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iShares North American Natural Resources ETF (IGE)

Rating:72Outperform

Price Target:

$53.00

The iShares North American Natural Resources ETF (IGE) has a solid overall rating, driven primarily by its strong holdings in Exxon Mobil and Chevron. Exxon Mobil contributes positively with its strategic growth initiatives and balanced valuation, while Chevron adds strength through its successful merger and attractive dividend yield. However, weaker holdings like Marathon Petroleum and Williams Co, which face challenges such as high leverage and revenue pressures, slightly temper the fund’s rating. A key risk factor is the ETF's concentration in the natural resources sector, which may expose it to industry-specific volatility.

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)

AUM604.08M

RegionNorth America

Expense Ratio0.39%

Beta0.67

IssueriShares

Inception DateOct 22, 2001

Dividend Yield2.26%

Asset ClassEquity

Index TrackedS&P North American Natural Resources Sector

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume57,550

30 Day Avg. Volume83,745

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

55.97

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering127

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 its performance. Exxon is steady, buoyed by strong financials, while Chevron shows mixed signals, with short-term weakness offset by a solid outlook. Newmont Mining and Agnico Eagle shine in the materials sector, riding rising gold prices and robust earnings. On the flip side, ConocoPhillips and Canadian Natural are lagging, weighed down by industry volatility and bearish momentum. With its North American focus, IGE is a bet on commodities and cyclical growth, though energy dominates the narrative.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
XOM	Exxon Mobil	10.26%	$61.87M	$490.40B	-1.92%	79 Outperform
CVX	Chevron	9.80%	$59.10M	$315.56B	3.78%	73 Outperform
COP	Conocophillips	3.73%	$22.50M	$108.40B	-15.18%	77 Outperform
ENB	Enbridge	3.54%	$21.32M	$102.72B	16.56%	70 Outperform
NEM	Newmont Mining	3.00%	$18.09M	$86.58B	65.98%	81 Outperform
CRH	CRH plc	2.78%	$16.73M	£60.82B	26.00%	82 Outperform
AEM	Agnico Eagle	2.71%	$16.37M	$78.76B	76.46%	81 Outperform
WMB	Williams Co	2.42%	$14.60M	$70.33B	11.09%	66 Neutral
CNQ	Canadian Natural	2.25%	$13.59M	C$91.24B	-8.95%	76 Outperform
FCX	Freeport-McMoRan	2.04%	$12.27M	$59.11B	-11.60%	68 Neutral

IGE Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price―

Price Trends

50DMA

47.97

Negative

100DMA

46.37

Positive

200DMA

44.66

Positive

Market Momentum

MACD

-0.10

Positive

RSI

46.47

Neutral

STOCH

32.38

Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For IGE, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 48.25, equal to the 50-day MA of 47.97, and equal to the 200-day MA of 44.66, indicating a neutral trend. The MACD of -0.10 indicates Positive momentum. The RSI at 46.47 is Neutral, neither overbought nor oversold. The STOCH value of 32.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IGE.

IGE Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
IGE	―	―	$604.08M	0.39%	72 Outperform
IGV	―	―	$10.03B	0.39%	72 Outperform
IGM	―	―	$9.65B	0.39%	76 Outperform
NANR	―	―	$726.84M	0.35%	72 Outperform
UMI	―	―	$375.58M	0.69%	67 Neutral
MDST	―	―	$153.14M	0.80%	66 Neutral

Performance Comparison

IGE

iShares North American Natural Resources ETF

47.73

4.25

9.77%

IGV

iShares Expanded Tech-Software Sector ETF

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IGM

iShares Expanded Tech Sector ETF

―

NANR

SPDR S&P North American Natural Resources ETF

―

UMI

USCF Midstream Energy Income Fund ETF

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MDST

Westwood Salient Enhanced Midstream Income ETF

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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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