iShares MSCI Chile ETF
ALTAR
Score™		 10.7% info Recommen-
dation		 OVERWEIGHT
2024E    2025E
P/E
ratio		 8.7x P/Sales
ratio		 0.6x
P/BV
ratio		 1.1x Div.
yield		 6.5%


  • 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) $562
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 28
Wgt avg mkt cap (mns) $6,778
Large cap (>$10bn) 32.8%
Mid cap ($2-10bn) 43.5%
Small cap (<$2bn) 23.8%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
SOC QUIMICA Y MINERA CHILE-B 14.8 %
BANCO DE CHILE 11.5 %
BANCO SANTANDER CHILE 7.5 %
EMPRESAS COPEC SA 5.1 %
EMPRESAS CMPC SA 5.1 %
BANCO DE CREDITO E INVERSION 4.5 %
ENERSIS SA 4.3 %
S.A.C.I. FALABELLA 4.3 %
CENCOSUD SA 4.2 %
ENERSIS CHILE SA 3.7 %
Total 65.0 %

TOP COUNTRY EXPOSURE
CHILE 97.1 %










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.
-6.7% -4.3% -5.5% -2.4% -1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.86 26%
MSCI EAFE 0.95 29%
MSCI Emg. Mkts. 1.00 35%

Technical Indicators
Recent close $26.30
30d moving avg. $26.48
Annualized volatility 29.9%
Short interest (ETF) 3.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 237
Turnover 1.1%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $110

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 118 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™: 10.7%


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 13.8 49 9 7.3 -3.4
FLN First Trust Latin America AlphaDEX Fund 13.0 80 -22 11.1 +0.3
ARGT Global X MSCI Argentina ETF 8.8 59 -1 7.4 -3.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 7.5 67 -9 17.5 +6.8
GVAL Cambria Global Value ETF 7.5 68 -10 12.3 +1.6
EPU iShares MSCI Peru and Global Exposure ETF 6.4 59 -1 5.5 -5.3
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.0 60 -2 14.7 +4.0
FLLA Franklin FTSE Latin America ETF 5.2 19 39 11.7 +0.9
DVYE iShares Emerging Markets Dividend ETF 4.6 49 9 16.6 +5.8
GXG Global X MSCI Colombia ETF 4.1 62 -4 15.2 +4.5
EEMD AAM S&P Emerging Markets High Dividend Value ETF 3.4 49 9 19.0 +8.3
ILF iShares Latin America 40 ETF 3.4 48 10 10.3 -0.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.8 80 -22 16.3 +5.6
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 2.8 85 -27 8.1 -2.6
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.7 72 -14 2.2 -8.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.3 95 -37 11.4 +0.6
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.2 70 -12 11.4 +0.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.2 45 13 12.7 +2.0
VIDI Vident International Equity Strategy ETF 1.7 61 -3 11.9 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 1.7 63 -5 12.9 +2.2
IQDE FlexShares International Quality Dividend Defensive Index ET 1.7 47 11 10.7 -0.1
WOOD iShares Global Timber & Forestry ETF 1.6 42 16 9.6 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.6 32 26 7.6 -3.2
WWJD Inspire International ETF 1.3 80 -22 7.1 -3.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.3 58 0 10.1 -0.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 1.2 29 29 8.3 -2.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 1.2 44 14 10.3 -0.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.1 47 11 10.3 -0.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 -1 9.6 -1.2
CUT Invesco MSCI Global Timber ETF 1.0 61 -3 8.6 -2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 1.0 49 9 5.8 -5.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 0.8 24 34 7.1 -3.6
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 0.8 80 -22 14.2 +3.4
EMXF iShares ESG Advanced MSCI EM ETF 0.8 16 42 7.4 -3.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.7 50 8 10.5 -0.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.7 70 -12 7.2 -3.5
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 10 9.3 -1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 19 12.5 +1.8
ROAM Hartford Multifactor Emerging Markets ETF 0.7 44 14 11.7 +0.9
BLES Inspire Global Hope ETF 0.7 61 -3 6.3 -4.4
EMXC iShares MSCI Emerging Markets ex China ETF 0.6 25 33 6.7 -4.1
RNEM First Trust Emerging Markets Equity Select ETF 0.6 75 -17 8.2 -2.5
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 33 8.7 -2.1
LDEM iShares ESG MSCI EM Leaders ETF 0.5 17 41 7.7 -3.0
AVES Avantis Emerging Markets Value ETF 0.5 36 22 12.1 +1.3
VWO Vanguard FTSE Emerging Markets ETF 0.5 8 50 7.6 -3.2
XCEM Columbia EM Core ex-China ETF 0.5 16 42 7.3 -3.4
SCHE Schwab Emerging Markets Equity ETF 0.5 11 47 7.6 -3.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.5 36 22 7.5 -3.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.5 11 47 7.7 -3.1
IEMG iShares Core MSCI Emerging Markets ETF 0.5 9 49 7.5 -3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.5 20 38 7.5 -3.3
XC WisdomTree Emerging Markets Ex-China Fund 0.5 32 26 6.2 -4.5
FTRI First Trust Indxx Global Natural Resources Income ETF 0.5 70 -12 10.6 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.5 30 28 7.5 -3.2
ESGE iShares ESG Aware MSCI EM ETF 0.5 25 33 7.7 -3.1
EEM iShares MSCI Emerging Markets ETF 0.5 69 -11 7.0 -3.8
JHEM John Hancock Multifactor Emerging Markets ETF 0.5 49 9 8.3 -2.4
XT iShares Exponential Technologies ETF 0.5 46 12 3.9 -6.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.5 18 40 7.9 -2.9
SMOG VanEck Low Carbon Energy ETF 0.5 61 -3 3.0 -7.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.5 66 -8 7.2 -3.5
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.5 15 43 7.1 -3.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.5 45 13 8.6 -2.2
EWX SPDR S&P Emerging Markets Small Cap ETF 0.4 65 -7 7.7 -3.1
NUEM Nuveen ESG Emerging Markets Equity ETF 0.4 36 22 6.8 -4.0
AVEM Avantis Emerging Markets Equity ETF 0.4 33 25 9.1 -1.7
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 17 7.8 -2.9
DFEV Dimensional Emerging Markets Value ETF 0.4 43 15 10.9 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 0.4 7 51 7.5 -3.2
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 33 11.9 +1.2
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 25 7.2 -3.6
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 29 6.2 -4.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 28 8.5 -2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.4 49 9 12.4 +1.7
ICLN iShares Global Clean Energy ETF 0.3 41 17 4.3 -6.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.3 32 26 6.3 -4.5
EFRA iShares Environmental Infrastructure and Industrials ETF 0.3 47 11 5.2 -5.5
MVPS Amplify Thematic All-Stars ETF 0.3 49 9 1.7 -9.1
JRNY ALPS Global Travel Beneficiaries ETF 0.3 65 -7 0.0 -10.7
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.3 38 20 8.2 -2.5
DEW WisdomTree Global High Dividend Fund 0.3 58 0 9.1 -1.6
VYMI Vanguard International High Dividend Yield ETF 0.2 22 36 9.7 -1.0
DFAE Dimensional Emerging Core Equity Market ETF 0.2 35 23 7.7 -3.0
IQDF FlexShares International Quality Dividend Index Fund 0.2 47 11 10.7 -0.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.2 41 17 7.3 -3.5
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.2 12 46 8.7 -2.0
GLOF iShares Global Equity Factor ETF 0.2 20 38 7.1 -3.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 42 16 6.8 -3.9
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 48 8.2 -2.6
IXUS iShares Core MSCI Total International Stock ETF 0.1 7 51 6.9 -3.8
STXE Strive Emerging Markets Ex-China ETF 0.1 32 26 6.9 -3.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 51 6.5 -4.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 46 5.1 -5.7
VXUS Vanguard Total International Stock ETF 0.1 7 51 7.1 -3.6
VSGX Vanguard ESG International Stock ETF 0.1 12 46 6.8 -3.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 24 6.7 -4.0
PIO Invesco Global Water ETF 0.1 75 -17 4.9 -5.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 38 5.6 -5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 17 6.7 -4.1
JXI iShares Global Utilities ETF 0.1 43 15 6.7 -4.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.1 8 50 7.2 -3.6
IXC iShares Global Energy ETF 0.1 44 14 8.2 -2.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 28 7.8 -3.0
MXI iShares Global Materials ETF 0.1 41 17 6.6 -4.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.1 20 38 10.7 -0.0
KXI iShares Global Consumer Staples ETF 0.1 41 17 5.6 -5.2
IXG iShares Global Financials ETF 0.0 42 16 6.8 -3.9
VT Vanguard Total World Stock ETF 0.0 7 51 5.8 -4.9
ACWI iShares MSCI ACWI ETF 0.0 32 26 5.5 -5.3
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.0 25 33 7.0 -3.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.0 47 11 5.9 -4.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.0 39 19 11.0 +0.2
RXI iShares Global Consumer Discretionary ETF 0.0 41 17 5.5 -5.2
RODE Hartford Multifactor Diversified International ETF 0.0 29 29 11.5 +0.8
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 28 6.8 -3.9
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -31 4.8 -6.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 49 5.7 -5.0

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 12.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 10.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 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.