iShares Evolved U.S. Discretionary Spending ETF
ALTAR
Score™
5.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
1.1x
P/BV
ratio
5.3x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Evolved U.S. Discretionary Spending ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the discretionary spending sector, according to an alternative classification system defined by machine learni

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 21, 2018
Assets (mns) $10
Currency USD
Expense ratio 18 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 223
Wgt avg mkt cap (mns) $280,040
Large cap (>$10bn) 88.2%
Mid cap ($2-10bn) 9.9%
Small cap (<$2bn) 2.0%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
AMAZON.COM INC 14.3 %
HOME DEPOT INC 8.5 %
WAL-MART STORES INC 7.7 %
COSTCO WHOLESALE CORP 6.0 %
PROCTER & GAMBLE CO/THE 4.4 %
APPLE INC 4.4 %
NIKE INC -CL B 4.3 %
MCDONALD'S CORP 3.7 %
TJX COMPANIES INC 2.9 %
TARGET CORP 2.5 %
Total 58.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
CHINA 0.5 %
ARGENTINA 0.5 %
BERMUDA 0.1 %
BRITAIN 0.1 %
CAYMAN ISLANDS 0.1 %





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.
-20.0% -9.1% -- -- 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.96 92%
MSCI EAFE 0.92 77%
MSCI Emg. Mkts. 0.68 58%

Technical Indicators
Recent close $24.27
30d moving avg. $27.02
Annualized volatility 18.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 11
Turnover 2.8%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $96,773

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Evolved U.S. Discretionary Spending ETF ETF based on the alternatives' overlap in portfolio holdings with IEDI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IEDI Expense: 18 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IEDI
Ticker Fund
Name
Overlap1
vs IEDI
(%)
Expense
ratio
(bp)
Savings
vs IEDI
(bp)
ALTAR
Score™
(%)
ALTAR
vs IEDI
(%)
VCR Vanguard Consumer Discretionary Index Fund 62.6 10 8 6.6 +0.9
FDIS Fidelity MSCI Consumer Discretionary Index ETF 61.1 8 10 6.3 +0.5
IYC iShares U.S. Consumer Services ETF 59.9 42 -24 6.5 +0.8
XLY Consumer Discretionary Select Sector SPDR Fund 58.1 13 5 6.9 +1.2
RTH VanEck Vectors Retail ETF 53.4 35 -17 6.5 +0.7
JHMC John Hancock Multifactor Consumer Discretionary ETF 53.0 40 -22 8.2 +2.4
RXI iShares Global Consumer Discretionary ETF 46.6 46 -28 8.3 +2.5
JOYY Infusive Compounding Global Equities ETF 38.3 50 -32 5.1 -0.7
FTXD First Trust Nasdaq Retail ETF 35.2 60 -42 9.2 +3.4
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 34.7 40 -22 13.1 +7.3
MILN Global X Millennials Thematic ETF 29.7 50 -32 4.5 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 29.0 75 -57 5.0 -0.8
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 27.1 29 -11 5.6 -0.1
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 25.5 49 -31 6.1 +0.4
VIG Vanguard Dividend Appreciation Index Fund 24.8 6 12 6.3 +0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 24.5 16 2 7.3 +1.5
XRT SPDR S&P Retail ETF 24.5 35 -17 12.3 +6.6
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 23.9 75 -57 4.1 -1.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 23.7 29 -11 8.2 +2.5
EDOW First Trust Dow 30 Equal Weight ETF 23.6 50 -32 7.2 +1.5
RWL Invesco S&P 500 Revenue ETF 23.5 39 -21 9.2 +3.5
MGK Vanguard Mega Cap Growth ETF 23.4 7 11 5.6 -0.1
FSTA Fidelity MSCI Consumer Staples Index ETF 22.9 8 10 6.0 +0.2
PEZ Invesco DWA Consumer Cyclicals Momentum ETF 22.8 60 -42 6.7 +0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 22.5 19 -1 7.6 +1.8
VUG Vanguard Growth Index Fund 22.5 4 14 5.5 -0.2
ACSI American Customer Satisfaction Core Alpha ETF 22.3 66 -48 7.4 +1.6
FLQL Franklin LibertyQ U.S. Equity ETF 22.2 15 3 8.0 +2.3
QYLD Global X NASDAQ 100 Covered Call ETF 21.8 60 -42 4.9 -0.9
VDC Vanguard Consumer Staples Index Fund 21.8 10 8 6.0 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.5 60 -42 6.0 +0.2
FXD First Trust Consumer Discretionary AlphaDEX Fund 21.5 64 -46 13.2 +7.4
ESG FlexShares STOXX US ESG Impact Index Fund 21.4 32 -14 6.8 +1.0
TMFC Motley Fool 100 Index ETF 21.3 50 -32 5.1 -0.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 21.2 12 6 6.3 +0.5
VOOG Vanguard S&P 500 Growth ETF 21.2 10 8 5.7 -0.1
SPYG SPDR Portfolio S&P 500 Growth ETF 21.2 4 14 5.8 +0.0
NUSI Nationwide Risk-Managed Income ETF 21.2 68 -50 4.8 -1.0
IVW iShares S&P 500 Growth ETF 21.2 18 0 5.6 -0.1
XLP Consumer Staples Select Sector SPDR Fund 21.1 13 5 5.9 +0.1
IUSG iShares Core S&P US Growth ETF 21.1 4 14 5.8 +0.1
NACP Impact Shares NAACP Minority Empowerment ETF 21.0 75 -57 6.2 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 21.0 9 9 7.3 +1.5
QQQ Invesco QQQ Trust 20.8 20 -2 5.4 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 20.4 27 -9 6.8 +1.0
IWF iShares Russell 1000 Growth ETF 20.4 19 -1 5.7 -0.1
VONG Vanguard Russell 1000 Growth Index Fund 20.4 8 10 5.8 0.0
SFY SoFi Select 500 ETF 20.4 0 18 6.7 +1.0
IWY iShares Russell Top 200 Growth ETF 20.3 20 -2 5.5 -0.2
IQSU IQ Candriam ESG US Equity ETF 20.2 9 9 6.7 +0.9
SPXN ProShares S&P 500 Ex-Financials ETF 20.1 27 -9 6.6 +0.9
PWB Invesco Dynamic Large Cap Growth ETF 20.0 55 -37 4.6 -1.1
SCHG Schwab U.S. Large-Cap Growth ETF 19.9 4 14 5.6 -0.1
OEF iShares S&P 100 ETF 19.7 20 -2 6.3 +0.6
SNPE Xtrackers S&P 500 ESG ETF 19.6 11 7 6.8 +1.1
JHMS John Hancock Multifactor Consumer Staples ETF 19.6 40 -22 6.8 +1.1
XLG Invesco S&P 500 Top 50 ETF 19.6 20 -2 5.9 +0.2
PFM Invesco Dividend Achievers ETF 19.5 54 -36 6.4 +0.7
VSDA VictoryShares Dividend Accelerator ETF 19.4 35 -17 5.8 +0.0
HSPX Global X S&P 500 Covered Call ETF 19.3 65 -47 6.2 +0.4
RFDA RiverFront Dynamic US Dividend Advantage ETF 19.3 52 -34 7.9 +2.1
IUS Invesco Strategic US ETF 19.3 19 -1 7.9 +2.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.1 15 3 6.9 +1.2
SPHQ Invesco S&P 500 Quality ETF 19.1 15 3 6.4 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 19.1 75 -57 6.2 +0.4
PBP Invesco S&P 500 BuyWrite ETF 19.1 49 -31 6.5 +0.8
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 19.0 21 -3 4.4 -1.4
DSTL Distillate US Fundamental Stability & Value ETF 18.9 39 -21 7.7 +2.0
FDMO Fidelity Momentum Factor ETF 18.9 29 -11 5.5 -0.3
JKE iShares Morningstar Large-Cap Growth ETF 18.7 25 -7 4.7 -1.1
ESGV Vanguard ESG U.S. Stock ETF 18.7 12 6 7.0 +1.2
MGC Vanguard Mega Cap Index Fund 18.5 7 11 6.8 +1.1
AVUS Avantis U.S. Equity ETF 18.5 15 3 8.0 +2.2
SPXE ProShares S&P 500 Ex-Energy ETF 18.4 27 -9 7.0 +1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 18.4 20 -2 7.1 +1.3
IWL iShares Russell Top 200 ETF 18.4 15 3 6.6 +0.9
SPMO Invesco S&P 500 Momentum ETF 18.3 13 5 5.3 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.3 20 -2 6.6 +0.9
VV Vanguard Large-Cap Index Fund 18.1 4 14 7.0 +1.2
SPY SPDR S&P 500 ETF Trust 18.1 9 9 7.1 +1.3
VOO VANGUARD S&P 500 ETF 18.1 3 15 7.1 +1.3
JMOM JPMorgan U.S. Momentum Factor ETF 18.1 12 6 5.2 -0.6
SPLG SPDR Portfolio Large Cap ETF 18.1 3 15 7.1 +1.4
IVV iShares Core S&P 500 ETF 18.1 4 14 7.1 +1.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 18.0 2 16 7.1 +1.3
VONE Vanguard Russell 1000 ETF 18.0 8 10 7.0 +1.3
IWB iShares Russell 1000 ETF 17.9 15 3 7.0 +1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 17.9 25 -7 8.3 +2.6
SPTM SPDR Portfolio Total Stock Market ETF 17.9 3 15 7.3 +1.5
IYY iShares Dow Jones U.S. ETF 17.8 20 -2 6.9 +1.2
PBUS Invesco PureBeta MSCI USA ETF 17.8 4 14 7.2 +1.4
SCHX Schwab U.S. Large-Cap ETF 17.8 3 15 7.0 +1.3
SCHK Schwab 1000 Index ETF 17.8 5 13 7.0 +1.3
ADME Aptus Drawdown Managed Equity ETF 17.7 81 -63 5.4 -0.4
ACIO Aptus Collared Income Opportunity ETF 17.7 79 -61 6.6 +0.9
OUSA O'Shares FTSE US Quality Dividend ETF 17.7 48 -30 7.0 +1.2
RECS Columbia Research Enhanced Core ETF 17.7 15 3 7.5 +1.7
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.6 25 -7 8.4 +2.6
VTHR Vanguard Russell 3000 Index Fund 17.6 10 8 6.9 +1.2
SPXT ProShares S&P 500 Ex-Technology ETF 17.6 27 -9 7.3 +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 Evolved U.S. Discretionary Spending ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 29.4 %
Divided by: Fwd. P/BV 4.9 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 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.