iShares Emerging Markets Dividend ETF
ALTAR
Score™
15.0% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
7.7x P/Sales
ratio
0.6x
P/BV
ratio
0.9x Div.
yield
8.7%


  • 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 24, 2012
Assets (mns) $551
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) $11,507
Large cap (>$10bn) 13.2%
Mid cap ($2-10bn) 48.0%
Small cap (<$2bn) 38.0%
Developed mkts 3.7%
Emerging mkts 96.3%

TOP TEN HOLDINGS
ASTRAL FOODS LTD 2.4 %
MMC NORILSK NICKEL OJSC 2.3 %
SEVERSTAL 2.3 %
NANYA TECHNOLOGY CORPORATION 2.1 %
EREGLI DEMIR VE CELIK FABRIK 2.1 %
MAGNITOGORSK IRON&STEEL 2.0 %
SUPREME ELECTRONICS CO LTD 1.9 %
AGILE PROPERTY HOLDINGS LTD 1.9 %
HUAKU DEVELOPMENT CO LTD 1.8 %
SYSTEX CORP 1.8 %
Total 20.5 %

TOP COUNTRY EXPOSURE
TAIWAN 26.5 %
RUSSIA 14.9 %
CHINA 9.5 %
BRAZIL 8.5 %
THAILAND 6.3 %
SOUTH AFRICA 6.1 %
TURKEY 4.1 %
MALAYSIA 3.5 %
QATAR 2.9 %
HONG KONG 2.9 %

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.
-29.8% -25.1% -2.2% -- -3.3%

Market Correlations
versus... Beta R-squared
S&P500 0.92 61%
MSCI EAFE 1.01 71%
MSCI Emg. Mkts. 0.92 85%

Technical Indicators
Recent close $28.17
30d moving avg. $31.91
Annualized volatility 18.0%
Short interest (ETF) 1.0%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 326
Turnover 1.7%
Bid/Ask (% of price) 0.38%
ADV underlying (mns) $2,037

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 15.0%


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
(%)
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 23.8 51 -2 20.8 +5.8
SDEM Global X SuperDividend Emerging Markets ETF 22.1 67 -18 25.6 +10.6
DEM WisdomTree Emerging Markets High Dividend Fund 15.4 63 -14 16.6 +1.5
EELV Invesco S&P Emerging Markets Low Volatility ETF 14.4 29 20 12.5 -2.5
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 13.8 51 -2 13.5 -1.5
EYLD Cambria Emerging Shareholder Yield ETF 13.4 66 -17 20.9 +5.9
ERUS iShares MSCI Russia ETF 11.6 59 -10 17.8 +2.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 11.4 39 10 15.1 +0.1
ROAM Hartford Multifactor Emerging Markets ETF 10.9 44 5 17.9 +2.9
PXH Invesco FTSE RAFI Emerging Markets ETF 10.6 50 -1 15.9 +0.8
FEM First Trust Emerging Markets AlphaDEX Fund 10.0 80 -31 14.6 -0.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 9.9 60 -11 13.4 -1.6
SDIV Global X SuperDividend ETF 9.9 58 -9 24.6 +9.6
FLRU Franklin FTSE Russia ETF 9.7 19 30 22.9 +7.9
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 9.6 50 -1 12.6 -2.4
RNEM Emerging Markets Equity Select ETF 9.5 75 -26 11.6 -3.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.3 47 2 15.5 +0.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 9.2 25 24 9.8 -5.3
IQDF FlexShares International Quality Dividend Index Fund 8.7 47 2 16.0 +1.0
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 8.5 63 -14 16.3 +1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.9 30 19 10.8 -4.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.8 47 2 17.1 +2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 7.7 45 4 10.6 -4.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 7.7 40 9 9.1 -5.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 7.6 45 4 11.8 -3.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 7.3 45 4 16.3 +1.2
EWT iShares MSCI Taiwan ETF 7.1 59 -10 7.7 -7.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.0 49 0 11.6 -3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 6.9 59 -10 13.2 -1.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 6.9 70 -21 15.4 +0.4
AXJL WisdomTree Asia Pacific ex-Japan Fund 6.8 48 1 11.0 -4.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 6.4 14 35 11.5 -3.5
FLTW Franklin FTSE Taiwan ETF 6.3 19 30 8.1 -7.0
EEM iShares MSCI Emerging Markets ETF 6.1 68 -19 10.0 -5.0
SCHE Schwab Emerging Markets Equity ETF 6.1 13 36 10.4 -4.7
EDIV SPDR S&P Emerging Markets Dividend ETF 6.0 49 0 13.4 -1.6
IEMG iShares Core MSCI Emerging Markets ETF 6.0 14 35 10.5 -4.5
GVAL Cambria Global Value ETF 6.0 69 -20 13.8 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 5.9 55 -6 10.7 -4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 5.8 65 -16 10.0 -5.0
VWO Vanguard FTSE Emerging Markets ETF 5.8 10 39 10.5 -4.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 5.8 45 4 10.3 -4.7
SPEM SPDR Portfolio Emerging Markets ETF 5.8 11 38 10.2 -4.8
EEMA iShares MSCI Emerging Markets Asia ETF 5.7 50 -1 10.0 -5.0
ISEM Invesco Strategic Emerging Markets ETF 5.7 35 14 11.9 -3.2
RSX VanEck Vectors Russia ETF 5.7 65 -16 16.1 +1.1
GMF SPDR S&P Emerging Asia Pacific ETF 5.7 49 0 9.4 -5.6
BKF iShares MSCI BRIC ETF 5.6 69 -20 10.0 -5.0
AVEM Avantis Emerging Markets Equity ETF 5.6 33 16 11.7 -3.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 5.5 49 0 10.3 -4.7
EMMF WisdomTree Emerging Markets Multifactor Fund 5.5 48 1 11.9 -3.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.3 45 4 11.9 -3.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 5.3 20 29 12.7 -2.3
EMXC iShares MSCI Emerging Markets ex China ETF 5.3 49 0 10.4 -4.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.3 50 -1 25.3 +10.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 5.2 30 19 10.3 -4.7
FTRI First Trust Indxx Global Natural Resources Income ETF 5.1 70 -21 13.7 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.0 68 -19 9.4 -5.6
FLAX Franklin FTSE Asia Ex Japan ETF 4.9 19 30 10.1 -5.0
FXI iShares China Large-Cap ETF 4.8 74 -25 14.5 -0.5
CHIL Global X MSCI China Large-Cap 50 ETF 4.8 29 20 10.5 -4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 4.7 95 -46 12.3 -2.7
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 4.6 80 -31 19.0 +4.0
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.6 32 17 9.2 -5.8
DVEM WisdomTree Emerging Markets Dividend Fund 4.5 32 17 10.9 -4.1
EEMO Invesco S&P Emerging Markets Momentum ETF 4.5 30 19 12.3 -2.8
ESGE iShares ESG MSCI EM ETF 4.4 25 24 11.5 -3.5
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 4.4 64 -15 7.8 -7.2
FLCH Franklin FTSE China ETF 4.4 19 30 10.3 -4.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 4.4 20 29 9.2 -5.9
XCEM Columbia EM Core ex-China ETF 4.4 16 33 9.6 -5.4
MCHI iShares MSCI China ETF 4.3 59 -10 10.1 -4.9
NUEM Nuveen ESG Emerging Markets Equity ETF 4.3 45 4 9.3 -5.7
GXC SPDR S&P China ETF 4.2 59 -10 10.0 -5.0
AIA iShares Asia 50 ETF 4.2 50 -1 10.1 -5.0
EMFM Global X MSCI Next Emerging & Frontier ETF 4.2 55 -6 10.3 -4.7
CHIR Global X MSCI China Real Estate ETF 4.2 65 -16 18.4 +3.4
PICK iShares MSCI Global Metals & Mining Producers ETF 4.0 39 10 10.8 -4.2
FLBR Franklin FTSE Brazil ETF 4.0 19 30 8.3 -6.7
THD iShares MSCI Thailand ETF 3.9 59 -10 12.6 -2.4
FBZ First Trust Brazil AlphaDEX Fund 3.9 80 -31 9.3 -5.7
FLN First Trust Latin America AlphaDEX Fund 3.8 80 -31 8.6 -6.5
KALL KraneShares FTSE Emerging Markets Plus ETF 3.8 49 0 10.0 -5.0
CN Xtrackers MSCI All China Equity ETF 3.8 50 -1 10.3 -4.7
VYMI Vanguard International High Dividend Yield ETF 3.7 32 17 12.3 -2.8
CHIX Global X China Financials ETF 3.7 65 -16 19.2 +4.2
MOTI VanEck Vectors Morningstar International Moat ETF 3.7 57 -8 10.6 -4.4
WCHN WisdomTree ICBCCS S&P China 500 Fund 3.6 55 -6 9.7 -5.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.6 32 17 11.4 -3.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.6 29 20 14.6 -0.4
FCA First Trust China AlphaDEX Fund 3.4 80 -31 16.5 +1.5
DWCR Arrow DWA Country Rotation ETF 3.4 95 -46 14.7 -0.3
EWZ iShares MSCI Brazil Capped ETF 3.3 59 -10 7.5 -7.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 3.2 69 -20 10.3 -4.8
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.1 80 -31 2.2 -12.8
EWZS iShares MSCI Brazil Small-Cap ETF 3.1 59 -10 8.8 -6.2
TUR iShares MSCI Turkey ETF 3.0 59 -10 23.0 +8.0
FLLA Franklin FTSE Latin America ETF 3.0 19 30 9.5 -5.5
GULF WisdomTree Middle East Dividend Fund 3.0 88 -39 10.8 -4.3
QAT iShares MSCI Qatar Capped ETF 2.9 59 -10 8.1 -6.9

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

  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 13.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 15.0 %
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.