iShares MSCI China A ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.7x P/Sales
ratio		 1.4x
P/BV
ratio		 1.5x Div.
yield		 2.4%


  • 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) $208
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
KWEICHOW MOUTAI CO LTD-A 3.4 %
CONTEMPORARY AMPEREX TECHNOLOGY A 3.1 %
ZHONGJI INNOLIGHT A 1.9 %
CHINA MERCHANTS BANK -A 1.7 %
CAMBRICON TECHNOLOGIES CORPORATION 1.4 %
CHINA YANGTZE POWER CO LTD-A 1.4 %
ZIJIN MINING GROUP LTD A 1.4 %
FOXCONN INDUSTRIAL INTERNET LTD A 1.3 %
PING AN INSURANCE (GROUP) OF CHINA 1.3 %
AGRICULTURAL BANK OF CHINA LTD A 1.2 %
Total 18.1 %

TOP COUNTRY EXPOSURE
CHINA 25.7 %










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.
4.4% 9.6% -0.7% 5.3% 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.77 25%
MSCI EAFE 0.67 28%
MSCI Emg. Mkts. 0.53 44%

Technical Indicators
Recent close $35.17
30d moving avg. $35.86
Annualized volatility 22.6%
Short interest (ETF) 16.7%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.6%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $36,378

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 107 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™: 6.7%


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
(%)
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 10.9 55 5 6.6 -0.0
JCHI JPMorgan Active China ETF 6.3 65 -5 16.3 +9.6
GXC SPDR S & P China ETF 5.5 59 1 19.7 +13.1
FLCH Franklin FTSE China ETF 4.9 19 41 19.1 +12.5
TCHI iShares MSCI China Multisector Tech ETF 4.9 59 1 15.3 +8.7
MCHI iShares MSCI China ETF 4.6 59 1 21.4 +14.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.6 32 28 15.3 +8.7
OBOR KraneShares MSCI One Belt One Road Index ETF 3.3 79 -19 7.1 +0.4
CQQQ Invesco China Technology ETF 3.1 70 -10 17.5 +10.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.0 25 35 5.9 -0.7
MCH Matthews China Active ETF 2.8 79 -19 15.3 +8.6
KGRN KraneShares MSCI China Clean Technology Index ETF 2.7 79 -19 4.2 -2.4
BKF iShares MSCI BIC ETF 2.7 69 -9 15.2 +8.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.6 60 0 6.7 +0.0
EEMA iShares MSCI Emerging Markets Asia ETF 2.1 49 11 7.4 +0.8
ICLN iShares Global Clean Energy ETF 2.0 41 19 2.1 -4.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 30 7.4 +0.7
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 1.9 65 -5 4.7 -2.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.7 45 15 8.0 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.6 50 10 8.0 +1.4
ECON Columbia Emerging Markets Consumer ETF 1.5 49 11 6.5 -0.2
VCLN Virtus Duff & Phelps Clean Energy ETF 1.4 59 1 2.8 -3.9
JADE JPMorgan Active Developing Markets Equity ETF 1.4 65 -5 5.9 -0.7
KURE KraneShares MSCI All China Health Care Index ETF 1.3 65 -5 2.6 -4.1
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 53 9.4 +2.8
CHIQ Global X MSCI China Consumer Discretionary ETF 1.3 65 -5 15.9 +9.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 11 8.5 +1.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.2 44 16 9.3 +2.7
FLAX Franklin FTSE Asia Ex Japan ETF 1.2 19 41 7.0 +0.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 24 5.8 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 70 -10 6.9 +0.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.0 15 45 8.0 +1.3
VWO Vanguard FTSE Emerging Markets ETF 1.0 7 53 9.1 +2.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 28 7.5 +0.9
VEGI iShares MSCI Agriculture Producers ETF 1.0 39 21 7.3 +0.6
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 0.9 69 -9 7.6 +0.9
EEM iShares MSCI Emerging Markets ETF 0.9 69 -9 7.8 +1.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.9 11 49 24.2 +17.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.9 33 27 6.7 +0.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 30 7.9 +1.2
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 44 6.5 -0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.9 36 24 7.6 +0.9
CGRO CoreValues Alpha Greater China Growth ETF 0.9 75 -15 5.8 -0.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.9 66 -6 7.3 +0.7
LDEM iShares ESG MSCI EM Leaders ETF 0.8 17 43 12.7 +6.1
IEMG iShares Core MSCI Emerging Markets ETF 0.8 9 51 8.1 +1.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.8 15 45 8.9 +2.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 49 11 7.4 +0.8
CNXT VanEck ChiNext ETF 0.8 65 -5 3.1 -3.5
MEM Matthews Emerging Markets Equity Active ETF 0.8 79 -19 8.7 +2.0
DFEV Dimensional Emerging Markets Value ETF 0.7 43 17 9.1 +2.5
IGRO iShares International Dividend Growth ETF 0.7 15 45 6.7 +0.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.7 88 -28 8.5 +1.8
KSTR KraneShares SSE STAR Market 50 Index ETF 0.7 89 -29 0.7 -6.0
DFAE Dimensional Emerging Core Equity Market ETF 0.7 35 25 6.9 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 11 13.0 +6.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 1 8.5 +1.8
ESGE iShares ESG Aware MSCI EM ETF 0.6 25 35 8.1 +1.5
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 22 6.9 +0.3
MINV Matthews Asia Innovators Active ETF 0.6 79 -19 5.8 -0.9
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.5 72 -12 2.7 -4.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.5 41 19 4.8 -1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.5 41 19 6.8 +0.2
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 25 9.9 +3.3
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 35 8.8 +2.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 40 5.7 -1.0
ETEC iShares Breakthrough Environmental Solutions ETF 0.4 47 13 3.4 -3.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 48 4.5 -2.2
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.4 67 -7 12.2 +5.6
VYMI Vanguard International High Dividend Yield ETF 0.4 17 43 7.8 +1.2
VIGI Vanguard International Dividend Appreciation ETF 0.4 10 50 6.0 -0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 14 7.5 +0.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.3 78 -18 9.4 +2.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.3 63 -3 9.9 +3.3
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.3 75 -15 1.9 -4.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 56 6.7 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 26 6.3 -0.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 40 4.7 -1.9
VXUS Vanguard Total International Stock ETF 0.3 5 55 6.6 -0.1
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 -2 3.5 -3.2
IBAT iShares Energy Storage & Materials ETF 0.3 47 13 1.7 -5.0
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 53 6.5 -0.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 42 6.3 -0.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 21 8.1 +1.5
VSGX Vanguard ESG International Stock ETF 0.3 10 50 6.5 -0.1
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 11 4.6 -2.0
BOTZ Global X Robotics & Artificial Intelligence ETF 0.2 69 -9 2.1 -4.5
DRGN Themes China Generative Artificial Intelligence ETF 0.2 39 21 10.5 +3.9
AIS VistaShares Artificial Intelligence Supercycle ETF 0.2 75 -15 1.0 -5.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 30 6.4 -0.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 58 2 8.5 +1.8
LIT Global X Lithium & Battery Tech ETF 0.2 75 -15 5.7 -0.9
ILIT iShares Lithium Miners and Producers ETF 0.2 47 13 4.4 -2.2
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 30 6.3 -0.4
SCHE Schwab Emerging Markets Equity ETF 0.1 11 49 9.4 +2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 19 5.9 -0.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.1 47 13 5.2 -1.5
BATT Amplify Lithium & Battery Technology ETF 0.1 59 1 2.1 -4.6
ACWI iShares MSCI ACWI ETF 0.1 32 28 4.6 -2.0
VT Vanguard Total World Stock ETF 0.1 6 54 5.0 -1.7
JIVE JPMorgan International Value ETF 0.1 55 5 7.9 +1.3
GLOF iShares Global Equity Factor ETF 0.1 20 40 5.5 -1.2
AQLT iShares MSCI Global Quality Factor ETF 0.1 18 42 0.0 -6.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 51 4.8 -1.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 48 9.0 +2.3
AGMI Themes Silver Miners ETF 0.0 35 25 3.7 -3.0
XT iShares Exponential Technologies ETF 0.0 46 14 3.9 -2.7

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 6.7 %
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.