iShares Mortgage Real Estate ETF
ALTAR
Score™		 13.4% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 8.9x P/Sales
ratio		 5.1x
P/BV
ratio		 0.8x Div.
yield		 11.9%


  • 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) $648
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) $2,050
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
ANNALY CAPITAL MANAGEMENT REIT INC 17.2 %
AGNC INVESTMENT CORP. 12.0 %
STARWOOD PROPERTY TRUST INC 9.0 %
NEW RESIDENTIAL INVESTMENT 8.7 %
CAPITAL TRUST-CL A 4.9 %
ARBOR REALTY TRUST INC 3.4 %
TWO HARBORS INVESTMENT CORP 3.3 %
APOLLO COMMERCIAL REAL ESTAT 3.3 %
LADDER CAPITAL CORP-CLASS A 3.1 %
PENNYMAC MORTGAGE INVESTMENT 3.0 %
Total 67.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 67.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
11.0% 16.0% -2.3% 2.5% -1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.47 73%
MSCI EAFE 1.44 72%
MSCI Emg. Mkts. 1.10 42%

Technical Indicators
Recent close $22.33
30d moving avg. $23.08
Annualized volatility 29.5%
Short interest (ETF) 1.9%
Short interest (Underlying) 2.7%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 541
Turnover 1.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $362

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 166 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™: 13.4%


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 64.6 43 5 15.3 +1.9
SRET Global X SuperDividend REIT ETF 24.5 59 -11 8.1 -5.3
RIET Hoya Capital High Dividend Yield ETF 23.4 50 -2 6.0 -7.5
KBWD Invesco KBW High Dividend Yield Financial ETF 18.9 384 -336 9.8 -3.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 17.7 30 18 7.6 -5.8
SDIV Global X Superdividend ETF 15.7 58 -10 13.9 +0.4
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.3 36 12 10.3 -3.1
HOMZ Hoya Capital Housing ETF 5.3 30 18 6.3 -7.1
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.6 80 -32 6.0 -7.4
PSCF Invesco S&P SmallCap Financials ETF 4.0 29 19 6.2 -7.2
XSLV Invesco S&P SmallCap Low Volatility ETF 3.8 25 23 5.4 -8.0
FXO First Trust Financials AlphaDEX Fund 3.4 62 -14 8.5 -5.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.2 35 13 10.9 -2.5
IJS iShares S&P Small-Cap 600 Value ETF 2.3 18 30 9.4 -4.0
FYT First Trust Small Cap Value AlphaDEX Fund 2.2 73 -25 9.9 -3.5
SLYV SPDR S&P 600 Small Cap Value ETF 2.2 15 33 9.5 -4.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.2 15 33 9.3 -4.2
VNSE Natixis Vaughan Nelson Select ETF 2.1 80 -32 4.1 -9.3
NUSC Nuveen ESG Small-Cap ETF 2.0 31 17 5.3 -8.1
ISCV iShares Morningstar Small Cap Value ETF 1.7 6 42 8.4 -5.0
IYR iShares U.S. Real Estate ETF 1.7 40 8 2.7 -10.8
AUSF Global X Adaptive U.S. Factor ETF 1.6 27 21 9.3 -4.1
IWN iShares Russell 2000 Value ETF 1.6 24 24 5.8 -7.7
VTWV Vanguard Russell 2000 Value ETF 1.6 15 33 5.9 -7.5
FDVV Fidelity High Dividend ETF 1.4 15 33 7.5 -5.9
XMVM Invesco S&P MidCap Value with Momentum ETF 1.3 39 9 9.7 -3.7
FYX First Trust Small Cap Core AlphaDEX Fund 1.3 61 -13 5.9 -7.6
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 1.3 60 -12 6.3 -7.1
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 23 6.1 -7.4
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 23 7.8 -5.7
HDUS Hartford Disciplined US Equity ETF 1.3 19 29 6.3 -7.1
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.3 27 21 6.1 -7.3
IWC iShares Micro-Cap ETF 1.2 60 -12 -1.1 -14.5
SIXS ETC 6 Meridian Small Cap Equity ETF 1.2 89 -41 9.4 -4.0
XJR iShares ESG Screened S&P Small-Cap ETF 1.2 12 36 6.6 -6.9
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 33 7.3 -6.1
OSCV Opus Small Cap Value ETF 1.2 79 -31 6.7 -6.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.1 39 9 4.0 -9.4
ISMD Inspire Small/Mid Cap ETF 1.1 54 -6 4.7 -8.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.1 29 19 7.4 -6.0
IJR iShares Core S&P Small Cap ETF 1.1 6 42 7.3 -6.1
VBR Vanguard Small Cap Value ETF 1.1 7 41 8.5 -4.9
FNDA Schwab Fundamental US Small Co. Index ETF 1.1 25 23 6.6 -6.9
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.1 3 45 7.4 -6.1
VIOO Vanguard S&P Small-Cap 600 ETF 1.1 10 38 7.2 -6.2
STXK Strive Small-Cap ETF 1.0 18 30 5.5 -8.0
SMDV ProShares Russell 2000 Dividend Growers ETF 0.9 40 8 7.0 -6.4
YOLO AdvisorShares Pure Cannabis ETF 0.9 103 -55 -4.5 -17.9
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 13 6.9 -6.6
ESIX SPDR S&P SmallCap 600 ESG ETF 0.9 12 36 5.9 -7.6
ISCB iShares Morningstar Small-Cap ETF 0.9 4 44 5.6 -7.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -22 12.3 -1.1
RSSL Global X Russell 2000 ETF 0.8 8 40 3.6 -9.8
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.8 39 9 9.8 -3.6
SFYX SoFi Next 500 ETF 0.8 0 48 3.6 -9.9
IWM iShares Russell 2000 ETF 0.8 19 29 3.6 -9.8
FYC First Trust Small Cap Growth AlphaDEX Fund 0.8 71 -23 1.1 -12.4
VTWO Vanguard Russell 2000 ETF 0.8 10 38 3.8 -9.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 39 4.0 -9.4
SCHA Schwab U.S. Small-Cap ETF 0.7 4 44 5.3 -8.1
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 -4 6.5 -6.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 41 6.2 -7.2
FAB First Trust Multi Cap Value AlphaDEX Fund 0.7 67 -19 10.1 -3.3
SMLF iShares U.S. SmallCap Equity Factor ETF 0.7 15 33 6.0 -7.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.6 24 24 7.6 -5.8
VB Vanguard Small-Cap ETF 0.6 5 43 5.7 -7.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 28 5.5 -7.9
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 44 5.9 -7.5
VXF Vanguard Extended Market ETF 0.6 6 42 4.5 -8.9
RFV Invesco S&P Midcap 400 Pure Value ETF 0.6 35 13 14.1 +0.6
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 33 10.9 -2.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 30 7.8 -5.7
QDF FlexShares Quality Dividend Index Fund 0.5 37 11 6.2 -7.2
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 11 5.9 -7.5
VFH Vanguard Financials ETF 0.5 10 38 7.0 -6.5
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 36 8.5 -4.9
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 44 6.7 -6.7
FNX First Trust Mid Cap Core AlphaDEX Fund 0.5 60 -12 8.2 -5.2
FNCL Fidelity MSCI Financials Index ETF 0.5 8 40 6.9 -6.6
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 44 6.1 -7.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 30 8.6 -4.8
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 33 8.7 -4.8
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 15 33 8.7 -4.7
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 33 5.8 -7.6
FESM Fidelity Enhanced Small Cap ETF 0.4 28 20 3.8 -9.6
ETHO Etho Climate Leadership U.S. ETF 0.4 47 1 5.5 -7.9
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 23 6.0 -7.4
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 31 5.7 -7.7
IYF iShares U.S. Financials ETF 0.4 40 8 6.9 -6.5
CVY Invesco Zacks Multi-Asset Income ETF 0.4 106 -58 10.9 -2.5
FLDZ RiverNorth Patriot ETF 0.4 75 -27 5.9 -7.5
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 33 4.3 -9.2
SMMD iShares Russell 2500 ETF 0.4 15 33 6.2 -7.2
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 18 8.6 -4.8
ROSC Hartford Multifactor Small Cap ETF 0.3 34 14 9.0 -4.5
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 28 9.1 -4.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.3 39 9 5.4 -8.0
FBCV Fidelity Blue Chip Value ETF 0.3 59 -11 8.1 -5.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 36 7.0 -6.4
STXM Strive Mid-Cap ETF 0.3 18 30 3.6 -9.8
TOKE Cambria Cannabis ETF 0.3 42 6 1.5 -11.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 33 7.3 -6.1
IWS iShares Russell Mid-Cap Value ETF 0.2 23 25 6.5 -6.9
PSC Principal U.S. Small-Cap ETF 0.2 38 10 6.9 -6.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 24 7.6 -5.8
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 24 7.2 -6.2
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 7.4 -6.0
OPTZ Optimize Strategy Index ETF 0.2 50 -2 5.3 -8.1
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 7.4 -6.0
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 38 7.3 -6.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 7.0 -6.5
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.2 20 28 5.3 -8.2
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 18 7.9 -5.5
AIEQ AI Powered Equity ETF 0.2 75 -27 4.2 -9.3
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 36 8.1 -5.3
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 9 7.5 -6.0
IWR iShares Russell Midcap ETF 0.2 19 29 5.8 -7.7
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 36 7.5 -6.0
FELC Fidelity Enhanced Large Cap Core ETF 0.2 18 30 5.7 -7.8
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 30 7.2 -6.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -16 2.5 -10.9
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 25 5.8 -7.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 19 6.6 -6.8
STXV Strive 1000 Value ETF 0.1 18 30 7.9 -5.5
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 7.6 -5.8
PTL Inspire 500 ETF 0.1 9 39 5.4 -8.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 10.2 -3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 6.0 -7.5
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 43 7.1 -6.3
IWD iShares Russell 1000 Value ETF 0.1 19 29 6.7 -6.7
VONV Vanguard Russell 1000 Value ETF 0.1 8 40 6.8 -6.6
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -77 6.9 -6.5
DIVB iShares Core Dividend ETF 0.1 5 43 7.7 -5.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 5.3 -8.1
VTI Vanguard Total Stock Market ETF 0.1 3 45 5.3 -8.1
IWV iShares Russell 3000 ETF 0.1 20 28 5.2 -8.3
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 18 7.0 -6.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 36 6.8 -6.7
VTHR Vanguard Russell 3000 ETF 0.1 10 38 5.3 -8.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 5.4 -8.0
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 5.0 -8.4
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 7.1 -6.4
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 33 5.1 -8.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 23 7.8 -5.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 33 2.8 -10.6
ONEO SPDR Russell 1000 Momentum Focus ETF 0.0 20 28 7.2 -6.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 31 7.3 -6.1
SCHK Schwab 1000 Index ETF 0.0 5 43 5.5 -7.9
IYY iShares Dow Jones U.S. ETF 0.0 20 28 5.3 -8.1
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 5.5 -8.0
IWB iShares Russell 1000 ETF 0.0 15 33 5.4 -8.0
VONE Vanguard Russell 1000 ETF 0.0 8 40 5.5 -8.0
VT Vanguard Total World Stock ETF 0.0 7 41 6.4 -7.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 28 7.4 -6.0
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 45 5.7 -7.7
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 5.5 -7.9
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 42 2.7 -10.7
IUSV iShares Core S&P US Value ETF 0.0 4 44 6.7 -6.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 4.3 -9.2
HKND Humankind US Stock ETF 0.0 11 37 7.5 -6.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 4.4 -9.0
IWO iShares Russell 2000 Growth ETF 0.0 24 24 1.5 -12.0
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 33 1.5 -11.9
PFM Invesco Dividend Achievers ETF 0.0 53 -5 5.3 -8.1
PKW Invesco Buyback Achievers ETF 0.0 62 -14 8.0 -5.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 5.3 -8.1

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 11.1 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 13.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.