SVAL
iShares US Small Cap Value Factor ETF
SVAL tracks an equally-weighted index of small-cap value companies selected by multiple factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
146.0 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 27, 2020 |
| Assets (mns) | $146 |
| 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 +
| UNION BANKSHARES CORP | 1.0 % |
| EASTERN BANKSHARES, INC. | 1.0 % |
| LENDINGCLUB CORP | 0.9 % |
| PROVIDENT FINANCIAL SERVICES | 0.9 % |
| INTERFACE INC-CLASS A | 0.9 % |
| SOLARIS OILFIELD INFRASTRUCTURE, INC. CL | 0.9 % |
| ARIS WATER SOLUTIONS, INC. CLASS A | 0.9 % |
| SKYWEST INC | 0.9 % |
| HEARTLAND FINANCIAL USA INC | 0.8 % |
| CAL-MAINE FOODS INC | 0.8 % |
Constituent Breakdown
| Number of holdings | 275 |
| Herfindahl-Hirschman Index | 50 |
| Wgt avg mkt cap (mns) | $2,511 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 47.8% |
| Small cap (<$2bn) | 52.2% |
| Developed mkts. | 99.5% |
| Emerging mkts. | 0.5% |
Country Exposure
 |
UNITED STATES | 94.7 % |
 |
BERMUDA | 2.9 % |
 |
PUERTO RICO | 1.0 % |
 |
PANAMA | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 18.3% | 34.1% | 11.8% | 8.2% | -- | -- | 12.4% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 50% |
| MSCI EAFE | 0.91 | 43% |
| MSCI Emg Mkts | 0.58 | 17% |
Liquidity Measures
| Avg. volume (000) | 23 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $3,584 |
Technical Indicators
| Recent close | $32.45 |
| 30d moving avg. | $35.22 |
| Annualized volatility | 24.1% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.7% |
| 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 | 34.3% | +5 bp | -1.1% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 32.3% | +27 bp | -1.9% |
| IWN | iShares Russell 2000 Value ETF | 29.4% | +4 bp | -5.3% |
| VTWV | Vanguard Russell 2000 Value ETF | 29.3% | -5 bp | -5.3% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 28.5% | +53 bp | -2.3% |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 27.0% | +40 bp | -2.5% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 26.3% | +16 bp | +1.2% |
| ROSC | Hartford Multifactor Small Cap ETF | 26.0% | +14 bp | -1.5% |
| DFSV | Dimensional US Small Cap Value ETF | 25.5% | +11 bp | -1.5% |
| PSCF | Invesco S&P SmallCap Financials ETF | 24.7% | +9 bp | -1.4% |
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
| 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 12/20/2024
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
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 Rating
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.
ALTAR Score™
SVAL
10.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. SVAL's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places SVAL in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SVALSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SVAL (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SVAL | 20.0 | 17.5 | 37.5 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .