2.1
VFMO Vanguard U.S. Momentum Factor ETF 33.9 13 2 0.8 -3.8
XNTK SPDR NYSE Technology ETF 33.7 35 -20 3.7 -1.0
SPXV ProShares S&P 500 Ex-Health Care ETF 33.6 27 -12 5.5 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 33.4 10 5 5.3 +0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 33.4 10 5 5.2 +0.6
RECS Columbia Research Enhanced Core ETF 33.3 15 0 6.1 +1.5
HLAL Wahed FTSE USA Shariah ETF 33.0 50 -35 5.7 +1.0
ACIO Aptus Collared Income Opportunity ETF 32.8 79 -64 4.8 +0.2
SPQQ Siren Large Cap Blend Index ETF 32.8 20 -5 5.0 +0.3
FMK First Trust Mega Cap AlphaDEX Fund 32.6 70 -55 4.7 +0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 32.4 19 -4 6.5 +1.8
FQAL Fidelity Quality Factor ETF 32.1 29 -14 5.9 +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 Edge MSCI USA Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 28.9 %
Divided by: Fwd. P/BV 6.0 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.