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
$ 699.2 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 +
| NVIDIA CORP | 13.4 % |
| BROADCOM INC. | 7.4 % |
| ADVANCED MICRO DEVICES | 5.9 % |
| MICRON TECHNOLOGY INC | 5.4 % |
| APPLE INC | 3.7 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 3.0 % |
| ALPHABET INC. CLASS A | 2.9 % |
| AMAZON.COM INC | 2.7 % |
| LAM RESEARCH CORP | 2.7 % |
| ARISTA NETWORKS, INC. | 2.5 % |
Constituent Breakdown
| Number of holdings | 87 |
| Herfindahl-Hirschman Index | 428 |
| Wgt avg mkt cap (mns) | $1,518,894 |
| Large cap (>$10bn) | 95.6% |
| Mid cap ($2-10bn) | 1.4% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 97.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
IRELAND | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.4% | 12.0% | 20.7% | 29.0% | 15.4% | -- | -- | 20.0% |
| Dividend Yield | 0.3% | 0.4% | 0.5% | 0.6% | 0.8% | -- | -- | 0.9% |
| Total Returns | 12.7% | 12.4% | 21.2% | 29.6% | 16.2% | -- | -- | 20.9% | Ann. Volatility | 25.7% | 25.0% | 25.8% | 23.7% | 25.3% | -- | -- | 25.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.63 | 71% |
| MSCI EAFE | 0.88 | 31% |
| MSCI Emg Mkts | 0.72 | 53% |
Liquidity Measures
| Avg. volume (000) | 16 |
| ADV traded (mns) | $2 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.10% |
Technical Indicators
| 30d moving avg. (EMA) | $106.78 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 1.96/0.97 |
| Bollinger Bands (Upper/Lower) | $115.04/$96.27 |
| Short interest (% of AUM) | 0.2% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IETC |
Expenses vs. IETC |
ALTAR Score™ vs. IETC |
|---|---|---|---|---|
| IGM | iShares Expanded Tech Sector ETF | 61.8% | +23 bp | -0.3% |
| XLK | Technology Select Sector SPDR | 59.3% | -10 bp | +0.4% |
| IYW | iShares U.S. Technology ETF | 56.5% | +22 bp | -0.1% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 56.2% | +2 bp | +0.1% |
| QTOP | iShares Nasdaq Top 30 Stocks ETF | 56.0% | +2 bp | -0.2% |
| ILCG | iShares Morningstar Growth ETF | 54.8% | -14 bp | -0.1% |
| GXPT | Global X PureCap MSCI Information Technology ETF | 54.7% | +7 bp | +0.3% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 53.7% | -10 bp | +0.1% |
| VGT | Vanguard Information Technology ETF | 53.5% | -9 bp | +0.1% |
| QQQ | Invesco QQQ Trust Series I | 53.3% | +2 bp | +0.2% |
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.
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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
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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 10/15/2026
Peer Group Comparison
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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.
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ETF Research Center Rating
4.2%
ALTAR SCORE™
27th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,392 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.2%. IETC's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places IETC in the 27th percentile
among funds in the category.
Sell-Side Consensus
$142.78
PRICE TARGET
+28.7%
UPSIDE