ESMV
iShares ESG MSCI USA Min Vol Factor ETF
ESMV tracks an index of large- and midcap US stocks that have low volatility and positive ESG characteristics.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
18 bp
EXPENSES
$12.1 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | Blackrock |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Nov 02, 2021 |
Assets (mns) | $12 |
Expense ratio | 18 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Multi-Factor |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
VERTEX PHARMACEUTICALS INC | 1.6 % |
WASTE MANAGEMENT INC | 1.6 % |
ELI LILLY & CO | 1.6 % |
INTL BUSINESS MACHINES CORP | 1.6 % |
MOTOROLA SOLUTIONS | 1.6 % |
AMGEN INC | 1.5 % |
MICROSOFT CORP | 1.5 % |
TEXAS INSTRUMENTS INC | 1.5 % |
MARSH & MCLENNAN COS | 1.5 % |
PUBLIC SERVICE ENTERPRISE GP | 1.5 % |
Constituent Breakdown
Number of holdings | 151 |
Herfindahl-Hirschman Index | 101 |
Wgt avg mkt cap (mns) | $202,045 |
Large cap (>$10bn) | 98.6% |
Mid cap ($2-10bn) | 0.3% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 99.6% |
Emerging mkts. | 0.4% |
Country Exposure
UNITED STATES | 92.9 % | |
IRELAND | 3.1 % | |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 6.5% | 13.7% | 12.3% | -- | -- | -- | 2.5% | Volatility | 8.0% | 9.0% | 13.3% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.77 | 89% |
MSCI EAFE | 0.72 | 73% |
MSCI Emg Mkts | 0.51 | 37% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.09% |
ADV of underlying (mns) | $197,083 |
Technical Indicators
Recent close | $26.85 |
30d moving avg. | $26.73 |
Annualized volatility | 15.4% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 3.5% |
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. ESMV |
Expenses vs. ESMV |
ALTAR Score™ vs. ESMV |
---|---|---|---|---|
USMV | iShares MSCI USA Min Vol Factor ETF | 58.1% | -3 bp | 0.0% |
QUS | SPDR MSCI USA StrategicFactors ETF | 42.6% | -3 bp | +0.1% |
SUSA | iShares MSCI USA ESG Select ETF | 42.1% | +7 bp | -0.6% |
EVUS | iShares ESG Aware MSCI USA Value ETF | 40.5% | 0 bp | +0.8% |
ACWV | iShares MSCI Global Min Vol Factor ETF | 39.3% | +2 bp | +0.4% |
FDLO | Fidelity Low Volatility Factor ETF | 38.6% | -3 bp | -0.5% |
ESGU | iShares ESG Aware MSCI USA ETF | 37.7% | -3 bp | -0.6% |
ROUS | Hartford Multifactor US Equity ETF | 37.5% | +1 bp | +1.1% |
SPLV | Invesco S&P 500 Low Volatility ETF | 35.3% | +7 bp | -0.5% |
ALTL | Pacer Lunt Large Cap Alternator ETF | 35.3% | +42 bp | -0.8% |
Risk and Returns: ESMV 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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
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
2023 | 2024E | Fwd Est | 2025E | |
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 7/25/2024
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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
ESMV
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™
ESMV
5.8%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.8% |
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 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. ESMV's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places ESMV in the 52nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ESMV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
ESMV (18 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ESMV | 18.0 | 8.9 | 26.9 |
Peer Avg. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .