iShares Edge MSCI Min Vol EAFE ETF
ALTAR
Score™
5.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
27.0x P/Sales
ratio
1.7x
P/BV
ratio
1.9x Div.
yield
2.8%


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

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Oct 18, 2011
Assets (mns) $10,724
Currency USD
Expense ratio 20 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 269
Wgt avg mkt cap (mns) $43,283
Large cap (>$10bn) 74.2%
Mid cap ($2-10bn) 25.4%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GIVAUDAN-REG 1.4 %
SWISSCOM AG 1.4 %
NESTLE SA-REG 1.4 %
ZURICH FINANCIAL SERVICES AG 1.4 %
COLOPLAST A/S CLASS B 1.3 %
ROCHE HOLDING AG-GENUSSCHEIN 1.2 %
HERMES INTERNATIONAL 1.2 %
CHUGAI PHARMACEUTICAL CO LTD 1.2 %
NOVARTIS AG-REG 1.1 %
EMS-CHEMIE HOLDING AG-REG 1.1 %
Total 12.6 %

TOP COUNTRY EXPOSURE
JAPAN 29.3 %
SWITZERLAND 14.4 %
BRITAIN 9.2 %
HONG KONG 6.9 %
AUSTRALIA 6.0 %
FRANCE 5.9 %
DENMARK 4.2 %
GERMANY 4.1 %
SINGAPORE 3.0 %
NETHERLANDS 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.8% -9.4% 3.2% -- 5.8%

Market Correlations
versus... Beta R-squared
S&P500 0.53 75%
MSCI EAFE 0.64 90%
MSCI Emg. Mkts. 0.43 64%

Technical Indicators
Recent close $72.02
30d moving avg. $69.26
Annualized volatility 11.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 774
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $14,298

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 95 potential alternatives to the iShares Edge MSCI Min Vol EAFE ETF ETF based on the alternatives' overlap in portfolio holdings with EFAV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFAV Expense: 20 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFAV
Ticker Fund
Name
Overlap1
vs EFAV
(%)
Expense
ratio
(bp)
Savings
vs EFAV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFAV
(%)
QEFA SPDR MSCI EAFE Quality Mix ETF 49.6 30 -10 6.2 +1.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 39.8 32 -12 5.7 +0.6
RBIN Nationwide Risk-Based International Equity ETF 38.1 42 -22 6.1 +1.0
IDLV Invesco S&P International Developed Low Volatility ETF 36.8 25 -5 6.2 +1.1
CIL VictoryShares International Volatility Weighted Index ETF 33.9 45 -25 6.4 +1.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 33.3 20 0 6.5 +1.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 32.9 80 -60 6.2 +1.1
DOL WisdomTree International LargeCap Dividend Fund 32.8 48 -28 8.3 +3.2
EFA iShares MSCI EAFE ETF 32.5 32 -12 6.4 +1.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 32.4 35 -15 6.4 +1.2
VGFO Virtus WMC Global Factor Opportunities ETF 32.1 49 -29 7.4 +2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 32.1 25 -5 6.2 +1.1
ESGD iShares MSCI EAFE ESG Optimized ETF 31.9 20 0 6.3 +1.2
MVIN Natixis Seeyond International Minimum Volatility ETF 31.7 56 -36 5.5 +0.4
DWMF WisdomTree International Multifactor Fund 31.7 38 -18 6.2 +1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.7 35 -15 8.2 +3.1
DWM WisdomTree International Equity Fund 31.7 48 -28 7.9 +2.8
GSID Goldman Sachs MarketBeta International Equity ETF 31.4 20 0 6.7 +1.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 31.4 45 -25 6.4 +1.3
HFXI IQ 50 Percent Hedged FTSE International ETF 31.2 20 0 6.8 +1.7
BKIE BNY Mellon International Equity ETF 30.9 4 16 6.7 +1.6
JHMD John Hancock Multifactor Developed International ETF 30.1 39 -19 6.7 +1.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 29.9 29 -9 7.3 +2.1
RESD WisdomTree International ESG Fund 29.7 30 -10 6.3 +1.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 29.6 7 13 6.8 +1.7
FDEV Fidelity Targeted International Factor ETF 29.5 39 -19 6.2 +1.1
IEFA iShares Core MSCI EAFE ETF 29.1 7 13 6.6 +1.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 28.9 25 -5 6.1 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 28.7 14 6 6.3 +1.2
EFG iShares MSCI EAFE Growth ETF 28.5 40 -20 4.3 -0.8
TPIF Timothy Plan International ETF 28.3 62 -42 6.1 +1.0
IQSI IQ Candriam ESG International Equity ETF 28.3 15 5 6.8 +1.7
SCHF Schwab International Equity ETF 28.2 6 14 6.7 +1.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 27.3 30 -10 5.6 +0.5
RNDM Developed International Equity Select ETF 27.2 65 -45 5.7 +0.6
IDEV iShares Core MSCI International Developed Markets ETF 27.1 5 15 6.6 +1.5
PDEV Principal International Multi-Factor Core Index ETF 26.9 25 -5 7.2 +2.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 26.7 45 -25 6.2 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 26.6 39 -19 6.0 +0.9
FLEH Franklin FTSE Europe Hedged ETF 26.4 9 11 6.7 +1.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 26.3 35 -15 6.2 +1.1
IEV iShares Europe ETF 26.3 59 -39 6.3 +1.2
FLEE Franklin FTSE Europe ETF 26.3 9 11 6.5 +1.4
BBEU JPMorgan BetaBuilders Europe ETF 26.2 9 11 6.8 +1.7
IDY Pacific Global International Equity Income ETF 26.0 39 -19 8.7 +3.6
DMXF iShares ESG Advanced MSCI EAFE ETF 25.8 12 8 6.4 +1.2
SPDW SPDR Portfolio Developed World ex-US ETF 25.7 4 16 6.5 +1.3
ACWV iShares Edge MSCI Min Vol Global ETF 25.5 20 0 5.5 +0.4
VEA Vanguard FTSE Developed Markets ETF 25.3 5 15 6.8 +1.7
IEUR iShares Core MSCI Europe ETF 25.3 9 11 6.7 +1.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.2 29 -9 7.2 +2.1
FEU SPDR Portfolio Europe ETF 24.8 9 11 6.8 +1.7
VGK Vanguard FTSE Europe ETF 24.4 8 12 6.8 +1.7
JPIN JPMorgan Diversified Return International Equity ETF 24.2 37 -17 7.2 +2.1
VSGX Vanguard ESG International Stock ETF 23.9 17 3 6.6 +1.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.8 45 -25 6.1 +1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 23.3 48 -28 6.6 +1.5
DTH WisdomTree DEFA Equity Income Fund 23.2 58 -38 9.3 +4.2
ISZE iShares Edge MSCI Intl Size Factor ETF 23.1 30 -10 6.5 +1.4
ACWX iShares MSCI ACWI ex U.S. ETF 23.1 32 -12 6.7 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.0 40 -20 6.5 +1.4
CWI SPDR MSCI ACWI ex-US ETF 22.8 30 -10 6.6 +1.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 22.5 30 -10 4.3 -0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 22.4 45 -25 7.8 +2.7
IDHQ Invesco S&P International Developed Quality ETF 22.0 29 -9 4.7 -0.4
EFV iShares MSCI EAFE Value ETF 22.0 39 -19 8.5 +3.4
QINT American Century Quality Diversified International ETF 21.7 39 -19 5.9 +0.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 21.7 24 -4 6.6 +1.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.6 16 4 6.3 +1.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.5 47 -27 8.2 +3.1
FNDF Schwab Fundamental International Large Co. Index ETF 21.5 25 -5 7.8 +2.7
VEU Vanguard FTSE All-World ex-US Index Fund 21.3 8 12 6.9 +1.8
IPAC iShares Core MSCI Pacific ETF 20.7 9 11 6.5 +1.4
IXUS ishares Core MSCI Total International Stock ETF 20.3 9 11 6.8 +1.7
LVHI Legg Mason International Low Volatility High Dividend ETF 20.1 40 -20 8.8 +3.7
EUDG WisdomTree Europe Quality Dividend Growth Fund 20.1 58 -38 5.7 +0.6
QWLD SPDR MSCI World StrategicFactors ETF 19.2 30 -10 5.6 +0.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 18.9 30 -10 7.8 +2.7
IQIN IQ 500 International ETF 18.8 25 -5 7.6 +2.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 18.7 20 0 8.8 +3.7
NUDM Nuveen ESG International Developed Markets Equity ETF 18.3 40 -20 6.1 +1.0
VYMI Vanguard International High Dividend Yield ETF 18.2 27 -7 9.3 +4.1
ISDX Invesco Strategic Developed ex-US ETF 18.1 23 -3 6.4 +1.3
VPL Vanguard FTSE Pacific ETF 18.1 8 12 6.7 +1.6
BBJP JPMorgan BetaBuilders Japan ETF 18.1 19 1 6.6 +1.5
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.9 45 -25 6.4 +1.3
EWJE iShares MSCI Japan Equal Weighted ETF 17.9 15 5 6.5 +1.4
EWJ iShares MSCI Japan ETF 17.9 49 -29 6.3 +1.2
VIGI Vanguard International Dividend Appreciation ETF 17.8 20 0 5.2 +0.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 17.7 25 -5 6.5 +1.4
IDMO Invesco S&P International Developed Momentum ETF 17.6 26 -6 3.9 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 17.6 39 -19 7.2 +2.1
VXUS Vanguard Total International Stock Index Fund 17.4 8 12 6.9 +1.8
EFAD ProShares MSCI EAFE Dividend Growers ETF 17.4 51 -31 5.8 +0.7
IGRO iShares International Dividend Growth ETF 17.1 22 -2 7.6 +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 EAFE ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.73 CATEGORY
AVERAGE
1.55
 
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.