iShares Exponential Technologies
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
20.5x P/Sales
ratio
2.2x
P/BV
ratio
3.0x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Exponential Technologies ETF holds companies from developed and emerging market countries that create or use exponential technologies as defined by Morningstar.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 23, 2015
Assets (mns) $2,628
Currency USD
Expense ratio 47 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 200
Wgt avg mkt cap (mns) $89,637
Large cap (>$10bn) 83.9%
Mid cap ($2-10bn) 15.8%
Small cap (<$2bn) 0.3%
Developed mkts 92.7%
Emerging mkts 7.3%

TOP TEN HOLDINGS
ASM INTERNATIONAL N.V. 1.1 %
LAM RESEARCH CORP 0.8 %
AMS AG 0.8 %
KLA-TENCOR CORPORATION 0.8 %
MEDIATEK INC 0.8 %
GENERAL ELECTRIC CO 0.8 %
CYPRESS SEMICONDUCTOR CORP 0.8 %
ADVANCED MICRO DEVICES 0.8 %
MARVELL TECHNOLOGY GROUP LTD 0.8 %
SEATTLE GENETICS INC 0.8 %
Total 8.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.7 %
JAPAN 6.1 %
GERMANY 4.3 %
SWITZERLAND 4.2 %
CHINA 3.5 %
FRANCE 3.2 %
NETHERLANDS 3.2 %
BRITAIN 3.0 %
DENMARK 2.6 %
IRELAND 2.6 %

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.
21.3% 15.4% -- -- 11.6%

Market Correlations
versus... Beta R-squared
S&P500 1.06 90%
MSCI EAFE 1.03 72%
MSCI Emg. Mkts. 0.75 63%

Technical Indicators
Recent close $40.81
30d moving avg. $39.56
Annualized volatility 13.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 93
Turnover 0.1%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $69,238

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares Exponential Technologies ETF based on the alternatives' overlap in portfolio holdings with XT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XT Expense: 47 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XT
Ticker Fund
Name
Overlap1
vs XT
(%)
Expense
ratio
(bp)
Savings
vs XT
(bp)
ALTAR
Score™
(%)
ALTAR
vs XT
(%)
SPXE ProShares S&P 500 Ex-Energy 24.6 27 20 5.9 +0.5
SPXN ProShares S&P 500 Ex-Financials 24.5 27 20 5.9 +0.6
MGC Vanguard Mega Cap 300 ETF 24.5 7 40 5.9 +0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 24.4 20 27 6.0 +0.6
PBP Invesco S&P 500 Buy/Write 24.4 49 -2 5.6 +0.2
IWL iShares Russell Top 200 24.3 15 32 5.7 +0.3
SFY SoFi Select 500 24.3 0 47 5.7 +0.3
BBUS JP Morgan Betabuilders U.S. Equity 24.3 2 45 5.9 +0.5
CRBN iShares MSCI ACWI Low Carbon 24.2 20 27 6.5 +1.1
PBUS Invesco PureBeta MSCI USA 24.2 4 43 6.0 +0.7
LOWC SPDR MSCI ACWI Low Carbon Target 24.2 20 27 6.5 +1.1
VV Vanguard Large-Cap ETF 24.2 4 43 5.9 +0.5
HSPX Global X S&P 500 Covered Call 24.2 65 -18 5.4 +0.1
ACWI iShares MSCI ACWI 24.1 31 16 6.3 +0.9
TOK iShares MSCI Kokusai 24.0 25 22 6.0 +0.6
SPY S&P 500 SPDR 24.0 9 38 5.9 +0.6
VOO Vanguard S&P 500 ETF 24.0 3 44 6.0 +0.6
IVV iShares Core S&P 500 24.0 4 43 6.0 +0.6
ESGU iShares MSCI USA ESG Optimized 23.9 15 32 5.6 +0.3
SCHX Schwab U.S. Large-Cap 23.8 3 44 5.9 +0.5

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

  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 Exponential Technologies
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 15.8 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.54
 
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.