iShares Russell 2500 ETF
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.5x P/Sales
ratio
1.6x
P/BV
ratio
2.1x 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) $105
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) $3,968
Large cap (>$10bn) 18.2%
Mid cap ($2-10bn) 78.9%
Small cap (<$2bn) 1.4%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ISHARES RUSSELL 2000 ETF 42.4 %
IMMUNOMEDICS INC 0.4 %
HORIZON PHARMA PLC 0.4 %
ETSY, INC. 0.3 %
ZILLOW GROUP, INC. CLASS C 0.3 %
NVR INC 0.3 %
CATALENT INC 0.3 %
PERKINELMER INC 0.3 %
TERADYNE INC 0.3 %
BLACK KNIGHT FINANCIAL SERVICES, I 0.3 %
Total 45.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 54.5 %
IRELAND 0.9 %
BERMUDA 0.8 %
BRITAIN 0.7 %
NETHERLANDS 0.3 %
BRAZIL 0.2 %
LUXEMBOURG 0.2 %
CAYMAN ISLANDS 0.1 %
PUERTO RICO 0.1 %
PANAMA 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.1% 7.0% -- -- 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.24 91%
MSCI EAFE 1.30 85%
MSCI Emg. Mkts. 0.93 68%

Technical Indicators
Recent close $44.75
30d moving avg. $45.52
Annualized volatility 22.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.9%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $6,160

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™: 5.9%


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 48.2 4 11 6.2 +0.3
VB Vanguard Small-Cap ETF 46.5 5 10 5.4 -0.5
SFYX Sofi Next 500 ETF 43.7 0 15 6.0 +0.1
JHMM John Hancock Multifactor Mid Cap ETF 39.1 42 -27 5.7 -0.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 39.0 7 8 5.4 -0.5
VXF Vanguard Extended Market Index Fund 35.3 6 9 3.6 -2.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 35.1 6 9 5.3 -0.6
IWS iShares Russell Mid-Cap Value ETF 34.0 24 -9 7.1 +1.2
EQAL Invesco Russell 1000 Equal Weight ETF 33.8 20 -5 5.7 -0.3
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 33.2 17 -2 5.0 -0.9
FNX First Trust Mid Cap Core AlphaDEX Fund 32.6 61 -46 6.6 +0.7
IWR iShares Russell Midcap ETF 32.6 19 -4 5.6 -0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 30.6 29 -14 6.9 +1.0
FSMD Fidelity Small-Mid Factor ETF 28.3 29 -14 6.4 +0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 28.0 20 -5 6.4 +0.5
IVOO Vanguard S&P Mid-Cap 400 ETF 27.7 10 5 6.5 +0.6
EZM WisdomTree U.S. MidCap Earnings Fund 27.1 38 -23 9.1 +3.2
IJH iShares Core S&P Mid-Cap ETF 27.0 5 10 6.6 +0.6
SPMD SPDR Portfolio Mid Cap ETF 27.0 5 10 6.5 +0.6
MDY SPDR S&P Midcap 400 ETF Trust 27.0 23 -8 6.4 +0.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 27.0 40 -25 7.0 +1.1
DON WisdomTree U.S. MidCap Dividend Fund 26.6 38 -23 7.8 +1.8
RNMC Mid Cap US Equity Select ETF 26.0 60 -45 7.8 +1.9
VBR Vanguard Small Cap Value Index Fund 25.8 7 8 8.4 +2.5
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 25.5 24 -9 6.2 +0.2
ONEV SPDR Russell 1000 Low Volatility Focus ETF 25.3 20 -5 7.0 +1.1
BKSE BNY Mellon US Small Cap Core Equity ETF 25.1 4 11 6.1 +0.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 25.0 29 -14 9.6 +3.6
SMDY Syntax Stratified MidCap ETF 24.7 30 -15 6.4 +0.4
VBK Vanguard Small-Cap Growth Index Fund 24.7 7 8 2.4 -3.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 23.4 17 -2 6.4 +0.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 22.9 20 -5 9.7 +3.8
RWK Invesco S&P MidCap 400 Revenue ETF 21.9 39 -24 7.9 +2.0
IWP iShares Russell Mid-Cap Growth ETF 21.5 24 -9 3.0 -3.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 21.3 70 -55 2.1 -3.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 21.0 15 0 5.0 -0.9
TUSA First Trust Total US Market AlphaDEX ETF 20.8 70 -55 6.1 +0.2
MDYG SPDR S&P 400 Mid Cap Growth ETF 20.3 15 0 5.0 -0.9
IJK iShares S&P Mid-Cap 400 Growth ETF 20.3 24 -9 4.9 -1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 19.7 4 11 5.5 -0.4
AFMC First Trust Active Factor Mid Cap ETF 19.5 65 -50 6.5 +0.5
TPLC Timothy Plan US Large Cap Core ETF 19.4 52 -37 5.4 -0.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 19.3 66 -51 2.5 -3.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 19.3 35 -20 5.8 -0.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 19.1 35 -20 5.8 -0.1
FNDA Schwab Fundamental U.S. Small Co. Index ETF 18.4 25 -10 7.1 +1.1
IUSS Invesco Strategic US Small Company ETF 17.8 23 -8 5.4 -0.6
SCHA Schwab U.S. Small-Cap ETF 17.6 4 11 4.6 -1.3
ONEY SPDR Russell 1000 Yield Focus ETF 17.2 20 -5 9.1 +3.2
SIZE iShares Edge MSCI USA Size Factor ETF 17.1 15 0 6.1 +0.2
NUSC Nuveen ESG Small-Cap ETF 16.6 40 -25 5.0 -0.9
EUSA iShares MSCI USA Equal Weighted ETF 16.6 15 0 6.2 +0.3
MDYV SPDR S&P 400 Mid Cap Value ETF 16.6 15 0 8.6 +2.7
IJJ iShares S&P Mid-Cap 400 Value ETF 16.6 25 -10 8.5 +2.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 16.4 15 0 6.8 +0.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 16.2 15 0 8.7 +2.7
JVAL JPMorgan U.S. Value Factor ETF 15.2 12 3 8.9 +2.9
VFLQ Vanguard U.S. Liquidity Factor ETF 14.8 14 1 4.3 -1.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 14.7 25 -10 6.8 +0.8
VFQY Vanguard U.S. Quality Factor ETF 14.1 13 2 6.4 +0.5
VFVA Vanguard U.S. Value Factor ETF 14.0 14 1 11.3 +5.3
FAB First Trust Multi Cap Value AlphaDEX Fund 13.9 71 -56 10.0 +4.1
JMOM JPMorgan U.S. Momentum Factor ETF 13.9 12 3 3.9 -2.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 13.9 35 -20 5.4 -0.5
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.6 30 -15 5.7 -0.3
FNK First Trust Mid Cap Value AlphaDEX Fund 13.5 70 -55 11.3 +5.4
PVAL Principal Contrarian Value Index ETF 13.3 29 -14 0.0 -5.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 12.8 18 -3 6.2 +0.3
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 12.7 24 -9 6.7 +0.7
JKH iShares Morningstar Mid-Cap Growth ETF 12.6 30 -15 2.2 -3.7
VFMO Vanguard U.S. Momentum Factor ETF 12.2 13 2 0.9 -5.1
AVUS Avantis U.S. Equity ETF 12.0 15 0 6.1 +0.2
IYJ iShares U.S. Industrials ETF 11.6 42 -27 5.5 -0.4
REVS Columbia Research Enhanced Value ETF 11.5 19 -4 7.5 +1.6
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 11.5 39 -24 4.8 -1.2
IWD iShares Russell 1000 Value ETF 11.4 19 -4 6.9 +1.0
JHSC John Hancock Multifactor Small Cap ETF 11.4 42 -27 5.9 0.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 11.3 29 -14 6.3 +0.4
VONV Vanguard Russell 1000 Value Index Fund 11.3 8 7 7.0 +1.1
VFMF Vanguard U.S. Multifactor ETF 11.1 19 -4 7.6 +1.7
IYF iShares U.S. Financials ETF 11.1 42 -27 7.0 +1.0
BFOR Barron's 400 ETF 11.0 65 -50 6.4 +0.5
USMF WisdomTree U.S. Multifactor Fund 10.5 28 -13 5.8 -0.2
EXT WisdomTree U.S. Total Earnings Fund 10.4 28 -13 6.0 +0.1
RVRS Reverse Cap Weighted U.S. Large Cap ETF 10.3 29 -14 7.9 +2.0
JKG iShares Morningstar Mid-Cap ETF 10.3 25 -10 5.3 -0.6
JKL iShares Morningstar Small Cap Value ETF 10.2 30 -15 10.3 +4.4
JHMI John Hancock Multifactor Industrials ETF 10.0 40 -25 5.5 -0.4
RSP Invesco S&P 500 Equal Weight ETF 9.8 20 -5 6.6 +0.6
SHE SPDR SSGA Gender Diversity Index ETF 9.7 20 -5 4.8 -1.1
ROUS Hartford Multifactor US Equity ETF 9.6 19 -4 6.5 +0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 9.4 25 -10 7.3 +1.4
VO Vanguard Mid-Cap Index Fund 9.3 4 11 5.2 -0.7
VOE Vanguard Mid-Cap Value Index Fund 9.3 7 8 7.8 +1.9
VLU SPDR S&P 1500 Value Tilt ETF 9.2 12 3 7.6 +1.7
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 9.2 80 -65 5.8 -0.1
VALQ American Century STOXX U.S. Quality Value ETF 9.1 29 -14 9.0 +3.1
RFG Invesco S&P Midcap 400 Pure Growth ETF 9.1 35 -20 4.1 -1.9
PRF Invesco FTSE RAFI US 1000 ETF 9.0 39 -24 7.2 +1.3
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 9.0 20 -5 4.7 -1.2

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 12.0 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 CATEGORY
AVERAGE
1.51
 
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.