iShares Russell 2500 ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
30.0x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Russell 2500 ETF tracks a market-cap-weighted index of US companies ranked 501-3,000 by market cap.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jul 06, 2017
Assets (mns) $76
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 502
Wgt avg mkt cap (mns) $4,878
Large cap (>$10bn) 29.0%
Mid cap ($2-10bn) 68.1%
Small cap (<$2bn) 2.9%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ISHARES RUSSELL 2000 ETF 41.2 %
DEXCOM INC 0.8 %
DOCUSIGN, INC. 0.5 %
OKTA, INC. CLASS A 0.5 %
RINGCENTRAL, INC. CLASS A 0.5 %
MARKETAXESS HOLDINGS INC 0.4 %
SEATTLE GENETICS INC 0.4 %
DOMINO'S PIZZA INC 0.4 %
WEST PHARMACEUTICAL SERVICES 0.4 %
PAYCOM SOFTWARE INC 0.3 %
Total 45.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 55.4 %
IRELAND 1.1 %
BERMUDA 0.6 %
BRITAIN 0.5 %
NETHERLANDS 0.2 %
CAYMAN ISLANDS 0.1 %
PUERTO RICO 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.6% -0.7% -- -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 1.28 92%
MSCI EAFE 1.33 85%
MSCI Emg. Mkts. 0.98 69%

Technical Indicators
Recent close $43.19
30d moving avg. $39.23
Annualized volatility 23.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 43
Turnover 2.5%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $39,993

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Russell 2500 ETF ETF based on the alternatives' overlap in portfolio holdings with SMMD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SMMD Expense: 15 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SMMD
Ticker Fund
Name
Overlap1
vs SMMD
(%)
Expense
ratio
(bp)
Savings
vs SMMD
(bp)
ALTAR
Score™
(%)
ALTAR
vs SMMD
(%)
SCHM Schwab U.S. Mid-Cap ETF 49.7 4 11 6.2 +0.8
VB Vanguard Small-Cap ETF 43.5 5 10 5.4 -0.0
VXF Vanguard Extended Market Index Fund 43.2 7 8 3.8 -1.6
JHMM John Hancock Multifactor Mid Cap ETF 40.8 44 -29 5.6 +0.2
SFYX Sofi Next 500 ETF 36.1 0 15 5.9 +0.5
IWR iShares Russell Midcap ETF 35.2 19 -4 5.6 +0.2
IWS iShares Russell Mid-Cap Value ETF 33.5 24 -9 6.9 +1.6
EQAL Invesco Russell 1000 Equal Weight ETF 33.3 20 -5 4.9 -0.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 33.3 7 8 5.4 +0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 32.4 29 -14 6.5 +1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 29.2 20 -5 6.4 +1.0
PBSM Invesco PureBeta MSCI USA Small Cap ETF 29.0 6 9 5.0 -0.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 28.8 20 -5 6.8 +1.5
IWP iShares Russell Mid-Cap Growth ETF 27.5 24 -9 4.2 -1.2
DON WisdomTree U.S. MidCap Dividend Fund 27.3 38 -23 7.4 +2.0
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 27.0 17 -2 6.4 +1.0
IVOO Vanguard S&P Mid-Cap 400 ETF 26.1 10 5 6.1 +0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 25.9 61 -46 6.4 +1.1
SPMD SPDR Portfolio Mid Cap ETF 25.4 5 10 6.2 +0.9
IJH iShares Core S&P Mid-Cap ETF 25.4 6 9 6.2 +0.9
MDY SPDR S&P Midcap 400 ETF Trust 25.4 23 -8 6.1 +0.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 25.2 40 -25 6.5 +1.1
VBK Vanguard Small-Cap Growth Index Fund 24.9 7 8 2.5 -2.8
EZM WisdomTree U.S. MidCap Earnings Fund 24.8 38 -23 8.8 +3.4
FSMD Fidelity Small-Mid Factor ETF 24.7 29 -14 6.8 +1.4
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 24.1 24 -9 5.9 +0.5
RNMC Mid Cap US Equity Select ETF 23.9 60 -45 7.5 +2.1
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 23.9 17 -2 4.8 -0.6
SMDY Syntax Stratified MidCap ETF 23.2 30 -15 6.1 +0.7
TUSA First Trust Total US Market AlphaDEX ETF 22.9 70 -55 5.9 +0.5
FAD First Trust Multi Cap Growth AlphaDEX Fund 22.3 66 -51 2.6 -2.8
CFA VictoryShares US 500 Volatility Weighted Index ETF 21.9 35 -20 5.7 +0.4
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 21.7 35 -20 5.7 +0.4
VBR Vanguard Small Cap Value Index Fund 21.7 7 8 8.1 +2.7
JKH iShares Morningstar Mid-Cap Growth ETF 21.6 30 -15 2.5 -2.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 21.3 20 -5 9.1 +3.7
TPLC Timothy Plan US Large Cap Core ETF 21.3 52 -37 5.3 -0.0
RWK Invesco S&P MidCap 400 Revenue ETF 21.2 39 -24 7.2 +1.8
IUSS Invesco Strategic US Small Company ETF 21.1 23 -8 5.8 +0.4
SIZE iShares Edge MSCI USA Size Factor ETF 21.0 15 0 5.8 +0.5
EUSA iShares MSCI USA Equal Weighted ETF 20.3 15 0 6.0 +0.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 20.1 25 -10 6.2 +0.8
AFMC First Trust Active Factor Mid Cap ETF 19.6 65 -50 6.0 +0.6
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 19.1 15 0 4.6 -0.7
MDYG SPDR S&P 400 Mid Cap Growth ETF 18.5 15 0 4.8 -0.6
IJK iShares S&P Mid-Cap 400 Growth ETF 18.5 24 -9 4.7 -0.7
JMOM JPMorgan U.S. Momentum Factor ETF 17.8 12 3 3.9 -1.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 16.9 15 0 6.6 +1.3
ONEY SPDR Russell 1000 Yield Focus ETF 16.6 20 -5 8.0 +2.7
SCHA Schwab U.S. Small-Cap ETF 16.2 4 11 4.7 -0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 15.9 15 0 8.0 +2.6
IJJ iShares S&P Mid-Cap 400 Value ETF 15.9 25 -10 7.9 +2.5
IVOV Vanguard S&P Mid-Cap 400 Value ETF 15.8 15 0 8.1 +2.7
FNY First Trust Mid Cap Growth AlphaDEX Fund 15.7 70 -55 2.1 -3.2
VFLQ Vanguard U.S. Liquidity Factor ETF 15.3 13 2 3.4 -2.0
VO Vanguard Mid-Cap Index Fund 14.5 4 11 5.4 +0.0
NUSC Nuveen ESG Small-Cap ETF 14.4 40 -25 4.9 -0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 14.3 35 -20 5.8 +0.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 13.8 9 6 5.8 +0.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.6 30 -15 5.9 +0.5
VFMO Vanguard U.S. Momentum Factor ETF 13.3 13 2 2.1 -3.3
VFQY Vanguard U.S. Quality Factor ETF 12.8 13 2 5.9 +0.5
BFOR Barron's 400 ETF 12.8 66 -51 6.2 +0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 12.7 30 -15 5.1 -0.3
PVAL Principal Contrarian Value Index ETF 12.5 29 -14 7.2 +1.8
JKG iShares Morningstar Mid-Cap ETF 12.5 25 -10 5.9 +0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 12.5 71 -56 8.9 +3.5
FNK First Trust Mid Cap Value AlphaDEX Fund 12.3 70 -55 9.8 +4.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 12.3 29 -14 6.1 +0.7
VFVA Vanguard U.S. Value Factor ETF 12.2 13 2 11.2 +5.8
JVAL JPMorgan U.S. Value Factor ETF 12.2 12 3 8.5 +3.2
IYF iShares U.S. Financials ETF 12.0 42 -27 6.7 +1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 11.8 25 -10 6.1 +0.7
AVUS Avantis U.S. Equity ETF 11.8 15 0 5.7 +0.4
IWD iShares Russell 1000 Value ETF 11.7 19 -4 6.9 +1.5
VONV Vanguard Russell 1000 Value Index Fund 11.6 8 7 7.0 +1.6
QGRO American Century STOXX U.S. Quality Growth ETF 11.6 29 -14 3.1 -2.2
ROUS Hartford Multifactor US Equity ETF 11.6 19 -4 7.1 +1.7
IYJ iShares U.S. Industrials ETF 11.4 42 -27 5.8 +0.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.4 75 -60 3.7 -1.7
USMF WisdomTree U.S. Multifactor Fund 11.3 28 -13 6.1 +0.7
RVRS Reverse Cap Weighted U.S. Large Cap ETF 11.3 29 -14 7.0 +1.7
AUSF Global X Adaptive U.S. Factor ETF 11.2 27 -12 7.8 +2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 11.2 39 -24 4.2 -1.2
FEX First Trust Large Cap Core AlphaDEX Fund 11.1 60 -45 5.9 +0.6
FTC First Trust Large Cap Growth AlphaDEX Fund 10.9 61 -46 3.0 -2.3
JHSC John Hancock Multifactor Small Cap ETF 10.8 50 -35 5.7 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 10.7 19 -4 6.1 +0.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 10.6 34 -19 5.2 -0.2
ACWF iShares FactorSelect MSCI Global ETF 10.3 35 -20 8.1 +2.7
ETHO Etho Climate Leadership U.S. ETF 10.2 47 -32 4.3 -1.0
LRGF iShares Edge MSCI Multifactor USA ETF 10.1 20 -5 6.9 +1.6
EXT WisdomTree U.S. Total Earnings Fund 10.1 28 -13 5.7 +0.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 10.0 24 -9 7.5 +2.1
RSP Invesco S&P 500 Equal Weight ETF 9.8 20 -5 6.6 +1.3
JHML John Hancock Multifactor Large Cap ETF 9.8 34 -19 5.5 +0.1
VFMF Vanguard U.S. Multifactor ETF 9.8 18 -3 7.2 +1.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.7 20 -5 6.0 +0.6
JHMT John Hancock Multifactor Technology ETF 9.7 40 -25 5.1 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 9.5 30 -15 6.6 +1.3

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%.

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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

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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 Russell 2500 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.9 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.53
 
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.