USMV

iShares MSCI USA Min Vol Factor ETF

iShares MSCI USA Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI USA Minimum Volatility Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

24.8 B

ASSETS UNDER MGMT

15 bp

EXPENSES
Fund Basics
Fund sponsorBlackRock Fund Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 18, 2011
Assets (mns)$24,779
Expense ratio15 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
INTL BUSINESS MACHINES CORP 1.7 %
PROGRESSIVE CORP 1.7 %
T-MOBILE US, INC. 1.7 %
MOTOROLA SOLUTIONS 1.7 %
WAL-MART STORES INC 1.6 %
ELI LILLY & CO 1.6 %
DUKE ENERGY CORP 1.5 %
NORTHROP GRUMMAN CORP 1.5 %
BERKSHIRE HATHAWAY INC-CL B 1.5 %
CHUBB LIMITED 1.5 %
Constituent Breakdown
Number of holdings170
Herfindahl-Hirschman Index 95
Wgt avg mkt cap (mns)$249,260
Large cap (>$10bn)99.9%
Mid cap ($2-10bn)0.1%
Small cap (<$2bn)0.0%
Developed mkts.99.8%
Emerging mkts.0.2%
Country Exposure
UNITED STATES 92.3 %
IRELAND 2.0 %
SWITZERLAND 1.9 %
CANADA 1.5 %
BERMUDA 1.3 %
BRITAIN 0.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 18.5% 29.1% 20.0% 9.5% 9.3% 11.4% 12.4%
Volatility 7.7% 8.5% 12.7% 13.1% 17.7% 14.6% --
Market Correlations
versus...BetaR-squared
S&P 5000.7283%
MSCI EAFE0.6770%
MSCI Emg Mkts0.4733%
Liquidity Measures
Avg. volume (000)2,113
Turnover0.8%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$118,423
Technical Indicators
Recent close$91.10
30d moving avg.$90.53
Annualized volatility14.2%
Relative strength (RSI)54
Short interest (ETF)4.5%
Short interest (underlying)1.8%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: USMV vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
2.0 18.9 3.4 1.8% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
USMV



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™

USMV

5.6%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. USMV's ALTAR Score™ is approximately 0.0 standard deviations above the category average. This places USMV in the 51st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

USMV
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
USMV (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)
USMV 15.0 1.4 16.4
Peer Avg. 35.4 14.9 50.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .