iShares MSCI USA Equal Weighted ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.2x P/Sales
ratio
1.7x
P/BV
ratio
2.2x Div.
yield
2.0%


  • 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) $212
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 616
Wgt avg mkt cap (mns) $48,476
Large cap (>$10bn) 79.1%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ZOOM VIDEO COMMUNICATIONS, INC. CL 0.2 %
TRADE DESK, INC. CLASS A 0.2 %
TESLA MOTORS INC 0.2 %
DOCUSIGN, INC. 0.2 %
INVESCO LTD 0.2 %
SQUARE, INC. CLASS A 0.2 %
BOEING CO 0.2 %
TERADYNE INC 0.2 %
ABIOMED INC 0.2 %
COUPA SOFTWARE, INC. 0.2 %
Total 2.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.4 %
IRELAND 1.8 %
BRITAIN 1.6 %
BERMUDA 0.9 %
SWITZERLAND 0.5 %
ARGENTINA 0.2 %
NETHERLANDS 0.2 %
CANADA 0.2 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.5% -1.6% 7.1% -- 12.1%

Market Correlations
versus... Beta R-squared
S&P500 1.17 96%
MSCI EAFE 1.18 86%
MSCI Emg. Mkts. 0.85 69%

Technical Indicators
Recent close $58.05
30d moving avg. $57.52
Annualized volatility 20.2%
Short interest (ETF) 0.6%
Short interest (Underlying) 4.3%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $327,658

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™: 6.3%


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 97.5 15 0 6.3 +0.0
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 79.6 9 6 5.9 -0.4
RSP Invesco S&P 500 Equal Weight ETF 76.5 20 -5 6.7 +0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 65.0 35 -20 5.9 -0.4
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 63.2 29 -14 6.7 +0.5
JHML John Hancock Multifactor Large Cap ETF 61.6 29 -14 5.5 -0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 57.9 20 -5 6.4 +0.2
RNLC Large Cap US Equity Select ETF 56.8 60 -45 6.2 -0.1
SCIU Global X Scientific Beta US ETF 56.7 19 -4 5.8 -0.5
IWR iShares Russell Midcap ETF 56.5 19 -4 5.6 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 56.3 17 -2 6.4 +0.1
BKMC BNY Mellon US Mid Cap Core Equity ETF 55.7 4 11 5.7 -0.5
DYNF BlackRock U.S. Equity Factor Rotation ETF 54.7 30 -15 6.5 +0.2
FEX First Trust Large Cap Core AlphaDEX Fund 54.2 60 -45 6.0 -0.3
EQAL Invesco Russell 1000 Equal Weight ETF 53.9 20 -5 5.7 -0.6
RVRS Reverse Cap Weighted U.S. Large Cap ETF 53.9 29 -14 8.2 +1.9
JHMM John Hancock Multifactor Mid Cap ETF 51.7 42 -27 5.8 -0.5
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 50.9 9 6 5.5 -0.8
PBUS Invesco PureBeta MSCI USA ETF 49.0 4 11 5.2 -1.0
IWS iShares Russell Mid-Cap Value ETF 47.6 24 -9 7.2 +1.0
SCHX Schwab U.S. Large-Cap ETF 47.6 3 12 5.3 -1.0
AVUS Avantis U.S. Equity ETF 47.4 15 0 5.7 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 46.9 2 13 5.3 -1.0
SCHK Schwab 1000 Index ETF 46.8 5 10 5.2 -1.0
IWB iShares Russell 1000 ETF 46.8 15 0 5.2 -1.1
IWD iShares Russell 1000 Value ETF 46.7 19 -4 7.2 +0.9
IYY iShares Dow Jones U.S. ETF 46.7 20 -5 5.1 -1.1
VO Vanguard Mid-Cap Index Fund 46.7 4 11 5.4 -0.9
VV Vanguard Large-Cap Index Fund 46.4 4 11 5.2 -1.0
VONE Vanguard Russell 1000 ETF 46.3 8 7 5.2 -1.0
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 46.3 35 -20 5.9 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 45.7 15 0 5.1 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 45.6 7 8 5.2 -1.1
SCHB Schwab U.S. Broad Market ETF 45.6 3 12 5.2 -1.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 45.5 18 -3 6.2 -0.0
ITOT iShares Core S&P Total U.S. Stock Market ETF 45.5 3 12 5.1 -1.1
PRF Invesco FTSE RAFI US 1000 ETF 45.4 39 -24 6.8 +0.5
IWV iShares Russell 3000 ETF 45.4 20 -5 5.0 -1.2
VTI Vanguard Total Stock Market Index Fund 45.3 3 12 5.1 -1.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 45.3 17 -2 6.5 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 45.1 15 0 5.8 -0.5
VTHR Vanguard Russell 3000 Index Fund 44.9 10 5 5.1 -1.1
VLU SPDR S&P 1500 Value Tilt ETF 44.8 12 3 7.4 +1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 44.7 25 -10 6.5 +0.3
PBP Invesco S&P 500 BuyWrite ETF 44.7 49 -34 5.0 -1.2
SFY SoFi Select 500 ETF 44.6 0 15 5.2 -1.1
HSPX Global X S&P 500 Covered Call ETF 44.3 65 -50 4.8 -1.4
SPLG SPDR Portfolio Large Cap ETF 44.2 3 12 5.4 -0.9
SPY SPDR S&P 500 ETF Trust 44.2 9 6 5.3 -0.9
IVV iShares Core S&P 500 ETF 44.2 4 11 5.4 -0.9
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 44.1 35 -20 5.4 -0.9
VOO VANGUARD S&P 500 ETF 44.0 3 12 5.4 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 43.9 25 -10 6.5 +0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 43.7 20 -5 5.3 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 43.5 3 12 5.5 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 43.4 27 -12 5.6 -0.6
SPXE ProShares S&P 500 Ex-Energy ETF 43.3 27 -12 5.3 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 43.2 29 -14 5.2 -1.1
RWL Invesco S&P 500 Revenue ETF 43.1 39 -24 7.2 +0.9
EPS WisdomTree U.S. Earnings 500 Fund 43.0 8 7 6.4 +0.2
VONV Vanguard Russell 1000 Value Index Fund 42.7 8 7 7.3 +1.0
VOOV Vanguard S&P 500 Value ETF 41.9 15 0 7.3 +1.1
SPYV SPDR Portfolio S&P 500 Value ETF 41.9 4 11 7.4 +1.2
IVE iShares S&P 500 Value ETF 41.8 18 -3 7.3 +1.0
IUSV iShares Core S&P U.S. Value ETF 41.7 4 11 7.5 +1.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 41.7 25 -10 6.6 +0.3
IUS Invesco Strategic US ETF 41.2 19 -4 6.7 +0.4
TPLC Timothy Plan US Large Cap Core ETF 40.7 52 -37 5.5 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 40.7 27 -12 5.0 -1.3
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 40.4 29 -14 6.2 -0.0
ESGV Vanguard ESG U.S. Stock ETF 40.2 12 3 5.1 -1.1
KOKU Xtrackers MSCI Kokusai Equity ETF 40.0 9 6 5.7 -0.6
TOK iShares MSCI Kokusai ETF 39.9 25 -10 5.5 -0.7
TUSA First Trust Total US Market AlphaDEX ETF 39.5 70 -55 5.9 -0.3
ONEV SPDR Russell 1000 Low Volatility Focus ETF 39.0 20 -5 7.0 +0.8
DIVB iShares U.S. Dividend & Buyback ETF 38.7 25 -10 6.6 +0.3
SCHV Schwab U.S. Large-Cap Value ETF 38.7 4 11 7.2 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 38.5 27 -12 4.9 -1.3
RNDV US Equity Dividend Select ETF 38.3 50 -35 7.6 +1.3
URTH iShares MSCI World ETF 38.1 24 -9 5.6 -0.6
MXDU Nationwide Maximum Diversification US Core Equity ETF 37.8 34 -19 4.8 -1.4
DTD WisdomTree U.S.Total Dividend Fund 36.9 28 -13 6.6 +0.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 36.6 20 -5 4.9 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.4 75 -60 3.8 -2.5
RBUS Nationwide Risk-Based U.S. Equity ETF 35.9 30 -15 5.0 -1.2
VTV Vanguard Value Index Fund 35.9 4 11 7.4 +1.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 35.1 24 -9 6.2 -0.1
EXT WisdomTree U.S. Total Earnings Fund 34.9 28 -13 5.2 -1.1
BFOR Barron's 400 ETF 34.8 65 -50 6.3 +0.1
ACWI iShares MSCI ACWI ETF 34.7 32 -17 5.8 -0.5
IQSU IQ Candriam ESG US Equity ETF 34.6 9 6 5.0 -1.2
ROUS Hartford Multifactor US Equity ETF 34.5 19 -4 7.3 +1.0
DLN WisdomTree U.S. LargeCap Dividend Fund 34.5 28 -13 6.4 +0.1
AFLG First Trust Active Factor Large Cap ETF 34.4 55 -40 5.5 -0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 34.4 20 -5 7.6 +1.3
DSI iShares MSCI KLD 400 Social ETF 34.1 25 -10 5.1 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 34.0 20 -5 6.1 -0.2
SUSL iShares ESG MSCI USA Leaders ETF 33.9 10 5 5.3 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 33.8 12 3 4.9 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 33.7 10 5 5.2 -1.0

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 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 13.7 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.