iShares Edge MSCI USA Value Factor ETF
ALTAR
Score™
11.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.2x P/Sales
ratio
0.9x
P/BV
ratio
1.4x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI USA Value Weighted Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses.

FUND BASICS
Category US Equities
Fund Sponsor iShares/USA
Website www.ishares.com
Inception date Apr 16, 2013
Assets (mns) $7,225
Currency USD
Expense ratio 15 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Fundamental
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 149
Wgt avg mkt cap (mns) $74,993
Large cap (>$10bn) 89.1%
Mid cap ($2-10bn) 10.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTEL CORP 8.1 %
AT&T INC 7.1 %
MICRON TECHNOLOGY INC 3.6 %
GENERAL MOTORS CO 3.3 %
INTL BUSINESS MACHINES CORP 3.3 %
FEDEX CORP 2.6 %
TARGET CORP 2.4 %
PFIZER INC 2.3 %
CITIGROUP INC 2.0 %
FORD MOTOR CO 1.7 %
Total 36.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.7 %
IRELAND 3.0 %
BRITAIN 0.7 %
NETHERLANDS 0.4 %
SWITZERLAND 0.4 %
BERMUDA 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.9% -7.4% 7.0% -- 7.6%

Market Correlations
versus... Beta R-squared
S&P500 1.09 89%
MSCI EAFE 1.16 83%
MSCI Emg. Mkts. 0.83 67%

Technical Indicators
Recent close $77.77
30d moving avg. $75.37
Annualized volatility 20.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 1,461
Turnover 1.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $32,155

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VLUE Expense: 15 bp ALTAR Score™: 11.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VLUE
Ticker Fund
Name
Overlap1
vs VLUE
(%)
Expense
ratio
(bp)
Savings
vs VLUE
(bp)
ALTAR
Score™
(%)
ALTAR
vs VLUE
(%)
SPVU Invesco S&P 500 Enhanced Value ETF 40.4 13 2 11.3 +0.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 37.4 20 -5 7.3 -3.7
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.5 30 -15 6.4 -4.7
LRGF iShares Edge MSCI Multifactor USA ETF 33.0 20 -5 7.0 -4.1
RPV Invesco S&P 500 Pure Value ETF 32.6 35 -20 10.4 -0.7
RAFE PIMCO RAFI ESG U.S. ETF 31.8 29 -14 7.4 -3.6
FTA First Trust Large Cap Value AlphaDEX Fund 31.3 60 -45 8.8 -2.2
JVAL JPMorgan U.S. Value Factor ETF 31.0 12 3 8.1 -2.9
RNDV US Equity Dividend Select ETF 30.8 50 -35 7.7 -3.4
JKI iShares Morningstar Mid-Cap Value ETF 29.4 30 -15 8.6 -2.5
VALQ American Century STOXX U.S. Quality Value ETF 29.4 29 -14 8.7 -2.3
RWL Invesco S&P 500 Revenue ETF 29.3 39 -24 7.0 -4.1
VFVA Vanguard U.S. Value Factor ETF 28.9 14 1 10.6 -0.5
SPVM Invesco S&P 500 Value with Momentum ETF 28.7 39 -24 8.6 -2.5
FVAL Fidelity Value Factor ETF 28.5 29 -14 7.5 -3.6
PWV Invesco Dynamic Large Cap Value ETF 28.4 56 -41 8.0 -3.0
FDL First Trust Morningstar Dividend Leaders Index Fund 27.7 45 -30 10.1 -1.0
VOOV Vanguard S&P 500 Value ETF 27.1 10 5 7.1 -4.0
JKF iShares Morningstar Large Cap Value ETF 26.0 25 -10 7.5 -3.6
REVS Columbia Research Enhanced Value ETF 25.7 19 -4 7.6 -3.5
SPYV SPDR Portfolio S&P 500 Value ETF 25.7 4 11 7.1 -3.9
IVE iShares S&P 500 Value ETF 25.7 18 -3 7.0 -4.1
VTV Vanguard Value Index Fund 25.7 4 11 7.2 -3.9
WLDR Affinity World Leaders Equity ETF 25.6 47 -32 9.8 -1.3
VLU SPDR S&P 1500 Value Tilt ETF 25.3 12 3 7.1 -4.0
ONEY SPDR Russell 1000 Yield Focus ETF 25.2 20 -5 8.6 -2.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 25.2 25 -10 6.5 -4.6
RNLC Large Cap US Equity Select ETF 25.0 60 -45 5.9 -5.2
USDY Pacific Global US Equity Income ETF 24.9 29 -14 7.0 -4.0
PRF Invesco FTSE RAFI US 1000 ETF 24.7 39 -24 6.6 -4.5
DHS WisdomTree U.S. High Dividend Fund 24.7 38 -23 8.6 -2.4
IUSV iShares Core S&P U.S. Value ETF 24.5 4 11 7.2 -3.8
IUS Invesco Strategic US ETF 24.4 19 -4 6.3 -4.8
FUNL CornerCap Fundametrics Large-Cap ETF 24.2 50 -35 8.0 -3.1
FAB First Trust Multi Cap Value AlphaDEX Fund 24.1 71 -56 9.2 -1.8
VYM Vanguard High Dividend Yield Index ETF 23.9 6 9 7.3 -3.8
MGV Vanguard Mega Cap Value ETF 23.9 7 8 7.1 -4.0
ESGS Columbia Sustainable U.S. Equity Income ETF 23.9 35 -20 8.5 -2.6
DIVB iShares U.S. Dividend & Buyback ETF 23.7 25 -10 6.6 -4.4
EQWL Invesco Russell Top 200 Equal Weight ETF 23.7 25 -10 6.1 -5.0
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 23.4 17 -2 6.6 -4.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 23.2 25 -10 6.5 -4.5
VOE Vanguard Mid-Cap Value Index Fund 22.9 7 8 7.4 -3.7
SIZE iShares Edge MSCI USA Size Factor ETF 22.9 15 0 5.9 -5.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 22.8 38 -23 7.8 -3.3
COWZ Pacer US Cash Cows 100 ETF 22.7 49 -34 11.4 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 22.5 15 0 5.9 -5.1
RSP Invesco S&P 500 Equal Weight ETF 22.4 20 -5 6.3 -4.8
FDRR Fidelity Dividend ETF for Rising Rates 22.4 29 -14 6.6 -4.5
ONEO SPDR Russell 1000 Momentum Focus ETF 22.3 20 -5 6.2 -4.9
VUSE Vident Core US Equity Fund 22.2 48 -33 8.6 -2.4
IWS iShares Russell Mid-Cap Value ETF 22.1 24 -9 6.7 -4.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 21.8 19 -4 5.8 -5.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 21.8 75 -60 5.2 -5.8
SDOG ALPS Sector Dividend Dogs ETF 21.8 40 -25 9.5 -1.6
VONV Vanguard Russell 1000 Value Index Fund 21.6 8 7 6.8 -4.3
IWD iShares Russell 1000 Value ETF 21.6 19 -4 6.7 -4.4
SCHV Schwab U.S. Large-Cap Value ETF 21.5 4 11 6.6 -4.4
FMK First Trust Mega Cap AlphaDEX Fund 21.2 70 -55 4.4 -6.6
DLN WisdomTree U.S. LargeCap Dividend Fund 21.1 28 -13 6.3 -4.8
FEX First Trust Large Cap Core AlphaDEX Fund 20.8 60 -45 5.7 -5.4
EPS WisdomTree U.S. Earnings 500 Fund 20.7 8 7 6.2 -4.8
IWX iShares Russell Top 200 Value ETF 20.3 20 -5 6.6 -4.5
DEW WisdomTree Global High Dividend Fund 20.3 58 -43 9.6 -1.5
DTD WisdomTree U.S.Total Dividend Fund 20.2 28 -13 6.5 -4.6
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 20.2 17 -2 6.2 -4.9
SCIU Global X Scientific Beta US ETF 20.1 19 -4 0.0 -11.1
NULV Nuveen ESG Large-Cap Value ETF 19.8 35 -20 7.1 -4.0
SPYD SPDR S&P 500 High Dividend ETF 19.8 7 8 10.8 -0.3
ACWF iShares FactorSelect MSCI Global ETF 19.7 35 -20 7.8 -3.3
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 19.7 35 -20 8.5 -2.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 19.6 50 -35 6.5 -4.5
SPDV AAM S&P 500 High Dividend Value ETF 19.5 29 -14 9.7 -1.4
ROUS Hartford Multifactor US Equity ETF 19.5 19 -4 6.3 -4.8
ONEV SPDR Russell 1000 Low Volatility Focus ETF 19.4 20 -5 6.7 -4.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 19.3 9 6 5.8 -5.3
AFLG First Trust Active Factor Large Cap ETF 19.3 55 -40 5.2 -5.8
BKMC BNY Mellon US Mid Cap Core Equity ETF 19.2 4 11 5.1 -6.0
JDIV JPMorgan U.S. Dividend ETF 18.8 12 3 7.6 -3.5
RVRS Reverse Cap Weighted U.S. Large Cap ETF 18.7 29 -14 7.2 -3.8
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 18.7 29 -14 9.0 -2.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 18.3 15 0 6.6 -4.4
SYV SPDR MFS Systematic Value Equity ETF 18.2 60 -45 7.2 -3.9
SPHB Invesco S&P 500 High Beta ETF 18.1 25 -10 8.4 -2.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 18.1 15 0 6.0 -5.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 18.0 30 -15 9.0 -2.1
FLQL Franklin LibertyQ U.S. Equity ETF 17.8 15 0 6.0 -5.1
PY Principal Shareholder Yield Index ETF 17.7 15 0 8.9 -2.2
TUSA First Trust Total US Market AlphaDEX ETF 17.5 70 -55 5.5 -5.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.3 29 -14 5.8 -5.3
HLAL Wahed FTSE USA Shariah ETF 17.1 50 -35 4.3 -6.8
DVY iShares Select Dividend ETF 17.1 39 -24 9.1 -2.0
SYLD Cambria Shareholder Yield ETF 17.1 59 -44 8.4 -2.7
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 17.0 35 -20 8.6 -2.4
JHML John Hancock Multifactor Large Cap ETF 16.9 29 -14 5.3 -5.8
VO Vanguard Mid-Cap Index Fund 16.8 4 11 5.0 -6.1
MAGA Point Bridge GOP Stock Tracker ETF 16.6 72 -57 6.2 -4.8
EXT WisdomTree U.S. Total Earnings Fund 16.6 28 -13 5.4 -5.7

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 USA Value Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.0 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 11.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.