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
11.5 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) | $11 |
| 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 +
| BLOOM ENERGY CORPORATION CLASS A | 12.6 % |
| MURATA MANUFACTURING CO LTD | 6.3 % |
| CONTEMPORARY AMPEREX TECHNOLOGY LT | 5.8 % |
| SAMSUNG SDI CO LTD | 5.6 % |
| BASF SE | 4.8 % |
| LG ENERGY SOLUTION LTD. | 4.8 % |
| AIR LIQUIDE SA | 4.7 % |
| ASAHI KASEI CORP | 4.5 % |
| AIR PRODUCTS & CHEMICALS INC | 4.4 % |
| LG CHEM LTD | 4.4 % |
Constituent Breakdown
| Number of holdings | 63 |
| Herfindahl-Hirschman Index | 464 |
| Wgt avg mkt cap (mns) | $43,905 |
| Large cap (>$10bn) | 67.1% |
| Mid cap ($2-10bn) | 20.8% |
| Small cap (<$2bn) | 3.9% |
| Developed mkts. | 69.8% |
| Emerging mkts. | 21.9% |
Country Exposure
 |
UNITED STATES | 28.2 % |
 |
JAPAN | 21.0 % |
 |
SOUTH KOREA | 15.9 % |
 |
FRANCE | 7.4 % |
 |
GERMANY | 4.9 % |
 |
TAIWAN | 3.4 % |
 |
IRELAND | 2.7 % |
 |
SWITZERLAND | 2.6 % |
 |
BRITAIN | 2.3 % |
 |
CHINA | 1.9 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 45.6% | 36.1% | -- | -- | -- | -- | -- | 14.8% |
| Dividend Yield | 0.0% | 0.7% | -- | -- | -- | -- | -- | 0.9% |
| Total Returns | 45.6% | 36.8% | -- | -- | -- | -- | -- | 15.7% | Ann. Volatility | 23.7% | 23.0% | -- | -- | -- | -- | -- | 21.7% |
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) | 9 |
| ADV traded (mns) | $0 |
| Turnover | 2.5% |
| Avg. Bid/Ask (% of price) | 0.64% |
Technical Indicators
| Recent close | $31.82 |
| 30d moving avg. | $30.29 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 64 |
| Short interest | 4.8% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| CTEC | Global X CleanTech ETF | 24.3% | +3 bp | +0.5% |
| IDRV | iShares Self-driving EV & Tech ETF | 22.4% | 0 bp | +1.3% |
| WBAT | WisdomTree Battery Value Chain and Innovation Fund | 18.6% | -2 bp | +1.4% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 17.3% | +11 bp | -1.9% |
| HYDR | Global X Hydrogen ETF | 15.5% | +3 bp | -4.7% |
| ICLN | iShares Global Clean Energy ETF | 15.4% | -6 bp | +3.0% |
| BATT | Amplify Lithium & Battery Technology ETF | 15.3% | +12 bp | +2.7% |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 15.2% | -2 bp | +1.4% |
| DRIV | Global X Autonomous & Electric Vehicles ETF | 14.4% | +21 bp | +4.6% |
| MXI | iShares Global Materials ETF | 14.2% | -6 bp | +7.3% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/9/2025
Peer Group Comparison Sample data. Subscribe for access.
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
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
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™
IBAT
2.5%
Cat. Avg
4.3%
ALTAR Score™ Calculation
Category Overview
There are 370 funds in the Global Equity category, with an average ALTAR Score™
of 4.3% and a standard deviation of
3.2%. IBAT's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places IBAT in the 28th 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 | 62 |
| Avg. Expense Ratio | 49.2 bp |
| Std. Deviation | 21 bp |
| IBAT (47 bp) Percentile rank | 46 |
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 | 63.7 | 110.7 |
| Peer Avg. | 49.2 | 30.9 | 80.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .