iShares MSCI Global Silver Miners ETF
ALTAR
Score™
1.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
38.1x P/Sales
ratio
2.8x
P/BV
ratio
1.6x Div.
yield
0.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Global Silver Miners Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI ACWI Select Silver Miners Investable Market Index.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Jan 31, 2012
Assets (mns) $141
Currency USD
Expense ratio 39 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 30
Wgt avg mkt cap (mns) $6,488
Large cap (>$10bn) 12.4%
Mid cap ($2-10bn) 42.5%
Small cap (<$2bn) 45.1%
Developed mkts 87.0%
Emerging mkts 13.0%

TOP TEN HOLDINGS
PAN AMERICAN SILVER CORP 18.5 %
SSR MINING INC 7.5 %
NEWMONT MINING CORP 7.2 %
HARMONY GOLD MINING CO LTD 5.4 %
HECLA MINING CO 4.8 %
FIRST MAJESTIC SILVER CORP 4.5 %
ELDORADO GOLD CORP 4.3 %
INDUSTRIAS PENOLES SAB DE CV 3.9 %
COEUR D'ALENE MINES CORP 3.5 %
MAG SILVER CORP 3.4 %
Total 63.0 %

TOP COUNTRY EXPOSURE
CANADA 64.5 %
UNITED STATES 15.4 %
SOUTH AFRICA 5.3 %
MEXICO 4.0 %
JAPAN 3.0 %
BRITAIN 2.9 %
PERU 0.7 %
RUSSIA 0.5 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
19.4% 47.0% 11.9% -- -6.1%

Market Correlations
versus... Beta R-squared
S&P500 1.11 26%
MSCI EAFE 1.31 31%
MSCI Emg. Mkts. 1.08 34%

Technical Indicators
Recent close $13.10
30d moving avg. $12.40
Annualized volatility 37.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 161
Turnover 1.5%
Bid/Ask (% of price) 0.37%
ADV underlying (mns) $2,953

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Global Silver Miners ETF ETF based on the alternatives' overlap in portfolio holdings with SLVP. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SLVP Expense: 39 bp ALTAR Score™: 1.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SLVP
Ticker Fund
Name
Overlap1
vs SLVP
(%)
Expense
ratio
(bp)
Savings
vs SLVP
(bp)
ALTAR
Score™
(%)
ALTAR
vs SLVP
(%)
SILJ ETFMG Prime Junior Silver ETF 50.0 69 -30 0.5 -1.2
SIL Global X Silver Miners ETF 46.4 66 -27 1.8 +0.1
RING iShares MSCI Global Gold Miners ETF 20.9 39 0 3.4 +1.7
GOEX Global X Gold Explorers ETF 20.6 65 -26 3.2 +1.5
SGDM Sprott Gold Miners ETF 19.9 50 -11 2.9 +1.2
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 19.7 60 -21 2.5 +0.8
SGDJ ALPS Sprott Junior Gold Miners ETF 16.7 50 -11 3.4 +1.7
XME SPDR S&P Metals & Mining ETF 13.3 35 4 8.5 +6.8
NANR SPDR S&P North American Natural Resources ETF 13.1 35 4 3.4 +1.8
GDX VanEck Vectors Gold Miners ETF 9.3 52 -13 2.9 +1.2
EPU iShares MSCI All Peru Capped ETF 8.4 59 -20 5.8 +4.1
XLB Materials Select Sector SPDR Fund 7.2 13 26 5.9 +4.2
IYM iShares U.S. Basic Materials ETF 7.2 42 -3 5.4 +3.7
GUNR Flexshares Morningstar Global Upstream Natural Resources 6.5 46 -7 5.8 +4.2
FMAT Fidelity MSCI Materials Index ETF 6.4 8 31 6.1 +4.4
VAW Vanguard Materials Index Fund 6.3 10 29 6.1 +4.4
GDXJ VanEck Vectors Junior Gold Miners ETF 5.9 53 -14 2.8 +1.1
MXI iShares Global Materials ETF 5.1 46 -7 6.1 +4.4
JHMA John Hancock Multifactor Materials ETF 5.1 40 -1 6.8 +5.1
GNR SPDR S&P Global Natural Resources ETF 4.2 40 -1 6.7 +5.0
IGE iShares North American Natural Resources ETF 4.1 46 -7 4.1 +2.4
PYZ Invesco DWA Basic Materials Momentum ETF 3.9 60 -21 6.1 +4.4
RTM Invesco S&P 500 Equal Weight Materials ETF 3.9 40 -1 6.3 +4.6
FCAN First Trust Canada AlphaDex Fund 3.8 80 -41 4.8 +3.1
EWC iShares MSCI Canada ETF 3.7 49 -10 6.9 +5.2
FXZ First Trust Materials AlphaDEX Fund 3.6 65 -26 7.3 +5.6
AGT iShares MSCI Argentina & Global Exposure ETF A 3.3 59 -20 5.4 +3.7
ARGT Global X MSCI Argentina ETF 3.3 60 -21 5.4 +3.7
BBCA JPMorgan BetaBuilders Canada ETF 3.3 19 20 7.1 +5.4
QCAN SPDR MSCI Canada Quality Mix ETF 3.2 14 25 7.2 +5.5
GRES IQ Global Resources ETF 3.2 77 -38 7.6 +5.9
FLCA Franklin FTSE Canada ETF 2.9 9 30 7.4 +5.7
VOE Vanguard Mid-Cap Value Index Fund 2.8 7 32 8.0 +6.4
AIIQ AI Powered International Equity ETF 2.5 79 -40 4.6 +3.0
SPMV Invesco S&P 500 Minimum Variance ETF 2.5 10 29 5.9 +4.2
SDGA Impact Shares Sustainable Development Goals Global ETF 2.3 75 -36 5.4 +3.8
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 2.3 45 -6 8.3 +6.6
JKE iShares Morningstar Large-Cap Growth ETF 2.3 25 14 2.9 +1.2
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 2.1 49 -10 4.9 +3.2
ABEQ Absolute Core Strategy ETF 2.1 85 -46 4.7 +3.0
ACWV iShares Edge MSCI Min Vol Global ETF 2.0 20 19 5.7 +4.0
QMOM Alpha Architect U.S. Quantitative Momentum ETF 2.0 49 -10 2.2 +0.5
FTCS First Trust Capital Strength ETF 2.0 58 -19 4.9 +3.3
PWC Invesco Dynamic Market ETF 1.9 59 -20 4.9 +3.2
BIBL Inspire ETF 1.9 35 4 4.9 +3.2
VFMV Vanguard U.S. Minimum Volatility ETF 1.8 13 26 3.9 +2.3
SFYF SoFi 50 ETF 1.8 29 10 5.4 +3.7
SCHC Schwab International Small-Cap Equity ETF 1.7 11 28 6.9 +5.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 1.7 32 7 6.4 +4.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 1.7 52 -13 5.1 +3.4
MXDU Nationwide Maximum Diversification US Core Equity ETF 1.7 34 5 4.9 +3.2
HAP VanEck Vectors Natural Resources ETF 1.6 50 -11 6.4 +4.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 1.6 30 9 4.4 +2.7
AVDV Avantis International Small Cap Value ETF 1.5 36 3 7.8 +6.1
FDT First Trust Developed Markets ex-US Alphadex Fund 1.5 80 -41 7.7 +6.0
PWB Invesco Dynamic Large Cap Growth ETF 1.4 55 -16 3.4 +1.7
PY Principal Shareholder Yield Index ETF 1.4 29 10 9.6 +7.9
EWW iShares MSCI Mexico Capped ETF 1.4 49 -10 8.8 +7.1
USMV iShares Edge MSCI Min Vol USA ETF 1.3 15 24 5.5 +3.8
FLMX Franklin FTSE Mexico ETF 1.3 19 20 9.8 +8.1
FVL First Trust Value Line 100 Exchange-Traded Fund 1.3 70 -31 5.2 +3.5
IWS iShares Russell Mid-Cap Value ETF 1.3 24 15 7.3 +5.6
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 1.2 11 28 6.9 +5.2
VO Vanguard Mid-Cap Index Fund 1.2 4 35 5.5 +3.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 1.2 15 24 4.2 +2.5
VRAI Virtus Real Asset Income ETF 1.1 55 -16 11.2 +9.5
PEXL Pacer US Export Leaders ETF 1.1 60 -21 6.1 +4.4
DEF Invesco Defensive Equity ETF 1.1 55 -16 5.1 +3.5
VFMO Vanguard U.S. Momentum Factor ETF 1.0 13 26 1.2 -0.5
FLZA Franklin FTSE South Africa ETF 1.0 19 20 11.5 +9.8
INTF iShares Edge MSCI Multifactor Intl ETF 1.0 30 9 8.0 +6.3
RPV Invesco S&P 500 Pure Value ETF 1.0 35 4 11.3 +9.6
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.9 35 4 8.9 +7.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.9 40 -1 8.9 +7.2
GWX SPDR S&P International Small Cap ETF 0.9 40 -1 6.8 +5.1
FLN First Trust Latin America AlphaDEX Fund 0.8 80 -41 7.9 +6.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 0.8 20 19 7.7 +6.0
SPMO Invesco S&P 500 Momentum ETF 0.8 13 26 4.4 +2.7
FTA First Trust Large Cap Value AlphaDEX Fund 0.8 60 -21 9.3 +7.6
QWLD SPDR MSCI World StrategicFactors ETF 0.8 30 9 6.2 +4.5
AUSF Global X Adaptive U.S. Factor ETF 0.8 27 12 8.0 +6.4
COPX Global X Copper Miners ETF 0.8 65 -26 7.0 +5.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.8 29 10 8.8 +7.1
SPVM Invesco S&P 500 Value with Momentum ETF 0.8 39 0 9.2 +7.5
RBUS Nationwide Risk-Based U.S. Equity ETF 0.7 30 9 5.1 +3.4
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.7 80 -41 18.3 +16.6
IWR iShares Russell Midcap ETF 0.7 19 20 5.7 +4.0
AVDE Avantis International Equity ETF 0.7 23 16 8.0 +6.3
SFY SoFi Select 500 ETF 0.7 0 39 5.3 +3.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 0 7.5 +5.8
FLLA Franklin FTSE Latin America ETF 0.7 19 20 6.7 +5.0
ISDS Invesco Strategic Developed ex-US Small Company ETF 0.6 35 4 6.9 +5.2
SCIU Global X Scientific Beta US ETF 0.6 19 20 5.8 +4.1
IDMO Invesco S&P International Developed Momentum ETF 0.6 26 13 4.6 +2.9
HLAL Wahed FTSE USA Shariah ETF 0.5 50 -11 4.7 +3.0
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.5 29 10 5.7 +4.0
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.5 45 -6 7.3 +5.6
KRMA Global X Conscious Companies ETF 0.5 43 -4 5.3 +3.6
USMF WisdomTree U.S. Multifactor Fund 0.5 28 11 5.5 +3.8

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares MSCI Global Silver Miners ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 3.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 1.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.43 CATEGORY
AVERAGE
1.50
 
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.