iShares Edge MSCI Intl Value Factor ETF
ALTAR
Score™
10.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
15.1x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI International Developed Value Factor ETF tracks an index of large- and midcap developed ex-US equities, selected using fundamental metrics, and weighted by these metrics and market cap.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 16, 2015
Assets (mns) $606
Currency USD
Expense ratio 30 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 352
Wgt avg mkt cap (mns) $54,231
Large cap (>$10bn) 86.0%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVARTIS AG-REG 3.0 %
BRITISH AMERICAN TOBACCO PLC 3.0 %
TOYOTA MOTOR CORP 2.2 %
SANOFI-AVENTIS 2.2 %
BAYER AG 1.9 %
HITACHI LTD 1.9 %
RIO TINTO PLC 1.3 %
ITOCHU CORP 1.3 %
BNP PARIBAS 1.3 %
MITSUBISHI UFJ FINANCIAL GRO 1.3 %
Total 19.4 %

TOP COUNTRY EXPOSURE
JAPAN 38.1 %
BRITAIN 16.3 %
FRANCE 10.7 %
GERMANY 8.7 %
SWITZERLAND 4.8 %
CANADA 2.8 %
SPAIN 2.7 %
ITALY 2.7 %
HONG KONG 2.7 %
NETHERLANDS 2.2 %

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.
-4.5% -4.5% 3.6% -- 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.94 74%
MSCI EAFE 1.06 94%
MSCI Emg. Mkts. 0.80 69%

Technical Indicators
Recent close $23.59
30d moving avg. $23.22
Annualized volatility 20.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 117
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $27,203

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IVLU Expense: 30 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IVLU
Ticker Fund
Name
Overlap1
vs IVLU
(%)
Expense
ratio
(bp)
Savings
vs IVLU
(bp)
ALTAR
Score™
(%)
ALTAR
vs IVLU
(%)
DFAI Dimensional International Core Equity Market ETF 72.2 18 12 6.4 -3.7
EFV iShares MSCI EAFE Value ETF 55.3 39 -9 8.4 -1.6
FNDF Schwab Fundamental International Large Co. Index ETF 45.9 25 5 7.7 -2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 45.0 45 -15 7.7 -2.4
IQIN IQ 500 International ETF 44.9 25 5 7.7 -2.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 37.3 23 7 6.3 -3.7
JHMD John Hancock Multifactor Developed International ETF 36.6 39 -9 6.6 -3.5
EFA iShares MSCI EAFE ETF 35.1 32 -2 6.2 -3.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 34.9 35 -5 7.7 -2.3
VYMI Vanguard International High Dividend Yield ETF 34.6 27 3 9.0 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 34.4 35 -5 6.1 -4.0
GSID Goldman Sachs MarketBeta International Equity ETF 34.3 20 10 6.3 -3.7
EWJ iShares MSCI Japan ETF 33.9 51 -21 6.0 -4.0
EWJV iShares MSCI Japan Value ETF 33.9 15 15 8.9 -1.1
FIVA Fidelity International Value Factor ETF 33.5 39 -9 8.8 -1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 33.4 45 -15 6.1 -4.0
PDEV Principal International Multi-Factor Core Index ETF 33.3 25 5 7.1 -3.0
ZJPN SPDR Solactive Japan ETF 33.3 14 16 6.5 -3.6
HFXI IQ 50 Percent Hedged FTSE International ETF 33.1 20 10 6.4 -3.6
BBJP JPMorgan BetaBuilders Japan ETF 33.1 19 11 6.4 -3.7
ESGD iShares MSCI EAFE ESG Optimized ETF 32.8 20 10 6.2 -3.9
DTH WisdomTree International High Dividend Fund 32.8 58 -28 8.8 -1.3
FLJP Franklin FTSE Japan ETF 32.6 9 21 6.5 -3.5
BKIE BNY Mellon International Equity ETF 32.5 4 26 6.6 -3.5
FLJH Franklin FTSE Japan Hedged ETF 32.5 9 21 6.5 -3.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 31.9 35 -5 6.0 -4.1
DOL WisdomTree International LargeCap Dividend Fund 31.8 48 -18 7.2 -2.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.6 40 -10 7.2 -2.8
IEV iShares Europe ETF 31.6 59 -29 6.3 -3.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 31.5 20 10 6.4 -3.7
QEFA SPDR MSCI EAFE Quality Mix ETF 31.4 30 0 6.0 -4.1
DWM WisdomTree International Equity Fund 31.4 48 -18 7.2 -2.9
IQSI IQ Candriam ESG International Equity ETF 31.4 15 15 6.4 -3.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.4 29 1 7.1 -3.0
JPXN iShares JPX-Nikkei 400 ETF 31.3 48 -18 6.2 -3.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 31.3 7 23 6.5 -3.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 31.1 9 21 6.6 -3.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.9 45 -15 6.0 -4.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 30.8 25 5 6.2 -3.8
BBEU JPMorgan BetaBuilders Europe ETF 30.7 9 21 6.7 -3.4
FLEE Franklin FTSE Europe ETF 30.0 9 21 6.5 -3.6
IEFA iShares Core MSCI EAFE ETF 30.0 7 23 6.5 -3.6
ISZE iShares Edge MSCI Intl Size Factor ETF 30.0 30 0 6.3 -3.7
FLEH Franklin FTSE Europe Hedged ETF 29.9 9 21 6.5 -3.5
SCHF Schwab International Equity ETF 29.6 6 24 6.5 -3.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 29.5 25 5 6.0 -4.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 28.9 20 10 8.4 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 28.4 5 25 6.5 -3.6
IEUR iShares Core MSCI Europe ETF 28.0 9 21 6.6 -3.4
IPAC iShares Core MSCI Pacific ETF 28.0 9 21 6.3 -3.8
VGK Vanguard FTSE Europe ETF 28.0 8 22 6.8 -3.3
SPDW SPDR Portfolio Developed World ex-US ETF 27.4 4 26 6.2 -3.8
EZU iShares MSCI Eurozone ETF 26.8 51 -21 6.0 -4.0
SPEU SPDR Portfolio Europe ETF 26.8 9 21 6.8 -3.2
DXJ WisdomTree Japan Hedged Equity Fund 26.6 48 -18 7.4 -2.7
VEA Vanguard FTSE Developed Markets ETF 26.3 5 25 6.6 -3.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 26.0 39 -9 5.6 -4.5
EURZ Xtrackers Eurozone Equity ETF 25.8 9 21 6.6 -3.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 25.6 25 5 5.9 -4.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 25.5 20 10 9.4 -0.6
EWJE iShares MSCI Japan Equal Weighted ETF 25.1 15 15 6.4 -3.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.1 45 -15 6.0 -4.0
VPL Vanguard FTSE Pacific ETF 24.5 8 22 6.4 -3.7
RESD WisdomTree International ESG Fund 24.2 30 0 6.5 -3.6
DOO WisdomTree International Dividend ex-Financials Fund 24.1 58 -28 7.7 -2.4
VWID Virtus WMC International Dividend ETF 23.9 49 -19 7.4 -2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 23.8 14 16 6.1 -3.9
CWI SPDR MSCI ACWI ex-US ETF 23.6 30 0 6.2 -3.9
CIL VictoryShares International Volatility Weighted Index ETF 23.1 45 -15 6.4 -3.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 23.1 45 -15 6.4 -3.7
DGT SPDR Global Dow ETF 22.8 50 -20 6.3 -3.7
ACWX iShares MSCI ACWI ex U.S. ETF 22.6 32 -2 6.3 -3.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.2 40 -10 6.1 -4.0
DMXF iShares ESG Advanced MSCI EAFE ETF 22.2 12 18 6.2 -3.8
IDOG ALPS International Sector Dividend Dogs ETF 22.1 50 -20 8.2 -1.8
ESGN Columbia Sustainable International Equity Income ETF 21.8 45 -15 9.2 -0.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 21.8 29 1 7.3 -2.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 21.7 39 -9 7.4 -2.6
VEU Vanguard FTSE All-World ex-US Index Fund 21.3 8 22 6.7 -3.4
INTF iShares Edge MSCI Multifactor Intl ETF 20.8 30 0 7.2 -2.8
QINT American Century Quality Diversified International ETF 20.5 39 -9 5.7 -4.4
FIDI Fidelity International High Dividend ETF 20.4 39 -9 10.3 +0.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 20.4 45 -15 9.8 -0.2
JPIN JPMorgan Diversified Return International Equity ETF 20.2 37 -7 7.0 -3.0
VSGX Vanguard ESG International Stock ETF 20.2 17 13 6.3 -3.7
IXUS ishares Core MSCI Total International Stock ETF 19.3 9 21 6.4 -3.6
DMDV AAM S&P Developed Markets High Dividend Value ETF 19.2 39 -9 9.9 -0.1
AVDE Avantis International Equity ETF 19.2 23 7 6.9 -3.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.9 24 6 6.5 -3.5
TPIF Timothy Plan International ETF 18.2 62 -32 6.1 -4.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 17.7 65 -35 10.2 +0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 17.5 47 -17 8.2 -1.9
RBIN Nationwide Risk-Based International Equity ETF 17.5 42 -12 6.0 -4.0
FJP First Trust Japan AlphaDEX Fund 17.4 80 -50 8.0 -2.0
FEZ SPDR EURO STOXX 50 ETF 17.4 29 1 6.2 -3.9
RODE Hartford Multifactor Diversified International ETF 17.4 29 1 10.5 +0.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Value Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.7 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.