iShares Core High Dividend ETF
ALTAR
Score™
8.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.5x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares High Dividend Equity Fund seeks to track the performance of the Morningstar Dividend Yield Focus Index.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Mar 31, 2011
Assets (mns) $5,690
Currency USD
Expense ratio 8 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 76
Wgt avg mkt cap (mns) $143,216
Large cap (>$10bn) 95.4%
Mid cap ($2-10bn) 4.4%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 9.7 %
AT&T INC 9.1 %
VERIZON COMMUNICATIONS INC 7.3 %
JOHNSON & JOHNSON 7.3 %
PFIZER INC 6.2 %
CHEVRON CORP 6.2 %
CISCO SYSTEMS INC 4.6 %
MERCK & CO. INC. 4.4 %
COCA-COLA CO/THE 3.8 %
PEPSICO INC 3.6 %
Total 62.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
IRELAND 0.8 %
BRITAIN 0.2 %








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.
-26.1% -20.4% 2.7% -- 7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.91 84%
MSCI EAFE 0.88 77%
MSCI Emg. Mkts. 0.65 61%

Technical Indicators
Recent close $72.12
30d moving avg. $78.65
Annualized volatility 15.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.8%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 1,402
Turnover 1.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $32,915

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: HDV Expense: 8 bp ALTAR Score™: 8.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH HDV
Ticker Fund
Name
Overlap1
vs HDV
(%)
Expense
ratio
(bp)
Savings
vs HDV
(bp)
ALTAR
Score™
(%)
ALTAR
vs HDV
(%)
DURA VanEck Vectors Morningstar Durable Dividend ETF 48.4 29 -21 8.4 +0.3
FDL First Trust Morningstar Dividend Leaders Index Fund 43.9 45 -37 10.9 +2.8
DHS WisdomTree U.S. High Dividend Fund 42.5 38 -30 10.5 +2.3
OUSA O'Shares FTSE US Quality Dividend ETF 41.2 48 -40 7.0 -1.2
JKF iShares Morningstar Large Cap Value ETF 39.7 25 -17 9.5 +1.4
VYM Vanguard High Dividend Yield Index ETF 37.4 6 2 8.9 +0.8
PWV Invesco Dynamic Large Cap Value ETF 35.2 55 -47 10.6 +2.4
DJD Invesco Dow Jones Industrial Average Dividend ETF 33.7 7 1 8.3 +0.2
SCHD Schwab U.S. Dividend Equity ETF 33.7 6 2 9.2 +1.1
SPHQ Invesco S&P 500 Quality ETF 31.5 15 -7 6.4 -1.8
LVHD Legg Mason Low Volatility High Dividend ETF 31.5 27 -19 8.6 +0.5
MGV Vanguard Mega Cap Value ETF 30.6 7 1 8.8 +0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 29.2 28 -20 8.0 -0.1
DVOP Source Dividend Opportunity ETF 28.9 50 -42 11.2 +3.1
QDF FlexShares Quality Dividend Index Fund 28.8 37 -29 8.8 +0.7
SCHV Schwab U.S. Large-Cap Value ETF 28.8 4 4 9.0 +0.8
VTV Vanguard Value Index Fund 28.2 4 4 9.1 +1.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 27.9 37 -29 9.1 +0.9
DGRO iShares Core Dividend Growth ETF 27.3 8 0 8.4 +0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 27.2 37 -29 7.9 -0.3
EDOW First Trust Dow 30 Equal Weight ETF 26.9 50 -42 7.2 -0.9
PFM Invesco Dividend Achievers ETF 26.7 54 -46 6.4 -1.7
IWX iShares Russell Top 200 Value ETF 26.6 20 -12 8.7 +0.6
DTD WisdomTree U.S.Total Dividend Fund 26.4 28 -20 8.5 +0.3
USDY Pacific Global US Equity Income ETF 26.3 29 -21 10.5 +2.4
REVS Columbia Research Enhanced Value ETF 25.5 19 -11 9.9 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 25.3 4 4 9.2 +1.1
IVE iShares S&P 500 Value ETF 25.2 18 -10 9.1 +0.9
RAFE PIMCO RAFI ESG U.S. ETF 25.0 29 -21 10.3 +2.2
DEW WisdomTree Global High Dividend Fund 25.0 58 -50 11.4 +3.2
VOOV Vanguard S&P 500 Value ETF 24.8 15 -7 9.2 +1.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 24.5 38 -30 10.2 +2.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 24.4 12 -4 6.3 -1.9
XLE Energy Select Sector SPDR Fund 24.2 13 -5 6.4 -1.8
IYE iShares U.S. Energy ETF 24.2 42 -34 6.1 -2.1
FENY Fidelity MSCI Energy Index ETF 24.2 8 -0 6.1 -2.1
IGE iShares North American Natural Resources ETF 24.2 46 -38 6.0 -2.1
VDE Vanguard Energy Index Fund 24.2 10 -2 6.0 -2.1
IXC iShares Global Energy ETF 24.2 46 -38 7.2 -1.0
IUSV iShares Core S&P U.S. Value ETF 24.2 4 4 9.4 +1.2
QDIV Global X S&P 500 Quality Dividend ETF 24.0 20 -12 10.8 +2.6
NULV Nuveen ESG Large-Cap Value ETF 23.7 35 -27 9.3 +1.1
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 23.0 35 -27 11.3 +3.2
QLV FlexShares US Quality Low Volatility Index Fund 22.4 22 -14 6.4 -1.8
JHME John Hancock Multifactor Energy ETF 22.3 40 -32 6.2 -1.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 22.2 49 -41 6.1 -2.0
DVY iShares Select Dividend ETF 22.2 39 -31 10.9 +2.7
FMK First Trust Mega Cap AlphaDEX Fund 21.8 70 -62 7.0 -1.1
HLAL Wahed FTSE USA Shariah ETF 21.7 50 -42 6.2 -2.0
PEY Invesco High Yield Equity Dividend Achievers ETF 21.6 53 -45 9.8 +1.7
RDIV Invesco S&P Ultra Dividend Revenue ETF 21.4 39 -31 15.1 +7.0
IYZ iShares U.S. Telecommunications ETF 21.0 42 -34 9.3 +1.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 20.9 28 -20 8.2 +0.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 20.7 35 -27 7.9 -0.2
QUAL iShares MSCI Usa Quality Factor ETF 20.7 15 -7 6.9 -1.2
FLQL Franklin LibertyQ U.S. Equity ETF 20.6 15 -7 8.0 -0.1
IWD iShares Russell 1000 Value ETF 20.6 19 -11 9.1 +1.0
VONV Vanguard Russell 1000 Value Index Fund 20.6 8 0 9.3 +1.1
FDRR Fidelity Dividend ETF for Rising Rates 20.4 29 -21 9.6 +1.5
DIVB iShares U.S. Dividend & Buyback ETF 20.3 25 -17 8.8 +0.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 20.1 30 -22 11.9 +3.8
JQUA JPMorgan U.S. Quality Factor ETF 20.1 12 -4 6.6 -1.5
JDIV JPMorgan U.S. Dividend ETF 20.1 12 -4 10.7 +2.6
XLV Health Care Select Sector SPDR Fund 20.0 13 -5 8.1 -0.1
IEIH iShares Evolved U.S. Innovative Healthcare ETF 20.0 18 -10 4.5 -3.6
PRF Invesco FTSE RAFI US 1000 ETF 19.9 39 -31 9.2 +1.0
SDOG ALPS Sector Dividend Dogs ETF 19.9 40 -32 13.9 +5.7
SHE SPDR SSGA Gender Diversity Index ETF 19.8 20 -12 7.4 -0.7
IYH iShares U.S. Healthcare ETF 19.6 43 -35 7.1 -1.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.3 25 -17 8.3 +0.2
CCOR Core Alternative ETF 19.3 123 -115 5.3 -2.9
FILL iShares MSCI Global Energy Producers ETF 19.2 39 -31 8.2 +0.1
JVAL JPMorgan U.S. Value Factor ETF 19.2 12 -4 11.9 +3.8
FHLC Fidelity MSCI Health Care Index ETF 19.2 8 -0 6.6 -1.6
VHT Vanguard Health Care Index Fund 19.2 10 -2 6.5 -1.6
SPYD SPDR S&P 500 High Dividend ETF 18.9 7 1 14.3 +6.2
FLLV Franklin Liberty U.S. Low Volatility ETF 18.6 29 -21 7.1 -1.1
QUS SPDR MSCI USA StrategicFactors ETF 18.6 15 -7 7.3 -0.9
STLV iShares Factors US Value Style ETF 18.3 25 -17 10.1 +1.9
EQWL Invesco Russell Top 200 Equal Weight ETF 18.2 25 -17 7.5 -0.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.1 25 -17 8.4 +0.3
XLG Invesco S&P 500 Top 50 ETF 18.1 20 -12 5.9 -2.2
YLDE ClearBridge Dividend Strategy ESG ETF 18.1 60 -52 6.2 -2.0
USMV iShares Edge MSCI Min Vol USA ETF 18.0 15 -7 6.8 -1.3
LVUS Hartford Multifactor Low Volatility US Equity ETF 18.0 19 -11 7.6 -0.5
FTXH First Trust Nasdaq Pharmaceuticals ETF 17.9 60 -52 7.9 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.9 49 -41 5.5 -2.7
RYE Invesco S&P 500 Equal Weight Energy ETF 17.9 40 -32 5.5 -2.7
FTXN First Trust Nasdaq Oil & Gas ETF 17.8 60 -52 7.2 -1.0
ROUS Hartford Multifactor US Equity ETF 17.8 19 -11 9.2 +1.1
FVD First Trust Value Line Dividend Index Fund 17.5 70 -62 8.0 -0.1
PJP Invesco Dynamic Pharmaceuticals ETF 17.5 56 -48 12.5 +4.3
OEF iShares S&P 100 ETF 17.5 20 -12 6.3 -1.8
BVAL Brand Value ETF 17.4 65 -57 8.9 +0.7
SPXT ProShares S&P 500 Ex-Technology ETF 17.3 27 -19 7.3 -0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 17.2 19 -11 7.6 -0.6
SUSL iShares ESG MSCI USA Leaders ETF 17.2 10 -2 6.9 -1.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 17.2 10 -2 6.9 -1.2
IXJ iShares Global Healthcare ETF 17.1 46 -38 7.2 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 17.0 8 0 8.5 +0.3

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 Core High Dividend 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 13.4 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 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.