IEDI
iShares U.S. Consumer Focused ETF
The iShares Evolved U.S. Discretionary Spending ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the discretionary spending sector, according to an alternative classification system defined by machine learni
US
EQUITY
Active
MANAGEMENT STYLE
29.6 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 21, 2018 |
| Assets (mns) | $30 |
| Expense ratio | 18 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HOME DEPOT INC | 12.5 % |
| AMAZON.COM INC | 8.5 % |
| COSTCO WHOLESALE CORP | 8.5 % |
| WAL-MART STORES INC | 7.7 % |
| TJX COMPANIES INC | 4.7 % |
| LOWE'S COS INC | 4.4 % |
| CHIPOTLE MEXICAN GRILL-CL A | 2.8 % |
| O'REILLY AUTOMOTIVE INC | 2.1 % |
| MCDONALD'S CORP | 1.9 % |
| TARGET CORP | 1.9 % |
Constituent Breakdown
| Number of holdings | 178 |
| Herfindahl-Hirschman Index | 451 |
| Wgt avg mkt cap (mns) | $362,674 |
| Large cap (>$10bn) | 91.1% |
| Mid cap ($2-10bn) | 8.6% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 98.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.5% | 35.9% | 19.9% | 5.1% | 13.0% | -- | 13.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 88% |
| MSCI EAFE | 0.90 | 66% |
| MSCI Emg Mkts | 0.69 | 38% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $88,322 |
Technical Indicators
| Recent close | $53.75 |
| 30d moving avg. | $51.90 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 1.9% |
| Short interest (underlying) | 2.4% |
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. IEDI |
Expenses vs. IEDI |
ALTAR Score™ vs. IEDI |
|---|---|---|---|---|
| IYC | iShares U.S. Consumer Discretionary ETF | 55.4% | +22 bp | -1.7% |
| RTH | VanEck Retail ETF | 52.5% | +17 bp | +1.2% |
| FDIS | Fidelity MSCI Consumer Discretionary Index ETF | 46.7% | -10 bp | -0.6% |
| VCR | Vanguard Consumer Discretionary ETF | 45.5% | -8 bp | -0.7% |
| XLY | Consumer Discretionary Select Sector SPDR Fund | 44.5% | -9 bp | -0.4% |
| RXI | iShares Global Consumer Discretionary ETF | 34.6% | +23 bp | +0.3% |
| RSPD | Invesco S&P 500 Equal Weight Consumer Discretionary ETF | 29.7% | +22 bp | -1.2% |
| MILN | Global X Millennial Consumer ETF | 27.1% | +32 bp | -2.5% |
| TMFE | Motley Fool Capital Efficiency 100 Index ETF | 26.7% | +32 bp | -0.9% |
| BTHM | BlackRock Future U.S. Themes ETF | 25.6% | +42 bp | -0.8% |
Risk and Returns: IEDI 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
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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
IEDI
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™
IEDI
5.1%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. IEDI's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places IEDI in the 45th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IEDISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| IEDI (18 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IEDI | 18.0 | 12.1 | 30.1 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .