IGE - ETF AI Analysis

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iShares North American Natural Resources ETF (IGE)

Rating:73Outperform

Price Target:―

IGE, the iShares North American Natural Resources ETF, has a solid overall rating driven mainly by large positions in strong, established energy and mining companies like Exxon Mobil, Chevron, Newmont, and ConocoPhillips, which benefit from solid financial performance, positive earnings calls, and, in many cases, attractive dividends. Gold-focused names such as Newmont, Agnico Eagle, and Barrick further support the fund with robust profitability and growth initiatives, though some holdings like Enbridge, Freeport-McMoRan, and Williams introduce risks related to high leverage, operational issues, and valuation concerns. The main risk factor is the fund’s concentration in natural resources and energy, which can make it sensitive to commodity price swings and sector-specific challenges.

Positive Factors

Strong Energy Sector Exposure

The ETF is heavily weighted in the energy sector, which has shown steady performance among top holdings like Exxon Mobil and Chevron.

Healthy Year-to-Date Performance

The fund has delivered positive year-to-date returns, indicating solid overall momentum in its portfolio.

Reasonable Expense Ratio

The ETF charges a relatively low expense ratio, making it cost-effective compared to many actively managed funds.

Negative Factors

Over-Concentration in Energy

With nearly 68% of the portfolio in energy stocks, the fund is highly exposed to fluctuations in oil and gas prices.

Underperforming Holdings

Some top holdings, like ConocoPhillips and Canadian Natural, have lagged in performance, which could weigh on future returns.

Limited Geographic Diversification

The ETF is heavily focused on North America, with over 96% of assets in the U.S. and Canada, leaving it vulnerable to regional economic risks.

IGE vs. SPDR S&P 500 ETF (SPY)

AUM669.11M

RegionNorth America

Expense Ratio0.39%

Beta0.67

IssueriShares

Inception DateOct 22, 2001

Dividend Yield2.23%

Asset ClassEquity

Index TrackedS&P North American Natural Resources Sector

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume86,082

30 Day Avg. Volume77,661

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

57.93

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering138

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

IGE Summary

The iShares North American Natural Resources ETF (IGE) is an investment fund that focuses on companies in the natural resources sector, such as energy, mining, and forestry, primarily in North America. It follows the S&P North American Natural Resources Sector index and includes well-known companies like Exxon Mobil and Chevron. This ETF could be a good choice for investors who believe in the growth potential of natural resources or want to diversify their portfolio with exposure to commodities. However, it’s important to know that the ETF’s performance is closely tied to the natural resources market, which can be affected by fluctuating commodity prices and global economic conditions.

How much will it cost me?The iShares North American Natural Resources ETF (IGE) has an expense ratio of 0.39%, which means you’ll pay $3.90 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is a sector-focused fund, which typically requires more active management compared to broad index funds. However, it provides specialized exposure to the natural resources sector, which may justify the cost for investors seeking this niche focus.

What would affect this ETF?The iShares North American Natural Resources ETF (IGE) could benefit from rising global demand for energy and materials, driven by economic growth and technological advancements in resource extraction. However, it may face challenges from fluctuating commodity prices, stricter environmental regulations, or economic slowdowns that reduce demand for natural resources. Its heavy exposure to energy and materials sectors, along with top holdings like Exxon Mobil and Chevron, makes it particularly sensitive to changes in oil prices and geopolitical events affecting resource supply chains.

IGE Top 10 Holdings

The iShares North American Natural Resources ETF (IGE) leans heavily into energy and materials, with Exxon Mobil and Chevron anchoring the fund’s performance. While Exxon remains steady, Chevron has been lagging recently, weighed down by bearish momentum and revenue challenges. On the brighter side, mining stocks like Newmont Mining and Barrick Mining are rising stars, benefiting from strong profitability and strategic initiatives. The fund’s North American focus means it’s riding the wave of regional commodity demand, but its heavy reliance on energy giants could hold it back if oil prices falter.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
XOM	Exxon Mobil	9.89%	$66.44M	$525.50B	15.36%	74 Outperform
CVX	Chevron	9.22%	$61.94M	$320.65B	3.99%	71 Outperform
COP	Conocophillips	3.73%	$25.07M	$121.99B	-3.14%	78 Outperform
NEM	Newmont Mining	3.57%	$23.97M	$118.94B	173.38%	81 Outperform
ENB	Enbridge	3.02%	$20.30M	$98.49B	4.16%	69 Neutral
AEM	Agnico Eagle	2.87%	$19.26M	C$129.76B	121.20%	80 Outperform
CRH	CRH plc	2.56%	$17.17M	£65.58B	28.18%	76 Outperform
ABX	Barrick Mining	2.45%	$16.45M	C$111.02B	201.78%	80 Outperform
FCX	Freeport-McMoRan	2.38%	$16.00M	$77.86B	39.10%	67 Neutral
WMB	Williams Co	2.28%	$15.35M	$74.68B	10.14%	76 Outperform

IGE Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

49.31

Positive

100DMA

48.42

Positive

200DMA

45.75

Positive

Market Momentum

MACD

0.66

Negative

RSI

64.25

Neutral

STOCH

72.41

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For IGE, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 50.53, equal to the 50-day MA of 49.31, and equal to the 200-day MA of 45.75, indicating a bullish trend. The MACD of 0.66 indicates Negative momentum. The RSI at 64.25 is Neutral, neither overbought nor oversold. The STOCH value of 72.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IGE.

IGE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
IGE	―	―	$669.11M	0.39%	―
IGM	―	―	$8.99B	0.39%	―
IGV	―	―	$7.75B	0.39%	―
NANR	―	―	$795.50M	0.35%	―
UMI	―	―	$388.81M	0.69%	―
MDST	―	―	$174.52M	0.80%	―

Performance Comparison

IGE

iShares North American Natural Resources ETF

52.28

8.87

20.43%

IGM

iShares Expanded Tech Sector ETF

―

IGV

iShares Expanded Tech-Software Sector ETF

―

NANR

SPDR S&P North American Natural Resources ETF

―

UMI

USCF Midstream Energy Income Fund ETF

―

MDST

Westwood Salient Enhanced Midstream Income ETF

―

Glossary

BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―

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