REM
iShares Mortgage Real Estate ETF
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.
US
EQUITY
Passive
MANAGEMENT STYLE
637.2 M
ASSETS UNDER MGMT
48 bp
EXPENSES
Fund Basics
| Fund sponsor | Barclays Global Fund Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | May 01, 2007 |
| Assets (mns) | $637 |
| Expense ratio | 48 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 +
| ANNALY CAPITAL MANAGEMENT REIT INC | 15.6 % |
| AGNC INVESTMENT CORP. | 11.3 % |
| STARWOOD PROPERTY TRUST INC | 9.7 % |
| NEW RESIDENTIAL INVESTMENT | 8.8 % |
| ARBOR REALTY TRUST INC | 5.1 % |
| CAPITAL TRUST-CL A | 4.6 % |
| LADDER CAPITAL CORP-CLASS A | 3.2 % |
| APOLLO COMMERCIAL REAL ESTAT | 3.1 % |
| TWO HARBORS INVESTMENT CORP | 2.9 % |
| CHIMERA INVESTMENT CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 33 |
| Herfindahl-Hirschman Index | 689 |
| Wgt avg mkt cap (mns) | $2,159 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 54.2% |
| Small cap (<$2bn) | 45.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 72.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.0% | 23.9% | 8.8% | -6.6% | -3.6% | 2.0% | -1.3% | Volatility | 19.7% | 21.5% | 23.8% | 26.3% | 37.3% | 27.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.46 | 74% |
| MSCI EAFE | 1.39 | 70% |
| MSCI Emg Mkts | 1.12 | 44% |
Liquidity Measures
| Avg. volume (000) | 338 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $444 |
Technical Indicators
| Recent close | $22.88 |
| 30d moving avg. | $23.14 |
| Annualized volatility | 29.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.7% |
| 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. REM |
Expenses vs. REM |
ALTAR Score™ vs. REM |
|---|---|---|---|---|
| MORT | VanEck Mortgage REIT Income ETF | 65.1% | -5 bp | -1.2% |
| SRET | Global X SuperDividend REIT ETF | 22.7% | +11 bp | -4.2% |
| RIET | Hoya Capital High Dividend Yield ETF | 22.1% | +2 bp | -1.7% |
| KBWD | Invesco KBW High Dividend Yield Financial ETF | 20.6% | +336 bp | -4.6% |
| SDIV | Global X Superdividend ETF | 14.2% | +10 bp | +1.0% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 13.0% | -18 bp | -4.0% |
Risk and Returns: REM 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 11/21/2024
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
REM
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
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™
REM
13.8%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. REM's ALTAR Score™ is approximately
3.5 standard deviations
above
the category average. This places REM in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
REMSELL
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 |
| REM (48 bp) Percentile rank | 75 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| REM | 48.0 | 4.6 | 52.6 |
| Peer Avg. | 28.8 | 6.6 | 35.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .