iShares Edge MSCI Min Vol Emerging Markets ETF
ALTAR
Score™
7.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
1.3x
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) $4,293
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) $51,079
Large cap (>$10bn) 61.3%
Mid cap ($2-10bn) 36.5%
Small cap (<$2bn) 0.9%
Developed mkts 10.4%
Emerging mkts 83.3%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 1.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.6 %
FIRST FINANCIAL HOLDING CO 1.5 %
TAIWAN COOPERATIVE FINANCIAL 1.5 %
CHUNGHWA TELECOM CO., LTD 1.4 %
TAIWAN MOBILE CO. LTD. 1.4 %
SAUDI TELECOM CO. 1.4 %
CHINA MOBILE LIMITED 1.2 %
INFOSYS TECHNOLOGIES LTD 1.2 %
FAR EASTONE TELECOMMUNICATIONS CO. 1.2 %
Total 13.8 %

TOP COUNTRY EXPOSURE
CHINA 30.3 %
TAIWAN 16.7 %
INDIA 9.3 %
SOUTH KOREA 6.4 %
SAUDI ARABIA 6.3 %
HONG KONG 6.3 %
THAILAND 6.1 %
MALAYSIA 5.2 %
QATAR 2.6 %
PHILIPPINES 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.1% -3.2% 2.2% -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.66 63%
MSCI EAFE 0.77 72%
MSCI Emg. Mkts. 0.67 90%

Technical Indicators
Recent close $55.62
30d moving avg. $54.30
Annualized volatility 14.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 351
Turnover 0.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $27,094

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 7.7%


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 49.2 30 -5 8.5 +0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 33.8 45 -20 7.7 +0.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 33.5 29 -4 9.9 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 32.7 40 -15 7.1 -0.6
EEMA iShares MSCI Emerging Markets Asia ETF 32.1 50 -25 7.3 -0.4
EEM iShares MSCI Emerging Markets ETF 30.5 68 -43 7.2 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 30.2 30 -5 7.6 -0.0
JHEM John Hancock Multifactor Emerging Markets ETF 29.9 49 -24 8.2 +0.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 29.4 65 -40 7.3 -0.4
SCHE Schwab Emerging Markets Equity ETF 29.4 11 14 7.7 +0.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 28.9 36 -11 7.9 +0.3
FLAX Franklin FTSE Asia Ex Japan ETF 28.6 19 6 7.5 -0.1
AAXJ iShares MSCI All Country Asia ex Japan ETF 28.6 68 -43 6.9 -0.8
ESGE iShares ESG MSCI EM ETF 28.5 25 0 8.4 +0.7
IEMG iShares Core MSCI Emerging Markets ETF 28.2 13 12 7.7 +0.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 27.4 44 -19 8.8 +1.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 26.8 45 -20 9.4 +1.8
VWO Vanguard FTSE Emerging Markets ETF 26.0 10 15 7.8 +0.2
EMMF WisdomTree Emerging Markets Multifactor Fund 25.6 48 -23 9.2 +1.6
BKEM BNY Mellon Emerging Markets Equity ETF 25.2 11 14 8.2 +0.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 25.2 64 -39 4.5 -3.2
BKF iShares MSCI BRIC ETF 24.8 69 -44 7.2 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 24.7 11 14 7.7 +0.0
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 24.2 50 -25 10.2 +2.5
GMF SPDR S&P Emerging Asia Pacific ETF 23.9 49 -24 7.1 -0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 23.9 15 10 8.4 +0.7
DVEM WisdomTree Emerging Markets Dividend Fund 23.6 32 -7 8.1 +0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 23.5 39 -14 12.7 +5.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 23.5 49 -24 7.7 +0.1
PXH Invesco FTSE RAFI Emerging Markets ETF 23.4 50 -25 13.2 +5.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.3 32 -7 6.0 -1.7
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 21.9 20 5 6.5 -1.1
KALL KraneShares FTSE Emerging Markets Plus ETF 21.5 49 -24 7.8 +0.2
MCHI iShares MSCI China ETF 21.3 59 -34 7.5 -0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 21.0 45 -20 8.6 +1.0
RNEM Emerging Markets Equity Select ETF 21.0 75 -50 11.6 +4.0
GXC SPDR S&P China ETF 20.7 59 -34 7.7 +0.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 20.3 32 -7 8.8 +1.1
FLCH Franklin FTSE China ETF 20.3 19 6 8.0 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 20.1 59 -34 10.8 +3.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 19.4 49 -24 7.6 -0.1
AVEM Avantis Emerging Markets Equity ETF 18.9 33 -8 8.6 +1.0
EMXC iShares MSCI Emerging Markets ex China ETF 18.9 25 0 8.0 +0.3
ECON Columbia Emerging Markets Consumer ETF 18.7 59 -34 4.4 -3.3
EMFM Global X MSCI Next Emerging & Frontier ETF 18.2 66 -41 9.1 +1.4
ROAM Hartford Multifactor Emerging Markets ETF 17.6 44 -19 14.5 +6.9
NUEM Nuveen ESG Emerging Markets Equity ETF 17.0 45 -20 6.9 -0.8
ISEM Invesco Strategic Emerging Markets ETF 16.6 35 -10 10.2 +2.5
CHIL Global X MSCI China Large-Cap 50 ETF 16.1 29 -4 8.1 +0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 15.9 45 -20 13.0 +5.4
CN Xtrackers MSCI All China Equity ETF 15.8 50 -25 7.8 +0.2
EEMO Invesco S&P Emerging Markets Momentum ETF 14.7 29 -4 6.2 -1.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 14.7 95 -70 9.0 +1.4
EWT iShares MSCI Taiwan ETF 14.4 59 -34 5.5 -2.1
FLTW Franklin FTSE Taiwan ETF 14.0 19 6 6.0 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.6 40 -15 7.0 -0.7
BICK First Trust BICK Index Fund 12.9 64 -39 4.4 -3.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 12.9 32 -7 5.8 -1.9
XCEM Columbia EM Core ex-China ETF 12.8 16 9 7.2 -0.5
DEM WisdomTree Emerging Markets High Dividend Fund 12.8 63 -38 14.1 +6.4
PIE Invesco DWA Emerging Markets Momentum ETF 12.8 90 -65 4.5 -3.2
IXUS ishares Core MSCI Total International Stock ETF 12.4 9 16 7.3 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 12.2 32 -7 7.2 -0.5
ACWV iShares Edge MSCI Min Vol Global ETF 12.2 20 5 5.6 -2.1
VSGX Vanguard ESG International Stock ETF 12.0 17 8 7.1 -0.6
VXUS Vanguard Total International Stock Index Fund 11.8 8 17 7.5 -0.2
EDIV SPDR S&P Emerging Markets Dividend ETF 11.3 49 -24 11.1 +3.5
VEU Vanguard FTSE All-World ex-US Index Fund 11.2 8 17 7.5 -0.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.1 16 9 6.8 -0.8
FXI iShares China Large-Cap ETF 10.8 74 -49 13.0 +5.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.6 60 -35 8.7 +1.0
AIA iShares Asia 50 ETF 10.3 50 -25 7.8 +0.1
KBA KraneShares Bosera MSCI China A Share ETF 10.2 60 -35 6.5 -1.2
CNYA iShares MSCI China A ETF 10.2 60 -35 6.5 -1.2
ASHX Xtrackers MSCI China A Inclusion Equity ETF 10.2 60 -35 6.4 -1.2
CWI SPDR MSCI ACWI ex-US ETF 10.0 30 -5 7.1 -0.5
CHIQ Global X China Consumer ETF 9.9 65 -40 6.7 -0.9
PIN Invesco India ETF 9.4 78 -53 5.3 -2.3
INDA iShares MSCI India ETF 9.4 69 -44 4.9 -2.7
FLIN Franklin FTSE India ETF 9.4 19 6 5.4 -2.3
VYMI Vanguard International High Dividend Yield ETF 9.2 32 -7 10.1 +2.4
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 8.9 65 -40 6.9 -0.7
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 8.8 58 -33 4.6 -3.0
EPI WisdomTree India Earnings Fund 8.5 85 -60 8.2 +0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.3 20 5 11.1 +3.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 7.8 80 -55 7.6 -0.1
INDY iShares India 50 ETF 7.8 94 -69 5.4 -2.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 7.2 20 5 5.9 -1.7
ASEA Global X Southeast Asia ETF 7.2 65 -40 10.2 +2.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 6.9 29 -4 12.2 +4.5
CHIX Global X China Financials ETF 6.9 66 -41 18.5 +10.8
LOWC SPDR MSCI ACWI Low Carbon Target ETF 6.8 20 5 5.9 -1.7
GBUY Goldman Sachs Motif New Age Consumer ETF 6.6 50 -25 1.7 -6.0
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 6.5 80 -55 3.7 -3.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 6.4 86 -61 2.0 -5.7
ACWI iShares MSCI ACWI ETF 6.3 32 -7 5.7 -2.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 6.3 51 -26 13.9 +6.2

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 1.5 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 7.7 %
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.