iShares MSCI China A ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.7x P/Sales
ratio		 1.3x
P/BV
ratio		 1.5x Div.
yield		 2.7%


  • 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) $369
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 432
Wgt avg mkt cap (mns) $49,135
Large cap (>$10bn) 78.7%
Mid cap ($2-10bn) 21.3%
Small cap (<$2bn) 0.0%
Developed mkts 3.8%
Emerging mkts 96.2%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 5.0 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 3.0 %
CHINA MERCHANTS BANK -A 2.0 %
CHINA YANGTZE POWER CO LTD-A 1.7 %
PING AN INSURANCE (GROUP) COMPANY 1.5 %
WULIANGYE YIBIN CO LTD-A 1.5 %
BYD CO LTD -A 1.3 %
EAST MONEY INFORMATION CO., LTD CL 1.0 %
AGRICULTURAL BANK OF CHINA-A 1.0 %
CITIC SECURITIES CO-A 1.0 %
Total 18.9 %

TOP COUNTRY EXPOSURE
CHINA 76.7 %










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.
13.9% 12.9% 2.6% -- 3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.29 4%
MSCI EAFE 0.54 14%
MSCI Emg. Mkts. 0.97 43%

Technical Indicators
Recent close $29.32
30d moving avg. $29.70
Annualized volatility 25.8%
Short interest (ETF) 12.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 112
Turnover 0.9%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $46,277

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 135 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™: 8.0%


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 65.0 65 -5 7.9 -0.0
RAYC Rayliant Quantamental China Equity ETF 40.2 80 -20 8.6 +0.6
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 39.0 55 5 8.5 +0.5
AFTY Pacer CSOP FTSE China A50 ETF 37.3 70 -10 9.0 +1.1
KALL KraneShares MSCI All China Index ETF 36.1 49 11 9.0 +1.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.9 32 28 6.1 -1.9
TCHI iShares MSCI China Multisector Tech ETF 17.2 59 1 1.9 -6.1
MCH Matthews China Active ETF 14.3 79 -19 5.4 -2.6
FLCH Franklin FTSE China ETF 12.6 19 41 8.8 +0.9
MCHI iShares MSCI China ETF 12.1 59 1 8.4 +0.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.4 60 0 9.8 +1.8
JCHI JPMorgan Active China ETF 10.1 65 -5 8.0 -0.0
KGRN KraneShares MSCI China Clean Technology Index ETF 8.9 79 -19 5.6 -2.3
OBOR KraneShares MSCI One Belt One Road Index ETF 8.1 79 -19 10.3 +2.3
GXC SPDR S&P China ETF 6.7 59 1 8.3 +0.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.7 25 35 6.6 -1.3
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 6.3 45 15 5.7 -2.3
BKF iShares MSCI BIC ETF 6.2 69 -9 6.9 -1.1
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 5.9 65 -5 3.9 -4.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.6 32 28 6.2 -1.8
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 5.4 65 -5 6.2 -1.8
EV Mast Global Battery Recycling & Production ETF 5.3 65 -5 12.2 +4.3
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 5.3 72 -12 1.0 -7.0
KURE KraneShares MSCI All China Health Care Index ETF 5.3 65 -5 4.3 -3.7
CGRO CoreValues Alpha Greater China Growth ETF 5.1 75 -15 2.0 -6.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.9 45 15 11.0 +3.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.9 44 16 10.6 +2.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.9 50 10 13.0 +5.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.5 33 27 8.2 +0.3
LIT Global X Lithium & Battery Tech ETF 4.3 75 -15 9.1 +1.1
GSFP Goldman Sachs Future Planet Equity ETF 4.3 75 -15 4.2 -3.7
CHIQ Global X MSCI China Consumer Discretionary ETF 4.1 65 -5 5.9 -2.1
EEMA iShares MSCI Emerging Markets Asia ETF 4.0 49 11 6.5 -1.5
ESGE iShares ESG Aware MSCI EM ETF 3.9 25 35 7.1 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.8 70 -10 6.2 -1.8
DEHP Dimensional Emerging Markets High Profitability ETF 3.7 41 19 5.0 -3.0
ICLN iShares Global Clean Energy ETF 3.7 41 19 6.0 -2.0
FLAX Franklin FTSE Asia Ex Japan ETF 3.7 19 41 6.9 -1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 3.6 36 24 6.5 -1.5
BATT Amplify Lithium & Battery Technology ETF 3.5 59 1 -0.1 -8.1
IBAT iShares Energy Storage & Materials ETF 3.2 47 13 3.1 -4.9
EEM iShares MSCI Emerging Markets ETF 3.2 69 -9 6.9 -1.1
MEM Matthews Emerging Markets Equity Active ETF 3.2 79 -19 5.4 -2.6
EQLT iShares MSCI Emerging Markets Quality Factor ETF 3.1 35 25 7.4 -0.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.1 30 30 8.1 +0.1
VWO Vanguard FTSE Emerging Markets ETF 3.0 8 52 6.9 -1.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.0 66 -6 10.0 +2.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.0 15 45 7.2 -0.7
ECON Columbia Emerging Markets Consumer ETF 2.9 49 11 7.3 -0.6
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.9 45 15 -0.6 -8.5
DEM WisdomTree Emerging Markets High Dividend Fund 2.8 63 -3 18.9 +10.9
IEMG iShares Core MSCI Emerging Markets ETF 2.7 9 51 7.5 -0.5
MINV Matthews Asia Innovators Active ETF 2.7 79 -19 3.0 -5.0
BKEM BNY Mellon Emerging Markets Equity ETF 2.7 11 49 8.4 +0.4
CQQQ Invesco China Technology ETF 2.6 70 -10 -7.9 -15.9
EMGF iShares Emerging Markets Equity Factor ETF 2.4 25 35 8.5 +0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.4 36 24 7.8 -0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 2.4 15 45 10.2 +2.3
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 44 6.8 -1.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.2 59 1 11.3 +3.3
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.2 41 19 7.4 -0.6
IGRO iShares International Dividend Growth ETF 2.1 15 45 7.5 -0.4
DFEV Dimensional Emerging Markets Value ETF 2.0 43 17 11.1 +3.1
GBUY Goldman Sachs Future Consumer Equity ETF 2.0 75 -15 3.3 -4.6
GMF SPDR S&P Emerging Asia Pacific ETF 2.0 49 11 6.1 -1.8
PXH Invesco FTSE RAFI Emerging Markets ETF 1.9 49 11 12.2 +4.3
LDEM iShares ESG MSCI EM Leaders ETF 1.9 17 43 7.6 -0.3
DFAE Dimensional Emerging Core Equity Market ETF 1.8 35 25 7.3 -0.7
XT iShares Exponential Technologies ETF 1.6 46 14 4.8 -3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.6 20 40 6.8 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 1.6 7 53 7.3 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.6 30 30 7.3 -0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.5 46 14 9.3 +1.4
JHEM John Hancock Multifactor Emerging Markets ETF 1.5 49 11 8.2 +0.2
TEMP JPMorgan Climate Change Solutions ETF 1.5 49 11 5.5 -2.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.5 38 22 7.8 -0.2
RAYS Global X Solar ETF 1.4 51 9 6.9 -1.1
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 21 9.2 +1.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.3 35 25 12.4 +4.4
TTAI FCF International Quality ETF 1.3 59 1 5.6 -2.4
ACWV iShares MSCI Global Min Vol Factor ETF 1.2 20 40 6.3 -1.6
ETEC iShares Breakthrough Environmental Solutions ETF 1.1 47 13 8.0 0.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.1 34 26 7.0 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 8 52 7.3 -0.7
BLLD JPMorgan Sustainable Infrastructure ETF 0.9 49 11 5.7 -2.3
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 53 7.2 -0.8
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 2 15.5 +7.6
VYMI Vanguard International High Dividend Yield ETF 0.9 22 38 9.8 +1.9
VIGI Vanguard International Dividend Appreciation ETF 0.8 15 45 6.4 -1.6
VXUS Vanguard Total International Stock ETF 0.8 7 53 7.2 -0.8
BECO BlackRock Future Climate and Sustainable Economy ETF 0.8 70 -10 11.9 +4.0
VSGX Vanguard ESG International Stock ETF 0.8 12 48 6.8 -1.2
KSTR KraneShares SSE STAR Market 50 Index ETF 0.7 89 -29 2.1 -5.9
CGXU Capital Group International Focus Equity ETF 0.7 54 6 4.9 -3.1
GLOF iShares Global Equity Factor ETF 0.7 20 40 7.0 -1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.7 41 19 7.4 -0.6
RING iShares MSCI Global Gold Miners ETF 0.7 39 21 5.6 -2.4
DMAT Global X Disruptive Materials ETF 0.6 59 1 10.5 +2.5
JIG JPMorgan International Growth ETF 0.6 55 5 4.6 -3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 40 5.2 -2.8
AGMI Themes Silver Miners ETF 0.6 35 25 4.5 -3.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.5 78 -18 9.0 +1.0
BIGFX Baron International Growth Retail 0.5 75 -15 3.1 -4.8
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -2 3.6 -4.4
URAN Themes Uranium & Nuclear ETF 0.5 35 25 1.9 -6.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.5 58 2 10.2 +2.2
LIMI Themes Lithium & Battery Metal Miners ETF 0.5 35 25 4.7 -3.3
VCLN Virtus Duff & Phelps Clean Energy ETF 0.5 59 1 3.9 -4.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 30 8.0 -0.0
SDG iShares MSCI Global Sustainable Development Goals ETF 0.4 49 11 5.6 -2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 21 12.8 +4.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 42 7.0 -1.0
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 30 6.9 -1.0
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -29 4.9 -3.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 48 4.8 -3.2
ACWI iShares MSCI ACWI ETF 0.4 32 28 5.3 -2.7
ILIT iShares Lithium Miners and Producers ETF 0.3 47 13 12.3 +4.3
ICOP iShares Copper and Metals Mining ETF 0.3 47 13 10.1 +2.1
VT Vanguard Total World Stock ETF 0.3 7 53 5.5 -2.5
CHAT Roundhill Generative AI & Technology ETF 0.3 75 -15 3.8 -4.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.3 61 -1 18.6 +10.6
CNXT VanEck ChiNext ETF 0.3 65 -5 4.1 -3.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.2 67 -7 15.0 +7.1
EMC Global X Emerging Markets Great Consumer ETF 0.2 75 -15 4.5 -3.5
FILL iShares MSCI Global Energy Producers ETF 0.2 39 21 9.6 +1.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 13 4.9 -3.1
IDAT iShares Future Cloud 5G and Tech ETF 0.2 47 13 4.3 -3.7
ROBO ROBO Global Robotics & Automation Index ETF 0.2 95 -35 3.5 -4.5
FBOT Fidelity Disruptive Automation ETF 0.2 50 10 3.6 -4.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 48 8.3 +0.3
GMET VanEck Green Metals ETF 0.1 63 -3 10.7 +2.7
SCHE Schwab Emerging Markets Equity ETF 0.1 11 49 7.1 -0.9
IWTR iShares MSCI Water Management Multisector ETF 0.1 47 13 5.0 -3.0
KROP Global X AgTech & Food Innovation ETF 0.1 50 10 4.7 -3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.4 -2.6

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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:

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 12.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 CATEGORY
AVERAGE		 1.48
 
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.