iShares S&P 500 Value ETF
ALTAR
Score™
9.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.5x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P 500 Value Index Fund seeks investment results that correspond to the price and yield performance of U.S. large-cap value stocks as represented by the S&P 500/Citigroup Value Index, based on a multifactor methodology.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 26, 2000
Assets (mns) $13,579
Currency USD
Expense ratio 18 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 395
Wgt avg mkt cap (mns) $115,844
Large cap (>$10bn) 93.6%
Mid cap ($2-10bn) 6.3%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 3.8 %
UNITEDHEALTH GROUP INC 2.5 %
VERIZON COMMUNICATIONS INC 2.4 %
AT&T INC 2.3 %
JOHNSON & JOHNSON 2.1 %
PFIZER INC 1.9 %
BANK OF AMERICA CORP 1.8 %
CISCO SYSTEMS INC 1.8 %
WAL-MART STORES INC 1.7 %
EXXON MOBIL CORP 1.7 %
Total 22.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
IRELAND 3.3 %
BRITAIN 1.0 %
SWITZERLAND 0.7 %
BERMUDA 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.
-25.4% -12.4% 3.3% 8.0% 4.7%

Market Correlations
versus... Beta R-squared
S&P500 1.08 94%
MSCI EAFE 1.03 84%
MSCI Emg. Mkts. 0.77 69%

Technical Indicators
Recent close $94.17
30d moving avg. $105.81
Annualized volatility 16.9%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.4%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 3,187
Turnover 2.2%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $160,878

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares S&P 500 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IVE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IVE Expense: 18 bp ALTAR Score™: 9.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVE
Ticker Fund
Name
Overlap1
vs IVE
(%)
Expense
ratio
(bp)
Savings
vs IVE
(bp)
ALTAR
Score™
(%)
ALTAR
vs IVE
(%)
SPYV SPDR Portfolio S&P 500 Value ETF 99.1 4 14 9.2 +0.1
VOOV Vanguard S&P 500 Value ETF 98.4 15 3 9.2 +0.1
IUSV iShares Core S&P U.S. Value ETF 93.7 4 14 9.4 +0.3
VTV Vanguard Value Index Fund 76.0 4 14 9.1 +0.0
VONV Vanguard Russell 1000 Value Index Fund 72.1 8 10 9.3 +0.2
IWD iShares Russell 1000 Value ETF 71.2 19 -1 9.1 +0.1
MGV Vanguard Mega Cap Value ETF 69.8 7 11 8.8 -0.3
PRF Invesco FTSE RAFI US 1000 ETF 68.1 39 -21 9.2 +0.1
SCHV Schwab U.S. Large-Cap Value ETF 67.4 4 14 9.0 -0.1
FNDX Schwab Fundamental U.S. Large Co. Index ETF 66.4 25 -7 8.3 -0.8
SPXT ProShares S&P 500 Ex-Technology ETF 65.6 27 -9 7.3 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 65.3 28 -10 8.0 -1.1
DTD WisdomTree U.S.Total Dividend Fund 64.7 28 -10 8.5 -0.6
HSPX Global X S&P 500 Covered Call ETF 63.2 65 -47 6.2 -2.9
VLU SPDR S&P 1500 Value Tilt ETF 63.1 12 6 9.6 +0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 63.1 25 -7 8.4 -0.7
PBP Invesco S&P 500 BuyWrite ETF 63.0 49 -31 6.5 -2.6
EPS WisdomTree U.S. Earnings 500 Fund 62.0 8 10 8.5 -0.6
IWX iShares Russell Top 200 Value ETF 61.4 20 -2 8.7 -0.4
SPY SPDR S&P 500 ETF Trust 59.7 9 9 7.1 -2.0
SPLG SPDR Portfolio Large Cap ETF 59.6 3 15 7.1 -2.0
IVV iShares Core S&P 500 ETF 59.6 4 14 7.1 -2.0
VOO VANGUARD S&P 500 ETF 59.2 3 15 7.1 -2.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 58.7 20 -2 7.1 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 58.3 27 -9 7.0 -2.1
RWL Invesco S&P 500 Revenue ETF 58.2 39 -21 9.2 +0.1
VV Vanguard Large-Cap Index Fund 57.7 4 14 7.0 -2.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 57.1 2 16 7.1 -2.0
DIVB iShares U.S. Dividend & Buyback ETF 56.8 25 -7 8.8 -0.3
DGRO iShares Core Dividend Growth ETF 56.6 8 10 8.4 -0.7
IUS Invesco Strategic US ETF 56.3 19 -1 7.9 -1.2
PBUS Invesco PureBeta MSCI USA ETF 56.1 4 14 7.2 -1.9
SCHX Schwab U.S. Large-Cap ETF 56.1 3 15 7.0 -2.1
VYM Vanguard High Dividend Yield Index ETF 56.0 6 12 8.9 -0.2
SPTM SPDR Portfolio Total Stock Market ETF 55.8 3 15 7.3 -1.8
JHML John Hancock Multifactor Large Cap ETF 55.8 34 -16 7.5 -1.6
MGC Vanguard Mega Cap Index Fund 55.3 7 11 6.8 -2.3
VONE Vanguard Russell 1000 ETF 55.0 8 10 7.0 -2.1
IWB iShares Russell 1000 ETF 54.9 15 3 7.0 -2.1
USDY Pacific Global US Equity Income ETF 54.7 29 -11 10.5 +1.5
SCHK Schwab 1000 Index ETF 54.6 5 13 7.0 -2.1
IYY iShares Dow Jones U.S. ETF 54.2 20 -2 6.9 -2.2
IWL iShares Russell Top 200 ETF 53.7 15 3 6.6 -2.5
SNPE Xtrackers S&P 500 ESG ETF 53.2 11 7 6.8 -2.2
SPXN ProShares S&P 500 Ex-Financials ETF 52.4 27 -9 6.6 -2.5
SPXV ProShares S&P 500 Ex-Health Care ETF 52.3 27 -9 6.8 -2.3
SCHB Schwab U.S. Broad Market ETF 52.2 3 15 7.0 -2.1
CATH Global X S&P 500 Catholic Values Custom ETF 52.2 29 -11 7.0 -2.1
VTHR Vanguard Russell 3000 Index Fund 52.2 10 8 6.9 -2.1
QUS SPDR MSCI USA StrategicFactors ETF 52.2 15 3 7.3 -1.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 52.1 3 15 7.0 -2.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.1 20 -2 6.6 -2.5
IWV iShares Russell 3000 ETF 52.0 20 -2 6.9 -2.2
VTI Vanguard Total Stock Market Index Fund 51.9 3 15 7.0 -2.1
RAFE PIMCO RAFI ESG U.S. ETF 51.1 29 -11 10.3 +1.2
SFY SoFi Select 500 ETF 50.2 0 18 6.7 -2.4
ESG FlexShares STOXX US ESG Impact Index Fund 49.2 32 -14 6.8 -2.3
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 49.0 9 9 7.3 -1.8
RSP Invesco S&P 500 Equal Weight ETF 48.8 20 -2 8.8 -0.3
OEF iShares S&P 100 ETF 48.4 20 -2 6.3 -2.8
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 47.6 25 -7 8.6 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 46.9 15 3 6.7 -2.4
EQWL Invesco Russell Top 200 Equal Weight ETF 46.8 25 -7 7.5 -1.5
RNLC Large Cap US Equity Select ETF 46.6 60 -42 8.2 -0.9
DYNF BlackRock U.S. Equity Factor Rotation ETF 46.5 30 -12 8.1 -1.0
ESGV Vanguard ESG U.S. Stock ETF 46.1 12 6 7.0 -2.1
AVUS Avantis U.S. Equity ETF 45.6 15 3 8.0 -1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 45.5 9 9 8.1 -1.0
IQSU IQ Candriam ESG US Equity ETF 45.3 9 9 6.7 -2.4
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 45.2 29 -11 8.2 -0.9
ROUS Hartford Multifactor US Equity ETF 44.5 19 -1 9.2 +0.1
OUSA O'Shares FTSE US Quality Dividend ETF 44.5 48 -30 7.0 -2.1
JKF iShares Morningstar Large Cap Value ETF 44.1 25 -7 9.5 +0.4
FDRR Fidelity Dividend ETF for Rising Rates 43.5 29 -11 9.6 +0.5
JVAL JPMorgan U.S. Value Factor ETF 43.0 12 6 11.9 +2.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 42.9 12 6 6.7 -2.4
EUSA iShares MSCI USA Equal Weighted ETF 42.6 15 3 8.4 -0.7
RECS Columbia Research Enhanced Core ETF 42.0 15 3 7.5 -1.6
SIZE iShares Edge MSCI USA Size Factor ETF 41.4 15 3 8.3 -0.8
SUSL iShares ESG MSCI USA Leaders ETF 41.3 10 8 6.9 -2.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 41.2 10 8 6.9 -2.1
TOK iShares MSCI Kokusai ETF 41.1 25 -7 7.3 -1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 40.9 75 -57 6.2 -2.9
SCIU Global X Scientific Beta US ETF 40.9 19 -1 7.6 -1.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 40.9 17 1 9.0 -0.1
JPUS JPMorgan Diversified Return U.S. Equity ETF 40.6 19 -1 8.3 -0.8
RBUS Nationwide Risk-Based U.S. Equity ETF 40.3 30 -12 7.2 -1.9
PFM Invesco Dividend Achievers ETF 40.0 54 -36 6.4 -2.7
NACP Impact Shares NAACP Minority Empowerment ETF 40.0 75 -57 6.2 -2.9
USMV iShares Edge MSCI Min Vol USA ETF 39.8 15 3 6.8 -2.3
DSI iShares MSCI KLD 400 Social ETF 39.8 25 -7 6.7 -2.4
XLG Invesco S&P 500 Top 50 ETF 39.1 20 -2 5.9 -3.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 39.0 12 6 6.3 -2.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 38.8 34 -16 6.8 -2.3
AFLG First Trust Active Factor Large Cap ETF 38.7 55 -37 7.7 -1.4
REVS Columbia Research Enhanced Value ETF 38.4 19 -1 9.9 +0.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 38.4 15 3 8.9 -0.2
EXT WisdomTree U.S. Total Earnings Fund 37.9 28 -10 7.7 -1.4
CFA Victory CEMP US 500 Volatility Weighted Index ETF 37.8 35 -17 8.1 -1.0
URTH iShares MSCI World ETF 37.7 24 -6 7.5 -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 S&P 500 Value 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 14.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 18 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.