iShares Mortgage Real Estate ETF
ALTAR
Score™		 19.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.0x P/Sales
ratio		 4.9x
P/BV
ratio		 0.7x Div.
yield		 12.6%


  • 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) $556
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) $4,147
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. 24.2 %
ANNALY CAPITAL MANAGEMENT REIT INC 22.5 %
STARWOOD PROPERTY TRUST INC 12.4 %
CAPITAL TRUST-CL A 6.9 %
DYNEX CAPITAL INC 6.8 %
NEW RESIDENTIAL INVESTMENT 6.6 %
ARBOR REALTY TRUST INC 4.9 %
APOLLO COMMERCIAL REAL ESTAT 4.9 %
ARMOUR RESIDENTIAL REIT INC 4.3 %
ELLINGTON FINANCIAL LLC 4.2 %
Total 97.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 63.8 %










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.
2.0% 4.1% 0.8% 4.4% -1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.68 41%
MSCI EAFE 0.78 39%
MSCI Emg. Mkts. 0.62 30%

Technical Indicators
Recent close $21.45
30d moving avg. $22.80
Annualized volatility 22.0%
Short interest (ETF) 1.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 872
Turnover 3.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $362

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 170 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™: 19.9%


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
(%)
SRET Global X SuperDividend REIT ETF 30.1 59 -11 12.8 -7.1
RIET Hoya Capital High Dividend Yield ETF 23.6 50 -2 14.1 -5.7
KBWD Invesco KBW High Dividend Yield Financial ETF 22.8 384 -336 17.0 -2.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 16.3 30 18 14.2 -5.7
SDIV Global X Superdividend ETF 13.0 58 -10 13.7 -6.2
XSLV Invesco S&P SmallCap Low Volatility ETF 6.1 25 23 7.7 -12.1
XSVM Invesco S&P SmallCap Value with Momentum ETF 5.8 36 12 9.4 -10.5
HOMZ Hoya Capital Housing ETF 4.3 30 18 10.4 -9.5
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 3.8 80 -32 6.9 -13.0
USVM VictoryShares US Small Mid Cap Value Momentum ETF 3.3 25 23 8.6 -11.3
PSCF Invesco S&P SmallCap Financials ETF 3.3 29 19 9.2 -10.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.0 35 13 8.2 -11.7
FXO First Trust Financials AlphaDEX Fund 2.3 62 -14 8.7 -11.2
SGRT SMART Earnings Growth 30 ETF 2.1 59 -11 3.0 -16.9
IYR iShares U.S. Real Estate ETF 1.8 40 8 7.1 -12.8
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.5 20 28 5.6 -14.2
FYC First Trust Small Cap Growth AlphaDEX Fund 1.4 71 -23 -0.6 -20.5
FYT First Trust Small Cap Value AlphaDEX Fund 1.4 73 -25 10.8 -9.1
AUSF Global X Adaptive U.S. Factor ETF 1.4 27 21 8.1 -11.8
NUSC Nuveen ESG Small-Cap ETF 1.3 31 17 5.4 -14.5
XMLV Invesco S&P MidCap Low Volatility ETF 1.3 25 23 6.7 -13.1
FDVV Fidelity High Dividend ETF 1.3 15 33 7.1 -12.8
FYX First Trust Small Cap Core AlphaDEX Fund 1.2 61 -13 6.1 -13.8
IWN iShares Russell 2000 Value ETF 1.2 24 24 5.3 -14.5
VTWV Vanguard Russell 2000 Value ETF 1.1 10 38 5.5 -14.4
ISCV iShares Morningstar Small Cap Value ETF 1.1 6 42 8.4 -11.5
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.1 29 19 7.0 -12.9
IJS iShares S&P Small-Cap 600 Value ETF 1.1 18 30 9.8 -10.0
FLQS Franklin U.S. Small Cap Multifactor Index ETF 1.1 35 13 6.4 -13.5
SFYX SoFi Next 500 ETF 1.1 0 48 5.0 -14.9
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.0 15 33 9.9 -10.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.0 10 38 9.9 -10.0
OSCV Opus Small Cap Value ETF 1.0 79 -31 6.1 -13.8
FNK First Trust Mid Cap Value AlphaDEX Fund 0.9 70 -22 10.1 -9.8
HDUS Hartford Disciplined US Equity ETF 0.9 19 29 5.0 -14.8
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.8 15 33 6.9 -13.0
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 36 6.9 -13.0
XSMO Invesco S&P SmallCap Momentum ETF 0.8 39 9 4.1 -15.8
FMDE Fidelity Enhanced Mid Cap ETF 0.8 23 25 5.8 -14.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.8 25 23 6.7 -13.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 9 3.9 -15.9
XMVM Invesco S&P MidCap Value with Momentum ETF 0.8 39 9 8.0 -11.9
ISMD Inspire Small/Mid Cap ETF 0.8 54 -6 5.9 -14.0
VBR Vanguard Small Cap Value ETF 0.8 7 41 8.4 -11.5
IJR iShares Core S&P Small Cap ETF 0.7 6 42 7.0 -12.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.7 39 9 2.6 -17.3
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 33 5.5 -14.4
SIXL ETC 6 Meridian Low Beta Equity ETF 0.7 80 -32 5.8 -14.1
YOLO AdvisorShares Pure Cannabis ETF 0.7 103 -55 -6.2 -26.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 45 7.1 -12.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 41 6.9 -13.0
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 9 8.4 -11.5
IWC iShares Micro-Cap ETF 0.6 60 -12 -1.5 -21.4
ISCB iShares Morningstar Small-Cap ETF 0.6 4 44 5.8 -14.0
FNX First Trust Mid Cap Core AlphaDEX Fund 0.6 60 -12 6.7 -13.2
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.6 35 13 6.9 -13.0
STXM Strive Mid-Cap ETF 0.6 18 30 5.7 -14.2
IWM iShares Russell 2000 ETF 0.6 19 29 3.0 -16.9
RSSL Global X Russell 2000 ETF 0.6 8 40 3.0 -16.8
ESIX State Street SPDR S&P SmallCap 600 ESG ETF 0.6 12 36 7.4 -12.5
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -19 9.1 -10.8
RFV Invesco S&P Midcap 400 Pure Value ETF 0.5 35 13 12.4 -7.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.5 24 24 7.5 -12.4
VXF Vanguard Extended Market ETF 0.5 5 43 4.1 -15.7
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 33 5.5 -14.4
SCHA Schwab U.S. Small-Cap ETF 0.5 4 44 4.9 -14.9
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 41 5.8 -14.1
VTWO Vanguard Russell 2000 ETF 0.5 7 41 3.1 -16.8
SCHM Schwab U.S. Mid-Cap ETF 0.5 4 44 6.4 -13.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.5 4 44 5.8 -14.1
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.5 9 39 4.2 -15.7
VFH Vanguard Financials ETF 0.5 9 39 6.5 -13.3
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.5 20 28 4.5 -15.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.5 4 44 5.9 -14.0
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 0.5 12 36 3.7 -16.2
VB Vanguard Small-Cap ETF 0.5 5 43 5.6 -14.2
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 36 7.6 -12.3
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.5 20 28 9.1 -10.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 30 7.0 -12.8
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 11 5.6 -14.3
QDF FlexShares Quality Dividend Index Fund 0.4 37 11 5.7 -14.2
FNCL Fidelity MSCI Financials Index ETF 0.4 8 40 6.5 -13.4
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 30 4.1 -15.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.4 52 -4 5.6 -14.3
FLDZ RiverNorth Patriot ETF 0.4 75 -27 5.8 -14.1
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 33 4.1 -15.8
IYF iShares U.S. Financials ETF 0.4 40 8 6.1 -13.8
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 38 4.1 -15.8
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.4 15 33 8.7 -11.2
WSML iShares MSCI World Small-Cap ETF 0.4 15 33 5.8 -14.1
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 30 8.4 -11.5
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.4 15 33 8.4 -11.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 10 38 8.6 -11.3
FSMD Fidelity Small-Mid Multifactor ETF 0.4 15 33 7.1 -12.8
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.3 17 31 5.4 -14.4
ETHO Etho Climate Leadership U.S. ETF 0.3 47 1 4.9 -15.0
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 23 5.3 -14.6
SMMD iShares Russell 2500 ETF 0.3 15 33 6.1 -13.7
FESM Fidelity Enhanced Small Cap ETF 0.3 28 20 2.6 -17.2
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 33 7.3 -12.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.3 64 -16 1.5 -18.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.3 24 24 6.6 -13.3
CVY Invesco Zacks Multi-Asset Income ETF 0.3 106 -58 10.6 -9.3
FELV Fidelity Enhanced Large Cap Value ETF 0.2 18 30 6.1 -13.8
SFGV Sequoia Global Value ETF 0.2 23 25 7.4 -12.5
IWS iShares Russell Mid-Cap Value ETF 0.2 23 25 6.5 -13.4
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 33 6.5 -13.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 36 6.4 -13.5
OPTZ Optimize Strategy Index ETF 0.2 50 -2 4.2 -15.7
STXK Strive Small-Cap ETF 0.2 18 30 5.6 -14.2
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 25 6.4 -13.5
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 6.5 -13.4
ROSC Hartford Multifactor Small Cap ETF 0.2 34 14 7.8 -12.1
IWR iShares Russell Midcap ETF 0.2 19 29 5.7 -14.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 6.5 -13.3
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 41 6.5 -13.4
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 6.3 -13.5
PTL Inspire 500 ETF 0.2 9 39 4.7 -15.1
LRGF iShares U.S. Equity Factor ETF 0.2 8 40 5.0 -14.9
PSC Principal U.S. Small-Cap ETF 0.1 38 10 4.1 -15.8
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 8 4.4 -15.5
FPX First Trust US Equity Opportunities ETF 0.1 61 -13 1.0 -18.9
STXV Strive 1000 Value ETF 0.1 18 30 7.1 -12.8
PRF Invesco FTSE RAFI US 1000 ETF 0.1 34 14 6.1 -13.7
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 6.7 -13.2
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 36 6.6 -13.2
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 36 3.8 -16.1
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 31 6.7 -13.2
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 28 7.5 -12.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 19 6.0 -13.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 43 7.8 -12.1
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 4.9 -15.0
ISCG iShares Morningstar Small-Cap Growth ETF 0.1 6 42 3.0 -16.9
REVS Columbia Research Enhanced Value ETF 0.1 19 29 7.2 -12.7
IWD iShares Russell 1000 Value ETF 0.1 19 29 5.8 -14.1
VONV Vanguard Russell 1000 Value ETF 0.1 7 41 5.9 -14.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 5.3 -14.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 8.6 -11.3
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 6.5 -13.4
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 36 5.8 -14.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 4.4 -15.4
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 23 6.7 -13.2
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 4.5 -15.3
VTI Vanguard Total Stock Market ETF 0.1 3 45 4.4 -15.4
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 6.0 -13.9
IWV iShares Russell 3000 ETF 0.1 20 28 4.3 -15.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.1 27 21 6.4 -13.5
VTHR Vanguard Russell 3000 ETF 0.1 7 41 4.4 -15.4
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 4.5 -15.4
IWO iShares Russell 2000 Growth ETF 0.1 24 24 0.6 -19.3
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 33 4.6 -15.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 3.2 -16.7
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 4.4 -15.4
RECS Columbia Research Enhanced Core ETF 0.0 15 33 5.6 -14.2
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 38 0.7 -19.1
SCHK Schwab 1000 Index ETF 0.0 5 43 4.6 -15.3
IWB iShares Russell 1000 ETF 0.0 15 33 4.5 -15.4
IYY iShares Dow Jones U.S. ETF 0.0 20 28 4.4 -15.5
VONE Vanguard Russell 1000 ETF 0.0 7 41 4.5 -15.3
DIVB iShares Core Dividend ETF 0.0 5 43 7.7 -12.2
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 4.6 -15.3
VT Vanguard Total World Stock ETF 0.0 6 42 5.4 -14.5
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 45 4.7 -15.2
IUSV iShares Core S&P US Value ETF 0.0 4 44 6.1 -13.8
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 3.8 -16.0
VSLU Applied Finance Valuation Large Cap ETF 0.0 49 -1 5.1 -14.8
PFM Invesco Dividend Achievers ETF 0.0 53 -5 4.8 -15.0
PKW Invesco Buyback Achievers ETF 0.0 62 -14 7.6 -12.3
EBI Longview Advantage ETF 0.0 35 13 6.4 -13.5
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 4.5 -15.4

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

  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

Content on this tab for subscribers only

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 14.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 19.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.57
 
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.