iShares MSCI USA Equal Weighted ETF
ALTAR
Score™
5.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.2x P/Sales
ratio
2.1x
P/BV
ratio
3.0x Div.
yield
1.6%


  • 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 05, 2010
Assets (mns) $294
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 620
Wgt avg mkt cap (mns) $60,234
Large cap (>$10bn) 88.2%
Mid cap ($2-10bn) 10.6%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
CONOCOPHILLIPS 0.3 %
ROKU, INC. CLASS A 0.3 %
TESLA MOTORS INC 0.3 %
ENPHASE ENERGY INC 0.3 %
ETSY, INC. 0.3 %
OCCIDENTAL PETROLEUM CORP 0.2 %
CROWDSTRIKE HOLDINGS, INC. CLASS A 0.2 %
ZSCALER, INC. 0.2 %
SLACK TECHNOLOGIES, INC. CLASS A 0.2 %
CHEWY, INC. CLASS A 0.2 %
Total 2.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.3 %
IRELAND 1.9 %
BRITAIN 1.8 %
BERMUDA 0.8 %
SWITZERLAND 0.5 %
ARGENTINA 0.2 %
NETHERLANDS 0.2 %
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.
15.0% 15.0% 13.3% 12.4% 14.1%

Market Correlations
versus... Beta R-squared
S&P500 1.14 95%
MSCI EAFE 1.10 87%
MSCI Emg. Mkts. 0.89 73%

Technical Indicators
Recent close $74.46
30d moving avg. $72.61
Annualized volatility 22.0%
Short interest (ETF) 0.3%
Short interest (Underlying) 4.3%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.5%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $295,928

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.1%


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 MSCI USA Size Factor ETF 98.2 15 0 5.1 +0.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 80.2 9 6 5.0 -0.1
RSP Invesco S&P 500 Equal Weight ETF 75.0 20 -5 5.6 +0.5
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 69.4 35 -20 5.1 -0.0
CFA VictoryShares US 500 Volatility Weighted Index ETF 69.3 35 -20 5.0 -0.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 63.1 29 -14 6.0 +0.9
JHML John Hancock Multifactor Large Cap ETF 62.8 29 -14 4.9 -0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 62.5 30 -15 5.2 +0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 60.6 4 11 4.9 -0.2
ONEO SPDR Russell 1000 Momentum Focus ETF 58.3 20 -5 5.6 +0.5
IWR iShares Russell Midcap ETF 57.5 19 -4 4.7 -0.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 57.1 29 -14 7.2 +2.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 56.8 17 -2 5.6 +0.5
FEX First Trust Large Cap Core AlphaDEX Fund 55.1 60 -45 4.7 -0.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 53.3 29 -14 6.1 +1.0
JHMM John Hancock Multifactor Mid Cap ETF 51.9 42 -27 4.7 -0.4
RNLC Large Cap US Equity Select ETF 51.7 60 -45 5.2 +0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 51.5 9 6 4.8 -0.3
EQAL Invesco Russell 1000 Equal Weight ETF 51.5 20 -5 5.0 -0.1
ESGV Vanguard ESG U.S. Stock ETF 51.0 12 3 4.5 -0.6
VO Vanguard Mid-Cap Index Fund 50.3 4 11 4.5 -0.6
PBUS Invesco PureBeta MSCI USA ETF 50.1 4 11 4.6 -0.5
VOOV Vanguard S&P 500 Value ETF 50.1 10 5 6.6 +1.5
SCHX Schwab U.S. Large-Cap ETF 49.1 3 12 4.6 -0.6
VONV Vanguard Russell 1000 Value Index Fund 48.5 8 7 6.1 +1.0
IYY iShares Dow Jones U.S. ETF 48.2 20 -5 4.4 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 48.2 2 13 4.6 -0.5
SCHK Schwab 1000 Index ETF 47.8 5 10 4.6 -0.5
DFAU Dimensional US Core Equity Market ETF 47.7 12 3 4.7 -0.5
IWB iShares Russell 1000 ETF 47.6 15 0 4.5 -0.6
VV Vanguard Large-Cap Index Fund 47.5 4 11 4.6 -0.5
AVUS Avantis U.S. Equity ETF 47.4 15 0 4.8 -0.3
IWD iShares Russell 1000 Value ETF 47.3 19 -4 6.0 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 46.9 7 8 4.5 -0.6
SPYV SPDR Portfolio S&P 500 Value ETF 46.8 4 11 6.4 +1.3
VTHR Vanguard Russell 3000 Index Fund 46.8 10 5 4.4 -0.7
IVE iShares S&P 500 Value ETF 46.8 18 -3 6.3 +1.2
SCHV Schwab U.S. Large-Cap Value ETF 46.7 4 11 6.1 +1.0
SCHB Schwab U.S. Broad Market ETF 46.5 3 12 4.5 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 46.3 3 12 4.4 -0.7
IUSV iShares Core S&P U.S. Value ETF 46.1 4 11 6.4 +1.3
ESGU iShares MSCI USA ESG Optimized ETF 45.9 15 0 4.4 -0.7
IWV iShares Russell 3000 ETF 45.8 20 -5 4.3 -0.8
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 45.7 35 -20 5.1 -0.0
VTI Vanguard Total Stock Market Index Fund 45.6 3 12 4.4 -0.7
PBP Invesco S&P 500 BuyWrite ETF 45.3 49 -34 4.3 -0.8
VONE Vanguard Russell 1000 ETF 45.2 8 7 4.6 -0.6
XYLG Global X S&P 500 Covered Call & Growth ETF 45.1 60 -45 4.4 -0.7
PRF Invesco FTSE RAFI US 1000 ETF 45.1 39 -24 5.8 +0.7
IWS iShares Russell Mid-Cap Value ETF 45.1 24 -9 5.9 +0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 44.9 17 -2 6.1 +1.0
SPLG SPDR Portfolio Large Cap ETF 44.8 3 12 4.7 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.6 25 -10 5.8 +0.7
SPY SPDR S&P 500 ETF Trust 44.6 9 6 4.7 -0.4
IVV iShares Core S&P 500 ETF 44.5 3 12 4.7 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 44.2 15 0 5.3 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 44.2 20 -5 4.8 -0.3
SFY SoFi Select 500 ETF 44.2 0 15 4.6 -0.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 44.0 18 -3 5.6 +0.5
VLU SPDR S&P 1500 Value Tilt ETF 44.0 12 3 6.1 +1.0
VOO VANGUARD S&P 500 ETF 43.9 3 12 4.8 -0.3
TPLC Timothy Plan US Large Cap Core ETF 43.8 52 -37 4.4 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 43.4 3 12 4.8 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 43.4 29 -14 4.6 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 43.4 25 -10 5.7 +0.6
SPXT ProShares S&P 500 Ex-Technology ETF 43.1 27 -12 4.9 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 42.8 27 -12 4.6 -0.5
TUSA First Trust Total US Market AlphaDEX ETF 42.8 70 -55 4.8 -0.4
RWL Invesco S&P 500 Revenue ETF 42.6 39 -24 6.2 +1.1
XVV iShares ESG Screened S&P 500 ETF 41.8 8 7 4.9 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 41.3 8 7 5.9 +0.8
IUS Invesco Strategic US ETF 41.3 19 -4 5.5 +0.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 41.1 30 -15 5.0 -0.1
TOK iShares MSCI Kokusai ETF 41.0 25 -10 4.9 -0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 40.8 9 6 5.0 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 40.6 25 -10 4.9 -0.2
SPXV ProShares S&P 500 Ex-Health Care ETF 40.0 27 -12 4.3 -0.8
VTV Vanguard Value Index Fund 39.4 4 11 6.6 +1.5
MXDU Nationwide Maximum Diversification US Core Equity ETF 39.3 34 -19 4.3 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 39.3 20 -5 4.6 -0.5
IQSU IQ Candriam ESG US Equity ETF 39.3 9 6 4.5 -0.6
USXF iShares ESG Advanced MSCI USA ETF 39.2 10 5 4.5 -0.6
URTH iShares MSCI World ETF 39.1 24 -9 5.0 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 38.5 27 -12 4.4 -0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 38.0 30 -15 4.6 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 37.5 25 -10 5.9 +0.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 36.9 20 -5 6.2 +1.1
ROUS Hartford Multifactor US Equity ETF 36.7 19 -4 5.9 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.9 12 3 4.0 -1.1
AFLG First Trust Active Factor Large Cap ETF 35.4 55 -40 4.7 -0.5
ACWI iShares MSCI ACWI ETF 35.2 32 -17 5.1 -0.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 35.2 24 -9 5.4 +0.3
RESP WisdomTree US ESG Fund of Benef Interest 35.0 28 -13 5.1 -0.0
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 34.7 60 -45 4.6 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 34.6 20 -5 5.3 +0.2
DSI iShares MSCI KLD 400 Social ETF 34.5 25 -10 4.6 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 34.0 20 -5 5.3 +0.2

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 14.3 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.