BlackRock U.S. Equity Factor Rotation ETF
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.7x
P/BV
ratio
2.6x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The BlackRock U.S. Equity Factor Rotation ETF seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.blackrock.com
Inception date Mar 19, 2019
Assets (mns) $87
Currency USD
Expense ratio 30 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives Yes
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 614
Wgt avg mkt cap (mns) $225,464
Large cap (>$10bn) 92.2%
Mid cap ($2-10bn) 7.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTEL CORP 3.0 %
APPLE INC 2.5 %
AT&T INC 2.2 %
MICROSOFT CORP 2.1 %
JOHNSON & JOHNSON 1.8 %
TESLA MOTORS INC 1.7 %
AMAZON.COM INC 1.4 %
UNITEDHEALTH GROUP INC 1.3 %
ADOBE SYSTEMS INC 1.3 %
NVIDIA CORP 1.2 %
Total 18.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.7 %
BRITAIN 1.0 %
BERMUDA 0.4 %
SWITZERLAND 0.3 %
CANADA 0.2 %
NETHERLANDS 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
0.1% 7.3% -- -- 9.3%

Market Correlations
versus... Beta R-squared
S&P500 0.94 98%
MSCI EAFE 0.98 91%
MSCI Emg. Mkts. 0.68 71%

Technical Indicators
Recent close $28.01
30d moving avg. $28.14
Annualized volatility 19.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.2%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $32,320

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the BlackRock U.S. Equity Factor Rotation ETF ETF based on the alternatives' overlap in portfolio holdings with DYNF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DYNF Expense: 30 bp ALTAR Score™: 6.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DYNF
Ticker Fund
Name
Overlap1
vs DYNF
(%)
Expense
ratio
(bp)
Savings
vs DYNF
(bp)
ALTAR
Score™
(%)
ALTAR
vs DYNF
(%)
JHML John Hancock Multifactor Large Cap ETF 63.7 29 1 5.7 -1.0
QUS SPDR MSCI USA StrategicFactors ETF 62.2 15 15 6.0 -0.7
PBUS Invesco PureBeta MSCI USA ETF 61.6 4 26 5.6 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 61.5 9 21 5.9 -0.8
SCHX Schwab U.S. Large-Cap ETF 60.6 3 27 5.5 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 59.9 2 28 5.6 -1.1
IYY iShares Dow Jones U.S. ETF 59.6 20 10 5.4 -1.4
SCHK Schwab 1000 Index ETF 59.5 5 25 5.6 -1.2
IWB iShares Russell 1000 ETF 59.4 15 15 5.5 -1.3
VV Vanguard Large-Cap Index Fund 59.2 4 26 5.6 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 59.0 7 23 5.6 -1.2
VONE Vanguard Russell 1000 ETF 58.8 8 22 5.5 -1.2
PBP Invesco S&P 500 BuyWrite ETF 58.5 49 -19 5.3 -1.5
VTHR Vanguard Russell 3000 Index Fund 58.0 10 20 5.4 -1.4
ESGV Vanguard ESG U.S. Stock ETF 57.9 12 18 5.5 -1.2
SCHB Schwab U.S. Broad Market ETF 57.8 3 27 5.5 -1.3
HSPX Global X S&P 500 Covered Call ETF 57.7 60 -30 5.3 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 57.7 3 27 5.4 -1.4
IVV iShares Core S&P 500 ETF 57.6 3 27 5.8 -1.0
XYLG Global X S&P 500 Covered Call & Growth ETF 57.6 60 -30 5.3 -1.4
SPY SPDR S&P 500 ETF Trust 57.5 9 21 5.7 -1.0
SPLG SPDR Portfolio Large Cap ETF 57.5 3 27 5.8 -1.0
IWV iShares Russell 3000 ETF 57.4 20 10 5.3 -1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 57.4 20 10 5.7 -1.1
EPS WisdomTree U.S. Earnings 500 Fund 57.0 8 22 6.9 +0.1
VOO VANGUARD S&P 500 ETF 56.9 3 27 5.8 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 56.8 27 3 5.7 -1.1
SFY SoFi Select 500 ETF 56.7 0 30 5.4 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 56.5 39 -9 7.2 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 56.5 25 5 7.1 +0.4
VTI Vanguard Total Stock Market Index Fund 56.5 3 27 5.4 -1.4
AVUS Avantis U.S. Equity ETF 56.0 15 15 6.0 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 55.9 3 27 5.9 -0.9
ESGU iShares MSCI USA ESG Optimized ETF 55.9 15 15 5.5 -1.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 54.6 25 5 7.2 +0.4
EUSA iShares MSCI USA Equal Weighted ETF 54.1 15 15 6.2 -0.5
SPXN ProShares S&P 500 Ex-Financials ETF 53.7 27 3 5.4 -1.3
CATH Global X S&P 500 Catholic Values Custom ETF 53.6 29 1 5.5 -1.2
IUS Invesco Strategic US ETF 53.4 19 11 6.8 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 53.2 15 15 6.2 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.3 20 10 5.3 -1.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 51.9 29 1 6.2 -0.6
MMTM SPDR S&P 1500 Momentum Tilt ETF 51.8 12 18 5.6 -1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 51.8 25 5 6.6 -0.1
VLU SPDR S&P 1500 Value Tilt ETF 51.5 12 18 7.6 +0.8
IQSU IQ Candriam ESG US Equity ETF 51.3 9 21 5.7 -1.1
MGC Vanguard Mega Cap Index Fund 51.3 7 23 5.6 -1.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 51.1 9 21 6.0 -0.7
RWL Invesco S&P 500 Revenue ETF 51.1 39 -9 7.5 +0.7
KOKU Xtrackers MSCI Kokusai Equity ETF 50.5 9 21 6.0 -0.8
TOK iShares MSCI Kokusai ETF 50.3 25 5 5.8 -1.0
DIVB iShares U.S. Dividend & Buyback ETF 50.1 25 5 7.1 +0.4
SPXT ProShares S&P 500 Ex-Technology ETF 49.8 27 3 5.5 -1.2
RSP Invesco S&P 500 Equal Weight ETF 49.6 20 10 6.7 -0.1
IWL iShares Russell Top 200 ETF 49.5 15 15 5.4 -1.4
SPXV ProShares S&P 500 Ex-Health Care ETF 49.2 27 3 5.5 -1.3
BKLC BNY Mellon US Large Cap Core Equity ETF 48.9 0 30 5.6 -1.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 48.8 19 11 6.5 -0.3
EFIV SPDR S&P 500 ESG ETF 48.2 10 20 5.6 -1.2
SNPE Xtrackers S&P 500 ESG ETF 48.2 10 20 5.6 -1.1
AFLG First Trust Active Factor Large Cap ETF 48.0 55 -25 5.9 -0.8
SCHV Schwab U.S. Large-Cap Value ETF 47.9 4 26 6.9 +0.1
URTH iShares MSCI World ETF 47.7 24 6 5.9 -0.9
VOOV Vanguard S&P 500 Value ETF 47.6 10 20 7.4 +0.6
IVE iShares S&P 500 Value ETF 47.3 18 12 7.3 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 47.3 32 -2 5.4 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 47.2 4 26 7.4 +0.7
SCIU Global X Scientific Beta US ETF 47.0 19 11 5.8 -0.9
IUSV iShares Core S&P U.S. Value ETF 47.0 4 26 7.5 +0.8
IWD iShares Russell 1000 Value ETF 46.9 19 11 7.0 +0.2
DTD WisdomTree U.S.Total Dividend Fund 46.7 28 2 7.0 +0.2
VONV Vanguard Russell 1000 Value Index Fund 46.6 8 22 7.1 +0.3
VEGN US Vegan Climate ETF 46.5 60 -30 5.4 -1.3
QWLD SPDR MSCI World StrategicFactors ETF 46.3 30 0 6.2 -0.5
ROUS Hartford Multifactor US Equity ETF 46.1 19 11 6.5 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund 45.8 60 -30 6.0 -0.7
RNLC Large Cap US Equity Select ETF 45.7 60 -30 6.2 -0.5
EXT WisdomTree U.S. Total Earnings Fund 45.4 28 2 5.9 -0.9
FLQL Franklin LibertyQ U.S. Equity ETF 45.2 15 15 6.2 -0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 45.2 60 -30 4.8 -1.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 45.2 35 -5 5.8 -1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 45.2 28 2 6.8 +0.0
ONEO SPDR Russell 1000 Momentum Focus ETF 45.0 20 10 6.5 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 45.0 12 18 5.5 -1.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 44.8 35 -5 5.8 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 44.8 10 20 5.3 -1.5
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 44.7 10 20 5.2 -1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 44.3 17 13 6.4 -0.3
IWF iShares Russell 1000 Growth ETF 44.0 19 11 4.8 -2.0
DSI iShares MSCI KLD 400 Social ETF 43.8 25 5 5.1 -1.7
VOOG Vanguard S&P 500 Growth ETF 43.8 10 20 5.2 -1.6
ACWI iShares MSCI ACWI ETF 43.7 32 -2 6.0 -0.7
IUSG iShares Core S&P US Growth ETF 43.6 4 26 5.2 -1.6
IVW iShares S&P 500 Growth ETF 43.6 18 12 5.1 -1.7
SPYG SPDR Portfolio S&P 500 Growth ETF 43.6 4 26 5.2 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 43.6 8 22 4.9 -1.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 43.5 75 -45 4.0 -2.7
RAFE PIMCO RAFI ESG U.S. ETF 43.2 29 1 7.7 +0.9
VTV Vanguard Value Index Fund 42.9 4 26 7.4 +0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 42.5 17 13 6.5 -0.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
BlackRock U.S. Equity Factor Rotation ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.1 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.