ISZE
iShares MSCI Intl Size Factor ETF
The iShares MSCI International Developed Size Factor ETF tracks an index of large- and midcap equities in developed markets outside the US. Stocks are selected by market cap and weighted inversely to price volatility.
Fund Basics
Fund sponsor | BlackRock |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Jun 16, 2015 |
Assets (mns) | $5 |
Expense ratio | 30 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Volatility |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
Vanguard Extended Duration Treasury ETF | 0.4 % |
NITORI CO LTD | 0.3 % |
NOVOZYMES A/S-B SHARES | 0.2 % |
DAINIPPON SCREEN MFG CO LTD | 0.2 % |
SUMCO CORP | 0.2 % |
RHEINMETALL AG | 0.2 % |
HOYA CORP | 0.2 % |
DAITO TRUST CONSTRUCT CO LTD | 0.2 % |
MITSUI SUMITOMO INSURANCE GR | 0.2 % |
ASML HOLDING NV | 0.2 % |
Constituent Breakdown
Number of holdings | 846 |
Herfindahl-Hirschman Index | 12 |
Wgt avg mkt cap (mns) | $26,752 |
Large cap (>$10bn) | 62.9% |
Mid cap ($2-10bn) | 36.7% |
Small cap (<$2bn) | 0.2% |
Developed mkts. | 99.6% |
Emerging mkts. | 0.4% |
Country Exposure
JAPAN | 25.6 % | |
CANADA | 9.7 % | |
BRITAIN | 8.4 % | |
AUSTRALIA | 6.8 % | |
FRANCE | 6.2 % | |
GERMANY | 6.1 % | |
SWITZERLAND | 4.6 % | |
SWEDEN | 4.3 % | |
NETHERLANDS | 3.1 % | |
HONG KONG | 3.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-0.4% | 7.2% | 1.6% | -0.1% | 4.1% | -- | 4.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.85 | 74% |
MSCI EAFE | 1.02 | 98% |
MSCI Emg Mkts | 0.84 | 71% |
Liquidity Measures
Avg. volume (000) | 8 |
Turnover | 4.0% |
Avg. Bid/Ask (% of price) | 0.35% |
ADV of underlying (mns) | $50,013 |
Technical Indicators
Recent close | $25.58 |
30d moving avg. | $25.37 |
Annualized volatility | 17.6% |
Relative strength (RSI) | 72 |
Short interest (ETF) | 6.6% |
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. ISZE |
Expenses vs. ISZE |
ALTAR Score™ vs. ISZE |
---|---|---|---|---|
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 53.7% | -5 bp | +0.9% |
CIZ | VictoryShares Developed Enhanced Volatility Wtd ETF | 52.2% | +21 bp | +0.2% |
CIL | VictoryShares International Volatility Wtd ETF | 52.1% | +15 bp | +0.3% |
EFA | iShares MSCI EAFE ETF | 49.5% | +5 bp | -0.2% |
IDEV | iShares Core MSCI International Developed Markets ETF | 48.4% | -26 bp | +0.1% |
JHMD | John Hancock Multifactor Developed International ETF | 48.2% | +9 bp | +0.8% |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 48.1% | -10 bp | -0.3% |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 47.9% | +6 bp | -0.2% |
BKIE | BNY Mellon International Equity ETF | 47.7% | -26 bp | +0.3% |
SPDW | SPDR Portfolio Developed World ex-US ETF | 47.7% | -27 bp | +0.3% |
Risk and Returns: ISZE 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 4/18/2024
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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
ISZE
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™
ISZE
6.7%
Cat. Avg
7.3%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.7% |
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 257 funds in the International Equities category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. ISZE's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places ISZE in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ISZE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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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) |
|
---|---|---|---|
ISZE | 30.0 | 34.6 | 64.6 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .