IXG

iShares Global Financials ETF

iShares S&P Global Financials Sector Index Fund seeks investment results that correspond to the performance of the S&P Global Financials Index. The Fund uses a Representative Sampling strategy


Passive, Semi-Diverse

MANAGEMENT MATRIX

FNCL

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorBarclays Global Fund Advisors
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateNov 12, 2001
Assets (mns)$518
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionCommittee
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
BERKSHIRE HATHAWAY INC-CL B 7.7 %
JPMORGAN CHASE & CO 5.3 %
BANK OF AMERICA CORP 3.4 %
WELLS FARGO & CO 2.3 %
ROYAL BANK OF CANADA 1.9 %
GOLDMAN SACHS GROUP INC 1.7 %
SCHWAB (CHARLES) CORP 1.7 %
TORONTO-DOMINION BANK 1.7 %
COMMONWEALTH BANK OF AUSTRAL 1.7 %
MORGAN STANLEY 1.7 %
Constituent Breakdown
Number of holdings198
Herfindahl-Hirschman Index 169
Wgt avg mkt cap (mns)$120,795
Large cap (>$10bn)60.6%
Mid cap ($2-10bn)2.6%
Small cap (<$2bn)0.0%
Developed mkts.95.1%
Emerging mkts.4.9%
Country Exposure
UNITED STATES 49.9 %
CANADA 8.4 %
BRITAIN 5.6 %
AUSTRALIA 5.2 %
JAPAN 4.4 %
SWITZERLAND 4.3 %
GERMANY 2.8 %
CHINA 2.4 %
HONG KONG 2.3 %
FRANCE 2.0 %
Historical Performance


Standardized Annual Returns (as of 11/30/2022)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-6.2% -1.8% 11.3% 5.6% 4.0% 8.1% 4.1%
Market Correlations
versus...BetaR-squared
S&P 5001.0172%
MSCI EAFE1.1287%
MSCI Emg Mkts0.8657%
Liquidity Measures
Avg. volume (000)129
Turnover1.8%
Avg. Bid/Ask (% of price)0.13%
ADV of underlying (mns)$30,287
Technical Indicators
Recent close$71.16
30d moving avg.$69.75
Annualized volatility25.1%
Relative strength (RSI)66
Short interest (ETF)0.1%
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: IXG vs. Comps (1 YR)

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Results & Estimates
  2017 2018 2019 2020 2021 2022E 2023E  
Sales 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
  2021 2022E Fwd Est 2023E
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 --%
2.1 10.1 1.2 3.7% --
Based on closing prices from 12/6/2022
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IXG



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

IXG

9.7%

Cat. Avg

4.2%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.7%
Recommendation

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.

Category Overview
There are 337 funds in the Global Equities category, with an average ALTAR Score™ of 4.2% and a standard deviation of 4.7%. IXG's ALTAR Score™ is approximately 1.2 standard deviations above the category average. This places IXG in the 88th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
IXG
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IXG 40.0 12.8 52.8
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.