iShares Edge MSCI Min Vol Emerging Markets ETF
ALTAR
Score™
8.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
3.1%


  • 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 18, 2011
Assets (mns) $4,076
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 318
Wgt avg mkt cap (mns) $55,424
Large cap (>$10bn) 56.4%
Mid cap ($2-10bn) 40.4%
Small cap (<$2bn) 1.5%
Developed mkts 10.2%
Emerging mkts 83.0%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 2.0 %
TAIWAN SEMICONDUCTOR MANUFAC 1.8 %
TAIWAN COOPERATIVE FINANCIAL 1.4 %
SAUDI TELECOM CO. 1.4 %
MEITUAN DIANPING 1.4 %
CHUNGHWA TELECOM CO., LTD 1.4 %
FIRST FINANCIAL HOLDING CO 1.3 %
INFOSYS TECHNOLOGIES LTD 1.3 %
TAIWAN MOBILE CO. LTD. 1.3 %
FAR EASTONE TELECOMMUNICATIONS CO. 1.1 %
Total 14.5 %

TOP COUNTRY EXPOSURE
CHINA 30.8 %
TAIWAN 16.6 %
INDIA 10.2 %
SOUTH KOREA 6.9 %
SAUDI ARABIA 6.7 %
HONG KONG 6.1 %
THAILAND 5.4 %
MALAYSIA 4.9 %
QATAR 2.7 %
PHILIPPINES 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.9% -0.8% 4.7% -- 3.0%

Market Correlations
versus... Beta R-squared
S&P500 0.64 62%
MSCI EAFE 0.76 73%
MSCI Emg. Mkts. 0.68 90%

Technical Indicators
Recent close $56.14
30d moving avg. $55.82
Annualized volatility 14.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 341
Turnover 0.5%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $21,869

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.0%


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 50.2 30 -5 8.8 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 35.3 40 -15 7.2 -0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 34.3 45 -20 7.5 -0.5
EEMA iShares MSCI Emerging Markets Asia ETF 33.3 50 -25 7.6 -0.4
EELV Invesco S&P Emerging Markets Low Volatility ETF 33.1 29 -4 10.1 +2.1
JHEM John Hancock Multifactor Emerging Markets ETF 31.7 49 -24 8.7 +0.8
EEM iShares MSCI Emerging Markets ETF 31.0 68 -43 7.3 -0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 30.9 30 -5 7.6 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 30.1 65 -40 7.4 -0.6
SCHE Schwab Emerging Markets Equity ETF 29.7 11 14 7.9 -0.1
ESGE iShares ESG MSCI EM ETF 29.4 25 0 8.5 +0.5
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 29.4 36 -11 7.3 -0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 29.3 68 -43 7.0 -1.0
IEMG iShares Core MSCI Emerging Markets ETF 28.8 13 12 7.8 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 28.7 19 6 7.6 -0.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 27.0 44 -19 9.2 +1.2
VWO Vanguard FTSE Emerging Markets ETF 26.6 10 15 8.0 -0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 26.0 50 -25 13.4 +5.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 26.0 45 -20 8.5 +0.5
BKF iShares MSCI BRIC ETF 25.8 69 -44 7.3 -0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 25.5 48 -23 9.6 +1.6
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 25.3 50 -25 10.4 +2.4
BKEM BNY Mellon Emerging Markets Equity ETF 25.2 11 14 8.2 +0.3
SPEM SPDR Portfolio Emerging Markets ETF 25.0 11 14 7.7 -0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 24.9 15 10 8.4 +0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 24.9 39 -14 13.5 +5.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.3 49 -24 7.9 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 24.2 32 -7 5.6 -2.4
GMF SPDR S&P Emerging Asia Pacific ETF 24.0 49 -24 7.0 -1.0
DVEM WisdomTree Emerging Markets Dividend Fund 23.0 32 -7 7.2 -0.8
KALL KraneShares FTSE Emerging Markets Plus ETF 22.4 49 -24 7.9 -0.1
ROAM Hartford Multifactor Emerging Markets ETF 22.2 44 -19 13.2 +5.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.2 20 5 6.6 -1.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.9 45 -20 9.1 +1.1
MCHI iShares MSCI China ETF 21.6 59 -34 7.5 -0.5
RNEM Emerging Markets Equity Select ETF 21.3 75 -50 11.8 +3.8
FLCH Franklin FTSE China ETF 20.8 19 6 8.0 +0.1
GXC SPDR S&P China ETF 20.8 59 -34 7.6 -0.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 20.5 59 -34 11.1 +3.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 20.0 32 -7 9.0 +1.0
ECON Columbia Emerging Markets Consumer ETF 20.0 59 -34 4.9 -3.1
AVEM Avantis Emerging Markets Equity ETF 19.9 33 -8 8.8 +0.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 19.4 49 -24 7.7 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 19.2 45 -20 6.7 -1.3
EMXC iShares MSCI Emerging Markets ex China ETF 18.9 25 0 8.2 +0.2
EMFM Global X MSCI Next Emerging & Frontier ETF 17.9 66 -41 9.1 +1.1
ISEM Invesco Strategic Emerging Markets ETF 17.3 35 -10 10.8 +2.8
CHIL Global X MSCI China Large-Cap 50 ETF 17.1 29 -4 7.5 -0.5
CN Xtrackers MSCI All China Equity ETF 16.4 50 -25 7.9 -0.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 15.7 45 -20 14.6 +6.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.9 95 -70 8.0 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 14.8 29 -4 4.0 -4.0
EWT iShares MSCI Taiwan ETF 14.6 59 -34 6.0 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 14.4 40 -15 7.2 -0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 14.0 32 -7 11.2 +3.2
FLTW Franklin FTSE Taiwan ETF 13.8 19 6 6.2 -1.8
VSGX Vanguard ESG International Stock ETF 13.8 17 8 7.1 -0.9
EDIV SPDR S&P Emerging Markets Dividend ETF 13.8 49 -24 12.0 +4.1
PIE Invesco DWA Emerging Markets Momentum ETF 13.3 90 -65 5.0 -3.0
IXUS ishares Core MSCI Total International Stock ETF 13.2 9 16 7.4 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 13.0 32 -7 7.3 -0.6
XCEM Columbia EM Core ex-China ETF 12.9 16 9 7.1 -0.9
BICK First Trust BICK Index Fund 12.7 64 -39 4.7 -3.3
DEM WisdomTree Emerging Markets High Dividend Fund 12.7 63 -38 15.2 +7.3
ACWV iShares Edge MSCI Min Vol Global ETF 12.1 20 5 5.7 -2.3
VXUS Vanguard Total International Stock Index Fund 12.0 8 17 7.6 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.9 16 9 7.0 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 11.9 8 17 7.6 -0.4
CHIQ Global X China Consumer ETF 11.3 65 -40 6.7 -1.3
FXI iShares China Large-Cap ETF 11.3 74 -49 13.1 +5.1
AIA iShares Asia 50 ETF 10.8 50 -25 7.7 -0.3
CWI SPDR MSCI ACWI ex-US ETF 10.5 30 -5 7.3 -0.7
INDA iShares MSCI India ETF 10.2 69 -44 5.3 -2.7
FLIN Franklin FTSE India ETF 10.1 19 6 5.7 -2.3
KBA KraneShares Bosera MSCI China A Share ETF 10.0 60 -35 6.7 -1.3
CNYA iShares MSCI China A ETF 10.0 60 -35 6.7 -1.3
ASHX Xtrackers MSCI China A Inclusion Equity ETF 10.0 60 -35 6.7 -1.3
PIN Invesco India ETF 9.9 78 -53 5.9 -2.0
VYMI Vanguard International High Dividend Yield ETF 9.7 27 -2 10.3 +2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.7 61 -36 8.9 +1.0
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.6 58 -33 4.8 -3.1
EPI WisdomTree India Earnings Fund 9.0 84 -59 8.5 +0.6
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 8.8 65 -40 7.0 -1.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 8.7 51 -26 16.4 +8.4
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.4 80 -55 7.9 -0.0
INDY iShares India 50 ETF 8.4 93 -68 5.4 -2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.3 20 5 11.8 +3.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 7.8 29 -4 11.7 +3.7
GBUY Goldman Sachs Motif New Age Consumer ETF 7.7 50 -25 1.7 -6.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 7.6 20 5 6.0 -2.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.4 86 -61 2.1 -5.9
FEM First Trust Emerging Markets AlphaDEX Fund 7.2 80 -55 13.9 +6.0
FDNI First Trust Dow Jones International Internet ETF 7.2 65 -40 2.0 -6.0
LOWC SPDR MSCI ACWI Low Carbon Target ETF 7.2 20 5 6.0 -2.0
CHIX Global X China Financials ETF 6.8 66 -41 19.4 +11.4
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 6.8 60 -35 4.4 -3.6
BUYZ Franklin Disruptive Commerce ETF 6.8 50 -25 -0.2 -8.2
KSA iShares MSCI Saudi Arabia Capped ETF 6.7 74 -49 5.5 -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 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 12.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.43
 
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.