IGV
iShares Expanded Tech-Software Sector ETF
The iShares Expanded Tech-Software Sector ETF seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries.
US
EQUITY
Passive
MANAGEMENT STYLE
9.0 B
ASSETS UNDER MGMT
41 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 10, 2001 |
| Assets (mns) | $9,046 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SALESFORCE.COM INC | 9.4 % |
| ORACLE CORP | 8.3 % |
| MICROSOFT CORP | 7.1 % |
| SERVICENOW INC | 7.1 % |
| ADOBE SYSTEMS INC | 6.3 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 4.7 % |
| PALO ALTO NETWORKS INC | 4.3 % |
| INTUIT INC | 4.1 % |
| SYNOPSYS INC | 2.8 % |
| CADENCE DESIGN SYS INC | 2.8 % |
Constituent Breakdown
| Number of holdings | 113 |
| Herfindahl-Hirschman Index | 426 |
| Wgt avg mkt cap (mns) | $391,331 |
| Large cap (>$10bn) | 89.3% |
| Mid cap ($2-10bn) | 9.4% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.5 % |
 |
CANADA | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 13.5% | 36.5% | 31.2% | 1.6% | 16.6% | 18.0% | 10.3% | Volatility | 20.6% | 20.0% | 22.6% | 28.1% | 29.1% | 24.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.12 | 67% |
| MSCI EAFE | 0.79 | 34% |
| MSCI Emg Mkts | 0.72 | 28% |
Liquidity Measures
| Avg. volume (000) | 3,462 |
| Turnover | 3.9% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $36,008 |
Technical Indicators
| Recent close | $101.13 |
| 30d moving avg. | $90.90 |
| Annualized volatility | 23.9% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 15.6% |
| Short interest (underlying) | 3.2% |
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. IGV |
Expenses vs. IGV |
ALTAR Score™ vs. IGV |
|---|---|---|---|---|
| CLOD | Themes Cloud Computing ETF | 57.5% | -6 bp | +0.4% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 35.1% | +19 bp | +1.6% |
| FCLD | Fidelity Cloud Computing ETF | 33.7% | -2 bp | +0.9% |
| XPND | First Trust Expanded Technology ETF | 32.9% | +24 bp | +2.2% |
| XSW | SPDR S&P Software & Services ETF | 32.8% | -6 bp | -0.7% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 32.6% | +7 bp | -0.4% |
| DFNV | Donoghue Forlines Innovation ETF | 31.8% | +28 bp | +2.4% |
| TECB | iShares U.S. Tech Breakthrough Multisector ETF | 31.4% | -1 bp | +1.6% |
| XDAT | Franklin Exponential Data ETF | 29.9% | +9 bp | +0.5% |
| XLK | Technology Select Sector SPDR Fund | 28.9% | -32 bp | +2.9% |
Risk and Returns: IGV 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 11/15/2024
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
IGV
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
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.
ALTAR Score™
IGV
2.3%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. IGV's ALTAR Score™ is approximately
1.3 standard deviations
below
the category average. This places IGV in the 10st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IGVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| IGV (41 bp) Percentile rank | 65 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IGV | 41.0 | 3.8 | 44.8 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .