iShares Mortgage Real Estate ETF
ALTAR
Score™		 14.0% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 7.9x P/Sales
ratio		 3.0x
P/BV
ratio		 0.7x Div.
yield		 12.4%


  • 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) $630
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) $2,159
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 54.2%
Small cap (<$2bn) 45.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANNALY CAPITAL MANAGEMENT REIT INC 15.6 %
AGNC INVESTMENT CORP. 11.3 %
STARWOOD PROPERTY TRUST INC 9.7 %
NEW RESIDENTIAL INVESTMENT 8.8 %
ARBOR REALTY TRUST INC 5.1 %
CAPITAL TRUST-CL A 4.6 %
LADDER CAPITAL CORP-CLASS A 3.2 %
APOLLO COMMERCIAL REAL ESTAT 3.1 %
TWO HARBORS INVESTMENT CORP 2.9 %
CHIMERA INVESTMENT CORP 2.8 %
Total 67.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 72.6 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.0% 23.9% -3.6% 2.0% -1.3%

Market Correlations
versus... Beta R-squared
S&P500 1.46 74%
MSCI EAFE 1.39 70%
MSCI Emg. Mkts. 1.12 44%

Technical Indicators
Recent close $22.62
30d moving avg. $23.14
Annualized volatility 29.5%
Short interest (ETF) 0.7%
Short interest (Underlying) 2.7%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 340
Turnover 1.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $444

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 182 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™: 14.0%


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 65.1 43 5 12.7 -1.3
SRET Global X SuperDividend REIT ETF 22.7 59 -11 9.7 -4.3
RIET Hoya Capital High Dividend Yield ETF 22.1 50 -2 12.3 -1.7
KBWD Invesco KBW High Dividend Yield Financial ETF 20.6 384 -336 9.3 -4.7
SDIV Global X Superdividend ETF 14.2 58 -10 14.9 +0.9
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 13.0 30 18 10.0 -4.0
ERNZ TrueShares Active Yield ETF 4.7 75 -27 10.9 -3.1
SCAP InfraCap Small Cap Income ETF 3.7 135 -87 8.5 -5.5
PSCF Invesco S&P SmallCap Financials ETF 3.4 29 19 8.5 -5.5
XSLV Invesco S&P SmallCap Low Volatility ETF 3.3 25 23 6.8 -7.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.1 36 12 11.1 -2.9
HOMZ Hoya Capital Housing ETF 2.9 30 18 7.0 -7.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 1.8 29 19 6.5 -7.5
FYT First Trust Small Cap Value AlphaDEX Fund 1.7 73 -25 7.8 -6.2
FXO First Trust Financials AlphaDEX Fund 1.6 62 -14 7.4 -6.6
ISCV iShares Morningstar Small Cap Value ETF 1.6 6 42 7.2 -6.8
AUSF Global X Adaptive U.S. Factor ETF 1.5 27 21 8.6 -5.4
IJS iShares S&P Small-Cap 600 Value ETF 1.5 18 30 7.4 -6.6
RZG Invesco S&P Smallcap 600 Pure Growth ETF 1.5 35 13 5.9 -8.1
RNSC Furst Trust Small Cap US Equity Select ETF 1.5 60 -12 6.8 -7.2
IYR iShares U.S. Real Estate ETF 1.4 40 8 6.0 -8.0
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.4 15 33 7.4 -6.6
SLYV SPDR S&P 600 Small Cap Value ETF 1.4 15 33 7.4 -6.6
IWN iShares Russell 2000 Value ETF 1.4 24 24 4.8 -9.2
VTWV Vanguard Russell 2000 Value ETF 1.4 15 33 4.9 -9.1
USVM VictoryShares US Small Mid Cap Value Momentum ETF 1.4 25 23 7.2 -6.7
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF 1.3 27 21 0.0 -14.0
HDUS Hartford Disciplined US Equity ETF 1.3 19 29 5.9 -8.1
NUSC Nuveen ESG Small-Cap ETF 1.2 31 17 5.0 -9.0
FYX First Trust Small Cap Core AlphaDEX Fund 1.1 61 -13 4.6 -9.4
XMLV Invesco S&P MidCap Low Volatility ETF 1.1 25 23 6.6 -7.4
XJR iShares ESG Screened S&P Small-Cap ETF 1.1 12 36 7.0 -7.0
OSCV Opus Small Cap Value ETF 1.1 79 -31 5.7 -8.3
IWC iShares Micro-Cap ETF 1.0 60 -12 -4.9 -18.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 1.0 39 9 4.1 -9.9
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -41 8.2 -5.8
YOLO AdvisorShares Pure Cannabis ETF 1.0 103 -55 -38.0 -52.0
MJ ETFMG Alternative Harvest 1.0 75 -27 -42.4 -56.4
ISMD Inspire Small/Mid Cap ETF 1.0 54 -6 5.3 -8.7
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 1.0 15 33 7.5 -6.5
FNDA Schwab Fundamental US Small Co. Index ETF 1.0 25 23 6.0 -8.0
XMVM Invesco S&P MidCap Value with Momentum ETF 1.0 39 9 9.9 -4.1
IJR iShares Core S&P Small Cap ETF 1.0 6 42 6.6 -7.4
VBR Vanguard Small Cap Value ETF 1.0 7 41 7.8 -6.2
QDF FlexShares Quality Dividend Index Fund 0.9 37 11 4.2 -9.8
VIOO Vanguard S&P Small-Cap 600 ETF 0.9 10 38 6.6 -7.4
QDEF FlexShares Quality Dividend Defensive Index Fund 0.9 37 11 3.9 -10.1
SPSM SPDR Portfolio S&P 600 Small Cap ETF 0.9 3 45 6.7 -7.3
CVY Invesco Zacks Multi-Asset Income ETF 0.9 106 -58 9.8 -4.2
SMDV ProShares Russell 2000 Dividend Growers ETF 0.8 40 8 6.4 -7.6
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.8 9 39 3.3 -10.6
STXK Strive Small-Cap ETF 0.8 18 30 5.0 -9.0
ISCB iShares Morningstar Small-Cap ETF 0.8 4 44 4.8 -9.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 0.8 80 -32 5.8 -8.2
RFDA RiverFront Dynamic US Dividend Advantage ETF 0.7 52 -4 5.3 -8.7
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.7 35 13 6.6 -7.4
IWM iShares Russell 2000 ETF 0.7 19 29 2.8 -11.2
VTWO Vanguard Russell 2000 ETF 0.7 10 38 2.9 -11.1
ESIX SPDR S&P SmallCap 600 ESG ETF 0.7 12 36 7.4 -6.6
RSSL Global X Russell 2000 ETF 0.7 8 40 2.6 -11.4
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 33 5.8 -8.2
FNK First Trust Mid Cap Value AlphaDEX Fund 0.7 70 -22 10.0 -4.0
SFYX SoFi Next 500 ETF 0.7 0 48 4.7 -9.3
MJUS ETFMG U.S. Alternative Harvest ETF 0.7 76 -28 3.5 -10.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.7 20 28 4.6 -9.4
CNBS Amplify Seymour Cannabis ETF 0.6 75 -27 -32.0 -46.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.6 24 24 7.3 -6.7
SCHA Schwab U.S. Small-Cap ETF 0.6 4 44 4.4 -9.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.6 39 9 7.5 -6.4
BKSE BNY Mellon US Small Cap Core Equity ETF 0.6 4 44 4.8 -9.2
FESM Fidelity Enhanced Small Cap ETF 0.6 28 20 1.7 -12.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.6 7 41 5.3 -8.7
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.6 15 33 9.3 -4.7
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF 0.6 60 -12 6.3 -7.7
FAB First Trust Multi Cap Value AlphaDEX Fund 0.6 67 -19 8.6 -5.4
FNCL Fidelity MSCI Financials Index ETF 0.6 8 40 5.6 -8.4
FYC First Trust Small Cap Growth AlphaDEX Fund 0.5 71 -23 -0.5 -14.4
SMLF iShares U.S. SmallCap Equity Factor ETF 0.5 15 33 4.6 -9.4
VB Vanguard Small-Cap ETF 0.5 5 43 4.9 -9.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 30 7.2 -6.8
JVAL JPMorgan U.S. Value Factor ETF 0.5 12 36 7.8 -6.2
VXF Vanguard Extended Market ETF 0.5 6 42 3.5 -10.5
JSML Janus Henderson Small Cap Growth Alpha ETF 0.5 30 18 6.5 -7.5
VFH Vanguard Financials ETF 0.5 10 38 5.7 -8.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.5 25 23 5.2 -8.8
CSML IndexIQ ETF Trust IQ U.S. Small Cap ETF 0.4 35 13 4.6 -9.4
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 44 6.0 -8.0
IJJ iShares S&P Mid-Cap 400 Value ETF 0.4 18 30 6.9 -7.0
MDYV SPDR S&P 400 Mid Cap Value ETF 0.4 15 33 7.0 -7.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.4 15 33 7.0 -7.0
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 30 5.8 -8.2
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 44 5.6 -8.4
FNX First Trust Mid Cap Core AlphaDEX Fund 0.4 60 -12 6.8 -7.2
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 15 33 5.8 -8.2
SLYG SPDR S&P 600 Small Cap Growth ETF 0.4 15 33 5.8 -8.2
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.4 39 9 5.8 -8.2
TOKE Cambria Cannabis ETF 0.4 42 6 1.8 -12.2
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 31 4.7 -9.3
ETHO Etho Climate Leadership U.S. ETF 0.3 47 1 3.4 -10.6
SSLY Syntax Stratified SmallCap ETF 0.3 40 8 7.4 -6.6
FLDZ RiverNorth Patriot ETF 0.3 75 -27 5.2 -8.8
IYF iShares U.S. Financials ETF 0.3 40 8 5.4 -8.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.3 15 33 6.8 -7.2
ROSC Hartford Multifactor Small Cap ETF 0.3 34 14 8.6 -5.4
SMMD iShares Russell 2500 ETF 0.3 15 33 5.5 -8.5
ONEY SPDR Russell 1000 Yield Focus ETF 0.3 20 28 9.3 -4.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 0.3 30 18 5.4 -8.6
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -22 2.7 -11.3
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 36 6.5 -7.5
RZV Invesco S&P Smallcap 600 Pure Value ETF 0.2 35 13 8.1 -5.9
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 33 6.7 -7.3
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 33 6.8 -7.2
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 6.4 -7.6
MDY SPDR S&P Midcap 400 ETF Trust 0.2 24 24 6.2 -7.8
IWS iShares Russell Mid-Cap Value ETF 0.2 23 25 6.2 -7.7
SPMD SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 6.4 -7.6
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 10 38 6.4 -7.6
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 0.2 12 36 7.2 -6.8
OPTZ Optimize Strategy Index ETF 0.2 50 -2 2.9 -11.1
FLQM Franklin U.S. Mid Cap Multifactor Index ETF 0.2 30 18 7.9 -6.0
STXM Strive Mid-Cap ETF 0.2 18 30 6.1 -7.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.2 64 -16 1.8 -12.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 6.3 -7.7
PRF Invesco FTSE RAFI US 1000 ETF 0.2 39 9 6.8 -7.2
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.2 24 24 7.0 -7.0
PSC Principal U.S. Small-Cap ETF 0.2 38 10 5.9 -8.1
VLU SPDR S&P 1500 Value Tilt ETF 0.2 12 36 6.7 -7.3
IWR iShares Russell Midcap ETF 0.2 19 29 5.4 -8.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.2 29 19 6.4 -7.6
STXV Strive 1000 Value ETF 0.1 18 30 7.5 -6.4
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 6.8 -7.2
PTL Inspire 500 ETF 0.1 9 39 5.6 -8.4
DIVB iShares Core Dividend ETF 0.1 5 43 7.5 -6.5
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 5.9 -8.1
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 43 7.3 -6.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 5.4 -8.6
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 6.9 -7.0
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 31 6.9 -7.1
IWD iShares Russell 1000 Value ETF 0.1 19 29 6.1 -7.9
VONV Vanguard Russell 1000 Value ETF 0.1 8 40 6.3 -7.7
ONEO SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 6.8 -7.2
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 36 6.2 -7.8
IWV iShares Russell 3000 ETF 0.1 20 28 4.7 -9.3
LRGF iShares U.S. Equity Factor ETF 0.1 8 40 5.6 -8.4
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 4.9 -9.1
VTHR Vanguard Russell 3000 ETF 0.1 10 38 4.7 -9.3
VTI Vanguard Total Stock Market ETF 0.1 3 45 4.7 -9.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 4.8 -9.2
SMDY Syntax Stratified MidCap ETF 0.1 35 13 5.8 -8.2
REVS Columbia Research Enhanced Value ETF 0.1 19 29 7.4 -6.6
LVHD Franklin U.S. Low Volatility High Dividend Index ETF 0.1 27 21 7.1 -6.9
ESGV Vanguard ESG U.S. Stock ETF 0.1 9 39 4.8 -9.2
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.1 15 33 4.9 -9.1
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 6.4 -7.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 0.1 15 33 4.7 -9.3
FNDX Schwab Fundamental US Large Co. Index ETF 0.0 25 23 6.8 -7.2
SCHK Schwab 1000 Index ETF 0.0 5 43 5.0 -9.0
IYY iShares Dow Jones U.S. ETF 0.0 20 28 4.8 -9.2
IWB iShares Russell 1000 ETF 0.0 15 33 4.8 -9.1
VONE Vanguard Russell 1000 ETF 0.0 8 40 4.9 -9.1
VT Vanguard Total World Stock ETF 0.0 7 41 5.5 -8.5
SPTM SPDR Portfolio S&P 1500 Composite Stock Market ETF 0.0 3 45 5.1 -8.9
ONEV SPDR Russell 1000 Low Volatility Focus ETF 0.0 20 28 7.6 -6.4
RECS Columbia Research Enhanced Core ETF 0.0 15 33 5.5 -8.5
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 4.9 -9.1
IUSV iShares Core S&P US Value ETF 0.0 4 44 6.4 -7.6
DFSV Dimensional US Small Cap Value ETF 0.0 31 17 8.3 -5.7
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 5.0 -9.0
DFAS Dimensional U.S. Small Cap ETF 0.0 26 22 5.5 -8.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 3.8 -10.2
HKND Humankind US Stock ETF 0.0 11 37 7.1 -6.9
IWO iShares Russell 2000 Growth ETF 0.0 24 24 0.6 -13.4
VTWG Vanguard Russell 2000 Growth ETF 0.0 15 33 0.7 -13.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 4.5 -9.5
PFM Invesco Dividend Achievers ETF 0.0 53 -5 5.3 -8.7
DFSU Dimensional US Sustainability Core 1 ETF 0.0 18 30 5.4 -8.6
DCOR Dimensional US Core Equity 1 ETF 0.0 14 34 5.3 -8.7
DFUV Dimensional US Marketwide Value ETF 0.0 22 26 7.2 -6.8
DFAC Dimensional U.S. Core Equity 2 ETF 0.0 17 31 5.3 -8.7
DFAU Dimensional US Core Equity Market ETF 0.0 12 36 5.0 -9.0
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 5.0 -9.0
DFUS Dimensional U.S. Equity ETF 0.0 9 39 4.9 -9.1

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%.

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 9.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 14.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 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.