IBAT
iShares Energy Storage & Materials ETF
IBAT tracks a price-weighted index of companies involved in energy storage solutions around the globe. The fund seeks to provide long-term growth opportunities from companies involved in the transition to a low-carbon economy.
Global
EQUITY
Passive
MANAGEMENT STYLE
7.0 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 19, 2024 |
| Assets (mns) | $7 |
| Expense ratio | 47 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SAMSUNG SDI CO LTD | 7.8 % |
| LG ENERGY SOLUTION LTD. | 6.9 % |
| AIR PRODUCTS & CHEMICALS INC | 6.5 % |
| BASF SE | 6.3 % |
| AIR LIQUIDE SA | 5.7 % |
| MURATA MANUFACTURING CO LTD | 5.7 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 5.5 % |
| ASAHI KASEI CORP | 4.3 % |
| LG CHEM LTD | 4.3 % |
| ENPHASE ENERGY INC | 4.3 % |
Constituent Breakdown
| Number of holdings | 60 |
| Herfindahl-Hirschman Index | 431 |
| Wgt avg mkt cap (mns) | $54,222 |
| Large cap (>$10bn) | 75.6% |
| Mid cap ($2-10bn) | 13.8% |
| Small cap (<$2bn) | 10.6% |
| Developed mkts. | 71.0% |
| Emerging mkts. | 29.0% |
Country Exposure
 |
JAPAN | 23.9 % |
 |
SOUTH KOREA | 20.3 % |
 |
UNITED STATES | 20.1 % |
 |
FRANCE | 8.9 % |
 |
CHINA | 7.1 % |
 |
GERMANY | 6.5 % |
 |
IRELAND | 3.2 % |
 |
BRITAIN | 3.2 % |
 |
SWITZERLAND | 3.0 % |
 |
TAIWAN | 2.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $10,268 |
Technical Indicators
| Recent close | $25.15 |
| 30d moving avg. | $0.00 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IBAT |
Expenses vs. IBAT |
ALTAR Score™ vs. IBAT |
|---|---|---|---|---|
| MXI | iShares Global Materials ETF | 17.9% | -6 bp | +3.5% |
| IDRV | iShares Self-driving EV & Tech ETF | 17.7% | 0 bp | -3.5% |
| BATT | Amplify Lithium & Battery Technology ETF | 17.3% | +12 bp | -3.0% |
| EV | Mast Global Battery Recycling & Production ETF | 15.9% | +18 bp | +8.5% |
| HDRO | Defiance Next Gen H2 ETF | 15.7% | -17 bp | -24.4% |
| GRID | First Trust Nasdaq Clean Edge Smart GRID Infrastructure | 14.1% | +11 bp | +1.3% |
| ETEC | iShares Breakthrough Environmental Solutions ETF | 13.8% | 0 bp | +4.5% |
| KARS | KraneShares Electric Vehicles & Future Mobility Index ETF | 13.1% | +25 bp | -2.1% |
| BNE | Blue Horizon BNE ETF | 12.7% | +40 bp | +1.3% |
| SOLR | Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund | 11.3% | +32 bp | +1.5% |
Risk and Returns: IBAT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/14/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
IBAT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
IBAT
3.2%
Cat. Avg
4.0%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.6%. IBAT's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places IBAT in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IBATSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| IBAT (47 bp) Percentile rank | 43 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IBAT | 47.0 | 0.0 | 47 |
| Peer Avg. | 57.0 | 39.5 | 96.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .