iShares MSCI USA Equal Weighted ETF
ALTAR
Score™
8.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.9x P/Sales
ratio
1.2x
P/BV
ratio
1.8x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI USA Equal Weighted ETF seeks to track the investment results of an index composed of equal weighted U.S. equities.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date May 07, 2010
Assets (mns) $233
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 636
Wgt avg mkt cap (mns) $42,961
Large cap (>$10bn) 71.4%
Mid cap ($2-10bn) 28.3%
Small cap (<$2bn) 0.3%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
REGENERON PHARMACEUTICALS 0.3 %
CITRIX SYSTEMS INC 0.3 %
CABOT OIL & GAS CORP 0.3 %
GILEAD SCIENCES INC 0.2 %
DOMINO'S PIZZA INC 0.2 %
CLOROX COMPANY 0.2 %
TAKE-TWO INTERACTIVE SOFTWRE 0.2 %
DIGITAL REALTY TRUST INC 0.2 %
DOCUSIGN, INC. 0.2 %
JM SMUCKER CO/THE 0.2 %
Total 2.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.6 %
IRELAND 2.0 %
BRITAIN 1.6 %
BERMUDA 0.8 %
SWITZERLAND 0.5 %
CANADA 0.2 %
ARGENTINA 0.2 %
SINGAPORE 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-26.6% -17.1% 2.8% -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.17 95%
MSCI EAFE 1.11 83%
MSCI Emg. Mkts. 0.83 68%

Technical Indicators
Recent close $44.35
30d moving avg. $52.06
Annualized volatility 18.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 4.3%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 108
Turnover 2.1%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $345,118

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EUSA Expense: 15 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EUSA
Ticker Fund
Name
Overlap1
vs EUSA
(%)
Expense
ratio
(bp)
Savings
vs EUSA
(bp)
ALTAR
Score™
(%)
ALTAR
vs EUSA
(%)
SIZE iShares Edge MSCI USA Size Factor ETF 94.1 15 0 8.4 -0.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 79.4 9 6 8.2 -0.3
RSP Invesco S&P 500 Equal Weight ETF 77.8 20 -5 8.9 +0.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 69.1 29 -14 9.3 +0.8
CFA Victory CEMP US 500 Volatility Weighted Index ETF 65.3 35 -20 8.2 -0.3
JHML John Hancock Multifactor Large Cap ETF 63.8 34 -19 7.6 -0.9
RNLC Large Cap US Equity Select ETF 58.7 60 -45 8.2 -0.3
RVRS Reverse Cap Weighted U.S. Large Cap ETF 57.3 29 -14 10.6 +2.1
EQAL Invesco Russell 1000 Equal Weight ETF 56.3 20 -5 7.8 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 55.8 17 -2 9.0 +0.5
IWR iShares Russell Midcap ETF 55.8 19 -4 8.1 -0.5
ONEO SPDR Russell 1000 Momentum Focus ETF 55.8 20 -5 9.5 +1.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 54.7 9 6 7.4 -1.1
SCIU Global X Scientific Beta US ETF 54.4 19 -4 7.7 -0.8
FEX First Trust Large Cap Core AlphaDEX Fund 54.1 60 -45 8.2 -0.4
JHMM John Hancock Multifactor Mid Cap ETF 52.3 44 -29 8.4 -0.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.7 30 -15 8.2 -0.4
PBUS Invesco PureBeta MSCI USA ETF 49.8 4 11 7.4 -1.2
AVUS Avantis U.S. Equity ETF 49.3 15 0 8.1 -0.4
SCHX Schwab U.S. Large-Cap ETF 49.3 3 12 7.2 -1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.9 2 13 7.2 -1.3
VV Vanguard Large-Cap Index Fund 48.6 4 11 7.1 -1.4
SCHK Schwab 1000 Index ETF 48.5 5 10 7.2 -1.4
IWB iShares Russell 1000 ETF 48.4 15 0 7.1 -1.5
IYY iShares Dow Jones U.S. ETF 48.3 20 -5 7.1 -1.5
VONE Vanguard Russell 1000 ETF 48.3 8 7 7.2 -1.4
PBP Invesco S&P 500 BuyWrite ETF 48.2 49 -34 6.7 -1.9
HSPX Global X S&P 500 Covered Call ETF 48.0 65 -50 6.4 -2.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 47.8 35 -20 7.7 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 47.8 19 -4 8.5 -0.1
SCHB Schwab U.S. Broad Market ETF 47.2 3 12 7.2 -1.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 47.1 3 12 7.1 -1.4
VTI Vanguard Total Stock Market Index Fund 47.1 3 12 7.1 -1.4
IWV iShares Russell 3000 ETF 46.8 20 -5 7.0 -1.6
VTHR Vanguard Russell 3000 Index Fund 46.7 10 5 7.1 -1.5
PRF Invesco FTSE RAFI US 1000 ETF 46.7 39 -24 9.4 +0.8
SPY SPDR S&P 500 ETF Trust 46.5 9 6 7.2 -1.3
SPLG SPDR Portfolio Large Cap ETF 46.5 3 12 7.3 -1.3
IVV iShares Core S&P 500 ETF 46.5 4 11 7.3 -1.3
VO Vanguard Mid-Cap Index Fund 46.4 4 11 7.7 -0.8
VOO VANGUARD S&P 500 ETF 46.2 3 12 7.3 -1.3
QUS SPDR MSCI USA StrategicFactors ETF 45.8 15 0 7.4 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 45.7 3 12 7.4 -1.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.6 20 -5 7.2 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 45.5 27 -12 7.1 -1.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 45.3 17 -2 9.1 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 45.3 25 -10 8.5 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 44.9 27 -12 7.5 -1.1
SFY SoFi Select 500 ETF 44.7 0 15 6.8 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 44.6 25 -10 8.6 +0.0
VLU SPDR S&P 1500 Value Tilt ETF 44.5 12 3 9.8 +1.2
CATH Global X S&P 500 Catholic Values Custom ETF 44.4 29 -14 7.1 -1.4
EPS WisdomTree U.S. Earnings 500 Fund 44.1 8 7 8.6 +0.1
RWL Invesco S&P 500 Revenue ETF 43.3 39 -24 9.3 +0.8
VONV Vanguard Russell 1000 Value Index Fund 43.1 8 7 9.5 +0.9
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 43.0 25 -10 8.8 +0.2
IWD iShares Russell 1000 Value ETF 42.8 19 -4 9.4 +0.8
ESGV Vanguard ESG U.S. Stock ETF 42.7 12 3 7.1 -1.4
IUSV iShares Core S&P U.S. Value ETF 42.7 4 11 9.6 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 42.6 4 11 9.4 +0.9
IVE iShares S&P 500 Value ETF 42.6 18 -3 9.3 +0.8
VOOV Vanguard S&P 500 Value ETF 42.4 15 0 9.4 +0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 42.3 27 -12 6.9 -1.6
ESGU iShares MSCI USA ESG Optimized ETF 41.5 15 0 6.8 -1.7
IWS iShares Russell Mid-Cap Value ETF 41.4 24 -9 10.1 +1.5
TOK iShares MSCI Kokusai ETF 41.1 25 -10 7.5 -1.1
IUS Invesco Strategic US ETF 40.9 19 -4 8.1 -0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 40.8 29 -14 8.4 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 40.7 27 -12 6.8 -1.8
RBUS Nationwide Risk-Based U.S. Equity ETF 40.6 30 -15 7.3 -1.2
TUSA First Trust Total US Market AlphaDEX ETF 40.5 70 -55 9.5 +0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.0 12 3 6.9 -1.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 39.2 75 -60 5.1 -3.5
DTD WisdomTree U.S.Total Dividend Fund 39.1 28 -13 8.7 +0.1
URTH iShares MSCI World ETF 38.6 24 -9 7.7 -0.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 38.5 20 -5 6.8 -1.8
SCHV Schwab U.S. Large-Cap Value ETF 38.4 4 11 9.2 +0.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 38.0 20 -5 9.6 +1.0
DIVB iShares U.S. Dividend & Buyback ETF 37.6 25 -10 8.9 +0.3
MXDU Nationwide Maximum Diversification US Core Equity ETF 37.4 34 -19 6.9 -1.6
BFOR Barron's 400 ETF 37.3 66 -51 9.3 +0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 37.3 24 -9 8.5 -0.1
EXT WisdomTree U.S. Total Earnings Fund 37.1 28 -13 7.8 -0.8
TPLC Timothy Plan US Large Cap Core ETF 37.0 52 -37 7.4 -1.1
IQSU IQ Candriam ESG US Equity ETF 36.9 9 6 6.9 -1.7
ROUS Hartford Multifactor US Equity ETF 36.6 19 -4 9.4 +0.8
AFLG First Trust Active Factor Large Cap ETF 36.4 55 -40 7.8 -0.7
VTV Vanguard Value Index Fund 36.1 4 11 9.4 +0.8
MGC Vanguard Mega Cap Index Fund 35.8 7 8 7.0 -1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 35.6 28 -13 8.3 -0.3
SNPE Xtrackers S&P 500 ESG ETF 35.5 11 4 7.0 -1.6
SUSL iShares ESG MSCI USA Leaders ETF 35.5 10 5 7.1 -1.4
ACWI iShares MSCI ACWI ETF 35.4 32 -17 8.0 -0.6
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 35.3 10 5 7.1 -1.4
DSI iShares MSCI KLD 400 Social ETF 35.2 25 -10 6.9 -1.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 35.1 60 -45 9.2 +0.6
QWLD SPDR MSCI World StrategicFactors ETF 33.8 30 -15 7.6 -0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 33.8 20 -5 8.3 -0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 33.6 20 -5 8.3 -0.3
VEGN US Vegan Climate ETF 33.0 60 -45 7.2 -1.3

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 Equal Weighted 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 14.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.