iShares Emerging Markets Dividend ETF
ALTAR
Score™
16.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
6.3x P/Sales
ratio
0.4x
P/BV
ratio
0.9x Div.
yield
9.2%


  • 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) $707
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 97
Wgt avg mkt cap (mns) $11,833
Large cap (>$10bn) 21.3%
Mid cap ($2-10bn) 52.3%
Small cap (<$2bn) 22.7%
Developed mkts 9.7%
Emerging mkts 88.0%

TOP TEN HOLDINGS
EVRAZ PLC 2.7 %
NOVOLIPET STEEL-GDR REG S 2.2 %
INDIABULLS HOUSING FINANCE L 2.0 %
ABSA GROUP LTD 1.8 %
RURAL ELECTRIFICATION CORP 1.8 %
TAMBANG BATUBARA BUKIT ASAM 1.7 %
NEDBANK GROUP LTD 1.7 %
ALDAR PROPERTIES PJSC 1.7 %
TOFAS TURK OTOMOBIL FABRIKA 1.6 %
GUANGZHOU R&F PROPERTIES - H 1.6 %
Total 18.8 %

TOP COUNTRY EXPOSURE
CHINA 14.7 %
RUSSIA 13.0 %
SOUTH AFRICA 11.8 %
TAIWAN 9.3 %
BRAZIL 8.9 %
THAILAND 5.7 %
INDIA 5.3 %
HONG KONG 5.3 %
UAE 5.2 %
BRITAIN 3.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.5% -2.5% 10.1% -- 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.93 65%
MSCI EAFE 1.02 78%
MSCI Emg. Mkts. 0.90 77%

Technical Indicators
Recent close $37.93
30d moving avg. $37.55
Annualized volatility 21.6%
Short interest (ETF) 1.5%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 155
Turnover 0.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $3,010

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 16.7%


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
(%)
DFAE Dimensional Emerging Core Equity Market ETF 42.5 35 14 7.0 -9.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 26.7 66 -17 16.5 -0.2
SDIV Global X SuperDividend ETF 25.2 59 -10 11.8 -4.9
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 19.6 51 -2 18.7 +2.1
EEMD AAM S&P Emerging Markets High Dividend Value ETF 17.0 50 -1 16.3 -0.4
EYLD Cambria Emerging Shareholder Yield ETF 16.5 69 -20 10.9 -5.8
DEM WisdomTree Emerging Markets High Dividend Fund 11.0 63 -14 12.9 -3.7
PXH Invesco FTSE RAFI Emerging Markets ETF 11.0 50 -1 11.6 -5.0
RNEM First Trust Emerging Markets Equity Select ETF 10.8 75 -26 10.2 -6.5
FLRU Franklin FTSE Russia ETF 10.8 19 30 24.8 +8.1
IQDE FlexShares International Quality Dividend Defensive Index ET 10.6 47 2 7.8 -8.9
RSX VanEck Vectors Russia ETF 10.4 67 -18 14.1 -2.5
ROAM Hartford Multifactor Emerging Markets ETF 10.4 44 5 11.5 -5.1
IQDF FlexShares International Quality Dividend Index Fund 10.4 47 2 7.9 -8.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.6 47 2 8.1 -8.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.6 29 20 9.5 -7.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 9.5 39 10 11.6 -5.1
ERUS iShares MSCI Russia ETF 9.4 59 -10 13.7 -2.9
EZA iShares MSCI South Africa ETF 9.2 59 -10 6.8 -9.9
FLZA Franklin FTSE South Africa ETF 8.9 19 30 9.6 -7.1
FEM First Trust Emerging Markets AlphaDEX Fund 8.5 80 -31 10.5 -6.2
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 7.9 63 -14 11.3 -5.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 7.3 45 4 12.1 -4.6
CEZ VictoryShares Emerging Market Volatility Wtd ETF 7.3 50 -1 9.5 -7.1
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 7.1 44 5 8.2 -8.5
FDEM Fidelity Emerging Markets Multifactor ETF 7.0 45 4 7.7 -8.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.0 95 -46 7.1 -9.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.5 25 24 6.4 -10.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.4 59 -10 10.6 -6.1
BKF iShares MSCI BRIC ETF 6.3 70 -21 6.2 -10.5
FBZ First Trust Brazil AlphaDEX Fund 6.3 80 -31 7.4 -9.3
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 6.2 80 -31 9.4 -7.3
FCA First Trust China AlphaDEX Fund 6.2 80 -31 12.8 -3.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.0 60 -11 9.0 -7.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.0 49 0 7.6 -9.1
ISEM Invesco RAFI Strategic Emerging Markets ETF 5.9 35 14 8.9 -7.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 5.9 15 34 7.3 -9.4
EDIV SPDR S&P Emerging Markets Dividend ETF 5.8 49 0 10.5 -6.2
RODE Hartford Multifactor Diversified International ETF 5.6 29 20 10.5 -6.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.6 40 9 6.1 -10.6
EMGF iShares MSCI Emerging Markets Multifactor ETF 5.6 45 4 8.6 -8.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 5.5 74 -25 9.9 -6.7
KOL VanEck Vectors Coal ETF 5.5 60 -11 14.1 -2.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 5.4 30 19 7.5 -9.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.3 45 4 6.3 -10.3
VWO Vanguard FTSE Emerging Markets ETF 5.3 10 39 6.9 -9.7
FLBR Franklin FTSE Brazil ETF 5.3 19 30 5.2 -11.5
EMFM Global X MSCI Next Emerging & Frontier ETF 5.3 66 -17 8.2 -8.5
UAE iShares MSCI UAE Capped ETF 5.2 59 -10 5.9 -10.7
EMXC iShares MSCI Emerging Markets ex China ETF 5.1 25 24 6.6 -10.1
EEM iShares MSCI Emerging Markets ETF 5.1 70 -21 6.0 -10.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 5.0 36 13 6.8 -9.9
IEMG iShares Core MSCI Emerging Markets ETF 4.9 11 38 6.6 -10.1
EWZ iShares MSCI Brazil Capped ETF 4.9 59 -10 4.4 -12.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.8 25 24 6.6 -10.0
FXI iShares China Large-Cap ETF 4.8 74 -25 10.5 -6.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.8 65 -16 6.0 -10.7
FLLA Franklin FTSE Latin America ETF 4.8 19 30 6.2 -10.5
BKEM BNY Mellon Emerging Markets Equity ETF 4.7 11 38 6.7 -10.0
ESGE iShares ESG Aware MSCI EM ETF 4.5 25 24 7.0 -9.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 4.5 20 29 9.4 -7.2
EMMF WisdomTree Emerging Markets Multifactor Fund 4.5 48 1 8.1 -8.6
GVAL Cambria Global Value ETF 4.4 65 -16 9.3 -7.4
SPEM SPDR Portfolio Emerging Markets ETF 4.4 11 38 6.5 -10.1
LDEM iShares ESG MSCI EM Leaders ETF 4.3 16 33 6.4 -10.3
JHEM John Hancock Multifactor Emerging Markets ETF 4.1 49 0 7.4 -9.2
VYMI Vanguard International High Dividend Yield ETF 4.1 27 22 9.0 -7.6
SCHE Schwab Emerging Markets Equity ETF 4.0 11 38 6.7 -9.9
FTRI First Trust Indxx Global Natural Resources Income ETF 4.0 70 -21 7.7 -9.0
EMXF iShares ESG Advanced MSCI EM ETF 3.9 16 33 7.1 -9.6
RESE WisdomTree Emerging Markets ESG Fund 3.9 32 17 6.7 -10.0
GMF SPDR S&P Emerging Asia Pacific ETF 3.8 49 0 5.9 -10.7
AVEM Avantis Emerging Markets Equity ETF 3.8 33 16 7.3 -9.4
VIDI Vident International Equity Fund 3.8 59 -10 9.7 -7.0
CHIR Global X MSCI China Real Estate ETF 3.8 65 -16 18.9 +2.2
EWT iShares MSCI Taiwan ETF 3.7 59 -10 4.8 -11.8
FLCH Franklin FTSE China ETF 3.6 19 30 7.0 -9.7
MCHI iShares MSCI China ETF 3.5 59 -10 6.4 -10.3
GXC SPDR S&P China ETF 3.5 59 -10 6.5 -10.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 3.5 30 19 6.4 -10.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 3.4 20 29 5.5 -11.2
EEMA iShares MSCI Emerging Markets Asia ETF 3.4 50 -1 6.3 -10.3
FILL iShares MSCI Global Energy Producers ETF 3.3 39 10 5.6 -11.1
CHIE Global X MSCI China Energy ETF 3.2 66 -17 11.4 -5.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.2 32 17 7.4 -9.2
FLTW Franklin FTSE Taiwan ETF 3.1 19 30 5.1 -11.6
CHIX Global X MSCI China Financials ETF 3.1 66 -17 18.3 +1.6
PIE Invesco DWA Emerging Markets Momentum ETF 3.1 90 -41 1.8 -14.8
OBOR KraneShares MSCI One Belt One Road Index ETF 3.1 79 -30 7.1 -9.6
FLN First Trust Latin America AlphaDEX Fund 2.9 80 -31 10.2 -6.4
FLAX Franklin FTSE Asia Ex Japan ETF 2.9 19 30 6.2 -10.4
AFK VanEck Vectors Africa Index ETF 2.8 79 -30 7.2 -9.4
CN Xtrackers MSCI All China Equity ETF 2.8 50 -1 6.9 -9.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.8 68 -19 5.7 -11.0
KALL KraneShares MSCI All China Index ETF 2.7 49 0 6.9 -9.8
EWZS iShares MSCI Brazil Small-Cap ETF 2.7 59 -10 5.1 -11.6
BRF VanEck Vectors Brazil Small-Cap ETF 2.7 63 -14 2.2 -14.5
AIA iShares Asia 50 ETF 2.7 50 -1 6.0 -10.7

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

  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

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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 14.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 16.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.