iShares Core High Dividend ETF
ALTAR
Score™
6.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.1x P/Sales
ratio
2.1x
P/BV
ratio
2.2x Div.
yield
4.5%


  • 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 29, 2011
Assets (mns) $5,616
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 75
Wgt avg mkt cap (mns) $155,326
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.5%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 9.6 %
EXXON MOBIL CORP 8.7 %
JOHNSON & JOHNSON 7.2 %
VERIZON COMMUNICATIONS INC 6.6 %
CHEVRON CORP 6.0 %
PFIZER INC 5.6 %
COCA-COLA CO/THE 4.1 %
CISCO SYSTEMS INC 4.0 %
MERCK & CO. INC. 4.0 %
PEPSICO INC 3.7 %
Total 59.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
IRELAND 0.8 %
BRITAIN 0.7 %
BERMUDA 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.
-15.3% -10.6% 5.7% -- 8.5%

Market Correlations
versus... Beta R-squared
S&P500 0.94 85%
MSCI EAFE 0.95 75%
MSCI Emg. Mkts. 0.68 61%

Technical Indicators
Recent close $82.47
30d moving avg. $82.94
Annualized volatility 17.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.8%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 584
Turnover 0.9%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $32,232

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™: 6.7%


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 49.3 29 -21 7.2 +0.5
DHS WisdomTree U.S. High Dividend Fund 45.0 38 -30 8.6 +2.0
OUSA O'Shares FTSE US Quality Dividend ETF 43.3 48 -40 5.6 -1.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 43.1 75 -67 6.1 -0.6
DJD Invesco Dow Jones Industrial Average Dividend ETF 39.9 7 1 6.8 +0.1
VYM Vanguard High Dividend Yield Index ETF 39.9 6 2 7.3 +0.6
JKF iShares Morningstar Large Cap Value ETF 37.2 25 -17 7.5 +0.8
SCHD Schwab U.S. Dividend Equity ETF 35.0 6 2 8.2 +1.5
MGV Vanguard Mega Cap Value ETF 32.8 7 1 7.2 +0.5
FDL First Trust Morningstar Dividend Leaders Index Fund 32.0 45 -37 10.2 +3.5
GBDV Global Beta Smart Income ETF 31.8 29 -21 8.9 +2.2
USDY Pacific Global US Equity Income ETF 31.2 29 -21 7.2 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 30.3 4 4 7.1 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 29.8 28 -20 6.3 -0.4
PWV Invesco Dynamic Large Cap Value ETF 29.7 55 -47 8.8 +2.1
DGRO iShares Core Dividend Growth ETF 29.5 8 0 6.6 -0.1
VTV Vanguard Value Index Fund 29.0 4 4 7.4 +0.7
EDOW First Trust Dow 30 Equal Weight ETF 28.7 50 -42 5.9 -0.8
DEW WisdomTree Global High Dividend Fund 27.8 58 -50 9.3 +2.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 27.3 38 -30 7.9 +1.2
DTD WisdomTree U.S.Total Dividend Fund 27.2 28 -20 6.6 -0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 27.0 12 -4 4.7 -2.0
VOOV Vanguard S&P 500 Value ETF 26.8 15 -7 7.3 +0.6
PFM Invesco Dividend Achievers ETF 26.6 54 -46 5.4 -1.3
SPYV SPDR Portfolio S&P 500 Value ETF 26.6 4 4 7.4 +0.7
IVE iShares S&P 500 Value ETF 26.6 18 -10 7.2 +0.5
LVHD Legg Mason Low Volatility High Dividend ETF 26.6 27 -19 8.9 +2.2
IWX iShares Russell Top 200 Value ETF 26.5 20 -12 7.1 +0.4
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 26.1 30 -22 9.8 +3.1
REVS Columbia Research Enhanced Value ETF 25.7 19 -11 7.7 +1.0
SDOG ALPS Sector Dividend Dogs ETF 25.6 40 -32 10.3 +3.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 25.5 28 -20 6.4 -0.3
IUSV iShares Core S&P U.S. Value ETF 25.2 4 4 7.4 +0.8
RAFE PIMCO RAFI ESG U.S. ETF 24.7 29 -21 7.7 +1.1
FDRR Fidelity Dividend ETF for Rising Rates 23.8 29 -21 6.9 +0.2
QDF FlexShares Quality Dividend Index Fund 23.5 37 -29 6.1 -0.6
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 23.3 35 -27 8.6 +1.9
QDEF FlexShares Quality Dividend Defensive Index Fund 23.1 37 -29 5.8 -0.9
NULV Nuveen ESG Large-Cap Value ETF 22.6 35 -27 7.3 +0.6
FLQL Franklin LibertyQ U.S. Equity ETF 22.5 15 -7 6.2 -0.5
CCOR Core Alternative ETF 22.2 123 -115 4.4 -2.3
QLV FlexShares US Quality Low Volatility Index Fund 21.9 22 -14 4.8 -1.9
SPYD SPDR S&P 500 High Dividend ETF 21.9 7 1 10.4 +3.7
QDYN FlexShares Quality Dividend Dynamic Index Fund 21.9 37 -29 6.1 -0.6
SPHQ Invesco S&P 500 Quality ETF 21.6 15 -7 4.6 -2.1
XLV Health Care Select Sector SPDR Fund 21.4 13 -5 7.0 +0.3
QUAL iShares MSCI Usa Quality Factor ETF 21.3 15 -7 5.4 -1.3
QDIV Global X S&P 500 Quality Dividend ETF 21.1 20 -12 7.6 +0.9
IEIH iShares Evolved U.S. Innovative Healthcare ETF 21.1 18 -10 2.9 -3.8
JDIV JPMorgan U.S. Dividend ETF 21.1 12 -4 7.9 +1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 21.0 25 -17 6.0 -0.7
IYH iShares U.S. Healthcare ETF 20.9 43 -35 6.0 -0.7
VONV Vanguard Russell 1000 Value Index Fund 20.9 8 0 7.2 +0.6
IYZ iShares U.S. Telecommunications ETF 20.6 42 -34 7.4 +0.8
SHE SPDR SSGA Gender Diversity Index ETF 20.6 20 -12 5.5 -1.2
IGE iShares North American Natural Resources ETF 20.3 46 -38 4.1 -2.6
FHLC Fidelity MSCI Health Care Index ETF 20.2 8 -0 5.4 -1.3
IWD iShares Russell 1000 Value ETF 20.2 19 -11 7.1 +0.4
VHT Vanguard Health Care Index Fund 20.2 10 -2 5.3 -1.4
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 20.0 35 -27 8.6 +2.0
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 20.0 35 -27 6.7 +0.0
QUS SPDR MSCI USA StrategicFactors ETF 20.0 15 -7 5.8 -0.9
FLV American Century Focused Large Cap Value ETF 19.9 42 -34 6.6 -0.1
DVY iShares Select Dividend ETF 19.9 39 -31 9.6 +3.0
FVD First Trust Value Line Dividend Index Fund 19.8 70 -62 6.3 -0.3
IXC iShares Global Energy ETF 19.8 46 -38 5.9 -0.8
XLE Energy Select Sector SPDR Fund 19.8 13 -5 4.6 -2.1
FENY Fidelity MSCI Energy Index ETF 19.8 8 -0 4.3 -2.4
IYE iShares U.S. Energy ETF 19.8 42 -34 4.0 -2.7
VDE Vanguard Energy Index Fund 19.8 10 -2 4.0 -2.7
YLDE ClearBridge Dividend Strategy ESG ETF 19.7 60 -52 4.9 -1.8
PRF Invesco FTSE RAFI US 1000 ETF 19.7 39 -31 6.8 +0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.6 25 -17 6.5 -0.2
JQUA JPMorgan U.S. Quality Factor ETF 19.4 12 -4 5.2 -1.5
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 19.1 49 -41 4.7 -2.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.8 52 -44 5.0 -1.7
DIVB iShares U.S. Dividend & Buyback ETF 18.8 25 -17 6.5 -0.1
HLAL Wahed FTSE USA Shariah ETF 18.7 50 -42 4.5 -2.2
JVAL JPMorgan U.S. Value Factor ETF 18.7 12 -4 8.7 +2.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 18.7 10 -2 5.2 -1.5
USMV iShares Edge MSCI Min Vol USA ETF 18.6 15 -7 5.5 -1.2
SUSL iShares ESG MSCI USA Leaders ETF 18.6 10 -2 5.2 -1.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 18.5 19 -11 5.6 -1.1
PJP Invesco Dynamic Pharmaceuticals ETF 18.4 56 -48 10.8 +4.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 18.2 25 -17 6.5 -0.2
PEY Invesco High Yield Equity Dividend Achievers ETF 18.0 53 -45 9.1 +2.5
FLLV Franklin Liberty U.S. Low Volatility ETF 18.0 29 -21 5.8 -0.9
FDVV Fidelity Core Dividend ETF 17.9 29 -21 7.1 +0.4
JHME John Hancock Multifactor Energy ETF 17.9 40 -32 3.9 -2.8
IUS Invesco Strategic US ETF 17.9 19 -11 6.6 -0.1
SPMV Invesco S&P 500 Minimum Variance ETF 17.9 10 -2 5.8 -0.9
RNDV US Equity Dividend Select ETF 17.8 50 -42 7.6 +0.9
IXJ iShares Global Healthcare ETF 17.7 46 -38 6.2 -0.5
JHMH John Hancock Multifactor Healthcare ETF 17.6 40 -32 5.9 -0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 17.6 49 -41 4.0 -2.7
LVUS Hartford Multifactor Low Volatility US Equity ETF 17.6 19 -11 6.0 -0.6
ROUS Hartford Multifactor US Equity ETF 17.4 19 -11 7.3 +0.6
LSLT Salt Low truBeta US Market ETF 17.4 29 -21 6.0 -0.7
SPXT ProShares S&P 500 Ex-Technology ETF 17.3 27 -19 5.6 -1.1
FMK First Trust Mega Cap AlphaDEX Fund 17.1 70 -62 5.1 -1.6

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.8 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.