iShares MSCI China Small-Cap ETF
ALTAR
Score™		 10.8% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 10.4x P/Sales
ratio		 0.7x
P/BV
ratio		 0.7x Div.
yield		 2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI China Small Cap Index Fund seeks to track the performance of the MSCI China Small Cap Index Fund.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Sep 28, 2010
Assets (mns) $69
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 n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 250
Wgt avg mkt cap (mns) $1,491
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 42.8%
Small cap (<$2bn) 55.7%
Developed mkts 49.5%
Emerging mkts 50.5%

TOP TEN HOLDINGS
GDS HOLDINGS LTD. 3.1 %
ZAI LAB LTD 2.4 %
KINGSOFT CLOUD HOLDINGS LTD 1.6 %
MEITU, INC 1.6 %
MINTH GROUP LTD 1.6 %
CHINASOFT INTERNATIONAL LTD 1.2 %
HUTCHMED (CHINA) LTD 1.2 %
NETEASE CLOUD MUSIC INC 1.2 %
COUNTRY GARDEN SERVICES HOLDINGS C 1.2 %
KINGBOARD CHEMICALS HOLDINGS 1.2 %
Total 16.1 %

TOP COUNTRY EXPOSURE
CHINA 54.5 %
HONG KONG 21.4 %
CANADA 1.1 %
UNITED STATES 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
8.5% 20.2% -3.3% -1.0% -0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.36 3%
MSCI EAFE 0.88 20%
MSCI Emg. Mkts. 1.40 52%

Technical Indicators
Recent close $28.12
30d moving avg. $28.47
Annualized volatility 33.7%
Short interest (ETF) 6.2%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.9%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $1,551

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 175 potential alternatives to the iShares MSCI China Small-Cap ETF ETF based on the alternatives' overlap in portfolio holdings with ECNS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECNS Expense: 59 bp ALTAR Score™: 10.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECNS
Ticker Fund
Name		 Overlap1
vs ECNS
(%)		 Expense
ratio
(bp)		 Savings
vs ECNS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ECNS
(%)
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 16.5 80 -21 13.6 +2.8
EEMS iShares MSCI Emerging Markets Small Cap ETF 8.3 70 -11 7.8 -3.0
KGRN KraneShares MSCI China Clean Technology Index ETF 7.7 79 -20 3.8 -7.0
EWX SPDR S&P Emerging Markets Small Cap ETF 7.4 65 -6 8.1 -2.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 4.7 90 -31 8.4 -2.4
PGJ Invesco Golden Dragon China ETF 4.7 70 -11 13.9 +3.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.6 59 0 13.7 +2.9
AVES Avantis Emerging Markets Value ETF 4.6 36 23 12.2 +1.4
CQQQ Invesco China Technology ETF 4.3 70 -11 18.3 +7.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.2 32 27 17.8 +6.9
GXC SPDR S&P China ETF 3.5 59 0 16.7 +5.9
KWEB KraneShares CSI China Internet ETF 3.2 69 -10 25.8 +15.0
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.1 60 -1 13.3 +2.4
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -7 13.1 +2.3
AVEM Avantis Emerging Markets Equity ETF 2.7 33 26 9.7 -1.2
FCA First Trust China AlphaDEX Fund 2.7 80 -21 11.3 +0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.7 58 1 10.1 -0.7
EDIV SPDR S&P Emerging Markets Dividend ETF 2.5 49 10 11.6 +0.8
ERTH Invesco MSCI Sustainable Future ETF 2.4 62 -3 2.5 -8.4
CTEC Global X CleanTech ETF 2.3 50 9 2.2 -8.6
COPX Global X Copper Miners ETF 2.3 65 -6 8.9 -2.0
SOCL Global X Social Media ETF 2.2 65 -6 12.9 +2.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.1 38 21 9.9 -0.9
FMET Fidelity Metaverse ETF 2.1 39 20 5.1 -5.7
CCNR ALPS CoreCommodity Natural Resources ETF 2.1 39 20 11.0 +0.2
DFEV Dimensional Emerging Markets Value ETF 2.0 43 16 14.5 +3.6
FLCH Franklin FTSE China ETF 1.9 19 40 17.2 +6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.9 41 18 9.4 -1.5
EMIF iShares Emerging Markets Infrastructure ETF 1.9 60 -1 7.9 -2.9
PBD Invesco Global Clean Energy ETF 1.7 75 -16 0.4 -10.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.7 7 52 7.0 -3.8
IGF iShares Global Infrastructure ETF 1.6 41 18 4.9 -5.9
GII SPDR S&P Global Infrastructure ETF 1.6 40 19 4.9 -5.9
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.6 61 -2 1.4 -9.4
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.6 61 -2 -1.1 -11.9
BNGE First Trust S-Network Streaming and Gaming ETF 1.5 70 -11 3.6 -7.2
QQQS Invesco NASDAQ Future Gen 200 ETF 1.4 20 39 -9.4 -20.2
TAN Invesco Solar ETF 1.4 67 -8 8.6 -2.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.3 95 -36 13.1 +2.3
CGV Conductor Global Equity Value ETF 1.3 130 -71 9.2 -1.7
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.3 12 47 7.7 -3.1
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 50 10.9 +0.1
ICLN iShares Global Clean Energy ETF 1.2 41 18 6.4 -4.5
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 24 10.2 -0.6
HERO Global X Video Games & Esports ETF 1.2 50 9 4.6 -6.2
AGNG Global X Aging Population ETF 1.2 50 9 4.2 -6.7
CNRG SPDR S&P Kensho Clean Power ETF 1.2 45 14 -0.1 -10.9
VWO Vanguard FTSE Emerging Markets ETF 1.2 8 51 10.9 +0.1
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 -4 13.6 +2.8
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 1.1 60 -1 4.2 -6.6
GMF SPDR S&P Emerging Asia Pacific ETF 1.1 49 10 10.0 -0.8
IWTR iShares MSCI Water Management Multisector ETF 1.1 47 12 6.5 -4.4
SDIV Global X Superdividend ETF 1.1 58 1 13.9 +3.1
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 14 11.1 +0.2
GINN Goldman Sachs Innovate Equity ETF 1.1 52 7 4.4 -6.5
FDHT Fidelity Digital Health ETF 1.0 39 20 1.9 -8.9
FRNW Fidelity Clean Energy ETF 0.9 39 20 4.2 -6.6
VIDI Vident International Equity Strategy ETF 0.9 61 -2 12.0 +1.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 20 16.9 +6.1
WFH Direxion Work From Home ETF 0.9 45 14 4.8 -6.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 -19 9.6 -1.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.8 85 -26 8.0 -2.8
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 1 11.2 +0.4
ICOP iShares Copper and Metals Mining ETF 0.8 47 12 10.0 -0.9
COPA Themes Copper Miners ETF 0.8 35 24 9.0 -1.8
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 52 10.9 +0.1
MCH Matthews China Active ETF 0.8 79 -20 15.3 +4.5
NBCC Neuberger Berman Next Generation Connected Consumer ETF 0.8 56 3 2.6 -8.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 9 11.6 +0.7
KOMP SPDR S&P Kensho New Economies Composite ETF 0.8 20 39 3.7 -7.1
AADR AdvisorShares Dorsey Wright ADR ETF 0.7 110 -51 5.1 -5.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 29 8.6 -2.2
DVYE iShares Emerging Markets Dividend ETF 0.7 49 10 18.9 +8.1
KTEC KraneShares Hang Seng TECH Index ETF 0.7 69 -10 19.7 +8.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 40 10.8 +0.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 12 4.4 -6.5
SMOG VanEck Low Carbon Energy ETF 0.7 61 -2 1.5 -9.3
ETEC iShares Breakthrough Environmental Solutions ETF 0.7 47 12 5.8 -5.1
FYLD Cambria Foreign Shareholder Yield ETF 0.7 59 0 12.5 +1.7
SCHE Schwab Emerging Markets Equity ETF 0.7 11 48 11.6 +0.7
BATT Amplify Lithium & Battery Technology ETF 0.7 59 0 3.8 -7.0
DMAT Global X Disruptive Materials ETF 0.7 59 0 9.2 -1.7
CUT Invesco MSCI Global Timber ETF 0.7 61 -2 9.1 -1.7
BOTZ Global X Robotics & Artificial Intelligence ETF 0.7 69 -10 2.6 -8.2
APIE ActivePassive International Equity ETF 0.7 45 14 7.7 -3.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 20 6.3 -4.5
MEM Matthews Emerging Markets Equity Active ETF 0.6 79 -20 8.5 -2.3
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 34 12.4 +1.6
FAN First Trust Global Wind Energy ETF 0.6 60 -1 5.3 -5.6
ISHP First Trust Nasdaq Retail ETF 0.6 60 -1 5.5 -5.3
RNRG Global X Renewable Energy Producers ETF 0.6 66 -7 6.1 -4.7
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.6 70 -11 15.8 +5.0
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 36 8.6 -2.2
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 20 8.8 -2.1
PBW Invesco WilderHill Clean Energy ETF 0.5 66 -7 -6.0 -16.8
WISE Themes Generative Artificial Intelligence ETF 0.5 35 24 0.6 -10.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 34 13.5 +2.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 49 7.5 -3.3
WOOD iShares Global Timber & Forestry ETF 0.5 42 17 9.5 -1.3
SETM Sprott Energy Transition Materials ETF 0.5 65 -6 4.7 -6.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -9 6.8 -4.0
EV Mast Global Battery Recycling & Production ETF 0.4 65 -6 11.6 +0.8
IBAT iShares Energy Storage & Materials ETF 0.4 47 12 5.3 -5.5
WNDY Global X Wind Energy ETF 0.4 50 9 3.2 -7.7
CLOU Global X Cloud Computing ETF 0.4 68 -9 1.9 -8.9
FCLD Fidelity Cloud Computing ETF 0.4 39 20 3.0 -7.9
TMAT Main Thematic Innovation ETF 0.4 164 -105 -1.5 -12.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.4 50 9 1.7 -9.1
SPAM Themes Cybersecurity ETF 0.4 35 24 1.7 -9.2
FDLS Inspire Fidelis Multi Factor ETF 0.4 76 -17 5.8 -5.1
IDRV iShares Self-driving EV & Tech ETF 0.4 47 12 2.5 -8.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 15 11.0 +0.2
URA Global X Uranium ETF 0.4 69 -10 3.5 -7.4
URNJ Sprott Junior Uranium Miners ETF 0.4 80 -21 -4.4 -15.2
URAN Themes Uranium & Nuclear ETF 0.4 35 24 2.7 -8.2
VSGX Vanguard ESG International Stock ETF 0.4 12 47 8.2 -2.7
AQWA Global X Clean Water ETF 0.4 50 9 5.0 -5.8
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 8.3 -2.5
PIO Invesco Global Water ETF 0.3 75 -16 4.9 -5.9
IPKW Invesco International BuyBack Achievers ETF 0.3 55 4 15.3 +4.5
VXUS Vanguard Total International Stock ETF 0.3 7 52 8.3 -2.5
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 14 7.0 -3.8
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 10 16.7 +5.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 20 14.1 +3.3
PTEC Global X PropTech ETF 0.3 50 9 2.5 -8.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 23 11.2 +0.4
DINT Davis Select International ETF 0.3 55 4 8.3 -2.5
GWX SPDR S&P International Small Cap ETF 0.3 40 19 6.7 -4.1
DWLD Davis Select Worldwide ETF 0.3 63 -4 8.5 -2.3
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -27 13.7 +2.9
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 48 11.8 +1.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 24 1.9 -8.9
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 44 8.6 -2.2
VICE AdvisorShares Vice ETF 0.2 99 -40 6.2 -4.6
FLHK Franklin FTSE Hong Kong ETF 0.2 9 50 6.8 -4.0
VYMI Vanguard International High Dividend Yield ETF 0.2 22 37 10.0 -0.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 13 4.9 -5.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 4 4.5 -6.4
ZSB USCF Sustainable Battery Metals Strategy Fund 0.2 61 -2 17.4 +6.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 8.5 -2.4
COPJ Sprott Junior Copper Miners ETF 0.2 75 -16 4.1 -6.8
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -1 5.0 -5.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -21 11.8 +0.9
SHPP Pacer Industrials and Logistics ETF 0.1 60 -1 5.1 -5.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 6.0 -4.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.7 -5.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 10 7.3 -3.5
VT Vanguard Total World Stock ETF 0.1 7 52 6.4 -4.5
FINX Global X FinTech ETF 0.1 68 -9 2.6 -8.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 27 9.6 -1.2
SCHC Schwab International Small-Cap Equity ETF 0.1 11 48 7.1 -3.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 17 6.8 -4.1
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 5.5 -5.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 10.8 -0.1
CGW Invesco S&P Global Water Index ETF 0.1 57 2 4.8 -6.0
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -11 8.1 -2.7
GLOF iShares Global Equity Factor ETF 0.1 20 39 7.0 -3.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 7.0 -3.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 41 8.1 -2.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 10.6 -0.2
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -30 4.5 -6.3
DEW WisdomTree Global High Dividend Fund 0.0 58 1 7.7 -3.1
FILL iShares MSCI Global Energy Producers ETF 0.0 39 20 11.4 +0.6
VPL Vanguard FTSE Pacific ETF 0.0 8 51 7.7 -3.2
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 38 4.3 -6.6
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 34 10.1 -0.7
IGRO iShares International Dividend Growth ETF 0.0 15 44 7.3 -3.5
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 44 6.2 -4.6
REET iShares Global REIT ETF 0.0 14 45 3.3 -7.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 7.5 -3.3
VEA Vanguard FTSE Developed Markets ETF 0.0 5 54 7.6 -3.3
DFGR Dimensional Global Real Estate ETF 0.0 22 37 3.2 -7.7
SCHF Schwab International Equity ETF 0.0 6 53 7.7 -3.1
EBLU Ecofin Global Water ESG Fund 0.0 40 19 4.4 -6.4
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 17 7.2 -3.7

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 China Small-Cap 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 7.9 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 10.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.48 CATEGORY
AVERAGE		 1.50
 
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.