ERET
iShares Environmentally Aware Real Estate ETF
ERET tracks an index of real estate companies from developed markets weighted based on a target exposure to green certification, energy efficiency, and level of carbon emission intensity.
Fund Basics
| Fund sponsor | Blackrock |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 17, 2022 |
| Assets (mns) | $9 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EQUINIX INC | 7.1 % |
| PROLOGIS INC | 6.4 % |
| DIGITAL REALTY TRUST INC | 3.0 % |
| WELLTOWER, INC. | 2.4 % |
| AVALONBAY COMMUNITIES INC | 2.3 % |
| EQUITY RESIDENTIAL | 2.2 % |
| PUBLIC STORAGE | 2.1 % |
| VICI PROPERTIES INC | 1.9 % |
| SIMON PROPERTY GROUP INC | 1.9 % |
| DEUTSCHE ANNINGTON IMMOBILIE | 1.5 % |
Constituent Breakdown
| Number of holdings | 338 |
| Herfindahl-Hirschman Index | 314 |
| Wgt avg mkt cap (mns) | $19,790 |
| Large cap (>$10bn) | 53.4% |
| Mid cap ($2-10bn) | 35.5% |
| Small cap (<$2bn) | 11.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 58.9 % |
 |
JAPAN | 9.9 % |
 |
SINGAPORE | 5.6 % |
 |
HONG KONG | 5.1 % |
 |
AUSTRALIA | 4.0 % |
 |
BRITAIN | 3.3 % |
 |
GERMANY | 2.2 % |
 |
CANADA | 2.0 % |
 |
FRANCE | 1.2 % |
 |
SWEDEN | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -3.1% | -- | -- | -- | -- | -- | -3.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.35% |
| ADV of underlying (mns) | $3,235 |
Technical Indicators
| Recent close | $24.80 |
| 30d moving avg. | $22.62 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 3.2% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ERET |
Expenses vs. ERET |
ALTAR Score™ vs. ERET |
|---|---|---|---|---|
| REET | iShares Global REIT ETF | 75.6% | -16 bp | +0.1% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 73.8% | +20 bp | -0.4% |
| DFGR | Dimensional Global Real Estate ETF | 69.7% | -8 bp | -0.1% |
| AVRE | Avantis Real Estate ETF | 67.3% | -13 bp | -0.6% |
| USRT | iShares Core U.S. REIT ETF | 58.3% | -22 bp | +0.5% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 58.3% | -19 bp | +0.5% |
| FRI | First Trust S&P REIT Index Fund | 58.0% | +20 bp | +0.1% |
| DFAR | Dimensional US Real Estate ETF | 56.8% | -11 bp | +0.2% |
| SCHH | Schwab U.S. REIT ETF | 55.9% | -23 bp | +0.4% |
| FREL | Fidelity MSCI Real Estate Index ETF | 55.5% | -22 bp | +0.2% |
Risk and Returns: ERET vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/1/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ERET
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ERET
7.0%
Cat. Avg
6.9%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.0% |
Recommendation
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.
Category Overview
There are 261 funds in the International Equities category, with an average ALTAR Score™
of 6.9% and a standard deviation of
2.5%. ERET's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places ERET in the 52nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ERET
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ERET | 30.0 | 35.4 | 65.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .