iShares MSCI China A ETF
ALTAR
Score™		 6.1% info Recommen-
dation		 AVOID
2025E    2026E
P/E
ratio		 17.0x P/Sales
ratio		 1.6x
P/BV
ratio		 1.6x Div.
yield		 2.3%


  • 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) $219
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) $22,433
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 4.2 %
CONTEMPORARY AMPEREX TECHNOLOGY LT 3.1 %
CHINA MERCHANTS BANK -A 1.9 %
FOXCONN INDUSTRIAL INTERNET LTD A 1.7 %
CHINA YANGTZE POWER CO LTD-A 1.5 %
PING AN INSURANCE (GROUP) OF CHINA 1.4 %
AGRICULTURAL BANK OF CHINA LTD A 1.4 %
CAMBRICON TECHNOLOGIES CORPORATION 1.3 %
BYD LTD A 1.3 %
ZIJIN MINING GROUP LTD A 1.2 %
Total 19.0 %

TOP COUNTRY EXPOSURE
CHINA 30.4 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
20.0% 33.7% -0.8% -- 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.53 11%
MSCI EAFE 0.62 18%
MSCI Emg. Mkts. 0.97 46%

Technical Indicators
Recent close $33.96
30d moving avg. $31.84
Annualized volatility 24.1%
Short interest (ETF) 32.5%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 128
Turnover 2.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $36,378

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 105 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™: 6.1%


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 27.3 65 -5 6.8 +0.7
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 15.6 55 5 6.9 +0.7
KALL KraneShares MSCI All China Index ETF 15.5 49 11 15.0 +8.9
RAYC Rayliant Quantamental China Equity ETF 11.9 80 -20 7.3 +1.1
JCHI JPMorgan Active China ETF 8.0 65 -5 14.4 +8.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 5.6 60 0 8.1 +1.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 5.5 32 28 14.8 +8.6
GXC SPDR S&P China ETF 5.1 59 1 14.4 +8.3
FLCH Franklin FTSE China ETF 4.7 19 41 14.8 +8.7
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.4 25 35 6.5 +0.3
MCH Matthews China Active ETF 4.3 79 -19 13.2 +7.1
TCHI iShares MSCI China Multisector Tech ETF 4.2 59 1 15.2 +9.0
MCHI iShares MSCI China ETF 4.0 59 1 16.3 +10.2
OBOR KraneShares MSCI One Belt One Road Index ETF 3.6 79 -19 8.8 +2.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.8 30 30 8.9 +2.8
KGRN KraneShares MSCI China Clean Technology Index ETF 2.6 79 -19 0.3 -5.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.5 50 10 10.6 +4.5
CQQQ Invesco China Technology ETF 2.5 70 -10 11.5 +5.3
KURE KraneShares MSCI All China Health Care Index ETF 2.4 65 -5 2.4 -3.7
BKF iShares MSCI BIC ETF 2.4 69 -9 13.0 +6.8
MEM Matthews Emerging Markets Equity Active ETF 2.3 79 -19 7.5 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 2.2 45 15 10.0 +3.8
ECON Columbia Emerging Markets Consumer ETF 2.1 49 11 11.9 +5.8
DEM WisdomTree Emerging Markets High Dividend Fund 2.1 63 -3 13.0 +6.9
ICLN iShares Global Clean Energy ETF 2.1 41 19 5.0 -1.2
NUEM Nuveen ESG Emerging Markets Equity ETF 2.0 36 24 7.7 +1.5
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.8 33 27 9.7 +3.5
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 45 9.9 +3.7
FLAX Franklin FTSE Asia Ex Japan ETF 1.8 19 41 8.9 +2.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.8 65 -5 4.7 -1.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.8 32 28 8.8 +2.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.7 49 11 9.1 +3.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.6 44 16 10.4 +4.2
EEMA iShares MSCI Emerging Markets Asia ETF 1.5 49 11 9.8 +3.6
CGRO CoreValues Alpha Greater China Growth ETF 1.5 75 -15 4.1 -2.0
SPEM SPDR Portfolio Emerging Markets ETF 1.4 7 53 10.2 +4.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.4 70 -10 8.9 +2.8
CHIQ Global X MSCI China Consumer Discretionary ETF 1.4 65 -5 15.2 +9.1
BKEM BNY Mellon Emerging Markets Equity ETF 1.4 11 49 9.6 +3.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -6 9.2 +3.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 1.4 36 24 9.4 +3.3
IGRO iShares International Dividend Growth ETF 1.3 15 45 7.2 +1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.3 30 30 10.0 +3.9
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 21 8.8 +2.6
VWO Vanguard FTSE Emerging Markets ETF 1.2 7 53 9.8 +3.7
EEM iShares MSCI Emerging Markets ETF 1.2 69 -9 9.9 +3.7
ESGE iShares ESG Aware MSCI EM ETF 1.1 25 35 9.8 +3.6
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.1 15 45 7.6 +1.4
TTAI FCF International Quality ETF 1.1 59 1 7.3 +1.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 19 6.5 +0.3
EMXF iShares ESG Advanced MSCI EM ETF 1.0 16 44 8.3 +2.1
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 51 10.1 +4.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.9 49 11 9.8 +3.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.9 59 1 8.5 +2.4
DFEV Dimensional Emerging Markets Value ETF 0.9 43 17 12.9 +6.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.8 41 19 8.4 +2.2
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 43 13.3 +7.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 14 9.8 +3.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 11 15.1 +9.0
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 25 9.0 +2.8
JSTC Adasina Social Justice All Cap Global ETF 0.7 89 -29 4.8 -1.3
VIGI Vanguard International Dividend Appreciation ETF 0.6 10 50 6.3 +0.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 40 6.2 +0.0
KSTR KraneShares SSE STAR Market 50 Index ETF 0.6 89 -29 1.1 -5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 22 8.9 +2.8
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 35 11.3 +5.2
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 13 3.2 -2.9
XT iShares Exponential Technologies ETF 0.5 46 14 4.8 -1.3
CGXU Capital Group International Focus Equity ETF 0.5 54 6 5.4 -0.7
DMAT Global X Disruptive Materials ETF 0.4 59 1 7.4 +1.2
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -1 7.9 +1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 21 12.3 +6.1
VYMI Vanguard International High Dividend Yield ETF 0.4 17 43 9.4 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 26 7.6 +1.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 56 8.0 +1.8
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.4 78 -18 9.1 +2.9
TEMP JPMorgan Climate Change Solutions ETF 0.4 49 11 5.8 -0.3
BLLD JPMorgan Sustainable Infrastructure ETF 0.4 49 11 6.1 0.0
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 30 7.5 +1.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.3 35 25 17.5 +11.4
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 53 7.8 +1.6
VXUS Vanguard Total International Stock ETF 0.3 5 55 7.7 +1.6
EMC Global X Emerging Markets Great Consumer ETF 0.3 75 -15 10.6 +4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 19 7.4 +1.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 48 5.1 -1.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 40 5.6 -0.6
VSGX Vanguard ESG International Stock ETF 0.3 10 50 7.5 +1.4
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -2 3.6 -2.6
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 42 7.8 +1.7
WBAT WisdomTree Battery Value Chain and Innovation Fund 0.2 45 15 4.0 -2.2
CNXT VanEck ChiNext ETF 0.2 65 -5 3.7 -2.5
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 -15 2.8 -3.4
GMET VanEck Green Metals ETF 0.2 63 -3 8.5 +2.3
ION ProShares S&P Global Core Battery Metals ETF 0.2 58 2 9.2 +3.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 11 5.7 -0.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 30 7.7 +1.6
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.1 67 -7 13.5 +7.4
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 13 5.3 -0.9
ACWI iShares MSCI ACWI ETF 0.1 32 28 5.5 -0.7
VT Vanguard Total World Stock ETF 0.1 6 54 5.8 -0.4
SCHE Schwab Emerging Markets Equity ETF 0.1 11 49 10.6 +4.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 2 9.5 +3.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.6 -0.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 48 8.0 +1.8
GLOF iShares Global Equity Factor ETF 0.0 20 40 6.4 +0.2

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:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.51
 
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.