iShares Edge MSCI Min Vol Emerging Markets ETF
ALTAR
Score™
8.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.8x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Emerging Markets Minimum Volatility Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Emerging Markets Minimum Volatility Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Oct 20, 2011
Assets (mns) $4,002
Currency USD
Expense ratio 25 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Multi-Factor
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 345
Wgt avg mkt cap (mns) $31,852
Large cap (>$10bn) 54.2%
Mid cap ($2-10bn) 42.9%
Small cap (<$2bn) 2.5%
Developed mkts 8.6%
Emerging mkts 85.6%

TOP TEN HOLDINGS
CHUNGHWA TELECOM CO., LTD 1.7 %
FIRST FINANCIAL HOLDING CO 1.7 %
TAIWAN COOPERATIVE FINANCIAL 1.7 %
TAIWAN MOBILE CO. LTD. 1.6 %
GUANGDONG INVESTMENT LTD 1.6 %
FAR EASTONE TELECOMMUNICATIONS CO. 1.4 %
CHINA MOBILE LIMITED 1.4 %
TAIWAN SEMICONDUCTOR MANUFAC 1.3 %
BANK CENTRAL ASIA PT 1.2 %
HUA NAN FINANCIAL HOLDINGS C 1.1 %
Total 14.7 %

TOP COUNTRY EXPOSURE
CHINA 22.9 %
TAIWAN 18.7 %
INDIA 8.1 %
SOUTH KOREA 6.9 %
THAILAND 6.8 %
HONG KONG 6.4 %
SAUDI ARABIA 5.7 %
MALAYSIA 5.4 %
QATAR 3.1 %
INDONESIA 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.8% -13.4% -1.6% -- 1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.66 62%
MSCI EAFE 0.77 73%
MSCI Emg. Mkts. 0.69 91%

Technical Indicators
Recent close $50.53
30d moving avg. $49.84
Annualized volatility 14.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 921
Turnover 1.2%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $17,959

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares Edge MSCI Min Vol Emerging Markets ETF ETF based on the alternatives' overlap in portfolio holdings with EEMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EEMV Expense: 25 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EEMV
Ticker Fund
Name
Overlap1
vs EEMV
(%)
Expense
ratio
(bp)
Savings
vs EEMV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EEMV
(%)
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 49.4 30 -5 9.8 +0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 32.8 45 -20 9.1 +0.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 31.8 40 -15 8.1 -0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 31.6 29 -4 10.3 +1.4
EEMA iShares MSCI Emerging Markets Asia ETF 29.1 50 -25 9.0 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 28.8 55 -30 9.5 +0.6
EEM iShares MSCI Emerging Markets ETF 28.6 68 -43 8.8 -0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 28.4 45 -20 9.4 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 27.9 30 -5 9.3 +0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 27.3 65 -40 8.9 +0.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 26.8 45 -20 10.4 +1.5
SCHE Schwab Emerging Markets Equity ETF 26.8 13 12 9.2 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 26.3 14 11 9.3 +0.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 26.2 50 -25 10.6 +1.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 25.4 64 -39 5.8 -3.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 25.2 68 -43 8.5 -0.4
FLAX Franklin FTSE Asia Ex Japan ETF 24.7 19 6 9.1 +0.2
ESGE iShares ESG MSCI EM ETF 23.9 25 0 10.3 +1.4
VWO Vanguard FTSE Emerging Markets ETF 23.6 10 15 9.4 +0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 23.1 48 -23 10.4 +1.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 22.7 32 -7 8.0 -0.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.3 39 -14 14.0 +5.1
EMXC iShares MSCI Emerging Markets ex China ETF 22.2 49 -24 8.9 +0.0
DVEM WisdomTree Emerging Markets Dividend Fund 22.0 32 -7 9.6 +0.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 22.0 14 11 10.1 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 21.7 49 -24 8.9 -0.0
BKF iShares MSCI BRIC ETF 21.3 69 -44 9.0 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 21.3 50 -25 14.6 +5.7
SPEM SPDR Portfolio Emerging Markets ETF 21.3 11 14 9.1 +0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.2 49 -24 9.6 +0.7
RNEM Emerging Markets Equity Select ETF 21.1 75 -50 11.2 +2.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 21.0 32 -7 10.1 +1.2
GMF SPDR S&P Emerging Asia Pacific ETF 20.5 49 -24 8.5 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 20.5 20 5 8.1 -0.8
EMFM Global X MSCI Next Emerging & Frontier ETF 20.4 55 -30 9.2 +0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 20.2 32 -7 7.3 -1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.6 59 -34 11.8 +2.9
ROAM Hartford Multifactor Emerging Markets ETF 18.4 44 -19 15.9 +7.0
AXJL WisdomTree Asia Pacific ex-Japan Fund 18.0 48 -23 10.1 +1.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 18.0 45 -20 10.4 +1.5
KALL KraneShares FTSE Emerging Markets Plus ETF 17.2 49 -24 9.6 +0.7
AVEM Avantis Emerging Markets Equity ETF 17.0 33 -8 10.1 +1.2
MCHI iShares MSCI China ETF 16.8 59 -34 9.6 +0.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.1 45 -20 14.3 +5.4
WCHN WisdomTree ICBCCS S&P China 500 Fund 16.1 55 -30 9.3 +0.4
EWT iShares MSCI Taiwan ETF 16.0 59 -34 6.7 -2.2
GXC SPDR S&P China ETF 16.0 59 -34 9.4 +0.5
ECON Columbia Emerging Markets Consumer ETF 15.8 59 -34 5.2 -3.8
FLTW Franklin FTSE Taiwan ETF 15.3 19 6 7.0 -1.9
XCEM Columbia EM Core ex-China ETF 15.2 16 9 8.3 -0.6
EEMO Invesco S&P Emerging Markets Momentum ETF 15.1 30 -5 7.6 -1.3
ISEM Invesco Strategic Emerging Markets ETF 14.9 35 -10 11.1 +2.2
FLCH Franklin FTSE China ETF 14.8 19 6 9.7 +0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 14.2 45 -20 8.2 -0.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.1 95 -70 10.9 +2.0
DEM WisdomTree Emerging Markets High Dividend Fund 13.5 63 -38 14.9 +6.0
ACWV iShares Edge MSCI Min Vol Global ETF 12.1 20 5 6.0 -2.9
CN Xtrackers MSCI All China Equity ETF 11.8 50 -25 9.9 +1.0
PIE Invesco DWA Emerging Markets Momentum ETF 11.6 90 -65 6.1 -2.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.3 60 -35 9.1 +0.2
CHIL Global X MSCI China Large-Cap 50 ETF 11.1 29 -4 10.0 +1.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.9 40 -15 7.9 -1.0
EDIV SPDR S&P Emerging Markets Dividend ETF 10.5 49 -24 12.2 +3.3
IXUS ishares Core MSCI Total International Stock ETF 10.1 9 16 8.1 -0.8
ACWX iShares MSCI ACWI ex U.S. ETF 10.0 32 -7 8.0 -0.9
BICK First Trust BICK Index Fund 9.7 64 -39 4.8 -4.1
VXUS Vanguard Total International Stock Index Fund 9.4 8 17 8.3 -0.6
FXI iShares China Large-Cap ETF 9.3 74 -49 14.2 +5.3
GULF WisdomTree Middle East Dividend Fund 9.3 88 -63 8.7 -0.2
KBA KraneShares Bosera MSCI China A Share ETF 9.2 60 -35 8.5 -0.4
ASHX Xtrackers MSCI China A Inclusion Equity ETF 9.2 60 -35 8.5 -0.4
CNYA iShares MSCI China A ETF 9.2 65 -40 8.4 -0.5
VSGX Vanguard ESG International Stock ETF 9.1 17 8 7.9 -1.0
ASEA Global X Southeast Asia ETF 9.0 65 -40 11.1 +2.2
VEU Vanguard FTSE All-World ex-US Index Fund 8.9 8 17 8.3 -0.6
AIA iShares Asia 50 ETF 8.8 50 -25 9.4 +0.5
DVYE iShares Emerging Markets Dividend ETF 8.8 49 -24 13.6 +4.7
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 8.5 65 -40 9.0 +0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.4 16 9 7.5 -1.4
VYMI Vanguard International High Dividend Yield ETF 8.2 32 -7 10.8 +1.9
FLIN Franklin FTSE India ETF 8.1 19 6 7.2 -1.7
INDA iShares MSCI India ETF 8.1 69 -44 6.7 -2.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.0 20 5 11.6 +2.7
CWI SPDR MSCI ACWI ex-US ETF 8.0 30 -5 8.1 -0.8
PIN Invesco India ETF 7.8 82 -57 7.1 -1.8
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 7.5 58 -33 6.3 -2.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 7.5 29 -4 13.0 +4.1
EPI WisdomTree India Earnings Fund 7.5 85 -60 11.2 +2.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 7.4 51 -26 14.3 +5.4
FRDM Freedom 100 Emerging Markets ETF 7.0 49 -24 8.1 -0.8
ACWF iShares FactorSelect MSCI Global ETF 7.0 35 -10 8.4 -0.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 6.8 32 -7 7.4 -1.5
CHIX Global X China Financials ETF 6.8 65 -40 19.7 +10.8
THD iShares MSCI Thailand ETF 6.8 59 -34 10.6 +1.7
EWY iShares MSCI South Korea ETF 6.8 59 -34 9.8 +0.9
FLKR Franklin FTSE South Korea ETF 6.7 9 16 10.4 +1.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 6.6 80 -55 10.1 +1.2
INDY iShares India 50 ETF 6.6 94 -69 7.1 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 6.1 20 5 6.6 -2.3
FEM First Trust Emerging Markets AlphaDEX Fund 5.7 80 -55 12.4 +3.5

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 Edge MSCI Min Vol Emerging Markets 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 12.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.