iShares Edge MSCI Min Vol USA ETF
ALTAR
Score™
5.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
23.4x P/Sales
ratio
2.8x
P/BV
ratio
4.2x Div.
yield
1.7%


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

FUND BASICS
Category US Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Oct 18, 2011
Assets (mns) $30,998
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 186
Wgt avg mkt cap (mns) $143,425
Large cap (>$10bn) 97.7%
Mid cap ($2-10bn) 2.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEXTERA ENERGY GROUP 1.6 %
JOHNSON & JOHNSON 1.6 %
VERTEX PHARMACEUTICALS INC 1.6 %
ELI LILLY & CO 1.6 %
MICROSOFT CORP 1.6 %
GILEAD SCIENCES INC 1.5 %
T-MOBILE US, INC. 1.5 %
MERCK & CO. INC. 1.5 %
NEWMONT MINING CORP 1.5 %
ACCENTURE PLC-CL A 1.5 %
Total 15.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 2.7 %
BRITAIN 1.3 %
CANADA 1.2 %
BERMUDA 0.9 %
SWITZERLAND 0.7 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.6% 5.6% 12.4% -- 13.4%

Market Correlations
versus... Beta R-squared
S&P500 0.73 88%
MSCI EAFE 0.67 74%
MSCI Emg. Mkts. 0.51 55%

Technical Indicators
Recent close $67.74
30d moving avg. $67.36
Annualized volatility 14.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.4%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 3,818
Turnover 0.8%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $115,824

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the iShares Edge MSCI Min Vol USA ETF ETF based on the alternatives' overlap in portfolio holdings with USMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USMV Expense: 15 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USMV
Ticker Fund
Name
Overlap1
vs USMV
(%)
Expense
ratio
(bp)
Savings
vs USMV
(bp)
ALTAR
Score™
(%)
ALTAR
vs USMV
(%)
QUS SPDR MSCI USA StrategicFactors ETF 55.1 15 0 5.3 -0.1
ACWV iShares MSCI Global Min Vol Factor ETF 49.7 20 -5 5.5 +0.1
FDLO Fidelity Low Volatility Factor ETF 48.9 29 -14 4.9 -0.4
FLLV Franklin Liberty U.S. Low Volatility ETF 41.9 29 -14 4.9 -0.4
SPLV Invesco S&P 500 Low Volatility ETF 41.8 25 -10 5.6 +0.2
LSLT Salt Low truBeta US Market ETF 41.3 60 -45 5.8 +0.4
DEF Invesco Defensive Equity ETF 41.2 55 -40 5.3 -0.1
VOOV Vanguard S&P 500 Value ETF 41.0 10 5 6.6 +1.3
SPMV Invesco S&P 500 Minimum Variance ETF 40.2 10 5 5.5 +0.1
FLQL Franklin LibertyQ U.S. Equity ETF 39.9 15 0 5.9 +0.6
ESGV Vanguard ESG U.S. Stock ETF 39.4 12 3 4.5 -0.9
RBUS Nationwide Risk-Based U.S. Equity ETF 39.3 30 -15 4.6 -0.8
JMIN JPMorgan U.S. Minimum Volatility ETF 39.1 12 3 5.3 -0.0
JQUA JPMorgan U.S. Quality Factor ETF 38.2 12 3 5.1 -0.3
HUSV First Trust Horizon Managed Volatility Domestic ETF 38.0 70 -55 4.8 -0.5
LGLV SPDR Russell 1000 Low Volatility ETF 37.6 12 3 5.2 -0.1
OUSA O'Shares FTSE US Quality Dividend ETF 37.3 48 -33 5.5 +0.2
SPYV SPDR Portfolio S&P 500 Value ETF 37.1 4 11 6.4 +1.1
IVE iShares S&P 500 Value ETF 37.1 18 -3 6.3 +0.9
ROUS Hartford Multifactor US Equity ETF 37.1 19 -4 5.9 +0.5
QWLD SPDR MSCI World StrategicFactors ETF 36.9 30 -15 5.4 +0.0
DLN WisdomTree U.S. LargeCap Dividend Fund 36.9 28 -13 6.2 +0.8
QLV FlexShares US Quality Low Volatility Index Fund 36.8 22 -7 4.3 -1.0
DGRO iShares Core Dividend Growth ETF 36.8 8 7 6.0 +0.7
MGC Vanguard Mega Cap Index Fund 36.6 7 8 4.6 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 36.5 20 -5 4.8 -0.6
PBP Invesco S&P 500 BuyWrite ETF 36.4 49 -34 4.3 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 36.3 8 7 5.9 +0.6
SPXE ProShares S&P 500 Ex-Energy ETF 36.2 27 -12 4.6 -0.7
IWL iShares Russell Top 200 ETF 36.1 15 0 4.4 -1.0
XYLG Global X S&P 500 Covered Call & Growth ETF 35.9 60 -45 4.4 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 35.8 0 15 4.5 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 35.7 9 6 4.8 -0.6
SCHV Schwab U.S. Large-Cap Value ETF 35.7 4 11 6.1 +0.7
SPXN ProShares S&P 500 Ex-Financials ETF 35.6 27 -12 4.4 -1.0
IUSV iShares Core S&P U.S. Value ETF 35.6 4 11 6.4 +1.1
SPY SPDR S&P 500 ETF Trust 35.6 9 6 4.7 -0.7
IVV iShares Core S&P 500 ETF 35.5 3 12 4.7 -0.6
SPLG SPDR Portfolio Large Cap ETF 35.5 3 12 4.7 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 35.3 7 8 4.5 -0.8
VV Vanguard Large-Cap Index Fund 35.2 4 11 4.6 -0.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 35.1 15 0 4.7 -0.7
VOO VANGUARD S&P 500 ETF 35.1 3 12 4.8 -0.5
PBUS Invesco PureBeta MSCI USA ETF 35.1 4 11 4.6 -0.8
DTD WisdomTree U.S.Total Dividend Fund 35.0 28 -13 6.3 +0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.8 2 13 4.6 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.5 20 -5 4.6 -0.8
SFY SoFi Select 500 ETF 34.5 0 15 4.6 -0.8
SCHX Schwab U.S. Large-Cap ETF 34.3 3 12 4.6 -0.8
EQWL Invesco Russell Top 200 Equal Weight ETF 33.9 25 -10 5.6 +0.3
IQSU IQ Candriam ESG US Equity ETF 33.9 9 6 4.5 -0.8
SCHK Schwab 1000 Index ETF 33.6 5 10 4.6 -0.8
IWX iShares Russell Top 200 Value ETF 33.6 20 -5 6.1 +0.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 33.5 30 -15 5.2 -0.1
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 33.5 25 -10 5.9 +0.5
XVV iShares ESG Screened S&P 500 ETF 33.5 8 7 4.9 -0.5
IWB iShares Russell 1000 ETF 33.5 15 0 4.5 -0.9
PFM Invesco Dividend Achievers ETF 33.4 53 -38 5.0 -0.3
PSET Principal Price Setters Index ETF 33.4 15 0 4.6 -0.7
SPTM SPDR Portfolio Total Stock Market ETF 33.4 3 12 4.8 -0.6
IYY iShares Dow Jones U.S. ETF 33.3 20 -5 4.4 -0.9
JHML John Hancock Multifactor Large Cap ETF 33.3 29 -14 4.9 -0.5
SPXT ProShares S&P 500 Ex-Technology ETF 33.3 27 -12 4.9 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 33.2 15 0 4.4 -0.9
AFLG First Trust Active Factor Large Cap ETF 33.2 55 -40 4.7 -0.7
VTV Vanguard Value Index Fund 33.1 4 11 6.6 +1.2
VONV Vanguard Russell 1000 Value Index Fund 32.8 8 7 6.1 +0.8
VTHR Vanguard Russell 3000 Index Fund 32.7 10 5 4.4 -1.0
FLRG Fidelity U.S. Multifactor ETF 32.5 29 -14 5.9 +0.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 32.3 35 -20 5.1 -0.3
DIVB iShares U.S. Dividend & Buyback ETF 32.3 25 -10 5.9 +0.6
MGV Vanguard Mega Cap Value ETF 32.2 7 8 6.5 +1.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.1 30 -15 5.0 -0.3
IWD iShares Russell 1000 Value ETF 31.8 19 -4 6.0 +0.7
IWV iShares Russell 3000 ETF 31.7 20 -5 4.3 -1.1
SCHB Schwab U.S. Broad Market ETF 31.7 3 12 4.5 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 31.6 29 -14 4.6 -0.8
ITOT iShares Core S&P Total U.S. Stock Market ETF 31.5 3 12 4.4 -1.0
FQAL Fidelity Quality Factor ETF 31.4 29 -14 5.0 -0.4
VONE Vanguard Russell 1000 ETF 31.2 8 7 4.6 -0.8
ACIO Aptus Collared Income Opportunity ETF 31.2 79 -64 3.8 -1.5
DFAU Dimensional US Core Equity Market ETF 31.2 12 3 4.7 -0.7
VTI Vanguard Total Stock Market Index Fund 31.1 3 12 4.4 -0.9
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 31.0 10 5 4.8 -0.5
SUSL iShares ESG MSCI USA Leaders ETF 31.0 10 5 4.8 -0.5
QDEF FlexShares Quality Dividend Defensive Index Fund 31.0 37 -22 5.5 +0.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.9 28 -13 6.0 +0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 30.9 15 0 5.8 +0.5
JPUS JPMorgan Diversified Return U.S. Equity ETF 30.9 18 -3 5.6 +0.3
KRMA Global X Conscious Companies ETF 30.9 43 -28 4.8 -0.5
VIG Vanguard Dividend Appreciation Index Fund 30.6 6 9 5.0 -0.4
OEF iShares S&P 100 ETF 30.4 20 -5 4.2 -1.1
FVL First Trust Value Line 100 ETF 30.1 70 -55 6.0 +0.6
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.1 25 -10 5.8 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 30.1 27 -12 4.3 -1.1
MXDU Nationwide Maximum Diversification US Core Equity ETF 30.1 34 -19 4.3 -1.1
SNPE Xtrackers S&P 500 ESG ETF 30.0 10 5 4.6 -0.8

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 Min Vol USA 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 20.4 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.