iShares PHLX Semiconductor ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 23.4x P/Sales
ratio		 5.9x
P/BV
ratio		 5.4x Div.
yield		 1.5%


  • 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) $3,764
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) $113,854
Large cap (>$10bn) 94.6%
Mid cap ($2-10bn) 5.4%
Small cap (<$2bn) 0.0%
Developed mkts 94.6%
Emerging mkts 5.4%

TOP TEN HOLDINGS
QUALCOMM INC 9.1 %
NVIDIA CORP 9.0 %
BROADCOM INC. 8.0 %
TEXAS INSTRUMENTS INC 7.5 %
INTEL CORP 5.1 %
TAIWAN SEMICONDUCTOR-SP ADR 5.1 %
ADVANCED MICRO DEVICES 4.6 %
NXP SEMICONDUCTORS NV 3.9 %
LAM RESEARCH CORP 3.8 %
MICRON TECHNOLOGY INC 3.4 %
Total 59.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 80.2 %
NETHERLANDS 7.1 %
TAIWAN 5.1 %
BERMUDA 2.9 %







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.
23.0% 52.1% 31.6% 23.8% 8.6%

Market Correlations
versus... Beta R-squared
S&P500 1.21 71%
MSCI EAFE 1.21 59%
MSCI Emg. Mkts. 0.97 60%

Technical Indicators
Recent close $295.25
30d moving avg. $299.82
Annualized volatility 25.2%
Short interest (ETF) 15.6%
Short interest (Underlying) 4.1%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 574
Turnover 4.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $0

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.3%


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 74.5 35 11 5.4 +0.1
FTXL First Trust Nasdaq Semiconductor ETF 54.8 60 -14 5.3 -0.0
XSD SPDR S&P Semiconductor ETF 42.8 35 11 4.0 -1.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 40.9 57 -11 5.4 +0.1
PSI Invesco Dynamic Semiconductors ETF 38.7 57 -11 5.1 -0.2
TDIV First Trust NASDAQ Technology Dividend Index Fund 32.4 50 -4 7.1 +1.8
XNTK SPDR NYSE Technology ETF 31.9 35 11 4.1 -1.2
JHMT John Hancock Multifactor Technology ETF 29.7 40 6 6.0 +0.7
FIVG Defiance Next Gen Connectivity ETF 28.2 30 16 5.1 -0.2
BUL Pacer US Cash Cows Growth ETF 26.2 60 -14 7.3 +2.1
QTUM Defiance Quantum ETF 23.8 40 6 6.0 +0.7
WUGI Esoterica NextG Economy ETF 23.6 75 -29 1.6 -3.7
RYT Invesco S&P 500 Equal Weight Technology ETF 22.7 40 6 7.0 +1.8
TDV ProShares S&P Technology Dividend Aristocrats ETF 21.3 45 1 5.4 +0.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 21.1 70 -24 7.5 +2.2
KOIN Innovation Shares NextGen Protocol ETF 20.4 95 -49 4.1 -1.1
NXTG First Trust Indxx NextG ETF 20.3 70 -24 6.1 +0.9
IDRV iShares Self-driving EV & Tech ETF 19.3 47 -1 7.0 +1.7
IYW iShares U.S. Technology ETF 19.0 43 3 7.2 +1.9
MOTO SmartETFs Smart Transportation & Technology ETF 18.2 68 -22 7.4 +2.1
DRIV Global X Autonomous & Electric Vehicles ETF 18.0 68 -22 6.8 +1.5
XLK Technology Select Sector SPDR Fund 17.4 13 33 8.7 +3.4
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 17.3 35 11 4.5 -0.8
FTEC Fidelity MSCI Information Technology Index ETF 16.4 8 38 8.0 +2.7
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 16.4 59 -13 4.3 -1.0
VGT Vanguard Information Technology Index Fund 16.3 10 36 8.0 +2.7
FXL First Trust Technology AlphaDEX Fund 15.6 61 -15 3.5 -1.8
GDAT Goldman Sachs Motif Data-Driven World Etf 14.8 50 -4 5.3 0.0
PEXL Pacer US Export Leaders ETF 14.7 60 -14 6.0 +0.7
AIQ Global X Future Analytics Tech ETF 14.6 68 -22 4.2 -1.1
TECB iShares US Tech Breakthrough Multisector ETF 14.4 40 6 4.8 -0.5
IQM Franklin Intelligent Machines ETF 14.3 50 -4 2.6 -2.7
IXN iShares Global Tech ETF 14.0 46 0 7.1 +1.9
IGM iShares Expanded Tech Sector ETF 13.7 46 0 5.3 +0.0
BOUT Innovator IBD Breakout Opportunities ETF 13.7 84 -38 5.6 +0.3
LEGR First Trust Index Digital Transaction & Process Technology E 13.4 65 -19 7.2 +1.9
EKAR Innovation Shares NextGen Vehicles & Technology ETF 13.1 95 -49 7.3 +2.0
ESPO VanEck Vectors Video Gaming & eSports ETF 13.1 55 -9 2.7 -2.6
VLUE iShares Edge MSCI USA Value Factor ETF 12.8 15 31 11.8 +6.5
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 12.3 75 -29 3.7 -1.6
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 12.2 60 -14 5.4 +0.1
QQQ Invesco QQQ Trust 12.2 20 26 5.8 +0.5
QYLD Global X NASDAQ 100 Covered Call ETF 12.1 60 -14 5.5 +0.2
NUSI Nationwide Risk-Managed Income ETF 12.1 68 -22 5.5 +0.2
VEGN US Vegan Climate ETF 12.0 60 -14 5.8 +0.5
SPHQ Invesco S&P 500 Quality ETF 12.0 15 31 5.3 -0.0
LRNZ TrueMark Technology, AI & Deep Learning ETF 11.8 68 -22 0.2 -5.1
RNLC Large Cap US Equity Select ETF 11.8 60 -14 6.5 +1.2
RPG Invesco S&P 500 Pure Growth ETF 11.4 35 11 4.7 -0.6
FFTY Innovator IBD 50 ETF 11.2 80 -34 4.6 -0.7
QGRO American Century STOXX U.S. Quality Growth ETF 11.1 29 17 3.9 -1.4
BIBL Inspire ETF 10.8 35 11 4.9 -0.4
LOUP Innovator Loup Frontier Tech ETF 10.8 70 -24 4.0 -1.3
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 10.8 60 -14 8.8 +3.5
RDVY First Trust Rising Dividend Achievers ETF 10.5 50 -4 8.1 +2.9
SPQQ Siren Large Cap Blend Index ETF 10.4 20 26 5.3 +0.0
FTC First Trust Large Cap Growth AlphaDEX Fund 10.0 61 -15 2.9 -2.4
THNQ ROBO Global Artificial Intelligence ETF 9.9 68 -22 1.6 -3.7
DSTL Distillate US Fundamental Stability & Value ETF 9.8 39 7 7.0 +1.7
IETC iShares Evolved U.S. Technology ETF 9.7 18 28 5.9 +0.7
JVAL JPMorgan U.S. Value Factor ETF 9.7 12 34 9.0 +3.8
XT iShares Exponential Technologies ETF 9.6 47 -1 5.2 -0.1
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 9.5 49 -3 5.2 -0.1
ACWF iShares FactorSelect MSCI Global ETF 9.5 35 11 8.2 +2.9
MTUM iShares Edge MSCI USA Momentum Factor ETF 9.2 15 31 5.1 -0.2
BLCN Reality Shares Nasdaq NextGen Economy ETF 9.2 68 -22 3.8 -1.5
SNSR Global X Internet of Things Thematic ETF 9.2 68 -22 5.2 -0.1
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 9.1 21 25 3.5 -1.8
SCHD Schwab U.S. Dividend Equity ETF 9.0 6 40 8.1 +2.9
BOTZ Global X Robotics & Artificial Intelligence ETF 9.0 68 -22 2.9 -2.4
ARKQ Ark Industrial Innovation ETF 8.8 75 -29 1.1 -4.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 8.7 75 -29 5.5 +0.2
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 8.7 50 -4 3.7 -1.6
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 8.7 99 -53 2.1 -3.2
SYG SPDR MFS Systematic Growth Equity ETF 8.6 60 -14 5.4 +0.1
JKE iShares Morningstar Large-Cap Growth ETF 8.5 25 21 2.8 -2.5
RNDV US Equity Dividend Select ETF 8.5 50 -4 8.3 +3.0
GBGR Global Beta Momentum-Growth ETF 8.3 29 17 4.4 -0.9
FLQL Franklin LibertyQ U.S. Equity ETF 8.3 15 31 6.3 +1.0
CACG ClearBridge All Cap Growth ETF 8.2 54 -8 4.6 -0.7
IRBO iShares Robotics & Artificial Intelligence ETF 8.2 47 -1 2.9 -2.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 8.0 19 27 6.8 +1.5
VIRS Pacer BioThreat Strategy ETF 8.0 70 -24 4.5 -0.8
FMK First Trust Mega Cap AlphaDEX Fund 7.9 70 -24 5.0 -0.3
GVIP Goldman Sachs Hedge Industry VIP ETF 7.9 45 1 4.0 -1.3
BLOK Amplify Transformational Data Sharing ETF 7.9 70 -24 4.5 -0.8
XKST SPDR Kensho Smart Mobility ETF 7.9 45 1 5.1 -0.2
QMOM Alpha Architect U.S. Quantitative Momentum ETF 7.9 49 -3 1.5 -3.8
ETHO Etho Climate Leadership U.S. ETF 7.9 47 -1 4.6 -0.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 7.8 52 -6 5.6 +0.3
PWB Invesco Dynamic Large Cap Growth ETF 7.7 56 -10 3.7 -1.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 7.7 49 -3 5.7 +0.4
JMOM JPMorgan U.S. Momentum Factor ETF 7.6 12 34 4.0 -1.3
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.6 29 17 7.2 +1.9
JQUA JPMorgan U.S. Quality Factor ETF 7.5 12 34 5.7 +0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 7.4 30 16 6.7 +1.4
PTF Invesco DWA Technology Momentum ETF 7.3 60 -14 1.7 -3.6
LRGE ClearBridge Large Cap Growth ESG ETF 7.3 59 -13 4.5 -0.8
DHS WisdomTree U.S. High Dividend Fund 7.3 38 8 8.9 +3.7
SPMO Invesco S&P 500 Momentum ETF 7.2 13 33 5.9 +0.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 27.2 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 46 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 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.