SVAL
iShares US Small Cap Value Factor ETF
SVAL tracks an equally-weighted index of small-cap value companies selected by multiple factors.
Fund Basics
| Fund sponsor | Blackrock |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 27, 2020 |
| Assets (mns) | $79 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| STERLING CONSTRUCTION CO | 1.3 % |
| CHORD ENERGY CORPORATION | 1.1 % |
| DORIAN LPG LTD | 1.0 % |
| COVENANT TRANSPORT GRP-CL A | 1.0 % |
| M/I HOMES INC | 1.0 % |
| DHT HOLDINGS INC | 0.9 % |
| TEREX CORP | 0.8 % |
| TAYLOR MORRISON HOME CORP-A | 0.8 % |
| MERITAGE HOMES CORP | 0.8 % |
| GROUP 1 AUTOMOTIVE INC | 0.8 % |
Constituent Breakdown
| Number of holdings | 272 |
| Herfindahl-Hirschman Index | 50 |
| Wgt avg mkt cap (mns) | $2,109 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 41.6% |
| Small cap (<$2bn) | 57.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.6 % |
 |
BERMUDA | 1.2 % |
 |
PUERTO RICO | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.0% | 1.2% | -2.1% | -- | -- | -- | 16.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 49% |
| MSCI EAFE | 0.91 | 46% |
| MSCI Emg Mkts | 0.55 | 18% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $1,857 |
Technical Indicators
| Recent close | $26.02 |
| 30d moving avg. | $27.40 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 31 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.4% |
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. SVAL |
Expenses vs. SVAL |
ALTAR Score™ vs. SVAL |
|---|---|---|---|---|
| AVUV | Avantis U.S. Small Cap Value ETF | 31.0% | +5 bp | -1.4% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 29.7% | +27 bp | -1.9% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 29.4% | +53 bp | +0.2% |
| PLTL | Principal US Small-Cap Adaptive Multi-Factor ETF | 28.8% | -1 bp | -3.3% |
| IWN | iShares Russell 2000 Value ETF | 28.0% | +4 bp | -4.7% |
| VTWV | Vanguard Russell 2000 Value Index Fund | 27.9% | -5 bp | -4.7% |
| DFSV | Dimensional US Small Cap Value ETF | 27.1% | +11 bp | -2.3% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 24.3% | +19 bp | 0.0% |
| SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 24.2% | -8 bp | -3.2% |
| ROSC | Hartford Multifactor Small Cap ETF | 24.0% | +14 bp | -0.7% |
Risk and Returns: SVAL 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 9/26/2023
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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
SVAL
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™
SVAL
11.8%
Cat. Avg
6.5%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.8% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 898 funds in the US Equities category, with an average ALTAR Score™
of 6.5% and a standard deviation of
3.1%. SVAL's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places SVAL in the 96th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SVAL
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) |
|
|---|---|---|---|
| SVAL | 20.0 | 16.5 | 36.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .