iShares MSCI All Country Asia ex Japan ETF
ALTAR
Score™
7.8% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.0x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI All Country Asia ex Japan Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country Asia ex Japan Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Aug 15, 2008
Assets (mns) $3,841
Currency USD
Expense ratio 68 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1099
Wgt avg mkt cap (mns) $127,689
Large cap (>$10bn) 76.4%
Mid cap ($2-10bn) 21.7%
Small cap (<$2bn) 1.7%
Developed mkts 20.6%
Emerging mkts 79.4%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.6 %
TENCENT HOLDINGS LTD 6.4 %
TAIWAN SEMICONDUCTOR MANUFAC 5.1 %
SAMSUNG ELECTRONICS CO LTD 4.1 %
AIA GROUP LTD 2.1 %
CHINA CONSTRUCTION BANK-H 1.6 %
PING AN INSURANCE GROUP CO-H 1.2 %
RELIANCE INDUSTRIES LTD 1.2 %
CHINA MOBILE LIMITED 0.9 %
IND & COMM BK OF CHINA - H 0.9 %
Total 31.1 %

TOP COUNTRY EXPOSURE
CHINA 37.3 %
TAIWAN 13.8 %
HONG KONG 13.5 %
SOUTH KOREA 13.2 %
INDIA 8.9 %
SINGAPORE 3.0 %
THAILAND 2.6 %
MALAYSIA 2.1 %
INDONESIA 1.8 %
PHILIPPINES 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.0% 0.1% 1.6% 4.1% 4.1%

Market Correlations
versus... Beta R-squared
S&P500 0.81 61%
MSCI EAFE 0.93 70%
MSCI Emg. Mkts. 0.85 89%

Technical Indicators
Recent close $69.08
30d moving avg. $64.14
Annualized volatility 17.6%
Short interest (ETF) 3.8%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 1,239
Turnover 2.2%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $52,784

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI All Country Asia ex Japan ETF ETF based on the alternatives' overlap in portfolio holdings with AAXJ. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AAXJ Expense: 68 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AAXJ
Ticker Fund
Name
Overlap1
vs AAXJ
(%)
Expense
ratio
(bp)
Savings
vs AAXJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs AAXJ
(%)
FLAX Franklin FTSE Asia Ex Japan ETF 90.4 19 49 8.4 +0.5
EEMA iShares MSCI Emerging Markets Asia ETF 83.4 50 18 8.3 +0.5
EEM iShares MSCI Emerging Markets ETF 75.3 68 0 8.1 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 72.8 65 3 8.3 +0.4
IEMG iShares Core MSCI Emerging Markets ETF 67.8 14 54 8.6 +0.7
SCHE Schwab Emerging Markets Equity ETF 66.8 13 55 8.5 +0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 64.1 30 38 8.7 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 62.5 55 13 8.7 +0.9
VWO Vanguard FTSE Emerging Markets ETF 58.1 10 58 8.7 +0.9
GMF SPDR S&P Emerging Asia Pacific ETF 57.3 49 19 7.9 +0.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 56.6 14 54 9.4 +1.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 56.5 32 36 6.7 -1.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 53.9 45 23 8.6 +0.8
BKF iShares MSCI BRIC ETF 50.2 69 -1 8.3 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 49.6 11 57 8.5 +0.7
ESGE iShares ESG MSCI EM ETF 48.6 25 43 9.5 +1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 46.6 59 9 10.9 +3.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 45.3 20 48 7.6 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 43.7 30 38 9.2 +1.4
DVEM WisdomTree Emerging Markets Dividend Fund 43.6 32 36 8.9 +1.1
MCHI iShares MSCI China ETF 42.4 59 9 9.0 +1.1
GXC SPDR S&P China ETF 41.5 59 9 8.8 +1.0
FLCH Franklin FTSE China ETF 40.6 19 49 9.1 +1.3
AVEM Avantis Emerging Markets Equity ETF 40.4 33 35 9.4 +1.6
AXJL WisdomTree Asia Pacific ex-Japan Fund 40.1 48 20 10.0 +2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 38.8 95 -27 10.0 +2.1
PXH Invesco FTSE RAFI Emerging Markets ETF 38.6 50 18 13.5 +5.7
CN Xtrackers MSCI All China Equity ETF 38.0 50 18 9.3 +1.4
KALL KraneShares FTSE Emerging Markets Plus ETF 37.8 49 19 9.0 +1.2
WCHN WisdomTree ICBCCS S&P China 500 Fund 37.7 55 13 9.2 +1.4
AIA iShares Asia 50 ETF 37.6 50 18 8.8 +1.0
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 33.5 49 19 8.8 +1.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 33.0 49 19 8.1 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 32.9 45 23 7.7 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 32.9 49 19 8.2 +0.4
ISEM Invesco Strategic Emerging Markets ETF 31.8 35 33 10.2 +2.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 31.5 39 29 12.9 +5.1
EMCG WisdomTree Emerging Markets Consumer Growth Fund 31.5 32 36 7.9 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 30.8 40 28 7.8 -0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 29.7 32 36 9.4 +1.5
CHIL Global X MSCI China Large-Cap 50 ETF 28.9 29 39 9.4 +1.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 27.0 64 4 5.2 -2.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 26.9 32 36 6.9 -0.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 25.6 45 23 9.6 +1.8
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 25.0 25 43 8.4 +0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.3 45 23 8.8 +1.0
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 23.7 50 18 9.7 +1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.3 16 52 7.1 -0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.2 40 28 7.3 -0.5
EEMO Invesco S&P Emerging Markets Momentum ETF 22.8 30 38 7.1 -0.8
ROAM Hartford Multifactor Emerging Markets ETF 22.2 44 24 14.7 +6.9
ACWX iShares MSCI ACWI ex U.S. ETF 21.8 32 36 7.5 -0.4
EMMF WisdomTree Emerging Markets Multifactor Fund 21.5 48 20 9.7 +1.9
IXUS ishares Core MSCI Total International Stock ETF 20.7 9 59 7.5 -0.3
VSGX Vanguard ESG International Stock ETF 20.5 17 51 7.3 -0.5
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 20.4 45 23 9.9 +2.0
VEU Vanguard FTSE All-World ex-US Index Fund 19.4 8 60 7.7 -0.1
VXUS Vanguard Total International Stock Index Fund 19.3 8 60 7.7 -0.2
BICK First Trust BICK Index Fund 18.9 64 4 4.4 -3.5
RNEM Emerging Markets Equity Select ETF 18.7 75 -7 10.3 +2.5
VPL Vanguard FTSE Pacific ETF 18.4 8 60 7.7 -0.1
CWI SPDR MSCI ACWI ex-US ETF 18.4 30 38 7.6 -0.3
FDNI First Trust Dow Jones International Internet ETF 18.4 65 3 2.8 -5.0
ECON Columbia Emerging Markets Consumer ETF 18.4 59 9 4.8 -3.0
KWEB KraneShares CSI China Internet ETF 18.3 76 -8 3.4 -4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.3 86 -18 2.3 -5.5
XCEM Columbia EM Core ex-China ETF 17.9 16 52 7.7 -0.2
FXI iShares China Large-Cap ETF 17.8 74 -6 13.3 +5.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.8 29 39 9.8 +1.9
VYMI Vanguard International High Dividend Yield ETF 17.4 32 36 10.1 +2.2
VIGI Vanguard International Dividend Appreciation ETF 17.3 25 43 5.9 -1.9
TTTN UP Fintech China-U.S. Internet Titans ETF 16.5 59 9 5.0 -2.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 14.7 45 23 13.2 +5.4
JOYY Infusive Compounding Global Equities ETF 14.7 50 18 3.9 -4.0
DEM WisdomTree Emerging Markets High Dividend Fund 14.0 63 5 13.8 +6.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.9 20 48 10.8 +3.0
EWT iShares MSCI Taiwan ETF 13.8 59 9 6.3 -1.5
PIE Invesco DWA Emerging Markets Momentum ETF 13.7 90 -22 5.7 -2.2
FLTW Franklin FTSE Taiwan ETF 13.4 19 49 6.6 -1.2
FLKR Franklin FTSE South Korea ETF 13.1 9 59 9.5 +1.7
EWY iShares MSCI South Korea ETF 12.7 59 9 8.9 +1.0
FNI First Trust Chindia ETF 12.7 59 9 3.4 -4.4
CHIQ Global X China Consumer ETF 12.4 65 3 9.1 +1.3
PGJ Invesco Golden Dragon China ETF 12.1 70 -2 3.4 -4.5
DOGS Arrow Dogs of the World ETF 12.0 134 -66 11.5 +3.7
DINT Davis Select International ETF 12.0 75 -7 5.8 -2.0
EPP iShares MSCI Pacific ex-Japan ETF 11.8 48 20 6.8 -1.1
FRDM Freedom 100 Emerging Markets ETF 11.8 49 19 7.2 -0.6
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 11.6 18 50 6.0 -1.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.5 80 -12 1.7 -6.1
OGIG O'Shares Global Internet Giants ETF 11.4 48 20 0.5 -7.3
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 10.9 19 49 6.9 -0.9
ACWV iShares Edge MSCI Min Vol Global ETF 10.3 20 48 5.8 -2.0
AIQ Global X Future Analytics Tech ETF 10.2 68 0 4.1 -3.7
ACWF iShares FactorSelect MSCI Global ETF 10.1 35 33 8.1 +0.2
DWLD Davis Select Worldwide ETF 10.0 64 4 6.6 -1.2
GBUY Goldman Sachs Motif New Age Consumer ETF 9.9 50 18 2.1 -5.7
IGRO iShares International Dividend Growth ETF 9.8 22 46 7.9 +0.1
PNQI Invesco NASDAQ Internet ETF 9.7 62 6 1.2 -6.7
IPAC iShares Core MSCI Pacific ETF 9.6 9 59 7.4 -0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares MSCI All Country Asia ex Japan ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 11.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.37 CATEGORY
AVERAGE
1.45
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.