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
363.9 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) | $364 |
| 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 | 4.8 % |
| ALPHABET INC. CLASS A | 4.4 % |
| MICROSOFT CORP | 4.2 % |
| META PLATFORMS INC | 4.2 % |
| APPLE INC | 4.0 % |
| AMAZON.COM INC | 3.9 % |
| VISA INC. CLASS A | 3.8 % |
| NVIDIA CORP | 3.8 % |
| MERCK & CO. INC. | 3.7 % |
| SALESFORCE.COM INC | 3.2 % |
Constituent Breakdown
| Number of holdings | 184 |
| Herfindahl-Hirschman Index | 264 |
| Wgt avg mkt cap (mns) | $710,056 |
| Large cap (>$10bn) | 96.1% |
| Mid cap ($2-10bn) | 2.8% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 98.8% |
| Emerging mkts. | 1.3% |
Country Exposure
 |
UNITED STATES | 96.2 % |
 |
ARGENTINA | 1.3 % |
 |
ISRAEL | 0.9 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.3% | 12.7% | 32.6% | 14.3% | 17.1% | -- | -- | 15.4% |
| Dividend Yield | -8.4% | -10.4% | -11.0% | -3.6% | 0.1% | -- | -- | -1.3% |
| Total Returns | -8.1% | 2.3% | 21.6% | 10.7% | 17.2% | -- | -- | 14.1% | Ann. Volatility | 18.1% | 17.6% | 17.9% | 24.1% | 26.1% | -- | -- | 26.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.23 | 85% |
| MSCI EAFE | 0.91 | 46% |
| MSCI Emg Mkts | 0.75 | 31% |
Liquidity Measures
| Avg. volume (000) | 45 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $97,665 |
Technical Indicators
| Recent close | $46.06 |
| 30d moving avg. | $49.38 |
| Annualized volatility | 23.3% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.2% |
| 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 | 49.9% | +25 bp | +0.3% |
| IGM | iShares Expanded Tech Sector ETF | 46.5% | +1 bp | +0.7% |
| XNTK | SPDR NYSE Technology ETF | 46.1% | -5 bp | +0.5% |
| AIQ | Global X Artificial Intelligence & Technology ETF | 42.4% | +28 bp | +0.9% |
| IYW | iShares U.S. Technology ETF | 41.9% | 0 bp | +0.8% |
| QGRW | WisdomTree U.S. Quality Growth Fund | 41.9% | -12 bp | +0.8% |
| GGUS | Marketbeta Russell 1000 Growth Equity ETF | 41.3% | -28 bp | +0.9% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 41.3% | -26 bp | +3.1% |
| MBCC | Monarch Blue Chips Core ETF | 41.2% | +85 bp | -0.5% |
| IETC | iShares U.S. Tech Independence Focused ETF | 41.0% | -22 bp | +0.7% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/17/2025
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
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
4.3%
Cat. Avg
6.2%
ALTAR Score™ Calculation
Category Overview
There are 960 funds in the US Equity category, with an average ALTAR Score™
of 6.2% and a standard deviation of
3.0%. TECB's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places TECB in the 27th 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. | 36.6 | 15.3 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .