iShares MSCI Chile ETF
ALTAR
Score™
9.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
11.7x P/Sales
ratio
0.7x
P/BV
ratio
0.9x Div.
yield
4.7%


  • 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 16, 2007
Assets (mns) $321
Currency USD
Expense ratio 59 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 32
Wgt avg mkt cap (mns) $5,048
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 75.2%
Small cap (<$2bn) 24.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
ENERSIS SA 14.9 %
BANCO DE CHILE 11.5 %
EMPRESAS COPEC SA 6.5 %
SOC QUIMICA Y MINERA CHILE-B 6.5 %
ENERSIS CHILE SA 5.8 %
EMPRESAS CMPC SA 5.3 %
BANCO SANTANDER CHILE 5.3 %
BANCO DE CREDITO E INVERSION 4.7 %
CENCOSUD SA 4.4 %
S.A.C.I. FALABELLA 3.5 %
Total 68.6 %

TOP COUNTRY EXPOSURE
CHILE 99.5 %










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.
-35.0% -48.8% -9.9% -7.4% -5.0%

Market Correlations
versus... Beta R-squared
S&P500 1.02 30%
MSCI EAFE 1.30 48%
MSCI Emg. Mkts. 1.23 63%

Technical Indicators
Recent close $22.24
30d moving avg. $23.87
Annualized volatility 28.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 741
Turnover 5.1%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $102

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 59 bp ALTAR Score™: 9.1%


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
(%)
PACA Xtrackers MSCI Latin America Pacific Alliance ETF 20.9 45 14 10.3 +1.2
DOGS Arrow Dogs of the World ETF 17.7 134 -75 13.9 +4.8
YLCO Global X YieldCo Index ETF 11.8 65 -6 5.3 -3.9
FLN First Trust Latin America AlphaDEX Fund 11.7 80 -21 8.7 -0.5
ICOL iShares MSCI Colombia ETF 11.6 61 -2 10.0 +0.9
FRDM Freedom 100 Emerging Markets ETF 10.9 49 10 9.2 +0.0
AGT iShares MSCI Argentina & Global Exposure ETF A 9.8 59 0 10.5 +1.4
ARGT Global X MSCI Argentina ETF 9.8 59 0 10.5 +1.4
FLLA Franklin FTSE Latin America ETF 8.3 19 40 9.4 +0.3
GXG Global X MSCI Colombia ETF 6.2 61 -2 10.5 +1.4
ILF iShares Latin America 40 ETF 5.9 48 11 9.8 +0.7
EPU iShares MSCI All Peru Capped ETF 4.6 59 0 8.5 -0.6
ROAM Hartford Multifactor Emerging Markets ETF 2.8 44 15 17.8 +8.7
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 2.4 50 9 12.6 +3.4
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 2.2 51 8 20.4 +11.3
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.1 50 9 25.2 +16.1
SDG iShares Sustainable MSCI Global Impact ETF 1.8 49 10 7.5 -1.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 1.7 25 34 9.7 +0.6
SDEM Global X SuperDividend Emerging Markets ETF 1.7 67 -8 26.0 +16.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.7 29 30 12.5 +3.4
EMFM Global X MSCI Next Emerging & Frontier ETF 1.7 55 4 10.2 +1.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.6 29 30 14.7 +5.6
CUT Invesco MSCI Global Timber ETF 1.6 55 4 12.0 +2.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 1.5 32 27 9.2 +0.1
XCEM Columbia EM Core ex-China ETF 1.4 16 43 9.7 +0.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.3 45 14 10.6 +1.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.3 32 27 11.4 +2.3
RNEM Emerging Markets Equity Select ETF 1.3 75 -16 11.6 +2.5
EDIV SPDR S&P Emerging Markets Dividend ETF 1.2 49 10 13.3 +4.1
FEM First Trust Emerging Markets AlphaDEX Fund 1.2 80 -21 14.7 +5.6
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 1.2 51 8 13.8 +4.7
FTRI First Trust Indxx Global Natural Resources Income ETF 1.2 70 -11 13.9 +4.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 63 -4 16.2 +7.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.1 49 10 11.1 +2.0
EMXC iShares MSCI Emerging Markets ex China ETF 1.1 49 10 10.3 +1.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 1.1 45 14 11.6 +2.5
VEGI iShares MSCI Global Agriculture Producers ETF 0.9 39 20 7.5 -1.6
ESGE iShares ESG MSCI EM ETF 0.9 25 34 11.6 +2.4
VIDI Vident International Equity Fund 0.9 59 0 15.1 +5.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.9 69 -10 9.9 +0.8
DEM WisdomTree Emerging Markets High Dividend Fund 0.9 63 -4 16.6 +7.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.9 49 10 10.3 +1.2
BRF VanEck Vectors Brazil Small-Cap ETF 0.9 60 -1 5.7 -3.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 20 15.3 +6.1
IQDF FlexShares International Quality Dividend Index Fund 0.8 47 12 16.2 +7.0
ECON Columbia Emerging Markets Consumer ETF 0.8 59 0 5.8 -3.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.8 47 12 15.5 +6.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 45 14 9.3 +0.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.8 14 45 11.3 +2.1
SCHE Schwab Emerging Markets Equity ETF 0.8 13 46 10.3 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.8 55 4 10.8 +1.6
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 50 9 16.0 +6.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.7 20 39 9.2 +0.1
IEMG iShares Core MSCI Emerging Markets ETF 0.7 14 45 10.5 +1.4
EWX SPDR S&P Emerging Markets Small Cap ETF 0.7 65 -6 8.7 -0.4
EEM iShares MSCI Emerging Markets ETF 0.7 68 -9 10.0 +0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.7 32 27 8.5 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.7 30 29 10.4 +1.2
VWO Vanguard FTSE Emerging Markets ETF 0.6 10 49 10.5 +1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.6 65 -6 10.0 +0.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.6 59 0 13.2 +4.1
ISEM Invesco Strategic Emerging Markets ETF 0.5 35 24 11.9 +2.8
DVEM WisdomTree Emerging Markets Dividend Fund 0.5 32 27 11.0 +1.8
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 14 10.3 +1.2
AVEM Avantis Emerging Markets Equity ETF 0.5 33 26 11.7 +2.6
INFR Legg Mason Global Infrastructure ETF 0.4 40 19 7.1 -2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 29 10.8 +1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.4 20 39 13.0 +3.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 0.4 64 -5 7.7 -1.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -36 12.3 +3.2
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 48 10.2 +1.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.3 45 14 16.3 +7.1
IDRV iShares Self-driving EV & Tech ETF 0.2 47 12 10.5 +1.3
ACWV iShares Edge MSCI Min Vol Global ETF 0.2 20 39 6.8 -2.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.2 45 14 11.8 +2.6
VSGX Vanguard ESG International Stock ETF 0.2 17 42 9.2 +0.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 43 8.8 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 27 9.4 +0.3
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 50 9.5 +0.4
VGFO Virtus WMC Global Factor Opportunities ETF 0.2 49 10 7.8 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 40 19 9.2 +0.0
VXUS Vanguard Total International Stock Index Fund 0.2 8 51 9.7 +0.6
MXI iShares Global Materials ETF 0.2 46 13 8.4 -0.7
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.1 80 -21 18.4 +9.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 51 9.7 +0.5
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.1 10 49 10.6 +1.5
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.1 11 48 9.2 +0.1
VNQI Vanguard Global ex-US Real Estate Index Fund 0.1 12 47 11.7 +2.5
HAP VanEck Vectors Natural Resources ETF 0.1 50 9 8.5 -0.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 8.2 -0.9
ACWF iShares FactorSelect MSCI Global ETF 0.1 35 24 10.2 +1.1
ACWI iShares MSCI ACWI ETF 0.1 32 27 7.8 -1.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 7.9 -1.2
DRW WisdomTree Global ex-US Real Estate Fund 0.1 58 1 12.1 +3.0
VYMI Vanguard International High Dividend Yield ETF 0.1 32 27 12.4 +3.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 39 8.2 -1.0
VT Vanguard Total World Stock Index Fund 0.1 8 51 8.2 -1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 20 10.9 +1.8
DEW WisdomTree Global High Dividend Fund 0.1 58 1 11.6 +2.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 29 9.4 +0.2

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 MSCI Chile 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 9.0 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 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.