iShares Global Materials ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 22.4x P/Sales
ratio		 1.4x
P/BV
ratio		 1.7x Div.
yield		 2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares S&P Global Materials Index Fund seeks results that correspond generally to the price and yield performance of the S&P Global Materials Index.

FUND BASICS
Category Global Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Sep 15, 2006
Assets (mns) $139
Currency USD
Expense ratio 46 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 104
Wgt avg mkt cap (mns) $40,259
Large cap (>$10bn) 81.6%
Mid cap ($2-10bn) 16.5%
Small cap (<$2bn) 0.2%
Developed mkts 93.8%
Emerging mkts 6.2%

TOP TEN HOLDINGS
PRAXAIR INC 6.2 %
BHP BILLITON LTD 3.8 %
AIR LIQUIDE SA 3.6 %
ECOLAB INC 3.0 %
AIR PRODUCTS & CHEMICALS INC 3.0 %
RIO TINTO PLC 3.0 %
BASF SE 2.8 %
SHERWIN-WILLIAMS CO/THE 2.8 %
NEWMONT MINING CORP 2.7 %
SHIN-ETSU CHEMICAL CO LTD 2.6 %
Total 33.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 28.6 %
BRITAIN 16.7 %
CANADA 8.8 %
JAPAN 7.6 %
AUSTRALIA 7.4 %
SWITZERLAND 5.4 %
GERMANY 4.8 %
FRANCE 4.0 %
IRELAND 2.3 %
NETHERLANDS 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.7% 3.1% 3.0% 3.3% 3.4%

Market Correlations
versus... Beta R-squared
S&P500 1.03 81%
MSCI EAFE 1.17 90%
MSCI Emg. Mkts. 0.91 83%

Technical Indicators
Recent close $63.34
30d moving avg. $57.07
Annualized volatility 19.4%
Short interest (ETF) 0.3%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.8%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $10,103

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: MXI Expense: 46 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MXI
Ticker Fund
Name		 Overlap1
vs MXI
(%)		 Expense
ratio
(bp)		 Savings
vs MXI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs MXI
(%)
VAW Vanguard Materials Index Fund 36.5 10 36 6.0 -0.0
FMAT Fidelity MSCI Materials Index ETF 36.5 8 38 6.0 -0.1
XLB Materials Select Sector SPDR Fund 36.5 13 33 5.8 -0.3
JHMA John Hancock Multifactor Materials ETF 34.8 40 6 6.7 +0.6
RTM Invesco S&P 500 Equal Weight Materials ETF 32.8 40 6 6.1 +0.1
GNR SPDR S&P Global Natural Resources ETF 32.2 40 6 6.4 +0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 30.4 46 0 5.9 -0.2
IYM iShares U.S. Basic Materials ETF 27.4 42 4 5.4 -0.7
PICK iShares MSCI Global Metals & Mining Producers ETF 20.0 39 7 7.4 +1.4
PYZ Invesco DWA Basic Materials Momentum ETF 18.9 60 -14 5.7 -0.3
HAP VanEck Vectors Natural Resources ETF 17.5 50 -4 6.1 +0.1
GRES IQ Global Resources ETF 17.4 77 -31 7.3 +1.3
FXZ First Trust Materials AlphaDEX Fund 16.5 65 -19 7.1 +1.0
NANR SPDR S&P North American Natural Resources ETF 14.5 35 11 3.4 -2.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 12.0 20 26 9.2 +3.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.2 20 26 10.8 +4.8
IDY Pacific Global International Equity Income ETF 10.7 39 7 8.0 +1.9
BLES Inspire Global Hope Large Cap ETF 10.6 61 -15 6.2 +0.2
VOE Vanguard Mid-Cap Value Index Fund 10.5 7 39 7.7 +1.6
ISDX Invesco Strategic Developed ex-US ETF 10.4 23 23 7.4 +1.4
WWJD Inspire International ESG ETF 10.2 80 -34 7.6 +1.5
HEDJ WisdomTree Europe Hedged Equity Fund 10.1 58 -12 7.0 +0.9
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.1 45 1 9.7 +3.6
EQRR ProShares Equities for Rising Rates ETF 10.0 35 11 5.8 -0.3
INTF iShares Edge MSCI Multifactor Intl ETF 10.0 30 16 8.3 +2.3
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 9.9 75 -29 5.6 -0.5
NOBL ProShares S&P 500 Dividend Aristocrats ETF 9.9 35 11 6.0 -0.1
DAX Global X DAX Germany ETF 9.8 20 26 7.8 +1.7
IGE iShares North American Natural Resources ETF 9.8 46 0 3.8 -2.2
SGDM Sprott Gold Miners ETF 9.7 50 -4 3.1 -2.9
AXJL WisdomTree Asia Pacific ex-Japan Fund 9.0 48 -2 10.0 +4.0
EUDG WisdomTree Europe Quality Dividend Growth Fund 9.0 58 -12 6.1 +0.0
QCAN SPDR MSCI Canada Quality Mix ETF 8.8 14 32 7.0 +1.0
BBCA JPMorgan BetaBuilders Canada ETF 8.8 19 27 6.8 +0.8
EWC iShares MSCI Canada ETF 8.8 49 -3 6.6 +0.6
EWU iShares MSCI United Kingdom ETF 8.7 50 -4 6.9 +0.9
FLGB Franklin FTSE United Kingdom ETF 8.7 9 37 7.4 +1.4
JHMD John Hancock Multifactor Developed International ETF 8.6 45 1 7.4 +1.3
TPIF Timothy Plan International ETF 8.6 62 -16 7.0 +0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 8.6 65 -19 11.6 +5.5
JPEU JPMorgan Diversified Return Europe Equity ETF 8.5 37 9 6.8 +0.7
YLDE ClearBridge Dividend Strategy ESG ETF 8.5 60 -14 4.9 -1.2
DTH WisdomTree DEFA Equity Income Fund 8.1 58 -12 9.5 +3.5
EFV iShares MSCI EAFE Value ETF 8.1 39 7 10.0 +3.9
QGBR SPDR MSCI UK StrategicFactors ETF 8.0 14 32 7.5 +1.4
RING iShares MSCI Global Gold Miners ETF 8.0 39 7 3.9 -2.1
IQIN IQ 500 International ETF 8.0 25 21 8.9 +2.9
URA Global X Uranium ETF 7.8 69 -23 4.4 -1.7
FKU First Trust United Kingdom AlphaDEX Fund 7.8 80 -34 9.1 +3.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 7.8 19 27 6.9 +0.9
EPP iShares MSCI Pacific ex-Japan ETF 7.8 48 -2 6.8 +0.7
FLAU Franklin FTSE Australia ETF 7.8 9 37 6.5 +0.5
EWA iShares MSCI Australia ETF 7.8 50 -4 6.1 +0.1
IDHQ Invesco S&P International Developed High Quality ETF 7.8 29 17 5.4 -0.7
JKI iShares Morningstar Mid-Cap Value ETF 7.7 30 16 9.2 +3.2
FNDF Schwab Fundamental International Large Co. Index ETF 7.6 25 21 8.6 +2.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 7.6 45 1 8.8 +2.7
IDMO Invesco S&P International Developed Momentum ETF 7.5 25 21 4.6 -1.4
FTAG First Trust Indxx Global Agriculture ETF 7.4 70 -24 6.3 +0.2
IEV iShares Europe ETF 7.3 59 -13 6.8 +0.7
SPVU Invesco S&P 500 Enhanced Value ETF 7.3 13 33 10.6 +4.6
IVAL Alpha Architect International Quantitative Value ETF 7.3 59 -13 10.1 +4.0
JPGE JPMorgan Diversified Return Global Equity ETF 7.3 29 17 7.3 +1.2
FDVV Fidelity Core Dividend ETF 7.3 29 17 7.2 +1.1
IQDG WisdomTree International Quality Dividend Growth Fund 7.3 38 8 6.4 +0.4
FLCA Franklin FTSE Canada ETF 7.3 9 37 7.1 +1.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 7.2 58 -12 6.3 +0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.2 30 16 6.2 +0.1
PEXL Pacer US Export Leaders ETF 7.2 60 -14 6.0 -0.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.1 38 8 7.7 +1.6
DOO WisdomTree International Dividend ex-Financials Fund 7.1 58 -12 8.6 +2.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 7.0 30 16 6.8 +0.8
GCOW Pacer Global High Dividend ETF 7.0 60 -14 10.6 +4.6
RFEU First Trust Riverfront Dynamic Europe ETF 6.9 83 -37 4.9 -1.1
CUT Invesco MSCI Global Timber ETF 6.9 55 -9 9.0 +3.0
RFDI First Trust Riverfront Dynamic Developed International ETF 6.9 83 -37 6.3 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 6.8 45 1 6.7 +0.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 6.8 30 16 5.0 -1.1
BBEU JPMorgan BetaBuilders Europe ETF 6.8 9 37 7.2 +1.2
EZU iShares MSCI Eurozone ETF 6.8 49 -3 6.7 +0.7
FDT First Trust Developed Markets ex-US Alphadex Fund 6.8 80 -34 7.7 +1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.8 14 32 7.0 +0.9
MAGA Point Bridge GOP Stock Tracker ETF 6.8 72 -26 6.3 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 6.8 20 26 7.2 +1.1
KNOW Direxion All Cap Insider Sentiment Shares 6.7 59 -13 5.4 -0.7
HFXI IQ 50 Percent Hedged FTSE International ETF 6.7 20 26 7.5 +1.4
IDOG ALPS International Sector Dividend Dogs ETF 6.7 50 -4 10.9 +4.8
NUDM Nuveen ESG International Developed Markets Equity ETF 6.7 40 6 6.9 +0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 6.6 30 16 6.9 +0.9
ABEQ Absolute Core Strategy ETF 6.6 85 -39 4.7 -1.4
FLEE Franklin FTSE Europe ETF 6.5 9 37 7.0 +0.9
TPHD Timothy Plan High Dividend Stock ETF 6.5 52 -6 7.0 +1.0
DIM WisdomTree International MidCap Dividend Fund 6.5 58 -12 7.6 +1.5
FLEH Franklin FTSE Europe Hedged ETF 6.5 9 37 7.1 +1.1
SCID Global X Scientific Beta Europe ETF 6.5 38 8 6.9 +0.8
FEP First Trust Europe AlphaDEX Fund 6.4 80 -34 7.9 +1.9
IQSI IQ Candriam ESG International Equity ETF 6.4 15 31 7.3 +1.2
CIL VictoryShares International Volatility Weighted Index ETF 6.4 45 1 6.7 +0.6
EFA iShares MSCI EAFE ETF 6.3 32 14 7.1 +1.1
RBIN Nationwide Risk-Based International Equity ETF 6.3 42 4 6.4 +0.4

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

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.