iShares PHLX Semiconductor ETF
ALTAR
Score™
4.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.8x P/Sales
ratio
7.4x
P/BV
ratio
6.6x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares PHLX Semiconductor ETF seeks to track the investment results of an index composed of U.S. equities in the semiconductor sector.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Jul 10, 2001
Assets (mns) $5,218
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) $136,779
Large cap (>$10bn) 96.4%
Mid cap ($2-10bn) 3.6%
Small cap (<$2bn) 0.0%
Developed mkts 95.7%
Emerging mkts 4.3%

TOP TEN HOLDINGS
INTEL CORP 8.5 %
BROADCOM INC. 7.9 %
QUALCOMM INC 7.6 %
TEXAS INSTRUMENTS INC 7.5 %
NVIDIA CORP 6.8 %
TAIWAN SEMICONDUCTOR-SP ADR 4.6 %
MICRON TECHNOLOGY INC 4.5 %
APPLIED MATERIALS INC 4.5 %
LAM RESEARCH CORP 4.3 %
KLA-TENCOR CORPORATION 4.2 %
Total 60.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 84.7 %
NETHERLANDS 7.4 %
TAIWAN 4.6 %
BERMUDA 3.0 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
52.7% 52.7% 35.0% 22.6% 9.7%

Market Correlations
versus... Beta R-squared
S&P500 1.23 75%
MSCI EAFE 1.15 65%
MSCI Emg. Mkts. 1.01 64%

Technical Indicators
Recent close $406.07
30d moving avg. $382.26
Annualized volatility 26.6%
Short interest (ETF) 10.2%
Short interest (Underlying) 4.1%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 522
Turnover 4.1%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $20,921

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.4%


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 76.6 35 11 4.2 -0.2
FTXL First Trust Nasdaq Semiconductor ETF 59.3 60 -14 3.7 -0.7
PSI Invesco Dynamic Semiconductors ETF 49.8 57 -11 3.8 -0.6
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 44.2 57 -11 3.6 -0.8
XSD SPDR S&P Semiconductor ETF 42.8 35 11 3.3 -1.1
TDIV First Trust NASDAQ Technology Dividend Index Fund 33.0 50 -4 5.9 +1.5
JHMT John Hancock Multifactor Technology ETF 32.3 40 6 4.1 -0.3
XNTK SPDR NYSE Technology ETF 29.8 35 11 2.8 -1.6
FIVG Defiance Next Gen Connectivity ETF 26.6 30 16 4.2 -0.2
QTUM Defiance Quantum ETF 26.4 40 6 4.4 +0.0
TDV ProShares S&P Technology Dividend Aristocrats ETF 24.0 46 0 4.3 -0.1
RYT Invesco S&P 500 Equal Weight Technology ETF 22.6 40 6 5.8 +1.4
FXL First Trust Technology AlphaDEX Fund 22.3 61 -15 3.5 -0.9
WUGI Esoterica NextG Economy ETF 22.0 75 -29 1.2 -3.2
KOIN Innovation Shares NextGen Protocol ETF 21.3 95 -49 3.9 -0.5
IDRV iShares Self-driving EV & Tech ETF 20.8 47 -1 5.5 +1.1
XLK Technology Select Sector SPDR Fund 20.0 13 33 4.4 0.0
IYW iShares U.S. Technology ETF 19.7 43 3 3.6 -0.8
FFTY Innovator IBD 50 ETF 18.7 80 -34 4.2 -0.2
NXTG First Trust Indxx NextG ETF 18.3 70 -24 5.2 +0.8
FTEC Fidelity MSCI Information Technology Index ETF 18.1 8 38 4.1 -0.3
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 18.0 35 11 4.4 +0.0
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 17.8 59 -13 4.1 -0.3
VGT Vanguard Information Technology Index Fund 17.8 10 36 4.1 -0.3
VLUE iShares MSCI USA Value Factor ETF 17.3 15 31 9.8 +5.4
MOTO SmartETFs Smart Transportation & Technology ETF 17.2 68 -22 5.4 +1.0
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 16.0 70 -24 2.6 -1.8
AIQ Global X Future Analytics Tech ETF 15.7 68 -22 3.6 -0.8
IGM iShares Expanded Tech Sector ETF 15.1 46 0 3.4 -1.0
IXN iShares Global Tech ETF 15.0 46 0 3.9 -0.5
RNLC Large Cap US Equity Select ETF 14.9 60 -14 5.3 +0.9
QYLD Global X NASDAQ 100 Covered Call ETF 14.9 60 -14 3.2 -1.2
QGRO American Century STOXX U.S. Quality Growth ETF 14.8 29 17 3.7 -0.7
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 14.8 60 -14 3.2 -1.2
LEAD Reality Shares DIVCON Leaders Dividend ETF 14.8 43 3 4.9 +0.5
QQQM Invesco NASDAQ 100 ETF 14.7 15 31 3.7 -0.7
QQQ Invesco QQQ Trust 14.7 20 26 3.6 -0.8
NUSI Nationwide Risk-Managed Income ETF 14.5 68 -22 3.1 -1.3
IQM Franklin Intelligent Machines ETF 14.4 50 -4 1.4 -3.0
RPG Invesco S&P 500 Pure Growth ETF 13.9 35 11 2.8 -1.6
BUL Pacer US Cash Cows Growth ETF 13.8 60 -14 4.4 +0.0
TECB iShares US Tech Breakthrough Multisector ETF 13.7 40 6 3.6 -0.8
DRIV Global X Autonomous & Electric Vehicles ETF 13.7 68 -22 4.1 -0.3
DFND Reality Shares DIVCON Dividend Defender ETF 13.3 144 -98 4.0 -0.4
SPHQ Invesco S&P 500 Quality ETF 13.0 15 31 4.5 +0.1
PEXL Pacer US Export Leaders ETF 12.7 60 -14 4.7 +0.3
SPQQ Siren Large Cap Blend Index ETF 12.4 20 26 4.3 -0.1
VEGN US Vegan Climate ETF 11.7 60 -14 4.1 -0.3
EKAR Innovation Shares NextGen Vehicles & Technology ETF 11.6 95 -49 5.2 +0.8
SPMO Invesco S&P 500 Momentum ETF 11.4 13 33 4.0 -0.4
SLT Pacer Salt High TruBeta US Market ETF 11.4 60 -14 4.6 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 11.2 75 -29 2.1 -2.3
LEGR First Trust Indxx Innovative Transaction & Process ETF 10.9 65 -19 8.3 +3.9
BIBL Inspire ETF 10.8 35 11 4.4 +0.0
DSTL Distillate US Fundamental Stability & Value ETF 10.8 39 7 5.7 +1.3
BLCN Reality Shares Nasdaq NextGen Economy ETF 10.6 68 -22 5.0 +0.6
IETC iShares Evolved U.S. Technology ETF 10.5 18 28 3.6 -0.8
DFNV TrimTabs Donoghue Forlines Risk Managed Innovation ETF 10.4 69 -23 4.1 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 10.3 15 31 5.8 +1.4
RDVY First Trust Rising Dividend Achievers ETF 10.2 50 -4 6.4 +2.0
ESPO VanEck Vectors Video Gaming & eSports ETF 10.2 55 -9 3.2 -1.2
ARKQ Ark Industrial Innovation ETF 10.2 75 -29 0.3 -4.1
CACG ClearBridge All Cap Growth ETF 10.2 54 -8 3.8 -0.6
JVAL JPMorgan U.S. Value Factor ETF 10.1 12 34 7.2 +2.8
LRNZ TrueMark Technology, AI & Deep Learning ETF 10.0 68 -22 -0.3 -4.7
FTC First Trust Large Cap Growth AlphaDEX Fund 10.0 61 -15 2.3 -2.1
LRGE ClearBridge Large Cap Growth ESG ETF 9.8 59 -13 3.4 -1.0
VPN Global X Data Center REITs & Digital Infrastructure ETF 9.7 50 -4 4.6 +0.3
XT iShares Exponential Technologies ETF 9.7 47 -1 4.6 +0.2
PWB Invesco Dynamic Large Cap Growth ETF 9.7 56 -10 2.2 -2.2
RNDV US Equity Dividend Select ETF 9.7 50 -4 7.4 +3.0
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 9.6 21 25 3.0 -1.4
SNSR Global X Internet of Things Thematic ETF 9.4 68 -22 4.0 -0.4
HIPR Direxion High Growth ETF 9.3 40 6 4.0 -0.4
MTUM iShares MSCI USA Momentum Factor ETF 9.3 15 31 2.3 -2.1
BOUT Innovator IBD Breakout Opportunities ETF 9.2 84 -38 2.7 -1.7
AIEQ AI Powered Equity ETF 9.1 87 -41 1.9 -2.5
BTEK BlackRock Future Tech ETF 9.1 88 -42 -0.1 -4.5
THNQ ROBO Global Artificial Intelligence ETF 8.8 68 -22 1.3 -3.1
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 8.7 103 -57 1.7 -2.7
FLQL Franklin LibertyQ U.S. Equity ETF 8.6 15 31 6.0 +1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 8.6 19 27 5.4 +1.0
HLAL Wahed FTSE USA Shariah ETF 8.6 50 -4 3.9 -0.5
JMOM JPMorgan U.S. Momentum Factor ETF 8.6 12 34 3.0 -1.4
ETHO Etho Climate Leadership U.S. ETF 8.5 47 -1 3.7 -0.7
HAIL SPDR S&P Kensho Smart Mobility ETF 8.5 45 1 4.4 +0.1
ACWF iShares MSCI Global Multifactor ETF 8.5 35 11 6.9 +2.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 8.5 75 -29 3.0 -1.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 8.5 49 -3 3.5 -0.9
JOET Virtus Terranova US Quality Momentum ETF 8.4 29 17 4.7 +0.3
VOOG Vanguard S&P 500 Growth ETF 8.4 10 36 4.1 -0.3
SYG SPDR MFS Systematic Growth Equity ETF 8.2 60 -14 3.6 -0.8
LRGF iShares Edge MSCI Multifactor USA ETF 8.1 20 26 6.2 +1.8
SCHD Schwab U.S. Dividend Equity ETF 8.0 6 40 7.1 +2.8
SPMV Invesco S&P 500 Minimum Variance ETF 8.0 10 36 5.5 +1.1
VNSE Natixis Vaughan Nelson Select ETF 7.9 85 -39 2.7 -1.7
ESGV Vanguard ESG U.S. Stock ETF 7.9 12 34 4.6 +0.2
MOAT VanEck Vectors Morningstar Wide Moat ETF 7.8 48 -2 6.2 +1.9

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 26.9 %
Divided by: Fwd. P/BV 5.6 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.49
 
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.