iShares MSCI China A ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.5x P/Sales
ratio		 1.4x
P/BV
ratio		 1.5x 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) $219
Currency USD
Expense ratio 60 bp
Distributions Semi-annual

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 409
Wgt avg mkt cap (mns) $18,005
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
CONTEMPORARY AMPEREX TECHNOLOGY LT 3.2 %
KWEICHOW MOUTAI CO LTD-A 3.0 %
ZHONGJI INNOLIGHT LTD A 2.6 %
CAMBRICON TECHNOLOGIES CORPORATION 1.9 %
CHINA MERCHANTS BANK -A 1.5 %
EOPTOLINK TECHNOLOGY INC LTD A 1.5 %
FOXCONN INDUSTRIAL INTERNET LTD A 1.4 %
CHINA YANGTZE POWER CO LTD-A 1.3 %
NAURA TECHNOLOGY GROUP LTD A 1.2 %
ZIJIN MINING GROUP LTD A 1.1 %
Total 18.7 %

TOP COUNTRY EXPOSURE
CHINA 25.3 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
11.1% 36.0% -0.4% 6.5% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.75 24%
MSCI EAFE 0.63 27%
MSCI Emg. Mkts. 0.53 42%

Technical Indicators
Recent close $34.84
30d moving avg. $36.97
Annualized volatility 22.6%
Short interest (ETF) 35.2%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 80
Turnover 1.3%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $36,378

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 110 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™: 6.6%


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
(%)
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 10.3 55 5 6.4 -0.3
JCHI JPMorgan Active China ETF 6.2 65 -5 15.5 +8.9
GXC SPDR S & P China ETF 5.6 59 1 19.2 +12.5
FLCH Franklin FTSE China ETF 4.7 19 41 18.4 +11.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 4.7 60 0 6.7 +0.0
MCHI iShares MSCI China ETF 4.4 59 1 20.6 +14.0
TCHI iShares MSCI China Multisector Tech ETF 4.4 59 1 14.6 +8.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.4 32 28 14.4 +7.7
OBOR KraneShares MSCI One Belt One Road Index ETF 3.3 79 -19 7.7 +1.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.1 25 35 6.2 -0.4
BKF iShares MSCI BIC ETF 2.7 69 -9 14.8 +8.2
KGRN KraneShares MSCI China Clean Technology Index ETF 2.7 79 -19 3.8 -2.9
CQQQ Invesco China Technology ETF 2.6 70 -10 15.8 +9.1
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 2.3 65 -5 4.9 -1.7
MCH Matthews China Active ETF 2.3 79 -19 15.1 +8.5
EEMA iShares MSCI Emerging Markets Asia ETF 2.1 49 11 7.7 +1.1
ICLN iShares Global Clean Energy ETF 2.0 41 19 2.0 -4.6
ECON Columbia Emerging Markets Consumer ETF 2.0 49 11 6.9 +0.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.0 30 30 7.8 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 10 8.6 +2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 15 8.3 +1.6
JADE JPMorgan Active Developing Markets Equity ETF 1.4 65 -5 6.2 -0.5
FLAX Franklin FTSE Asia Ex Japan ETF 1.4 19 41 7.4 +0.7
KURE KraneShares MSCI All China Health Care Index ETF 1.4 65 -5 2.7 -4.0
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 53 9.7 +3.0
VCLN Virtus Duff & Phelps Clean Energy ETF 1.3 59 1 2.7 -3.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.3 15 45 8.2 +1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.3 44 16 9.6 +2.9
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 11 8.8 +2.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.2 33 27 6.9 +0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 1.1 36 24 6.2 -0.5
VWO Vanguard FTSE Emerging Markets ETF 1.0 7 53 9.3 +2.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 28 7.7 +1.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.0 15 45 9.1 +2.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.0 70 -10 7.1 +0.5
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 49 24.9 +18.3
CHIQ Global X MSCI China Consumer Discretionary ETF 1.0 65 -5 14.1 +7.4
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 21 7.6 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 30 8.2 +1.6
TTAI FCF International Quality ETF 0.9 59 1 6.9 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.9 66 -6 7.5 +0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 24 7.8 +1.2
EEM iShares MSCI Emerging Markets ETF 0.9 69 -9 8.1 +1.4
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.9 69 -9 7.7 +1.1
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 44 6.8 +0.2
CGRO CoreValues Alpha Greater China Growth ETF 0.9 75 -15 5.3 -1.4
MEM Matthews Emerging Markets Equity Active ETF 0.8 79 -19 8.8 +2.1
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 11 7.8 +1.2
DFEV Dimensional Emerging Markets Value ETF 0.8 43 17 9.7 +3.1
MINV Matthews Asia Innovators Active ETF 0.8 79 -19 5.7 -1.0
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 51 8.5 +1.8
KSTR KraneShares SSE STAR Market 50 Index ETF 0.8 89 -29 0.7 -6.0
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 43 13.0 +6.3
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.7 88 -28 8.4 +1.7
IGRO iShares International Dividend Growth ETF 0.7 15 45 6.7 +0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 11 13.6 +7.0
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 25 7.2 +0.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 19 5.0 -1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 1 8.8 +2.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 19 7.2 +0.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.5 38 22 7.3 +0.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -12 2.6 -4.1
CNXT VanEck ChiNext ETF 0.5 65 -5 3.0 -3.6
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 13 3.1 -3.6
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 35 8.5 +1.9
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 40 5.7 -0.9
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 25 10.5 +3.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 14 8.1 +1.5
VYMI Vanguard International High Dividend Yield ETF 0.4 17 43 8.0 +1.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 48 4.5 -2.2
DEM WisdomTree Emerging Markets High Dividend Fund 0.4 63 -3 10.6 +3.9
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 50 6.0 -0.6
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 35 9.2 +2.6
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -2 3.3 -3.4
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 56 6.8 +0.2
ION ProShares S&P Global Core Battery Metals ETF 0.3 58 2 7.1 +0.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.3 78 -18 9.6 +2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 21 8.9 +2.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 26 6.5 -0.2
VXUS Vanguard Total International Stock ETF 0.3 5 55 6.7 +0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.3 49 11 4.7 -2.0
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 53 6.7 +0.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 40 4.8 -1.9
VSGX Vanguard ESG International Stock ETF 0.3 10 50 6.7 +0.0
GMET VanEck Green Metals ETF 0.2 63 -3 1.0 -5.6
BATT Amplify Lithium & Battery Technology ETF 0.2 59 1 2.2 -4.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -9 2.1 -4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 41 19 6.0 -0.7
LIT Global X Lithium & Battery Tech ETF 0.2 75 -15 6.0 -0.6
ILIT iShares Lithium Miners and Producers ETF 0.2 47 13 4.5 -2.1
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 -15 1.0 -5.6
DRGN Themes China Generative Artificial Intelligence ETF 0.2 39 21 9.7 +3.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 2 8.7 +2.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 30 6.5 -0.1
SCHE Schwab Emerging Markets Equity ETF 0.2 11 49 9.6 +2.9
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 30 6.5 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 42 6.4 -0.2
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.7 -1.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.1 67 -7 12.4 +5.8
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 13 5.0 -1.6
VT Vanguard Total World Stock ETF 0.1 6 54 5.1 -1.6
JIVE JPMorgan International Value ETF 0.1 55 5 8.3 +1.6
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 42 0.0 -6.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 48 8.5 +1.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 4.9 -1.8
IVRS iShares Future Metaverse Tech and Communications ETF 0.1 47 13 5.2 -1.4
XT iShares Exponential Technologies ETF 0.0 46 14 4.0 -2.7
AGMI Themes Silver Miners ETF 0.0 35 25 4.8 -1.9
GLOF iShares Global Equity Factor ETF 0.0 20 40 5.6 -1.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.0 8 52 6.6 -0.1

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 10.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.53
 
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.