IXN
iShares Global Tech ETF
iShares S&P Global Technology Sector Index Fund seeks investment results that correspond to the performance of the S&P Global Information Technology Sector Index. These include companies that
Global
EQUITY
Passive
MANAGEMENT STYLE
41 bp
EXPENSES
$4.9 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2001 |
| Assets (mns) | $4,917 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICROSOFT CORP | 18.4 % |
| NVIDIA CORP | 16.5 % |
| APPLE INC | 9.8 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 4.8 % |
| BROADCOM INC. | 4.6 % |
| ASML HOLDING NV | 2.4 % |
| SAMSUNG ELECTRONICS CO LTD | 2.1 % |
| ADOBE SYSTEMS INC | 1.6 % |
| ADVANCED MICRO DEVICES | 1.6 % |
| SALESFORCE.COM INC | 1.6 % |
Constituent Breakdown
| Number of holdings | 118 |
| Herfindahl-Hirschman Index | 803 |
| Wgt avg mkt cap (mns) | $1,137,490 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.7% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 91.0% |
| Emerging mkts. | 9.0% |
Country Exposure
 |
UNITED STATES | 77.9 % |
 |
TAIWAN | 6.1 % |
 |
JAPAN | 3.6 % |
 |
NETHERLANDS | 3.1 % |
 |
SOUTH KOREA | 3.0 % |
 |
GERMANY | 1.7 % |
 |
IRELAND | 1.5 % |
 |
CANADA | 1.1 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.5% | 31.4% | 34.2% | 13.8% | 23.0% | 19.5% | 10.9% | Volatility | 19.3% | 17.6% | 23.2% | 23.8% | 27.0% | 22.6% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.30 | 89% |
| MSCI EAFE | 1.08 | 58% |
| MSCI Emg Mkts | 0.86 | 37% |
Liquidity Measures
| Avg. volume (000) | 179 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $169,827 |
Technical Indicators
| Recent close | $78.36 |
| 30d moving avg. | $84.39 |
| Annualized volatility | 24.8% |
| Relative strength (RSI) | 68 |
| Short interest (ETF) | 0.9% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IXN |
Expenses vs. IXN |
ALTAR Score™ vs. IXN |
|---|---|---|---|---|
| FTEC | Fidelity MSCI Information Technology Index ETF | 76.8% | -33 bp | +0.4% |
| XLK | Technology Select Sector SPDR Fund | 75.0% | -32 bp | +0.7% |
| IYW | iShares U.S. Technology ETF | 67.3% | -1 bp | +0.3% |
| VGT | Vanguard Information Technology ETF | 61.3% | -31 bp | +0.3% |
| IGM | iShares Expanded Tech Sector ETF | 60.6% | 0 bp | +0.3% |
| QQMG | Invesco ESG NASDAQ 100 ETF | 52.8% | -21 bp | +0.5% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 49.8% | -13 bp | +0.6% |
| SPMO | Invesco S&P 500 Momentum ETF | 49.0% | -28 bp | -0.4% |
| QQQ | Invesco QQQ Trust Series I | 48.3% | -21 bp | +0.4% |
| QQQM | Invesco NASDAQ 100 ETF | 48.3% | -26 bp | +0.4% |
Risk and Returns: IXN 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 | -- | -- | -- | -- | -- | -- | -- | |
| 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
| 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 | --% |
Based on closing prices from 7/25/2024
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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
IXN
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™
IXN
4.3%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.3% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. IXN's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places IXN in the 52nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IXN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Passive Global Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 50.8 bp |
| Std. Deviation | 22.4 bp |
| IXN (41 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IXN | 41.0 | 9.2 | 50.2 |
| Peer Avg. | 55.0 | 27.9 | 82.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .