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.
Fund Basics
| Fund sponsor | iShares/USA |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 16, 2013 |
| Assets (mns) | $308 |
| 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 +
| MONGODB, INC. CLASS A | 0.2 % |
| TWILIO, INC. CLASS A | 0.2 % |
| MARVELL TECHNOLOGY, INC. | 0.2 % |
| MATCH GROUP, INC. | 0.2 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 0.2 % |
| UIPATH INC CLASS A | 0.2 % |
| CLOUDFLARE INC CLASS A | 0.2 % |
| ROKU, INC. CLASS A | 0.2 % |
| WOLFSPEED INC | 0.2 % |
| BILL.COM HOLDINGS, INC. | 0.2 % |
Constituent Breakdown
| Number of holdings | 627 |
| Herfindahl-Hirschman Index | 17 |
| Wgt avg mkt cap (mns) | $68,281 |
| Large cap (>$10bn) | 89.0% |
| Mid cap ($2-10bn) | 10.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 94.5 % |
 |
IRELAND | 1.9 % |
 |
BRITAIN | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.0% | -4.4% | -3.9% | 11.4% | 8.3% | 10.1% | 10.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 91% |
| MSCI EAFE | 0.91 | 82% |
| MSCI Emg Mkts | 0.66 | 43% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $159,029 |
Technical Indicators
| Recent close | $118.86 |
| 30d moving avg. | $115.89 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 59 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 2.9% |
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 | 97.2% | -6 bp | +0.2% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 77.5% | -6 bp | +0.2% |
| RSP | Invesco S&P 500 Equal Weight ETF | 76.2% | +5 bp | +0.3% |
| CFA | VictoryShares US 500 Volatility Weighted Index ETF | 69.1% | +20 bp | +0.3% |
| JHML | John Hancock Multifactor Large Cap ETF | 60.9% | +14 bp | -0.2% |
| SSPY | Syntax Stratified LargeCap ETF | 59.9% | +15 bp | +0.6% |
| IMCB | iShares Morningstar Mid-Cap ETF | 57.5% | -11 bp | +0.2% |
| YPS | Arrow Reverse Cap 500 ETF | 57.5% | +14 bp | +0.1% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 57.2% | -11 bp | +0.2% |
| IWR | iShares Russell Midcap ETF | 56.0% | +3 bp | -0.3% |
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
| 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
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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 6/8/2023
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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
SIZE
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™
SIZE
6.2%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.2% |
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 Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. SIZE's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places SIZE in the 52nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SIZE
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
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIZE | 15.0 | 8.6 | 23.6 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .