iShares MSCI China Small-Cap ETF
ALTAR
Score™		 14.2% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 8.7x P/Sales
ratio		 0.5x
P/BV
ratio		 0.6x Div.
yield		 3.8%


  • 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) $63
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 254
Wgt avg mkt cap (mns) $1,396
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 31.4%
Small cap (<$2bn) 67.5%
Developed mkts 49.6%
Emerging mkts 50.4%

TOP TEN HOLDINGS
GDS HOLDINGS LTD. 2.4 %
ZAI LAB LTD 2.1 %
SUNAC CHINA HOLDINGS LTD 1.7 %
HUTCHMED (CHINA) LTD 1.6 %
CHINASOFT INTERNATIONAL LTD 1.4 %
CHINA EVERBRIGHT INTL LTD 1.4 %
KINGBOARD CHEMICALS HOLDINGS 1.3 %
3SBIO INC 1.3 %
COUNTRY GARDEN SERVICES HOLDINGS C 1.2 %
CHINA MEDICAL SYSTEM HOLDING 1.2 %
Total 15.7 %

TOP COUNTRY EXPOSURE
CHINA 57.9 %
HONG KONG 23.8 %
UNITED STATES 0.3 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.8% 3.5% -4.1% -2.1% -1.4%

Market Correlations
versus... Beta R-squared
S&P500 0.39 4%
MSCI EAFE 0.78 17%
MSCI Emg. Mkts. 1.36 50%

Technical Indicators
Recent close $26.12
30d moving avg. $27.08
Annualized volatility 33.5%
Short interest (ETF) 8.6%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 26
Turnover 1.1%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $1,085

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™: 14.2%


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 14.3 80 -21 12.3 -1.9
EEMS iShares MSCI Emerging Markets Small Cap ETF 7.3 70 -11 7.7 -6.5
EWX SPDR S&P Emerging Markets Small Cap ETF 6.4 65 -6 8.2 -6.0
KGRN KraneShares MSCI China Clean Technology Index ETF 5.0 79 -20 5.6 -8.5
AVES Avantis Emerging Markets Value ETF 4.0 36 23 11.6 -2.6
CQQQ Invesco China Technology ETF 4.0 70 -11 -7.9 -22.1
PGJ Invesco Golden Dragon China ETF 4.0 70 -11 4.9 -9.3
GXC SPDR S&P China ETF 3.6 59 0 8.3 -5.8
KWEB KraneShares CSI China Internet ETF 3.6 69 -10 -1.4 -15.5
KEMQ KraneShares Emerging Markets Consumer Technology Index ETF 3.2 60 -1 0.5 -13.7
CTEC Global X CleanTech ETF 2.9 50 9 2.9 -11.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.7 59 0 11.3 -2.9
EYLD Cambria Emerging Shareholder Yield ETF 2.7 66 -7 13.2 -1.0
EMFQ Amplify Emerging Markets FinTech ETF 2.2 69 -10 5.3 -8.9
EMIF iShares Emerging Markets Infrastructure ETF 2.2 60 -1 8.5 -5.7
AVEM Avantis Emerging Markets Equity ETF 2.1 33 26 8.9 -5.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.1 58 1 10.2 -4.0
PBD Invesco Global Clean Energy ETF 2.1 75 -16 -5.3 -19.4
FLCH Franklin FTSE China ETF 2.1 19 40 8.8 -5.3
FMET Fidelity Metaverse ETF 2.1 39 20 5.4 -8.8
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.0 75 -16 4.6 -9.6
EDIV SPDR S&P Emerging Markets Dividend ETF 2.0 49 10 12.0 -2.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.9 38 21 7.8 -6.4
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.7 41 18 7.4 -6.8
TAN Invesco Solar ETF 1.6 67 -8 10.4 -3.7
SDIV Global X Superdividend ETF 1.6 58 1 14.9 +0.7
DFEV Dimensional Emerging Markets Value ETF 1.6 43 16 11.1 -3.1
KTEC KraneShares Hang Seng TECH Index ETF 1.5 69 -10 -3.6 -17.8
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.5 7 52 6.7 -7.5
GII SPDR S&P Global Infrastructure ETF 1.5 40 19 4.3 -9.9
IGF iShares Global Infrastructure ETF 1.5 41 18 4.3 -9.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 1.5 90 -31 6.1 -8.0
CNRG SPDR S&P Kensho Clean Power ETF 1.5 45 14 2.8 -11.4
SOCL Global X Social Media ETF 1.4 65 -6 -6.4 -20.5
FIXT Procure Disaster Recovery Strategy ETF 1.4 75 -16 5.8 -8.3
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 -3 3.6 -10.6
IWTR iShares MSCI Water Management Multisector ETF 1.2 47 12 5.0 -9.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 47 8.3 -5.9
AGNG Global X Aging Population ETF 1.2 50 9 4.2 -9.9
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.2 78 -19 9.0 -5.2
HERO Global X Video Games & Esports ETF 1.1 50 9 4.4 -9.7
COPX Global X Copper Miners ETF 1.1 65 -6 8.2 -6.0
FRNW Fidelity Clean Energy ETF 1.1 39 20 2.6 -11.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 1.1 32 27 6.1 -8.1
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 50 7.5 -6.7
CCNR ALPS CoreCommodity Natural Resources ETF 1.1 39 20 11.0 -3.1
VIDI Vident International Equity Strategy ETF 1.1 61 -2 10.2 -4.0
BNGE First Trust S-Network Streaming and Gaming ETF 1.1 70 -11 -3.5 -17.7
WFH Direxion Work From Home ETF 1.1 45 14 6.0 -8.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -36 10.5 -3.7
VWO Vanguard FTSE Emerging Markets ETF 1.0 8 51 6.9 -7.2
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.0 56 3 1.1 -13.0
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 24 7.3 -6.9
FYLD Cambria Foreign Shareholder Yield ETF 1.0 59 0 13.6 -0.6
GMF SPDR S&P Emerging Asia Pacific ETF 1.0 49 10 6.1 -8.0
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 1.0 61 -2 1.2 -13.0
ICLN iShares Global Clean Energy ETF 1.0 41 18 6.0 -8.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 20 12.5 -1.7
EDOC Global X Telemedicine & Digital Health ETF Registered 0.9 68 -9 -4.1 -18.2
FDHT Fidelity Digital Health ETF 0.9 39 20 -2.3 -16.5
ION ProShares S&P Global Core Battery Metals ETF 0.9 58 1 15.5 +1.4
COPA Themes Copper Miners ETF 0.9 35 24 7.3 -6.9
SMOG VanEck Low Carbon Energy ETF 0.9 61 -2 2.4 -11.8
ETEC iShares Breakthrough Environmental Solutions ETF 0.9 47 12 8.0 -6.2
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 -2 -2.4 -16.6
CGV Conductor Global Equity Value ETF 0.8 130 -71 10.9 -3.3
FAN First Trust Global Wind Energy ETF 0.8 60 -1 5.5 -8.6
ICOP iShares Copper and Metals Mining ETF 0.8 47 12 10.1 -4.1
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 12 4.3 -9.9
EMMF WisdomTree Emerging Markets Multifactor Fund 0.7 48 11 8.8 -5.4
SPEM SPDR Portfolio Emerging Markets ETF 0.7 7 52 7.3 -6.9
KURE KraneShares MSCI All China Health Care Index ETF 0.7 65 -6 4.3 -9.9
RNRG Global X Renewable Energy Producers ETF 0.7 66 -7 5.5 -8.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 12 9.4 -4.8
DVYE iShares Emerging Markets Dividend ETF 0.6 49 10 18.8 +4.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 29 8.0 -6.2
FLAX Franklin FTSE Asia Ex Japan ETF 0.6 19 40 6.9 -7.3
BNE Blue Horizon BNE ETF 0.6 87 -28 4.6 -9.6
PBW Invesco WilderHill Clean Energy ETF 0.6 66 -7 -13.7 -27.9
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 34 8.5 -5.7
ISHP First Trust Nasdaq Retail ETF 0.6 60 -1 2.9 -11.3
SCHE Schwab Emerging Markets Equity ETF 0.6 11 48 7.1 -7.1
DMAT Global X Disruptive Materials ETF 0.6 59 0 10.5 -3.7
DEM WisdomTree Emerging Markets High Dividend Fund 0.6 63 -4 18.9 +4.7
WOOD iShares Global Timber & Forestry ETF 0.6 42 17 9.8 -4.4
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 36 9.1 -5.0
CUT Invesco MSCI Global Timber ETF 0.5 61 -2 8.4 -5.8
GINN Goldman Sachs Innovate Equity ETF 0.5 52 7 2.8 -11.4
SETM Sprott Energy Transition Materials ETF 0.5 65 -6 6.0 -8.2
WNDY Global X Wind Energy ETF 0.5 50 9 6.1 -8.1
VEGI iShares MSCI Agriculture Producers ETF 0.5 39 20 9.2 -5.0
URA Global X Uranium ETF 0.5 69 -10 2.4 -11.8
URNJ Sprott Junior Uranium Miners ETF 0.5 80 -21 -2.4 -16.6
URAN Themes Uranium & Nuclear ETF 0.5 35 24 1.9 -12.3
EV Mast Global Battery Recycling & Production ETF 0.5 65 -6 12.2 -1.9
MRAD SmartETFs Advertising & Marketing Technology ETF 0.4 68 -9 5.5 -8.7
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.4 10 49 7.7 -6.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 9 13.0 -1.2
KOMP SPDR S&P Kensho New Economies Composite ETF 0.4 20 39 1.0 -13.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 15 10.6 -3.5
FDEM Fidelity Emerging Markets Multifactor ETF 0.4 25 34 12.3 -1.9
EFRA iShares Environmental Infrastructure and Industrials ETF 0.4 47 12 4.9 -9.3
IBAT iShares Energy Storage & Materials ETF 0.4 47 12 3.1 -11.1
HART IQ Healthy Hearts ETF 0.4 45 14 5.0 -9.2
DINT Davis Select International ETF 0.4 55 4 6.0 -8.1
SXUS Janus Henderson International Sustainable Equity ETF 0.4 60 -1 4.2 -10.0
VSGX Vanguard ESG International Stock ETF 0.4 12 47 6.8 -7.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.3 70 -11 9.2 -5.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 10 12.2 -1.9
IQDE FlexShares International Quality Dividend Defensive Index ET 0.3 47 12 14.8 +0.6
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 7.2 -7.0
CCSO Carbon Collective Climate Solutions US Equity ETF 0.3 35 24 1.9 -12.2
CLOU Global X Cloud Computing ETF 0.3 68 -9 1.8 -12.3
DTCR Global X Data Center & Digital Infrastructure ETF 0.3 50 9 4.7 -9.5
FLHK Franklin FTSE Hong Kong ETF 0.3 9 50 6.8 -7.4
VXUS Vanguard Total International Stock ETF 0.3 7 52 7.2 -7.0
GWX SPDR S&P International Small Cap ETF 0.3 40 19 6.5 -7.7
DRIV Global X Autonomous & Electric Vehicles ETF 0.3 68 -9 4.8 -9.4
BOTZ Global X Robotics & Artificial Intelligence ETF 0.3 69 -10 2.4 -11.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 20 12.8 -1.3
OCEN IQ Clean Oceans ETF 0.3 45 14 6.1 -8.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.3 39 20 7.2 -7.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 23 7.8 -6.3
DWLD Davis Select Worldwide ETF 0.3 63 -4 6.7 -7.5
PTEC Global X PropTech ETF 0.2 50 9 1.6 -12.6
PIO Invesco Global Water ETF 0.2 75 -16 5.2 -9.0
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 48 8.4 -5.8
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.2 46 13 4.9 -9.3
APIE ActivePassive International Equity ETF 0.2 45 14 8.1 -6.1
ZSB USCF Sustainable Battery Metals Strategy Fund 0.2 61 -2 18.6 +4.5
JFWD Jacob Forward ETF 0.2 75 -16 0.0 -14.2
VICE AdvisorShares Vice ETF 0.2 99 -40 5.0 -9.1
VYMI Vanguard International High Dividend Yield ETF 0.2 22 37 9.8 -4.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 44 10.2 -3.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -27 1.6 -12.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 7.3 -6.9
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 44 7.2 -6.9
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.2 80 -21 10.8 -3.4
BATT Amplify Lithium & Battery Technology ETF 0.1 59 0 -0.1 -14.3
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 0.1 85 -26 8.6 -5.6
COPJ Sprott Junior Copper Miners ETF 0.1 75 -16 17.2 +3.0
IQDF FlexShares International Quality Dividend Index Fund 0.1 47 12 12.9 -1.3
SHPP Pacer Industrials and Logistics ETF 0.1 60 -1 9.9 -4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 27 6.2 -8.0
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 0.1 45 14 5.7 -8.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.1 47 12 5.5 -8.7
IGRO iShares International Dividend Growth ETF 0.1 15 44 7.5 -6.6
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 -1 3.5 -10.7
FINX Global X FinTech ETF 0.1 68 -9 2.6 -11.5
GLOF iShares Global Equity Factor ETF 0.1 20 39 7.0 -7.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.4 -8.8
WUGI AXS Esoterica NextG Economy ETF 0.1 75 -16 2.5 -11.6
VT Vanguard Total World Stock ETF 0.1 7 52 5.5 -8.7
SCHC Schwab International Small-Cap Equity ETF 0.1 11 48 6.6 -7.6
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -11 9.7 -4.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.1 49 10 7.0 -7.2
IQIN IQ 500 International ETF 0.1 25 34 9.2 -5.0
IPKW Invesco International BuyBack Achievers ETF 0.1 55 4 11.0 -3.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 7.5 -6.6
NUEM Nuveen ESG Emerging Markets Equity ETF 0.1 36 23 6.5 -7.7
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 0.1 18 41 6.8 -7.3
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 4.6 -9.6
FILL iShares MSCI Global Energy Producers ETF 0.0 39 20 9.6 -4.5
JSTC Adasina Social Justice All Cap Global ETF 0.0 89 -30 4.9 -9.3
VPL Vanguard FTSE Pacific ETF 0.0 8 51 7.7 -6.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.0 20 39 6.8 -7.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.0 18 41 7.0 -7.2
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 7.2 -7.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -7 10.0 -4.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 11.0 -3.2
WTRE WisdomTree New Economy Real Estate Fund 0.0 58 1 0.3 -13.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 34 9.9 -4.3
REET iShares Global REIT ETF 0.0 14 45 6.2 -7.9
VIGI Vanguard International Dividend Appreciation ETF 0.0 15 44 6.4 -7.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 7.4 -6.8
DEW WisdomTree Global High Dividend Fund 0.0 58 1 8.5 -5.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 38 3.8 -10.4
VEA Vanguard FTSE Developed Markets ETF 0.0 5 54 7.3 -6.8
DFGR Dimensional Global Real Estate ETF 0.0 22 37 6.2 -7.9
SCHF Schwab International Equity ETF 0.0 6 53 7.5 -6.7
EBLU Ecofin Global Water ESG Fund 0.0 40 19 4.9 -9.3
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 17 6.4 -7.8

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 China Small-Cap ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.3 %
Divided by: Fwd. P/BV 0.6 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 14.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.48
 
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.