iShares MSCI World ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 22.2x P/Sales
ratio		 1.8x
P/BV
ratio		 2.2x Div.
yield		 2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI World Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance results of the MSCI World Index.

FUND BASICS
Category Global Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Jan 12, 2012
Assets (mns) $834
Currency USD
Expense ratio 24 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1225
Wgt avg mkt cap (mns) $240,371
Large cap (>$10bn) 92.5%
Mid cap ($2-10bn) 7.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
APPLE INC 3.5 %
MICROSOFT CORP 3.2 %
AMAZON.COM INC 2.5 %
FACEBOOK 1.3 %
ALPHABET INC. CLASS C 1.1 %
ALPHABET INC. CLASS A 1.0 %
JOHNSON & JOHNSON 1.0 %
VISA INC-CLASS A SHARES 0.8 %
NESTLE SA-REG 0.8 %
JPMORGAN CHASE & CO 0.7 %
Total 15.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 63.1 %
JAPAN 8.2 %
BRITAIN 5.0 %
SWITZERLAND 3.5 %
CANADA 3.1 %
FRANCE 3.1 %
GERMANY 2.7 %
AUSTRALIA 2.0 %
NETHERLANDS 1.5 %
IRELAND 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.2% 6.9% 6.1% -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.94 98%
MSCI EAFE 0.99 93%
MSCI Emg. Mkts. 0.73 78%

Technical Indicators
Recent close $91.66
30d moving avg. $86.14
Annualized volatility 16.1%
Short interest (ETF) 0.5%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 176
Turnover 1.9%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $334,759

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: URTH Expense: 24 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH URTH
Ticker Fund
Name		 Overlap1
vs URTH
(%)		 Expense
ratio
(bp)		 Savings
vs URTH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs URTH
(%)
TOK iShares MSCI Kokusai ETF 88.2 25 -1 5.8 -0.1
ACWI iShares MSCI ACWI ETF 83.6 32 -8 6.2 +0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 76.4 20 4 6.5 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 75.7 20 4 6.5 +0.6
VT Vanguard Total World Stock Index Fund 73.8 8 16 6.4 +0.5
PBUS Invesco PureBeta MSCI USA ETF 65.2 4 20 5.4 -0.5
SCHK Schwab 1000 Index ETF 65.1 5 19 5.4 -0.5
IYY iShares Dow Jones U.S. ETF 65.0 20 4 5.3 -0.6
SCHX Schwab U.S. Large-Cap ETF 65.0 3 21 5.5 -0.5
SCHB Schwab U.S. Broad Market ETF 65.0 3 21 5.4 -0.5
VTI Vanguard Total Stock Market Index Fund 65.0 3 21 5.3 -0.6
ITOT iShares Core S&P Total U.S. Stock Market ETF 65.0 3 21 5.3 -0.6
IWB iShares Russell 1000 ETF 64.8 15 9 5.3 -0.6
VONE Vanguard Russell 1000 ETF 64.8 8 16 5.4 -0.5
IWV iShares Russell 3000 ETF 64.7 20 4 5.2 -0.7
VTHR Vanguard Russell 3000 Index Fund 64.7 10 14 5.3 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 64.5 2 22 5.5 -0.4
VV Vanguard Large-Cap Index Fund 64.3 4 20 5.4 -0.5
QWLD SPDR MSCI World StrategicFactors ETF 63.3 30 -6 6.2 +0.3
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 63.2 25 -1 6.3 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 62.8 3 21 5.7 -0.3
JHML John Hancock Multifactor Large Cap ETF 62.5 34 -10 5.6 -0.3
PBP Invesco S&P 500 BuyWrite ETF 62.5 49 -25 5.1 -0.8
SPLG SPDR Portfolio Large Cap ETF 62.5 3 21 5.6 -0.3
SPY SPDR S&P 500 ETF Trust 62.5 9 15 5.5 -0.4
IVV iShares Core S&P 500 ETF 62.5 4 20 5.6 -0.4
VOO VANGUARD S&P 500 ETF 62.4 3 21 5.6 -0.3
HSPX Global X S&P 500 Covered Call ETF 62.3 65 -41 5.0 -0.9
SFY SoFi Select 500 ETF 61.8 0 24 5.4 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 61.1 9 15 6.3 +0.4
SPXE ProShares S&P 500 Ex-Energy ETF 60.7 27 -3 5.5 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 60.6 20 4 5.6 -0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 60.4 42 -18 5.7 -0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 57.3 9 15 5.6 -0.3
AVUS Avantis U.S. Equity ETF 55.8 15 9 5.9 -0.0
ESGV Vanguard ESG U.S. Stock ETF 55.1 12 12 5.4 -0.6
MGC Vanguard Mega Cap Index Fund 54.6 7 17 5.4 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 54.3 8 16 6.6 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 54.2 27 -3 5.2 -0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 53.1 27 -3 5.2 -0.7
CATH Global X S&P 500 Catholic Values Custom ETF 53.0 29 -5 5.4 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 52.6 12 12 5.1 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 52.5 20 4 5.1 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 51.8 15 9 5.9 -0.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 51.6 25 -1 6.7 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 51.6 39 -15 6.9 +1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 51.2 25 -1 6.6 +0.7
ESGU iShares MSCI USA ESG Optimized ETF 51.2 15 9 5.2 -0.7
IWL iShares Russell Top 200 ETF 51.1 15 9 5.2 -0.7
RWL Invesco S&P 500 Revenue ETF 48.9 39 -15 6.9 +1.0
IUS Invesco Strategic US ETF 48.6 19 5 6.3 +0.4
SNPE Xtrackers S&P 500 ESG ETF 47.8 11 13 5.3 -0.6
VLU SPDR S&P 1500 Value Tilt ETF 47.5 12 12 7.5 +1.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 46.4 30 -6 6.8 +0.9
SPXT ProShares S&P 500 Ex-Technology ETF 46.2 27 -3 5.7 -0.2
IQSU IQ Candriam ESG US Equity ETF 46.0 9 15 5.3 -0.6
IUSG iShares Core S&P US Growth ETF 45.8 4 20 4.5 -1.4
DIVB iShares U.S. Dividend & Buyback ETF 45.6 25 -1 6.6 +0.7
SPYG SPDR Portfolio S&P 500 Growth ETF 45.6 4 20 4.5 -1.4
IVW iShares S&P 500 Growth ETF 45.6 18 6 4.4 -1.5
VOOG Vanguard S&P 500 Growth ETF 45.5 10 14 4.5 -1.5
DTD WisdomTree U.S.Total Dividend Fund 43.1 28 -4 6.7 +0.8
VONG Vanguard Russell 1000 Growth Index Fund 42.6 8 16 4.5 -1.5
IWF iShares Russell 1000 Growth ETF 42.6 19 5 4.4 -1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 41.8 28 -4 6.5 +0.5
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 41.5 29 -5 4.4 -1.5
ESG FlexShares STOXX US ESG Impact Index Fund 41.1 32 -8 5.3 -0.7
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 40.9 29 -5 6.2 +0.3
OEF iShares S&P 100 ETF 40.7 20 4 5.0 -0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 39.5 60 -36 4.6 -1.3
EUSA iShares MSCI USA Equal Weighted ETF 39.3 15 9 6.2 +0.3
EXT WisdomTree U.S. Total Earnings Fund 39.3 28 -4 5.9 -0.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.8 15 9 6.4 +0.5
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 38.7 9 15 6.0 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 38.5 15 9 6.0 +0.1
RSP Invesco S&P 500 Equal Weight ETF 37.9 20 4 6.9 +1.0
AFLG First Trust Active Factor Large Cap ETF 37.7 55 -31 5.6 -0.3
DGRO iShares Core Dividend Growth ETF 37.7 8 16 6.6 +0.7
IUSV iShares Core S&P U.S. Value ETF 37.6 4 20 7.5 +1.6
VOOV Vanguard S&P 500 Value ETF 37.4 15 9 7.3 +1.4
SPYV SPDR Portfolio S&P 500 Value ETF 37.4 4 20 7.4 +1.5
IVE iShares S&P 500 Value ETF 37.4 18 6 7.3 +1.4
KRMA Global X Conscious Companies ETF 36.9 43 -19 5.4 -0.6
VUG Vanguard Growth Index Fund 36.6 4 20 4.2 -1.7
SCHG Schwab U.S. Large-Cap Growth ETF 36.3 4 20 4.3 -1.6
RECS Columbia Research Enhanced Core ETF 35.9 15 9 5.7 -0.2
RNLC Large Cap US Equity Select ETF 35.7 60 -36 6.3 +0.4
IWY iShares Russell Top 200 Growth ETF 35.7 20 4 4.4 -1.6
NACP Impact Shares NAACP Minority Empowerment ETF 35.4 75 -51 4.6 -1.3
DSI iShares MSCI KLD 400 Social ETF 34.1 25 -1 5.3 -0.6
VEGN US Vegan Climate ETF 33.9 60 -36 5.3 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 33.5 32 -8 7.7 +1.8
ROUS Hartford Multifactor US Equity ETF 33.5 19 5 7.3 +1.4
SPDW SPDR Portfolio Developed World ex-US ETF 33.3 4 20 7.4 +1.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 33.3 35 -11 5.9 -0.0
IXUS ishares Core MSCI Total International Stock ETF 33.3 9 15 7.8 +1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 33.3 19 5 6.3 +0.4
EQWL Invesco Russell Top 200 Equal Weight ETF 33.3 25 -1 6.1 +0.2
DGT SPDR Global Dow ETF 33.3 50 -26 7.0 +1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 33.3 34 -10 5.2 -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 World 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 13.2 %
Divided by: Fwd. P/BV 2.2 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.51
 
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.