iShares Core High Dividend ETF
ALTAR
Score™
6.3% info Recommen-
dation
OVERWEIGHT
2021E    2022E
P/E
ratio
15.7x P/Sales
ratio
2.0x
P/BV
ratio
2.4x Div.
yield
4.2%


  • 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) $6,013
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) $177,432
Large cap (>$10bn) 97.5%
Mid cap ($2-10bn) 2.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EXXON MOBIL CORP 11.8 %
AT&T INC 8.3 %
JOHNSON & JOHNSON 7.0 %
CHEVRON CORP 6.9 %
VERIZON COMMUNICATIONS INC 5.9 %
PROCTER & GAMBLE CO/THE 4.5 %
PFIZER INC 4.3 %
CISCO SYSTEMS INC 3.9 %
COCA-COLA CO/THE 3.7 %
MERCK & CO. INC. 3.4 %
Total 59.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.6 %
BRITAIN 0.6 %
BERMUDA 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
2.2% 10.5% 7.7% -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.92 86%
MSCI EAFE 0.88 78%
MSCI Emg. Mkts. 0.71 62%

Technical Indicators
Recent close $91.04
30d moving avg. $89.80
Annualized volatility 18.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.3%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 312
Turnover 0.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $24,967

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 6.3%


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 42.5 29 -21 8.1 +1.8
OUSA O'Shares FTSE US Quality Dividend ETF 41.3 48 -40 5.8 -0.6
VYM Vanguard High Dividend Yield Index ETF 39.0 6 2 6.8 +0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 36.9 28 -20 6.3 -0.1
JKF iShares Morningstar Large Cap Value ETF 36.8 25 -17 6.8 +0.4
DJD Invesco Dow Jones Industrial Average Dividend ETF 34.6 7 1 6.5 +0.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 32.6 75 -67 6.0 -0.4
DHS WisdomTree U.S. High Dividend Fund 31.8 38 -30 8.1 +1.7
MGV Vanguard Mega Cap Value ETF 31.5 7 1 6.5 +0.2
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 30.2 49 -41 4.4 -2.0
PFM Invesco Dividend Achievers ETF 30.1 53 -45 5.2 -1.2
SCHD Schwab U.S. Dividend Equity ETF 29.8 6 2 6.9 +0.6
FMK First Trust Mega Cap AlphaDEX Fund 29.7 70 -62 0.0 -6.3
GBLO Global Beta Low Beta ETF 29.5 29 -21 7.6 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 29.2 28 -20 6.4 +0.0
EDOW First Trust Dow 30 Equal Weight ETF 29.1 50 -42 5.3 -1.1
DGRO iShares Core Dividend Growth ETF 28.9 8 0 6.3 0.0
CCOR Core Alternative ETF 28.8 109 -101 4.7 -1.7
LVHD Legg Mason Low Volatility High Dividend ETF 27.5 27 -19 7.3 +1.0
DTD WisdomTree U.S.Total Dividend Fund 27.0 28 -20 6.4 +0.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 27.0 12 -4 5.1 -1.2
VTV Vanguard Value Index Fund 26.2 4 4 6.5 +0.1
VOOV Vanguard S&P 500 Value ETF 25.8 10 -2 6.2 -0.2
FDL First Trust Morningstar Dividend Leaders Index Fund 25.1 45 -37 8.9 +2.5
PWV Invesco Dynamic Large Cap Value ETF 24.0 56 -48 6.9 +0.6
IWX iShares Russell Top 200 Value ETF 23.9 20 -12 6.1 -0.3
IXC iShares Global Energy ETF 23.9 46 -38 4.9 -1.5
XLE Energy Select Sector SPDR Fund 23.9 12 -4 3.6 -2.7
FENY Fidelity MSCI Energy Index ETF 23.9 8 -0 3.4 -2.9
IYE iShares U.S. Energy ETF 23.9 42 -34 3.3 -3.0
VDE Vanguard Energy Index Fund 23.9 10 -2 3.3 -3.1
IGE iShares North American Natural Resources ETF 23.9 46 -38 3.7 -2.6
SCHV Schwab U.S. Large-Cap Value ETF 22.8 4 4 6.1 -0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 22.7 70 -62 5.5 -0.9
SPHQ Invesco S&P 500 Quality ETF 22.6 15 -7 4.7 -1.7
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.6 38 -30 7.1 +0.8
FTCS First Trust Capital Strength ETF 22.2 58 -50 5.3 -1.0
SIXA 6 Meridian Mega Cap Equity ETF 22.1 82 -74 6.1 -0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 21.9 29 -21 5.1 -1.2
REVS Columbia Research Enhanced Value ETF 21.8 19 -11 6.7 +0.4
KVLE KFA Value Liner Dynamic Core Equity Index ETF 21.7 56 -48 6.2 -0.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 21.7 30 -22 7.6 +1.2
QDF FlexShares Quality Dividend Index Fund 21.7 37 -29 5.7 -0.7
NULV Nuveen ESG Large-Cap Value ETF 21.6 35 -27 6.1 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 21.6 30 -22 6.6 +0.3
SPYV SPDR Portfolio S&P 500 Value ETF 21.4 4 4 6.2 -0.1
IVE iShares S&P 500 Value ETF 21.4 18 -10 6.1 -0.3
FDVV Fidelity Core Dividend ETF 21.4 29 -21 6.4 +0.1
FLV American Century Focused Large Cap Value ETF 21.1 42 -34 5.8 -0.5
SPMV Invesco S&P 500 Minimum Variance ETF 20.9 10 -2 5.7 -0.7
FILL iShares MSCI Global Energy Producers ETF 20.9 39 -31 5.2 -1.1
FDRR Fidelity Dividend ETF for Rising Rates 20.7 29 -21 6.5 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 20.6 25 -17 6.0 -0.4
DEW WisdomTree Global High Dividend Fund 20.6 58 -50 8.5 +2.1
NANR SPDR S&P North American Natural Resources ETF 20.4 35 -27 3.8 -2.6
DIA SPDR Dow Jones Industrial Average ETF Trust 20.3 16 -8 5.2 -1.2
IUSV iShares Core S&P U.S. Value ETF 20.2 4 4 6.2 -0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 20.2 25 -17 5.8 -0.6
FLQL Franklin LibertyQ U.S. Equity ETF 20.0 15 -7 6.1 -0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 20.0 37 -29 5.7 -0.6
HLAL Wahed FTSE USA Shariah ETF 19.9 50 -42 4.2 -2.2
QUS SPDR MSCI USA StrategicFactors ETF 19.9 15 -7 5.5 -0.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 19.8 35 -27 7.4 +1.1
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 19.8 35 -27 7.4 +1.1
VIG Vanguard Dividend Appreciation Index Fund 19.8 6 2 5.2 -1.1
QUAL iShares MSCI Usa Quality Factor ETF 19.7 15 -7 5.1 -1.2
VONV Vanguard Russell 1000 Value Index Fund 19.6 8 0 6.0 -0.3
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 19.6 35 -27 7.0 +0.7
XLV Health Care Select Sector SPDR Fund 19.5 12 -4 7.3 +1.0
IEIH iShares Evolved U.S. Innovative Healthcare ETF 19.5 18 -10 4.3 -2.1
SPLV Invesco S&P 500 Low Volatility ETF 19.4 25 -17 5.9 -0.4
IYH iShares U.S. Healthcare ETF 19.2 43 -35 6.3 0.0
FVL First Trust Value Line 100 ETF 19.0 70 -62 0.0 -6.3
VHT Vanguard Health Care Index Fund 19.0 10 -2 5.6 -0.8
QDYN FlexShares Quality Dividend Dynamic Index Fund 19.0 37 -29 5.7 -0.6
QLV FlexShares US Quality Low Volatility Index Fund 18.8 22 -14 4.6 -1.7
JQUA JPMorgan U.S. Quality Factor ETF 18.8 12 -4 5.3 -1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 18.8 12 -4 5.6 -0.8
FHLC Fidelity MSCI Health Care Index ETF 18.7 8 -0 5.6 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 18.4 15 -7 5.5 -0.8
IWD iShares Russell 1000 Value ETF 18.1 19 -11 5.9 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 18.1 25 -17 5.6 -0.8
IYZ iShares U.S. Telecommunications ETF 18.1 42 -34 6.7 +0.3
SDY SPDR S&P Dividend ETF 18.0 35 -27 6.1 -0.3
JDIV JPMorgan U.S. Dividend ETF 17.9 12 -4 6.4 +0.1
RNDV US Equity Dividend Select ETF 17.9 50 -42 7.2 +0.8
SUSL iShares ESG MSCI USA Leaders ETF 17.9 10 -2 5.0 -1.3
PEY Invesco High Yield Equity Dividend Achievers ETF 17.9 52 -44 7.6 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 17.9 10 -2 5.0 -1.3
SPQQ Siren Large Cap Blend Index ETF 17.9 20 -12 4.0 -2.3
FVD First Trust Value Line Dividend Index Fund 17.7 70 -62 5.8 -0.6
FQAL Fidelity Quality Factor ETF 17.6 29 -21 5.1 -1.3
JHME John Hancock Multifactor Energy ETF 17.5 40 -32 3.2 -3.2
LSLT Salt Low truBeta US Market ETF 17.5 60 -52 5.8 -0.5
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 17.4 19 -11 5.3 -1.1
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 17.4 75 -67 5.0 -1.3
FDLO Fidelity Low Volatility Factor ETF 17.4 29 -21 4.7 -1.7

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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 15.4 %
Divided by: Fwd. P/BV 2.4 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.50
 
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.