iShares Edge MSCI Intl Size Factor ETF
ALTAR
Score™
6.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
28.0x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI International Developed Size Factor ETF tracks an index of large- and midcap equities in developed markets outside the US. Stocks are selected by market cap and weighted inversely to price volatility.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 16, 2015
Assets (mns) $30
Currency USD
Expense ratio 30 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Volatility
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 945
Wgt avg mkt cap (mns) $22,438
Large cap (>$10bn) 57.2%
Mid cap ($2-10bn) 40.7%
Small cap (<$2bn) 0.3%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
RESEARCH IN MOTION 0.3 %
LASERTEC CORP. 0.2 %
NIDEC CORP 0.2 %
HOYA CORP 0.2 %
SYSMEX CORP 0.2 %
DAIFUKU CO LTD 0.2 %
SHIMAMURA CO LTD 0.2 %
ROHM CO LTD 0.2 %
UNILEVER PLC 0.2 %
RINNAI CORP 0.2 %
Total 2.1 %

TOP COUNTRY EXPOSURE
JAPAN 31.8 %
CANADA 9.2 %
BRITAIN 9.0 %
FRANCE 6.7 %
AUSTRALIA 6.6 %
GERMANY 6.2 %
SWITZERLAND 4.0 %
SWEDEN 3.5 %
HONG KONG 3.3 %
NETHERLANDS 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.1% 6.1% 7.8% -- 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.95 85%
MSCI EAFE 1.02 96%
MSCI Emg. Mkts. 0.77 71%

Technical Indicators
Recent close $30.17
30d moving avg. $29.54
Annualized volatility 19.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.5%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $69,657

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 potential alternatives to the iShares Edge MSCI Intl Size Factor ETF ETF based on the alternatives' overlap in portfolio holdings with ISZE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ISZE Expense: 30 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ISZE
Ticker Fund
Name
Overlap1
vs ISZE
(%)
Expense
ratio
(bp)
Savings
vs ISZE
(bp)
ALTAR
Score™
(%)
ALTAR
vs ISZE
(%)
DFAI Dimensional International Core Equity Market ETF 71.2 18 12 6.4 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 56.1 25 5 6.0 -0.3
EFA iShares MSCI EAFE ETF 52.0 32 -2 6.2 -0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 51.1 35 -5 6.1 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 50.5 20 10 6.4 +0.1
JHMD John Hancock Multifactor Developed International ETF 50.4 39 -9 6.6 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 49.6 5 25 6.5 +0.2
SCHF Schwab International Equity ETF 49.4 6 24 6.5 +0.3
HFXI IQ 50 Percent Hedged FTSE International ETF 49.4 20 10 6.4 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 49.0 4 26 6.2 -0.0
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 48.2 24 6 6.5 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 47.9 20 10 6.3 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 47.7 7 23 6.5 +0.3
IEFA iShares Core MSCI EAFE ETF 47.6 7 23 6.5 +0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 47.6 20 10 6.2 -0.1
VEA Vanguard FTSE Developed Markets ETF 47.2 5 25 6.6 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 46.2 29 1 7.1 +0.8
CIL VictoryShares International Volatility Weighted Index ETF 46.1 45 -15 6.4 +0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 46.1 45 -15 6.3 +0.1
QEFA SPDR MSCI EAFE Quality Mix ETF 45.8 30 0 6.0 -0.3
PDEV Principal International Multi-Factor Core Index ETF 45.6 25 5 7.1 +0.8
BKIE BNY Mellon International Equity ETF 45.5 4 26 6.5 +0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 45.0 45 -15 7.6 +1.4
AVDE Avantis International Equity ETF 44.3 23 7 6.9 +0.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 44.2 39 -9 5.6 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 44.0 25 5 7.7 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 43.6 32 -2 6.3 +0.1
DMXF iShares ESG Advanced MSCI EAFE ETF 43.1 12 18 6.2 -0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 42.6 40 -10 6.1 -0.2
VSGX Vanguard ESG International Stock ETF 42.1 17 13 6.3 +0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 41.2 45 -15 6.1 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 40.7 8 22 6.7 +0.4
EFV iShares MSCI EAFE Value ETF 40.4 39 -9 8.4 +2.1
IQSI IQ Candriam ESG International Equity ETF 40.3 15 15 6.4 +0.1
IQIN IQ 500 International ETF 39.5 25 5 7.6 +1.4
IXUS ishares Core MSCI Total International Stock ETF 39.3 9 21 6.4 +0.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 38.8 39 -9 7.4 +1.2
CWI SPDR MSCI ACWI ex-US ETF 37.8 30 0 6.2 -0.1
ISDX Invesco RAFI Strategic Developed ex-US ETF 36.8 23 7 6.3 +0.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 36.7 35 -5 5.9 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 35.8 40 -10 7.2 +1.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 35.4 45 -15 6.0 -0.3
TPIF Timothy Plan International ETF 35.4 62 -32 6.1 -0.2
DWM WisdomTree International Equity Fund 34.8 48 -18 7.2 +0.9
FLEE Franklin FTSE Europe ETF 34.8 9 21 6.4 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 34.6 25 5 5.9 -0.4
FLEH Franklin FTSE Europe Hedged ETF 34.6 9 21 6.5 +0.2
IPAC iShares Core MSCI Pacific ETF 34.5 9 21 6.3 +0.1
IEUR iShares Core MSCI Europe ETF 34.3 9 21 6.6 +0.3
VXUS Vanguard Total International Stock ETF 34.3 8 22 6.6 +0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 34.0 14 16 6.1 -0.2
VGK Vanguard FTSE Europe ETF 34.0 8 22 6.7 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 34.0 9 21 6.6 +0.4
EFG iShares MSCI EAFE Growth ETF 33.8 40 -10 4.1 -2.2
SPEU SPDR Portfolio Europe ETF 33.7 9 21 6.7 +0.5
QINT American Century Quality Diversified International ETF 33.1 39 -9 5.7 -0.6
IEV iShares Europe ETF 31.9 59 -29 6.2 -0.0
EWJE iShares MSCI Japan Equal Weighted ETF 31.8 15 15 6.4 +0.2
VPL Vanguard FTSE Pacific ETF 30.7 8 22 6.4 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 30.5 29 1 7.3 +1.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 30.5 16 14 6.0 -0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 30.1 35 -5 7.7 +1.5
IVLU iShares Edge MSCI Intl Value Factor ETF 30.0 30 0 9.9 +3.7
JPIN JPMorgan Diversified Return International Equity ETF 30.0 37 -7 7.1 +0.8
RESD WisdomTree International ESG Fund 29.2 30 0 6.5 +0.2
RNDM First Trust Developed International Equity Select ETF 29.2 65 -35 5.7 -0.6
EWJ iShares MSCI Japan ETF 28.4 51 -21 6.1 -0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 28.2 45 -15 6.1 -0.2
BBJP JPMorgan BetaBuilders Japan ETF 28.0 19 11 6.4 +0.2
DIM WisdomTree International MidCap Dividend Fund 27.4 58 -28 7.1 +0.8
FLJP Franklin FTSE Japan ETF 27.3 9 21 6.6 +0.3
FLJH Franklin FTSE Japan Hedged ETF 27.2 9 21 6.5 +0.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 27.2 30 0 5.2 -1.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 27.1 25 5 6.2 -0.0
ZJPN SPDR Solactive Japan ETF 26.9 14 16 6.5 +0.3
QWLD SPDR MSCI World StrategicFactors ETF 26.8 30 0 5.4 -0.9
URTH iShares MSCI World ETF 26.8 24 6 5.0 -1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.7 30 0 4.1 -2.2
VYMI Vanguard International High Dividend Yield ETF 25.8 27 3 9.0 +2.8
JPXN iShares JPX-Nikkei 400 ETF 24.7 48 -18 6.2 -0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 24.7 9 21 6.6 +0.4
ACWI iShares MSCI ACWI ETF 24.0 32 -2 5.1 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 23.7 20 10 5.3 -1.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.7 20 10 5.0 -1.3
DOL WisdomTree International LargeCap Dividend Fund 23.2 48 -18 7.2 +0.9
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.2 42 -12 4.6 -1.7
LOWC SPDR MSCI ACWI Low Carbon Target ETF 23.0 20 10 5.3 -0.9
EZU iShares MSCI Eurozone ETF 22.7 51 -21 6.0 -0.3
TOK iShares MSCI Kokusai ETF 22.1 25 5 4.9 -1.4
RBIN Nationwide Risk-Based International Equity ETF 21.9 42 -12 6.0 -0.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.9 45 -15 6.0 -0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 21.7 9 21 5.0 -1.2
VT Vanguard Total World Stock ETF 21.5 8 22 5.4 -0.9
EURZ Xtrackers Eurozone Equity ETF 21.5 9 21 6.5 +0.2
EWJV iShares MSCI Japan Value ETF 20.3 15 15 8.9 +2.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 20.0 9 21 5.1 -1.2

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 Edge MSCI Intl Size Factor 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 8.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.54
 
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.