iShares International Dividend Growth ETF
ALTAR
Score™
8.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.2x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares International Dividend Growth ETF tracks an index of international equities that have growing dividends.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date May 17, 2016
Assets (mns) $101
Currency USD
Expense ratio 22 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 394
Wgt avg mkt cap (mns) $77,027
Large cap (>$10bn) 83.9%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 2.3%
Developed mkts 88.4%
Emerging mkts 11.6%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 3.2 %
NESTLE SA-REG 3.0 %
NOVARTIS AG-REG 2.8 %
ROYAL BANK OF CANADA 2.7 %
ALLIANZ SE-REG 2.5 %
SANOFI-AVENTIS 2.4 %
TORONTO-DOMINION BANK 2.4 %
SIEMENS AG-REG 2.1 %
BASF SE 2.0 %
BANK OF NOVA SCOTIA 2.0 %
Total 25.3 %

TOP COUNTRY EXPOSURE
CANADA 19.7 %
JAPAN 14.6 %
GERMANY 10.9 %
SWITZERLAND 9.6 %
FRANCE 7.9 %
BRITAIN 7.4 %
HONG KONG 4.4 %
TAIWAN 3.6 %
NETHERLANDS 3.3 %
AUSTRALIA 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.3% 1.4% -- -- 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.87 83%
MSCI EAFE 1.03 94%
MSCI Emg. Mkts. 0.75 79%

Technical Indicators
Recent close $54.76
30d moving avg. $55.42
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 19
Turnover 1.0%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $17,803

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares International Dividend Growth ETF ETF based on the alternatives' overlap in portfolio holdings with IGRO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IGRO Expense: 22 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IGRO
Ticker Fund
Name
Overlap1
vs IGRO
(%)
Expense
ratio
(bp)
Savings
vs IGRO
(bp)
ALTAR
Score™
(%)
ALTAR
vs IGRO
(%)
VIGI Vanguard International Dividend Appreciation ETF 34.1 20 2 5.6 -2.9
BKIE BNY Mellon International Equity ETF 31.3 4 18 7.5 -1.0
SCHF Schwab International Equity ETF 28.8 6 16 7.3 -1.1
IEV iShares Europe ETF 28.4 59 -37 7.0 -1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 28.4 20 2 7.2 -1.3
IDEV iShares Core MSCI International Developed Markets ETF 28.3 5 17 7.3 -1.2
ESGD iShares MSCI EAFE ESG Optimized ETF 28.2 20 2 7.0 -1.5
DOL WisdomTree International LargeCap Dividend Fund 28.1 48 -26 9.0 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 28.1 30 -8 6.1 -2.4
BBEU JPMorgan BetaBuilders Europe ETF 27.9 9 13 7.5 -1.0
EFA iShares MSCI EAFE ETF 27.8 32 -10 7.1 -1.4
FLEH Franklin FTSE Europe Hedged ETF 27.7 9 13 7.3 -1.2
FLEE Franklin FTSE Europe ETF 27.6 9 13 7.2 -1.3
GSID Goldman Sachs MarketBeta International Equity ETF 27.6 20 2 7.4 -1.1
PDEV Principal International Multi-Factor Core Index ETF 27.5 25 -3 8.0 -0.5
VYMI Vanguard International High Dividend Yield ETF 27.5 27 -5 10.2 +1.7
VSGX Vanguard ESG International Stock ETF 27.5 17 5 7.1 -1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 27.4 35 -13 7.0 -1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 27.3 16 6 7.0 -1.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 27.2 45 -23 6.9 -1.6
IQSI IQ Candriam ESG International Equity ETF 27.1 15 7 7.5 -1.0
IEUR iShares Core MSCI Europe ETF 26.9 9 13 7.4 -1.1
HFXI IQ 50 Percent Hedged FTSE International ETF 26.9 20 2 7.5 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 26.7 30 -8 6.9 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 26.7 4 18 7.2 -1.3
FEU SPDR Portfolio Europe ETF 26.5 9 13 7.5 -1.0
VGK Vanguard FTSE Europe ETF 26.4 8 14 7.6 -0.9
VEA Vanguard FTSE Developed Markets ETF 26.2 5 17 7.5 -1.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 26.0 20 2 11.6 +3.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 26.0 40 -18 7.1 -1.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 26.0 7 15 7.6 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 25.8 32 -10 7.3 -1.2
IEFA iShares Core MSCI EAFE ETF 25.6 7 15 7.4 -1.1
JHMD John Hancock Multifactor Developed International ETF 25.6 39 -17 7.4 -1.1
DWM WisdomTree International Equity Fund 25.5 48 -26 8.5 +0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.4 35 -13 8.8 +0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.4 25 -3 6.7 -1.8
CWI SPDR MSCI ACWI ex-US ETF 25.0 30 -8 7.2 -1.3
FIVA Fidelity International Value Factor ETF 24.9 39 -17 10.1 +1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 24.7 45 -23 9.0 +0.5
IXUS ishares Core MSCI Total International Stock ETF 24.3 9 13 7.4 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 24.3 8 14 7.6 -0.9
EFV iShares MSCI EAFE Value ETF 23.8 39 -17 9.8 +1.3
RESD WisdomTree International ESG Fund 23.8 30 -8 6.9 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.7 14 8 7.1 -1.4
IDY Pacific Global International Equity Income ETF 23.2 39 -17 8.2 -0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 23.1 48 -26 7.0 -1.5
CIL VictoryShares International Volatility Weighted Index ETF 23.1 45 -23 7.0 -1.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 23.0 45 -23 7.0 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 22.9 25 -3 8.8 +0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 22.7 35 -13 6.9 -1.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 22.7 39 -17 6.6 -1.8
EZU iShares MSCI Eurozone ETF 22.6 49 -27 6.8 -1.7
IDHQ Invesco S&P International Developed Quality ETF 22.5 29 -7 5.1 -3.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 22.5 25 -3 6.6 -1.9
EURZ Xtrackers Eurozone Equity ETF 22.4 9 13 7.2 -1.3
VXUS Vanguard Total International Stock Index Fund 21.9 8 14 7.6 -0.9
EFG iShares MSCI EAFE Growth ETF 21.7 40 -18 4.6 -3.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.6 45 -23 6.9 -1.6
VGFO Virtus WMC Global Factor Opportunities ETF 21.4 49 -27 8.2 -0.3
ISDX Invesco Strategic Developed ex-US ETF 21.4 23 -1 7.5 -1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 21.1 12 10 7.0 -1.5
IQIN IQ 500 International ETF 21.0 25 -3 8.8 +0.3
FEZ SPDR EURO STOXX 50 ETF 20.7 29 -7 7.0 -1.5
FDEV Fidelity Targeted International Factor ETF 20.5 39 -17 6.6 -1.9
AVDE Avantis International Equity ETF 20.2 23 -1 7.7 -0.8
TPIF Timothy Plan International ETF 19.3 62 -40 6.4 -2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 19.3 39 -17 8.4 -0.1
IQDF FlexShares International Quality Dividend Index Fund 19.2 47 -25 9.2 +0.7
BBCA JPMorgan BetaBuilders Canada ETF 19.2 19 3 7.1 -1.4
QCAN SPDR MSCI Canada Quality Mix ETF 19.0 14 8 7.1 -1.4
EWC iShares MSCI Canada ETF 19.0 49 -27 6.9 -1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.7 29 -7 7.8 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 18.7 32 -10 6.1 -2.4
ISZE iShares Edge MSCI Intl Size Factor ETF 18.6 30 -8 7.3 -1.2
FLCA Franklin FTSE Canada ETF 18.4 9 13 7.3 -1.1
IVLU iShares Edge MSCI Intl Value Factor ETF 18.3 30 -8 11.7 +3.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.2 47 -25 9.4 +0.9
RNDM Developed International Equity Select ETF 17.9 65 -43 6.3 -2.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.8 20 2 5.4 -3.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 17.4 24 -2 7.0 -1.5
NUDM Nuveen ESG International Developed Markets Equity ETF 17.4 40 -18 6.9 -1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.2 30 -8 4.5 -4.0
HEDJ WisdomTree Europe Hedged Equity Fund 17.1 58 -36 7.0 -1.5
RBIN Nationwide Risk-Based International Equity ETF 16.5 42 -20 6.1 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 16.4 83 -61 5.8 -2.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 16.2 47 -25 9.2 +0.7
PID Invesco International Dividend Achievers ETF 16.0 53 -31 9.8 +1.3
RFEU First Trust Riverfront Dynamic Europe ETF 15.9 83 -61 6.0 -2.5
IPAC iShares Core MSCI Pacific ETF 15.7 9 13 7.2 -1.3
LVHI Legg Mason International Low Volatility High Dividend ETF 15.3 40 -18 9.5 +1.1
SCID Global X Scientific Beta Europe ETF 15.3 39 -17 0.0 -8.5
DTH WisdomTree DEFA Equity Income Fund 15.1 58 -36 10.1 +1.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 15.0 20 2 9.9 +1.4
QINT American Century Quality Diversified International ETF 14.2 39 -17 6.2 -2.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.9 29 -7 7.9 -0.6
VPL Vanguard FTSE Pacific ETF 13.8 8 14 7.4 -1.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.8 80 -58 6.7 -1.8
IXG iShares Global Financials ETF 13.6 46 -24 10.0 +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 International Dividend Growth 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 12.6 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 22 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.57
 
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.