iShares Edge MSCI Intl Value Factor ETF
ALTAR
Score™
11.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
3.9%


  • 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) $446
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 330
Wgt avg mkt cap (mns) $73,112
Large cap (>$10bn) 82.3%
Mid cap ($2-10bn) 17.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MIZUHO FINANCIAL GROUP INC 8.6 %
NOVARTIS AG-REG 3.4 %
BRITISH AMERICAN TOBACCO PLC 3.3 %
SANOFI-AVENTIS 3.0 %
TOYOTA MOTOR CORP 2.4 %
BAYER AG 2.2 %
HITACHI LTD 2.1 %
MITSUBISHI UFJ FINANCIAL GRO 1.6 %
MITSUBISHI CORP 1.5 %
ITOCHU CORP 1.4 %
Total 29.3 %

TOP COUNTRY EXPOSURE
JAPAN 50.8 %
BRITAIN 13.8 %
FRANCE 10.8 %
GERMANY 7.7 %
SWITZERLAND 4.7 %
ITALY 3.0 %
NETHERLANDS 2.6 %
HONG KONG 2.3 %
CANADA 2.3 %
SPAIN 2.2 %

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.
-18.9% -11.9% 1.1% -- -1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.85 73%
MSCI EAFE 1.05 92%
MSCI Emg. Mkts. 0.74 72%

Technical Indicators
Recent close $19.57
30d moving avg. $20.04
Annualized volatility 17.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 104
Turnover 0.5%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $12,585

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™: 11.1%


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
(%)
EFV iShares MSCI EAFE Value ETF 55.9 39 -9 9.6 -1.4
EWJV iShares MSCI Japan Value ETF 46.5 15 15 9.0 -2.1
FNDF Schwab Fundamental International Large Co. Index ETF 44.7 25 5 8.9 -2.2
IQIN IQ 500 International ETF 44.6 25 5 8.7 -2.4
EWJ iShares MSCI Japan ETF 44.2 49 -19 6.7 -4.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 43.8 45 -15 6.7 -4.4
IDY Pacific Global International Equity Income ETF 43.7 39 -9 8.0 -3.0
QJPN SPDR MSCI Japan StrategicFactors ETF 43.3 14 16 7.2 -3.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 43.3 45 -15 8.9 -2.2
BBJP JPMorgan BetaBuilders Japan ETF 42.9 19 11 7.0 -4.1
FLJP Franklin FTSE Japan ETF 42.5 9 21 7.1 -3.9
FLJH Franklin FTSE Japan Hedged ETF 42.2 9 21 7.1 -4.0
JPXN iShares JPX-Nikkei 400 ETF 41.0 48 -18 6.7 -4.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 40.8 9 21 7.1 -3.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 37.3 25 5 6.9 -4.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 36.2 35 -5 8.6 -2.5
ISDX Invesco Strategic Developed ex-US ETF 35.2 23 7 7.5 -3.6
DOL WisdomTree International LargeCap Dividend Fund 35.1 48 -18 8.7 -2.4
DXJ WisdomTree Japan Hedged Equity Fund 34.9 48 -18 7.1 -3.9
JHMD John Hancock Multifactor Developed International ETF 33.7 39 -9 7.3 -3.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 33.3 35 -5 8.6 -2.4
DTH WisdomTree DEFA Equity Income Fund 33.1 58 -28 9.9 -1.1
VYMI Vanguard International High Dividend Yield ETF 33.0 27 3 10.2 -0.8
IPAC iShares Core MSCI Pacific ETF 32.6 9 21 7.0 -4.0
DWM WisdomTree International Equity Fund 32.5 48 -18 8.3 -2.8
QEFA SPDR MSCI EAFE Quality Mix ETF 32.0 30 0 6.7 -4.3
EFA iShares MSCI EAFE ETF 31.7 32 -2 7.0 -4.0
GSID Goldman Sachs MarketBeta International Equity ETF 31.6 20 10 7.3 -3.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 31.4 29 1 7.8 -3.3
FIVA Fidelity International Value Factor ETF 31.4 39 -9 10.0 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.4 35 -5 6.9 -4.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 30.4 35 -5 6.8 -4.2
PDEV Principal International Multi-Factor Core Index ETF 30.2 25 5 7.9 -3.2
HFXI IQ 50 Percent Hedged FTSE International ETF 30.0 20 10 7.4 -3.7
BKIE BNY Mellon International Equity ETF 30.0 4 26 7.4 -3.7
EWJE iShares MSCI Japan Equal Weighted ETF 29.6 15 15 6.9 -4.2
ESGD iShares MSCI EAFE ESG Optimized ETF 29.3 20 10 6.9 -4.1
ISZE iShares Edge MSCI Intl Size Factor ETF 29.0 30 0 7.2 -3.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 28.8 20 10 7.0 -4.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 28.7 7 23 7.4 -3.6
VPL Vanguard FTSE Pacific ETF 28.5 8 22 7.4 -3.7
IEFA iShares Core MSCI EAFE ETF 27.1 7 23 7.3 -3.8
SCHF Schwab International Equity ETF 26.9 6 24 7.3 -3.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 26.2 25 5 6.7 -4.4
IEV iShares Europe ETF 25.8 59 -29 7.0 -4.1
SPDW SPDR Portfolio Developed World ex-US ETF 25.5 4 26 7.1 -4.0
IDEV iShares Core MSCI International Developed Markets ETF 25.5 5 25 7.2 -3.9
BBEU JPMorgan BetaBuilders Europe ETF 25.1 9 21 7.5 -3.6
DGT SPDR Global Dow ETF 25.0 50 -20 7.2 -3.8
VGFO Virtus WMC Global Factor Opportunities ETF 24.9 49 -19 8.0 -3.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.8 14 16 6.8 -4.3
DOO WisdomTree International Dividend ex-Financials Fund 24.8 58 -28 9.0 -2.0
IQSI IQ Candriam ESG International Equity ETF 24.8 15 15 7.4 -3.6
SCIJ Global X Scientific Beta Japan ETF 24.7 40 -10 6.5 -4.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 24.5 45 -15 6.8 -4.3
EZU iShares MSCI Eurozone ETF 24.4 49 -19 6.8 -4.3
FLEE Franklin FTSE Europe ETF 24.4 9 21 7.1 -4.0
ESGN Columbia Sustainable International Equity Income ETF 24.2 45 -15 11.0 -0.1
VEA Vanguard FTSE Developed Markets ETF 24.0 5 25 7.4 -3.7
FLEH Franklin FTSE Europe Hedged ETF 23.6 9 21 7.2 -3.9
EURZ Xtrackers Eurozone Equity ETF 23.4 9 21 7.1 -4.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.0 39 -9 6.6 -4.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 22.9 45 -15 6.9 -4.2
CIL VictoryShares International Volatility Weighted Index ETF 22.9 45 -15 6.9 -4.2
IEUR iShares Core MSCI Europe ETF 22.7 9 21 7.3 -3.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 22.7 20 10 11.6 +0.6
VGK Vanguard FTSE Europe ETF 22.5 8 22 7.5 -3.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 22.4 30 0 8.2 -2.9
JPMV iShares Edge MSCI Min Vol Japan ETF 22.3 30 0 0.0 -11.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 22.2 45 -15 6.9 -4.2
RNDM Developed International Equity Select ETF 22.2 65 -35 6.1 -5.0
CWI SPDR MSCI ACWI ex-US ETF 21.9 30 0 7.3 -3.8
FEU SPDR Portfolio Europe ETF 21.7 9 21 7.4 -3.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 21.7 20 10 10.0 -1.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 21.6 39 -9 8.3 -2.8
INTF iShares Edge MSCI Multifactor Intl ETF 21.4 30 0 7.9 -3.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 21.0 25 5 6.5 -4.6
ACWX iShares MSCI ACWI ex U.S. ETF 20.9 32 -2 7.3 -3.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 20.8 29 1 7.8 -3.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.4 40 -10 7.1 -4.0
VEU Vanguard FTSE All-World ex-US Index Fund 20.1 8 22 7.6 -3.5
FIDI Fidelity International High Dividend ETF 19.9 39 -9 11.6 +0.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 19.8 39 -9 11.5 +0.4
JPIN JPMorgan Diversified Return International Equity ETF 19.2 37 -7 7.8 -3.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.1 20 10 5.3 -5.8
IGRO iShares International Dividend Growth ETF 19.0 22 8 8.4 -2.6
IDLV Invesco S&P International Developed Low Volatility ETF 18.9 25 5 6.3 -4.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 18.0 45 -15 11.1 +0.1
VSGX Vanguard ESG International Stock ETF 18.0 17 13 7.1 -3.9
IXUS ishares Core MSCI Total International Stock ETF 18.0 9 21 7.4 -3.7
OEUR O'shares FTSE Europe Quality Dividend ETF 17.7 48 -18 6.9 -4.2
VXUS Vanguard Total International Stock Index Fund 17.6 8 22 7.6 -3.5
IDOG ALPS International Sector Dividend Dogs ETF 17.6 50 -20 11.5 +0.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 17.5 29 1 11.6 +0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 17.4 24 6 6.9 -4.1
IXG iShares Global Financials ETF 17.1 46 -16 10.0 -1.1

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 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 8.3 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 11.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.58
 
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.