iShares MSCI Denmark Capped ETF
ALTAR
Score™
6.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
31.1x P/Sales
ratio
2.3x
P/BV
ratio
1.7x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Denmark Capped Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Denmark IMI 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 26, 2012
Assets (mns) $36
Currency USD
Expense ratio 53 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 44
Wgt avg mkt cap (mns) $49,770
Large cap (>$10bn) 71.4%
Mid cap ($2-10bn) 20.9%
Small cap (<$2bn) 7.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 23.8 %
DSV A/S 7.9 %
DONG ENERGY A/S 6.7 %
GENMAB A/S 5.7 %
VESTAS WIND SYSTEMS A/S 5.7 %
COLOPLAST A/S CLASS B 5.3 %
CARLSBERG AS-B 3.9 %
NOVOZYMES A/S-B SHARES 3.8 %
CHR HANSEN HOLDING A/S 3.4 %
DANSKE BANK A/S 2.5 %
Total 68.7 %

TOP COUNTRY EXPOSURE
DENMARK 97.0 %
BRITAIN 0.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.7% 20.9% 7.3% -- 14.4%

Market Correlations
versus... Beta R-squared
S&P500 0.70 60%
MSCI EAFE 0.78 65%
MSCI Emg. Mkts. 0.61 60%

Technical Indicators
Recent close $72.08
30d moving avg. $65.94
Annualized volatility 15.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 25
Turnover 5.0%
Bid/Ask (% of price) 0.33%
ADV underlying (mns) $1,070

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Denmark Capped ETF ETF based on the alternatives' overlap in portfolio holdings with EDEN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EDEN Expense: 53 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EDEN
Ticker Fund
Name
Overlap1
vs EDEN
(%)
Expense
ratio
(bp)
Savings
vs EDEN
(bp)
ALTAR
Score™
(%)
ALTAR
vs EDEN
(%)
GXF Global X FTSE Nordic Region ETF 38.3 58 -5 11.6 +5.3
DNL WisdomTree Global ex-US Dividend Growth Fund 12.9 58 -5 8.1 +1.9
FAN First Trust Global Wind Energy ETF 12.3 60 -7 6.5 +0.2
DWCR Arrow DWA Country Rotation ETF 10.9 95 -42 18.1 +11.9
IQDG WisdomTree International Quality Dividend Growth Fund 8.6 38 15 6.7 +0.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 8.5 58 -5 6.6 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 7.9 58 -5 6.4 +0.1
FPXE First Trust IPOX Europe Equity Opportunities ETF 7.1 70 -17 3.1 -3.2
EUMV iShares Edge MSCI Min Vol Europe ETF 6.8 25 28 5.7 -0.6
YLCO Global X YieldCo Index ETF 6.7 65 -12 4.6 -1.6
LNGR Global X Longevity Thematic ETF 6.4 50 3 3.1 -3.2
IDHQ Invesco S&P International Developed High Quality ETF 6.0 29 24 5.6 -0.7
SDG iShares Sustainable MSCI Global Impact ETF 5.9 49 4 6.4 +0.1
RFEU First Trust Riverfront Dynamic Europe ETF 5.9 83 -30 5.1 -1.1
DDEZ WisdomTree Europe Multifactor Fund 5.8 43 10 7.3 +1.1
GEX VanEck Vectors Global Alternative Energy ETF 5.7 63 -10 5.0 -1.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 5.7 30 23 5.0 -1.2
PZD Invesco Cleantech ETF 5.6 68 -15 5.0 -1.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 5.1 30 23 6.5 +0.3
PIZ Invesco DWA Developed Markets Momentum ETF 5.0 80 -27 4.3 -1.9
JPEU JPMorgan Diversified Return Europe Equity ETF 4.8 37 16 7.2 +1.0
EUDV ProShares MSCI Europe Dividend Growers ETF 4.7 55 -2 7.1 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 4.6 25 28 7.0 +0.8
IDMO Invesco S&P International Developed Momentum ETF 4.6 25 28 4.8 -1.5
FEP First Trust Europe AlphaDEX Fund 4.4 80 -27 8.5 +2.2
ICLN iShares Global Clean Energy ETF 4.2 46 7 3.5 -2.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 4.2 32 21 6.7 +0.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 4.2 50 3 6.8 +0.6
IDNA iShares Genomics Immunology & Healthcare ETF 4.2 47 6 -2.6 -8.8
SCID Global X Scientific Beta Europe ETF 4.0 38 15 7.3 +1.1
RBIN Nationwide Risk-Based International Equity ETF 4.0 42 11 6.6 +0.4
EFG iShares MSCI EAFE Growth ETF 4.0 40 13 4.9 -1.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 3.9 80 -27 6.2 0.0
DWMF WisdomTree International Multifactor Fund 3.8 38 15 7.2 +1.0
IEUR iShares Core MSCI Europe ETF 3.8 9 44 7.7 +1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 3.8 30 23 7.1 +0.9
FLEE Franklin FTSE Europe ETF 3.7 9 44 7.4 +1.1
BBEU JPMorgan BetaBuilders Europe ETF 3.7 9 44 7.7 +1.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 3.7 30 23 7.3 +1.0
VGK Vanguard FTSE Europe ETF 3.7 8 45 7.8 +1.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 3.7 45 8 7.1 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 3.6 14 39 7.3 +1.1
IEUS iShares MSCI Europe Small-Cap ETF 3.6 40 13 7.5 +1.2
FLEH Franklin FTSE Europe Hedged ETF 3.6 9 44 7.5 +1.3
IEV iShares Europe ETF 3.6 59 -6 7.2 +1.0
FEU SPDR Portfolio Europe ETF 3.6 9 44 7.7 +1.4
GDVD Principal Active Global Dividend Income ETF 3.6 58 -5 5.2 -1.0
WWJD Inspire International ESG ETF 3.5 80 -27 8.3 +2.0
OEUR O'shares FTSE Europe Quality Dividend ETF 3.5 48 5 6.8 +0.6
PBD Invesco Global Clean Energy ETF 3.3 75 -22 2.1 -4.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 3.1 20 33 6.0 -0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 3.1 83 -30 6.7 +0.4
TPIF Timothy Plan International ETF 3.0 62 -9 7.4 +1.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 3.0 48 5 0.0 -6.2
IQSI IQ Candriam ESG International Equity ETF 2.9 15 38 7.7 +1.5
FPXI First Trust International Equity Opportunities ETF 2.9 70 -17 2.9 -3.4
XT iShares Exponential Technologies ETF 2.8 47 6 5.4 -0.9
DTEC ALPS Disruptive Technologies ETF 2.7 50 3 3.7 -2.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 2.7 29 24 9.2 +3.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.7 25 28 7.2 +1.0
NUDM Nuveen ESG International Developed Markets Equity ETF 2.7 40 13 7.2 +1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 2.7 20 33 7.7 +1.4
DFE WisdomTree Europe SmallCap Dividend Fund 2.7 58 -5 9.1 +2.9
IXJ iShares Global Healthcare ETF 2.7 46 7 6.1 -0.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 2.7 61 -8 5.2 -1.1
CIL VictoryShares International Volatility Weighted Index ETF 2.6 45 8 7.1 +0.9
RNDM Developed International Equity Select ETF 2.6 65 -12 6.7 +0.5
DINT Davis Select International ETF 2.5 75 -22 6.2 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 2.5 20 33 7.6 +1.4
IDY Pacific Global International Equity Income ETF 2.5 39 14 9.3 +3.1
DIM WisdomTree International MidCap Dividend Fund 2.5 58 -5 8.2 +2.0
DWLD Davis Select Worldwide ETF 2.4 64 -11 7.0 +0.8
PDEV Principal International Multi-Factor Core Index ETF 2.3 25 28 8.4 +2.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 2.3 16 37 7.5 +1.2
IMOM Alpha Architect International Quantitative Momentum ETF 2.3 59 -6 4.4 -1.9
FIVA Fidelity International Value Factor ETF 2.3 39 14 11.2 +4.9
EFA iShares MSCI EAFE ETF 2.3 32 21 7.6 +1.4
PQIN PGIM QMA Strategic Alpha International Equity ETF 2.3 29 24 8.5 +2.2
FDEV Fidelity Targeted International Factor ETF 2.3 39 14 6.8 +0.6
JHMD John Hancock Multifactor Developed International ETF 2.3 45 8 7.9 +1.6
IEFA iShares Core MSCI EAFE ETF 2.3 7 46 7.8 +1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.3 35 18 7.5 +1.3
ECLN First Trust EIP Carbon Impact ETF 2.2 95 -42 3.8 -2.5
HFXI IQ 50 Percent Hedged FTSE International ETF 2.2 20 33 8.0 +1.8
QINT American Century Quality Diversified International ETF 2.2 39 14 6.2 -0.0
IPKW Invesco International BuyBack Achievers ETF 2.2 55 -2 9.3 +3.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 2.2 7 46 8.1 +1.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.1 65 -12 12.8 +6.5
IDEV iShares Core MSCI International Developed Markets ETF 2.1 5 48 7.7 +1.5
MVIN Natixis Seeyond International Minimum Volatility ETF 2.0 55 -2 5.9 -0.3
ISZE iShares Edge MSCI Intl Size Factor ETF 2.0 30 23 7.4 +1.2
SCHF Schwab International Equity ETF 2.0 6 47 7.9 +1.6
SCZ iShares MSCI Eafe Small-Cap ETF 2.0 40 13 7.0 +0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.9 39 14 7.1 +0.8
ESGN Columbia Sustainable International Equity Income ETF 1.9 45 8 11.9 +5.6
VEA Vanguard FTSE Developed Markets ETF 1.9 5 48 8.0 +1.7
SPDW SPDR Portfolio Developed World ex-US ETF 1.9 4 49 7.7 +1.5
IDOG ALPS International Sector Dividend Dogs ETF 1.8 50 3 11.7 +5.5
DWM WisdomTree International Equity Fund 1.7 48 5 8.8 +2.5

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%.

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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 Denmark Capped 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 11.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.58
 
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.