iShares MSCI China A ETF
ALTAR
Score™		 8.7% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 11.1x P/Sales
ratio		 1.1x
P/BV
ratio		 1.4x Div.
yield		 2.9%


  • 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) $185
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 520
Wgt avg mkt cap (mns) $45,291
Large cap (>$10bn) 72.9%
Mid cap ($2-10bn) 27.0%
Small cap (<$2bn) 0.2%
Developed mkts 2.9%
Emerging mkts 97.1%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 5.5 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 2.2 %
CHINA MERCHANTS BANK -A 1.8 %
CHINA YANGTZE POWER CO LTD-A 1.7 %
WULIANGYE YIBIN CO LTD-A 1.5 %
PING AN INSURANCE (GROUP) COMPANY 1.1 %
AGRICULTURAL BANK OF CHINA-A 1.0 %
ZIJIN MINING GROUP CO LTD-A 1.0 %
BYD CO LTD -A 1.0 %
IND & COMM BK OF CHINA - A 0.9 %
Total 18.0 %

TOP COUNTRY EXPOSURE
CHINA 77.2 %
BRITISH VIRGIN ISLANDS 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.6% -17.1% -0.5% -- 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.29 5%
MSCI EAFE 0.59 20%
MSCI Emg. Mkts. 0.85 44%

Technical Indicators
Recent close $25.85
30d moving avg. $27.23
Annualized volatility 22.8%
Short interest (ETF) 4.5%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 226
Turnover 3.2%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $30,532

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 126 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™: 8.7%


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 64.0 65 -5 8.9 +0.2
RAYC Rayliant Quantamental China Equity ETF 38.6 80 -20 8.7 +0.0
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 37.6 55 5 8.5 -0.2
KALL KraneShares MSCI All China Index ETF 37.1 49 11 9.4 +0.7
AFTY Pacer CSOP FTSE China A50 ETF 35.8 70 -10 9.3 +0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.0 32 28 5.7 -3.0
TCHI iShares MSCI China Multisector Tech ETF 15.9 59 1 3.1 -5.6
FLCH Franklin FTSE China ETF 14.3 19 41 9.6 +0.9
MCHI iShares MSCI China ETF 13.7 59 1 9.0 +0.3
JCHI JPMorgan Active China ETF 13.2 65 -5 8.0 -0.7
KBUY KraneShares CICC China Consumer Leaders Index ETF 10.9 69 -9 0.0 -8.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.4 60 0 10.0 +1.3
MCH Matthews China Active ETF 9.7 79 -19 6.1 -2.6
GXC SPDR S&P China ETF 8.7 59 1 9.1 +0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.4 45 15 8.6 -0.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 8.3 65 -5 6.3 -2.4
OBOR KraneShares MSCI One Belt One Road Index ETF 8.3 79 -19 10.4 +1.7
BKF iShares MSCI BIC ETF 7.0 69 -9 7.1 -1.6
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 6.8 25 35 7.0 -1.6
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 6.7 45 15 6.3 -2.4
KURE KraneShares MSCI All China Health Care Index ETF 5.9 65 -5 3.6 -5.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 5.8 33 27 7.2 -1.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 5.5 44 16 10.4 +1.7
KFVG KraneShares CICC China 5G & Semiconductor Index ETF 5.3 65 -5 5.0 -3.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.2 32 28 6.3 -2.4
KGRN KraneShares MSCI China Clean Technology Index ETF 5.1 79 -19 6.5 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 4.9 50 10 10.6 +1.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 4.6 72 -12 2.2 -6.5
EEMA iShares MSCI Emerging Markets Asia ETF 4.5 49 11 6.7 -2.0
TTAI FCF International Quality ETF 4.4 59 1 7.3 -1.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.3 70 -10 6.3 -2.4
FLAX Franklin FTSE Asia Ex Japan ETF 4.3 19 41 7.2 -1.5
CHIQ Global X MSCI China Consumer Discretionary ETF 4.3 65 -5 5.4 -3.3
EV Mast Global Battery Recycling & Production ETF 4.2 65 -5 12.8 +4.1
MEM Matthews Emerging Markets Equity Active ETF 4.2 79 -19 5.7 -2.9
ESGE iShares ESG Aware MSCI EM ETF 3.9 25 35 7.7 -1.0
NUEM Nuveen ESG Emerging Markets Equity ETF 3.9 36 24 6.8 -1.9
ICLN iShares Global Clean Energy ETF 3.8 41 19 4.3 -4.4
CGRO CoreValues Alpha Greater China Growth ETF 3.7 75 -15 2.6 -6.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.6 15 45 7.1 -1.6
EEM iShares MSCI Emerging Markets ETF 3.6 69 -9 7.0 -1.7
DEHP Dimensional Emerging Markets High Profitability ETF 3.6 41 19 7.3 -1.4
LIT Global X Lithium & Battery Tech ETF 3.5 75 -15 10.3 +1.6
VWO Vanguard FTSE Emerging Markets ETF 3.5 8 52 7.6 -1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 3.3 30 30 8.6 -0.1
BKEM BNY Mellon Emerging Markets Equity ETF 3.3 11 49 7.7 -1.0
DEM WisdomTree Emerging Markets High Dividend Fund 3.2 63 -3 12.9 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.2 66 -6 7.2 -1.5
EMGF iShares Emerging Markets Equity Factor ETF 3.1 25 35 8.7 0.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.1 36 24 7.5 -1.2
IEMG iShares Core MSCI Emerging Markets ETF 2.9 9 51 7.5 -1.1
LUX Tema Luxury ETF 2.9 75 -15 3.3 -5.4
CQQQ Invesco China Technology ETF 2.7 70 -10 -5.7 -14.4
BATT Amplify Lithium & Battery Technology ETF 2.7 59 1 2.9 -5.8
WBAT WisdomTree Battery Value Chain and Innovation Fund 2.6 45 15 4.9 -3.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.6 59 1 9.6 +0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.5 41 19 7.8 -0.9
GSFP Goldman Sachs Future Planet Equity ETF 2.2 75 -15 4.5 -4.1
EMXF iShares ESG Advanced MSCI EM ETF 2.2 16 44 7.5 -1.2
DFAE Dimensional Emerging Core Equity Market ETF 2.2 35 25 7.7 -1.0
GMF SPDR S&P Emerging Asia Pacific ETF 2.2 49 11 6.4 -2.3
SDG iShares MSCI Global Sustainable Development Goals ETF 2.2 49 11 5.8 -2.9
DFEV Dimensional Emerging Markets Value ETF 2.2 43 17 10.9 +2.3
IGRO iShares International Dividend Growth ETF 2.1 15 45 7.1 -1.6
LDEM iShares ESG MSCI EM Leaders ETF 2.0 17 43 7.8 -0.9
PXH Invesco FTSE RAFI Emerging Markets ETF 1.9 49 11 12.5 +3.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.9 49 11 8.4 -0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.7 20 40 7.5 -1.2
SPEM SPDR Portfolio Emerging Markets ETF 1.7 7 53 7.5 -1.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.7 30 30 7.5 -1.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.6 67 -7 17.5 +8.8
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.6 38 22 8.3 -0.4
XT iShares Exponential Technologies ETF 1.5 46 14 3.8 -4.8
RAYS Global X Solar ETF 1.4 51 9 4.7 -4.0
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 40 6.7 -2.0
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 21 9.2 +0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 58 2 10.2 +1.5
ETEC iShares Breakthrough Environmental Solutions ETF 1.2 47 13 5.3 -3.4
ACWX iShares MSCI ACWI ex U.S. ETF 1.1 34 26 6.7 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 1.0 8 52 7.2 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 19 6.6 -2.1
BLLD JPMorgan Sustainable Infrastructure ETF 0.9 49 11 6.2 -2.5
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 53 6.9 -1.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.9 46 14 8.9 +0.2
VXUS Vanguard Total International Stock ETF 0.9 7 53 7.1 -1.6
KSTR KraneShares SSE STAR Market 50 Index ETF 0.9 89 -29 2.6 -6.1
CGXU Capital Group International Focus Equity ETF 0.8 54 6 4.1 -4.6
VSGX Vanguard ESG International Stock ETF 0.8 12 48 6.8 -1.9
VYMI Vanguard International High Dividend Yield ETF 0.8 22 38 9.7 +1.0
BECO BlackRock Future Climate and Sustainable Economy ETF 0.7 70 -10 13.7 +5.0
TEMP JPMorgan Climate Change Solutions ETF 0.7 49 11 4.7 -4.0
GLOF iShares Global Equity Factor ETF 0.7 20 40 7.0 -1.7
MINV Matthews Asia Innovators Active ETF 0.6 79 -19 2.8 -5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.6 20 40 5.6 -3.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.6 20 40 10.7 +2.0
JIG JPMorgan International Growth ETF 0.6 55 5 4.3 -4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.5 78 -18 8.9 +0.3
RING iShares MSCI Global Gold Miners ETF 0.5 39 21 6.0 -2.7
DMAT Global X Disruptive Materials ETF 0.5 59 1 10.1 +1.5
ERTH Invesco MSCI Sustainable Future ETF 0.5 62 -2 3.7 -5.0
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 30 7.8 -0.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 21 11.0 +2.4
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 30 6.8 -1.9
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -1 14.8 +6.2
VCLN Virtus Duff & Phelps Clean Energy ETF 0.4 59 1 3.5 -5.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 48 5.0 -3.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.4 12 48 8.7 -0.0
CNXT VanEck ChiNext ETF 0.4 65 -5 4.3 -4.4
ACWI iShares MSCI ACWI ETF 0.4 32 28 5.5 -3.2
BTEK Future Tech ETF 0.4 88 -28 2.1 -6.6
VT Vanguard Total World Stock ETF 0.3 7 53 5.8 -2.9
CHAT Roundhill Generative AI & Technology ETF 0.3 75 -15 4.2 -4.5
ION ProShares S&P Global Core Battery Metals ETF 0.3 58 2 11.6 +2.9
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -29 4.7 -4.0
FILL iShares MSCI Global Energy Producers ETF 0.2 39 21 9.0 +0.4
GMET VanEck Green Metals ETF 0.2 63 -3 10.1 +1.5
VIGI Vanguard International Dividend Appreciation ETF 0.2 15 45 5.5 -3.2
SCHE Schwab Emerging Markets Equity ETF 0.2 11 49 7.6 -1.1
IDAT iShares Future Cloud 5G and Tech ETF 0.2 47 13 4.6 -4.1
EMC Global X Emerging Markets Great Consumer ETF 0.1 75 -15 4.9 -3.8
ANEW ProShares MSCI Transformational Changes ETF 0.1 45 15 3.3 -5.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 5.7 -3.0
KROP Global X AgTech & Food Innovation ETF 0.1 50 10 4.7 -4.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 53 6.5 -2.2
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.1 75 -15 3.2 -5.5
IWTR iShares MSCI Water Management Multisector ETF 0.0 47 13 4.8 -3.9

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 12.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.29 CATEGORY
AVERAGE		 1.39
 
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.