iShares MSCI USA ESG Optimized ETF
ALTAR
Score™
4.4% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.1x P/Sales
ratio
3.0x
P/BV
ratio
4.2x Div.
yield
1.4%


  • 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) $13,367
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 342
Wgt avg mkt cap (mns) $485,346
Large cap (>$10bn) 98.0%
Mid cap ($2-10bn) 1.9%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.3%

TOP TEN HOLDINGS
APPLE INC 6.8 %
MICROSOFT CORP 4.9 %
AMAZON.COM INC 4.0 %
ALPHABET INC. CLASS A 2.2 %
FACEBOOK 1.9 %
TESLA MOTORS INC 1.9 %
ALPHABET INC. CLASS C 1.2 %
JOHNSON & JOHNSON 1.2 %
NVIDIA CORP 1.1 %
HOME DEPOT INC 1.0 %
Total 26.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 1.9 %
BRITAIN 1.0 %
SWITZERLAND 0.4 %
ARGENTINA 0.3 %
BERMUDA 0.1 %
NETHERLANDS 0.1 %
CANADA 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.5% 22.5% -- -- 17.1%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 0.94 85%
MSCI Emg. Mkts. 0.75 70%

Technical Indicators
Recent close $88.61
30d moving avg. $86.29
Annualized volatility 19.1%
Short interest (ETF) 0.3%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 857
Turnover 0.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $235,284

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.4%


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
(%)
ESGV Vanguard ESG U.S. Stock ETF 81.2 12 3 4.5 +0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 80.9 7 8 4.5 +0.1
PBUS Invesco PureBeta MSCI USA ETF 80.8 4 11 4.6 +0.2
PBP Invesco S&P 500 BuyWrite ETF 80.8 49 -34 4.3 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 80.5 2 13 4.6 +0.2
XYLG Global X S&P 500 Covered Call & Growth ETF 80.3 60 -45 4.4 -0.0
VV Vanguard Large-Cap Index Fund 79.8 4 11 4.6 +0.2
SPLG SPDR Portfolio Large Cap ETF 79.8 3 12 4.7 +0.3
SPY SPDR S&P 500 ETF Trust 79.8 9 6 4.7 +0.3
IVV iShares Core S&P 500 ETF 79.7 3 12 4.7 +0.3
VOO VANGUARD S&P 500 ETF 78.9 3 12 4.8 +0.4
SCHX Schwab U.S. Large-Cap ETF 78.5 3 12 4.6 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 78.3 27 -12 4.6 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 77.7 20 -5 4.8 +0.4
SCHK Schwab 1000 Index ETF 76.8 5 10 4.6 +0.2
MGC Vanguard Mega Cap Index Fund 76.5 7 8 4.6 +0.2
IWB iShares Russell 1000 ETF 76.3 15 0 4.5 +0.1
XVV iShares ESG Screened S&P 500 ETF 76.1 8 7 4.9 +0.5
IYY iShares Dow Jones U.S. ETF 76.1 20 -5 4.4 +0.0
SPTM SPDR Portfolio Total Stock Market ETF 75.7 3 12 4.8 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 75.7 20 -5 4.6 +0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 75.2 0 15 4.4 +0.0
IWL iShares Russell Top 200 ETF 74.7 15 0 4.4 -0.0
VTHR Vanguard Russell 3000 Index Fund 74.3 10 5 4.4 -0.0
SPXN ProShares S&P 500 Ex-Financials ETF 72.9 27 -12 4.3 -0.1
SCHB Schwab U.S. Broad Market ETF 72.2 3 12 4.5 +0.1
JCTR JPMorgan Carbon Transition U.S. Equity ETF 72.1 15 0 4.7 +0.3
IWV iShares Russell 3000 ETF 72.0 20 -5 4.3 -0.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 71.8 3 12 4.4 -0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 71.6 27 -12 4.3 -0.1
VONE Vanguard Russell 1000 ETF 70.8 8 7 4.6 +0.2
CATH Global X S&P 500 Catholic Values Custom ETF 70.7 29 -14 4.6 +0.2
IQSU IQ Candriam ESG US Equity ETF 70.6 9 6 4.5 +0.1
VTI Vanguard Total Stock Market Index Fund 70.3 3 12 4.4 +0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 69.1 9 6 4.8 +0.4
SFY SoFi Select 500 ETF 69.0 0 15 4.6 +0.2
SNPE Xtrackers S&P 500 ESG ETF 68.9 10 5 4.6 +0.2
EFIV SPDR S&P 500 ESG ETF 68.9 10 5 4.6 +0.2
JHML John Hancock Multifactor Large Cap ETF 68.6 29 -14 4.9 +0.5
DFAU Dimensional US Core Equity Market ETF 68.4 12 3 4.7 +0.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 64.7 12 3 4.0 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 63.0 60 -45 3.6 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 62.7 32 -17 4.5 +0.1
EPS WisdomTree U.S. Earnings 500 Fund 62.0 8 7 5.9 +1.5
SUSA iShares MSCI USA ESG Select ETF 61.6 25 -10 4.2 -0.2
OEF iShares S&P 100 ETF 61.3 20 -5 4.2 -0.2
VOOG Vanguard S&P 500 Growth ETF 60.8 10 5 3.9 -0.6
SPXT ProShares S&P 500 Ex-Technology ETF 60.6 27 -12 4.9 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 60.1 4 11 3.6 -0.8
IVW iShares S&P 500 Growth ETF 60.1 18 -3 3.5 -0.9
KOKU Xtrackers MSCI Kokusai Equity ETF 60.0 9 6 5.0 +0.6
TOK iShares MSCI Kokusai ETF 59.9 25 -10 4.9 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 59.8 15 0 5.3 +0.9
IUSG iShares Core S&P US Growth ETF 59.4 4 11 3.6 -0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 59.2 30 -15 5.3 +0.9
AVUS Avantis U.S. Equity ETF 59.0 15 0 4.8 +0.4
DSI iShares MSCI KLD 400 Social ETF 58.4 25 -10 4.6 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 58.0 25 -10 5.9 +1.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 56.7 25 -10 4.9 +0.5
RESP WisdomTree US ESG Fund of Benef Interest 56.7 28 -13 5.0 +0.6
IWF iShares Russell 1000 Growth ETF 56.6 19 -4 3.4 -1.0
VONG Vanguard Russell 1000 Growth Index Fund 56.2 8 7 3.5 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 56.1 15 0 0.0 -4.4
SUSL iShares ESG MSCI USA Leaders ETF 55.6 10 5 4.8 +0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 55.6 10 5 4.8 +0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 55.5 25 -10 5.7 +1.3
URTH iShares MSCI World ETF 55.4 24 -9 5.0 +0.6
PRF Invesco FTSE RAFI US 1000 ETF 55.1 39 -24 5.7 +1.3
KRMA Global X Conscious Companies ETF 54.7 43 -28 4.8 +0.4
VOOV Vanguard S&P 500 Value ETF 54.7 10 5 6.6 +2.2
IUS Invesco Strategic US ETF 53.8 19 -4 5.5 +1.1
VUG Vanguard Growth Index Fund 53.5 4 11 3.5 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 52.9 25 -10 5.7 +1.3
HIPR Direxion High Growth ETF 52.3 40 -25 3.8 -0.6
NACP Impact Shares NAACP Minority Empowerment ETF 52.0 49 -34 4.7 +0.3
IVE iShares S&P 500 Value ETF 51.9 18 -3 6.3 +1.9
SPYV SPDR Portfolio S&P 500 Value ETF 51.9 4 11 6.5 +2.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 51.7 30 -15 5.1 +0.7
IWY iShares Russell Top 200 Growth ETF 51.6 20 -5 3.5 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 50.8 28 -13 6.1 +1.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 50.7 49 -34 3.4 -1.0
IUSV iShares Core S&P U.S. Value ETF 50.6 4 11 6.5 +2.1
WOMN Impact Shares YWCA Women's Empowerment ETF 50.6 75 -60 3.5 -0.9
AFLG First Trust Active Factor Large Cap ETF 50.5 55 -40 4.7 +0.3
RWL Invesco S&P 500 Revenue ETF 50.4 39 -24 6.3 +1.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 49.6 42 -27 4.6 +0.2
XLG Invesco S&P 500 Top 50 ETF 49.5 20 -5 4.0 -0.4
SCHV Schwab U.S. Large-Cap Value ETF 49.2 4 11 6.1 +1.7
DTD WisdomTree U.S.Total Dividend Fund 48.9 28 -13 6.2 +1.8
VONV Vanguard Russell 1000 Value Index Fund 48.6 8 7 6.2 +1.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 48.4 20 -5 5.3 +0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 48.2 20 -5 5.3 +0.9
RECS Columbia Research Enhanced Core ETF 48.1 15 0 5.1 +0.7
ACWI iShares MSCI ACWI ETF 47.8 32 -17 5.1 +0.7
VLU SPDR S&P 1500 Value Tilt ETF 47.8 12 3 6.2 +1.8
IWD iShares Russell 1000 Value ETF 47.8 19 -4 6.1 +1.7
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 47.1 9 6 5.0 +0.6
MGK Vanguard Mega Cap Growth ETF 46.9 7 8 3.6 -0.8

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 17.1 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.49
 
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.