iShares Mortgage Real Estate ETF
ALTAR
Score™		 20.3% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 6.2x P/Sales
ratio		 5.5x
P/BV
ratio		 0.7x Div.
yield		 12.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Mortgage Real Estate Capped ETF seeks to track the investment results of an index composed of U.S. REITs that hold U.S. residential and commercial mortgages.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 01, 2007
Assets (mns) $669
Currency USD
Expense ratio 48 bp
Distributions Quarterly

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 33
Wgt avg mkt cap (mns) $4,197
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 50.2%
Small cap (<$2bn) 49.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AGNC INVESTMENT CORP. 23.9 %
ANNALY CAPITAL MANAGEMENT REIT INC 22.3 %
STARWOOD PROPERTY TRUST INC 12.3 %
NEW RESIDENTIAL INVESTMENT 7.1 %
CAPITAL TRUST-CL A 6.8 %
DYNEX CAPITAL INC 6.7 %
ARBOR REALTY TRUST INC 5.1 %
APOLLO COMMERCIAL REAL ESTAT 4.5 %
ELLINGTON FINANCIAL LLC 4.4 %
ARMOUR RESIDENTIAL REIT INC 4.2 %
Total 97.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
13.3% 13.3% 1.5% 3.9% -1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.68 43%
MSCI EAFE 0.79 41%
MSCI Emg. Mkts. 0.64 30%

Technical Indicators
Recent close $23.86
30d moving avg. $22.62
Annualized volatility 22.0%
Short interest (ETF) 1.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 725
Turnover 2.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $362

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 169 potential alternatives to the iShares Mortgage Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with REM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: REM Expense: 48 bp ALTAR Score™: 20.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH REM
Ticker Fund
Name		 Overlap1
vs REM
(%)		 Expense
ratio
(bp)		 Savings
vs REM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs REM
(%)
MORT VanEck Mortgage REIT Income ETF 66.9 43 5 18.0 -2.4
SRET Global X SuperDividend REIT ETF 25.3 59 -11 11.1 -9.3
RIET Hoya Capital High Dividend Yield ETF 24.0 50 -2 16.2 -4.1
KBWD Invesco KBW High Dividend Yield Financial ETF 22.9 384 -336 12.9 -7.5
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 16.8 30 18 15.3 -5.0
SDIV Global X Superdividend ETF 13.9 58 -10 14.8 -5.6
XSLV Invesco S&P SmallCap Low Volatility ETF 6.1 25 23 7.7 -12.6
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.8 36 12 9.4 -10.9
HOMZ Hoya Capital Housing ETF 4.5 30 18 8.7 -11.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.1 80 -32 6.8 -13.6
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.3 25 23 6.9 -13.5
PSCF Invesco S&P SmallCap Financials ETF 3.3 29 19 8.6 -11.8
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.0 35 13 8.7 -11.7
FXO First Trust Financials AlphaDEX Fund 2.4 62 -14 7.4 -13.0
IYR iShares U.S. Real Estate ETF 1.9 40 8 7.1 -13.2
SGRT SMART Earnings Growth 30 ETF 1.8 59 -11 1.7 -18.7
AUSF Global X Adaptive U.S. Factor ETF 1.6 27 21 7.9 -12.5
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.5 20 28 5.4 -14.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.5 10 38 8.5 -11.8
FYT First Trust Small Cap Value AlphaDEX Fund 1.5 73 -25 10.3 -10.1
FYC First Trust Small Cap Growth AlphaDEX Fund 1.5 71 -23 -1.3 -21.7
NUSC Nuveen ESG Small-Cap ETF 1.3 31 17 4.5 -15.9
FYX First Trust Small Cap Core AlphaDEX Fund 1.3 61 -13 5.0 -15.4
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 23 6.8 -13.6
FDVV Fidelity High Dividend ETF 1.3 15 33 6.9 -13.5
IWN iShares Russell 2000 Value ETF 1.2 24 24 5.6 -14.7
VTWV Vanguard Russell 2000 Value ETF 1.2 10 38 5.7 -14.6
ISCV iShares Morningstar Small Cap Value ETF 1.2 6 42 7.5 -12.9
IJS iShares S&P Small-Cap 600 Value ETF 1.1 18 30 8.6 -11.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.1 29 19 6.9 -13.4
OSCV Opus Small Cap Value ETF 1.1 79 -31 6.2 -14.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 13 6.5 -13.8
FNK First Trust Mid Cap Value AlphaDEX Fund 1.0 70 -22 9.3 -11.0
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.0 15 33 8.6 -11.7
SFYX SoFi Next 500 ETF 1.0 0 48 5.0 -15.3
HDUS Hartford Disciplined US Equity ETF 0.9 19 29 4.9 -15.4
VBR Vanguard Small Cap Value ETF 0.9 7 41 7.9 -12.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.9 12 36 6.7 -13.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.8 15 33 6.7 -13.6
XSMO Invesco S&P SmallCap Momentum ETF 0.8 39 9 3.9 -16.5
FNDA Schwab Fundamental US Small Co. Index ETF 0.8 25 23 6.7 -13.7
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 25 5.2 -15.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 9 4.3 -16.1
XMVM Invesco S&P MidCap Value with Momentum ETF 0.8 39 9 8.5 -11.9
ISMD Inspire Small/Mid Cap ETF 0.8 54 -6 4.6 -15.7
IJR iShares Core S&P Small Cap ETF 0.8 6 42 6.7 -13.7
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 41 6.7 -13.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 9 2.7 -17.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 33 5.2 -15.1
YOLO AdvisorShares Pure Cannabis ETF 0.7 103 -55 -3.7 -24.1
SIXL ETC 6 Meridian Low Beta Equity ETF 0.7 80 -32 5.7 -14.7
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 45 6.7 -13.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 -12 5.9 -14.5
IWC iShares Micro-Cap ETF 0.7 60 -12 -1.2 -21.6
ISCB iShares Morningstar Small-Cap ETF 0.6 4 44 5.1 -15.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 9 8.4 -11.9
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -19 8.7 -11.7
STXM Strive Mid-Cap ETF 0.6 18 30 5.4 -14.9
IWM iShares Russell 2000 ETF 0.6 19 29 3.1 -17.2
RSSL Global X Russell 2000 ETF 0.6 8 40 3.1 -17.2
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.6 12 36 7.1 -13.2
SCHA Schwab U.S. Small-Cap ETF 0.6 4 44 4.9 -15.5
RFV Invesco S&P Midcap 400 Pure Value ETF 0.5 35 13 11.7 -8.6
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.5 12 36 6.7 -13.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 24 7.3 -13.1
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 33 5.2 -15.1
VTWO Vanguard Russell 2000 ETF 0.5 7 41 3.2 -17.1
VXF Vanguard Extended Market ETF 0.5 5 43 3.9 -16.4
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 44 6.0 -14.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 41 5.0 -15.4
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.5 20 28 9.0 -11.3
VB Vanguard Small-Cap ETF 0.5 5 43 5.2 -15.1
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 44 5.1 -15.3
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 39 3.5 -16.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 28 4.7 -15.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 44 5.1 -15.3
VFH Vanguard Financials ETF 0.5 9 39 5.9 -14.4
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 36 6.9 -13.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 30 6.9 -13.4
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.5 35 13 6.3 -14.0
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 11 5.3 -15.1
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 30 4.6 -15.7
QDF FlexShares Quality Dividend Index Fund 0.4 37 11 5.4 -14.9
FNCL Fidelity MSCI Financials Index ETF 0.4 8 40 5.9 -14.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -4 5.5 -14.8
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 33 4.7 -15.7
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 30 7.7 -12.7
FLDZ RiverNorth Patriot ETF 0.4 75 -27 5.7 -14.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 10 38 7.8 -12.5
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 33 7.7 -12.6
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.4 15 33 7.7 -12.7
IYF iShares U.S. Financials ETF 0.4 40 8 5.5 -14.9
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 31 5.2 -15.2
FSMD Fidelity Small-Mid Multifactor ETF 0.4 15 33 6.1 -14.3
ETHO Etho Climate Leadership U.S. ETF 0.3 47 1 4.7 -15.7
SMMD iShares Russell 2500 ETF 0.3 15 33 5.7 -14.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 23 4.7 -15.7
FESM Fidelity Enhanced Small Cap ETF 0.3 28 20 2.8 -17.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 33 7.0 -13.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -16 0.9 -19.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 24 6.5 -13.9
CVY Invesco Zacks Multi-Asset Income ETF 0.3 106 -58 10.3 -10.0
IWS iShares Russell Mid-Cap Value ETF 0.3 23 25 6.3 -14.1
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 30 5.9 -14.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 33 6.3 -14.1
OPTZ Optimize Strategy Index ETF 0.2 50 -2 4.1 -16.2
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 36 6.2 -14.2
STXK Strive Small-Cap ETF 0.2 18 30 5.3 -15.1
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 24 6.1 -14.3
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 6.2 -14.1
IWR iShares Russell Midcap ETF 0.2 19 29 5.4 -14.9
ROSC Hartford Multifactor Small Cap ETF 0.2 34 14 8.0 -12.4
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 6.3 -14.1
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 41 6.3 -14.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 6.3 -14.0
PTL Inspire 500 ETF 0.2 9 39 4.7 -15.7
LQPE PEO AlphaQuest Thematic PE ETF 0.2 125 -77 6.4 -14.0
LRGF iShares U.S. Equity Factor ETF 0.2 8 40 4.8 -15.6
STXV Strive 1000 Value ETF 0.1 18 30 7.1 -13.3
PSC Principal U.S. Small-Cap ETF 0.1 38 10 5.9 -14.5
FPX First Trust US Equity Opportunities ETF 0.1 61 -13 0.8 -19.5
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 8 4.1 -16.2
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 6.3 -14.0
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 36 6.5 -13.9
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 9 5.9 -14.5
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 36 3.8 -16.5
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 28 7.2 -13.1
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 31 6.0 -14.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 19 5.6 -14.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 4.5 -15.8
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 42 2.5 -17.8
IWD iShares Russell 1000 Value ETF 0.1 19 29 5.6 -14.8
REVS Columbia Research Enhanced Value ETF 0.1 19 29 6.9 -13.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 4.8 -15.5
VONV Vanguard Russell 1000 Value ETF 0.1 7 41 5.7 -14.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 5.7 -14.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 8.2 -12.1
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 36 5.7 -14.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 23 6.4 -14.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 4.2 -16.2
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 5.9 -14.5
VTI Vanguard Total Stock Market ETF 0.1 3 45 4.2 -16.2
IWV iShares Russell 3000 ETF 0.1 20 28 4.0 -16.3
VTHR Vanguard Russell 3000 ETF 0.1 7 41 4.2 -16.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 4.3 -16.1
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.1 27 21 6.5 -13.8
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 4.1 -16.2
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 43 7.1 -13.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 33 4.2 -16.1
IWO iShares Russell 2000 Growth ETF 0.0 24 24 0.6 -19.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 3.1 -17.3
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 4.2 -16.1
RECS Columbia Research Enhanced Core ETF 0.0 15 33 5.0 -15.3
SCHK Schwab 1000 Index ETF 0.0 5 43 4.3 -16.1
IWB iShares Russell 1000 ETF 0.0 15 33 4.2 -16.2
VONE Vanguard Russell 1000 ETF 0.0 7 41 4.3 -16.1
IYY iShares Dow Jones U.S. ETF 0.0 20 28 4.1 -16.3
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 38 0.8 -19.6
DIVB iShares Core Dividend ETF 0.0 5 43 7.3 -13.0
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 4.3 -16.1
VT Vanguard Total World Stock ETF 0.0 6 42 5.0 -15.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 45 4.4 -16.0
IUSV iShares Core S&P US Value ETF 0.0 4 44 5.7 -14.6
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 3.4 -17.0
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -1 4.7 -15.6
PFM Invesco Dividend Achievers ETF 0.0 53 -5 4.7 -15.7
PKW Invesco Buyback Achievers ETF 0.0 62 -14 7.1 -13.3
EBI Longview Advantage ETF 0.0 35 13 5.7 -14.6
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 4.2 -16.1

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares Mortgage Real Estate 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 15.3 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 20.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.61 CATEGORY
AVERAGE		 1.58
 
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.