ISZE
iShares Edge 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) | $15 |
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 Inde | 0.4 % |
KAWASAKI KISEN KAISHA LTD | 0.2 % |
DAITO TRUST CONSTRUCT CO LTD | 0.2 % |
OCADO GROUP PLC | 0.2 % |
HITACHI CONSTRUCTION MACHINE | 0.2 % |
FUTU HOLDINGS LTD. SPONSORED ADR CLASS A | 0.2 % |
MITSUI OSK LINES LTD | 0.2 % |
CAMECO CORP | 0.2 % |
ONEX CORPORATION | 0.2 % |
CENTRICA PLC | 0.2 % |
Constituent Breakdown
Number of holdings | 880 |
Herfindahl-Hirschman Index | 12 |
Wgt avg mkt cap (mns) | $12,188 |
Large cap (>$10bn) | 32.8% |
Mid cap ($2-10bn) | 39.5% |
Small cap (<$2bn) | 0.4% |
Developed mkts. | 99.7% |
Emerging mkts. | 0.3% |
Country Exposure
JAPAN | 28.1 % | |
CANADA | 9.4 % | |
BRITAIN | 8.8 % | |
AUSTRALIA | 6.2 % | |
GERMANY | 6.0 % | |
FRANCE | 5.9 % | |
SWITZERLAND | 4.5 % | |
SWEDEN | 3.7 % | |
HONG KONG | 3.2 % | |
NETHERLANDS | 3.0 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
9.2% | 13.8% | -5.2% | 3.9% | 2.5% | -- | 3.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.89 | 74% |
MSCI EAFE | 1.00 | 97% |
MSCI Emg Mkts | 0.83 | 64% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.18% |
ADV of underlying (mns) | $33,898 |
Technical Indicators
Recent close | $24.53 |
30d moving avg. | $25.28 |
Annualized volatility | 18.5% |
Relative strength (RSI) | 39 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 0.0% |
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. ISZE |
Expenses vs. ISZE |
ALTAR Score™ vs. ISZE |
---|---|---|---|---|
PXUS | Principal International Adaptive Multi-Factor ETF | 56.4% | -6 bp | +0.2% |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 54.8% | -5 bp | +1.6% |
EFA | iShares MSCI EAFE ETF | 50.0% | +2 bp | +0.4% |
CIZ | VictoryShares Developed Enhanced Volatility Weighted Index E | 49.9% | +17 bp | +0.8% |
CIL | VictoryShares International Volatility Weighted Index ETF | 49.7% | +15 bp | +0.7% |
JHMD | John Hancock Multifactor Developed International ETF | 48.9% | +9 bp | +1.0% |
IDEV | iShares Core MSCI International Developed Markets ETF | 48.7% | -26 bp | +0.5% |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 48.6% | +5 bp | +0.2% |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 48.3% | -10 bp | +0.3% |
HFXI | IQ 50 Percent Hedged FTSE International ETF | 48.1% | -10 bp | +0.6% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 9/26/2023
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
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ISZE
7.3%
Cat. Avg
8.2%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.3% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 271 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. ISZE's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places ISZE in the 37th 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 | |
Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ISZE | 30.0 | 17.7 | 47.7 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .