iShares MSCI Global Metals & Mining Producers ETF
ALTAR
Score™
10.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
9.8x P/Sales
ratio
0.5x
P/BV
ratio
0.8x Div.
yield
6.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Global Select Metals & Mining Producers Fund is an exchange-traded fund incorporated in the USA. Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Feb 02, 2012
Assets (mns) $143
Currency USD
Expense ratio 39 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 206
Wgt avg mkt cap (mns) $34,816
Large cap (>$10bn) 54.6%
Mid cap ($2-10bn) 26.8%
Small cap (<$2bn) 13.0%
Developed mkts 73.8%
Emerging mkts 25.4%

TOP TEN HOLDINGS
BHP BILLITON LTD 11.6 %
RIO TINTO PLC 11.2 %
BHP BILLITON PLC 6.9 %
VALE SA 5.2 %
RIO TINTO LTD 4.3 %
GLENCORE INTERNATIONAL PLC 3.4 %
MMC NORILSK NICKEL OJSC 3.4 %
ANGLO AMERICAN PLC 3.3 %
NUCOR CORP 2.3 %
POSCO 2.2 %
Total 53.7 %

TOP COUNTRY EXPOSURE
BRITAIN 23.0 %
AUSTRALIA 21.9 %
UNITED STATES 9.7 %
JAPAN 6.2 %
BRAZIL 6.2 %
RUSSIA 5.0 %
SWITZERLAND 3.4 %
SOUTH KOREA 3.1 %
CANADA 2.5 %
CHINA 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-35.1% -34.4% -3.5% -- -7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.15 50%
MSCI EAFE 1.33 64%
MSCI Emg. Mkts. 1.15 71%

Technical Indicators
Recent close $18.63
30d moving avg. $20.79
Annualized volatility 24.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 139
Turnover 1.8%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $4,181

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: PICK Expense: 39 bp ALTAR Score™: 10.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PICK
Ticker Fund
Name
Overlap1
vs PICK
(%)
Expense
ratio
(bp)
Savings
vs PICK
(bp)
ALTAR
Score™
(%)
ALTAR
vs PICK
(%)
MXI iShares Global Materials ETF 19.9 46 -7 8.4 -2.5
GUNR Flexshares Morningstar Global Upstream Natural Resources 17.5 46 -7 7.9 -3.1
GNR SPDR S&P Global Natural Resources ETF 17.3 40 -1 8.7 -2.3
EWA iShares MSCI Australia ETF 13.9 50 -11 8.0 -2.9
FLAU Franklin FTSE Australia ETF 13.6 9 30 8.4 -2.5
COPX Global X Copper Miners ETF 12.7 65 -26 11.0 +0.1
HAP VanEck Vectors Natural Resources ETF 11.5 50 -11 8.5 -2.5
FAUS First Trust Australia AlphaDEX Fund 10.1 80 -41 10.4 -0.5
IVAL Alpha Architect International Quantitative Value ETF 9.5 59 -20 14.6 +3.7
XME SPDR S&P Metals & Mining ETF 9.1 35 4 12.7 +1.7
FKU First Trust United Kingdom AlphaDEX Fund 8.6 80 -41 13.9 +2.9
FYLD Cambria Foreign Shareholder Yield ETF 8.6 59 -20 13.0 +2.0
INTF iShares Edge MSCI Multifactor Intl ETF 8.4 30 9 10.3 -0.6
URA Global X Uranium ETF 8.3 69 -30 5.5 -5.5
BATT Amplify Advanced Battery Metals & Materials ETF 7.9 72 -33 5.3 -5.7
IYM iShares U.S. Basic Materials ETF 7.8 42 -3 8.0 -2.9
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 7.6 19 20 8.4 -2.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 7.6 20 19 11.3 +0.4
EPP iShares MSCI Pacific ex-Japan ETF 7.4 48 -9 8.2 -2.7
EWU iShares MSCI United Kingdom ETF 7.4 50 -11 8.7 -2.2
FLLA Franklin FTSE Latin America ETF 7.3 19 20 9.4 -1.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 7.2 20 19 13.0 +2.0
FLGB Franklin FTSE United Kingdom ETF 7.1 9 30 9.3 -1.6
GRES IQ Global Resources ETF 7.0 77 -38 9.2 -1.7
JHMA John Hancock Multifactor Materials ETF 6.9 40 -1 9.6 -1.3
AXJL WisdomTree Asia Pacific ex-Japan Fund 6.9 48 -9 11.0 +0.0
VAW Vanguard Materials Index Fund 6.8 10 29 8.6 -2.3
FMAT Fidelity MSCI Materials Index ETF 6.8 8 31 8.6 -2.3
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 6.6 45 -6 15.0 +4.0
SLX VanEck Vectors Steel ETF 6.3 56 -17 22.8 +11.9
QGBR SPDR MSCI UK StrategicFactors ETF 6.2 14 25 9.4 -1.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.2 65 -26 15.3 +4.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.2 49 -10 11.1 +0.1
IDOG ALPS International Sector Dividend Dogs ETF 6.1 50 -11 13.7 +2.7
FLBR Franklin FTSE Brazil ETF 6.0 19 20 8.2 -2.7
PAVE Global X U.S. Infrastructure Development ETF 5.9 47 -8 8.4 -2.6
IPKW Invesco International BuyBack Achievers ETF 5.9 55 -16 12.3 +1.3
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.8 80 -41 11.6 +0.7
OBOR KraneShares MSCI One Belt One Road Index ETF 5.8 79 -40 11.6 +0.7
EWZ iShares MSCI Brazil Capped ETF 5.8 59 -20 7.5 -3.5
FXZ First Trust Materials AlphaDEX Fund 5.7 65 -26 10.6 -0.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 5.6 58 -19 7.8 -3.2
IDY Pacific Global International Equity Income ETF 5.6 39 0 11.0 +0.1
AFK VanEck Vectors Africa Index ETF 5.6 78 -39 4.6 -6.4
ISDX Invesco Strategic Developed ex-US ETF 5.5 23 16 10.0 -0.9
PYZ Invesco DWA Basic Materials Momentum ETF 5.5 60 -21 9.0 -2.0
WWJD Inspire International ESG ETF 5.4 80 -41 10.8 -0.1
FIVA Fidelity International Value Factor ETF 5.2 39 0 13.3 +2.3
DOO WisdomTree International Dividend ex-Financials Fund 5.2 58 -19 11.1 +0.2
ESGN Columbia Sustainable International Equity Income ETF 5.0 45 -6 14.0 +3.1
SDEM Global X SuperDividend Emerging Markets ETF 5.0 67 -28 26.0 +15.0
GVAL Cambria Global Value ETF 5.0 69 -30 13.9 +3.0
FLRU Franklin FTSE Russia ETF 5.0 19 20 22.6 +11.6
ERUS iShares MSCI Russia ETF 5.0 59 -20 18.0 +7.0
DTH WisdomTree DEFA Equity Income Fund 5.0 58 -19 12.5 +1.6
FDT First Trust Developed Markets ex-US Alphadex Fund 4.9 80 -41 11.4 +0.4
EFV iShares MSCI EAFE Value ETF 4.8 39 0 12.7 +1.7
FTRI First Trust Indxx Global Natural Resources Income ETF 4.7 70 -31 13.9 +3.0
IDHQ Invesco S&P International Developed High Quality ETF 4.7 29 10 6.7 -4.3
EEMO Invesco S&P Emerging Markets Momentum ETF 4.6 30 9 12.2 +1.3
AVDV Avantis International Small Cap Value ETF 4.6 36 3 12.1 +1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 4.4 30 9 14.3 +3.3
FEM First Trust Emerging Markets AlphaDEX Fund 4.4 80 -41 14.7 +3.8
XCEM Columbia EM Core ex-China ETF 4.4 16 23 9.7 -1.2
RTM Invesco S&P 500 Equal Weight Materials ETF 4.3 40 -1 8.5 -2.5
GCOW Pacer Global High Dividend ETF 4.3 60 -21 13.1 +2.2
DVYE iShares Emerging Markets Dividend ETF 4.2 49 -10 15.1 +4.1
EQRR ProShares Equities for Rising Rates ETF 4.2 35 4 11.9 +0.9
NUEM Nuveen ESG Emerging Markets Equity ETF 4.1 45 -6 9.3 -1.6
XLB Materials Select Sector SPDR Fund 4.1 13 26 8.2 -2.8
FNDF Schwab Fundamental International Large Co. Index ETF 4.0 25 14 11.2 +0.3
FEP First Trust Europe AlphaDEX Fund 4.0 80 -41 11.0 +0.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.0 51 -12 20.4 +9.5
VYMI Vanguard International High Dividend Yield ETF 4.0 32 7 12.4 +1.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 4.0 58 -19 7.8 -3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 4.0 49 -10 10.3 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 3.9 63 -24 16.6 +5.6
RFDI First Trust Riverfront Dynamic Developed International ETF 3.9 83 -44 8.1 -2.9
IQDG WisdomTree International Quality Dividend Growth Fund 3.9 38 1 8.0 -3.0
NANR SPDR S&P North American Natural Resources ETF 3.9 35 4 5.1 -5.9
SCIX Global X Scientific Beta Asia ex-Japan ETF 3.8 38 1 8.1 -2.9
IFRA iShares U.S. Infrastructure ETF 3.8 40 -1 7.9 -3.0
VIDI Vident International Equity Fund 3.7 59 -20 15.1 +4.1
IQDF FlexShares International Quality Dividend Index Fund 3.7 47 -8 16.2 +5.2
IDMO Invesco S&P International Developed Momentum ETF 3.7 25 14 5.7 -5.2
PXH Invesco FTSE RAFI Emerging Markets ETF 3.6 50 -11 16.0 +5.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.6 45 -6 11.5 +0.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.6 47 -8 17.4 +6.4
EYLD Cambria Emerging Shareholder Yield ETF 3.6 66 -27 20.6 +9.7
JPIN JPMorgan Diversified Return International Equity ETF 3.6 38 1 9.9 -1.0
ACWF iShares FactorSelect MSCI Global ETF 3.6 35 4 10.2 -0.7
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 3.6 83 -44 9.0 -1.9
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 3.5 51 -12 13.8 +2.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 3.5 47 -8 15.5 +4.6
BLES Inspire Global Hope Large Cap ETF 3.5 61 -22 9.1 -1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.4 70 -31 15.5 +4.6
EMXC iShares MSCI Emerging Markets ex China ETF 3.4 49 -10 10.3 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 3.3 39 0 15.3 +4.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.3 45 -6 10.6 -0.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 3.3 45 -6 16.3 +5.3

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 MSCI Global Metals & Mining Producers 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 9.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 10.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.