iShares Mortgage Real Estate ETF
ALTAR
Score™		 14.5% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 6.9x P/Sales
ratio		 2.7x
P/BV
ratio		 0.7x Div.
yield		 12.5%


  • 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) $591
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 32
Wgt avg mkt cap (mns) $2,128
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 15.4 %
AGNC INVESTMENT CORP. 10.9 %
STARWOOD PROPERTY TRUST INC 9.8 %
NEW RESIDENTIAL INVESTMENT 9.0 %
ARBOR REALTY TRUST INC 4.4 %
CAPITAL TRUST-CL A 4.3 %
APOLLO COMMERCIAL REAL ESTAT 3.8 %
READY CAPITAL CORPORATION 3.5 %
TWO HARBORS INVESTMENT CORP 3.1 %
LADDER CAPITAL CORP-CLASS A 3.0 %
Total 67.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 75.6 %










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.
-1.0% 20.1% -2.9% 2.5% -1.4%

Market Correlations
versus... Beta R-squared
S&P500 1.39 72%
MSCI EAFE 1.42 70%
MSCI Emg. Mkts. 1.10 45%

Technical Indicators
Recent close $21.98
30d moving avg. $22.59
Annualized volatility 29.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.7%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 311
Turnover 1.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $323

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™: 14.5%


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 69.2 43 5 13.7 -0.8
SRET Global X SuperDividend REIT ETF 27.4 59 -11 10.1 -4.4
RIET Hoya Capital High Dividend Yield ETF 23.2 50 -2 14.5 +0.0
KBWD Invesco KBW High Dividend Yield Financial ETF 18.3 384 -336 8.5 -6.0
SDIV Global X Superdividend ETF 16.3 58 -10 17.6 +3.1
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 12.3 30 18 12.3 -2.2
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 5.5 60 -12 7.7 -6.8
PSCF Invesco S&P SmallCap Financials ETF 4.5 29 19 10.2 -4.3
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.8 36 12 11.1 -3.4
HOMZ Hoya Capital Housing ETF 3.6 30 18 8.1 -6.4
FYT First Trust Small Cap Value AlphaDEX Fund 2.4 73 -25 11.7 -2.8
VIOV Vanguard S&P Small-Cap 600 Value ETF 2.3 15 33 8.7 -5.8
DVLU First Trust Dorsey Wright Momentum & Value ETF 2.1 60 -12 10.2 -4.3
IJS iShares S&P Small-Cap 600 Value ETF 1.9 18 30 9.3 -5.2
SLYV SPDR S&P 600 Small Cap Value ETF 1.8 15 33 9.4 -5.1
IYR iShares U.S. Real Estate ETF 1.8 40 8 7.2 -7.3
ISCV iShares Morningstar Small Cap Value ETF 1.8 6 42 8.1 -6.4
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.7 29 19 7.4 -7.1
FXO First Trust Financials AlphaDEX Fund 1.7 62 -14 9.2 -5.3
XSLV Invesco S&P SmallCap Low Volatility ETF 1.7 25 23 6.9 -7.6
RNSC Furst Trust Small Cap US Equity Select ETF 1.6 60 -12 8.4 -6.1
IWN iShares Russell 2000 Value ETF 1.6 24 24 5.6 -8.9
VTWV Vanguard Russell 2000 Value ETF 1.6 15 33 5.8 -8.7
FYX First Trust Small Cap Core AlphaDEX Fund 1.5 61 -13 7.2 -7.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.5 52 -4 6.3 -8.1
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.5 35 13 7.2 -7.3
USVT US Value ETF 1.4 49 -1 11.3 -3.2
AUSF Global X Adaptive U.S. Factor ETF 1.4 27 21 9.0 -5.5
PFI Invesco Dorsey Wright Financial Momentum ETF 1.4 60 -12 6.2 -8.2
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 23 8.8 -5.6
XJR iShares ESG Screened S&P Small-Cap ETF 1.3 12 36 7.7 -6.7
FNDA Schwab Fundamental US Small Co. Index ETF 1.2 25 23 6.8 -7.7
HDUS Hartford Disciplined US Equity ETF 1.2 19 29 6.2 -8.3
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.2 15 33 8.2 -6.3
VIOO Vanguard S&P Small-Cap 600 ETF 1.2 10 38 7.8 -6.7
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.2 39 9 4.5 -9.9
IJR iShares Core S&P Small Cap ETF 1.1 6 42 8.2 -6.3
SPSM SPDR Portfolio S&P 600 Small Cap ETF 1.1 3 45 8.2 -6.3
MJUS ETFMG U.S. Alternative Harvest ETF 1.1 76 -28 -0.5 -15.0
YOLO AdvisorShares Pure Cannabis ETF 1.1 103 -55 -27.6 -42.1
MJ ETFMG Alternative Harvest ETFMG Alternative Harvest 1.1 75 -27 -35.0 -49.5
VBR Vanguard Small Cap Value ETF 1.1 7 41 8.2 -6.3
NUSC Nuveen ESG Small-Cap ETF 1.1 31 17 5.2 -9.3
FNK First Trust Mid Cap Value AlphaDEX Fund 1.1 70 -22 9.2 -5.3
IWC iShares Micro-Cap ETF 1.0 60 -12 -4.3 -18.8
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 1.0 9 39 4.0 -10.5
QDF FlexShares Quality Dividend Index Fund 1.0 37 11 5.0 -9.5
OSCV Opus Small Cap Value ETF 1.0 79 -31 6.4 -8.1
SMDV ProShares Russell 2000 Dividend Growers ETF 0.9 40 8 7.2 -7.3
ISCB iShares Morningstar Small-Cap ETF 0.9 4 44 5.3 -9.2
ISMD Inspire Small/Mid Cap ETF 0.9 54 -6 6.1 -8.4
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 9 8.9 -5.6
IWM iShares Russell 2000 ETF 0.8 19 29 3.6 -10.9
VTWO Vanguard Russell 2000 ETF 0.8 10 38 3.9 -10.6
FAB First Trust Multi Cap Value AlphaDEX Fund 0.8 67 -19 9.2 -5.2
RNMC First Trust Mid Cap US Equity Select ETF 0.8 60 -12 7.9 -6.6
FYC First Trust Small Cap Growth AlphaDEX Fund 0.8 71 -23 0.9 -13.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.7 39 9 9.4 -5.1
QDEF FlexShares Quality Dividend Defensive Index Fund 0.7 37 11 4.8 -9.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.7 35 13 7.5 -7.0
SCHA Schwab U.S. Small-Cap ETF 0.7 4 44 4.9 -9.6
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 -12 6.0 -8.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 24 8.0 -6.5
VB Vanguard Small-Cap ETF 0.6 5 43 5.4 -9.1
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 41 5.7 -8.7
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 44 5.7 -8.8
STXK Strive Small-Cap ETF 0.6 18 30 5.5 -9.0
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.6 27 21 8.4 -6.1
FNCL Fidelity MSCI Financials Index ETF 0.6 8 40 6.5 -8.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 28 6.7 -7.8
VXF Vanguard Extended Market ETF 0.6 6 42 3.9 -10.6
VFH Vanguard Financials ETF 0.5 10 38 6.4 -8.0
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 36 8.4 -6.1
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 44 6.3 -8.2
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 15 33 7.6 -6.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 33 5.8 -8.7
TOKE Cambria Cannabis ETF 0.5 42 6 -6.2 -20.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.5 80 -32 6.5 -8.0
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 30 8.2 -6.3
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 33 8.2 -6.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 30 7.6 -6.9
ESIX SPDR S&P SmallCap 600 ESG ETF 0.5 12 36 7.8 -6.7
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 23 5.7 -8.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.5 17 31 5.4 -9.1
ONEY SPDR Russell 1000 Yield Focus ETF 0.4 20 28 10.0 -4.5
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 30 7.0 -7.5
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 33 7.1 -7.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.4 29 19 9.1 -5.4
SMLE Xtrackers S&P SmallCap 600 ESG ETF 0.4 15 33 7.6 -6.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 44 6.1 -8.4
SFYX SoFi Next 500 ETF 0.4 0 48 5.6 -8.9
IYF iShares U.S. Financials ETF 0.4 40 8 6.3 -8.2
FLDZ RiverNorth Patriot ETF 0.4 75 -27 5.8 -8.7
ETHO Etho Climate Leadership U.S. ETF 0.3 47 1 4.1 -10.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.3 15 33 6.3 -8.2
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.3 35 13 10.5 -4.0
FDM First Trust Dow Jones Select MicroCap Index Fund 0.3 60 -12 7.9 -6.6
SSLY Syntax Stratified SmallCap ETF 0.3 40 8 7.5 -7.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -22 1.8 -12.7
ROSC Hartford Multifactor Small Cap ETF 0.3 34 14 10.1 -4.4
SMMD iShares Russell 2500 ETF 0.3 15 33 6.0 -8.5
XJH iShares ESG Screened S&P Mid-Cap ETF 0.3 12 36 6.8 -7.7
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.3 12 36 7.3 -7.1
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.3 15 33 7.1 -7.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -16 2.1 -12.4
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 33 7.6 -6.9
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 25 6.8 -7.7
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 38 6.9 -7.6
IWS iShares Russell Mid-Cap Value ETF 0.2 23 25 6.6 -7.9
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 6.9 -7.6
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 7.0 -7.5
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 19 6.3 -8.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.2 20 28 8.0 -6.5
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 9 7.3 -7.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 6.0 -8.5
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 24 7.8 -6.7
DIVB iShares Core Dividend ETF 0.2 5 43 8.0 -6.5
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 18 8.0 -6.5
ONEO SPDR Russell 1000 Momentum Focus ETF 0.2 20 28 7.1 -7.4
IWR iShares Russell Midcap ETF 0.2 19 29 5.7 -8.8
PSC Principal U.S. Small-Cap ETF 0.2 38 10 6.6 -7.9
DEUS Xtrackers Russell US Multifactor ETF 0.2 17 31 7.1 -7.4
STXV Strive 1000 Value ETF 0.1 18 30 7.8 -6.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 7.1 -7.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 5.7 -8.8
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 36 7.1 -7.4
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.1 20 28 4.5 -10.0
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 8.7 -5.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 6.0 -8.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.1 30 18 9.3 -5.2
IWD iShares Russell 1000 Value ETF 0.1 19 29 6.6 -7.9
VONV Vanguard Russell 1000 Value ETF 0.1 8 40 6.7 -7.8
IWV iShares Russell 3000 ETF 0.1 20 28 5.0 -9.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 5.1 -9.4
VTHR Vanguard Russell 3000 ETF 0.1 10 38 5.1 -9.4
VTI Vanguard Total Stock Market ETF 0.1 3 45 5.1 -9.4
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 5.2 -9.3
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 5.1 -9.4
SMDY Syntax Stratified MidCap ETF 0.1 35 13 6.3 -8.2
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 6.7 -7.8
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.1 47 1 9.8 -4.7
DFSV Dimensional US Small Cap Value ETF 0.1 31 17 8.9 -5.6
LRGF iShares U.S. Equity Factor ETF 0.1 8 40 5.8 -8.7
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 23 7.1 -7.4
IYY iShares Dow Jones U.S. ETF 0.0 20 28 5.1 -9.4
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.0 30 18 7.6 -6.9
IWB iShares Russell 1000 ETF 0.0 15 33 5.1 -9.3
VT Vanguard Total World Stock ETF 0.0 7 41 5.8 -8.7
SCHK Schwab 1000 Index ETF 0.0 5 43 5.3 -9.2
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 45 5.4 -9.1
VONE Vanguard Russell 1000 ETF 0.0 8 40 5.2 -9.3
DFAS Dimensional U.S. Small Cap ETF 0.0 26 22 6.0 -8.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 5.2 -9.3
IUSV iShares Core S&P US Value ETF 0.0 4 44 6.8 -7.7
ISCG iShares Morningstar Small-Cap Growth ETF 0.0 6 42 2.5 -12.0
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 5.3 -9.2
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.0 15 33 4.9 -9.6
NANC Unusual Whales Subversive Democratic Trading ETF 0.0 75 -27 3.8 -10.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 3.9 -10.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 4.5 -10.0
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 30 5.7 -8.8
PFM Invesco Dividend Achievers ETF 0.0 53 -5 5.7 -8.8
DFUV Dimensional US Marketwide Value ETF 0.0 22 26 7.6 -6.9
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 31 5.7 -8.8
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 5.4 -9.1
KRUZ Unusual Whales Subversive Republican Trading ETF 0.0 75 -27 4.9 -9.6
HKND Humankind US Stock ETF 0.0 11 37 7.0 -7.5
DFAU Dimensional US Core Equity Market ETF 0.0 12 36 5.4 -9.1
DFUS Dimensional U.S. Equity ETF 0.0 9 39 5.1 -9.3

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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

Content on this tab for subscribers only

VALUATION METRICS
  2023 2024E 2025E
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 9.8 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 14.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.55
 
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.