iShares MSCI EAFE ESG Optimized ETF
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.0x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EAFE ESG Optimized ETF& tracks an index of developed market international companies that have been selected and weighted for positive environmental, social, and governance characteristics.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 28, 2016
Assets (mns) $2,791
Currency USD
Expense ratio 20 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 467
Wgt avg mkt cap (mns) $60,836
Large cap (>$10bn) 84.8%
Mid cap ($2-10bn) 14.7%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NESTLE SA-REG 2.8 %
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
ASML HOLDING NV 1.3 %
ASTRAZENECA PLC 1.1 %
SIEMENS AG-REG 1.0 %
NOVO NORDISK A/S-B 1.0 %
TOYOTA MOTOR CORP 0.9 %
BP PLC 0.9 %
ALLIANZ SE-REG 0.9 %
SANOFI-AVENTIS 0.9 %
Total 12.8 %

TOP COUNTRY EXPOSURE
JAPAN 24.3 %
BRITAIN 13.4 %
FRANCE 10.8 %
SWITZERLAND 10.5 %
GERMANY 7.9 %
AUSTRALIA 6.8 %
NETHERLANDS 5.0 %
SWEDEN 3.2 %
HONG KONG 2.8 %
DENMARK 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.0% -0.1% -- -- 6.2%

Market Correlations
versus... Beta R-squared
S&P500 0.80 81%
MSCI EAFE 0.96 98%
MSCI Emg. Mkts. 0.67 80%

Technical Indicators
Recent close $63.57
30d moving avg. $62.77
Annualized volatility 15.3%
Short interest (ETF) 0.7%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 263
Turnover 0.6%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $43,664

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI EAFE ESG Optimized ETF ETF based on the alternatives' overlap in portfolio holdings with ESGD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGD Expense: 20 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGD
Ticker Fund
Name
Overlap1
vs ESGD
(%)
Expense
ratio
(bp)
Savings
vs ESGD
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGD
(%)
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 73.1 20 0 7.1 +0.1
EFA iShares MSCI EAFE ETF 72.9 32 -12 7.1 +0.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 70.8 35 -15 6.9 -0.1
GSID Goldman Sachs MarketBeta International Equity ETF 70.5 20 0 7.4 +0.4
HFXI IQ 50 Percent Hedged FTSE International ETF 68.8 20 0 7.4 +0.5
BKIE BNY Mellon International Equity ETF 68.6 4 16 7.4 +0.4
IQSI IQ Candriam ESG International Equity ETF 67.9 15 5 7.3 +0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 65.5 7 13 7.6 +0.6
IEFA iShares Core MSCI EAFE ETF 63.9 7 13 7.3 +0.4
JHMD John Hancock Multifactor Developed International ETF 61.7 39 -19 7.5 +0.5
SCHF Schwab International Equity ETF 60.7 6 14 7.4 +0.4
QEFA SPDR MSCI EAFE Quality Mix ETF 60.2 30 -10 6.9 -0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 59.7 14 6 7.0 +0.0
IDEV iShares Core MSCI International Developed Markets ETF 58.6 5 15 7.3 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 58.5 35 -15 7.0 -0.0
SPDW SPDR Portfolio Developed World ex-US ETF 57.1 4 16 7.2 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 56.9 45 -25 6.6 -0.4
BBEU JPMorgan BetaBuilders Europe ETF 56.7 9 11 7.4 +0.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 56.7 30 -10 6.9 -0.1
IEV iShares Europe ETF 56.4 59 -39 6.8 -0.1
FLEE Franklin FTSE Europe ETF 56.3 9 11 7.0 +0.1
FLEH Franklin FTSE Europe Hedged ETF 56.2 9 11 7.1 +0.1
IEUR iShares Core MSCI Europe ETF 55.8 9 11 7.3 +0.3
FEU SPDR Portfolio Europe ETF 55.0 9 11 7.3 +0.4
DWM WisdomTree International Equity Fund 54.2 48 -28 8.4 +1.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 53.8 35 -15 8.6 +1.6
VGK Vanguard FTSE Europe ETF 53.8 8 12 7.4 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 53.8 45 -25 8.8 +1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 53.3 25 -5 6.6 -0.4
VEA Vanguard FTSE Developed Markets ETF 53.2 5 15 7.4 +0.5
DOL WisdomTree International LargeCap Dividend Fund 52.5 48 -28 8.7 +1.7
FNDF Schwab Fundamental International Large Co. Index ETF 51.3 25 -5 8.8 +1.8
PDEV Principal International Multi-Factor Core Index ETF 51.2 25 -5 7.9 +0.9
EFG iShares MSCI EAFE Growth ETF 51.0 40 -20 4.6 -2.4
CWI SPDR MSCI ACWI ex-US ETF 50.8 30 -10 7.2 +0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 50.8 16 4 6.9 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 49.9 25 -5 6.5 -0.5
ACWX iShares MSCI ACWI ex U.S. ETF 48.3 32 -12 7.3 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 47.9 39 -19 6.5 -0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 47.4 40 -20 7.0 +0.0
EFV iShares MSCI EAFE Value ETF 46.2 39 -19 9.7 +2.7
CIL VictoryShares International Volatility Weighted Index ETF 46.2 45 -25 6.7 -0.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 46.1 45 -25 6.7 -0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 46.0 30 -10 7.4 +0.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 45.4 30 -10 0.0 -7.0
VEU Vanguard FTSE All-World ex-US Index Fund 44.7 8 12 7.5 +0.6
IQIN IQ 500 International ETF 43.4 25 -5 8.8 +1.8
VSGX Vanguard ESG International Stock ETF 42.4 17 3 7.1 +0.2
IXUS ishares Core MSCI Total International Stock ETF 41.9 9 11 7.4 +0.4
IDY Pacific Global International Equity Income ETF 41.3 39 -19 8.1 +1.1
ISDX Invesco Strategic Developed ex-US ETF 41.0 23 -3 7.4 +0.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 40.5 30 -10 6.1 -0.9
VXUS Vanguard Total International Stock Index Fund 40.1 8 12 7.5 +0.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 39.2 39 -19 8.4 +1.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 38.3 29 -9 7.7 +0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 36.6 30 -10 4.4 -2.6
NUDM Nuveen ESG International Developed Markets Equity ETF 36.2 40 -20 6.9 -0.1
TPIF Timothy Plan International ETF 35.1 62 -42 6.3 -0.7
IPAC iShares Core MSCI Pacific ETF 33.6 9 11 7.4 +0.4
RNDM Developed International Equity Select ETF 33.3 65 -45 6.3 -0.6
RBIN Nationwide Risk-Based International Equity ETF 33.2 42 -22 6.2 -0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 33.0 20 0 5.5 -1.4
RFDI First Trust Riverfront Dynamic Developed International ETF 32.9 83 -63 5.7 -1.3
VPL Vanguard FTSE Pacific ETF 32.2 8 12 7.6 +0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 32.1 24 -4 7.2 +0.2
AVDE Avantis International Equity ETF 32.0 23 -3 7.8 +0.9
SCID Global X Scientific Beta Europe ETF 31.9 39 -19 6.5 -0.5
QINT American Century Quality Diversified International ETF 31.9 39 -19 5.7 -1.2
VYMI Vanguard International High Dividend Yield ETF 31.3 32 -12 10.1 +3.1
EZU iShares MSCI Eurozone ETF 31.0 49 -29 6.6 -0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 30.6 45 -25 6.7 -0.3
EURZ Xtrackers Eurozone Equity ETF 29.5 9 11 7.1 +0.1
FDEV Fidelity Targeted International Factor ETF 28.8 39 -19 6.6 -0.4
DTH WisdomTree DEFA Equity Income Fund 28.7 58 -38 9.8 +2.8
VGFO Virtus WMC Global Factor Opportunities ETF 28.6 49 -29 7.9 +1.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 28.4 42 -22 5.3 -1.7
JPIN JPMorgan Diversified Return International Equity ETF 28.4 37 -17 7.9 +0.9
IGRO iShares International Dividend Growth ETF 28.4 22 -2 8.0 +1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 28.0 48 -28 6.7 -0.3
EUMV iShares Edge MSCI Min Vol Europe ETF 27.9 25 -5 5.0 -1.9
IDHQ Invesco S&P International Developed Quality ETF 27.4 29 -9 5.1 -1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 26.9 30 -10 11.6 +4.7
IDMO Invesco S&P International Developed Momentum ETF 26.9 26 -6 4.5 -2.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.5 29 -9 8.6 +1.7
IDLB Invesco FTSE International Low Beta Equal Weight ETF 26.5 45 -25 7.1 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 26.0 30 -10 6.0 -1.0
IDLV Invesco S&P International Developed Low Volatility ETF 25.2 25 -5 6.8 -0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 24.8 35 -15 8.7 +1.7
URTH iShares MSCI World ETF 24.1 24 -4 5.5 -1.5
BBJP JPMorgan BetaBuilders Japan ETF 24.0 19 1 7.6 +0.6
EWJ iShares MSCI Japan ETF 24.0 49 -29 7.2 +0.3
DBJP Xtrackers MSCI Japan Hedged Equity ETF 23.8 45 -25 7.3 +0.3
FLJP Franklin FTSE Japan ETF 23.7 9 11 7.7 +0.8
QJPN SPDR MSCI Japan StrategicFactors ETF 23.7 14 6 7.8 +0.8
FLJH Franklin FTSE Japan Hedged ETF 23.7 9 11 7.7 +0.7
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 23.7 30 -10 7.6 +0.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 23.2 25 -5 7.3 +0.4
FIVA Fidelity International Value Factor ETF 22.9 39 -19 10.0 +3.1
JPXN iShares JPX-Nikkei 400 ETF 22.7 48 -28 7.4 +0.5

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:
iShares MSCI EAFE ESG Optimized ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.59
 
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.