IWR is diverse at the sector level with five sectors garnering double-digit weights ranging from 12.1% (healthcare) to 20.8% (financial services). The ETF is also well-positioned to endure rising rates, should that day ever come, as rate-sensitive consumer staples, utilities and telecom stocks combine for just 12% of IWR’s weight.
“The ETF also ranks favorably to S&P Capital IQ for its low 0.20% expense ratio, its modest standard deviation of 10.1 and its bullish technical trading pattern. IWR, which on average trades 262,000 shares on a daily basis, is well above its 200-day moving average,” said S&P Capital IQ.
The research firm rates IWR overweight.
iShares Russell Midcap ETF