iShares MSCI USA Small-Cap ESG Optimized ETF
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
37.3x P/Sales
ratio
1.3x
P/BV
ratio
2.0x Div.
yield
1.7%


  • 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) $361
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 1031
Wgt avg mkt cap (mns) $3,959
Large cap (>$10bn) 4.8%
Mid cap ($2-10bn) 67.4%
Small cap (<$2bn) 27.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
IMMUNOMEDICS INC 0.5 %
POOL CORP 0.5 %
HORIZON PHARMA PLC 0.5 %
ETSY, INC. 0.4 %
HUBSPOT INC 0.4 %
CARVANA CO. CLASS A 0.4 %
GENERAC HOLDINGS INC 0.4 %
ZENDESK INC 0.4 %
TORO CO 0.3 %
QUANTA SERVICES INC 0.3 %
Total 4.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.6 %
BRITAIN 1.0 %
IRELAND 0.7 %
BERMUDA 0.6 %
CAYMAN ISLANDS 0.3 %
CANADA 0.3 %
SINGAPORE 0.2 %
NETHERLANDS 0.2 %
SWITZERLAND 0.1 %
PUERTO RICO 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.8% 5.6% -- -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.30 93%
MSCI EAFE 1.35 83%
MSCI Emg. Mkts. 0.99 69%

Technical Indicators
Recent close $25.94
30d moving avg. $26.96
Annualized volatility 25.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 80
Turnover 0.6%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $5,850

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™: 5.1%


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 78.1 6 11 5.5 +0.4
VB Vanguard Small-Cap ETF 62.2 5 12 5.6 +0.5
SCHA Schwab U.S. Small-Cap ETF 61.6 4 13 4.8 -0.4
BKSE BNY Mellon US Small Cap Core Equity ETF 58.4 4 13 6.2 +1.1
NUSC Nuveen ESG Small-Cap ETF 47.0 40 -23 5.2 +0.1
VXF Vanguard Extended Market Index Fund 46.4 6 11 3.7 -1.4
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 46.0 7 10 5.6 +0.5
FSMD Fidelity Small-Mid Factor ETF 45.3 29 -12 6.6 +1.5
IWM iShares Russell 2000 ETF 45.3 19 -2 3.7 -1.4
VTWO Vanguard Russell 2000 Index Fund 44.9 10 7 3.8 -1.3
SFYX Sofi Next 500 ETF 44.1 0 17 6.1 +1.0
VBR Vanguard Small Cap Value Index Fund 43.1 7 10 8.6 +3.5
EZM WisdomTree U.S. MidCap Earnings Fund 42.1 38 -21 9.3 +4.2
VBK Vanguard Small-Cap Growth Index Fund 41.6 7 10 2.4 -2.7
FNX First Trust Mid Cap Core AlphaDEX Fund 40.4 61 -44 6.8 +1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 40.4 20 -3 5.3 +0.2
IJH iShares Core S&P Mid-Cap ETF 40.3 5 12 6.7 +1.6
MDY SPDR S&P Midcap 400 ETF Trust 40.3 23 -6 6.5 +1.4
SPMD SPDR Portfolio Mid Cap ETF 40.3 5 12 6.7 +1.6
IVOO Vanguard S&P Mid-Cap 400 ETF 40.3 10 7 6.7 +1.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 39.7 40 -23 7.2 +2.1
IUSS Invesco Strategic US Small Company ETF 39.4 23 -6 5.5 +0.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 39.1 25 -8 7.3 +2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 36.0 39 -22 4.9 -0.2
SCHM Schwab U.S. Mid-Cap ETF 35.6 4 13 6.3 +1.2
SMDY Syntax Stratified MidCap ETF 34.1 30 -13 6.5 +1.4
JHSC John Hancock Multifactor Small Cap ETF 32.8 42 -25 6.1 +1.0
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 32.5 24 -7 6.8 +1.7
SMMD iShares Russell 2500 ETF 32.4 15 2 6.1 +1.0
RNMC Mid Cap US Equity Select ETF 31.8 60 -43 8.1 +3.0
FAD First Trust Multi Cap Growth AlphaDEX Fund 30.9 66 -49 2.5 -2.6
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 30.0 29 -12 5.6 +0.5
IWO iShares Russell 2000 Growth ETF 29.5 24 -7 0.0 -5.1
RWK Invesco S&P MidCap 400 Revenue ETF 29.5 39 -22 8.1 +3.0
VTWG Vanguard Russell 2000 Growth Index Fund 29.0 15 2 0.1 -5.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 28.5 20 -3 9.9 +4.8
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 28.5 15 2 5.1 +0.0
MDYG SPDR S&P 400 Mid Cap Growth ETF 28.4 15 2 5.1 +0.0
IJK iShares S&P Mid-Cap 400 Growth ETF 28.4 24 -7 5.0 -0.1
FNY First Trust Mid Cap Growth AlphaDEX Fund 28.0 70 -53 2.2 -2.9
TUSA First Trust Total US Market AlphaDEX ETF 27.2 70 -53 6.2 +1.1
IWN iShares Russell 2000 Value ETF 26.6 24 -7 7.5 +2.4
EQAL Invesco Russell 1000 Equal Weight ETF 25.7 20 -3 5.8 +0.7
IJJ iShares S&P Mid-Cap 400 Value ETF 25.7 25 -8 8.7 +3.6
MDYV SPDR S&P 400 Mid Cap Value ETF 25.7 15 2 8.8 +3.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 25.7 15 2 8.9 +3.8
AFMC First Trust Active Factor Mid Cap ETF 25.0 65 -48 6.6 +1.5
VTWV Vanguard Russell 2000 Value Index Fund 24.9 15 2 7.5 +2.4
VFQY Vanguard U.S. Quality Factor ETF 24.0 13 4 6.6 +1.5
JHMM John Hancock Multifactor Mid Cap ETF 24.0 42 -25 5.8 +0.7
VFMO Vanguard U.S. Momentum Factor ETF 23.7 13 4 0.9 -4.2
DON WisdomTree U.S. MidCap Dividend Fund 23.4 38 -21 7.9 +2.8
JKK iShares Morningstar Small-Cap Growth ETF 23.2 30 -13 1.3 -3.8
VFLQ Vanguard U.S. Liquidity Factor ETF 23.2 14 3 4.4 -0.7
FYX First Trust Small Cap Core AlphaDEX Fund 23.0 63 -46 6.7 +1.6
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 22.1 29 -12 7.0 +1.9
AFSM First Trust Active Factor Small Cap ETF 21.2 75 -58 5.7 +0.6
FAB First Trust Multi Cap Value AlphaDEX Fund 20.9 71 -54 10.3 +5.2
VFMF Vanguard U.S. Multifactor ETF 20.4 19 -2 7.7 +2.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 20.4 20 -3 4.8 -0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 20.3 25 -8 6.9 +1.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 20.3 29 -12 9.8 +4.7
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 20.2 29 -12 0.2 -5.0
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 19.7 30 -13 7.9 +2.8
VIOO Vanguard S&P Small-Cap 600 ETF 19.6 10 7 7.4 +2.3
SPSM SPDR Portfolio Small Cap ETF 19.6 5 12 7.5 +2.4
IJR iShares Core S&P Small Cap ETF 19.6 6 11 7.5 +2.4
SLY SPDR S&P 600 Small Cap ETF 19.6 15 2 7.4 +2.3
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 19.5 40 -23 7.4 +2.3
VFVA Vanguard U.S. Value Factor ETF 19.5 14 3 11.5 +6.4
IWR iShares Russell Midcap ETF 19.3 19 -2 5.7 +0.6
JKJ iShares Morningstar Small-Cap ETF 19.0 25 -8 6.8 +1.7
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 18.3 48 -31 5.7 +0.6
IWS iShares Russell Mid-Cap Value ETF 18.2 24 -7 7.2 +2.1
JKL iShares Morningstar Small Cap Value ETF 18.0 30 -13 10.6 +5.5
ONEO SPDR Russell 1000 Momentum Focus ETF 17.9 20 -3 6.6 +1.5
IWP iShares Russell Mid-Cap Growth ETF 17.9 24 -7 3.0 -2.1
ISMD Inspire Small/Mid Cap Impact ETF 17.6 60 -43 6.4 +1.3
SSLY Syntax Stratified SmallCap ETF 17.6 30 -13 6.9 +1.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 17.4 24 -7 6.3 +1.2
CSML IQ Chaikin U.S. Small Cap ETF 17.3 35 -18 4.2 -0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 17.2 35 -18 8.7 +3.6
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 17.2 35 -18 8.8 +3.7
FNK First Trust Mid Cap Value AlphaDEX Fund 16.9 70 -53 11.6 +6.5
TPSC Timothy Plan US Small Cap Core ETF 16.7 52 -35 8.6 +3.5
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 16.6 29 -12 6.3 +1.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 15.8 39 -22 7.5 +2.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 15.7 20 -3 7.1 +2.0
AVUV Avantis U.S. Small Cap Value ETF 15.4 25 -8 8.8 +3.7
PSC Principal U.S. Small Cap Index ETF 15.4 38 -21 7.3 +2.2
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 15.3 12 5 7.9 +2.8
DES WisdomTree U.S. SmallCap Dividend Fund 15.1 38 -21 9.0 +3.9
EES WisdomTree SmallCap Earnings Fund 14.9 38 -21 10.9 +5.8
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.7 30 -13 6.0 +0.9
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 14.7 35 -18 6.3 +1.2
VCR Vanguard Consumer Discretionary Index Fund 14.3 10 7 3.9 -1.2
BFOR Barron's 400 ETF 14.3 65 -48 6.5 +1.4
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 14.1 17 0 6.5 +1.4
SLYG SPDR S&P 600 Small Cap Growth ETF 14.0 15 2 5.6 +0.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 14.0 16 1 5.6 +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 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 9.8 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 17 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 CATEGORY
AVERAGE
1.51
 
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.