iShares PHLX Semiconductor ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 21.6x P/Sales
ratio		 5.2x
P/BV
ratio		 4.7x Div.
yield		 1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Goldman Sachs Semiconductor Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded semiconductor stocks as represented by the Goldman Sachs Technology Industry Semiconductor Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 13, 2001
Assets (mns) $2,765
Currency USD
Expense ratio 46 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 30
Wgt avg mkt cap (mns) $99,161
Large cap (>$10bn) 92.5%
Mid cap ($2-10bn) 7.5%
Small cap (<$2bn) 0.0%
Developed mkts 96.5%
Emerging mkts 3.5%

TOP TEN HOLDINGS
NVIDIA CORP 10.1 %
INTEL CORP 8.5 %
BROADCOM INC. 7.7 %
QUALCOMM INC 7.6 %
TEXAS INSTRUMENTS INC 7.5 %
ADVANCED MICRO DEVICES 4.6 %
KLA-TENCOR CORPORATION 4.1 %
ANALOG DEVICES INC 3.9 %
ASML HOLDING NV-NY REG SHS 3.5 %
APPLIED MATERIALS INC 3.5 %
Total 61.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 86.5 %
NETHERLANDS 6.8 %
TAIWAN 3.5 %
BERMUDA 3.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.1% 12.8% 22.0% 18.1% 7.2%

Market Correlations
versus... Beta R-squared
S&P500 1.24 68%
MSCI EAFE 1.22 57%
MSCI Emg. Mkts. 0.99 58%

Technical Indicators
Recent close $244.67
30d moving avg. $231.94
Annualized volatility 25.3%
Short interest (ETF) 14.6%
Short interest (Underlying) 4.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 1,284
Turnover 11.4%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $17,616

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: SOXX Expense: 46 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SOXX
Ticker Fund
Name		 Overlap1
vs SOXX
(%)		 Expense
ratio
(bp)		 Savings
vs SOXX
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs SOXX
(%)
SMH VanEck Vectors Semiconductor ETF 78.7 35 11 6.0 +0.3
FTXL First Trust Nasdaq Semiconductor ETF 64.3 60 -14 5.4 -0.2
PSI Invesco Dynamic Semiconductors ETF 49.9 58 -12 5.2 -0.5
XSD SPDR S&P Semiconductor ETF 47.2 35 11 4.2 -1.4
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 41.3 57 -11 5.3 -0.4
XNTK SPDR Morgan Stanley Technology ETF 32.8 35 11 4.1 -1.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 31.0 50 -4 6.1 +0.4
JHMT John Hancock Multifactor Technology ETF 29.9 40 6 5.3 -0.4
DRIV Global X Autonomous & Electric Vehicles ETF 27.7 68 -22 6.5 +0.8
IDRV iShares Self-driving EV & Tech ETF 26.4 47 -1 7.6 +2.0
BUL Pacer US Cash Cows Growth ETF 25.9 60 -14 5.9 +0.2
QTUM Defiance Quantum ETF 24.8 40 6 5.8 +0.1
TDV ProShares S&P Technology Dividend Aristocrats ETF 24.3 45 1 5.1 -0.6
FIVG Defiance Next Gen Connectivity ETF 24.3 30 16 4.6 -1.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 22.8 70 -24 6.4 +0.7
RYT Invesco S&P 500 Equal Weight Technology ETF 22.3 40 6 7.7 +2.0
MOTO SmartETFs Smart Transportation & Technology ETF 20.2 68 -22 8.9 +3.3
IYW iShares U.S. Technology ETF 20.1 42 4 4.4 -1.3
KOIN Innovation Shares NextGen Protocol ETF 17.8 95 -49 4.6 -1.0
XLK Technology Select Sector SPDR Fund 17.7 13 33 5.1 -0.6
NXTG First Trust Indxx NextG ETF 17.5 70 -24 6.4 +0.8
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 16.5 60 -14 4.4 -1.2
VGT Vanguard Information Technology Index Fund 16.5 10 36 4.9 -0.7
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 16.4 35 11 4.7 -1.0
FTEC Fidelity MSCI Information Technology Index ETF 16.4 8 38 4.9 -0.7
LRNZ TrueMark Technology, AI & Deep Learning ETF 16.1 68 -22 0.9 -4.8
GDAT Goldman Sachs Motif Data-Driven World Etf 15.4 50 -4 5.4 -0.2
VLUE iShares Edge MSCI USA Value Factor ETF 14.9 15 31 11.9 +6.3
AIQ Global X Future Analytics Tech ETF 14.7 68 -22 4.3 -1.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 14.7 65 -19 9.9 +4.2
IXN iShares Global Tech ETF 14.3 46 0 5.0 -0.7
PEXL Pacer US Export Leaders ETF 14.3 60 -14 6.8 +1.1
TECB iShares US Tech Breakthrough Multisector ETF 14.2 40 6 4.1 -1.5
IGM iShares North American Tech ETF 14.1 46 0 4.1 -1.6
ESPO VanEck Vectors Video Gaming & eSports ETF 14.1 55 -9 2.9 -2.7
FXL First Trust Technology AlphaDEX Fund 13.9 61 -15 3.5 -2.2
SCHD Schwab U.S. Dividend Equity ETF 13.8 6 40 7.7 +2.1
FFTY Innovator IBD 50 ETF 13.5 80 -34 2.9 -2.8
QYLD Global X NASDAQ 100 Covered Call ETF 13.2 60 -14 3.8 -1.9
NUSI Nationwide Risk-Managed Income ETF 12.8 68 -22 3.8 -1.9
LEGR First Trust Index Digital Transaction & Process Technology E 12.6 65 -19 7.9 +2.2
QQQ Invesco QQQ Trust 12.5 20 26 4.2 -1.5
RNDV US Equity Dividend Select ETF 12.3 50 -4 8.6 +3.0
BIBL Inspire ETF 12.1 35 11 5.0 -0.6
RNLC Large Cap US Equity Select ETF 11.9 60 -14 6.8 +1.1
SNSR Global X Internet of Things Thematic ETF 11.8 68 -22 5.1 -0.6
PWC Invesco Dynamic Market ETF 11.6 59 -13 7.3 +1.6
IQM Franklin Intelligent Machines ETF 11.5 50 -4 2.4 -3.3
RPG Invesco S&P 500 Pure Growth ETF 11.0 35 11 4.7 -1.0
XKST SPDR Kensho Smart Mobility ETF 10.9 45 1 3.0 -2.7
RDVY First Trust Rising Dividend Achievers ETF 10.8 50 -4 8.5 +2.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 10.8 15 31 4.8 -0.8
SLT Salt TruBeta High Exposure ETF 10.3 29 17 7.7 +2.1
JVAL JPMorgan U.S. Value Factor ETF 10.2 12 34 9.5 +3.9
PTF Invesco DWA Technology Momentum ETF 10.2 60 -14 1.4 -4.3
BOTZ Global X Robotics & Artificial Intelligence ETF 10.1 68 -22 3.1 -2.6
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.0 68 -22 4.8 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 10.0 19 27 5.9 +0.3
VEGN US Vegan Climate ETF 9.9 60 -14 5.5 -0.1
EQRR ProShares Equities for Rising Rates ETF 9.7 35 11 6.6 +1.0
ONEY SPDR Russell 1000 Yield Focus ETF 9.6 20 26 9.2 +3.6
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 9.6 50 -4 4.8 -0.9
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 9.5 60 -14 5.7 +0.0
IETC iShares Evolved U.S. Technology ETF 9.4 18 28 4.2 -1.5
ARKQ Ark Industrial Innovation ETF 9.3 75 -29 0.9 -4.8
XT iShares Exponential Technologies ETF 9.3 47 -1 5.6 -0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 9.2 21 25 3.3 -2.3
SPMO Invesco S&P 500 Momentum ETF 9.1 13 33 4.6 -1.1
QMOM Alpha Architect U.S. Quantitative Momentum ETF 9.0 49 -3 3.3 -2.4
IRBO iShares Robotics & Artificial Intelligence ETF 8.9 47 -1 2.8 -2.9
DSTL Distillate US Fundamental Stability & Value ETF 8.6 39 7 6.9 +1.2
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 8.5 49 -3 11.3 +5.6
SPHB Invesco S&P 500 High Beta ETF 8.5 25 21 11.5 +5.9
QGRO American Century STOXX U.S. Quality Growth ETF 8.5 29 17 3.2 -2.4
LOUP Innovator Loup Frontier Tech ETF 8.4 70 -24 3.4 -2.3
MOAT VanEck Vectors Morningstar Wide Moat ETF 8.2 49 -3 6.4 +0.8
NULG Nuveen ESG Large-Cap Growth ETF 7.8 35 11 3.6 -2.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 7.7 49 -3 4.3 -1.4
SPGP Invesco S&P 500 GARP ETF 7.7 35 11 7.9 +2.3
HLAL Wahed FTSE USA Shariah ETF 7.7 50 -4 4.9 -0.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.7 29 17 7.3 +1.6
XKII SPDR Kensho Intelligent Structures ETF 7.7 45 1 6.9 +1.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 7.5 28 18 6.8 +1.2
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 7.5 75 -29 2.2 -3.5
HERO Global X Video Games & Esports ETF 7.5 50 -4 3.2 -2.5
ETHO Etho Climate Leadership U.S. ETF 7.4 47 -1 4.8 -0.9
SPHQ Invesco S&P 500 Quality ETF 7.4 15 31 5.3 -0.3
LRGF iShares Edge MSCI Multifactor USA ETF 7.3 20 26 7.4 +1.7
FTC First Trust Large Cap Growth AlphaDEX Fund 7.3 61 -15 3.2 -2.5
PWB Invesco Dynamic Large Cap Growth ETF 7.2 55 -9 3.6 -2.1
FMK First Trust Mega Cap AlphaDEX Fund 7.1 70 -24 5.5 -0.1
VYM Vanguard High Dividend Yield Index ETF 6.9 6 40 7.6 +2.0
JQUA JPMorgan U.S. Quality Factor ETF 6.9 12 34 5.5 -0.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 6.8 75 -29 6.3 +0.7
VOOG Vanguard S&P 500 Growth ETF 6.8 10 36 4.6 -1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 6.8 4 42 4.6 -1.1
IVW iShares S&P 500 Growth ETF 6.8 18 28 4.5 -1.2
SPMV Invesco S&P 500 Minimum Variance ETF 6.7 10 36 6.1 +0.4
KOMP SPDR Kensho New Economies Composite ETF 6.7 20 26 1.8 -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

  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 PHLX Semiconductor 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 26.8 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.52
 
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.