iShares Russell Mid-Cap ETF

Based on the provided analysis, here is an assessment of whether IWR is worth buying.

Technical Analysis: IWR exhibits strong positive momentum, trading near its 52-week high and having significantly outperformed the market over the past three months. However, this proximity to its peak suggests the fund may be approaching overbought conditions, with limited short-term upside before encountering technical resistance.

Fundamentals & Valuation: A meaningful fundamental or relative valuation analysis is impossible due to a lack of accessible financial data and peer comparison metrics. The available trailing P/E ratio of 22.82 offers a single data point but lacks the context needed to determine if the ETF is fairly valued.

Risk: The primary risk is its above-market volatility (beta of 1.12), evidenced by a substantial maximum drawdown of -19.42% this year. While there are no significant security-specific red flags like high short interest, the ETF remains fully exposed to general market downturns.

Buy Recommendation:

IWR demonstrates strong technical momentum and recent outperformance, making it attractive for investors seeking growth and who are comfortable with higher volatility. However, the current price near its 52-week high suggests limited short-term upside and increased susceptibility to a pullback. The inability to perform a fundamental or relative valuation check is a significant drawback, making this a speculative buy based primarily on technicals. It may be suitable for tactical, momentum-oriented investors, but conservative investors should wait for a better entry point or more comprehensive data.

RockFlow Model Forecast: Three Scenarios for 2026

Based on the analysis, here is a 12-month outlook for IWR:

12-Month Outlook for IWR

The outlook is primarily driven by its technical momentum, though a clear fundamental foundation is absent. Key catalysts include its demonstrated ability to outperform the broader market, suggesting continued positive momentum could drive further upside if the bull market persists. The primary risk is its high sensitivity to market downturns (beta of 1.12), which could trigger a significant correction from current levels near the 52-week high; the substantial maximum drawdown this year highlights this volatility. Given the lack of a specific analyst target price, a prudent target range would be cautious, factoring in potential for growth but also vulnerability to a pullback, suggesting a range of approximately $95 to $115 over the next year. Investors should monitor for signs of momentum slowing or a broader market shift.

Wall Street Consensus

Most Wall Street analysts are optimistic about iShares Russell Mid-Cap ETF's 12-month outlook, with consensus target around $102.22, indicating expected upside potential.

Overall, IWR has investment potential but also faces challenges. Here are key factors to weigh before investing.

IWR has demonstrated strong positive momentum with substantial gains over recent periods while trading near its 52-week high. The fund has significantly outperformed the market benchmark over the past three months, recovering impressively from its maximum drawdown earlier in the year. Current price action suggests sustained bullish sentiment toward this ETF.

Over the past month, IWR posted modest gains of 0.56%, while the three-month performance shows more robust growth at 5.45%. Importantly, the fund has outperformed the market by 5.47% over this three-month period, indicating relative strength. The beta of 1.12 confirms the fund has been more volatile than the broader market, contributing to both its outperformance and the deeper maximum drawdown experienced.

Currently trading at $101.66, IWR sits near the upper end of its 52-week range ($73.17-$103.29), approximately 2% below its yearly high. This proximity to the peak suggests the fund is approaching overbought territory rather than oversold conditions. Investors should monitor for potential resistance near the $103.29 level given the limited upside remaining within the yearly range.

Based on the information provided, it appears that IWR's financial data is either unavailable or not publicly accessible. This lack of basic financial reporting makes a fundamental analysis impossible at this time.

Without financial statements, we cannot assess the company's debt situation or cash flow health in any meaningful way. The inability to access this data prevents an evaluation of financial stability or liquidity.

Standard metrics for operational efficiency cannot be calculated due to missing financial data. Investors would need access to at least basic financial statements to begin any assessment of IWR's fundamental performance.

Valuation Level: IWR's current TTM PE ratio of 22.82 represents a clear valuation multiple for the stock, though further contextual analysis is limited by the absence of forward-looking metrics like Forward PE or PEG. This single data point indicates the market's current pricing relative to trailing earnings but provides an incomplete picture for determining whether the stock is overvalued or undervalued without its historical range or growth expectations. Consequently, a definitive valuation assessment cannot be made based on the isolated trailing PE alone.

Peer Comparison: A peer comparison for relative valuation is not feasible as no industry average data has been provided for benchmarking. Without sector-specific metrics such as average industry PE or PB ratios, it is impossible to contextualize IWR's multiples of TTM PE 22.82 and PB 1.38 against its competitive landscape. This lack of comparative data prevents any meaningful conclusion regarding IWR's relative valuation position within its industry.

Volatility Risk: IWR's beta of 1.12 indicates it is moderately more volatile than the broader market, suggesting it may experience larger swings during periods of market stress. This is corroborated by its one-year maximum drawdown of -19.42%, which illustrates a significant potential for capital depreciation during a downturn.

Other Risks: The absence of significant short interest implies a consensus view that the ETF is not substantially overvalued or ripe for a near-term decline. However, as a diversified ETF tracking a broad index, its primary risk remains broad market correlation and general equity market downturns, rather than security-specific liquidity or sentiment issues.