IYT
iShares US Transportation ETF
The iShares Transportation Average ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of Dow Jones Transportation Average Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
40 bp
EXPENSES
$735.5 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 06, 2003 |
| Assets (mns) | $736 |
| Expense ratio | 40 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Price |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| UNION PACIFIC CORP | 18.0 % |
| UBER TECHNOLOGIES, INC. | 17.1 % |
| UNITED PARCEL SERVICE-CL B | 9.4 % |
| FEDEX CORP | 5.4 % |
| OLD DOMINION FREIGHT LINE | 4.9 % |
| CSX CORP | 4.7 % |
| NORFOLK SOUTHERN CORP | 4.5 % |
| DELTA AIR LINES INC | 4.0 % |
| EXPEDITORS INTL WASH INC | 3.0 % |
| SOUTHWEST AIRLINES CO | 2.8 % |
Constituent Breakdown
| Number of holdings | 44 |
| Herfindahl-Hirschman Index | 885 |
| Wgt avg mkt cap (mns) | $76,121 |
| Large cap (>$10bn) | 85.3% |
| Mid cap ($2-10bn) | 12.3% |
| Small cap (<$2bn) | 2.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.3% | 6.6% | 12.6% | 1.6% | 8.2% | 7.1% | 9.3% | Volatility | 16.9% | 17.2% | 21.2% | 21.6% | 25.9% | 22.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 81% |
| MSCI EAFE | 1.16 | 69% |
| MSCI Emg Mkts | 0.97 | 49% |
Liquidity Measures
| Avg. volume (000) | 524 |
| Turnover | 4.6% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $10,829 |
Technical Indicators
| Recent close | $65.09 |
| 30d moving avg. | $65.37 |
| Annualized volatility | 24.4% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 16.9% |
| Short interest (underlying) | 2.5% |
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. IYT |
Expenses vs. IYT |
ALTAR Score™ vs. IYT |
|---|---|---|---|---|
| XTN | SPDR S&P Transportation ETF | 52.7% | -5 bp | -1.2% |
| FTXR | First Trust Nasdaq Transportation ETF | 42.2% | +20 bp | +3.1% |
| SHPP | Pacer Industrials and Logistics ETF | 39.9% | +20 bp | +6.2% |
| SUPL | ProShares Supply Chain Logistics ETF | 35.2% | +18 bp | +11.9% |
| XLI | Industrial Select Sector SPDR Fund | 19.0% | -31 bp | +2.1% |
| RSPN | Invesco S&P 500 Equal Weight Industrials ETF | 17.9% | 0 bp | +1.4% |
| VIS | Vanguard Industrials ETF | 16.1% | -30 bp | +2.2% |
| FIDU | Fidelity MSCI Industrial Index ETF | 14.3% | -32 bp | +2.5% |
| JRNY | ALPS Global Travel Beneficiaries ETF | 14.0% | +25 bp | -3.5% |
| JETS | U.S. Global Jets ETF | 13.0% | +20 bp | -17.9% |
Risk and Returns: IYT 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
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
IYT
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™
IYT
2.3%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 2.3% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. IYT's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places IYT in the 8th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IYT
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| IYT (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IYT | 40.0 | 5.2 | 45.2 |
| Peer Avg. | 44.3 | 17.3 | 61.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .