iShares Core U.S. REIT ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.4x P/Sales
ratio
6.3x
P/BV
ratio
1.9x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares Core U.S. REIT ETF seeks to track the investment results of an index composed of U.S. real estate equities.

FUND BASICS
Category US Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date May 01, 2007
Assets (mns) $1,374
Currency USD
Expense ratio 8 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 149
Wgt avg mkt cap (mns) $19,819
Large cap (>$10bn) 59.1%
Mid cap ($2-10bn) 32.7%
Small cap (<$2bn) 8.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
PROLOGIS INC 8.4 %
EQUINIX INC 7.6 %
DIGITAL REALTY TRUST INC 4.8 %
PUBLIC STORAGE 3.6 %
AVALONBAY COMMUNITIES INC 2.7 %
EQUITY RESIDENTIAL 2.7 %
WELLTOWER, INC. 2.6 %
REALTY INCOME CORP 2.5 %
SIMON PROPERTY GROUP INC 2.5 %
ALEXANDRIA REAL ESTATE EQUIT 2.5 %
Total 39.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %
CANADA 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.
-18.9% -13.3% 4.1% 8.4% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 0.82 53%
MSCI EAFE 0.84 49%
MSCI Emg. Mkts. 0.59 38%

Technical Indicators
Recent close $44.39
30d moving avg. $44.19
Annualized volatility 19.1%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.8%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 244
Turnover 0.8%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $11,402

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares Core U.S. REIT ETF ETF based on the alternatives' overlap in portfolio holdings with USRT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USRT Expense: 8 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USRT
Ticker Fund
Name
Overlap1
vs USRT
(%)
Expense
ratio
(bp)
Savings
vs USRT
(bp)
ALTAR
Score™
(%)
ALTAR
vs USRT
(%)
FRI First Trust S&P REIT Index Fund 97.8 50 -42 7.0 -0.4
BBRE JPMorgan BetaBuilders MSCI U.S. REIT ETF 97.0 11 -3 7.4 -0.0
RWR SPDR Dow Jones REIT ETF 82.9 25 -17 7.4 +0.0
SCHH Schwab U.S. REIT ETF 76.6 7 1 6.6 -0.8
FREL Fidelity MSCI Real Estate Index ETF 73.4 8 -0 6.6 -0.8
PSR Invesco Active U.S. Real Estate Fund 73.1 35 -27 6.3 -1.1
IYR iShares U.S. Real Estate ETF 69.3 42 -34 6.5 -0.9
VNQ Vanguard REIT Index Fund 65.3 12 -4 6.6 -0.8
REET iShares Global REIT ETF 65.1 14 -6 7.4 -0.1
PPTY PPTY-U.S. Diversified Real Estate ETF 64.8 53 -45 6.4 -1.0
ICF iShares Cohen & Steers REIT ETF 60.8 34 -26 6.0 -1.4
RWO SPDR Dow Jones Global Real Estate ETF 59.9 50 -42 7.0 -0.4
XLRE The Real Estate Select Sector SPDR Fund 59.1 13 -5 5.6 -1.8
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 53.4 60 -52 7.2 -0.3
EWRE Invesco S&P 500 Equal Weight Real Estate ETF 48.4 40 -32 6.9 -0.5
GQRE FlexShares Global Quality Real Estate Index Fund 40.2 45 -37 6.9 -0.5
REZ iShares Residential Real Estate Capped ETF 36.4 48 -40 6.2 -1.2
RORE Hartford Multifactor REIT ETF 31.0 45 -37 15.3 +7.9
NURE Nuveen Short-Term REIT ETF 27.8 35 -27 7.3 -0.2
GRI ALPS REIT Dividend Dogs ETF 27.4 35 -27 16.6 +9.2
HOMZ Hoya Capital Housing ETF 23.9 45 -37 7.8 +0.4
IYF iShares U.S. Financials ETF 16.8 42 -34 7.2 -0.2
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 15.9 60 -52 2.5 -4.9
DON WisdomTree U.S. MidCap Dividend Fund 15.3 38 -30 7.8 +0.4
INDS Pacer Benchmark Industrial Real Estate SCTR ETF 15.2 60 -52 4.2 -3.2
JKG iShares Morningstar Mid-Cap ETF 14.9 25 -17 5.6 -1.8
VRAI Virtus Real Asset Income ETF 14.5 55 -47 11.2 +3.8
NUMV Nuveen ESG Mid-Cap Value ETF 13.3 40 -32 7.8 +0.4
QDIV Global X S&P 500 Quality Dividend ETF 13.2 20 -12 7.7 +0.3
LVHD Legg Mason Low Volatility High Dividend ETF 13.0 27 -19 8.8 +1.4
SPYD SPDR S&P 500 High Dividend ETF 12.5 7 1 10.4 +3.0
LGLV SPDR Russell 1000 Low Volatility ETF 12.3 12 -4 5.7 -1.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 12.0 30 -22 9.8 +2.4
PVAL Principal Contrarian Value Index ETF 11.8 29 -21 10.2 +2.7
NETL NETLease Corporate Real Estate ETF 11.4 60 -52 8.1 +0.7
JKJ iShares Morningstar Small-Cap ETF 10.7 25 -17 6.8 -0.6
ONEY SPDR Russell 1000 Yield Focus ETF 10.7 20 -12 9.4 +2.0
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 10.7 60 -52 5.4 -2.0
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 10.6 35 -27 5.4 -2.1
DHS WisdomTree U.S. High Dividend Fund 10.5 38 -30 8.7 +1.3
IWS iShares Russell Mid-Cap Value ETF 10.2 24 -16 7.3 -0.1
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.2 38 -30 8.0 +0.6
IJJ iShares S&P Mid-Cap 400 Value ETF 9.9 25 -17 8.7 +1.3
MDYV SPDR S&P 400 Mid Cap Value ETF 9.9 15 -7 8.8 +1.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 9.8 15 -7 8.7 +1.3
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 9.5 7 1 5.5 -1.9
CZA Invesco Zacks Mid-Cap ETF 9.4 76 -68 6.3 -1.1
MDY SPDR S&P Midcap 400 ETF Trust 9.3 23 -15 6.5 -0.9
IJH iShares Core S&P Mid-Cap ETF 9.3 6 2 6.7 -0.7
SPMD SPDR Portfolio Mid Cap ETF 9.3 5 3 6.7 -0.7
VTWV Vanguard Russell 2000 Value Index Fund 9.2 15 -7 7.5 +0.1
IVOO Vanguard S&P Mid-Cap 400 ETF 9.1 10 -2 6.5 -0.9
IWN iShares Russell 2000 Value ETF 9.0 24 -16 7.4 -0.1
JDIV JPMorgan U.S. Dividend ETF 8.9 12 -4 7.9 +0.5
SCHM Schwab U.S. Mid-Cap ETF 8.9 4 4 6.3 -1.1
ROOF IQ US Real Estate Small Cap ETF 8.6 70 -62 11.8 +4.4
JHSC John Hancock Multifactor Small Cap ETF 8.4 42 -34 6.0 -1.5
FNDA Schwab Fundamental U.S. Small Co. Index ETF 8.4 25 -17 6.8 -0.6
VBR Vanguard Small Cap Value Index Fund 8.4 7 1 8.5 +1.1
IJK iShares S&P Mid-Cap 400 Growth ETF 8.3 24 -16 4.9 -2.5
MDYG SPDR S&P 400 Mid Cap Growth ETF 8.3 15 -7 5.0 -2.4
EWMC Invesco S&P MidCap 400 Equal Weight ETF 8.2 40 -32 7.3 -0.1
BOSS Global X Founder-Run Companies ETF 8.1 45 -37 3.7 -3.7
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 8.1 15 -7 5.0 -2.5
OLD The Long-Term Care ETF 8.1 30 -22 6.5 -1.0
FSMD Fidelity Small-Mid Factor ETF 8.1 29 -21 7.1 -0.3
PBSM Invesco PureBeta MSCI USA Small Cap ETF 7.9 6 2 5.4 -2.0
RNMC Mid Cap US Equity Select ETF 7.9 60 -52 7.8 +0.4
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 7.7 17 -9 5.2 -2.2
XMMO Invesco S&P MidCap Momentum ETF 7.7 39 -31 4.7 -2.7
VB Vanguard Small-Cap ETF 7.7 5 3 5.4 -2.0
KNOW Direxion All Cap Insider Sentiment Shares 7.6 66 -58 5.0 -2.5
VOT Vanguard Mid-Cap Growth Index Fund 7.5 7 1 3.5 -3.9
BIBL Inspire ETF 7.4 35 -27 4.9 -2.5
NUSC Nuveen ESG Small-Cap ETF 7.4 40 -32 5.4 -2.0
DES WisdomTree U.S. SmallCap Dividend Fund 7.3 38 -30 8.8 +1.4
SFYX Sofi Next 500 ETF 7.3 0 8 6.0 -1.4
PFI Invesco DWA Financial Momentum ETF 7.2 60 -52 3.6 -3.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 7.2 4 4 5.8 -1.6
VBK Vanguard Small-Cap Growth Index Fund 7.2 7 1 2.4 -5.0
IWR iShares Russell Midcap ETF 7.1 19 -11 5.7 -1.8
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 7.1 20 -12 4.7 -2.7
MILN Global X Millennials Thematic ETF 7.1 50 -42 2.5 -4.9
BKSE BNY Mellon US Small Cap Core Equity ETF 7.0 4 4 5.7 -1.7
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 6.8 30 -22 6.0 -1.5
VXF Vanguard Extended Market Index Fund 6.8 7 1 3.8 -3.6
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 6.7 15 -7 6.9 -0.5
AFMC First Trust Active Factor Mid Cap ETF 6.6 65 -57 6.4 -1.0
MIDF iShares Edge MSCI Multifactor USA Mid-Cap ETF 6.6 25 -17 7.9 +0.5
VFLQ Vanguard U.S. Liquidity Factor ETF 6.6 14 -6 4.7 -2.7
FDVV Fidelity Core Dividend ETF 6.4 29 -21 7.2 -0.3
CVY Invesco Zacks Multi-Asset Income ETF 6.4 97 -89 11.6 +4.2
VO Vanguard Mid-Cap Index Fund 6.3 4 4 5.5 -1.9
PMOM Principal Sustainable Momentum Index ETF 6.3 29 -21 9.1 +1.7
DTD WisdomTree U.S.Total Dividend Fund 6.3 28 -20 6.7 -0.7
RNDV US Equity Dividend Select ETF 6.1 50 -42 7.7 +0.3
KBWY Invesco KBW Premium Yield Equity REIT ETF 6.1 35 -27 15.8 +8.4
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 6.1 24 -16 7.3 -0.1
SCHA Schwab U.S. Small-Cap ETF 6.0 4 4 4.7 -2.7

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Core U.S. REIT 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 13.9 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.