IETC
iShares U.S. Tech Independence Focused ETF
The iShares Evolved US Technology ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the technology sector, according to an alternative classification system defined by machine learning algorithms.
US
EQUITY
Active
MANAGEMENT STYLE
$ 822.9 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Inception date | Mar 21, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BROADCOM INC. | 12.7 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 9.0 % |
| NVIDIA CORP | 7.9 % |
| ORACLE CORP | 5.1 % |
| MICROSOFT CORP | 4.8 % |
| AMAZON.COM INC | 4.7 % |
| ALPHABET INC. CLASS A | 3.3 % |
| SALESFORCE.COM INC | 2.8 % |
| ALPHABET INC. CLASS C | 2.7 % |
| APPLE INC | 2.6 % |
Constituent Breakdown
| Number of holdings | 87 |
| Herfindahl-Hirschman Index | 465 |
| Wgt avg mkt cap (mns) | $1,336,042 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.8 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.3% | 29.6% | 23.7% | 29.3% | 14.4% | -- | -- | 19.4% |
| Dividend Yield | 0.1% | 0.5% | 0.6% | 0.7% | 0.8% | -- | -- | 0.9% |
| Total Returns | 0.4% | 30.1% | 24.3% | 30.1% | 15.2% | -- | -- | 20.4% | Ann. Volatility | 24.4% | 21.1% | 24.5% | 22.4% | 24.5% | -- | -- | 25.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.44 | 72% |
| MSCI EAFE | 0.75 | 27% |
| MSCI Emg Mkts | 0.70 | 38% |
Liquidity Measures
| Avg. volume (000) | 48 |
| ADV traded (mns) | $5 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $103.28 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 2.52/2.71 |
| Bollinger Bands (Upper/Lower) | $109.80/$100.76 |
| Short interest (% of AUM) | 0.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IETC |
Expenses vs. IETC |
ALTAR Score™ vs. IETC |
|---|---|---|---|---|
| AGIX | KraneShares Artificial Intelligence and Technology ETF | 66.0% | +81 bp | -2.1% |
| IGM | iShares Expanded Tech Sector ETF | 55.4% | +23 bp | -0.6% |
| NYSX | Global X NYSE 100 ETF | 51.8% | -9 bp | -3.8% |
| ILCG | iShares Morningstar Growth ETF | 46.5% | -14 bp | +0.1% |
| XLK | Technology Select Sector SPDR | 46.3% | -10 bp | +0.0% |
| IYW | iShares U.S. Technology ETF | 46.3% | +22 bp | -0.1% |
| QQQ | Invesco QQQ Trust Series I | 46.2% | +2 bp | 0.0% |
| QQQM | Invesco NASDAQ 100 ETF | 46.1% | -3 bp | +0.1% |
| QQWZ | Pacer Cash COWZ 100-Nasdaq100 Rotator ETF | 46.0% | +31 bp | +4.0% |
| IVES | Wedbush ETFMG Global Cloud Technology ETF | 45.7% | +50 bp | +0.6% |
Risk and Returns: IETC 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 5/27/2026
Peer Group Comparison
Sample data. Subscribe for access.
Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
3.8%
ALTAR SCORE™
22nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,348 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.0%. IETC's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places IETC in the 22nd percentile
among funds in the category.
Sell-Side Consensus
$130.14
PRICE TARGET
+18.6%
UPSIDE