ERET
iShares Environmentally Aware Real Estate ETF
ERET tracks an index of real estate companies from developed markets weighted based on a target exposure to green certification, energy efficiency, and level of carbon emission intensity.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
9.8 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 17, 2022 |
| Assets (mns) | $10 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROLOGIS INC | 5.1 % |
| REALTY INCOME CORP | 4.5 % |
| WELLTOWER, INC. | 4.1 % |
| EQUINIX INC | 3.9 % |
| PUBLIC STORAGE | 3.3 % |
| SIMON PROPERTY GROUP INC | 3.2 % |
| DIGITAL REALTY TRUST INC | 2.8 % |
| GOODMAN GROUP | 2.2 % |
| EXTRA SPACE STORAGE INC | 2.1 % |
| VICI PROPERTIES INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 355 |
| Herfindahl-Hirschman Index | 159 |
| Wgt avg mkt cap (mns) | $25,160 |
| Large cap (>$10bn) | 62.7% |
| Mid cap ($2-10bn) | 29.7% |
| Small cap (<$2bn) | 7.6% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 64.0 % |
 |
JAPAN | 8.0 % |
 |
AUSTRALIA | 5.1 % |
 |
BRITAIN | 3.6 % |
 |
SINGAPORE | 3.0 % |
 |
HONG KONG | 2.3 % |
 |
CANADA | 1.9 % |
 |
GERMANY | 1.8 % |
 |
SWEDEN | 1.5 % |
 |
FRANCE | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.6% | 23.8% | -- | -- | -- | -- | 5.3% | Volatility | 13.8% | 15.6% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.16 | 58% |
| MSCI EAFE | 1.11 | 74% |
| MSCI Emg Mkts | 1.04 | 55% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.37% |
| ADV of underlying (mns) | $9,368 |
Technical Indicators
| Recent close | $27.26 |
| 30d moving avg. | $28.22 |
| Annualized volatility | 18.3% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
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. ERET |
Expenses vs. ERET |
ALTAR Score™ vs. ERET |
|---|---|---|---|---|
| REET | iShares Global REIT ETF | 82.2% | -16 bp | -0.2% |
| DFGR | Dimensional Global Real Estate ETF | 78.3% | -8 bp | -0.2% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 77.9% | +20 bp | -0.3% |
| AVRE | Avantis Real Estate ETF | 72.3% | -13 bp | -0.6% |
| USRT | iShares Core U.S. REIT ETF | 63.4% | -22 bp | -0.1% |
| BBRE | JPMorgan BetaBuilders MSCI U.S. REIT ETF | 63.3% | -19 bp | -0.2% |
| FRI | First Trust S&P REIT Index Fund | 62.6% | +20 bp | -0.6% |
| DFAR | Dimensional US Real Estate ETF | 62.6% | -11 bp | -0.1% |
| SCHH | Schwab U.S. REIT ETF | 62.6% | -23 bp | +0.1% |
| FREL | Fidelity MSCI Real Estate Index ETF | 62.0% | -22 bp | -0.3% |
Risk and Returns: ERET 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 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 | --% |
Based on closing prices from 11/21/2024
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
ERET
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
ERET
6.4%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. ERET's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places ERET in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ERETSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| ERET (30 bp) Percentile rank | 30 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ERET | 30.0 | 36.7 | 66.7 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .