iShares MSCI USA ESG Optimized ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
25.4x P/Sales
ratio
2.6x
P/BV
ratio
3.6x Div.
yield
1.7%


  • 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) $8,371
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 345
Wgt avg mkt cap (mns) $441,604
Large cap (>$10bn) 97.5%
Mid cap ($2-10bn) 2.5%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 6.6 %
MICROSOFT CORP 5.4 %
AMAZON.COM INC 4.5 %
FACEBOOK 2.1 %
ALPHABET INC. CLASS C 1.8 %
ALPHABET INC. CLASS A 1.4 %
JOHNSON & JOHNSON 1.3 %
PROCTER & GAMBLE CO/THE 1.2 %
HOME DEPOT INC 1.1 %
VISA INC-CLASS A SHARES 1.1 %
Total 26.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.0 %
IRELAND 1.9 %
BRITAIN 1.1 %
SWITZERLAND 0.4 %
ARGENTINA 0.2 %
BERMUDA 0.1 %





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.
4.8% 14.4% -- -- 14.2%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 1.01 85%
MSCI Emg. Mkts. 0.72 71%

Technical Indicators
Recent close $76.52
30d moving avg. $73.63
Annualized volatility 17.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 586
Turnover 0.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $207,000

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™: 4.9%


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 83.1 49 -34 4.7 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 82.9 7 8 5.0 +0.1
PBUS Invesco PureBeta MSCI USA ETF 82.6 4 11 5.0 +0.2
HSPX Global X S&P 500 Covered Call ETF 82.4 65 -50 4.6 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 82.4 2 13 5.1 +0.2
SPY SPDR S&P 500 ETF Trust 81.7 9 6 5.1 +0.2
IVV iShares Core S&P 500 ETF 81.6 4 11 5.2 +0.3
SPLG SPDR Portfolio Large Cap ETF 81.6 3 12 5.2 +0.3
VOO VANGUARD S&P 500 ETF 81.5 3 12 5.2 +0.3
VV Vanguard Large-Cap Index Fund 81.2 4 11 5.0 +0.1
SCHX Schwab U.S. Large-Cap ETF 80.9 3 12 5.1 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 80.9 20 -5 5.1 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 80.5 27 -12 5.1 +0.2
SCHK Schwab 1000 Index ETF 78.9 5 10 5.0 +0.2
VONE Vanguard Russell 1000 ETF 78.5 8 7 5.0 +0.1
IWB iShares Russell 1000 ETF 78.3 15 0 4.9 +0.0
SPTM SPDR Portfolio Total Stock Market ETF 78.2 3 12 5.3 +0.4
MGC Vanguard Mega Cap Index Fund 78.2 7 8 5.0 +0.1
IYY iShares Dow Jones U.S. ETF 78.1 20 -5 4.9 +0.1
IWL iShares Russell Top 200 ETF 76.4 15 0 4.7 -0.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 76.3 20 -5 4.7 -0.2
BKLC BNY Mellon US Large Cap Core Equity ETF 75.8 0 15 4.9 +0.1
SCHB Schwab U.S. Broad Market ETF 75.3 3 12 5.0 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 75.0 27 -12 4.7 -0.1
ESGV Vanguard ESG U.S. Stock ETF 75.0 12 3 4.9 +0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 74.9 3 12 4.9 +0.1
IWV iShares Russell 3000 ETF 74.5 20 -5 4.8 -0.1
VTHR Vanguard Russell 3000 Index Fund 74.4 10 5 4.8 -0.0
CATH Global X S&P 500 Catholic Values Custom ETF 73.7 29 -14 5.0 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 73.0 27 -12 4.7 -0.1
VTI Vanguard Total Stock Market Index Fund 73.0 3 12 4.9 0.0
SNPE Xtrackers S&P 500 ESG ETF 71.9 11 4 4.9 0.0
IQSU IQ Candriam ESG US Equity ETF 71.4 9 6 4.9 -0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 71.1 9 6 5.3 +0.4
SFY SoFi Select 500 ETF 70.5 0 15 5.0 +0.1
JHML John Hancock Multifactor Large Cap ETF 69.8 29 -14 5.3 +0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 67.4 12 3 4.5 -0.4
EPS WisdomTree U.S. Earnings 500 Fund 67.4 8 7 6.2 +1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 64.3 4 11 4.2 -0.7
VOOG Vanguard S&P 500 Growth ETF 64.3 10 5 4.1 -0.8
IVW iShares S&P 500 Growth ETF 64.3 18 -3 4.0 -0.9
ESG FlexShares STOXX US ESG Impact Index Fund 64.1 32 -17 4.8 -0.1
IUSG iShares Core S&P US Growth ETF 63.5 4 11 4.2 -0.7
AVUS Avantis U.S. Equity ETF 62.7 15 0 5.4 +0.5
SPXT ProShares S&P 500 Ex-Technology ETF 62.2 27 -12 5.4 +0.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 61.9 60 -45 3.9 -0.9
OEF iShares S&P 100 ETF 61.5 20 -5 4.6 -0.3
TOK iShares MSCI Kokusai ETF 60.9 25 -10 5.3 +0.5
KOKU Xtrackers MSCI Kokusai Equity ETF 60.7 9 6 5.5 +0.6
QUS SPDR MSCI USA StrategicFactors ETF 60.7 15 0 5.6 +0.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 60.6 25 -10 6.1 +1.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 59.5 25 -10 6.2 +1.3
DIVB iShares U.S. Dividend & Buyback ETF 59.0 25 -10 6.3 +1.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 58.1 25 -10 6.1 +1.3
DSI iShares MSCI KLD 400 Social ETF 57.6 25 -10 5.0 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 57.5 39 -24 6.5 +1.6
IWF iShares Russell 1000 Growth ETF 56.9 19 -4 3.6 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 56.9 8 7 3.7 -1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 56.6 28 -13 6.2 +1.3
EXT WisdomTree U.S. Total Earnings Fund 56.6 28 -13 5.0 +0.1
URTH iShares MSCI World ETF 56.5 24 -9 5.5 +0.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 56.3 30 -15 6.2 +1.3
IUS Invesco Strategic US ETF 55.9 19 -4 6.2 +1.4
SUSL iShares ESG MSCI USA Leaders ETF 55.7 10 5 5.1 +0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 55.5 15 0 6.0 +1.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 55.5 10 5 5.1 +0.3
VUG Vanguard Growth Index Fund 55.1 4 11 3.8 -1.1
SCHG Schwab U.S. Large-Cap Growth ETF 55.0 4 11 3.9 -1.0
DTD WisdomTree U.S.Total Dividend Fund 54.6 28 -13 6.4 +1.5
NACP Impact Shares NAACP Minority Empowerment ETF 54.2 75 -60 4.6 -0.3
KRMA Global X Conscious Companies ETF 53.4 43 -28 4.9 +0.1
ESGG FlexShares STOXX Global ESG Impact Index Fund 52.7 42 -27 5.2 +0.3
IWY iShares Russell Top 200 Growth ETF 52.1 20 -5 3.7 -1.2
AFLG First Trust Active Factor Large Cap ETF 51.9 55 -40 5.3 +0.4
XLG Invesco S&P 500 Top 50 ETF 51.8 20 -5 4.3 -0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 51.1 49 -34 3.8 -1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 51.0 29 -14 5.8 +0.9
SUSA iShares MSCI USA ESG Select ETF 51.0 25 -10 4.6 -0.3
RWL Invesco S&P 500 Revenue ETF 50.7 39 -24 6.8 +2.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 50.5 20 -5 5.9 +1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 50.3 20 -5 5.9 +1.0
VLU SPDR S&P 1500 Value Tilt ETF 50.3 12 3 7.0 +2.2
RECS Columbia Research Enhanced Core ETF 50.1 15 0 5.4 +0.5
VEGN US Vegan Climate ETF 49.8 60 -45 5.0 +0.1
ACWI iShares MSCI ACWI ETF 49.6 32 -17 5.7 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 49.3 4 11 7.1 +2.2
IVE iShares S&P 500 Value ETF 49.3 18 -3 7.0 +2.1
VOOV Vanguard S&P 500 Value ETF 49.3 15 0 7.0 +2.2
VONV Vanguard Russell 1000 Value Index Fund 48.8 8 7 6.8 +1.9
IWD iShares Russell 1000 Value ETF 48.8 19 -4 6.7 +1.8
IUSV iShares Core S&P U.S. Value ETF 48.6 4 11 7.2 +2.3
MGK Vanguard Mega Cap Growth ETF 48.5 7 8 3.9 -1.0
DGRO iShares Core Dividend Growth ETF 48.3 8 7 6.4 +1.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 47.8 9 6 5.8 +0.9
WOMN Impact Shares YWCA Women's Empowerment ETF 47.4 75 -60 4.2 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 47.2 9 6 5.7 +0.8
TMFC Motley Fool 100 Index ETF 47.1 50 -35 3.3 -1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 46.7 75 -60 3.9 -0.9
RSP Invesco S&P 500 Equal Weight ETF 46.3 20 -5 6.4 +1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.0 19 -4 5.8 +0.9

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 16.7 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.52
 
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.