iShares MSCI China Small-Cap ETF
ALTAR
Score™
10.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
8.3x P/Sales
ratio
0.7x
P/BV
ratio
0.8x Div.
yield
3.2%


  • 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) $52
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 241
Wgt avg mkt cap (mns) $1,071
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 25.6%
Small cap (<$2bn) 70.4%
Developed mkts 60.7%
Emerging mkts 39.3%

TOP TEN HOLDINGS
CHINA YOUZAN LIMITED 2.8 %
WEIMOB, INC. 2.0 %
TIANNENG POWER INTL LTD 1.8 %
CHINASOFT INTERNATIONAL LTD 1.8 %
21VIANET GROUP, INC. SPONSORED ADR 1.4 %
COFCO MEAT HOLDINGS LIMITED 1.4 %
IGG, INC. 1.4 %
DAQO NEW ENERGY CORP. SPONSORED AD 1.3 %
CHINA OVERSEAS GRAND OCEANS 1.2 %
GEMDALE PROPERTIES & INVESTMENT CO 1.1 %
Total 16.0 %

TOP COUNTRY EXPOSURE
CHINA 47.3 %
HONG KONG 28.1 %
UNITED STATES 0.6 %
SINGAPORE 0.2 %







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.
8.2% 9.2% 1.7% -- 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.70 37%
MSCI EAFE 0.83 44%
MSCI Emg. Mkts. 0.79 65%

Technical Indicators
Recent close $44.89
30d moving avg. $43.05
Annualized volatility 19.8%
Short interest (ETF) 0.5%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.9%
Bid/Ask (% of price) 0.68%
ADV underlying (mns) $832

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 10.9%


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 13.0 80 -21 17.9 +7.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 9.7 69 -10 7.6 -3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 8.9 65 -6 5.9 -5.1
KGRN KraneShares MSCI China Environment Index ETF 7.5 80 -21 7.6 -3.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 7.2 63 -4 12.5 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 4.2 59 0 10.9 -0.0
EYLD Cambria Emerging Shareholder Yield ETF 4.0 66 -7 17.3 +6.4
PGJ Invesco Golden Dragon China ETF 3.7 70 -11 3.2 -7.7
KWEB KraneShares CSI China Internet ETF 3.5 76 -17 1.8 -9.1
GAMR ETFMG Video Game Tech ETF 3.2 75 -16 2.0 -8.9
FHK First Trust Hong Kong AlphaDEX Fund 2.8 80 -21 9.0 -1.9
IFLY ETFMG Drone Economy Strategy ETF 2.8 68 -9 2.1 -8.9
TAN Invesco Solar ETF 2.7 71 -12 1.3 -9.7
PBD Invesco Global Clean Energy ETF 2.4 75 -16 2.1 -8.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.4 95 -36 9.2 -1.7
AVEM Avantis Emerging Markets Equity ETF 2.2 33 26 8.7 -2.2
XKCP SPDR Kensho Clean Power ETF 2.1 45 14 0.4 -10.6
PBW Invesco WilderHill Clean Energy ETF 2.1 70 -11 -2.4 -13.4
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 2.0 11 48 6.5 -4.5
GXC SPDR S&P China ETF 1.8 59 0 8.0 -2.9
MOTO SmartETFs Smart Transportation & Technology ETF 1.8 68 -9 7.2 -3.8
LIT Global X Lithium & Battery Tech ETF 1.7 75 -16 2.9 -8.1
CROP IQ Global Agribusiness Small Cap ETF 1.7 76 -17 4.8 -6.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 1.7 70 -11 7.2 -3.7
KOMP SPDR Kensho New Economies Composite ETF 1.5 20 39 2.4 -8.6
ICLN iShares Global Clean Energy ETF 1.4 46 13 2.8 -8.2
DVYE iShares Emerging Markets Dividend ETF 1.4 49 10 16.7 +5.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.4 86 -27 2.2 -8.8
LEND Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF 1.4 65 -6 15.7 +4.7
AADR AdvisorShares Dorsey Wright ADR ETF 1.4 110 -51 3.0 -8.0
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF 1.4 60 -1 2.5 -8.4
CLOU Global X Cloud Computing ETF 1.4 68 -9 0.7 -10.3
QCLN First Trust Nasdaq Clean Edge Green Energy Index Fund 1.4 60 -1 0.3 -10.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 1.3 64 -5 4.5 -6.4
CHNA Loncar China BioPharma ETF 1.3 79 -20 1.6 -9.3
KOL VanEck Vectors Coal ETF 1.2 60 -1 20.0 +9.0
DEM WisdomTree Emerging Markets High Dividend Fund 1.2 63 -4 14.2 +3.3
TPAY Tortoise Digital Payments Infrastructure Fund 1.2 40 19 5.4 -5.5
COPX Global X Copper Miners ETF 1.2 65 -6 6.2 -4.7
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 1.1 43 16 8.8 -2.2
FCA First Trust China AlphaDEX Fund 1.1 80 -21 13.5 +2.5
DVYA iShares Asia/Pacific Dividend ETF 1.1 49 10 13.1 +2.1
DLS WisdomTree International SmallCap Dividend Fund 1.1 58 1 8.6 -2.3
CHIE Global X China Energy ETF 1.1 66 -7 11.6 +0.7
SDIV Global X SuperDividend ETF 1.1 59 0 13.2 +2.2
GFIN Goldman Sachs Motif Finance Reimagined ETF 1.1 50 9 5.2 -5.7
DRW WisdomTree Global ex-US Real Estate Fund 1.0 58 1 10.8 -0.1
IEMG iShares Core MSCI Emerging Markets ETF 1.0 13 46 7.9 -3.1
EMIF iShares Emerging Markets Infrastructure ETF 1.0 60 -1 10.3 -0.7
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 0.9 50 9 3.8 -7.2
VNQI Vanguard Global ex-US Real Estate Index Fund 0.9 12 47 10.2 -0.7
HERO Global X Video Games & Esports ETF 0.9 50 9 2.9 -8.1
FEM First Trust Emerging Markets AlphaDEX Fund 0.9 80 -21 12.8 +1.9
ISEM Invesco Strategic Emerging Markets ETF 0.9 35 24 10.3 -0.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.9 80 -21 10.2 -0.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.9 45 14 9.5 -1.5
GMF SPDR S&P Emerging Asia Pacific ETF 0.8 49 10 7.3 -3.7
GDAT Goldman Sachs Motif Data-Driven World Etf 0.8 50 9 4.7 -6.2
FLHK Franklin FTSE Hong Kong ETF 0.7 9 50 8.2 -2.7
PEK VanEck Vectors ChinaAMC CSI 300 ETF 0.7 60 -1 7.1 -3.8
VWO Vanguard FTSE Emerging Markets ETF 0.7 10 49 8.0 -3.0
GII SPDR S&P Global Infrastructure ETF 0.7 40 19 5.5 -5.5
IGF iShares Global Infrastructure ETF 0.7 46 13 5.4 -5.5
GBUY Goldman Sachs Motif New Age Consumer ETF 0.6 50 9 1.8 -9.2
VEGI iShares MSCI Global Agriculture Producers ETF 0.6 39 20 5.6 -5.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.6 45 14 7.1 -3.8
FYLD Cambria Foreign Shareholder Yield ETF 0.6 59 0 6.9 -4.1
GWX SPDR S&P International Small Cap ETF 0.6 40 19 6.5 -4.4
XITK SPDR FactSet Innovative Technology ETF 0.5 45 14 0.3 -10.6
EKAR Innovation Shares NextGen Vehicles & Technology ETF 0.5 95 -36 7.6 -3.4
SPEM SPDR Portfolio Emerging Markets ETF 0.5 11 48 7.8 -3.1
TBLU Tortoise Water Fund 0.5 40 19 4.7 -6.3
IPAY ETFMG Prime Mobile Payments ETF 0.5 75 -16 6.7 -4.3
CARZ First Trust NASDAQ Global Auto Index Fund 0.4 70 -11 13.3 +2.4
EDUT Global X Education ETF 0.4 50 9 1.3 -9.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 10 6.6 -4.3
BATT Amplify Advanced Battery Metals & Materials ETF 0.4 72 -13 2.2 -8.8
BFIT Global X Health & Wellness Thematic ETF 0.4 50 9 4.8 -6.2
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 20 7.3 -3.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 11.5 +0.6
DVEM WisdomTree Emerging Markets Dividend Fund 0.4 32 27 8.2 -2.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 20 6.8 -4.2
FAN First Trust Global Wind Energy ETF 0.4 62 -3 5.3 -5.6
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 0.4 51 8 14.1 +3.1
GRES IQ Global Resources ETF 0.4 77 -18 7.2 -3.7
WPS iShares International Developed Property ETF 0.4 48 11 8.0 -3.0
SCHC Schwab International Small-Cap Equity ETF 0.3 11 48 6.7 -4.3
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 0.3 10 49 9.3 -1.7
CGW Invesco S&P Global Water Index ETF 0.3 59 0 4.1 -6.9
SOIL Global X Fertilizers/Potash ETF 0.3 70 -11 4.7 -6.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.3 70 -11 8.9 -2.0
VSGX Vanguard ESG International Stock ETF 0.3 17 42 7.1 -3.8
IXUS ishares Core MSCI Total International Stock ETF 0.3 9 50 7.4 -3.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 20 12.8 +1.9
VXUS Vanguard Total International Stock Index Fund 0.2 8 51 7.5 -3.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.2 47 12 12.7 +1.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 27 8.9 -2.0
DWM WisdomTree International Equity Fund 0.2 48 11 8.4 -2.6
FLCH Franklin FTSE China ETF 0.2 19 40 8.4 -2.6
EBIZ Global X E-Commerce ETF 0.2 50 9 2.6 -8.4

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 China Small-Cap 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 9.0 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 10.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.30 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.