SIZE
iShares MSCI USA Size Factor ETF
iShares MSCI USA Risk Weighted Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks with relatively smaller average market capitalization, before fees and expenses.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
370.2 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | iShares/USA |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 16, 2013 |
| Assets (mns) | $370 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WESTERN DIGITAL CORP | 0.5 % |
| WARNER BROS. DISCOVERY, INC. SERIES A | 0.5 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 0.4 % |
| CHEVRON CORP | 0.4 % |
| TERADYNE INC | 0.4 % |
| MICRON TECHNOLOGY INC | 0.4 % |
| REDDIT INC-CL A | 0.3 % |
| MONGODB, INC. CLASS A | 0.3 % |
| ADVANCED MICRO DEVICES | 0.3 % |
| CORNING INC | 0.3 % |
Constituent Breakdown
| Number of holdings | 545 |
| Herfindahl-Hirschman Index | 19 |
| Wgt avg mkt cap (mns) | $119,359 |
| Large cap (>$10bn) | 96.0% |
| Mid cap ($2-10bn) | 1.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 97.7% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
IRELAND | 2.1 % |
 |
BRITAIN | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.1% | 8.7% | 19.7% | 12.3% | 11.4% | 9.3% | -- | 9.7% |
| Dividend Yield | 0.4% | 0.4% | 1.1% | 1.3% | 1.4% | 1.7% | -- | 1.8% |
| Total Returns | 8.6% | 9.2% | 20.8% | 13.5% | 12.8% | 11.0% | -- | 11.5% | Ann. Volatility | 19.8% | 19.2% | 16.2% | 16.5% | 17.6% | 18.9% | -- | 18.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 82% |
| MSCI EAFE | 0.70 | 48% |
| MSCI Emg Mkts | 0.54 | 33% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $158.99 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -1.15/-0.62 |
| Bollinger Bands (Upper/Lower) | $163.65/$154.78 |
| Short interest (% of AUM) | 3.1% |
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. SIZE |
Expenses vs. SIZE |
ALTAR Score™ vs. SIZE |
|---|---|---|---|---|
| EUSA | iShares MSCI USA Equal Weighted ETF | 92.3% | -6 bp | +6.3% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 84.5% | -6 bp | +6.3% |
| RSP | Invesco S&P 500 Equal Weight ETF | 79.8% | +5 bp | +6.8% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 72.1% | +20 bp | +6.0% |
| CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 72.0% | +25 bp | +6.0% |
| JHML | John Hancock Multifactor Large Cap ETF | 62.4% | +14 bp | +5.3% |
| SSPY | Syntax Stratified LargeCap ETF | 62.2% | +15 bp | +6.7% |
| SHUS | Syntax Stratified U.S. Total Market Hedged ETF | 62.1% | +50 bp | +6.4% |
| IMCB | iShares Morningstar Mid-Cap ETF | 60.1% | -11 bp | +6.3% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 59.6% | +44 bp | +5.9% |
Risk and Returns: SIZE 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 11/28/2025
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
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 Rating
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.
ALTAR Score™
SIZE
6.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1012 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. SIZE's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places SIZE in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SIZESELL
U/W
HOLD
O/W
BUY