iShares MSCI USA ESG Optimized ETF
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.1x P/Sales
ratio
2.4x
P/BV
ratio
3.3x Div.
yield
1.9%


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

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Dec 01, 2016
Assets (mns) $7,357
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 306
Wgt avg mkt cap (mns) $340,557
Large cap (>$10bn) 95.4%
Mid cap ($2-10bn) 4.6%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
MICROSOFT CORP 5.6 %
APPLE INC 5.3 %
AMAZON.COM INC 3.6 %
ALPHABET INC. CLASS C 2.0 %
FACEBOOK 1.9 %
JOHNSON & JOHNSON 1.5 %
ALPHABET INC. CLASS A 1.5 %
NEXTERA ENERGY GROUP 1.4 %
HOME DEPOT INC 1.3 %
VISA INC-CLASS A SHARES 1.2 %
Total 25.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 2.4 %
BRITAIN 1.3 %
SWITZERLAND 0.5 %
ARGENTINA 0.2 %
BERMUDA 0.1 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.5% 14.7% -- -- 12.2%

Market Correlations
versus... Beta R-squared
S&P500 1.00 100%
MSCI EAFE 1.00 85%
MSCI Emg. Mkts. 0.74 70%

Technical Indicators
Recent close $69.47
30d moving avg. $65.14
Annualized volatility 17.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 810
Turnover 0.8%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $209,943

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI USA ESG Optimized ETF ETF based on the alternatives' overlap in portfolio holdings with ESGU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGU Expense: 15 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGU
Ticker Fund
Name
Overlap1
vs ESGU
(%)
Expense
ratio
(bp)
Savings
vs ESGU
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGU
(%)
PBP Invesco S&P 500 BuyWrite ETF 76.6 49 -34 5.1 -0.1
HSPX Global X S&P 500 Covered Call ETF 75.8 65 -50 5.0 -0.2
PBUS Invesco PureBeta MSCI USA ETF 74.0 4 11 5.4 +0.2
SPLG SPDR Portfolio Large Cap ETF 73.9 3 12 5.5 +0.4
IVV iShares Core S&P 500 ETF 73.9 4 11 5.5 +0.3
SPY SPDR S&P 500 ETF Trust 73.9 9 6 5.5 +0.3
VV Vanguard Large-Cap Index Fund 73.5 4 11 5.4 +0.2
VOO VANGUARD S&P 500 ETF 73.4 3 12 5.5 +0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 73.2 2 13 5.4 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 72.8 27 -12 5.4 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 72.8 20 -5 5.5 +0.4
SCHX Schwab U.S. Large-Cap ETF 72.1 3 12 5.4 +0.2
MGC Vanguard Mega Cap Index Fund 72.0 7 8 5.3 +0.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 71.7 20 -5 5.1 -0.1
IWB iShares Russell 1000 ETF 70.7 15 0 5.3 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 70.5 3 12 5.6 +0.4
SCHK Schwab 1000 Index ETF 70.4 5 10 5.4 +0.2
IWL iShares Russell Top 200 ETF 70.2 15 0 5.2 +0.0
VONE Vanguard Russell 1000 ETF 70.2 8 7 5.4 +0.2
IYY iShares Dow Jones U.S. ETF 69.8 20 -5 5.3 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 69.3 27 -12 5.1 -0.0
SNPE Xtrackers S&P 500 ESG ETF 68.5 11 4 5.2 +0.1
ESGV Vanguard ESG U.S. Stock ETF 68.2 12 3 5.3 +0.1
IQSU IQ Candriam ESG US Equity ETF 67.9 9 6 5.3 +0.1
SCHB Schwab U.S. Broad Market ETF 67.6 3 12 5.4 +0.2
VTI Vanguard Total Stock Market Index Fund 67.5 3 12 5.3 +0.1
IWV iShares Russell 3000 ETF 67.4 20 -5 5.2 -0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 67.4 3 12 5.3 +0.1
VTHR Vanguard Russell 3000 Index Fund 67.0 10 5 5.3 +0.1
CATH Global X S&P 500 Catholic Values Custom ETF 66.7 29 -14 5.3 +0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 66.5 27 -12 5.2 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 64.7 9 6 5.6 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 63.3 12 3 5.1 -0.1
SFY SoFi Select 500 ETF 63.0 0 15 5.4 +0.2
JHML John Hancock Multifactor Large Cap ETF 62.9 34 -19 5.6 +0.4
EPS WisdomTree U.S. Earnings 500 Fund 61.7 8 7 6.5 +1.3
OEF iShares S&P 100 ETF 60.3 20 -5 5.0 -0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 60.1 4 11 4.5 -0.7
IVW iShares S&P 500 Growth ETF 60.1 18 -3 4.3 -0.8
VOOG Vanguard S&P 500 Growth ETF 59.8 10 5 4.4 -0.8
DSI iShares MSCI KLD 400 Social ETF 59.7 25 -10 5.3 +0.1
IUSG iShares Core S&P US Growth ETF 59.2 4 11 4.5 -0.7
SUSL iShares ESG MSCI USA Leaders ETF 58.0 10 5 5.4 +0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 57.9 10 5 5.5 +0.3
AVUS Avantis U.S. Equity ETF 57.7 15 0 5.8 +0.7
QUS SPDR MSCI USA StrategicFactors ETF 57.4 15 0 5.9 +0.7
SPXT ProShares S&P 500 Ex-Technology ETF 57.4 27 -12 5.7 +0.5
ESG FlexShares STOXX US ESG Impact Index Fund 57.1 32 -17 5.2 +0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 56.3 25 -10 6.6 +1.4
IWF iShares Russell 1000 Growth ETF 56.2 19 -4 4.3 -0.8
VONG Vanguard Russell 1000 Growth Index Fund 56.2 8 7 4.4 -0.7
EXT WisdomTree U.S. Total Earnings Fund 56.0 28 -13 5.8 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 55.9 60 -45 4.5 -0.6
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 55.6 25 -10 6.2 +1.0
TOK iShares MSCI Kokusai ETF 55.1 25 -10 5.8 +0.6
IUS Invesco Strategic US ETF 55.1 19 -4 6.2 +1.1
DIVB iShares U.S. Dividend & Buyback ETF 54.4 25 -10 6.5 +1.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 54.3 25 -10 6.6 +1.4
NACP Impact Shares NAACP Minority Empowerment ETF 53.9 75 -60 4.6 -0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 53.8 28 -13 6.4 +1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 53.4 75 -60 4.6 -0.6
KRMA Global X Conscious Companies ETF 53.0 43 -28 5.3 +0.1
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 52.9 29 -14 4.3 -0.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 52.6 15 0 6.4 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 52.4 39 -24 6.8 +1.6
IWY iShares Russell Top 200 Growth ETF 52.2 20 -5 4.3 -0.9
DTD WisdomTree U.S.Total Dividend Fund 52.1 28 -13 6.6 +1.5
RECS Columbia Research Enhanced Core ETF 51.9 15 0 5.7 +0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 51.8 30 -15 6.8 +1.6
SUSA iShares MSCI USA ESG Select ETF 51.3 25 -10 4.8 -0.3
URTH iShares MSCI World ETF 51.2 24 -9 5.9 +0.7
AFLG First Trust Active Factor Large Cap ETF 50.4 55 -40 5.6 +0.4
XLG Invesco S&P 500 Top 50 ETF 49.8 20 -5 4.7 -0.5
VUG Vanguard Growth Index Fund 49.6 4 11 4.2 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 49.5 49 -34 4.2 -1.0
RWL Invesco S&P 500 Revenue ETF 49.4 39 -24 6.8 +1.7
VEGN US Vegan Climate ETF 49.1 60 -45 5.3 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 48.9 4 11 4.3 -0.9
DGRO iShares Core Dividend Growth ETF 48.4 8 7 6.5 +1.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 48.2 42 -27 5.7 +0.5
JQUA JPMorgan U.S. Quality Factor ETF 47.1 12 3 5.3 +0.1
IVE iShares S&P 500 Value ETF 46.5 18 -3 7.2 +2.0
SPYV SPDR Portfolio S&P 500 Value ETF 46.5 4 11 7.3 +2.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 46.3 29 -14 6.2 +1.0
TMFC Motley Fool 100 Index ETF 46.3 50 -35 4.0 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 46.3 20 -5 6.4 +1.2
VOOV Vanguard S&P 500 Value ETF 46.2 15 0 7.2 +2.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 46.2 20 -5 6.5 +1.3
VLU SPDR S&P 1500 Value Tilt ETF 46.0 12 3 7.4 +2.2
FQAL Fidelity Quality Factor ETF 46.0 29 -14 5.5 +0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 45.9 25 -10 6.0 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 45.5 19 -4 5.7 +0.5
ACWI iShares MSCI ACWI ETF 45.5 32 -17 6.1 +0.9
IUSV iShares Core S&P U.S. Value ETF 45.3 4 11 7.4 +2.2
MGK Vanguard Mega Cap Growth ETF 44.8 7 8 4.3 -0.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 44.6 9 6 6.3 +1.1
NULC Nuveen ESG Large-Cap ETF 44.4 20 -5 5.3 +0.1
FDMO Fidelity Momentum Factor ETF 43.8 29 -14 3.9 -1.2
QWLD SPDR MSCI World StrategicFactors ETF 43.3 30 -15 6.1 +0.9
FVAL Fidelity Value Factor ETF 42.4 29 -14 8.1 +3.0

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 USA 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 16.9 %
Divided by: Fwd. P/BV 3.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.53
 
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.