TECB
iShares U.S. Tech Breakthrough Multisector ETF
TECB tracks an index of US equities that could benefit from breakthrough technologies, modified market cap weighted.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
449.8 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
Fund sponsor | Blackrock |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jan 08, 2020 |
Assets (mns) | $450 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | None |
Taxation | 1099 |
Stock selection | Fundamental |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
NETFLIX INC | 4.9 % |
SALESFORCE.COM INC | 4.5 % |
ORACLE CORP | 4.3 % |
APPLE INC | 4.3 % |
META PLATFORMS INC | 4.1 % |
NVIDIA CORP | 4.1 % |
AMAZON.COM INC | 4.0 % |
MICROSOFT CORP | 3.5 % |
ALPHABET INC. CLASS A | 3.4 % |
PALO ALTO NETWORKS INC | 3.3 % |
Constituent Breakdown
Number of holdings | 166 |
Herfindahl-Hirschman Index | 265 |
Wgt avg mkt cap (mns) | $662,688 |
Large cap (>$10bn) | 95.5% |
Mid cap ($2-10bn) | 4.1% |
Small cap (<$2bn) | 0.4% |
Developed mkts. | 98.1% |
Emerging mkts. | 1.9% |
Country Exposure
UNITED STATES | 97.0 % | |
ARGENTINA | 1.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 28.3% | 35.8% | 37.0% | 9.1% | -- | -- | 17.9% | Volatility | 17.7% | 17.2% | 20.2% | 25.3% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.21 | 81% |
MSCI EAFE | 0.95 | 49% |
MSCI Emg Mkts | 0.78 | 32% |
Liquidity Measures
Avg. volume (000) | 25 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $120,022 |
Technical Indicators
Recent close | $55.87 |
30d moving avg. | $51.71 |
Annualized volatility | 23.6% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 2.7% |
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. TECB |
Expenses vs. TECB |
ALTAR Score™ vs. TECB |
---|---|---|---|---|
XPND | First Trust Expanded Technology ETF | 52.2% | +25 bp | +0.6% |
XNTK | SPDR NYSE Technology ETF | 49.9% | -5 bp | +0.3% |
MVPS | Amplify Thematic All-Stars ETF | 45.4% | +9 bp | -1.0% |
IGM | iShares Expanded Tech Sector ETF | 45.1% | +1 bp | +0.4% |
PWB | Invesco Large Cap Growth ETF | 42.5% | +16 bp | -0.6% |
IYW | iShares U.S. Technology ETF | 42.1% | 0 bp | +0.5% |
CLOD | Themes Cloud Computing ETF | 41.8% | -5 bp | -1.3% |
CACG | ClearBridge All Cap Growth ESG ETF | 41.1% | +14 bp | -0.1% |
AIQ | Global X Artificial Intelligence & Technology ETF | 40.5% | +28 bp | -0.1% |
LRND | IQ U.S. Large Cap R&D Leaders ETF | 40.2% | -26 bp | +2.1% |
Risk and Returns: TECB 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 12/12/2024
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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
TECB
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
TECB
3.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. TECB's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places TECB in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
TECBSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
TECB (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) |
|
---|---|---|---|
TECB | 40.0 | 7.0 | 47 |
Peer Avg. | 37.1 | 14.9 | 52.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .