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
313.9 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) | $314 |
| 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 +
| SUPER MICRO COMPUTER, INC. | 0.3 % |
| CONOCOPHILLIPS | 0.3 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 0.3 % |
| VERISIGN INC | 0.3 % |
| ROYALTY PHARMA PLC CLASS A | 0.3 % |
| NEWMONT MINING CORP | 0.3 % |
| OKTA, INC. CLASS A | 0.3 % |
| ROBINHOOD MARKETS, INC. CLASS A | 0.3 % |
| WALGREENS BOOTS ALLIANCE INC | 0.3 % |
| DOLLAR TREE INC | 0.3 % |
Constituent Breakdown
| Number of holdings | 575 |
| Herfindahl-Hirschman Index | 18 |
| Wgt avg mkt cap (mns) | $88,900 |
| Large cap (>$10bn) | 97.1% |
| Mid cap ($2-10bn) | 2.0% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 99.8% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
IRELAND | 1.7 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.9% | 5.9% | 10.4% | 5.6% | 12.0% | 8.0% | -- | 9.1% |
| Dividend Yield | 0.0% | 0.8% | 1.3% | 1.4% | 1.5% | 1.8% | -- | 1.8% |
| Total Returns | -3.9% | 6.7% | 11.7% | 7.0% | 13.5% | 9.7% | -- | 10.9% | Ann. Volatility | 27.9% | 19.1% | 16.4% | 19.2% | 18.7% | 19.1% | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 89% |
| MSCI EAFE | 0.92 | 72% |
| MSCI Emg Mkts | 0.68 | 39% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $252,376 |
Technical Indicators
| Recent close | $142.68 |
| 30d moving avg. | $140.61 |
| Annualized volatility | 18.4% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.9% |
| 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 | 93.5% | -6 bp | +0.2% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 82.1% | -6 bp | +0.3% |
| RSP | Invesco S&P 500 Equal Weight ETF | 81.1% | +5 bp | +0.6% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 73.3% | +20 bp | 0.0% |
| CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 73.1% | +25 bp | -0.1% |
| SSPY | Syntax Stratified LargeCap ETF | 63.2% | +15 bp | +0.8% |
| SHUS | Syntax Stratified U.S. Total Market Hedged ETF | 63.1% | +50 bp | +0.5% |
| JHML | John Hancock Multifactor Large Cap ETF | 60.2% | +14 bp | -0.4% |
| IMCB | iShares Morningstar Mid-Cap ETF | 59.6% | -11 bp | +0.2% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 57.6% | +44 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
| 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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/30/2025
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
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 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
6.3%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. SIZE's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places SIZE in the 47th 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
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SIZE (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIZE | 15.0 | 7.0 | 22 |
| Peer Avg. | 32.3 | 15.1 | 47.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .