VLUE
iShares MSCI USA Value Factor ETF
The iShares MSCI USA Value 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 value characteristics and relatively lower valuations, 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) | $6,515 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AT&T INC | 5.4 % |
| INTEL CORP | 5.1 % |
| CISCO SYSTEMS INC | 4.8 % |
| PFIZER INC | 3.6 % |
| MICRON TECHNOLOGY INC | 3.3 % |
| INTL BUSINESS MACHINES CORP | 2.7 % |
| GENERAL MOTORS CO | 2.7 % |
| FORD MOTOR CO | 2.2 % |
| BRISTOL-MYERS SQUIBB CO | 2.2 % |
| CITIGROUP INC | 2.1 % |
Constituent Breakdown
| Number of holdings | 150 |
| Herfindahl-Hirschman Index | 171 |
| Wgt avg mkt cap (mns) | $73,731 |
| Large cap (>$10bn) | 92.9% |
| Mid cap ($2-10bn) | 5.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.9 % |
 |
NETHERLANDS | 1.0 % |
 |
BRITAIN | 0.9 % |
 |
SWITZERLAND | 0.8 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -2.3% | -11.0% | -6.6% | 9.7% | 3.8% | 7.7% | 8.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 72% |
| MSCI EAFE | 0.93 | 74% |
| MSCI Emg Mkts | 0.61 | 32% |
Liquidity Measures
| Avg. volume (000) | 393 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $23,001 |
Technical Indicators
| Recent close | $91.85 |
| 30d moving avg. | $89.52 |
| Annualized volatility | 19.7% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.5% |
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. VLUE |
Expenses vs. VLUE |
ALTAR Score™ vs. VLUE |
|---|---|---|---|---|
| SPVU | Invesco S&P 500 Enhanced Value ETF | 46.6% | -2 bp | +0.2% |
| DFLV | Dimensional US Large Cap Value ETF | 36.8% | +7 bp | -2.8% |
| RPV | Invesco S&P 500 Pure Value ETF | 35.3% | +20 bp | +0.5% |
| RAFE | PIMCO RAFI ESG U.S. ETF | 34.0% | +14 bp | -3.6% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 32.8% | +44 bp | -1.7% |
| RNDV | US Equity Dividend Select ETF | 32.1% | +35 bp | -1.7% |
| JVAL | JPMorgan U.S. Value Factor ETF | 31.4% | -3 bp | -2.4% |
| STXV | Strive 1000 Value ETF | 30.8% | +3 bp | -3.4% |
| REVS | Columbia Research Enhanced Value ETF | 30.8% | +4 bp | -3.0% |
| ITAN | Sparkline Intangible Value ETF | 30.4% | +35 bp | -5.0% |
Risk and Returns: VLUE 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
VLUE
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™
VLUE
11.5%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.5% |
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 899 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.0%. VLUE's ALTAR Score™ is approximately
1.8 standard deviations
above
the category average. This places VLUE in the 96th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VLUE
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) |
|
|---|---|---|---|
| VLUE | 15.0 | 2.9 | 17.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .