iShares Edge MSCI USA Value Factor ETF
ALTAR
Score™
10.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.4x 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 18, 2013
Assets (mns) $5,061
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 147
Wgt avg mkt cap (mns) $92,655
Large cap (>$10bn) 87.0%
Mid cap ($2-10bn) 13.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTEL CORP 10.9 %
AT&T INC 8.2 %
INTL BUSINESS MACHINES CORP 4.0 %
MICRON TECHNOLOGY INC 3.8 %
PFIZER INC 3.1 %
BANK OF AMERICA CORP 2.9 %
GILEAD SCIENCES INC 2.3 %
CITIGROUP INC 2.2 %
CVS CAREMARK CORP 2.1 %
GENERAL MOTORS CO 2.0 %
Total 41.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 2.8 %
BRITAIN 0.9 %
BERMUDA 0.1 %







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.
-18.4% 0.1% 4.2% -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.16 92%
MSCI EAFE 1.20 85%
MSCI Emg. Mkts. 0.89 72%

Technical Indicators
Recent close $76.27
30d moving avg. $69.56
Annualized volatility 20.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 798
Turnover 1.2%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $47,727

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 10.7%


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 45.0 13 2 10.4 -0.3
RAFE PIMCO RAFI ESG U.S. ETF 35.3 29 -14 7.5 -3.2
PWV Invesco Dynamic Large Cap Value ETF 33.9 55 -40 8.0 -2.7
JVAL JPMorgan U.S. Value Factor ETF 33.1 12 3 8.5 -2.2
JKF iShares Morningstar Large Cap Value ETF 33.0 25 -10 7.5 -3.2
RPV Invesco S&P 500 Pure Value ETF 32.7 35 -20 10.6 -0.1
REVS Columbia Research Enhanced Value ETF 32.3 19 -4 7.4 -3.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 32.2 20 -5 7.5 -3.2
VALQ American Century STOXX U.S. Quality Value ETF 31.9 29 -14 8.6 -2.1
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.5 30 -15 6.6 -4.1
FVAL Fidelity Value Factor ETF 30.5 29 -14 8.0 -2.7
FTA First Trust Large Cap Value AlphaDEX Fund 29.7 60 -45 8.6 -2.1
LRGF iShares Edge MSCI Multifactor USA ETF 28.9 20 -5 6.9 -3.8
RWL Invesco S&P 500 Revenue ETF 28.1 39 -24 6.7 -4.0
VTV Vanguard Value Index Fund 26.8 4 11 7.1 -3.6
IWX iShares Russell Top 200 Value ETF 26.5 20 -5 6.9 -3.8
VLU SPDR S&P 1500 Value Tilt ETF 26.4 12 3 7.1 -3.6
RNDV US Equity Dividend Select ETF 26.4 50 -35 7.4 -3.3
FDL First Trust Morningstar Dividend Leaders Index Fund 25.9 45 -30 7.9 -2.8
SPYV SPDR Portfolio S&P 500 Value ETF 25.6 4 11 7.2 -3.5
SPVM Invesco S&P 500 Value with Momentum ETF 25.6 39 -24 8.9 -1.8
IVE iShares S&P 500 Value ETF 25.6 18 -3 7.0 -3.7
VFVA Vanguard U.S. Value Factor ETF 25.6 13 2 11.2 +0.5
VOOV Vanguard S&P 500 Value ETF 25.5 15 0 7.1 -3.6
IWD iShares Russell 1000 Value ETF 25.1 19 -4 6.9 -3.8
PRF Invesco FTSE RAFI US 1000 ETF 25.1 39 -24 6.6 -4.1
MGV Vanguard Mega Cap Value ETF 25.0 7 8 7.0 -3.7
VONV Vanguard Russell 1000 Value Index Fund 25.0 8 7 7.0 -3.7
USDY Pacific Global US Equity Income ETF 24.7 29 -14 7.5 -3.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 24.5 25 -10 6.4 -4.3
IUSV iShares Core S&P U.S. Value ETF 24.4 4 11 7.2 -3.5
SPDV AAM S&P 500 High Dividend Value ETF 23.9 29 -14 10.3 -0.3
SCHV Schwab U.S. Large-Cap Value ETF 23.8 4 11 6.9 -3.8
ONEY SPDR Russell 1000 Yield Focus ETF 23.7 20 -5 8.0 -2.7
ESGS Columbia Sustainable U.S. Equity Income ETF 23.6 35 -20 8.6 -2.1
DHS WisdomTree U.S. High Dividend Fund 23.6 38 -23 8.2 -2.5
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 23.5 75 -60 6.0 -4.7
FMK First Trust Mega Cap AlphaDEX Fund 23.3 70 -55 5.2 -5.5
DIVB iShares U.S. Dividend & Buyback ETF 23.2 25 -10 6.3 -4.4
VYM Vanguard High Dividend Yield Index ETF 23.2 6 9 7.1 -3.6
FDRR Fidelity Dividend ETF for Rising Rates 22.9 29 -14 6.9 -3.8
FAB First Trust Multi Cap Value AlphaDEX Fund 22.9 71 -56 8.9 -1.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 22.8 25 -10 6.4 -4.3
IUS Invesco Strategic US ETF 22.7 19 -4 6.2 -4.5
JKI iShares Morningstar Mid-Cap Value ETF 22.2 30 -15 9.1 -1.6
WLDR Affinity World Leaders Equity ETF 21.7 47 -32 9.5 -1.2
DTN WisdomTree U.S. Dividend ex-Financials Fund 21.6 38 -23 7.7 -3.0
FEX First Trust Large Cap Core AlphaDEX Fund 21.6 60 -45 5.9 -4.8
RNLC Large Cap US Equity Select ETF 21.5 60 -45 6.0 -4.7
PVAL Principal Contrarian Value Index ETF 21.4 29 -14 7.2 -3.5
RSP Invesco S&P 500 Equal Weight ETF 21.3 20 -5 6.6 -4.1
EQWL Invesco Russell Top 200 Equal Weight ETF 21.3 25 -10 5.9 -4.8
EPS WisdomTree U.S. Earnings 500 Fund 21.2 8 7 6.4 -4.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 20.5 17 -2 6.8 -3.9
SCHD Schwab U.S. Dividend Equity ETF 20.4 6 9 7.2 -3.5
SPYB SPDR S&P 500 Buyback ETF 20.4 35 -20 9.5 -1.2
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 20.4 15 0 6.6 -4.1
DLN WisdomTree U.S. LargeCap Dividend Fund 19.9 28 -13 6.3 -4.4
SYV SPDR MFS Systematic Value Equity ETF 19.9 60 -45 7.1 -3.6
SDOG ALPS Sector Dividend Dogs ETF 19.7 40 -25 9.7 -1.0
EUSA iShares MSCI USA Equal Weighted ETF 19.2 15 0 6.0 -4.7
IWS iShares Russell Mid-Cap Value ETF 19.1 24 -9 6.9 -3.8
BVAL Brand Value ETF 18.9 65 -50 5.9 -4.8
TDIV First Trust NASDAQ Technology Dividend Index Fund 18.9 50 -35 5.7 -5.0
NULV Nuveen ESG Large-Cap Value ETF 18.8 35 -20 7.3 -3.4
DTD WisdomTree U.S.Total Dividend Fund 18.7 28 -13 6.5 -4.2
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 18.6 35 -20 8.2 -2.5
SIZE iShares Edge MSCI USA Size Factor ETF 18.6 15 0 5.8 -4.9
QDYN FlexShares Quality Dividend Dynamic Index Fund 18.6 37 -22 6.7 -4.0
SPYD SPDR S&P 500 High Dividend ETF 18.6 7 8 9.9 -0.8
ONEO SPDR Russell 1000 Momentum Focus ETF 18.5 20 -5 6.4 -4.3
SPHB Invesco S&P 500 High Beta ETF 18.5 25 -10 9.3 -1.4
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 18.5 49 -34 9.2 -1.5
QLC FlexShares US Quality Large Cap Index Fund 18.5 32 -17 5.5 -5.2
ROUS Hartford Multifactor US Equity ETF 18.4 19 -4 7.1 -3.6
PKW Invesco Buyback Achievers ETF 18.1 62 -47 6.6 -4.1
VOE Vanguard Mid-Cap Value Index Fund 18.1 7 8 7.6 -3.1
VUSE Vident Core US Equity Fund 17.8 48 -33 7.5 -3.2
QDF FlexShares Quality Dividend Index Fund 17.8 37 -22 6.8 -3.9
TUSA First Trust Total US Market AlphaDEX ETF 17.8 70 -55 5.9 -4.8
RECS Columbia Research Enhanced Core ETF 17.7 15 0 5.6 -5.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 17.7 29 -14 6.1 -4.6
SMH VanEck Vectors Semiconductor ETF 17.6 35 -20 5.6 -5.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 17.4 19 -4 5.6 -5.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 17.3 30 -15 9.1 -1.6
DEW WisdomTree Global High Dividend Fund 17.3 58 -43 9.0 -1.7
FLQL Franklin LibertyQ U.S. Equity ETF 17.3 15 0 6.2 -4.5
HLAL Wahed FTSE USA Shariah ETF 17.1 50 -35 4.6 -6.1
QDIV Global X S&P 500 Quality Dividend ETF 17.1 20 -5 8.1 -2.6
SCIU Global X Scientific Beta US ETF 17.0 19 -4 5.7 -5.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 17.0 29 -14 7.0 -3.7
VFMF Vanguard U.S. Multifactor ETF 17.0 18 -3 7.2 -3.5
SLT Salt TruBeta High Exposure ETF 17.0 29 -14 6.3 -4.4
GBDV Global Beta Smart Income ETF 16.9 29 -14 11.4 +0.7
DVY iShares Select Dividend ETF 16.9 39 -24 7.9 -2.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 16.8 9 6 5.8 -4.9
SYLD Cambria Shareholder Yield ETF 16.7 59 -44 8.5 -2.2
RDIV Invesco S&P Ultra Dividend Revenue ETF 16.7 39 -24 10.2 -0.5
MAGA Point Bridge GOP Stock Tracker ETF 16.6 72 -57 6.3 -4.4

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 14.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 10.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.53
 
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.