iShares Russell 1000 Value ETF
ALTAR
Score™		 7.2% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 20.6x P/Sales
ratio		 1.5x
P/BV
ratio		 1.7x Div.
yield		 2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Russell 1000 Value Index Fund seeks investment results that correspond to the price and yield performance of the large cap value sector of the U.S. stock market, as represented by the Russell 1000 Value Index.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date May 22, 2000
Assets (mns) $33,821
Currency USD
Expense ratio 19 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 840
Wgt avg mkt cap (mns) $109,702
Large cap (>$10bn) 86.8%
Mid cap ($2-10bn) 12.7%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BERKSHIRE HATHAWAY INC-CL B 2.5 %
JOHNSON & JOHNSON 2.3 %
JPMORGAN CHASE & CO 2.0 %
INTEL CORP 1.8 %
VERIZON COMMUNICATIONS INC 1.6 %
WALT DISNEY CO/THE 1.5 %
AT&T INC 1.5 %
CISCO SYSTEMS INC 1.4 %
PFIZER INC 1.3 %
BANK OF AMERICA CORP 1.3 %
Total 17.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.8 %
IRELAND 1.8 %
BRITAIN 1.5 %
SWITZERLAND 0.5 %
BERMUDA 0.4 %
CHINA 0.1 %
NETHERLANDS 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.3% -8.9% 4.5% 10.2% 5.9%

Market Correlations
versus... Beta R-squared
S&P500 1.03 94%
MSCI EAFE 1.06 86%
MSCI Emg. Mkts. 0.75 69%

Technical Indicators
Recent close $113.19
30d moving avg. $114.93
Annualized volatility 18.0%
Short interest (ETF) 0.5%
Short interest (Underlying) 2.5%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 2,478
Turnover 0.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $185,204

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Russell 1000 Value ETF ETF based on the alternatives' overlap in portfolio holdings with IWD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IWD Expense: 19 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IWD
Ticker Fund
Name		 Overlap1
vs IWD
(%)		 Expense
ratio
(bp)		 Savings
vs IWD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IWD
(%)
VONV Vanguard Russell 1000 Value Index Fund 82.3 8 11 7.4 +0.1
IUSV iShares Core S&P U.S. Value ETF 72.0 4 15 7.6 +0.3
VOOV Vanguard S&P 500 Value ETF 70.2 15 4 7.4 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 70.0 4 15 7.5 +0.2
IVE iShares S&P 500 Value ETF 70.0 18 1 7.3 +0.1
PRF Invesco FTSE RAFI US 1000 ETF 67.5 39 -20 6.9 -0.4
VTV Vanguard Value Index Fund 66.8 4 15 7.5 +0.2
IWX iShares Russell Top 200 Value ETF 66.8 20 -1 7.2 -0.1
SCHV Schwab U.S. Large-Cap Value ETF 65.5 4 15 7.2 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 64.4 25 -6 6.6 -0.7
SPXT ProShares S&P 500 Ex-Technology ETF 64.2 27 -8 5.7 -1.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 63.5 25 -6 6.6 -0.6
DTD WisdomTree U.S.Total Dividend Fund 60.2 28 -9 6.7 -0.5
VLU SPDR S&P 1500 Value Tilt ETF 60.1 12 7 7.5 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 59.3 8 11 6.5 -0.8
JHML John Hancock Multifactor Large Cap ETF 58.7 29 -10 5.6 -1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 56.8 28 -9 6.4 -0.8
PBP Invesco S&P 500 BuyWrite ETF 55.9 49 -30 5.0 -2.3
MGV Vanguard Mega Cap Value ETF 55.8 7 12 7.3 +0.1
VONE Vanguard Russell 1000 ETF 55.2 8 11 5.3 -2.0
HSPX Global X S&P 500 Covered Call ETF 55.2 65 -46 4.9 -2.3
IWB iShares Russell 1000 ETF 55.1 15 4 5.2 -2.0
IUS Invesco Strategic US ETF 54.8 19 0 6.7 -0.5
SPY SPDR S&P 500 ETF Trust 54.8 9 10 5.4 -1.9
SCHX Schwab U.S. Large-Cap ETF 54.8 3 16 5.3 -1.9
SPLG SPDR Portfolio Large Cap ETF 54.8 3 16 5.4 -1.8
IVV iShares Core S&P 500 ETF 54.7 4 15 5.4 -1.8
DIVB iShares U.S. Dividend & Buyback ETF 54.6 25 -6 6.6 -0.6
SCHK Schwab 1000 Index ETF 54.5 5 14 5.3 -2.0
IYY iShares Dow Jones U.S. ETF 54.5 20 -1 5.2 -2.1
VOO VANGUARD S&P 500 ETF 54.5 3 16 5.4 -1.8
RWL Invesco S&P 500 Revenue ETF 54.4 39 -20 7.3 +0.1
SPTM SPDR Portfolio Total Stock Market ETF 54.3 3 16 5.5 -1.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 53.8 2 17 5.3 -1.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.7 20 -1 5.4 -1.9
VV Vanguard Large-Cap Index Fund 53.7 4 15 5.3 -2.0
USDY Pacific Global US Equity Income ETF 53.7 29 -10 7.3 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 53.3 27 -8 5.3 -1.9
PBUS Invesco PureBeta MSCI USA ETF 53.3 4 15 5.3 -2.0
QUS SPDR MSCI USA StrategicFactors ETF 53.2 15 4 5.9 -1.4
VTHR Vanguard Russell 3000 Index Fund 52.7 10 9 5.1 -2.1
SCHB Schwab U.S. Broad Market ETF 52.7 3 16 5.3 -2.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 52.6 7 12 5.2 -2.1
IWV iShares Russell 3000 ETF 52.6 20 -1 5.1 -2.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 52.5 3 16 5.2 -2.0
VTI Vanguard Total Stock Market Index Fund 52.2 3 16 5.2 -2.1
DGRO iShares Core Dividend Growth ETF 52.0 8 11 6.7 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 51.8 27 -8 5.0 -2.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 50.6 20 -1 5.0 -2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 50.4 30 -11 6.6 -0.7
MGC Vanguard Mega Cap Index Fund 50.1 7 12 5.2 -2.0
AVUS Avantis U.S. Equity ETF 49.9 15 4 5.8 -1.5
CATH Global X S&P 500 Catholic Values Custom ETF 49.1 29 -10 5.2 -2.0
VYM Vanguard High Dividend Yield Index ETF 48.9 6 13 7.4 +0.2
SFY SoFi Select 500 ETF 48.9 0 19 5.2 -2.0
SPXN ProShares S&P 500 Ex-Financials ETF 48.8 27 -8 5.0 -2.3
BKLC BNY Mellon US Large Cap Core Equity ETF 48.7 0 19 5.2 -2.0
SNPE Xtrackers S&P 500 ESG ETF 48.6 11 8 5.1 -2.1
ESGU iShares MSCI USA ESG Optimized ETF 48.5 15 4 5.1 -2.1
RSP Invesco S&P 500 Equal Weight ETF 48.3 20 -1 6.8 -0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 47.9 25 -6 6.7 -0.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 47.7 29 -10 6.3 -1.0
IWL iShares Russell Top 200 ETF 47.6 15 4 5.0 -2.2
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 47.5 9 10 5.9 -1.3
RAFE PIMCO RAFI ESG U.S. ETF 46.6 29 -10 7.8 +0.6
EUSA iShares MSCI USA Equal Weighted ETF 46.5 15 4 6.3 -0.9
SUSL iShares ESG MSCI USA Leaders ETF 46.2 10 9 5.3 -1.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 46.0 10 9 5.3 -1.9
SIZE iShares Edge MSCI USA Size Factor ETF 45.5 15 4 6.4 -0.9
ESGV Vanguard ESG U.S. Stock ETF 45.3 12 7 5.2 -2.1
ESG FlexShares STOXX US ESG Impact Index Fund 45.2 32 -13 5.1 -2.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 44.9 9 10 5.6 -1.7
SCIU Global X Scientific Beta US ETF 44.2 19 0 5.8 -1.4
RNLC Large Cap US Equity Select ETF 43.8 60 -41 6.3 -1.0
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 43.7 29 -10 6.8 -0.4
DSI iShares MSCI KLD 400 Social ETF 43.2 25 -6 5.1 -2.1
EQAL Invesco Russell 1000 Equal Weight ETF 43.1 20 -1 5.8 -1.4
IQSU IQ Candriam ESG US Equity ETF 43.1 9 10 5.1 -2.2
ROUS Hartford Multifactor US Equity ETF 42.9 19 0 7.4 +0.1
RECS Columbia Research Enhanced Core ETF 42.6 15 4 5.7 -1.6
OEF iShares S&P 100 ETF 42.5 20 -1 4.8 -2.5
NACP Impact Shares NAACP Minority Empowerment ETF 41.8 75 -56 4.5 -2.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 41.4 35 -16 6.0 -1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 41.1 18 1 6.3 -0.9
EQWL Invesco Russell Top 200 Equal Weight ETF 41.1 25 -6 6.1 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 40.8 12 7 4.9 -2.3
TOK iShares MSCI Kokusai ETF 39.6 25 -6 5.6 -1.7
KOKU Xtrackers MSCI Kokusai Equity ETF 39.5 9 10 5.7 -1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 39.5 20 -1 6.6 -0.7
PFM Invesco Dividend Achievers ETF 39.3 54 -35 5.5 -1.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 39.2 17 2 6.5 -0.8
JVAL JPMorgan U.S. Value Factor ETF 38.8 12 7 8.8 +1.6
JKF iShares Morningstar Large Cap Value ETF 38.6 25 -6 7.6 +0.4
WOMN Impact Shares YWCA Women's Empowerment ETF 37.9 75 -56 4.5 -2.8
REVS Columbia Research Enhanced Value ETF 37.8 19 0 7.8 +0.5
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 37.6 17 2 6.6 -0.6
RNDV US Equity Dividend Select ETF 37.5 50 -31 7.7 +0.5
FDRR Fidelity Dividend ETF for Rising Rates 37.4 29 -10 7.0 -0.2
URTH iShares MSCI World ETF 36.8 24 -5 5.7 -1.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 36.7 19 0 5.7 -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 Russell 1000 Value ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.52
 
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.