iShares MSCI Chile ETF
ALTAR
Score™
7.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
17.8x P/Sales
ratio
1.0x
P/BV
ratio
1.1x Div.
yield
3.2%


  • 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) $445
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 30
Wgt avg mkt cap (mns) $6,112
Large cap (>$10bn) 18.6%
Mid cap ($2-10bn) 66.7%
Small cap (<$2bn) 14.6%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
ENERSIS SA 12.6 %
BANCO DE CHILE 9.8 %
SOC QUIMICA Y MINERA CHILE-B 7.9 %
EMPRESAS COPEC SA 7.0 %
S.A.C.I. FALABELLA 5.5 %
ENERSIS CHILE SA 5.4 %
CENCOSUD SA 5.4 %
BANCO SANTANDER CHILE 4.2 %
BANCO DE CREDITO E INVERSION 4.0 %
EMPRESAS CMPC SA 4.0 %
Total 65.9 %

TOP COUNTRY EXPOSURE
CHILE 94.0 %










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.
-16.4% -27.4% -3.3% -6.4% -3.0%

Market Correlations
versus... Beta R-squared
S&P500 1.07 37%
MSCI EAFE 1.37 51%
MSCI Emg. Mkts. 1.24 68%

Technical Indicators
Recent close $26.73
30d moving avg. $26.90
Annualized volatility 30.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 500
Turnover 3.0%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $132

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 7.9%


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
(%)
YLCO Global X YieldCo Index ETF 12.4 65 -6 4.4 -3.5
ARGT Global X MSCI Argentina ETF 9.6 60 -1 4.5 -3.4
AGT iShares MSCI Argentina & Global Exposure ETF A 9.6 59 0 4.5 -3.4
ICOL iShares MSCI Colombia ETF 9.2 61 -2 9.5 +1.5
FRDM Freedom 100 Emerging Markets ETF 9.1 49 10 6.5 -1.4
FLN First Trust Latin America AlphaDEX Fund 8.2 80 -21 7.4 -0.5
GVAL Cambria Global Value ETF 7.5 69 -10 11.4 +3.5
FLLA Franklin FTSE Latin America ETF 7.1 19 40 6.6 -1.3
GXG Global X MSCI Colombia ETF 5.4 62 -3 9.2 +1.3
ILF iShares Latin America 40 ETF 5.3 48 11 6.8 -1.2
EPU iShares MSCI All Peru Capped ETF 4.7 59 0 5.2 -2.7
ROAM Hartford Multifactor Emerging Markets ETF 3.1 44 15 14.5 +6.6
EMFM Global X MSCI Next Emerging & Frontier ETF 2.7 66 -7 9.1 +1.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 2.6 50 9 20.9 +13.0
SDG iShares Sustainable MSCI Global Impact ETF 2.5 49 10 5.6 -2.3
SDEM Global X SuperDividend Emerging Markets ETF 2.3 66 -7 16.1 +8.2
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 2.1 51 8 13.9 +6.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.8 29 30 12.2 +4.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 1.4 50 9 10.2 +2.2
XCEM Columbia EM Core ex-China ETF 1.4 16 43 7.2 -0.8
CUT Invesco MSCI Global Timber ETF 1.3 61 -2 8.9 +1.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.3 44 15 8.8 +0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.2 32 27 8.8 +0.9
EDIV SPDR S&P Emerging Markets Dividend ETF 1.2 49 10 11.1 +3.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.2 49 10 7.7 -0.2
RNEM Emerging Markets Equity Select ETF 1.2 75 -16 11.6 +3.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.1 63 -4 12.4 +4.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 1.0 47 12 12.0 +4.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.0 63 -4 14.1 +6.2
VEGI iShares MSCI Global Agriculture Producers ETF 1.0 39 20 5.7 -2.2
EMXC iShares MSCI Emerging Markets ex China ETF 1.0 25 34 8.0 +0.0
VIDI Vident International Equity Fund 1.0 59 0 11.2 +3.3
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -21 12.5 +4.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 1.0 45 14 9.4 +1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 20 12.7 +4.8
BRF VanEck Vectors Brazil Small-Cap ETF 0.8 63 -4 3.1 -4.8
NUEM Nuveen ESG Emerging Markets Equity ETF 0.8 45 14 6.9 -1.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.8 25 34 7.7 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 49 10 7.6 -0.4
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 69 -10 7.5 -0.4
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 0.7 45 14 13.0 +5.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.7 70 -11 13.2 +5.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.7 15 44 8.4 +0.4
IQDF FlexShares International Quality Dividend Index Fund 0.7 47 12 12.2 +4.3
ISEM Invesco Strategic Emerging Markets ETF 0.7 35 24 10.2 +2.2
ESGE iShares ESG MSCI EM ETF 0.7 25 34 8.4 +0.5
JHEM John Hancock Multifactor Emerging Markets ETF 0.7 49 10 8.2 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.7 59 0 10.8 +2.9
ECON Columbia Emerging Markets Consumer ETF 0.7 59 0 4.4 -3.5
SCHE Schwab Emerging Markets Equity ETF 0.7 11 48 7.7 -0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 50 9 13.2 +5.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.6 20 39 6.5 -1.4
IEMG iShares Core MSCI Emerging Markets ETF 0.6 13 46 7.7 -0.2
EEM iShares MSCI Emerging Markets ETF 0.6 68 -9 7.2 -0.7
VWO Vanguard FTSE Emerging Markets ETF 0.6 10 49 7.8 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.6 45 14 7.7 -0.2
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.6 30 29 7.6 -0.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.6 36 23 7.9 +0.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 65 -6 7.3 -0.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 48 8.2 +0.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.5 65 -6 5.8 -2.1
DVEM WisdomTree Emerging Markets Dividend Fund 0.5 32 27 8.1 +0.1
IFLY ETFMG Drone Economy Strategy ETF 0.5 68 -9 1.9 -6.0
AVEM Avantis Emerging Markets Equity ETF 0.4 33 26 8.6 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.4 20 39 11.1 +3.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.4 32 27 6.0 -1.9
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 30 6.2 -1.8
SPEM SPDR Portfolio Emerging Markets ETF 0.3 11 48 7.7 -0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.3 45 14 8.6 +0.7
IDRV iShares Self-driving EV & Tech ETF 0.3 47 12 6.7 -1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.2 30 29 8.5 +0.6
INFR Legg Mason Global Infrastructure ETF 0.2 40 19 6.2 -1.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 43 6.8 -1.1
IXC iShares Global Energy ETF 0.2 46 13 6.0 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 27 7.2 -0.7
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 50 7.3 -0.6
VSGX Vanguard ESG International Stock ETF 0.2 17 42 7.1 -0.9
VYMI Vanguard International High Dividend Yield ETF 0.2 32 27 10.1 +2.2
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 0.2 80 -21 17.7 +9.8
ACWV iShares Edge MSCI Min Vol Global ETF 0.2 20 39 5.6 -2.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 40 19 7.0 -1.0
VXUS Vanguard Total International Stock Index Fund 0.2 8 51 7.5 -0.4
GUNR Flexshares Morningstar Global Upstream Natural Resources 0.2 46 13 5.4 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 51 7.5 -0.4
MXI iShares Global Materials ETF 0.1 46 13 5.7 -2.2
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.1 10 49 9.3 +1.4
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.1 11 48 6.4 -1.5
VNQI Vanguard Global ex-US Real Estate Index Fund 0.1 12 47 10.2 +2.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.1 20 39 5.9 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 5.9 -2.0
HAP VanEck Vectors Natural Resources ETF 0.1 50 9 6.0 -2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 6.3 -1.6
ACWF iShares FactorSelect MSCI Global ETF 0.1 35 24 7.7 -0.2
DRW WisdomTree Global ex-US Real Estate Fund 0.1 58 1 10.9 +3.0
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.7 -2.2
RXI iShares Global Consumer Discretionary ETF 0.1 46 13 5.1 -2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.1 39 20 6.7 -1.2

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 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.