IHAK
iShares Cybersecurity & Tech ETF
IHAK seeks to track the investment results of an index composed of developed and emerging market companies involved in cyber security and technology, including cyber security hardware, software, products, and services.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
917.6 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 11, 2019 |
| Assets (mns) | $918 |
| Expense ratio | 47 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Value |
| Weighting | Market Value |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FORTINET INC | 6.0 % |
| SENTINELONE INC CLASS A | 5.8 % |
| PALO ALTO NETWORKS INC | 4.9 % |
| CYBERARK SOFTWARE LTD. | 4.8 % |
| VARONIS SYSTEMS INC | 4.6 % |
| TREND MICRO INC | 4.5 % |
| CACI INTERNATIONAL INC -CL A | 4.3 % |
| ACCTON TECHNOLOGY CORP | 4.2 % |
| CHECK POINT SOFTWARE TECH | 4.2 % |
| ZSCALER, INC. | 4.2 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 390 |
| Wgt avg mkt cap (mns) | $15,200 |
| Large cap (>$10bn) | 49.3% |
| Mid cap ($2-10bn) | 43.8% |
| Small cap (<$2bn) | 6.9% |
| Developed mkts. | 94.3% |
| Emerging mkts. | 5.8% |
Country Exposure
 |
UNITED STATES | 66.7 % |
 |
ISRAEL | 9.9 % |
 |
JAPAN | 5.3 % |
 |
TAIWAN | 4.2 % |
 |
DENMARK | 2.5 % |
 |
GERMANY | 2.0 % |
 |
CANADA | 1.6 % |
 |
MALAYSIA | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.4% | 36.9% | 18.7% | 2.8% | 14.7% | -- | 13.4% | Volatility | 18.1% | 17.7% | 20.0% | 24.1% | 24.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 51% |
| MSCI EAFE | 0.55 | 26% |
| MSCI Emg Mkts | 0.44 | 16% |
Liquidity Measures
| Avg. volume (000) | 84 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $3,287 |
Technical Indicators
| Recent close | $48.81 |
| 30d moving avg. | $49.26 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| 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. IHAK |
Expenses vs. IHAK |
ALTAR Score™ vs. IHAK |
|---|---|---|---|---|
| SPAM | Themes Cybersecurity ETF | 69.9% | -12 bp | -1.3% |
| BUG | Global X Cybersecurity ETF | 52.2% | +4 bp | -1.2% |
| WCBR | WisdomTree Cybersecurity Fund | 49.6% | -2 bp | -1.2% |
| HACK | ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund | 43.9% | +13 bp | +0.3% |
| CIBR | First Trust NASDAQ Cybersecurity ETF | 42.1% | +13 bp | +0.9% |
| FITE | SPDR S&P Kensho Future Security ETF | 25.1% | -2 bp | -1.0% |
| MVPS | Amplify Thematic All-Stars ETF | 17.0% | +2 bp | -0.5% |
| CLOD | Themes Cloud Computing ETF | 15.3% | -12 bp | -0.5% |
| TRFK | Pacer Data and Digital Revolution ETF | 14.2% | +13 bp | +0.9% |
| WFH | Direxion Work From Home ETF | 14.1% | -2 bp | +2.8% |
Risk and Returns: IHAK 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
IHAK
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
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.
ALTAR Score™
IHAK
3.2%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 375 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.6%. IHAK's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places IHAK in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IHAKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| IHAK (47 bp) Percentile rank | 32 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IHAK | 47.0 | 9.1 | 56.1 |
| Peer Avg. | 57.2 | 40.4 | 97.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .