iShares MSCI China Small-Cap ETF
ALTAR
Score™		 8.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.6x P/Sales
ratio		 0.9x
P/BV
ratio		 0.9x Div.
yield		 1.8%


  • 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) $81
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 262
Wgt avg mkt cap (mns) $1,496
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. 2.7 %
MEITU, INC 2.5 %
ZAI LAB LTD 2.0 %
ASCENTAGE PHARMA GROUP INTERNATION 1.6 %
MINTH GROUP LTD 1.6 %
3SBIO INC 1.6 %
XD, INC. 1.5 %
NETEASE CLOUD MUSIC INC 1.5 %
CHINA GOLD INTERNATIONAL RESOURCES 1.3 %
ZHONGAN ONLINE P&C INSURANCE CO., 1.3 %
Total 17.5 %

TOP COUNTRY EXPOSURE
CHINA 55.8 %
HONG KONG 20.2 %
CANADA 1.8 %
UNITED STATES 0.4 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 29)
Year-to-date 1 year 5 years 10 years Since Incep.
48.3% 69.0% -0.1% 3.2% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.75 11%
MSCI EAFE 1.07 27%
MSCI Emg. Mkts. 1.41 49%

Technical Indicators
Recent close $37.74
30d moving avg. $36.29
Annualized volatility 33.6%
Short interest (ETF) 8.7%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 77
Turnover 3.6%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $1,551

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 182 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™: 8.0%


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 14.5 80 -21 13.9 +6.0
AVEE Avantis Emerging Markets Small Cap Equity ETF 9.5 42 17 9.9 +1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 9.0 70 -11 7.9 -0.1
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 8.6 90 -31 7.0 -1.0
EWX SPDR S&P Emerging Markets Small Cap ETF 8.6 65 -6 7.9 -0.1
KGRN KraneShares MSCI China Clean Technology Index ETF 6.6 79 -20 0.4 -7.6
FCA First Trust China AlphaDEX Fund 5.2 80 -21 8.2 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.5 59 0 9.1 +1.1
AVES Avantis Emerging Markets Value ETF 4.5 36 23 11.2 +3.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 4.2 32 27 15.8 +7.8
GXC SPDR S&P China ETF 4.0 59 0 15.3 +7.3
PGJ Invesco Golden Dragon China ETF 4.0 70 -11 12.2 +4.3
CQQQ Invesco China Technology ETF 3.4 70 -11 12.6 +4.6
SOCL Global X Social Media ETF 2.9 65 -6 9.1 +1.1
KWEB KraneShares CSI China Internet ETF 2.9 69 -10 24.7 +16.7
AVEM Avantis Emerging Markets Equity ETF 2.7 33 26 8.9 +0.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.7 80 -21 10.7 +2.7
AVSE Avantis Responsible Emerging Markets Equity ETF 2.7 33 26 8.7 +0.7
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 2.7 60 -1 11.3 +3.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.6 58 1 10.0 +2.0
COPX Global X Copper Miners ETF 2.6 65 -6 7.4 -0.6
ERTH Invesco MSCI Sustainable Future ETF 2.3 62 -3 3.8 -4.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.3 38 21 9.4 +1.5
EYLD Cambria Emerging Shareholder Yield ETF 2.3 66 -7 12.6 +4.6
CTEC Global X CleanTech ETF 2.1 50 9 -0.1 -8.0
EMIF iShares Emerging Markets Infrastructure ETF 2.1 60 -1 5.1 -2.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.0 41 18 8.8 +0.8
FMET Fidelity Metaverse ETF 2.0 39 20 4.8 -3.2
DFEV Dimensional Emerging Markets Value ETF 1.9 43 16 13.6 +5.6
FLCH Franklin FTSE China ETF 1.9 19 40 15.7 +7.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.9 8 51 6.2 -1.8
AGNG Global X Aging Population ETF 1.8 50 9 4.8 -3.1
HERO Global X Video Games & Esports ETF 1.7 50 9 3.9 -4.1
VIDI Vident International Equity Strategy ETF 1.7 61 -2 11.1 +3.1
IGF iShares Global Infrastructure ETF 1.7 41 18 4.8 -3.2
GII SPDR S&P Global Infrastructure ETF 1.6 40 19 4.8 -3.2
PBD Invesco Global Clean Energy ETF 1.6 75 -16 -0.3 -8.3
KOMP SPDR S&P Kensho New Economies Composite ETF 1.6 20 39 2.6 -5.4
ICLN iShares Global Clean Energy ETF 1.6 41 18 5.3 -2.7
ESPO VanEck Video Gaming and eSports ETF 1.5 56 3 4.0 -4.0
SDIV Global X Superdividend ETF 1.5 58 1 41.6 +33.7
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.4 61 -2 1.5 -6.5
IEMG iShares Core MSCI Emerging Markets ETF 1.4 9 50 10.7 +2.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -36 11.9 +4.0
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 52 10.4 +2.4
GMF SPDR S&P Emerging Asia Pacific ETF 1.3 49 10 9.7 +1.8
DFAE Dimensional Emerging Core Equity Market ETF 1.3 35 24 9.5 +1.5
TAN Invesco Solar ETF 1.2 67 -8 7.0 -1.0
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 47 8.2 +0.3
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 -1 2.2 -5.8
CGV Conductor Global Equity Value ETF 1.1 130 -71 8.4 +0.4
DEM WisdomTree Emerging Markets High Dividend Fund 1.1 63 -4 13.5 +5.5
SATO Invesco Alerian Galaxy Crypto Economy ETF 1.1 61 -2 -2.1 -10.0
IWTR iShares MSCI Water Management Multisector ETF 1.1 47 12 5.8 -2.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.1 45 14 10.8 +2.9
GINN Goldman Sachs Innovate Equity ETF 1.1 52 7 3.7 -4.2
CNRG SPDR S&P Kensho Clean Power ETF 1.0 45 14 1.1 -6.9
CCNR ALPS CoreCommodity Natural Resources ETF 1.0 39 20 11.0 +3.0
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.0 56 3 0.3 -7.7
QQQS Invesco NASDAQ Future Gen 200 ETF 0.9 20 39 -4.2 -12.2
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.9 85 -26 8.7 +0.8
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 1 9.6 +1.6
COPA Themes Copper Miners ETF 0.9 35 24 5.8 -2.2
FDHT Fidelity Digital Health ETF 0.9 39 20 0.9 -7.1
ICOP iShares Copper and Metals Mining ETF 0.9 47 12 8.5 +0.6
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 52 10.7 +2.8
SETM Sprott Energy Transition Materials ETF 0.9 65 -6 2.7 -5.2
CUT Invesco MSCI Global Timber ETF 0.8 61 -2 10.4 +2.5
FRNW Fidelity Clean Energy ETF 0.8 39 20 3.4 -4.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 9 11.2 +3.2
BATT Amplify Lithium & Battery Technology ETF 0.8 59 0 3.7 -4.3
CVY Invesco Zacks Multi-Asset Income ETF 0.8 106 -47 12.3 +4.3
WFH Direxion Work From Home ETF 0.8 45 14 4.1 -3.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 29 8.0 +0.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.7 78 -19 9.5 +1.5
MCH Matthews China Active ETF 0.7 79 -20 14.0 +6.0
KTEC KraneShares Hang Seng TECH Index ETF 0.7 69 -10 19.2 +11.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.7 19 40 9.5 +1.5
SCHE Schwab Emerging Markets Equity ETF 0.7 11 48 11.2 +3.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 12 5.3 -2.7
RING iShares MSCI Global Gold Miners ETF 0.7 39 20 4.4 -3.6
AADR AdvisorShares Dorsey Wright ADR ETF 0.7 110 -51 4.9 -3.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 20 16.6 +8.6
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 20 5.8 -2.1
FYLD Cambria Foreign Shareholder Yield ETF 0.6 59 0 11.7 +3.7
VEGI iShares MSCI Agriculture Producers ETF 0.6 39 20 8.7 +0.7
WOOD iShares Global Timber & Forestry ETF 0.6 42 17 12.1 +4.2
RNRG Global X Renewable Energy Producers ETF 0.6 66 -7 1.4 -6.5
FAN First Trust Global Wind Energy ETF 0.5 60 -1 4.7 -3.3
BOTZ Global X Robotics & Artificial Intelligence ETF 0.5 69 -10 2.5 -5.5
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 36 8.3 +0.4
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 34 12.0 +4.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 10 16.0 +8.0
GDXJ VanEck Junior Gold Miners ETF 0.5 52 7 4.4 -3.6
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 -20 8.1 +0.1
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 34 13.0 +5.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.5 10 49 8.2 +0.2
BNGE First Trust S-Network Streaming and Gaming ETF 0.5 70 -11 2.7 -5.3
ISHP First Trust Nasdaq Retail ETF 0.5 60 -1 5.5 -2.5
FPXI First Trust International Equity Opportunities ETF 0.5 70 -11 4.3 -3.7
SMOG VanEck Low Carbon Energy ETF 0.4 61 -2 1.9 -6.1
VSGX Vanguard ESG International Stock ETF 0.4 10 49 7.8 -0.2
NLR VanEck Uranium+Nuclear Energy ETF 0.4 61 -2 1.8 -6.1
URA Global X Uranium ETF 0.4 69 -10 1.8 -6.2
URNJ Sprott Junior Uranium Miners ETF 0.4 80 -21 -2.6 -10.6
URAN Themes Uranium & Nuclear ETF 0.4 35 24 1.5 -6.4
PBW Invesco WilderHill Clean Energy ETF 0.4 66 -7 -3.8 -11.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 15 10.7 +2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 20 12.8 +4.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 -11 13.3 +5.3
WNDY Global X Wind Energy ETF 0.4 50 9 5.6 -2.4
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 52 8.0 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 30 6.7 -1.3
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -9 5.2 -2.8
IPKW Invesco International BuyBack Achievers ETF 0.4 55 4 12.7 +4.7
VXUS Vanguard Total International Stock ETF 0.4 5 54 8.0 +0.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 10 6.9 -1.0
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 12.1 +4.1
ANEW ProShares MSCI Transformational Changes ETF 0.3 45 14 6.2 -1.8
AQWA Global X Clean Water ETF 0.3 50 9 4.9 -3.0
GWX SPDR S&P International Small Cap ETF 0.3 40 19 6.1 -1.9
IDRV iShares Self-driving EV & Tech ETF 0.3 47 12 1.9 -6.1
EV Mast Global Battery Recycling & Production ETF 0.3 65 -6 10.5 +2.5
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -1 4.3 -3.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 23 10.0 +2.1
CLOU Global X Cloud Computing ETF 0.3 68 -9 2.3 -5.6
FCLD Fidelity Cloud Computing ETF 0.3 39 20 3.3 -4.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.3 55 4 3.8 -4.2
TMAT Main Thematic Innovation ETF 0.3 164 -105 -1.4 -9.4
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 9 4.5 -3.4
SPAM Themes Cybersecurity ETF 0.3 35 24 2.1 -5.8
FDLS Inspire Fidelis Multi Factor ETF 0.3 76 -17 5.1 -2.8
WISE Themes Generative Artificial Intelligence ETF 0.3 35 24 0.5 -7.5
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 24 1.1 -6.9
DINT Davis Select International ETF 0.3 55 4 8.2 +0.3
DWLD Davis Select Worldwide ETF 0.3 63 -4 7.3 -0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.3 86 -27 13.7 +5.7
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 48 10.3 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 44 8.1 +0.1
APIE ActivePassive International Equity ETF 0.3 45 14 7.7 -0.3
PTEC Global X PropTech ETF 0.2 50 9 1.7 -6.3
SLVP iShares MSCI Global Silver Miners ETF 0.2 39 20 6.5 -1.4
FLHK Franklin FTSE Hong Kong ETF 0.2 9 50 6.7 -1.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 4 7.9 -0.1
DVYE iShares Emerging Markets Dividend ETF 0.2 49 10 18.8 +10.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 13 5.7 -2.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 55 8.2 +0.3
ZSB USCF Sustainable Battery Metals Strategy Fund 0.2 61 -2 8.2 +0.2
VYMI Vanguard International High Dividend Yield ETF 0.2 17 42 9.6 +1.7
COPJ Sprott Junior Copper Miners ETF 0.2 75 -16 2.5 -5.5
SCHC Schwab International Small-Cap Equity ETF 0.2 11 48 6.7 -1.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 50 5.8 -2.2
SHPP Pacer Industrials and Logistics ETF 0.2 60 -1 8.8 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.9 -2.1
VT Vanguard Total World Stock ETF 0.1 6 53 5.9 -2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 27 9.4 +1.5
CGW Invesco S&P Global Water Index ETF 0.1 57 2 4.7 -3.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 17 7.4 -0.6
IGPT Invesco AI and Next Gen Software ETF 0.1 60 -1 4.4 -3.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 10.5 +2.5
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 4.9 -3.1
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -11 8.4 +0.5
GLOF iShares Global Equity Factor ETF 0.1 20 39 6.6 -1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 6.8 -1.2
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 41 8.1 +0.1
VPL Vanguard FTSE Pacific ETF 0.1 7 52 6.9 -1.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 10.3 +2.4
FILL iShares MSCI Global Energy Producers ETF 0.0 39 20 11.5 +3.6
DEW WisdomTree Global High Dividend Fund 0.0 58 1 8.4 +0.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 34 9.7 +1.8
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 38 3.8 -4.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 9.0 +1.0
IGRO iShares International Dividend Growth ETF 0.0 15 44 7.3 -0.6
REET iShares Global REIT ETF 0.0 14 45 7.5 -0.4
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 7.3 -0.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 7.1 -0.8
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 49 6.4 -1.6
SCHF Schwab International Equity ETF 0.0 6 53 7.4 -0.6
DFGR Dimensional Global Real Estate ETF 0.0 22 37 7.5 -0.4
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -30 4.9 -3.1
EBLU Ecofin Global Water ESG Fund 0.0 40 19 4.2 -3.8
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 17 7.5 -0.5

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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:

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 7.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.51
 
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.