iShares MSCI Chile ETF
ALTAR
Score™		 9.8% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 9.3x P/Sales
ratio		 0.6x
P/BV
ratio		 1.1x Div.
yield		 6.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Chile Investable Market Index Fund seeks investment results that correspond to the MSCI Chile Investable Market Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors Services
Website www.ishares.com
Inception date Nov 12, 2007
Assets (mns) $495
Currency USD
Expense ratio 58 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $6,373
Large cap (>$10bn) 27.6%
Mid cap ($2-10bn) 49.7%
Small cap (<$2bn) 22.7%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SOC QUIMICA Y MINERA CHILE-B 13.7 %
BANCO DE CHILE 13.2 %
BANCO SANTANDER CHILE 8.5 %
ENERSIS SA 5.1 %
CENCOSUD SA 4.7 %
S.A.C.I. FALABELLA 4.7 %
BANCO DE CREDITO E INVERSION 4.5 %
EMPRESAS COPEC SA 4.3 %
EMPRESAS CMPC SA 4.2 %
LAN AIRLINES SA 3.9 %
Total 66.8 %

TOP COUNTRY EXPOSURE
CHILE 97.1 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.7% 8.2% -1.8% -2.0% -1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.95 33%
MSCI EAFE 1.02 39%
MSCI Emg. Mkts. 1.01 37%

Technical Indicators
Recent close $25.51
30d moving avg. $26.54
Annualized volatility 28.8%
Short interest (ETF) 3.7%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 265
Turnover 1.4%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $100

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 117 potential alternatives to the iShares MSCI Chile ETF ETF based on the alternatives' overlap in portfolio holdings with ECH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECH Expense: 58 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECH
Ticker Fund
Name		 Overlap1
vs ECH
(%)		 Expense
ratio
(bp)		 Savings
vs ECH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ECH
(%)
FRDM Freedom 100 Emerging Markets ETF 13.0 49 9 7.3 -2.5
FLN First Trust Latin America AlphaDEX Fund 8.7 80 -22 8.4 -1.3
ARGT Global X MSCI Argentina ETF 8.0 59 -1 5.4 -4.4
EPU iShares MSCI Peru and Global Exposure ETF 6.7 59 -1 5.5 -4.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.2 60 -2 13.4 +3.7
GVAL Cambria Global Value ETF 5.9 68 -10 13.1 +3.3
FLLA Franklin FTSE Latin America ETF 5.7 19 39 13.2 +3.4
GXG Global X MSCI Colombia ETF 5.0 62 -4 15.8 +6.0
ILF iShares Latin America 40 ETF 4.3 48 10 10.4 +0.7
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.7 67 -9 15.0 +5.3
WOOD iShares Global Timber & Forestry ETF 3.1 42 16 9.8 0.0
DVYE iShares Emerging Markets Dividend ETF 2.8 49 9 18.8 +9.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.7 70 -12 9.2 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 2.7 29 29 8.7 -1.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.4 45 13 12.3 +2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.3 72 -14 1.0 -8.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.9 80 -22 12.3 +2.5
DEM WisdomTree Emerging Markets High Dividend Fund 1.6 63 -5 18.9 +9.1
EMMF WisdomTree Emerging Markets Multifactor Fund 1.5 48 10 8.8 -1.0
WWJD Inspire International ETF 1.4 80 -22 7.3 -2.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.4 58 0 10.2 +0.4
VIDI Vident International Equity Strategy ETF 1.3 61 -3 10.2 +0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.2 44 14 10.6 +0.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.1 95 -37 10.5 +0.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 -1 11.3 +1.5
ICLN iShares Global Clean Energy ETF 0.9 41 17 6.0 -3.8
ROAM Hartford Multifactor Emerging Markets ETF 0.9 44 14 15.8 +6.0
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -22 13.0 +3.3
CUT Invesco MSCI Global Timber ETF 0.9 61 -3 8.4 -1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.9 32 26 6.9 -2.9
RNEM First Trust Emerging Markets Equity Select ETF 0.8 75 -17 7.6 -2.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 34 9.2 -0.6
EMXF iShares ESG Advanced MSCI EM ETF 0.7 16 42 6.8 -2.9
BLES Inspire Global Hope ETF 0.7 61 -3 6.4 -3.3
SDG iShares MSCI Global Sustainable Development Goals ETF 0.7 49 9 5.6 -4.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 8 13.0 +3.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.6 70 -12 7.7 -2.1
IWTR iShares MSCI Water Management Multisector ETF 0.6 47 11 5.0 -4.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.6 39 19 12.5 +2.7
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 33 8.5 -1.3
FTHF First Trust Emerging Markets Human Flourishing ETF 0.6 75 -17 8.9 -0.9
XCNY SPDR S&P Emerging Markets ex-China ETF 0.6 15 43 6.3 -3.5
EMXC iShares MSCI Emerging Markets ex China ETF 0.5 25 33 6.7 -3.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 13 11.0 +1.2
AVES Avantis Emerging Markets Value ETF 0.5 36 22 11.6 +1.8
EQLT iShares MSCI Emerging Markets Quality Factor ETF 0.5 35 23 7.4 -2.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 23 12.4 +2.7
NUEM Nuveen ESG Emerging Markets Equity ETF 0.5 36 22 6.5 -3.3
XCEM Columbia EM Core ex-China ETF 0.5 16 42 7.7 -2.1
SMOG VanEck Low Carbon Energy ETF 0.5 61 -3 2.4 -7.4
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.5 18 40 6.8 -2.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 47 8.4 -1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 22 7.8 -1.9
LDEM iShares ESG MSCI EM Leaders ETF 0.4 17 41 7.6 -2.1
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -7 8.2 -1.6
ESGE iShares ESG Aware MSCI EM ETF 0.4 25 33 7.1 -2.6
VWO Vanguard FTSE Emerging Markets ETF 0.4 8 50 6.9 -2.8
SCHE Schwab Emerging Markets Equity ETF 0.4 11 47 7.1 -2.7
XC WisdomTree Emerging Markets Ex-China Fund 0.4 32 26 6.0 -3.8
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.4 15 43 10.2 +0.5
IEMG iShares Core MSCI Emerging Markets ETF 0.4 9 49 7.5 -2.3
JHEM John Hancock Multifactor Emerging Markets ETF 0.4 49 9 8.2 -1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.4 30 28 7.3 -2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.4 20 38 6.8 -3.0
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.4 15 43 7.2 -2.5
EEM iShares MSCI Emerging Markets ETF 0.4 69 -11 6.9 -2.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 33 12.3 +2.6
AVEM Avantis Emerging Markets Equity ETF 0.4 33 25 8.9 -0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.4 66 -8 10.0 +0.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 25 8.2 -1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 17 7.4 -2.4
XT iShares Exponential Technologies ETF 0.4 46 12 4.8 -5.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 26 6.2 -3.6
SPEM SPDR Portfolio Emerging Markets ETF 0.3 7 51 7.3 -2.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.3 30 28 8.1 -1.7
DFEV Dimensional Emerging Markets Value ETF 0.3 43 15 11.1 +1.3
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 9 12.2 +2.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 11 4.9 -4.9
DEW WisdomTree Global High Dividend Fund 0.3 58 0 8.5 -1.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 20 7.8 -2.0
ECON Columbia Emerging Markets Consumer ETF 0.2 49 9 7.3 -2.4
IQDE FlexShares International Quality Dividend Defensive Index ET 0.2 47 11 14.8 +5.0
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 23 7.3 -2.5
VYMI Vanguard International High Dividend Yield ETF 0.2 22 36 9.8 +0.1
PIO Invesco Global Water ETF 0.2 75 -17 5.2 -4.6
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 17 5.0 -4.8
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 46 8.3 -1.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 48 7.7 -2.1
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 51 7.2 -2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 17 7.4 -2.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 40 7.0 -2.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 24 7.0 -2.8
VSGX Vanguard ESG International Stock ETF 0.1 12 46 6.8 -3.0
VXUS Vanguard Total International Stock ETF 0.1 7 51 7.2 -2.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 51 6.7 -3.1
GLOF iShares Global Equity Factor ETF 0.1 20 38 7.0 -2.8
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 50 7.3 -2.5
STXE Strive Emerging Markets Ex-China ETF 0.1 32 26 7.0 -2.8
JXI iShares Global Utilities ETF 0.1 43 15 5.9 -3.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 33 6.6 -3.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 28 8.0 -1.8
RXI iShares Global Consumer Discretionary ETF 0.1 41 17 5.4 -4.4
MXI iShares Global Materials ETF 0.1 41 17 7.0 -2.8
EEMO Invesco S&P Emerging Markets Momentum ETF 0.1 29 29 5.5 -4.3
KXI iShares Global Consumer Staples ETF 0.1 41 17 5.7 -4.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 46 4.8 -5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 38 5.2 -4.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 11 5.5 -4.3
VT Vanguard Total World Stock ETF 0.0 7 51 5.5 -4.3
IXG iShares Global Financials ETF 0.0 42 16 6.2 -3.6
RODE Hartford Multifactor Diversified International ETF 0.0 29 29 11.8 +2.0
ACWI iShares MSCI ACWI ETF 0.0 32 26 5.3 -4.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 19 12.8 +3.1
EXI iShares Global Industrials ETF 0.0 42 16 4.5 -5.2
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 28 6.9 -2.8
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -31 4.9 -4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 49 5.4 -4.4

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%.

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RESULTS & ESTIMATES

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 Chile ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.9 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.60 CATEGORY
AVERAGE		 1.48
 
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.