iShares MSCI China Small-Cap ETF
ALTAR
Score™		 9.2% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 15.1x P/Sales
ratio		 0.7x
P/BV
ratio		 0.8x Div.
yield		 1.6%


  • 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) $102
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 261
Wgt avg mkt cap (mns) $1,884
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
CHINA GOLD INTERNATIONAL RESOURCES 2.4 %
MINTH GROUP LTD 1.8 %
XD, INC. 1.4 %
CHINA EVERBRIGHT INTL LTD 1.4 %
CHINA NONFERROUS MINING CORP. LTD. 1.3 %
CHINA MEDICAL SYSTEM HOLDING 1.3 %
KINGBOARD CHEMICALS HOLDINGS 1.2 %
ASCENTAGE PHARMA GROUP INTERNATION 1.2 %
ZAI LAB LTD 1.2 %
REMEGEN CO. LTD. CLASS H 1.1 %
Total 14.2 %

TOP COUNTRY EXPOSURE
CHINA 54.5 %
HONG KONG 21.5 %
CANADA 2.4 %
UNITED STATES 0.4 %







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.
42.0% 36.6% -0.2% 1.5% 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.74 9%
MSCI EAFE 1.09 25%
MSCI Emg. Mkts. 1.27 40%

Technical Indicators
Recent close $35.19
30d moving avg. $36.22
Annualized volatility 32.1%
Short interest (ETF) 1.3%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 28
Turnover 1.0%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $1,551

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 194 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™: 9.2%


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 11.2 80 -21 14.1 +4.9
AVEE Avantis Emerging Markets Small Cap Equity ETF 10.5 42 17 9.7 +0.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 7.5 70 -11 7.6 -1.6
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 7.2 90 -31 4.9 -4.3
AVES Avantis Emerging Markets Value ETF 5.6 36 23 10.8 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.2 59 0 8.6 -0.6
PGJ Invesco Golden Dragon China ETF 4.6 70 -11 13.9 +4.7
EWX SPDR S&P Emerging Markets Small Cap ETF 4.4 65 -6 7.9 -1.2
COPX Global X Copper Miners ETF 4.3 65 -6 5.7 -3.4
KGRN KraneShares MSCI China Clean Technology Index ETF 4.3 79 -20 0.4 -8.7
GXC SPDR S & P China ETF 3.8 59 0 15.7 +6.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 3.6 32 27 13.6 +4.5
KWEB KraneShares CSI China Internet ETF 3.6 69 -10 25.7 +16.5
EYLD Cambria Emerging Shareholder Yield ETF 3.5 66 -7 11.7 +2.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 3.3 80 -21 11.0 +1.8
FEM First Trust Emerging Markets AlphaDEX Fund 3.2 80 -21 11.5 +2.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 3.1 58 1 9.5 +0.4
AVEM Avantis Emerging Markets Equity ETF 3.1 33 26 8.2 -0.9
AVSE Avantis Responsible Emerging Markets Equity ETF 3.0 33 26 7.9 -1.2
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 2.8 60 -1 3.1 -6.1
CTEC Global X CleanTech ETF 2.6 50 9 0.7 -8.5
EMIF iShares Emerging Markets Infrastructure ETF 2.4 60 -1 4.5 -4.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 2.4 80 -21 9.6 +0.5
FLCH Franklin FTSE China ETF 2.1 19 40 15.4 +6.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 2.1 38 21 8.6 -0.6
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 2.0 8 51 7.3 -1.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.9 41 18 8.2 -1.0
VIDI Vident International Equity Strategy ETF 1.9 61 -2 10.5 +1.3
PBD Invesco Global Clean Energy ETF 1.9 75 -16 0.9 -8.2
DFEV Dimensional Emerging Markets Value ETF 1.8 43 16 11.9 +2.8
HERO Global X Video Games & Esports ETF 1.8 50 9 4.5 -4.6
NERD Roundhill Video Games ETF 1.8 50 9 6.6 -2.6
CGV Conductor Global Equity Value ETF 1.8 130 -71 7.9 -1.2
FCA First Trust China AlphaDEX Fund 1.7 80 -21 9.0 -0.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.7 45 14 10.1 +1.0
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 1.6 20 39 2.9 -6.2
IGF iShares Global Infrastructure ETF 1.6 41 18 4.6 -4.6
GII SPDR S&P Global Infrastructure ETF 1.6 40 19 4.6 -4.5
SOCL Global X Social Media ETF 1.5 65 -6 11.0 +1.9
SLVP iShares MSCI Global Silver Miners ETF 1.5 39 20 5.2 -4.0
ESPO VanEck Video Gaming and eSports ETF 1.4 56 3 5.3 -3.9
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 1.4 85 -26 6.1 -3.0
ION ProShares S&P Global Core Battery Metals ETF 1.4 58 1 7.4 -1.8
COPA Themes Copper Miners ETF 1.4 35 24 4.5 -4.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.4 95 -36 11.0 +1.8
TAN Invesco Solar ETF 1.4 67 -8 6.0 -3.2
DEM WisdomTree Emerging Markets High Dividend Fund 1.4 63 -4 12.8 +3.7
CQQQ Invesco China Technology ETF 1.3 70 -11 15.5 +6.3
BATT Amplify Lithium & Battery Technology ETF 1.3 59 0 2.9 -6.3
AGNG Global X Aging Population ETF 1.3 50 9 4.4 -4.7
GINN Goldman Sachs Innovate Equity ETF 1.3 52 7 3.7 -5.5
ERTH Invesco MSCI Sustainable Future ETF 1.3 62 -3 3.5 -5.7
AADR AdvisorShares Dorsey Wright ADR ETF 1.3 110 -51 4.8 -4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 1.3 78 -19 8.9 -0.3
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 20 9.3 +0.1
GMF SPDR S&P Emerging Asia Pacific ETF 1.2 49 10 9.4 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 50 9.8 +0.6
CNRG State Street SPDR S&P Kensho Clean Power ETF 1.2 45 14 1.6 -7.5
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 24 8.6 -0.5
VWO Vanguard FTSE Emerging Markets ETF 1.2 7 52 10.1 +1.0
SDIV Global X Superdividend ETF 1.2 58 1 41.9 +32.8
FDHT Fidelity Digital Health ETF 1.2 39 20 1.5 -7.6
SETM Sprott Energy Transition Materials ETF 1.2 65 -6 2.0 -7.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 1.2 12 47 8.2 -0.9
KTEC KraneShares Hang Seng TECH Index ETF 1.1 69 -10 19.8 +10.7
NBCC Neuberger Berman Next Generation Connected Consumer ETF 1.1 56 3 2.8 -6.3
ODDS Pacer BlueStar Digital Entertainment ETF 1.0 60 -1 2.8 -6.4
WFH Direxion Work From Home ETF 1.0 45 14 3.7 -5.4
CUT Invesco MSCI Global Timber ETF 1.0 61 -2 11.0 +1.9
BNGE First Trust S-Network Streaming and Gaming ETF 1.0 70 -11 2.8 -6.3
ICOP iShares Copper and Metals Mining ETF 1.0 47 12 7.8 -1.3
RING iShares MSCI Global Gold Miners ETF 0.9 39 20 3.9 -5.3
QQQS Invesco NASDAQ Future Gen 200 ETF 0.9 20 39 -4.5 -13.6
RNEM First Trust Emerging Markets Equity Select ETF 0.9 75 -16 8.4 -0.8
FRNW Fidelity Clean Energy ETF 0.9 39 20 2.3 -6.8
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 52 10.4 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 9 10.3 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.8 49 10 14.8 +5.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -21 8.6 -0.5
FLAX Franklin FTSE Asia Ex Japan ETF 0.8 19 40 8.4 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.8 39 20 5.7 -3.4
ISCF iShares International SmallCap Equity Factor ETF 0.7 23 36 8.1 -1.0
WOOD iShares Global Timber & Forestry ETF 0.7 42 17 13.4 +4.2
EFRA iShares Environmental Infrastructure and Industrials ETF 0.7 47 12 5.4 -3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.7 30 29 7.5 -1.6
CLOU Global X Cloud Computing ETF 0.7 68 -9 2.4 -6.8
FCLD Fidelity Cloud Computing ETF 0.7 39 20 3.4 -5.7
SRVR Pacer Data & Infrastructure Real Estate ETF 0.7 55 4 4.5 -4.6
TMAT Main Thematic Innovation ETF 0.7 164 -105 -1.5 -10.6
DTCR Global X Data Center & Digital Infrastructure ETF 0.7 50 9 3.9 -5.2
REAI Intelligent Real Estate ETF 0.7 59 0 4.7 -4.5
SPAM Themes Cybersecurity ETF 0.7 35 24 2.5 -6.6
FDLS Inspire Fidelis Multi Factor ETF 0.7 76 -17 4.6 -4.5
MCH Matthews China Active ETF 0.7 79 -20 14.0 +4.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.7 39 20 15.4 +6.3
VEGI iShares MSCI Agriculture Producers ETF 0.7 39 20 9.0 -0.2
SCHE Schwab Emerging Markets Equity ETF 0.7 11 48 10.5 +1.4
FYLD Cambria Foreign Shareholder Yield ETF 0.7 59 0 11.3 +2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 0.7 29 30 7.6 -1.6
ICLN iShares Global Clean Energy ETF 0.6 41 18 3.3 -5.9
RNRG Global X Renewable Energy Producers ETF 0.6 66 -7 5.2 -4.0
GOEX Global X Gold Explorers ETF 0.6 65 -6 2.8 -6.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.6 10 49 6.7 -2.5
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 10 6.9 -2.2
HYP Golden Eagle Dynamic Hypergrowth ETF 0.6 85 -26 -1.7 -10.8
DRGN Themes China Generative Artificial Intelligence ETF 0.6 39 20 10.9 +1.7
BOTZ Global X Robotics & Artificial Intelligence ETF 0.6 69 -10 2.2 -7.0
NLR VanEck Uranium+Nuclear Energy ETF 0.5 61 -2 1.7 -7.5
URA Global X Uranium ETF 0.5 69 -10 1.4 -7.8
URNJ Sprott Junior Uranium Miners ETF 0.5 80 -21 -3.9 -13.0
URAN Themes Uranium & Nuclear ETF 0.5 35 24 1.5 -7.7
EMGF iShares Emerging Markets Equity Factor ETF 0.5 25 34 10.8 +1.6
CCSO Carbon Collective Climate Solutions US Equity ETF 0.5 35 24 1.3 -7.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 34 12.1 +2.9
FAN First Trust Global Wind Energy ETF 0.5 60 -1 4.2 -5.0
ISHP First Trust Nasdaq Retail ETF 0.5 60 -1 5.7 -3.5
FMET Fidelity Metaverse ETF 0.5 39 20 4.8 -4.3
GDXJ VanEck Junior Gold Miners ETF 0.5 52 7 3.8 -5.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 20 11.0 +1.8
MEM Matthews Emerging Markets Equity Active ETF 0.5 79 -20 7.4 -1.8
PBW Invesco WilderHill Clean Energy ETF 0.4 66 -7 -3.3 -12.4
SMOG VanEck Low Carbon Energy ETF 0.4 61 -2 1.6 -7.6
APIE ActivePassive International Equity ETF 0.4 45 14 7.2 -2.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 -11 11.9 +2.7
JIVE JPMorgan International Value ETF 0.4 55 4 10.9 +1.7
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 9.3 +0.2
VSGX Vanguard ESG International Stock ETF 0.4 10 49 7.5 -1.6
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -9 4.8 -4.4
IPKW Invesco International BuyBack Achievers ETF 0.4 55 4 8.9 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.4 44 15 10.5 +1.3
TRFM AAM Transformers ETF 0.4 49 10 1.3 -7.8
FPXI First Trust International Equity Opportunities ETF 0.4 70 -11 4.4 -4.8
IDRV iShares Self-driving EV & Tech ETF 0.4 47 12 1.4 -7.8
EV Mast Global Battery Recycling & Production ETF 0.4 65 -6 6.8 -2.4
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 7.6 -1.6
VXUS Vanguard Total International Stock ETF 0.3 5 54 7.7 -1.5
GGME Invesco Next Gen Media and Gaming ETF 0.3 60 -1 4.9 -4.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.3 15 44 7.5 -1.7
AQWA Global X Clean Water ETF 0.3 50 9 5.1 -4.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.3 36 23 9.1 -0.1
GWX SPDR S&P International Small Cap ETF 0.3 40 19 6.8 -2.4
BKEM BNY Mellon Emerging Markets Equity ETF 0.3 11 48 9.3 +0.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.3 46 13 5.6 -3.5
DINT Davis Select International ETF 0.2 55 4 7.8 -1.4
DWLD Davis Select Worldwide ETF 0.2 63 -4 7.2 -1.9
FLHK Franklin FTSE Hong Kong ETF 0.2 9 50 4.3 -4.8
WISE Themes Generative Artificial Intelligence ETF 0.2 35 24 -0.4 -9.6
DVYE iShares Emerging Markets Dividend ETF 0.2 49 10 17.9 +8.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.2 55 4 6.9 -2.3
ZSB USCF Sustainable Battery Metals Strategy Fund 0.2 61 -2 5.4 -3.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.2 86 -27 14.3 +5.1
VYMI Vanguard International High Dividend Yield ETF 0.2 17 42 9.1 -0.1
POW VistaShares Electrification Supercycle ETF 0.2 75 -16 3.6 -5.5
SCHC Schwab International Small-Cap Equity ETF 0.2 11 48 7.6 -1.6
TBLU Tortoise Global Water ESG ETF 0.2 40 19 4.6 -4.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 4 55 7.7 -1.4
SHPP Pacer Industrials and Logistics ETF 0.2 60 -1 8.2 -0.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 12 5.7 -3.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.6 -3.5
GLOF iShares Global Equity Factor ETF 0.1 20 39 6.7 -2.5
VT Vanguard Total World Stock ETF 0.1 6 53 5.7 -3.4
COPJ Sprott Junior Copper Miners ETF 0.1 75 -16 -0.7 -9.8
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.1 15 44 9.6 +0.5
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.1 61 -2 2.3 -6.8
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.1 58 1 4.5 -4.7
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.1 61 -2 -0.6 -9.7
BCOR Grayscale Bitcoin Adopters ETF 0.1 59 0 2.6 -6.6
CGW Invesco S&P Global Water Index ETF 0.1 57 2 4.7 -4.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 17 6.4 -2.8
FINX Global X FinTech ETF 0.1 68 -9 3.2 -6.0
TDIV First Trust NASDAQ Technology Dividend Index Fund 0.1 50 9 5.7 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.1 39 20 6.3 -2.8
FTAG First Trust Indxx Global Agriculture ETF 0.1 70 -11 8.3 -0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.1 33 26 9.3 +0.1
DEW WisdomTree Global High Dividend Fund 0.1 58 1 8.3 -0.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 27 8.4 -0.7
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.1 18 41 7.3 -1.9
VPL Vanguard FTSE Pacific ETF 0.1 7 52 6.4 -2.7
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 38 3.8 -5.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 14 8.4 -0.7
FNDF Schwab Fundamental International Large Co. Index ETF 0.0 25 34 9.0 -0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.0 45 14 9.6 +0.5
IGRO iShares International Dividend Growth ETF 0.0 15 44 7.1 -2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 66 -7 8.9 -0.3
VEA Vanguard FTSE Developed Markets ETF 0.0 3 56 6.9 -2.3
VIGI Vanguard International Dividend Appreciation ETF 0.0 10 49 6.4 -2.7
REET iShares Global REIT ETF 0.0 14 45 7.6 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 3 56 6.7 -2.4
DFGR Dimensional Global Real Estate ETF 0.0 22 37 7.8 -1.4
SCHF Schwab International Equity ETF 0.0 6 53 6.9 -2.3
XT iShares Exponential Technologies ETF 0.0 46 13 4.7 -4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 41 18 7.1 -2.0
EBLU Ecofin Global Water ESG Fund 0.0 40 19 4.5 -4.6
IEUS iShares MSCI Europe Small-Cap ETF 0.0 42 17 7.4 -1.8

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

  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 7.6 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.54
 
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.