iShares Edge MSCI Multifactor USA Mid-Cap ETF
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.0x P/Sales
ratio
1.9x
P/BV
ratio
2.5x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Edge MSCI Multifactor USA Mid-Cap ETF tracks a multi-factor selected and weighted index of U.S. mid-caps.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 04, 2019
Assets (mns) $3
Currency USD
Expense ratio 25 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 88
Wgt avg mkt cap (mns) $13,937
Large cap (>$10bn) 68.1%
Mid cap ($2-10bn) 31.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CARRIER GLOBAL CORP. 2.4 %
SYNOPSYS INC 1.9 %
UNITED RENTALS INC 1.8 %
CADENCE DESIGN SYS INC 1.8 %
TERADYNE INC 1.8 %
MAXIM INTEGRATED PRODUCTS 1.7 %
BEST BUY CO INC 1.6 %
QORVO INC 1.6 %
EPAM SYSTEMS INC 1.6 %
WW GRAINGER INC 1.6 %
Total 17.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.1 %
IRELAND 2.9 %
BRITAIN 1.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.3% 2.8% -- -- 2.6%

Market Correlations
versus... Beta R-squared
S&P500 1.17 91%
MSCI EAFE 1.19 85%
MSCI Emg. Mkts. 0.91 77%

Technical Indicators
Recent close $30.57
30d moving avg. $29.11
Annualized volatility 25.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $7,773

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares Edge MSCI Multifactor USA Mid-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with MIDF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MIDF Expense: 25 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MIDF
Ticker Fund
Name
Overlap1
vs MIDF
(%)
Expense
ratio
(bp)
Savings
vs MIDF
(bp)
ALTAR
Score™
(%)
ALTAR
vs MIDF
(%)
LRGF iShares Edge MSCI Multifactor USA ETF 35.4 20 5 6.8 -0.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 26.8 20 5 7.0 -0.0
NUMV Nuveen ESG Mid-Cap Value ETF 23.5 40 -15 6.4 -0.6
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 22.4 30 -5 5.2 -1.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 21.6 20 5 6.4 -0.7
USMF WisdomTree U.S. Multifactor Fund 21.0 28 -3 5.5 -1.5
RYT Invesco S&P 500 Equal Weight Technology ETF 19.9 40 -15 6.0 -1.0
LSAF LeaderShares AlphaFactor US Core Equity ETF 19.5 75 -50 5.2 -1.8
DON WisdomTree U.S. MidCap Dividend Fund 19.4 38 -13 6.8 -0.2
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 19.0 24 1 5.6 -1.5
JKI iShares Morningstar Mid-Cap Value ETF 18.6 30 -5 7.7 +0.7
VOE Vanguard Mid-Cap Value Index Fund 18.6 7 18 6.8 -0.2
JHMM John Hancock Multifactor Mid Cap ETF 18.3 42 -17 5.0 -2.0
QQQJ Invesco NASDAQ Next Gen 100 ETF 17.9 15 10 3.3 -3.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 17.6 17 8 5.9 -1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 17.4 20 5 5.9 -1.2
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 17.2 29 -4 7.9 +0.9
ACWF iShares FactorSelect MSCI Global ETF 17.1 35 -10 7.4 +0.4
SPVM Invesco S&P 500 Value with Momentum ETF 17.1 39 -14 7.8 +0.8
FVL First Trust Value Line 100 Exchange-Traded Fund 16.9 70 -45 4.9 -2.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 16.4 29 -4 6.5 -0.5
STMB iShares Factors US Mid Blend Style ETF 16.2 30 -5 5.2 -1.9
NUMG Nuveen ESG Mid-Cap Growth ETF 15.8 40 -15 2.0 -5.1
VO Vanguard Mid-Cap Index Fund 15.3 4 21 4.7 -2.3
TPLC Timothy Plan US Large Cap Core ETF 15.2 52 -27 4.7 -2.4
QSY WisdomTree U.S. LargeCap Value Fund 15.1 38 -13 5.9 -1.1
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 14.8 17 8 6.3 -0.8
SIZE iShares MSCI USA Size Factor ETF 14.6 15 10 5.4 -1.6
RPG Invesco S&P 500 Pure Growth ETF 14.6 35 -10 4.1 -2.9
ONEY SPDR Russell 1000 Yield Focus ETF 14.5 20 5 7.6 +0.6
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF 14.4 60 -35 5.8 -1.2
TPHD Timothy Plan High Dividend Stock ETF 14.2 52 -27 5.7 -1.4
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 14.2 25 0 5.6 -1.4
ESGS Columbia Sustainable U.S. Equity Income ETF 14.1 35 -10 7.7 +0.7
EUSA iShares MSCI USA Equal Weighted ETF 14.0 15 10 5.5 -1.5
SCHM Schwab U.S. Mid-Cap ETF 14.0 4 21 5.4 -1.7
ROUS Hartford Multifactor US Equity ETF 14.0 19 6 6.1 -0.9
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 13.9 35 -10 7.9 +0.9
VALQ American Century STOXX U.S. Quality Value ETF 13.8 29 -4 7.7 +0.7
BKMC BNY Mellon US Mid Cap Core Equity ETF 13.8 4 21 4.8 -2.2
VUSE Vident Core US Equity Fund 13.7 48 -23 7.9 +0.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 13.6 20 5 7.8 +0.8
AFLG First Trust Active Factor Large Cap ETF 13.5 55 -30 4.9 -2.2
DSTL Distillate US Fundamental Stability & Value ETF 13.2 39 -14 5.9 -1.2
VLUE iShares MSCI USA Value Factor ETF 13.2 15 10 10.2 +3.2
IWS iShares Russell Mid-Cap Value ETF 13.1 24 1 6.2 -0.8
QGRO American Century STOXX U.S. Quality Growth ETF 13.1 29 -4 3.1 -3.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 12.9 35 -10 5.3 -1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 12.8 35 -10 5.3 -1.7
FNK First Trust Mid Cap Value AlphaDEX Fund 12.8 70 -45 8.6 +1.6
AFMC First Trust Active Factor Mid Cap ETF 12.6 65 -40 5.8 -1.3
RYH Invesco S&P 500 Equal Weight Health Care ETF 12.6 40 -15 6.7 -0.3
DEF Invesco Defensive Equity ETF 12.6 55 -30 5.0 -2.0
IWR iShares Russell Midcap ETF 12.6 19 6 5.0 -2.1
COWZ Pacer US Cash Cows 100 ETF 12.4 49 -24 10.3 +3.3
JKG iShares Morningstar Mid-Cap ETF 12.4 25 0 4.9 -2.1
FXH First Trust Health Care AlphaDEX Fund 12.3 62 -37 5.0 -2.1
DVLU First Trust Dorsey Wright Momentum & Value ETF 12.0 60 -35 8.9 +1.9
CZA Invesco Zacks Mid-Cap ETF 12.0 69 -44 5.8 -1.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 11.9 18 7 5.7 -1.3
RSP Invesco S&P 500 Equal Weight ETF 11.8 20 5 5.8 -1.2
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 11.7 35 -10 8.2 +1.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 11.5 38 -13 7.3 +0.3
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.5 63 -38 5.6 -1.4
QQQN VictoryShares Nasdaq Next 50 ETF 11.5 18 7 2.9 -4.1
WLDR Affinity World Leaders Equity ETF 11.5 47 -22 8.4 +1.3
IWP iShares Russell Mid-Cap Growth ETF 11.4 24 1 2.8 -4.2
VOT Vanguard Mid-Cap Growth Index Fund 11.4 7 18 2.8 -4.2
KLCD KFA Large Cap Quality Dividend Index ETF 11.4 42 -17 5.2 -1.8
JHMT John Hancock Multifactor Technology ETF 10.9 40 -15 4.3 -2.7
FTA First Trust Large Cap Value AlphaDEX Fund 10.9 60 -35 7.7 +0.6
PSET Principal Price Setters Index ETF 10.9 15 10 4.6 -2.4
JKH iShares Morningstar Mid-Cap Growth ETF 10.8 30 -5 1.9 -5.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 10.5 35 -10 5.1 -1.9
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 10.4 29 -4 6.2 -0.9
JMIN JPMorgan U.S. Minimum Volatility ETF 10.4 12 13 5.3 -1.8
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 10.3 60 -35 6.6 -0.4
RBUS Nationwide Risk-Based U.S. Equity ETF 10.2 30 -5 4.7 -2.4
FEX First Trust Large Cap Core AlphaDEX Fund 10.2 60 -35 4.9 -2.1
PY Principal Shareholder Yield Index ETF 10.0 15 10 8.2 +1.2
MAGA Point Bridge GOP Stock Tracker ETF 10.0 72 -47 5.6 -1.4
SPGP Invesco S&P 500 GARP ETF 9.9 34 -9 6.2 -0.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 9.8 30 -5 6.0 -1.0
STLV iShares Factors US Value Style ETF 9.7 25 0 6.8 -0.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 9.6 9 16 5.4 -1.6
PEXL Pacer US Export Leaders ETF 9.6 60 -35 5.4 -1.6
EXT WisdomTree U.S. Total Earnings Fund 9.6 28 -3 5.2 -1.9
KRMA Global X Conscious Companies ETF 9.5 43 -18 4.8 -2.2
FLRG Fidelity U.S. Multifactor ETF 9.5 29 -4 6.1 -0.9
SPLV Invesco S&P 500 Low Volatility ETF 9.5 25 0 5.5 -1.6
RPV Invesco S&P 500 Pure Value ETF 9.5 35 -10 9.1 +2.1
JHMI John Hancock Multifactor Industrials ETF 9.5 40 -15 5.1 -2.0
RNMC Mid Cap US Equity Select ETF 9.5 60 -35 6.3 -0.7
FAB First Trust Multi Cap Value AlphaDEX Fund 9.4 71 -46 8.2 +1.2
RNLC Large Cap US Equity Select ETF 9.4 60 -35 5.5 -1.5
RGI Invesco S&P 500 Equal Weight Industrials ETF 9.3 40 -15 4.1 -2.9
QDIV Global X S&P 500 Quality Dividend ETF 9.3 20 5 6.8 -0.3
FTC First Trust Large Cap Growth AlphaDEX Fund 9.2 61 -36 2.3 -4.7

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 Multifactor USA Mid-Cap 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 16.5 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 CATEGORY
AVERAGE
1.49
 
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.