iShares MSCI EAFE ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
23.6x P/Sales
ratio
1.5x
P/BV
ratio
1.6x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EAFE Index fund seeks investment results that correspond to the price and yield performance of the MSCI EAFE Index. The index consists of the stocks in developed markets in Europe, Australia and the Far East.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Aug 14, 2001
Assets (mns) $53,998
Currency USD
Expense ratio 32 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 878
Wgt avg mkt cap (mns) $71,344
Large cap (>$10bn) 88.0%
Mid cap ($2-10bn) 10.8%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 2.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
ASML HOLDING NV 1.5 %
NOVARTIS AG-REG 1.3 %
LVMH MOET HENNESSY LOUIS VUI 1.1 %
UNILEVER PLC 1.0 %
AIA GROUP LTD 1.0 %
TOYOTA MOTOR CORP 1.0 %
ASTRAZENECA PLC 0.9 %
SAP AG 0.8 %
Total 12.0 %

TOP COUNTRY EXPOSURE
JAPAN 25.2 %
BRITAIN 13.8 %
SWITZERLAND 9.9 %
FRANCE 9.8 %
GERMANY 9.1 %
AUSTRALIA 6.9 %
NETHERLANDS 4.6 %
SWEDEN 3.2 %
HONG KONG 3.2 %
DENMARK 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.6% 7.6% 7.5% 5.4% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.86 82%
MSCI EAFE 0.95 99%
MSCI Emg. Mkts. 0.74 76%

Technical Indicators
Recent close $75.06
30d moving avg. $73.72
Annualized volatility 17.9%
Short interest (ETF) 5.9%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 22,285
Turnover 3.1%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $68,652

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the iShares MSCI EAFE ETF ETF based on the alternatives' overlap in portfolio holdings with EFA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFA Expense: 32 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFA
Ticker Fund
Name
Overlap1
vs EFA
(%)
Expense
ratio
(bp)
Savings
vs EFA
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFA
(%)
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 96.3 35 -3 6.1 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 92.1 20 12 6.3 +0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 91.4 20 12 6.4 +0.1
DFAI Dimensional International Core Equity Market ETF 86.9 18 14 6.4 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 86.5 20 12 6.4 +0.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 86.0 7 25 6.5 +0.3
BKIE BNY Mellon International Equity ETF 85.6 4 28 6.6 +0.3
IEFA iShares Core MSCI EAFE ETF 84.2 7 25 6.5 +0.2
SCHF Schwab International Equity ETF 79.3 6 26 6.5 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 77.0 20 12 6.2 -0.1
IDEV iShares Core MSCI International Developed Markets ETF 76.0 5 27 6.5 +0.2
IQSI IQ Candriam ESG International Equity ETF 71.6 15 17 6.4 +0.2
JHMD John Hancock Multifactor Developed International ETF 71.3 39 -7 6.6 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 70.7 4 28 6.2 -0.0
VEA Vanguard FTSE Developed Markets ETF 70.0 5 27 6.6 +0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 68.1 35 -3 6.0 -0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 67.1 30 2 6.0 -0.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 63.0 25 7 6.0 -0.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 62.8 45 -13 7.7 +1.4
VSGX Vanguard ESG International Stock ETF 61.8 17 15 6.3 +0.1
IEUR iShares Core MSCI Europe ETF 61.5 9 23 6.6 +0.4
ACWX iShares MSCI ACWI ex U.S. ETF 61.3 32 0 6.3 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 61.0 45 -13 6.0 -0.2
FLEE Franklin FTSE Europe ETF 60.5 9 23 6.5 +0.2
FLEH Franklin FTSE Europe Hedged ETF 60.5 9 23 6.5 +0.3
SPEU SPDR Portfolio Europe ETF 60.4 9 23 6.8 +0.6
BBEU JPMorgan BetaBuilders Europe ETF 60.3 9 23 6.7 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 60.1 40 -8 6.1 -0.2
VGK Vanguard FTSE Europe ETF 59.7 8 24 6.8 +0.5
PDEV Principal International Multi-Factor Core Index ETF 59.1 25 7 7.1 +0.8
CWI SPDR MSCI ACWI ex-US ETF 58.8 30 2 6.2 -0.1
IEV iShares Europe ETF 58.6 59 -27 6.3 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 57.7 25 7 7.7 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 57.1 8 24 6.7 +0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 57.0 40 -8 7.2 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 56.2 39 -7 5.6 -0.7
DWM WisdomTree International Equity Fund 55.9 48 -16 7.2 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 53.8 25 7 5.9 -0.3
EFV iShares MSCI EAFE Value ETF 53.6 39 -7 8.4 +2.2
DOL WisdomTree International LargeCap Dividend Fund 52.9 48 -16 7.2 +0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 52.6 12 20 6.2 -0.0
IXUS ishares Core MSCI Total International Stock ETF 52.6 9 23 6.4 +0.2
EFG iShares MSCI EAFE Growth ETF 52.0 40 -8 4.1 -2.2
ISZE iShares Edge MSCI Intl Size Factor ETF 52.0 30 2 6.3 +0.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 51.6 39 -7 7.4 +1.2
CIL VictoryShares International Volatility Weighted Index ETF 49.2 45 -13 6.4 +0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 49.0 45 -13 6.4 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 49.0 14 18 6.1 -0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 48.7 16 16 6.0 -0.3
ISDX Invesco RAFI Strategic Developed ex-US ETF 46.1 23 9 6.3 +0.1
AVDE Avantis International Equity ETF 46.1 23 9 6.9 +0.7
IQIN IQ 500 International ETF 45.6 25 7 7.7 +1.4
RESD WisdomTree International ESG Fund 43.0 30 2 6.5 +0.2
VXUS Vanguard Total International Stock ETF 42.9 8 24 6.6 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 41.0 29 3 7.1 +0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 38.1 30 2 5.2 -1.0
TPIF Timothy Plan International ETF 37.5 62 -30 6.1 -0.2
VPL Vanguard FTSE Pacific ETF 36.8 8 24 6.4 +0.1
VYMI Vanguard International High Dividend Yield ETF 36.5 27 5 9.0 +2.8
IPAC iShares Core MSCI Pacific ETF 36.5 9 23 6.3 +0.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 35.8 30 2 4.1 -2.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 35.7 24 8 6.5 +0.3
IVLU iShares Edge MSCI Intl Value Factor ETF 35.1 30 2 10.0 +3.8
RBIN Nationwide Risk-Based International Equity ETF 34.4 42 -10 6.0 -0.2
RNDM First Trust Developed International Equity Select ETF 33.9 65 -33 5.7 -0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 33.7 42 -10 4.6 -1.7
QWLD SPDR MSCI World StrategicFactors ETF 31.8 30 2 5.4 -0.9
EZU iShares MSCI Eurozone ETF 31.4 51 -19 6.0 -0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.1 20 12 5.0 -1.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 31.0 45 -13 6.0 -0.2
URTH iShares MSCI World ETF 30.6 24 8 5.0 -1.3
NUDM Nuveen ESG International Developed Markets Equity ETF 30.5 40 -8 5.9 -0.3
EURZ Xtrackers Eurozone Equity ETF 29.8 9 23 6.6 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 29.3 37 -5 7.0 +0.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 28.8 45 -13 6.1 -0.1
VWID Virtus WMC International Dividend ETF 28.5 49 -17 7.4 +1.2
FDEV Fidelity Targeted International Factor ETF 27.7 39 -7 6.2 -0.1
QINT American Century Quality Diversified International ETF 27.4 39 -7 5.7 -0.6
ACWI iShares MSCI ACWI ETF 26.4 32 0 5.0 -1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 26.1 58 -26 6.5 +0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.9 35 -3 7.7 +1.5
IOO iShares Global 100 ETF 25.9 40 -8 4.2 -2.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.5 29 3 7.3 +1.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 25.5 20 12 5.3 -0.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 25.3 20 12 5.3 -1.0
EWJ iShares MSCI Japan ETF 25.2 51 -19 6.0 -0.2
FLJP Franklin FTSE Japan ETF 25.2 9 23 6.5 +0.3
FLJH Franklin FTSE Japan Hedged ETF 25.2 9 23 6.5 +0.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 25.1 45 -13 6.1 -0.2
FIVA Fidelity International Value Factor ETF 25.1 39 -7 8.8 +2.6
BBJP JPMorgan BetaBuilders Japan ETF 25.1 19 13 6.4 +0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.9 25 7 6.2 -0.0
ZJPN SPDR Solactive Japan ETF 24.9 14 18 6.5 +0.2
TOK iShares MSCI Kokusai ETF 24.7 25 7 4.9 -1.4
DTH WisdomTree International High Dividend Fund 24.5 58 -26 8.8 +2.5
IDHQ Invesco S&P International Developed Quality ETF 24.4 29 3 4.7 -1.5
KOKU Xtrackers MSCI Kokusai Equity ETF 24.3 9 23 5.0 -1.2

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 MSCI EAFE 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 10.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.