iShares MSCI China A ETF
ALTAR
Score™		 7.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.8x P/Sales
ratio		 1.4x
P/BV
ratio		 1.4x Div.
yield		 2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI China A ETF tracks a market-cap-weighted index of large- and midcap Chinese equity listed in Shanghai and Shenzhen.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 13, 2016
Assets (mns) $224
Currency USD
Expense ratio 60 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 385
Wgt avg mkt cap (mns) $19,185
Large cap (>$10bn) 79.4%
Mid cap ($2-10bn) 20.6%
Small cap (<$2bn) 0.0%
Developed mkts 3.5%
Emerging mkts 96.5%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 3.9 %
CONTEMPORARY AMPEREX TECHNOLOGY LT 3.7 %
FOXCONN INDUSTRIAL INTERNET LTD A 2.2 %
CHINA MERCHANTS BANK -A 1.9 %
CHINA YANGTZE POWER CO LTD-A 1.5 %
AGRICULTURAL BANK OF CHINA LTD A 1.5 %
PING AN INSURANCE (GROUP) OF CHINA 1.4 %
CAMBRICON TECHNOLOGIES CORPORATION 1.3 %
ZIJIN MINING GROUP LTD A 1.3 %
ZHONGJI INNOLIGHT LTD A 1.2 %
Total 19.8 %

TOP COUNTRY EXPOSURE
CHINA 28.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
22.9% 17.1% -0.1% -- 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.62 13%
MSCI EAFE 0.64 18%
MSCI Emg. Mkts. 0.85 36%

Technical Indicators
Recent close $34.19
30d moving avg. $34.24
Annualized volatility 22.6%
Short interest (ETF) 13.9%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 93
Turnover 1.4%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $36,378

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 106 potential alternatives to the iShares MSCI China A ETF ETF based on the alternatives' overlap in portfolio holdings with CNYA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CNYA Expense: 60 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CNYA
Ticker Fund
Name		 Overlap1
vs CNYA
(%)		 Expense
ratio
(bp)		 Savings
vs CNYA
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs CNYA
(%)
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 25.9 65 -5 6.9 -0.1
KALL KraneShares MSCI All China Index ETF 15.0 49 11 12.7 +5.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 14.5 55 5 7.2 +0.2
RAYC Rayliant Quantamental China Equity ETF 11.1 80 -20 8.2 +1.2
JCHI JPMorgan Active China ETF 7.9 65 -5 13.9 +6.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.4 60 0 7.8 +0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.2 32 28 13.2 +6.2
GXC SPDR S & P China ETF 4.9 59 1 15.3 +8.3
FLCH Franklin FTSE China ETF 4.7 19 41 15.0 +8.0
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.2 25 35 6.3 -0.7
TCHI iShares MSCI China Multisector Tech ETF 4.1 59 1 16.5 +9.5
MCH Matthews China Active ETF 4.1 79 -19 13.7 +6.7
MCHI iShares MSCI China ETF 3.9 59 1 16.2 +9.2
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 -19 7.9 +0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.6 30 30 8.6 +1.6
KGRN KraneShares MSCI China Clean Technology Index ETF 2.6 79 -19 0.4 -6.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.5 50 10 10.0 +3.0
CQQQ Invesco China Technology ETF 2.4 70 -10 15.1 +8.1
BKF iShares MSCI BIC ETF 2.3 69 -9 12.7 +5.7
MEM Matthews Emerging Markets Equity Active ETF 2.2 79 -19 7.2 +0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.2 45 15 9.4 +2.4
ECON Columbia Emerging Markets Consumer ETF 2.1 49 11 11.4 +4.4
KURE KraneShares MSCI All China Health Care Index ETF 2.1 65 -5 2.8 -4.3
DEM WisdomTree Emerging Markets High Dividend Fund 2.1 63 -3 12.6 +5.6
ICLN iShares Global Clean Energy ETF 2.0 41 19 3.1 -3.9
NUEM Nuveen ESG Emerging Markets Equity ETF 2.0 36 24 7.1 +0.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.8 65 -5 5.1 -1.9
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.8 33 27 9.1 +2.1
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 45 9.4 +2.4
FLAX Franklin FTSE Asia Ex Japan ETF 1.8 19 41 8.2 +1.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 28 8.2 +1.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.6 49 11 9.2 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 16 10.3 +3.3
EEMA iShares MSCI Emerging Markets Asia ETF 1.5 49 11 8.8 +1.8
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 49 9.1 +2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -6 8.8 +1.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 24 8.9 +1.9
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 53 10.2 +3.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 -10 8.2 +1.2
CGRO CoreValues Alpha Greater China Growth ETF 1.3 75 -15 3.5 -3.6
CHIQ Global X MSCI China Consumer Discretionary ETF 1.3 65 -5 13.9 +6.9
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 21 9.0 +2.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 30 9.4 +2.4
IGRO iShares International Dividend Growth ETF 1.2 15 45 7.0 -0.0
VWO Vanguard FTSE Emerging Markets ETF 1.1 7 53 9.9 +2.9
EEM iShares MSCI Emerging Markets ETF 1.1 69 -9 9.3 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.1 15 45 7.3 +0.3
TTAI FCF International Quality ETF 1.1 59 1 7.2 +0.2
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 35 9.1 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 44 7.8 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.9 49 11 9.2 +2.2
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 51 9.5 +2.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.9 59 1 8.4 +1.4
DEHP Dimensional Emerging Markets High Profitability ETF 0.9 41 19 6.2 -0.8
DFEV Dimensional Emerging Markets Value ETF 0.9 43 17 11.6 +4.6
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 43 13.6 +6.6
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.7 41 19 8.0 +1.0
KSTR KraneShares SSE STAR Market 50 Index ETF 0.7 89 -29 0.9 -6.1
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 25 8.4 +1.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 11 14.5 +7.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.7 46 14 9.4 +2.4
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -29 5.1 -1.9
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 50 6.4 -0.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 40 5.9 -1.1
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 13 3.5 -3.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 22 8.4 +1.4
CGXU Capital Group International Focus Equity ETF 0.5 54 6 5.4 -1.6
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 35 10.5 +3.5
XT iShares Exponential Technologies ETF 0.4 46 14 4.6 -2.4
VYMI Vanguard International High Dividend Yield ETF 0.4 17 43 9.0 +2.0
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 11 5.6 -1.4
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 11 5.9 -1.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 21 10.9 +3.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 56 7.6 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 26 7.2 +0.2
DMAT Global X Disruptive Materials ETF 0.4 59 1 6.9 -0.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -1 5.5 -1.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.4 78 -18 8.8 +1.8
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 30 7.3 +0.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 53 7.4 +0.4
VXUS Vanguard Total International Stock ETF 0.3 5 55 7.5 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 19 7.0 +0.0
EMC Global X Emerging Markets Great Consumer ETF 0.3 75 -15 7.4 +0.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 48 5.1 -1.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 40 5.5 -1.5
VSGX Vanguard ESG International Stock ETF 0.3 10 50 7.4 +0.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 25 15.8 +8.8
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -2 3.4 -3.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 42 7.2 +0.2
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 15 1.4 -5.7
CNXT VanEck ChiNext ETF 0.2 65 -5 3.9 -3.2
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 -15 2.6 -4.5
GMET VanEck Green Metals ETF 0.2 63 -3 7.6 +0.6
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 2 7.4 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 11 4.9 -2.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.2 67 -7 14.4 +7.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 13 5.3 -1.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 30 7.4 +0.4
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.4 -1.6
SCHE Schwab Emerging Markets Equity ETF 0.1 11 49 10.3 +3.3
VT Vanguard Total World Stock ETF 0.1 6 54 5.7 -1.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 2 9.3 +2.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.5 -1.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 48 8.2 +1.2
AGMI Themes Silver Miners ETF 0.0 35 25 4.3 -2.7
GLOF iShares Global Equity Factor ETF 0.0 20 40 6.7 -0.3

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 China A 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 10.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 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.