iShares Emerging Markets Dividend ETF
ALTAR
Score™
16.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.5x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
7.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares Emerging Markets Dividend Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones Emerging Markets Select Dividend Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Feb 23, 2012
Assets (mns) $642
Currency USD
Expense ratio 49 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Dividend
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $10,672
Large cap (>$10bn) 20.8%
Mid cap ($2-10bn) 43.4%
Small cap (<$2bn) 33.6%
Developed mkts 8.0%
Emerging mkts 92.0%

TOP TEN HOLDINGS
INDIABULLS HOUSING FINANCE L 2.0 %
TELKOM SA SOC LTD. 1.9 %
NOVOLIPET STEEL-GDR REG S 1.7 %
EVRAZ PLC 1.7 %
GUANGZHOU R&F PROPERTIES - H 1.7 %
CYRELA BRAZIL REALTY 1.7 %
VEON LTD. SPONSORED ADR 1.6 %
AGILE PROPERTY HOLDINGS LTD 1.5 %
JASMINE INTERNATIONAL PUBLIC CO. L 1.5 %
OIL INDIA LTD 1.5 %
Total 16.8 %

TOP COUNTRY EXPOSURE
CHINA 15.9 %
RUSSIA 13.8 %
SOUTH AFRICA 11.7 %
TAIWAN 10.5 %
BRAZIL 10.3 %
THAILAND 5.8 %
INDIA 4.9 %
HONG KONG 4.2 %
UAE 3.9 %
MALAYSIA 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.1% -15.5% 2.5% -- -1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.87 64%
MSCI EAFE 1.02 74%
MSCI Emg. Mkts. 0.82 78%

Technical Indicators
Recent close $32.03
30d moving avg. $32.37
Annualized volatility 18.7%
Short interest (ETF) 0.9%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 141
Turnover 0.7%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $2,150

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the iShares Emerging Markets Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with DVYE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DVYE Expense: 49 bp ALTAR Score™: 16.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DVYE
Ticker Fund
Name
Overlap1
vs DVYE
(%)
Expense
ratio
(bp)
Savings
vs DVYE
(bp)
ALTAR
Score™
(%)
ALTAR
vs DVYE
(%)
SDEM Global X SuperDividend Emerging Markets ETF 28.2 66 -17 16.1 -0.5
SDIV Global X SuperDividend ETF 25.7 59 -10 13.3 -3.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 22.4 51 -2 13.9 -2.8
EYLD Cambria Emerging Shareholder Yield ETF 19.3 66 -17 17.0 +0.3
DEM WisdomTree Emerging Markets High Dividend Fund 15.6 63 -14 14.1 -2.5
RNEM Emerging Markets Equity Select ETF 12.7 75 -26 11.6 -5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 11.9 50 -1 13.2 -3.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 11.3 47 2 12.0 -4.6
EDIV SPDR S&P Emerging Markets Dividend ETF 11.1 49 0 11.1 -5.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 10.8 39 10 12.7 -3.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 10.8 50 -1 20.9 +4.3
IQDF FlexShares International Quality Dividend Index Fund 10.3 47 2 12.2 -4.4
ERUS iShares MSCI Russia ETF 10.2 59 -10 15.2 -1.4
ROAM Hartford Multifactor Emerging Markets ETF 9.9 44 5 14.5 -2.1
FEM First Trust Emerging Markets AlphaDEX Fund 9.8 80 -31 12.5 -4.1
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 9.7 63 -14 12.4 -4.2
FLRU Franklin FTSE Russia ETF 9.6 19 30 19.3 +2.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.2 47 2 12.6 -4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.0 95 -46 9.0 -7.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 8.9 29 20 9.9 -6.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.8 60 -11 10.4 -6.2
FLZA Franklin FTSE South Africa ETF 8.2 19 30 11.4 -5.3
RSX VanEck Vectors Russia ETF 8.1 67 -18 12.3 -4.4
EZA iShares MSCI South Africa ETF 8.1 59 -10 7.5 -9.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.1 70 -21 13.2 -3.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 8.0 44 5 8.8 -7.8
FBZ First Trust Brazil AlphaDEX Fund 7.9 80 -31 6.4 -10.2
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 7.8 45 4 13.0 -3.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.8 45 4 9.4 -7.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 7.7 50 -1 10.2 -6.5
BKF iShares MSCI BRIC ETF 7.6 69 -20 7.2 -9.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 7.4 49 0 7.6 -9.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 7.3 45 4 8.6 -8.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 7.2 59 -10 10.8 -5.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.9 49 0 7.7 -8.9
ISEM Invesco Strategic Emerging Markets ETF 6.8 35 14 10.2 -6.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 6.8 15 34 8.4 -8.3
FLBR Franklin FTSE Brazil ETF 6.5 19 30 5.1 -11.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.4 45 4 7.7 -8.9
EMXC iShares MSCI Emerging Markets ex China ETF 6.3 25 24 8.0 -8.7
EEM iShares MSCI Emerging Markets ETF 6.1 68 -19 7.2 -9.4
CHIR Global X MSCI China Real Estate ETF 6.0 65 -16 17.5 +0.9
EWZ iShares MSCI Brazil Capped ETF 6.0 59 -10 4.6 -12.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.0 30 19 8.5 -8.1
VWO Vanguard FTSE Emerging Markets ETF 6.0 10 39 7.8 -8.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 6.0 20 29 11.1 -5.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 6.0 36 13 7.9 -8.7
ESGE iShares ESG MSCI EM ETF 6.0 25 24 8.4 -8.2
FLLA Franklin FTSE Latin America ETF 5.9 19 30 6.6 -10.0
BKEM BNY Mellon Emerging Markets Equity ETF 5.9 11 38 8.2 -8.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 65 -16 7.3 -9.4
IEMG iShares Core MSCI Emerging Markets ETF 5.8 13 36 7.7 -8.9
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.6 40 9 7.1 -9.6
FCA First Trust China AlphaDEX Fund 5.6 80 -31 13.4 -3.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 5.5 25 24 7.7 -9.0
FXI iShares China Large-Cap ETF 5.4 74 -25 13.0 -3.7
JHEM John Hancock Multifactor Emerging Markets ETF 5.2 49 0 8.2 -8.4
EMMF WisdomTree Emerging Markets Multifactor Fund 5.1 48 1 9.2 -7.4
SPEM SPDR Portfolio Emerging Markets ETF 5.0 11 38 7.7 -9.0
KOL VanEck Vectors Coal ETF 4.9 60 -11 19.9 +3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.8 32 17 8.8 -7.8
DVEM WisdomTree Emerging Markets Dividend Fund 4.8 32 17 8.1 -8.6
SCHE Schwab Emerging Markets Equity ETF 4.8 11 38 7.7 -8.9
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 4.8 80 -31 17.7 +1.1
AVEM Avantis Emerging Markets Equity ETF 4.5 33 16 8.6 -8.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.4 30 19 7.6 -9.0
GMF SPDR S&P Emerging Asia Pacific ETF 4.4 49 0 7.1 -9.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.3 20 29 6.5 -10.1
CHIL Global X MSCI China Large-Cap 50 ETF 4.3 29 20 8.1 -8.5
GXC SPDR S&P China ETF 4.2 59 -10 7.7 -8.9
CHIE Global X China Energy ETF 4.1 66 -17 11.4 -5.2
FLCH Franklin FTSE China ETF 4.1 19 30 8.0 -8.7
MCHI iShares MSCI China ETF 4.1 59 -10 7.5 -9.1
EEMA iShares MSCI Emerging Markets Asia ETF 4.0 50 -1 7.3 -9.4
GVAL Cambria Global Value ETF 3.9 69 -20 11.4 -5.2
VYMI Vanguard International High Dividend Yield ETF 3.9 32 17 10.1 -6.5
UAE iShares MSCI UAE Capped ETF 3.9 59 -10 10.0 -6.6
FTRI First Trust Indxx Global Natural Resources Income ETF 3.7 70 -21 8.9 -7.7
BICK First Trust BICK Index Fund 3.7 64 -15 4.4 -12.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 3.7 60 -11 8.7 -8.0
EMFM Global X MSCI Next Emerging & Frontier ETF 3.7 66 -17 9.1 -7.5
FILL iShares MSCI Global Energy Producers ETF 3.6 39 10 6.5 -10.2
EEMO Invesco S&P Emerging Markets Momentum ETF 3.6 29 20 6.2 -10.5
EWT iShares MSCI Taiwan ETF 3.5 59 -10 5.5 -11.1
KALL KraneShares FTSE Emerging Markets Plus ETF 3.5 49 0 7.8 -8.8
FLAX Franklin FTSE Asia Ex Japan ETF 3.4 19 30 7.5 -9.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.4 68 -19 6.9 -9.8
CN Xtrackers MSCI All China Equity ETF 3.3 50 -1 7.8 -8.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 3.3 64 -15 4.5 -12.2
CHIX Global X China Financials ETF 3.3 66 -17 18.5 +1.8
XCEM Columbia EM Core ex-China ETF 3.3 16 33 7.2 -9.5
FLN First Trust Latin America AlphaDEX Fund 3.2 80 -31 7.4 -9.2
EWZS iShares MSCI Brazil Small-Cap ETF 3.2 59 -10 4.3 -12.4
BRF VanEck Vectors Brazil Small-Cap ETF 3.2 63 -14 3.1 -13.6
AIA iShares Asia 50 ETF 3.2 50 -1 7.8 -8.8
FLTW Franklin FTSE Taiwan ETF 3.1 19 30 6.0 -10.7
VIDI Vident International Equity Fund 3.1 59 -10 11.2 -5.4

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
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

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares Emerging Markets Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 16.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.45
 
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.