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

iShares Cybersecurity and Tech ETF

$64.53-1.21% today
416852-WK

The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is composed of developed and emerging market companies that are involved in cyber security and technology, including cyber security hardware, software, products, and services. It is non-diversified.

Price & daily flows
62.554.847.164.53DAILY NET FLOWFeb 17Apr 17Jun 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET +$21M OVER THIS RANGE

The desk’s read

Money is leaving — −$6M walked out over the past month, about 0.6% of the fund's asset base, while the price has returned +36.3% so far this year. At 0.47% a year it is not the cheapest way in — ESMV runs the same ground at 0.18%.

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

$1.1Bassets under management
0.47%expense ratio · $47 per $10,000 a year
−$6Mnet flow, trailing month
182Kavg daily volume, 30 days
48holdings · US-domiciled
2019listed June 10, 2019 · beta 0.98
The book at a glance
TMVQLYS-0.8%ZS-0.1%S-5.0%NTSK-4.7%PANW-3.9%VRNS-2.7%TENB-3.4%OKTA-0.9%CRWD-5.5%SAIC+2.9%FTNT-3.7%ALRM+2.7%BAH+4.1%CHKP+1.7%CALX+3.0%BB-2.5%YOU-0.4%AKAM-1.7%ATEN-2.4%SAIL+0.1%RPDOSPNCACI4.3%23453.2%47042.9%NETC2.9%RDWRZETRIX1.1%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES1.65%$41.63-4.6%
2QLYSQUALYS5.90%$186.44-0.8%
3ZSZSCALER4.99%$185.77-0.1%
4SSENTINELONE4.84%$21.36-5.0%
5NTSKNetskope, Inc. Class A4.87%$14.65-4.7%
6PANWPALO ALTO NETWORKS4.89%$359.31-3.9%
7VRNSVARONIS SYSTEMS4.67%$42.59-2.7%
8TENBTENABLE HOLDINGS4.48%$35.06-3.4%
9OKTAOKTA4.27%$142.62-0.9%
10CRWDCROWDSTRIKE HOLDINGS4.51%$201.31-5.5%
11SAICSCIENCE APPLICATIONS INTERNATIONAL3.85%$129.53+2.9%
12FTNTFORTINET3.81%$152.62-3.7%
13ALRMALARMCOM HOLDINGS3.48%$57.48+2.7%
14BAHBOOZ ALLEN HAMILTON HOLDING3.34%$78.86+4.1%
15CHKPCHECK POINT SOFTWARE TECHNOLOGIES3.31%$132.66+1.7%

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Sector weights
Information Technology87.21%
Industrials12.6%
Cash and/or Derivatives0.18%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States77.33%
Israel5.45%
Canada3.31%
Japan3.25%
Taiwan3.24%
Denmark2.85%
United Kingdom1.83%
Germany1.65%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-3.2%
1 month+1.3%
3 months+20.4%
6 months+42.0%
YTD+36.3%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$2M
1 month−$6M
3 months+$54M
YTD−$21M
1 year−$62M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
AugSepOctNovDecJanFebMarAprMayJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
28%realized volatility, 30 days (annualized)
26%realized volatility, 1 year
-22.7%deepest fall from a peak, 1 year
-5.6%where it sits vs. that peak today

The top holding is 5.9% of the book; the top ten carry 48%. Spread across 40+ names, it behaves like roughly 26 equally-weighted positions.

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

Options tape
calls today
puts today
put/call ratio
100Kshares traded
Most-traded holdings, options premiumBullishBearish
CRWD CROWDSTRIKE HOLDINGS$34M$40M
PANW PALO ALTO NETWORKS$25M$26M
ZS ZSCALER$3M$3M
AKAM AKAMAI TECHNOLOGIES$2M$1M
FTNT FORTINET$1M$2M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against IHAK

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

FundFeeAssetsFlow, 1MThe case
ITOT iShares Core S&P Total U.S. Stock Market ETF0.03%$97.9B+$245M-44bp on fee · 91× the assets · +$245M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-43bp on fee · 31× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-43bp on fee · 26× the assets · +$103M in over the monthHead-to-head
IVV iShares Core S&P 500 ETF0.03%$900.9B−$14.2B-44bp on fee · 838× the assetsHead-to-head
VOO Vanguard 500 Index Fund0.03%$500.4B-44bp on fee · 466× the assetsHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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