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Wednesday, August 19, 2026The Morning Brief →Sign in
IBATISharesINDEX

iShares Energy Storage & Materials ETF

$40.25-0.17% today
254852-WK
Price & daily flows
42.936.329.840.25DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$51M OVER THIS RANGE

The desk’s read

Money is leaving — −$5M walked out over the past month, about 7.3% of the fund's asset base, while the price has returned +37.2% so far this year. At 0.47% a year it is not the cheapest way in — VAW runs the same ground at 0.10%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$68Massets under management
0.47%expense ratio · $47 per $10,000 a year
−$5Mnet flow, trailing month
29Kavg daily volume, 30 days
50holdings
2024listed March 18, 2024
The book at a glance
BE-10.1%APD+0.8%ETN-5.3%LIN+0.9%ENS-0.8%ENPH-2.8%SU+1.5%AI+1.8%AMPX3402

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1BEBLOOM ENERGY7.57%$208.79-10.1%
2APDAIR PRODUCTS & CHEMICALS6.58%$303.28+0.8%
3ITMVANECK INTERMEDIATE MUNI ETF0.14%$45.89-0.3%
4ETNEATON CORP3.84%$431.42-5.3%
5LINLINDE3.06%$478.72+0.9%
6ENSENERSYS1.52%$200.83-0.8%
7ENPHENPHASE ENERGY1.04%$37.62-2.8%
8SUSUNCOR ENERGY3.90%$67.69+1.5%
9QSQUANTUMSCAPE0.65%$5.75-6.2%
10PLUGPLUG POWER0.62%$2.16-4.8%
11ZAPGlobal X Funds Global X U.S. Electrification ETF0.09%$32.62-1.8%
12ENTGENTEGRIS0.61%$150.43-7.7%
13DOWDOW0.56%$31.23-0.5%
14SEDGSOLAREDGE TECHNOLOGIES0.38%$29.57-4.3%
15AIC3AI6.18%$9.86+1.8%

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Sector weights
Materials38.16%
Industrials35.18%
Information Technology24.35%
Consumer Discretionary2.04%
Cash and/or Derivatives0.2%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Japan28.79%
United States27.73%
Korea (South)12.72%
France10.2%
China8.98%
Germany6.53%
Taiwan3.88%
United Kingdom0.34%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-3.7%
1 month+4.7%
3 months-6.8%
6 months+18.0%
YTD+37.2%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$5M
1 month−$5M
3 months−$7M
YTD+$48M
1 year+$51M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
41%realized volatility, 30 days (annualized)
32%realized volatility, 1 year
-25.9%deepest fall from a peak, 1 year
-15.8%where it sits vs. that peak today

The top holding is 7.6% of the book; the top ten carry 55%. Spread across 87+ names, it behaves like roughly 24 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against IBAT

Due diligence cuts both ways. These funds sit on the same shelf and beat IBAT on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-42bp on fee · 1900× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-43bp on fee · 484× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-43bp on fee · 346× the assets · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-43bp on fee · 276× the assets · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M-40bp on fee · 2891× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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