iShares Russell 2500
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
19.3x P/Sales
ratio
1.6x
P/BV
ratio
2.3x Div.
yield
1.9%


  • 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) $37
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 497
Wgt avg mkt cap (mns) $4,206
Large cap (>$10bn) 18.9%
Mid cap ($2-10bn) 80.0%
Small cap (<$2bn) 1.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
ISHARES RUSSELL 2000 41.9 %
DEXCOM INC 0.4 %
SUN COMMUNITIES INC 0.3 %
BURLINGTON STORES INC 0.3 %
ZEBRA TECHNOLOGIES CORP-CL A 0.3 %
MARKETAXESS HOLDINGS INC 0.3 %
JACOBS ENGINEERING GROUP INC 0.3 %
SEATTLE GENETICS INC 0.3 %
ATMOS ENERGY CORP 0.3 %
DUKE REALTY CORP 0.3 %
Total 44.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 55.0 %
BERMUDA 0.7 %
IRELAND 0.7 %
BRITAIN 0.6 %
NETHERLANDS 0.1 %
PUERTO RICO 0.1 %
CAYMAN ISLANDS 0.1 %
PANAMA 0.1 %
SWITZERLAND 0.1 %


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.
20.2% 8.6% -- -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.17 89%
MSCI EAFE 1.20 72%
MSCI Emg. Mkts. 0.81 50%

Technical Indicators
Recent close $46.28
30d moving avg. $45.09
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 9
Turnover 1.1%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $27,223

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Russell 2500 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™: 5.8%


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
(%)
OSIZ Invesco Russell 1000 Size Factor ETF 56.4 19 -4 6.4 +0.6
SCHM Schwab US Mid Cap 50.5 4 11 6.4 +0.6
SFYX SoFi Next 500 47.4 0 15 5.8 +0.0
VB Vanguard Smallcap ETF 43.3 5 10 5.7 -0.1
VXF Vanguard Extended Market 42.1 7 8 3.5 -2.3
JHMM John Hancock Multifactor Mid Cap 41.3 44 -29 6.0 +0.2
IWS iShares Russell Midcap Value 36.6 24 -9 7.1 +1.3
USEQ Invesco Russell 1000 Enhanced Equal Weight 35.4 29 -14 6.7 +0.9
IWR iShares Russell Midcap 35.4 19 -4 6.0 +0.2
EQAL Invesco Russel 1000 Equal Weight 35.2 20 -5 6.0 +0.2
PBSM Invesco PureBeta MSCI USA Small Cap 32.1 6 9 5.3 -0.5
DON WisdomTree Midcap Dividend 31.1 38 -23 7.1 +1.3
ONEO SPDR Russell 1000 Momentum Focus 30.8 20 -5 6.5 +0.7
FNX First Trust Mid Cap Core Alpadex 30.6 62 -47 6.8 +1.0
ONEV SPDR Russell 1000 Low Volatility Focus 29.8 20 -5 7.0 +1.2
EZM WisdomTree Midcap Earnings 29.3 38 -23 7.8 +2.1
RNMC First Trust Mid Cap US Equity Select 29.3 60 -45 6.7 +0.9
FSMD Fidelity Small-Mid Factor ETF 29.2 29 -14 6.6 +0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor 28.0 17 -2 6.4 +0.6
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 27.9 29 -14 9.6 +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%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
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 12.8 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.55
 
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.