iShares Global Materials ETF
ALTAR
Score™
4.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
25.6x P/Sales
ratio
1.8x
P/BV
ratio
2.2x Div.
yield
2.3%


  • 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 12, 2006
Assets (mns) $636
Currency USD
Expense ratio 45 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 102
Wgt avg mkt cap (mns) $53,718
Large cap (>$10bn) 90.5%
Mid cap ($2-10bn) 7.1%
Small cap (<$2bn) 0.0%
Developed mkts 92.3%
Emerging mkts 7.7%

TOP TEN HOLDINGS
PRAXAIR INC 5.4 %
BHP BILLITON LTD 4.3 %
RIO TINTO PLC 3.6 %
AIR LIQUIDE SA 3.0 %
BASF SE 3.0 %
SHIN-ETSU CHEMICAL CO LTD 2.9 %
AIR PRODUCTS & CHEMICALS INC 2.6 %
BHP BILLITON PLC 2.5 %
DOW CHEMICAL 2.5 %
SHERWIN-WILLIAMS CO/THE 2.4 %
Total 32.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 28.3 %
BRITAIN 16.8 %
AUSTRALIA 8.0 %
JAPAN 7.7 %
CANADA 7.3 %
SWITZERLAND 5.9 %
GERMANY 4.9 %
FRANCE 3.3 %
SOUTH KOREA 2.7 %
BRAZIL 2.6 %

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.
22.3% 22.3% 15.1% 3.4% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 83%
MSCI EAFE 1.08 90%
MSCI Emg. Mkts. 0.91 82%

Technical Indicators
Recent close $85.32
30d moving avg. $82.83
Annualized volatility 21.3%
Short interest (ETF) 0.6%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 50
Turnover 0.7%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $11,219

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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: 45 bp ALTAR Score™: 4.9%


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 35.1 10 35 5.0 +0.0
FMAT Fidelity MSCI Materials Index ETF 35.1 8 37 5.0 +0.0
XLB Materials Select Sector SPDR Fund 35.1 13 32 4.8 -0.2
GNR SPDR S&P Global Natural Resources ETF 34.1 40 5 5.1 +0.2
JHMA John Hancock Multifactor Materials ETF 33.6 40 5 5.3 +0.4
RTM Invesco S&P 500 Equal Weight Materials ETF 32.4 40 5 4.7 -0.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 29.2 46 -1 5.0 +0.1
IYM iShares U.S. Basic Materials ETF 26.5 43 2 4.4 -0.5
DFAI Dimensional International Core Equity Market ETF 25.3 18 27 6.3 +1.4
PICK iShares MSCI Global Metals & Mining Producers ETF 24.6 39 6 5.4 +0.4
GRES IQ Global Resources ETF 20.6 78 -33 5.6 +0.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 20.4 60 -15 4.6 -0.3
HAP VanEck Vectors Natural Resources ETF 18.1 50 -5 4.8 -0.1
FXZ First Trust Materials AlphaDEX Fund 16.9 65 -20 5.7 +0.8
NANR SPDR S&P North American Natural Resources ETF 12.8 35 10 3.1 -1.9
ISDX Invesco RAFI Strategic Developed ex-US ETF 12.0 23 22 6.2 +1.3
DOO WisdomTree International Dividend ex-Financials Fund 11.7 58 -13 7.7 +2.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 11.7 20 25 8.3 +3.4
ZGBR SPDR Solactive United Kingdom ETF 11.1 14 31 6.9 +2.0
IQDG WisdomTree International Quality Dividend Growth Fund 11.0 42 3 5.9 +1.0
FLGB Franklin FTSE United Kingdom ETF 11.0 9 36 6.8 +1.9
EWU iShares MSCI United Kingdom ETF 11.0 51 -6 6.4 +1.5
BLES Inspire Global Hope Large Cap ETF 10.8 52 -7 5.5 +0.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 10.8 58 -13 5.8 +0.8
WWJD Inspire International ESG ETF 10.6 80 -35 5.9 +1.0
DTH WisdomTree International High Dividend Fund 10.3 58 -13 8.7 +3.7
HEDJ WisdomTree Europe Hedged Equity Fund 10.3 58 -13 6.0 +1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 10.2 20 25 9.4 +4.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.2 45 0 9.6 +4.7
IGE iShares North American Natural Resources ETF 10.1 46 -1 3.6 -1.3
FYLD Cambria Foreign Shareholder Yield ETF 10.0 59 -14 5.6 +0.7
INTF iShares Edge MSCI Multifactor Intl ETF 10.0 30 15 7.2 +2.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.0 58 -13 6.4 +1.5
DOL WisdomTree International LargeCap Dividend Fund 9.9 48 -3 7.1 +2.2
JHMD John Hancock Multifactor Developed International ETF 9.7 39 6 6.5 +1.6
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 9.5 75 -30 5.3 +0.3
DAX Global X DAX Germany ETF 9.4 21 24 7.0 +2.0
IQIN IQ 500 International ETF 9.3 25 20 7.5 +2.6
FDEV Fidelity Targeted International Factor ETF 9.3 39 6 6.1 +1.2
EQRR ProShares Equities for Rising Rates ETF 9.3 35 10 6.2 +1.3
TPIF Timothy Plan International ETF 9.1 62 -17 6.0 +1.1
VOE Vanguard Mid-Cap Value Index Fund 9.1 7 38 6.6 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 9.0 25 20 7.6 +2.7
EFV iShares MSCI EAFE Value ETF 9.0 39 6 8.3 +3.3
DWM WisdomTree International Equity Fund 8.8 48 -3 7.1 +2.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 8.8 40 5 7.2 +2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.8 45 0 7.5 +2.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 8.6 19 26 5.8 +0.8
FLAU Franklin FTSE Australia ETF 8.6 9 36 5.7 +0.7
EPP iShares MSCI Pacific ex-Japan ETF 8.6 48 -3 5.5 +0.6
EWA iShares MSCI Australia ETF 8.6 51 -6 5.1 +0.2
IDMO Invesco S&P International Developed Momentum ETF 8.5 26 19 3.7 -1.3
FDVV Fidelity Core Dividend ETF 8.3 29 16 6.1 +1.1
IEV iShares Europe ETF 8.3 59 -14 6.2 +1.2
FIVA Fidelity International Value Factor ETF 8.3 39 6 8.7 +3.7
IVLU iShares Edge MSCI Intl Value Factor ETF 8.3 30 15 9.9 +5.0
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 8.1 83 -38 5.0 +0.1
YLDE ClearBridge Dividend Strategy ESG ETF 8.1 60 -15 4.4 -0.5
FTAG First Trust Indxx Global Agriculture ETF 8.1 70 -25 5.1 +0.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 8.0 35 10 5.7 +0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 8.0 30 15 4.1 -0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 7.9 14 31 6.1 +1.1
CIL VictoryShares International Volatility Weighted Index ETF 7.9 45 0 6.3 +1.4
IDHQ Invesco S&P International Developed Quality ETF 7.9 29 16 4.7 -0.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 7.9 45 0 6.3 +1.3
BBEU JPMorgan BetaBuilders Europe ETF 7.8 9 36 6.6 +1.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 7.8 24 21 6.5 +1.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 7.8 45 0 5.9 +1.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.8 30 15 5.2 +0.3
BKIE BNY Mellon International Equity ETF 7.5 4 41 6.5 +1.6
DWCR Arrow DWA Country Rotation ETF 7.5 116 -71 3.5 -1.4
IDOG ALPS International Sector Dividend Dogs ETF 7.5 50 -5 8.1 +3.2
RFDI First Trust Riverfront Dynamic Developed International ETF 7.4 83 -38 5.1 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 7.3 39 6 5.5 +0.6
RFEU First Trust Riverfront Dynamic Europe ETF 7.3 83 -38 5.6 +0.6
FLEE Franklin FTSE Europe ETF 7.3 9 36 6.4 +1.5
EFA iShares MSCI EAFE ETF 7.3 32 13 6.2 +1.3
DMXF iShares ESG Advanced MSCI EAFE ETF 7.3 12 33 6.2 +1.2
ACWF iShares MSCI Global Multifactor ETF 7.3 35 10 6.7 +1.8
BBCA JPMorgan BetaBuilders Canada ETF 7.3 19 26 6.4 +1.5
ZCAN SPDR Solactive Canada ETF 7.3 14 31 6.4 +1.5
EWC iShares MSCI Canada ETF 7.3 51 -6 6.2 +1.3
ESGD iShares MSCI EAFE ESG Optimized ETF 7.3 20 25 6.1 +1.2
FLEH Franklin FTSE Europe Hedged ETF 7.2 9 36 6.4 +1.5
VRAI Virtus Real Asset Income ETF 7.2 55 -10 8.8 +3.8
EZU iShares MSCI Eurozone ETF 7.2 51 -6 5.9 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 7.1 20 25 6.4 +1.5
GSID Goldman Sachs MarketBeta International Equity ETF 7.1 20 25 6.3 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 7.1 35 10 6.1 +1.1
DWMF WisdomTree International Multifactor Fund 7.1 38 7 6.2 +1.3
DTN WisdomTree U.S. Dividend ex-Financials Fund 7.0 38 7 7.6 +2.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 7.0 29 16 7.0 +2.1
IQSI IQ Candriam ESG International Equity ETF 7.0 15 30 6.4 +1.4
SGDM Sprott Gold Miners ETF 7.0 50 -5 3.4 -1.5
PYZ Invesco DWA Basic Materials Momentum ETF 7.0 60 -15 4.2 -0.8
IEUR iShares Core MSCI Europe ETF 7.0 9 36 6.5 +1.6
TPHD Timothy Plan High Dividend Stock ETF 6.9 52 -7 5.6 +0.6
VYMI Vanguard International High Dividend Yield ETF 6.9 27 18 8.9 +3.9

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 11.2 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.48
 
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.