iShares MSCI Usa Quality Factor ETF
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.5x P/Sales
ratio
3.7x
P/BV
ratio
5.0x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI USA Quality Factor ETF (the "Fund") seeks to track the investment results of an index that measures the performance of U.S. large- and mid-capitalization stocks as identified through three fundamental variables: return on equity, earnings variability and financial leverage.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jul 16, 2013
Assets (mns) $21,656
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 125
Wgt avg mkt cap (mns) $323,417
Large cap (>$10bn) 96.6%
Mid cap ($2-10bn) 3.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NIKE INC -CL B 4.4 %
APPLE INC 4.2 %
FACEBOOK 3.9 %
COCA-COLA CO/THE 3.8 %
MICROSOFT CORP 3.3 %
VISA INC-CLASS A SHARES 3.0 %
MASTERCARD INC-CLASS A 3.0 %
JOHNSON & JOHNSON 2.9 %
UNITEDHEALTH GROUP INC 2.3 %
BLACKROCK INC 2.3 %
Total 33.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.4 %
IRELAND 1.7 %
BRITAIN 1.4 %
SWITZERLAND 0.3 %







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.
1.4% 8.9% 11.0% -- 12.5%

Market Correlations
versus... Beta R-squared
S&P500 0.97 98%
MSCI EAFE 0.98 82%
MSCI Emg. Mkts. 0.68 62%

Technical Indicators
Recent close $112.88
30d moving avg. $108.23
Annualized volatility 17.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 803
Turnover 0.4%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $63,984

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Usa Quality Factor ETF ETF based on the alternatives' overlap in portfolio holdings with QUAL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QUAL Expense: 15 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QUAL
Ticker Fund
Name
Overlap1
vs QUAL
(%)
Expense
ratio
(bp)
Savings
vs QUAL
(bp)
ALTAR
Score™
(%)
ALTAR
vs QUAL
(%)
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 46.3 19 -4 5.5 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 44.5 15 0 5.4 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 40.6 12 3 5.1 +0.1
VEGN US Vegan Climate ETF 40.0 60 -45 4.7 -0.4
FQAL Fidelity Quality Factor ETF 39.0 29 -14 5.1 +0.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 38.5 49 -34 3.9 -1.2
FLQL Franklin LibertyQ U.S. Equity ETF 38.3 15 0 5.8 +0.8
SPHQ Invesco S&P 500 Quality ETF 38.2 15 0 4.4 -0.6
DSI iShares MSCI KLD 400 Social ETF 37.7 25 -10 4.7 -0.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 37.4 10 5 4.9 -0.1
SUSL iShares ESG MSCI USA Leaders ETF 37.4 10 5 4.9 -0.1
XLG Invesco S&P 500 Top 50 ETF 37.3 20 -5 4.2 -0.8
ESGV Vanguard ESG U.S. Stock ETF 37.1 12 3 4.7 -0.4
QLC FlexShares US Quality Large Cap Index Fund 36.9 32 -17 4.8 -0.2
VOOG Vanguard S&P 500 Growth ETF 36.9 10 5 4.1 -0.9
IWY iShares Russell Top 200 Growth ETF 36.6 20 -5 3.7 -1.3
SPXN ProShares S&P 500 Ex-Financials ETF 36.3 27 -12 4.6 -0.4
IWF iShares Russell 1000 Growth ETF 36.3 19 -4 3.6 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 35.9 32 -17 4.7 -0.3
SPYG SPDR Portfolio S&P 500 Growth ETF 35.8 4 11 4.1 -0.9
IVW iShares S&P 500 Growth ETF 35.8 18 -3 4.0 -1.0
PBP Invesco S&P 500 BuyWrite ETF 35.7 49 -34 4.6 -0.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.6 12 3 4.5 -0.5
HSPX Global X S&P 500 Covered Call ETF 35.6 60 -45 4.6 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 35.6 8 7 3.7 -1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 35.5 75 -60 3.7 -1.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.4 20 -5 4.6 -0.5
SPQQ Siren Large Cap Blend Index ETF 35.4 20 -5 4.4 -0.6
IGM iShares Expanded Tech Sector ETF 35.3 46 -31 3.5 -1.5
MGC Vanguard Mega Cap Index Fund 35.2 7 8 4.8 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 35.2 15 0 4.6 -0.4
IWL iShares Russell Top 200 ETF 35.2 15 0 4.6 -0.5
EFIV SPDR S&P 500 ESG ETF 35.1 10 5 4.7 -0.3
SNPE Xtrackers S&P 500 ESG ETF 35.1 10 5 4.7 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 35.0 60 -45 4.6 -0.4
OEF iShares S&P 100 ETF 34.9 20 -5 4.5 -0.5
SPY SPDR S&P 500 ETF Trust 34.9 9 6 4.9 -0.1
IVV iShares Core S&P 500 ETF 34.9 3 12 5.0 -0.0
SPLG SPDR Portfolio Large Cap ETF 34.8 3 12 5.0 -0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 34.8 20 -5 4.9 -0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 34.8 0 15 4.7 -0.3
IUSG iShares Core S&P US Growth ETF 34.7 4 11 4.1 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 34.4 9 6 5.2 +0.2
VOO VANGUARD S&P 500 ETF 34.4 3 12 5.0 -0.0
SPXE ProShares S&P 500 Ex-Energy ETF 34.4 27 -12 4.9 -0.2
RECS Columbia Research Enhanced Core ETF 34.3 15 0 5.2 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.3 60 -45 3.8 -1.2
SUSA iShares MSCI USA ESG Select ETF 34.1 25 -10 4.4 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 33.8 8 7 5.9 +0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.6 7 8 4.8 -0.3
PBUS Invesco PureBeta MSCI USA ETF 33.6 4 11 4.8 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.4 2 13 4.8 -0.2
MGK Vanguard Mega Cap Growth ETF 33.3 7 8 3.8 -1.2
IQSU IQ Candriam ESG US Equity ETF 33.3 9 6 4.7 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 33.3 29 -14 4.7 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 33.2 25 -10 6.1 +1.1
OUSA O'Shares FTSE US Quality Dividend ETF 33.1 48 -33 5.5 +0.5
FDLO Fidelity Low Volatility Factor ETF 33.0 29 -14 4.9 -0.1
VV Vanguard Large-Cap Index Fund 32.8 4 11 4.8 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 32.7 3 12 5.1 +0.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 32.6 30 -15 6.0 +1.0
SCHX Schwab U.S. Large-Cap ETF 32.5 3 12 4.8 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 32.5 27 -12 4.6 -0.5
NACP Impact Shares NAACP Minority Empowerment ETF 32.5 75 -60 4.5 -0.5
IETC iShares Evolved U.S. Technology ETF 32.4 18 -3 3.6 -1.4
FLRG Fidelity U.S. Multifactor ETF 32.3 29 -14 6.1 +1.1
KRMA Global X Conscious Companies ETF 32.0 43 -28 4.8 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 32.0 15 0 5.8 +0.8
IWB iShares Russell 1000 ETF 32.0 15 0 4.7 -0.4
SCHK Schwab 1000 Index ETF 31.9 5 10 4.8 -0.3
VUG Vanguard Growth Index Fund 31.8 4 11 3.7 -1.4
IYY iShares Dow Jones U.S. ETF 31.6 20 -5 4.6 -0.4
TMFC Motley Fool 100 Index ETF 31.5 50 -35 3.2 -1.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.3 12 3 4.1 -0.9
JHML John Hancock Multifactor Large Cap ETF 31.2 29 -14 5.0 +0.0
VTHR Vanguard Russell 3000 Index Fund 31.1 10 5 4.6 -0.4
QYLD Global X NASDAQ 100 Covered Call ETF 31.0 60 -45 3.3 -1.7
USXF iShares ESG Advanced MSCI USA ETF 30.9 10 5 4.6 -0.4
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 30.9 60 -45 3.3 -1.7
NUSI Nationwide Risk-Managed Income ETF 30.9 68 -53 3.5 -1.5
QQQM Invesco NASDAQ 100 ETF 30.8 15 0 3.7 -1.3
QQQ Invesco QQQ Trust 30.8 20 -5 3.7 -1.4
NULC Nuveen ESG Large-Cap ETF 30.5 20 -5 4.6 -0.4
VIG Vanguard Dividend Appreciation Index Fund 30.5 6 9 5.0 -0.0
IWV iShares Russell 3000 ETF 30.4 20 -5 4.5 -0.5
SCHB Schwab U.S. Broad Market ETF 30.3 3 12 4.7 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.2 3 12 4.6 -0.4
DFAU Dimensional US Core Equity Market ETF 30.2 12 3 4.9 -0.1
EXT WisdomTree U.S. Total Earnings Fund 30.2 28 -13 5.2 +0.1
AFLG First Trust Active Factor Large Cap ETF 30.2 55 -40 4.9 -0.2
HIPR Direxion High Growth ETF 30.1 40 -25 4.3 -0.7
SCHG Schwab U.S. Large-Cap Growth ETF 29.9 4 11 3.3 -1.7
QDEF FlexShares Quality Dividend Defensive Index Fund 29.9 37 -22 5.7 +0.7
HLAL Wahed FTSE USA Shariah ETF 29.9 50 -35 4.1 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 29.8 28 -13 6.0 +1.0
VONE Vanguard Russell 1000 ETF 29.7 8 7 4.7 -0.3
VTI Vanguard Total Stock Market Index Fund 29.6 3 12 4.6 -0.4
AVUS Avantis U.S. Equity ETF 29.5 15 0 5.1 +0.1
ACIO Aptus Collared Income Opportunity ETF 29.4 79 -64 4.3 -0.7

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 MSCI Usa Quality Factor 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 23.0 %
Divided by: Fwd. P/BV 4.4 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 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.