iShares Mortgage Real Estate ETF
ALTAR
Score™		 62.8% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 5.9x P/Sales
ratio		 5.2x
P/BV
ratio		 0.8x Div.
yield		 11.6%


  • 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) $592
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) $2,629
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 20.2 %
AGNC INVESTMENT CORP. 14.7 %
STARWOOD PROPERTY TRUST INC 11.2 %
ARBOR REALTY TRUST INC 4.9 %
NEW RESIDENTIAL INVESTMENT 4.7 %
CAPITAL TRUST-CL A 4.3 %
APOLLO COMMERCIAL REAL ESTAT 3.1 %
DYNEX CAPITAL INC 2.9 %
ARMOUR RESIDENTIAL REIT INC 2.9 %
LADDER CAPITAL CORP-CLASS A 2.8 %
Total 71.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 68.2 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.5% 0.6% 4.8% 2.3% -1.7%

Market Correlations
versus... Beta R-squared
S&P500 1.46 66%
MSCI EAFE 1.40 69%
MSCI Emg. Mkts. 1.05 41%

Technical Indicators
Recent close $22.61
30d moving avg. $22.06
Annualized volatility 27.4%
Short interest (ETF) 1.8%
Short interest (Underlying) 2.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 372
Turnover 1.4%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $362

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 167 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™: 62.8%


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 62.0 43 5 50.0 -12.8
RIET Hoya Capital High Dividend Yield ETF 23.9 50 -2 48.7 -14.2
SRET Global X SuperDividend REIT ETF 23.6 59 -11 12.0 -50.8
KBWD Invesco KBW High Dividend Yield Financial ETF 17.6 384 -336 13.2 -49.6
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.7 30 18 13.0 -49.8
SDIV Global X Superdividend ETF 13.0 58 -10 41.3 -21.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.3 36 12 10.4 -52.4
HOMZ Hoya Capital Housing ETF 4.5 30 18 9.3 -53.5
XSLV Invesco S&P SmallCap Low Volatility ETF 4.3 25 23 7.4 -55.4
PSCF Invesco S&P SmallCap Financials ETF 3.3 29 19 9.0 -53.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 2.7 80 -32 7.7 -55.1
RZV Invesco S&P Smallcap 600 Pure Value ETF 2.6 35 13 10.0 -52.9
FYT First Trust Small Cap Value AlphaDEX Fund 2.3 73 -25 10.5 -52.4
VNSE Natixis Vaughan Nelson Select ETF 2.1 80 -32 4.6 -58.2
NUSC Nuveen ESG Small-Cap ETF 2.0 31 17 5.3 -57.5
IJS iShares S&P Small-Cap 600 Value ETF 1.9 18 30 9.7 -53.1
SLYV SPDR S&P 600 Small Cap Value ETF 1.8 15 33 9.7 -53.1
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.8 10 38 9.7 -53.1
IYR iShares U.S. Real Estate ETF 1.8 40 8 7.4 -55.4
AUSF Global X Adaptive U.S. Factor ETF 1.5 27 21 8.7 -54.1
ISCV iShares Morningstar Small Cap Value ETF 1.5 6 42 9.2 -53.6
CVY Invesco Zacks Multi-Asset Income ETF 1.4 106 -58 12.2 -50.6
FDVV Fidelity High Dividend ETF 1.4 15 33 7.6 -55.3
IWN iShares Russell 2000 Value ETF 1.4 24 24 7.3 -55.5
FXO First Trust Financials AlphaDEX Fund 1.4 62 -14 8.1 -54.8
FYX First Trust Small Cap Core AlphaDEX Fund 1.4 61 -13 5.9 -56.9
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.3 25 23 7.8 -55.0
VTWV Vanguard Russell 2000 Value ETF 1.3 10 38 7.3 -55.5
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.3 20 28 6.2 -56.6
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 23 7.5 -55.4
HDUS Hartford Disciplined US Equity ETF 1.3 19 29 5.7 -57.2
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 1.3 27 21 7.0 -55.8
SIXS ETC 6 Meridian Small Cap Equity ETF 1.2 89 -41 9.6 -53.2
OSCV Opus Small Cap Value ETF 1.1 79 -31 6.4 -56.4
ISMD Inspire Small/Mid Cap ETF 1.1 54 -6 5.5 -57.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.1 29 19 8.2 -54.6
XJR iShares ESG Screened S&P Small-Cap ETF 1.0 12 36 7.3 -55.6
SFYX SoFi Next 500 ETF 1.0 0 48 5.7 -57.1
VBR Vanguard Small Cap Value ETF 1.0 7 41 9.1 -53.8
IJR iShares Core S&P Small Cap ETF 0.9 6 42 7.6 -55.3
SMDV ProShares Russell 2000 Dividend Growers ETF 0.9 40 8 7.3 -55.5
XMVM Invesco S&P MidCap Value with Momentum ETF 0.9 39 9 9.6 -53.2
STXK Strive Small-Cap ETF 0.9 18 30 5.8 -57.0
FNDA Schwab Fundamental US Small Co. Index ETF 0.9 25 23 8.2 -54.6
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.9 15 33 7.7 -55.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.9 3 45 7.6 -55.2
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.9 35 13 9.3 -53.5
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 7 41 7.6 -55.3
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 9 5.8 -57.0
IWC iShares Micro-Cap ETF 0.8 60 -12 -0.8 -63.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.8 39 9 5.3 -57.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 39 4.2 -58.6
FNK First Trust Mid Cap Value AlphaDEX Fund 0.8 70 -22 10.8 -52.0
ISCB iShares Morningstar Small-Cap ETF 0.8 4 44 6.2 -56.6
YOLO AdvisorShares Pure Cannabis ETF 0.7 103 -55 -3.6 -66.4
RSSL Global X Russell 2000 ETF 0.7 8 40 4.4 -58.5
IWM iShares Russell 2000 ETF 0.7 19 29 4.3 -58.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.7 67 -19 9.8 -53.1
VTWO Vanguard Russell 2000 ETF 0.7 7 41 4.3 -58.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.7 7 41 6.0 -56.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.6 12 36 7.2 -55.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.6 24 24 8.1 -54.8
SCHA Schwab U.S. Small-Cap ETF 0.6 4 44 5.9 -57.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.6 20 28 5.5 -57.3
ESIX SPDR S&P SmallCap 600 ESG ETF 0.6 12 36 7.9 -55.0
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 44 5.9 -56.9
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 9 9.6 -53.3
RFV Invesco S&P Midcap 400 Pure Value ETF 0.6 35 13 12.9 -49.9
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 33 5.9 -57.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.6 52 -4 6.3 -56.5
VB Vanguard Small-Cap ETF 0.6 5 43 6.1 -56.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 33 8.9 -53.9
VXF Vanguard Extended Market ETF 0.5 5 43 4.7 -58.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 30 7.7 -55.2
QDF FlexShares Quality Dividend Index Fund 0.5 37 11 6.2 -56.7
QDEF FlexShares Quality Dividend Defensive Index Fund 0.5 37 11 6.0 -56.8
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 44 6.6 -56.2
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 36 8.1 -54.7
ONEY SPDR Russell 1000 Yield Focus ETF 0.5 20 28 9.4 -53.4
IJJ iShares S&P Mid-Cap 400 Value ETF 0.5 18 30 8.6 -54.2
MDYV SPDR S&P 400 Mid Cap Value ETF 0.5 15 33 8.7 -54.2
FNCL Fidelity MSCI Financials Index ETF 0.5 8 40 6.3 -56.5
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 44 6.1 -56.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.5 10 38 8.8 -54.0
VFH Vanguard Financials ETF 0.5 9 39 6.3 -56.5
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.4 15 33 6.0 -56.9
FESM Fidelity Enhanced Small Cap ETF 0.4 28 20 7.2 -55.6
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.4 25 23 5.6 -57.2
FLDZ RiverNorth Patriot ETF 0.4 75 -27 6.1 -56.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 31 5.7 -57.2
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 -12 7.3 -55.6
IYF iShares U.S. Financials ETF 0.4 40 8 5.7 -57.1
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.4 15 33 7.9 -55.0
SMMD iShares Russell 2500 ETF 0.4 15 33 6.1 -56.7
JSML Janus Henderson Small Cap Growth Alpha ETF 0.4 30 18 7.8 -55.1
ROSC Hartford Multifactor Small Cap ETF 0.3 34 14 9.2 -53.7
ETHO Etho Climate Leadership U.S. ETF 0.3 47 1 5.3 -57.5
FBCV Fidelity Blue Chip Value ETF 0.3 59 -11 7.4 -55.5
STXM Strive Mid-Cap ETF 0.3 18 30 6.1 -56.7
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -23 0.5 -62.4
IWS iShares Russell Mid-Cap Value ETF 0.2 23 25 6.7 -56.1
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 36 7.0 -55.8
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 7.3 -55.6
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 24 7.1 -55.7
PSC Principal U.S. Small-Cap ETF 0.2 38 10 6.8 -56.0
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 24 7.7 -55.2
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 7.3 -55.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 33 7.2 -55.6
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 41 7.4 -55.5
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 18 8.2 -54.6
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 6.8 -56.1
LRGF iShares U.S. Equity Factor ETF 0.2 8 40 5.4 -57.4
IWR iShares Russell Midcap ETF 0.2 19 29 5.7 -57.1
TOKE Cambria Cannabis ETF 0.2 42 6 1.0 -61.9
OPTZ Optimize Strategy Index ETF 0.2 50 -2 4.6 -58.3
FELC Fidelity Enhanced Large Cap Core ETF 0.2 18 30 5.2 -57.7
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 30 6.7 -56.1
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.2 35 13 7.1 -55.7
VLU SPDR S&P 1500 Value Tilt ETF 0.1 12 36 7.4 -55.4
PRF Invesco FTSE RAFI US 1000 ETF 0.1 39 9 6.8 -56.1
FMDE Fidelity Enhanced Mid Cap ETF 0.1 23 25 5.7 -57.1
STXV Strive 1000 Value ETF 0.1 18 30 8.0 -54.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 19 6.4 -56.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 7.2 -55.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 28 7.6 -55.2
PTL Inspire 500 ETF 0.1 9 39 5.2 -57.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 5.7 -57.1
LQPE PEO AlphaQuest Thematic PE ETF 0.1 125 -77 5.3 -57.6
IWD iShares Russell 1000 Value ETF 0.1 19 29 6.4 -56.4
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 42 2.9 -59.9
VONV Vanguard Russell 1000 Value ETF 0.1 7 41 6.5 -56.3
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 9.3 -53.5
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.1 30 18 6.6 -56.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 36 6.5 -56.3
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 6.9 -55.9
DIVB iShares Core Dividend ETF 0.1 5 43 8.0 -54.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 4.9 -58.0
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 6.7 -56.2
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 23 7.2 -55.6
IWV iShares Russell 3000 ETF 0.1 20 28 4.7 -58.1
VTHR Vanguard Russell 3000 ETF 0.1 7 41 4.8 -58.0
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 5.0 -57.8
VTI Vanguard Total Stock Market ETF 0.1 3 45 4.9 -58.0
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 43 7.9 -54.9
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 4.7 -58.1
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 33 4.9 -58.0
IWO iShares Russell 2000 Growth ETF 0.1 24 24 1.3 -61.5
VTWG Vanguard Russell 2000 Growth ETF 0.1 10 38 1.4 -61.4
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -16 2.2 -60.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 33 4.6 -58.2
DEUS Xtrackers Russell US Multifactor ETF 0.0 17 31 7.0 -55.8
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 4.9 -58.0
SCHK Schwab 1000 Index ETF 0.0 5 43 5.0 -57.9
IWB iShares Russell 1000 ETF 0.0 15 33 4.8 -58.0
IYY iShares Dow Jones U.S. ETF 0.0 20 28 4.8 -58.1
VONE Vanguard Russell 1000 ETF 0.0 7 41 4.9 -57.9
VT Vanguard Total World Stock ETF 0.0 6 42 5.9 -57.0
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 45 5.1 -57.7
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 4.9 -57.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 4.5 -58.3
IUSV iShares Core S&P US Value ETF 0.0 4 44 6.4 -56.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 3.7 -59.1
HKND Humankind US Stock ETF 0.0 11 37 7.1 -55.7
PFM Invesco Dividend Achievers ETF 0.0 53 -5 5.3 -57.6
PKW Invesco Buyback Achievers ETF 0.0 62 -14 7.1 -55.7
EBI Longview Advantage ETF 0.0 35 13 6.5 -56.3
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 4.8 -58.0

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 46.6 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 62.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.59
 
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.