BNY Mellon International Equity ETF
ALTAR
Score™
6.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.3x P/Sales
ratio
1.6x
P/BV
ratio
1.7x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
BKIE tracks a market-cap weighted index of large-caps in the Developed Markets outside of US.

FUND BASICS
Category International Equities
Fund Sponsor The Bank of New York Mellon
Website im.bnymellon.com
Inception date Apr 24, 2020
Assets (mns) $41
Currency USD
Expense ratio 4 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 651
Wgt avg mkt cap (mns) $74,633
Large cap (>$10bn) 95.0%
Mid cap ($2-10bn) 4.3%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 2.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
NOVARTIS AG-REG 1.4 %
ASML HOLDING NV 1.4 %
TOYOTA MOTOR CORP 1.2 %
AIA GROUP LTD 1.0 %
LVMH MOET HENNESSY LOUIS VUI 1.0 %
UNILEVER PLC 0.9 %
ASTRAZENECA PLC 0.8 %
SOFTBANK GROUP CORP. 0.8 %
Total 12.0 %

TOP COUNTRY EXPOSURE
JAPAN 23.9 %
BRITAIN 12.4 %
SWITZERLAND 9.3 %
FRANCE 8.8 %
CANADA 8.2 %
GERMANY 7.0 %
AUSTRALIA 5.9 %
NETHERLANDS 3.4 %
SWEDEN 3.0 %
HONG KONG 2.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
19.8% -- -- -- 19.8%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $68.47
30d moving avg. $67.36
Annualized volatility 0.0%
Short interest (ETF) 0.6%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $64,651

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the BNY Mellon International Equity ETF ETF based on the alternatives' overlap in portfolio holdings with BKIE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BKIE Expense: 4 bp ALTAR Score™: 6.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BKIE
Ticker Fund
Name
Overlap1
vs BKIE
(%)
Expense
ratio
(bp)
Savings
vs BKIE
(bp)
ALTAR
Score™
(%)
ALTAR
vs BKIE
(%)
DFAI Dimensional International Core Equity Market ETF 84.9 18 -14 6.4 -0.2
EFA iShares MSCI EAFE ETF 83.9 32 -28 6.3 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 83.0 35 -31 6.1 -0.5
GSID Goldman Sachs MarketBeta International Equity ETF 82.9 20 -16 6.4 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 78.7 20 -16 6.5 -0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 78.1 20 -16 6.5 -0.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 76.0 7 -3 6.6 -0.0
SCHF Schwab International Equity ETF 76.0 6 -2 6.6 -0.0
IEFA iShares Core MSCI EAFE ETF 72.9 7 -3 6.6 -0.0
IDEV iShares Core MSCI International Developed Markets ETF 72.2 5 -1 6.5 -0.1
ESGD iShares MSCI EAFE ESG Optimized ETF 71.2 20 -16 6.2 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 67.7 4 0 6.3 -0.3
VEA Vanguard FTSE Developed Markets ETF 67.3 5 -1 6.6 +0.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 66.3 35 -31 6.0 -0.6
IQSI IQ Candriam ESG International Equity ETF 66.0 15 -11 6.4 -0.2
JHMD John Hancock Multifactor Developed International ETF 65.2 39 -35 6.6 +0.0
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 61.6 45 -41 7.7 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 60.3 30 -26 6.0 -0.6
PDEV Principal International Multi-Factor Core Index ETF 60.0 25 -21 7.1 +0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 59.8 25 -21 6.1 -0.6
VSGX Vanguard ESG International Stock ETF 59.6 17 -13 6.4 -0.2
CWI SPDR MSCI ACWI ex-US ETF 58.8 30 -26 6.3 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 57.9 32 -28 6.4 -0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 57.3 40 -36 6.1 -0.5
FNDF Schwab Fundamental International Large Co. Index ETF 57.2 25 -21 7.7 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 55.3 8 -4 6.8 +0.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 53.9 39 -35 5.6 -1.0
FLEE Franklin FTSE Europe ETF 53.3 9 -5 6.5 -0.1
FLEH Franklin FTSE Europe Hedged ETF 53.3 9 -5 6.5 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 53.1 9 -5 6.7 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 52.9 45 -41 6.0 -0.6
IEUR iShares Core MSCI Europe ETF 52.9 9 -5 6.6 +0.0
SPEU SPDR Portfolio Europe ETF 52.2 9 -5 6.8 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 52.1 40 -36 7.3 +0.7
IEV iShares Europe ETF 51.8 59 -55 6.3 -0.3
DOL WisdomTree International LargeCap Dividend Fund 51.5 48 -44 7.2 +0.6
VGK Vanguard FTSE Europe ETF 51.5 8 -4 6.8 +0.2
CIL VictoryShares International Volatility Weighted Index ETF 51.1 45 -41 6.4 -0.2
DWM WisdomTree International Equity Fund 51.1 48 -44 7.2 +0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 51.0 45 -41 6.4 -0.2
IXUS ishares Core MSCI Total International Stock ETF 49.9 9 -5 6.6 -0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 49.8 16 -12 6.1 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 49.2 39 -35 7.5 +0.9
EFV iShares MSCI EAFE Value ETF 47.4 39 -35 8.4 +1.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 46.7 25 -21 5.9 -0.7
IQIN IQ 500 International ETF 46.5 25 -21 7.6 +1.0
DMXF iShares ESG Advanced MSCI EAFE ETF 45.5 12 -8 6.2 -0.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 45.3 23 -19 6.3 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 45.1 14 -10 6.1 -0.5
EFG iShares MSCI EAFE Growth ETF 45.0 40 -36 4.1 -2.5
ISZE iShares Edge MSCI Intl Size Factor ETF 44.1 30 -26 6.4 -0.3
VXUS Vanguard Total International Stock ETF 42.4 8 -4 6.7 +0.1
AVDE Avantis International Equity ETF 42.1 23 -19 7.0 +0.3
RESD WisdomTree International ESG Fund 40.4 30 -26 6.5 -0.1
TPIF Timothy Plan International ETF 38.5 62 -58 6.1 -0.5
VYMI Vanguard International High Dividend Yield ETF 37.8 27 -23 9.0 +2.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 36.4 30 -26 5.3 -1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 36.1 29 -25 7.1 +0.5
IPAC iShares Core MSCI Pacific ETF 33.9 9 -5 6.4 -0.3
VPL Vanguard FTSE Pacific ETF 33.8 8 -4 6.5 -0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 33.8 30 -26 4.2 -2.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.1 42 -38 4.7 -1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 32.7 30 -26 10.0 +3.4
RNDM First Trust Developed International Equity Select ETF 32.6 65 -61 5.8 -0.9
RBIN Nationwide Risk-Based International Equity ETF 32.4 42 -38 6.1 -0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 31.9 24 -20 6.6 0.0
QWLD SPDR MSCI World StrategicFactors ETF 30.8 30 -26 5.4 -1.2
URTH iShares MSCI World ETF 29.8 24 -20 5.0 -1.6
EFAV iShares Edge MSCI Min Vol EAFE ETF 29.4 20 -16 5.0 -1.6
VWID Virtus WMC International Dividend ETF 29.3 49 -45 7.4 +0.8
FDEV Fidelity Targeted International Factor ETF 27.8 39 -35 6.2 -0.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 27.8 45 -41 6.2 -0.4
QINT American Century Quality Diversified International ETF 27.5 39 -35 5.8 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 27.4 40 -36 6.0 -0.6
JPIN JPMorgan Diversified Return International Equity ETF 26.5 37 -33 7.1 +0.5
IOO iShares Global 100 ETF 26.4 40 -36 4.4 -2.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.1 29 -25 7.3 +0.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.9 45 -41 6.0 -0.6
FIVA Fidelity International Value Factor ETF 25.9 39 -35 8.7 +2.1
EZU iShares MSCI Eurozone ETF 25.7 51 -47 6.0 -0.6
EURZ Xtrackers Eurozone Equity ETF 25.5 9 -5 6.6 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.4 32 -28 5.7 -0.9
ACWI iShares MSCI ACWI ETF 25.1 32 -28 5.2 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 24.7 9 -5 5.1 -1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 24.7 20 -16 5.4 -1.2
IGRO iShares International Dividend Growth ETF 24.6 15 -11 7.1 +0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 24.5 20 -16 5.4 -1.2
IDMO Invesco S&P International Developed Momentum ETF 24.3 26 -22 3.8 -2.8
TOK iShares MSCI Kokusai ETF 24.0 25 -21 5.0 -1.7
EWJ iShares MSCI Japan ETF 23.9 51 -47 6.1 -0.5
FLJP Franklin FTSE Japan ETF 23.9 9 -5 6.6 -0.0
FLJH Franklin FTSE Japan Hedged ETF 23.9 9 -5 6.5 -0.1
BBJP JPMorgan BetaBuilders Japan ETF 23.9 19 -15 6.5 -0.2
ZJPN SPDR Solactive Japan ETF 23.8 14 -10 6.6 -0.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 23.8 45 -41 6.1 -0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 23.8 25 -21 6.3 -0.3
IDHQ Invesco S&P International Developed Quality ETF 23.6 29 -25 4.8 -1.8

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:
BNY Mellon International Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 10.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 4 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.54
 
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.