IEDI
iShares U.S. Consumer Focused ETF
The iShares Evolved U.S. Discretionary Spending ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the discretionary spending sector, according to an alternative classification system defined by machine learni
US
EQUITY
Active
MANAGEMENT STYLE
18 bp
EXPENSES
$21.4 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | BlackRock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 21, 2018 |
| Assets (mns) | $21 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HOME DEPOT INC | 12.1 % |
| COSTCO WHOLESALE CORP | 8.8 % |
| AMAZON.COM INC | 8.2 % |
| WAL-MART STORES INC | 7.2 % |
| TJX COMPANIES INC | 4.1 % |
| LOWE'S COS INC | 4.1 % |
| CHIPOTLE MEXICAN GRILL-CL A | 3.4 % |
| O'REILLY AUTOMOTIVE INC | 2.4 % |
| TARGET CORP | 2.2 % |
| ROSS STORES INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 201 |
| Herfindahl-Hirschman Index | 461 |
| Wgt avg mkt cap (mns) | $409,120 |
| Large cap (>$10bn) | 91.5% |
| Mid cap ($2-10bn) | 8.2% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 98.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.4% | 22.0% | 21.1% | 4.8% | 12.7% | -- | 13.0% | Volatility | 11.9% | 12.5% | 18.2% | 19.4% | 21.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 88% |
| MSCI EAFE | 0.94 | 68% |
| MSCI Emg Mkts | 0.67 | 36% |
Liquidity Measures
| Avg. volume (000) | 4 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $134,717 |
Technical Indicators
| Recent close | $47.49 |
| 30d moving avg. | $48.68 |
| Annualized volatility | 19.8% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 2.3% |
| Short interest (underlying) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IEDI |
Expenses vs. IEDI |
ALTAR Score™ vs. IEDI |
|---|---|---|---|---|
| RTH | VanEck Retail ETF | 55.0% | +17 bp | +1.3% |
| IYC | iShares U.S. Consumer Discretionary ETF | 54.4% | +22 bp | -1.3% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 47.2% | -10 bp | -0.1% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 45.3% | -9 bp | +0.1% |
| VCR | Vanguard Consumer Discretionary ETF | 45.2% | -8 bp | -0.3% |
| RXI | iShares Global Consumer Discretionary ETF | 34.0% | +23 bp | +0.6% |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 29.8% | +22 bp | -0.9% |
| MILN | Global X Millennial Consumer ETF | 26.2% | +32 bp | -2.1% |
| FSTA | FIDELITY COVINGTON TRUST MSCI CONSUMER STAPLES INDEX ETF | 25.1% | -10 bp | +0.9% |
| VDC | Vanguard Consumer Staples ETF | 25.0% | -8 bp | +0.9% |
Risk and Returns: IEDI 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
Peer Group Comparison Sample data. Subscribe for access.
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
IEDI
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™
IEDI
5.2%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
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%. IEDI's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places IEDI in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IEDI
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| IEDI (18 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IEDI | 18.0 | 12.1 | 30.1 |
| Peer Avg. | 69.7 | 23.8 | 93.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .