IVRS

iShares Future Metaverse Tech and Communications ETF

IVRS tracks an index of equity securities from around the world that are expected to contribute to the metaverse.


Global

EQUITY

Passive

MANAGEMENT STYLE

7.0 M

ASSETS UNDER MGMT

47 bp

EXPENSES
Fund Basics
Fund sponsorBlackrock
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateFeb 16, 2023
Assets (mns)$7
Expense ratio47 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsNone
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
META PLATFORMS INC 6.6 %
KRAFTON, INC. 5.9 %
ROBLOX CORP. CLASS A 5.7 %
AUTODESK INC 5.4 %
UNITY SOFTWARE, INC. 5.2 %
SONY CORP 5.1 %
ELECTRONIC ARTS INC 4.6 %
DASSAULT SYSTEMES SA 4.5 %
PTC INC. 4.5 %
ANSYS INC 4.4 %
Constituent Breakdown
Number of holdings41
Herfindahl-Hirschman Index 431
Wgt avg mkt cap (mns)$430,553
Large cap (>$10bn)88.0%
Mid cap ($2-10bn)7.9%
Small cap (<$2bn)4.1%
Developed mkts.78.2%
Emerging mkts.21.8%
Country Exposure
UNITED STATES 62.4 %
CHINA 11.3 %
SOUTH KOREA 10.1 %
FRANCE 7.1 %
JAPAN 5.2 %
SWITZERLAND 3.8 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 4.8% 22.6% -- -- -- -- 21.0%
Volatility 16.6% 17.2% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.1774%
MSCI EAFE0.8346%
MSCI Emg Mkts1.1067%
Liquidity Measures
Avg. volume (000)2
Turnover1.0%
Avg. Bid/Ask (% of price)0.30%
ADV of underlying (mns)$73,857
Technical Indicators
Recent close$34.96
30d moving avg.$32.82
Annualized volatility18.0%
Relative strength (RSI)54
Short interest (ETF)0.0%
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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Risk and Returns: IVRS 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 -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
3.2 21.8 3.0 0.4% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IVRS



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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

IVRS

-3.8%

Cat. Avg

4.0%


ALTAR Score™ Calculation

Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™ of 4.0% and a standard deviation of 4.6%. IVRS's ALTAR Score™ is approximately 1.7 standard deviations below the category average. This places IVRS in the 5th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

IVRS
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Global Equity ETFs
# of ETFs 53
Avg. Expense Ratio 50.8 bp
Std. Deviation 22.4 bp
IVRS (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)
IVRS 47.0 30.4 77.4
Peer Avg. 56.6 40.2 96.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .