iShares Mortgage Real Estate ETF
ALTAR
Score™		 19.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 7.1x P/Sales
ratio		 5.0x
P/BV
ratio		 0.7x Div.
yield		 12.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Mortgage Real Estate Capped ETF seeks to track the investment results of an index composed of U.S. REITs that hold U.S. residential and commercial mortgages.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 01, 2007
Assets (mns) $537
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $4,147
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 50.2%
Small cap (<$2bn) 49.8%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ANNALY CAPITAL MANAGEMENT REIT INC 24.3 %
AGNC INVESTMENT CORP. 15.9 %
STARWOOD PROPERTY TRUST INC 7.6 %
NEW RESIDENTIAL INVESTMENT 4.6 %
DYNEX CAPITAL INC 4.5 %
ARMOUR RESIDENTIAL REIT INC 4.4 %
CAPITAL TRUST-CL A 4.2 %
ELLINGTON FINANCIAL LLC 3.7 %
ORCHID ISLAND CAPITAL INC 3.0 %
TWO HARBORS INVESTMENT CORP 2.9 %
Total 75.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 59.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.1% 8.3% -1.6% 2.2% -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.60 20%
MSCI EAFE 0.59 29%
MSCI Emg. Mkts. 0.26 13%

Technical Indicators
Recent close $21.70
30d moving avg. $21.89
Annualized volatility 22.0%
Short interest (ETF) 1.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 541
Turnover 2.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $362

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 163 potential alternatives to the iShares Mortgage Real Estate ETF ETF based on the alternatives' overlap in portfolio holdings with REM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: REM Expense: 48 bp ALTAR Score™: 19.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH REM
Ticker Fund
Name		 Overlap1
vs REM
(%)		 Expense
ratio
(bp)		 Savings
vs REM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs REM
(%)
SRET Global X SuperDividend REIT ETF 22.8 59 -11 12.5 -7.5
RIET Hoya Capital High Dividend Yield ETF 20.2 50 -2 13.8 -6.2
KBWD Invesco KBW High Dividend Yield Financial ETF 16.5 384 -336 17.4 -2.5
SDIV Global X Superdividend ETF 12.6 58 -10 13.6 -6.3
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 10.5 30 18 13.1 -6.9
HOMZ Hoya Capital Housing ETF 5.0 30 18 9.8 -10.2
XSLV Invesco S&P SmallCap Low Volatility ETF 4.3 25 23 6.9 -13.0
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 4.0 80 -32 6.5 -13.4
PSCF Invesco S&P SmallCap Financials ETF 3.2 29 19 7.8 -12.2
RZG Invesco S&P Smallcap 600 Pure Growth ETF 2.8 35 13 2.8 -17.2
USVM VictoryShares US Small Mid Cap Value Momentum ETF 2.8 25 23 7.2 -12.7
FXO First Trust Financials AlphaDEX Fund 2.7 62 -14 7.5 -12.5
XSVM Invesco S&P SmallCap Value with Momentum ETF 2.7 36 12 7.6 -12.3
RNMC First Trust Mid Cap US Equity Select ETF 1.9 60 -12 6.6 -13.3
IYR iShares U.S. Real Estate ETF 1.7 40 8 6.7 -13.2
SMLV State Street SPDR US Small Cap Low Volatility Index ETF 1.6 12 36 3.2 -16.8
XMLV Invesco S&P MidCap Low Volatility ETF 1.4 25 23 6.5 -13.4
AUSF Global X Adaptive U.S. Factor ETF 1.4 27 21 7.8 -12.2
FYT First Trust Small Cap Value AlphaDEX Fund 1.2 73 -25 8.9 -11.0
NUSC Nuveen ESG Small-Cap ETF 1.1 31 17 4.6 -15.3
ISCV iShares Morningstar Small Cap Value ETF 1.1 6 42 7.2 -12.7
VIOV Vanguard S&P Small-Cap 600 Value ETF 1.1 10 38 8.4 -11.5
IWN iShares Russell 2000 Value ETF 1.0 24 24 4.4 -15.5
IJS iShares S&P Small-Cap 600 Value ETF 1.0 18 30 8.3 -11.6
SLYV State Street SPDR S&P 600 Small Cap Value ETF 1.0 15 33 8.4 -11.5
OSCV Opus Small Cap Value ETF 1.0 79 -31 5.6 -14.3
VTWV Vanguard Russell 2000 Value ETF 1.0 10 38 4.6 -15.4
FNK First Trust Mid Cap Value AlphaDEX Fund 1.0 70 -22 9.0 -10.9
XMVM Invesco S&P MidCap Value with Momentum ETF 1.0 39 9 6.9 -13.0
RZV Invesco S&P Smallcap 600 Pure Value ETF 1.0 35 13 6.5 -13.4
FSGS First Trust SMID Growth Strength ETF 1.0 60 -12 4.6 -15.4
SIXS ETC 6 Meridian Small Cap Equity ETF 1.0 89 -41 7.3 -12.6
IWC iShares Micro-Cap ETF 0.9 60 -12 -1.3 -21.3
XSMO Invesco S&P SmallCap Momentum ETF 0.9 39 9 3.5 -16.5
SIXL ETC 6 Meridian Low Beta Equity ETF 0.9 80 -32 5.7 -14.2
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 0.9 20 28 5.4 -14.5
XJR iShares ESG Screened S&P Small-Cap ETF 0.8 12 36 5.7 -14.2
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.8 29 19 6.1 -13.8
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.8 39 9 3.3 -16.6
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.7 35 13 5.6 -14.4
VIOO Vanguard S&P Small-Cap 600 ETF 0.7 7 41 5.7 -14.2
STXK Strive Small-Cap ETF 0.7 18 30 4.9 -15.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 0.7 24 24 6.9 -13.1
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF 0.7 3 45 5.9 -14.0
IJR iShares Core S&P Small Cap ETF 0.7 6 42 5.9 -14.1
RWJ Invesco S&P SmallCap 600 Revenue ETF 0.7 39 9 6.7 -13.2
IQSM IQ Candriam U.S. Mid Cap Equity ETF 0.7 15 33 4.9 -15.1
FNX First Trust Mid Cap Core AlphaDEX Fund 0.7 60 -12 5.9 -14.0
SMLF iShares U.S. SmallCap Equity Factor ETF 0.6 15 33 4.7 -15.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.6 18 30 6.6 -13.3
VBR Vanguard Small Cap Value ETF 0.6 7 41 7.4 -12.5
ONEY State Street SPDR Russell 1000 Yield Focus ETF 0.6 20 28 8.3 -11.6
FYX First Trust Small Cap Core AlphaDEX Fund 0.6 61 -13 4.9 -15.1
FNDA Schwab Fundamental US Small Co. Index ETF 0.6 25 23 5.8 -14.2
ISCB iShares Morningstar Small-Cap ETF 0.6 4 44 5.1 -14.9
HAPS Harbor Human Capital Factor US Small Cap ETF 0.5 60 -12 3.1 -16.9
RSSL Global X Russell 2000 ETF 0.5 8 40 2.5 -17.4
FAB First Trust Multi Cap Value AlphaDEX Fund 0.5 67 -19 8.1 -11.9
SMMD iShares Russell 2500 ETF 0.5 15 33 5.2 -14.7
IWM iShares Russell 2000 ETF 0.5 19 29 2.5 -17.5
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF 0.5 15 33 5.8 -14.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 0.5 7 41 5.1 -14.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.5 39 9 2.1 -17.9
VXF Vanguard Extended Market ETF 0.5 5 43 3.6 -16.4
ISMD Inspire Small/Mid Cap ETF 0.5 54 -6 4.6 -15.3
HDUS Hartford Disciplined US Equity ETF 0.5 19 29 4.6 -15.4
JMEE JPMorgan Market Expansion Enhanced Equity ETF 0.5 24 24 5.7 -14.3
VTWO Vanguard Russell 2000 ETF 0.5 7 41 2.6 -17.3
FNCL Fidelity MSCI Financials Index ETF 0.4 8 40 5.7 -14.3
SCHM Schwab U.S. Mid-Cap ETF 0.4 4 44 5.7 -14.3
QDF FlexShares Quality Dividend Index Fund 0.4 37 11 5.1 -14.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 0.4 4 44 16.4 -3.6
VRAI Virtus Real Asset Income ETF 0.4 55 -7 8.2 -11.7
VFH Vanguard Financials ETF 0.4 9 39 5.7 -14.2
SCHA Schwab U.S. Small-Cap ETF 0.4 4 44 4.2 -15.8
FLDZ RiverNorth Patriot ETF 0.4 75 -27 5.4 -14.6
QDEF FlexShares Quality Dividend Defensive Index Fund 0.4 37 11 5.3 -14.7
ESML iShares ESG Aware MSCI USA Small-Cap ETF 0.4 17 31 4.7 -15.3
SLYG State Street SPDR S&P 600 Small Cap Growth ETF 0.4 15 33 3.4 -16.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 0.4 10 38 3.4 -16.6
IJT iShares S&P Small-Cap 600 Growth ETF 0.4 18 30 3.4 -16.6
VB Vanguard Small-Cap ETF 0.4 5 43 5.0 -15.0
IYF iShares U.S. Financials ETF 0.4 40 8 5.3 -14.6
ETHO Etho Climate Leadership U.S. ETF 0.4 47 1 3.9 -16.1
RFV Invesco S&P Midcap 400 Pure Value ETF 0.4 35 13 10.5 -9.4
WSML iShares MSCI World Small-Cap ETF 0.4 15 33 5.2 -14.8
JVAL JPMorgan U.S. Value Factor ETF 0.4 12 36 6.5 -13.5
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF 0.3 9 39 3.4 -16.5
BKSE BNY Mellon US Small Cap Core Equity ETF 0.3 4 44 14.7 -5.3
IJJ iShares S&P Mid-Cap 400 Value ETF 0.3 18 30 7.5 -12.4
MDYV State Street SPDR S&P 400 Mid Cap Value ETF 0.3 15 33 7.6 -12.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 0.3 10 38 7.6 -12.3
TILT FlexShares Morningstar US Market Factor Tilt Index Fund 0.3 25 23 4.7 -15.3
FNY First Trust Mid Cap Growth AlphaDEX Fund 0.3 70 -22 2.0 -17.9
FESM Fidelity Enhanced Small Cap ETF 0.3 28 20 2.1 -17.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.3 20 28 3.7 -16.2
SEIV SEI Enhanced U.S. Large Cap Value Factor ETF 0.3 15 33 7.4 -12.5
STXM Strive Mid-Cap ETF 0.3 18 30 5.9 -14.0
FYC First Trust Small Cap Growth AlphaDEX Fund 0.3 71 -23 -0.6 -20.6
MIDE Xtrackers S&P MidCap 400 ESG ETF 0.2 15 33 6.5 -13.4
IWS iShares Russell Mid-Cap Value ETF 0.2 23 25 5.7 -14.2
XJH iShares ESG Screened S&P Mid-Cap ETF 0.2 12 36 5.7 -14.2
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 28 5.9 -14.0
LGLV State Street SPDR US Large Cap Low Volatility Index ETF 0.2 12 36 5.4 -14.5
QVMM Invesco S&P MidCap 400 QVM Multi-factor ETF 0.2 15 33 5.9 -14.1
IWR iShares Russell Midcap ETF 0.2 19 29 5.1 -14.8
MDY SPDR S&P Midcap 400 ETF Trust 0.2 23 25 5.7 -14.2
IJH iShares Core S&P Mid-Cap ETF 0.2 5 43 5.9 -14.1
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF 0.2 3 45 5.9 -14.0
IVOO Vanguard S&P Mid-Cap 400 ETF 0.2 7 41 5.9 -14.1
FMDE Fidelity Enhanced Mid Cap ETF 0.2 23 25 5.1 -14.8
FSMD Fidelity Small-Mid Multifactor ETF 0.2 15 33 6.2 -13.7
ROSC Hartford Multifactor Small Cap ETF 0.2 34 14 6.7 -13.3
ONEV State Street SPDR Russell 1000 Low Volatility Focus ETF 0.1 20 28 7.0 -12.9
OPTZ Optimize Strategy Index ETF 0.1 50 -2 3.3 -16.7
FAD First Trust Multi Cap Growth AlphaDEX Fund 0.1 64 -16 1.2 -18.7
PTL Inspire 500 ETF 0.1 9 39 4.3 -15.6
JMOM JPMorgan U.S. Momentum Factor ETF 0.1 12 36 3.2 -16.7
STXV Strive 1000 Value ETF 0.1 18 30 6.6 -13.4
VLU State Street SPDR S&P 1500 Value Tilt ETF 0.1 12 36 6.0 -14.0
FNDB Schwab Fundamental US Broad Market Index ETF 0.1 25 23 5.9 -14.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 0.1 29 19 5.4 -14.5
SFGV Sequoia Global Value ETF 0.1 23 25 6.9 -13.1
DEUS Xtrackers Russell US Multifactor ETF 0.1 17 31 6.2 -13.8
FLQL Franklin LibertyQ U.S. Equity ETF 0.1 15 33 4.5 -15.5
PRF Invesco FTSE RAFI US 1000 ETF 0.1 34 14 5.4 -14.6
ONEO State Street SPDR Russell 1000 Momentum Focus ETF 0.1 20 28 5.8 -14.2
SMDX Intech S&P Small-Mid Cap Divers Alp ETF 0.1 35 13 6.1 -13.9
SPDG State Street SPDR Portfolio S&P Sector Neutral Dividend ETF 0.1 5 43 7.2 -12.7
SCDS JPMorgan Fundamental Data Science Small Core ETF 0.1 40 8 3.4 -16.5
RWK Invesco S&P MidCap 400 Revenue ETF 0.1 39 9 7.3 -12.6
FNDX Schwab Fundamental US Large Co. Index ETF 0.1 25 23 5.9 -14.0
IWD iShares Russell 1000 Value ETF 0.1 19 29 5.0 -14.9
VONV Vanguard Russell 1000 Value ETF 0.1 7 41 5.1 -14.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 39 4.7 -15.2
REVS Columbia Research Enhanced Value ETF 0.1 19 29 6.3 -13.7
GVUS Marketbeta Russell 1000 Value Equity ETF 0.1 12 36 5.1 -14.9
SCHV Schwab U.S. Large-Cap Value ETF 0.1 4 44 5.4 -14.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 0.1 3 45 4.0 -15.9
VTI Vanguard Total Stock Market ETF 0.1 3 45 4.0 -15.9
VTHR Vanguard Russell 3000 ETF 0.1 7 41 4.0 -15.9
SCHB Schwab U.S. Broad Market ETF 0.1 3 45 4.1 -15.8
IWV iShares Russell 3000 ETF 0.1 20 28 3.9 -16.1
ESGV Vanguard ESG U.S. Stock ETF 0.0 9 39 4.0 -15.9
CVLC Calvert US Large-Cap Core Responsible Index ETF 0.0 15 33 4.1 -15.9
GUSA Goldman Sachs MarketBeta U.S. 1000 Equity ETF 0.0 11 37 4.0 -15.9
VONE Vanguard Russell 1000 ETF 0.0 7 41 4.1 -15.8
IYY iShares Dow Jones U.S. ETF 0.0 20 28 4.0 -16.0
SCHK Schwab 1000 Index ETF 0.0 5 43 4.1 -15.8
IWB iShares Russell 1000 ETF 0.0 15 33 4.0 -15.9
RECS Columbia Research Enhanced Core ETF 0.0 15 33 5.2 -14.8
DIVB iShares Core Dividend ETF 0.0 5 43 6.4 -13.6
IWO iShares Russell 2000 Growth ETF 0.0 24 24 0.5 -19.5
SCHX Schwab U.S. Large-Cap ETF 0.0 3 45 4.2 -15.8
VT Vanguard Total World Stock ETF 0.0 6 42 4.9 -15.1
VTWG Vanguard Russell 2000 Growth ETF 0.0 10 38 0.6 -19.3
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 27 2.9 -17.1
PKW Invesco Buyback Achievers ETF 0.0 62 -14 6.9 -13.1
IUSV iShares Core S&P US Value ETF 0.0 4 44 5.7 -14.3
SPTM State Street SPDR Portfolio S&P 1500 Composite Stock Market 0.0 3 45 4.2 -15.7
MMTM State Street SPDR S&P 1500 Momentum Tilt ETF 0.0 12 36 3.8 -16.2
LCTU BlackRock U.S. Carbon Transition Readiness ETF 0.0 14 34 4.0 -15.9
EBI Longview Advantage ETF 0.0 35 13 5.7 -14.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares Mortgage Real Estate ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.7 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 19.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.