IGE
iShares North American Natural Resources ETF
The iShares S&P North American Natural Resources Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of U.S.-traded natural resource-related stocks as represented by the S&P North American Natural Resources Sector Index.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
596.3 M
ASSETS UNDER MGMT
41 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 22, 2001 |
| Assets (mns) | $596 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 10.1 % |
| CHEVRON CORP | 9.1 % |
| CONOCOPHILLIPS | 4.3 % |
| ENBRIDGE INC | 3.9 % |
| WILLIAMS COS INC | 2.8 % |
| NEWMONT MINING CORP | 2.5 % |
| EOG RESOURCES, INC. | 2.5 % |
| AGNICO-EAGLE MINES LTD | 2.4 % |
| CANADIAN NATURAL RESOURCES | 2.4 % |
| CRH PUBLIC LIMITED PLC | 2.3 % |
Constituent Breakdown
| Number of holdings | 131 |
| Herfindahl-Hirschman Index | 319 |
| Wgt avg mkt cap (mns) | $118,637 |
| Large cap (>$10bn) | 89.2% |
| Mid cap ($2-10bn) | 8.4% |
| Small cap (<$2bn) | 2.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 72.0 % |
 |
CANADA | 20.2 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -2.4% | -6.6% | 2.3% | 2.2% | 14.6% | 0.3% | 3.0% | 4.1% |
| Dividend Yield | 0.5% | 2.4% | 2.7% | 2.9% | 3.4% | 3.1% | 2.2% | 2.1% |
| Total Returns | -1.9% | -4.2% | 4.9% | 5.1% | 18.0% | 3.4% | 5.3% | 6.2% | Ann. Volatility | 30.6% | 22.0% | 19.8% | 24.1% | 25.5% | 26.1% | 28.3% | 27.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 43% |
| MSCI EAFE | 0.90 | 45% |
| MSCI Emg Mkts | 0.53 | 16% |
Liquidity Measures
| Avg. volume (000) | 106 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $12,600 |
Technical Indicators
| Recent close | $41.70 |
| 30d moving avg. | $42.75 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.6% |
| Short interest (underlying) | 3.9% |
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. IGE |
Expenses vs. IGE |
ALTAR Score™ vs. IGE |
|---|---|---|---|---|
| VDE | Vanguard Energy ETF | 59.3% | -31 bp | +1.8% |
| FENY | Fidelity MSCI Energy Index ETF | 59.2% | -33 bp | +1.8% |
| IYE | iShares U.S. Energy ETF | 57.0% | -1 bp | +1.6% |
| XLE | Energy Select Sector SPDR Fund | 51.5% | -33 bp | +1.6% |
| IXC | iShares Global Energy ETF | 51.5% | +3 bp | +2.8% |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 48.9% | +19 bp | +5.4% |
| NANR | SPDR S&P North American Natural Resources ETF | 44.7% | -6 bp | +0.6% |
| DRLL | Strive U.S. Energy ETF | 41.4% | 0 bp | +3.0% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 40.8% | -1 bp | +3.6% |
| FILL | iShares MSCI Global Energy Producers ETF | 40.3% | -2 bp | +4.5% |
Risk and Returns: IGE 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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/30/2025
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
IGE
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
IGE
8.6%
Cat. Avg
5.2%
ALTAR Score™ Calculation
Category Overview
There are 360 funds in the Global Equity category, with an average ALTAR Score™
of 5.2% and a standard deviation of
3.5%. IGE's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places IGE in the 84th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IGESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| IGE (41 bp) Percentile rank | 22 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IGE | 41.0 | 3.0 | 44 |
| Peer Avg. | 56.0 | 39.6 | 95.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .