iShares MSCI USA Small-Cap ESG Optimized ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
41.1x P/Sales
ratio
1.5x
P/BV
ratio
2.3x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI USA Small-Cap ESG Optimized ETF tracks an index of small-cap companies with high environmental, social, and governance (ESG) factor scores as determined by MSCI.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 10, 2018
Assets (mns) $436
Currency USD
Expense ratio 17 bp
Distributions Quarterly

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 1020
Wgt avg mkt cap (mns) $4,278
Large cap (>$10bn) 6.2%
Mid cap ($2-10bn) 67.7%
Small cap (<$2bn) 25.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
POOL CORP 0.5 %
HUBSPOT INC 0.5 %
ETSY, INC. 0.4 %
GENERAC HOLDINGS INC 0.4 %
ZENDESK INC 0.4 %
CARVANA CO. CLASS A 0.4 %
QUANTA SERVICES INC 0.4 %
HORIZON PHARMA PLC 0.3 %
BRIGHT HORIZONS FAMILY SOLUT 0.3 %
ENTEGRIS INC 0.3 %
Total 4.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
BRITAIN 1.1 %
BERMUDA 0.6 %
IRELAND 0.6 %
CANADA 0.3 %
CAYMAN ISLANDS 0.3 %
SINGAPORE 0.2 %
SWITZERLAND 0.1 %
NETHERLANDS 0.1 %
PUERTO RICO 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.0% 1.4% -- -- 3.8%

Market Correlations
versus... Beta R-squared
S&P500 1.25 89%
MSCI EAFE 1.31 80%
MSCI Emg. Mkts. 0.99 70%

Technical Indicators
Recent close $31.24
30d moving avg. $29.14
Annualized volatility 25.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 145
Turnover 1.0%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $34,585

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: ESML Expense: 17 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESML
Ticker Fund
Name
Overlap1
vs ESML
(%)
Expense
ratio
(bp)
Savings
vs ESML
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESML
(%)
PBSM Invesco PureBeta MSCI USA Small Cap ETF 78.6 6 11 4.6 +0.2
SCHA Schwab U.S. Small-Cap ETF 63.3 4 13 4.3 -0.2
VB Vanguard Small-Cap ETF 61.0 5 12 5.0 +0.5
BKSE BNY Mellon US Small Cap Core Equity ETF 58.5 4 13 5.2 +0.8
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 52.0 7 10 4.7 +0.3
NUSC Nuveen ESG Small-Cap ETF 47.8 40 -23 4.4 -0.0
IWM iShares Russell 2000 ETF 46.2 19 -2 3.0 -1.4
VTWO Vanguard Russell 2000 Index Fund 46.1 10 7 3.1 -1.3
VBR Vanguard Small Cap Value Index Fund 45.3 7 10 7.4 +2.9
FSMD Fidelity Small-Mid Factor ETF 45.0 29 -12 5.8 +1.4
VXF Vanguard Extended Market Index Fund 44.4 6 11 3.0 -1.4
SFYX Sofi Next 500 ETF 44.2 0 17 5.4 +1.0
EZM WisdomTree U.S. MidCap Earnings Fund 43.1 38 -21 7.9 +3.5
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 41.6 20 -3 4.3 -0.1
SCHM Schwab U.S. Mid-Cap ETF 41.4 4 13 5.5 +1.1
SPMD SPDR Portfolio Mid Cap ETF 41.2 5 12 6.0 +1.6
MDY SPDR S&P Midcap 400 ETF Trust 41.2 23 -6 5.8 +1.4
IJH iShares Core S&P Mid-Cap ETF 41.2 5 12 6.0 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 40.9 10 7 5.9 +1.5
VBK Vanguard Small-Cap Growth Index Fund 40.9 7 10 2.0 -2.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 40.9 40 -23 6.4 +2.0
FNDA Schwab Fundamental U.S. Small Co. Index ETF 40.4 25 -8 6.5 +2.1
IUSS Invesco Strategic US Small Company ETF 39.0 23 -6 4.6 +0.2
FNX First Trust Mid Cap Core AlphaDEX Fund 38.5 61 -44 5.9 +1.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 35.6 39 -22 4.2 -0.2
SMDY Syntax Stratified MidCap ETF 35.5 30 -13 6.0 +1.6
FAD First Trust Multi Cap Growth AlphaDEX Fund 33.1 66 -49 2.0 -2.4
SMMD iShares Russell 2500 ETF 32.3 15 2 5.3 +0.9
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 32.1 24 -7 6.1 +1.6
RWK Invesco S&P MidCap 400 Revenue ETF 30.9 39 -22 7.1 +2.7
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 30.0 29 -12 4.6 +0.2
RNMC Mid Cap US Equity Select ETF 29.5 60 -43 6.5 +2.1
IWO iShares Russell 2000 Growth ETF 29.2 24 -7 -0.1 -4.5
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 29.0 20 -3 8.1 +3.7
VTWG Vanguard Russell 2000 Growth Index Fund 28.8 15 2 -0.0 -4.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 28.5 15 2 4.7 +0.3
IJK iShares S&P Mid-Cap 400 Growth ETF 28.4 24 -7 4.6 +0.2
JHSC John Hancock Multifactor Small Cap ETF 28.4 42 -25 5.1 +0.7
IWN iShares Russell 2000 Value ETF 28.0 24 -7 6.0 +1.5
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 28.0 15 2 4.7 +0.3
TUSA First Trust Total US Market AlphaDEX ETF 27.9 70 -53 5.5 +1.1
STSB iShares Factors US Small Blend Style ETF 27.5 35 -18 3.1 -1.4
MDYV SPDR S&P 400 Mid Cap Value ETF 27.0 15 2 7.5 +3.1
IJJ iShares S&P Mid-Cap 400 Value ETF 27.0 25 -8 7.4 +3.0
VTWV Vanguard Russell 2000 Value Index Fund 26.7 15 2 6.1 +1.7
JHMM John Hancock Multifactor Mid Cap ETF 26.6 42 -25 5.1 +0.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 26.6 15 2 7.6 +3.2
FNY First Trust Mid Cap Growth AlphaDEX Fund 26.4 70 -53 1.8 -2.6
VFQY Vanguard U.S. Quality Factor ETF 25.4 13 4 6.0 +1.6
VFMO Vanguard U.S. Momentum Factor ETF 25.0 13 4 0.3 -4.1
AFMC First Trust Active Factor Mid Cap ETF 24.8 65 -48 5.9 +1.5
EQAL Invesco Russell 1000 Equal Weight ETF 24.6 20 -3 5.4 +1.0
VFLQ Vanguard U.S. Liquidity Factor ETF 24.4 14 3 3.8 -0.6
DON WisdomTree U.S. MidCap Dividend Fund 23.9 38 -21 7.0 +2.6
FYX First Trust Small Cap Core AlphaDEX Fund 23.2 63 -46 6.7 +2.3
JKK iShares Morningstar Small-Cap Growth ETF 22.9 30 -13 1.0 -3.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.4 29 -12 6.3 +1.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 22.2 25 -8 5.8 +1.4
AFSM First Trust Active Factor Small Cap ETF 22.1 75 -58 5.2 +0.8
VFMF Vanguard U.S. Multifactor ETF 22.1 19 -2 6.7 +2.3
FAB First Trust Multi Cap Value AlphaDEX Fund 21.8 71 -54 8.6 +4.2
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 21.1 29 -12 -0.4 -4.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 21.1 29 -12 8.2 +3.8
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 20.5 40 -23 6.4 +2.0
IJR iShares Core S&P Small Cap ETF 20.5 6 11 6.5 +2.1
SPSM SPDR Portfolio Small Cap ETF 20.5 5 12 6.6 +2.2
SLY SPDR S&P 600 Small Cap ETF 20.5 15 2 6.5 +2.0
VIOO Vanguard S&P Small-Cap 600 ETF 20.4 10 7 6.3 +1.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 20.1 35 -18 7.0 +2.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 20.0 35 -18 7.2 +2.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 19.9 30 -13 7.0 +2.6
VFVA Vanguard U.S. Value Factor ETF 19.8 14 3 9.8 +5.4
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 19.7 20 -3 4.5 +0.0
TPSC Timothy Plan US Small Cap Core ETF 19.5 52 -35 6.7 +2.3
IWR iShares Russell Midcap ETF 19.4 19 -2 5.1 +0.7
JKJ iShares Morningstar Small-Cap ETF 19.4 25 -8 5.8 +1.4
JKL iShares Morningstar Small Cap Value ETF 19.1 30 -13 8.7 +4.3
PSC Principal U.S. Small Cap Index ETF 18.9 38 -21 5.5 +1.1
IWS iShares Russell Mid-Cap Value ETF 18.8 24 -7 6.4 +2.0
SSLY Syntax Stratified SmallCap ETF 18.3 30 -13 5.9 +1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 18.3 20 -3 6.0 +1.6
CSML IQ Chaikin U.S. Small Cap ETF 17.7 35 -18 3.6 -0.8
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 17.7 29 -12 5.6 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.5 24 -7 5.7 +1.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 17.2 39 -22 6.1 +1.7
IWP iShares Russell Mid-Cap Growth ETF 17.2 24 -7 2.9 -1.6
AVUV Avantis U.S. Small Cap Value ETF 17.0 25 -8 7.2 +2.8
RNSC Small Cap US Equity Select ETF 17.0 60 -43 7.1 +2.7
FNK First Trust Mid Cap Value AlphaDEX Fund 16.8 70 -53 9.0 +4.6
BFOR Barron's 400 ETF 16.2 65 -48 6.2 +1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 16.0 20 -3 6.5 +2.1
STMB iShares Factors US Mid Blend Style ETF 15.7 30 -13 5.3 +0.9
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 15.6 12 5 6.8 +2.4
AVUS Avantis U.S. Equity ETF 15.6 15 2 5.2 +0.8
DES WisdomTree U.S. SmallCap Dividend Fund 15.5 38 -21 7.7 +3.3
EES WisdomTree SmallCap Earnings Fund 15.2 38 -21 9.3 +4.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.9 35 -18 5.5 +1.1
VCR Vanguard Consumer Discretionary Index Fund 14.5 10 7 3.7 -0.7
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.4 30 -13 5.3 +0.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.4 17 0 6.0 +1.6

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Small-Cap ESG Optimized ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.50
 
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.