iShares Edge MSCI Intl Size Factor ETF
ALTAR
Score™
6.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.6x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
2.7%


  • 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 18, 2015
Assets (mns) $20
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 978
Wgt avg mkt cap (mns) $18,732
Large cap (>$10bn) 48.8%
Mid cap ($2-10bn) 50.1%
Small cap (<$2bn) 0.9%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
CHUGAI PHARMACEUTICAL CO LTD 0.3 %
SHOPIFY, INC. CLASS A 0.3 %
SHIN-ETSU CHEMICAL CO LTD 0.2 %
ORACLE CORP JAPAN 0.2 %
GMO PAYMENT GATEWAY, INC. 0.2 %
DELIVERY HERO SE 0.2 %
HERMES INTERNATIONAL 0.2 %
GIVAUDAN-REG 0.2 %
TOYO SUISAN KAISHA LTD 0.2 %
KINROSS GOLD CORP 0.2 %
Total 2.4 %

TOP COUNTRY EXPOSURE
JAPAN 34.2 %
CANADA 8.4 %
BRITAIN 8.3 %
FRANCE 6.8 %
AUSTRALIA 6.3 %
GERMANY 5.7 %
SWITZERLAND 4.0 %
HONG KONG 3.6 %
SWEDEN 3.0 %
NETHERLANDS 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.0% -3.7% -- -- 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.90 85%
MSCI EAFE 1.03 96%
MSCI Emg. Mkts. 0.76 80%

Technical Indicators
Recent close $25.08
30d moving avg. $22.80
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 16
Turnover 2.0%
Bid/Ask (% of price) 0.36%
ADV underlying (mns) $64,507

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.9%


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
(%)
GSIE Goldman Sachs ActiveBeta International Equity ETF 54.8 25 5 6.8 -0.1
EFA iShares MSCI EAFE ETF 51.3 32 -2 7.2 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 50.5 35 -5 7.0 +0.1
SPDW SPDR Portfolio Developed World ex-US ETF 50.1 4 26 7.2 +0.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 50.1 20 10 7.3 +0.3
SCHF Schwab International Equity ETF 49.9 6 24 7.4 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 49.8 5 25 7.3 +0.3
JHMD John Hancock Multifactor Developed International ETF 49.2 45 -15 7.4 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 49.0 20 10 7.5 +0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 48.3 29 1 8.1 +1.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 47.9 24 6 7.2 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 47.9 45 -15 6.7 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 47.4 7 23 7.6 +0.6
IEFA iShares Core MSCI EAFE ETF 47.3 7 23 7.3 +0.4
VEA Vanguard FTSE Developed Markets ETF 46.9 5 25 7.4 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 45.4 39 -9 6.7 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 45.0 32 -2 7.5 +0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 44.8 45 -15 8.8 +1.9
FNDF Schwab Fundamental International Large Co. Index ETF 44.6 25 5 8.7 +1.7
PDEV Principal International Multi-Factor Core Index ETF 44.5 25 5 7.9 +0.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 44.5 45 -15 7.2 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 44.3 30 0 6.8 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 43.7 40 -10 7.4 +0.5
ESGD iShares MSCI EAFE ESG Optimized ETF 42.5 20 10 7.2 +0.2
AVDE Avantis International Equity ETF 42.0 23 7 7.9 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 41.6 8 22 7.7 +0.8
IXUS ishares Core MSCI Total International Stock ETF 40.6 9 21 7.6 +0.6
EFG iShares MSCI EAFE Growth ETF 40.0 40 -10 4.7 -2.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 39.8 45 -15 6.9 -0.1
VXUS Vanguard Total International Stock Index Fund 39.6 8 22 7.7 +0.8
VSGX Vanguard ESG International Stock ETF 38.6 17 13 7.4 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 38.6 35 -5 8.6 +1.7
DWM WisdomTree International Equity Fund 38.1 48 -18 8.2 +1.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 38.0 39 -9 9.1 +2.1
CWI SPDR MSCI ACWI ex-US ETF 37.8 30 0 7.6 +0.7
IQIN IQ 500 International ETF 37.8 25 5 9.0 +2.0
IQSI IQ Candriam ESG International Equity ETF 37.5 15 15 7.3 +0.4
DIM WisdomTree International MidCap Dividend Fund 35.3 58 -28 7.6 +0.7
IPAC iShares Core MSCI Pacific ETF 34.7 9 21 7.5 +0.5
ISDX Invesco Strategic Developed ex-US ETF 34.3 23 7 7.4 +0.5
EWJE iShares MSCI Japan Equal Weighted ETF 34.2 15 15 7.1 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 34.2 14 16 7.0 +0.1
TPIF Timothy Plan International ETF 34.2 62 -32 7.0 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 33.6 25 5 6.7 -0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 33.3 45 -15 6.8 -0.2
EFV iShares MSCI EAFE Value ETF 33.2 39 -9 10.0 +3.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 32.8 30 0 6.8 -0.1
FLEE Franklin FTSE Europe ETF 32.8 9 21 7.0 +0.1
FLEH Franklin FTSE Europe Hedged ETF 32.7 9 21 7.2 +0.2
IEUR iShares Core MSCI Europe ETF 32.6 9 21 7.3 +0.3
BBEU JPMorgan BetaBuilders Europe ETF 32.5 9 21 7.3 +0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 32.4 16 14 7.1 +0.2
VPL Vanguard FTSE Pacific ETF 32.3 8 22 7.8 +0.9
QINT American Century Quality Diversified International ETF 32.1 39 -9 5.9 -1.0
JPGE JPMorgan Diversified Return Global Equity ETF 32.1 29 1 7.3 +0.4
SCID Global X Scientific Beta Europe ETF 32.0 38 -8 6.9 -0.1
FEU SPDR Portfolio Europe ETF 31.6 9 21 7.3 +0.3
VGK Vanguard FTSE Europe ETF 31.5 8 22 7.3 +0.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 31.1 35 -5 8.6 +1.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 30.7 30 0 5.0 -2.0
IEV iShares Europe ETF 30.1 59 -29 6.8 -0.1
IDY Pacific Global International Equity Income ETF 30.0 39 -9 8.0 +1.1
EWJ iShares MSCI Japan ETF 29.9 49 -19 7.4 +0.5
BBJP JPMorgan BetaBuilders Japan ETF 29.8 19 11 7.7 +0.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 29.6 48 -18 0.0 -6.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 29.6 25 5 7.6 +0.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 29.5 29 1 8.6 +1.7
DBJP Xtrackers MSCI Japan Hedged Equity ETF 29.4 45 -15 7.4 +0.4
JPIN JPMorgan Diversified Return International Equity ETF 29.3 38 -8 8.0 +1.0
RNDM Developed International Equity Select ETF 28.8 65 -35 6.4 -0.6
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 28.4 30 0 7.6 +0.6
FLJP Franklin FTSE Japan ETF 28.4 9 21 7.8 +0.9
FLJH Franklin FTSE Japan Hedged ETF 28.1 9 21 7.7 +0.8
QJPN SPDR MSCI Japan StrategicFactors ETF 27.9 14 16 8.0 +1.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 26.7 30 0 6.2 -0.7
JPEU JPMorgan Diversified Return Europe Equity ETF 26.6 37 -7 6.8 -0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 26.4 20 10 5.9 -1.1
URTH iShares MSCI World ETF 26.4 24 6 5.8 -1.2
JPXN iShares JPX-Nikkei 400 ETF 26.1 48 -18 7.5 +0.6
QWLD SPDR MSCI World StrategicFactors ETF 26.1 30 0 6.0 -0.9
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 25.8 9 21 7.9 +1.0
IVLU iShares Edge MSCI Intl Value Factor ETF 25.1 30 0 11.3 +4.3
VYMI Vanguard International High Dividend Yield ETF 24.5 32 -2 10.1 +3.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 24.2 20 10 6.3 -0.6
ACWI iShares MSCI ACWI ETF 24.0 32 -2 6.0 -0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 23.5 20 10 6.4 -0.6
SCIJ Global X Scientific Beta Japan ETF 23.4 39 -9 7.2 +0.2
RBIN Nationwide Risk-Based International Equity ETF 22.8 42 -12 6.5 -0.5
DOL WisdomTree International LargeCap Dividend Fund 22.7 48 -18 8.5 +1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.0 42 -12 5.6 -1.4
EZU iShares MSCI Eurozone ETF 21.9 49 -19 6.7 -0.2
VT Vanguard Total World Stock Index Fund 21.7 8 22 6.3 -0.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 21.4 9 21 6.2 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 21.2 45 -15 6.8 -0.2
IGRO iShares International Dividend Growth ETF 20.9 22 8 8.0 +1.1
TOK iShares MSCI Kokusai ETF 20.8 25 5 5.7 -1.2
DWMF WisdomTree International Multifactor Fund 20.7 38 -8 6.8 -0.1
FDT First Trust Developed Markets ex-US Alphadex Fund 20.3 80 -50 7.8 +0.8
EURZ Xtrackers Eurozone Equity ETF 20.2 9 21 7.0 +0.1

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:

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 9.0 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 CATEGORY
AVERAGE
1.59
 
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.