iShares Edge MSCI Min Vol EAFE ETF
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2021E    2022E
P/E
ratio
20.1x P/Sales
ratio
1.6x
P/BV
ratio
1.9x Div.
yield
2.9%


  • 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) $9,591
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 256
Wgt avg mkt cap (mns) $45,839
Large cap (>$10bn) 75.7%
Mid cap ($2-10bn) 24.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 1.6 %
COLOPLAST A/S CLASS B 1.5 %
ROCHE HOLDING AG-GENUSSCHEIN 1.5 %
SWISSCOM AG 1.4 %
GIVAUDAN-REG 1.4 %
HERMES INTERNATIONAL 1.4 %
NOVARTIS AG-REG 1.3 %
NESTLE SA-REG 1.3 %
CHUGAI PHARMACEUTICAL CO LTD 1.3 %
CLP HOLDINGS LTD 1.1 %
Total 13.7 %

TOP COUNTRY EXPOSURE
JAPAN 29.4 %
SWITZERLAND 14.2 %
BRITAIN 8.6 %
HONG KONG 8.3 %
FRANCE 6.2 %
DENMARK 5.6 %
AUSTRALIA 5.1 %
SINGAPORE 3.5 %
GERMANY 3.4 %
NETHERLANDS 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.6% 5.4% 5.7% -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.56 75%
MSCI EAFE 0.62 89%
MSCI Emg. Mkts. 0.46 63%

Technical Indicators
Recent close $71.31
30d moving avg. $73.49
Annualized volatility 11.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 864
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $18,246

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
(%)
DFAI Dimensional International Core Equity Market ETF 52.6 18 2 6.3 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 50.7 30 -10 6.0 +0.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 42.0 80 -60 6.0 +0.8
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 41.5 32 -12 6.0 +0.8
IDLV Invesco S&P International Developed Low Volatility ETF 39.6 25 -5 6.2 +1.1
RBIN Nationwide Risk-Based International Equity ETF 38.7 42 -22 5.9 +0.8
DWMF WisdomTree International Multifactor Fund 32.1 38 -18 6.2 +1.1
DOL WisdomTree International LargeCap Dividend Fund 31.3 48 -28 7.1 +2.0
VWID Virtus WMC International Dividend ETF 31.3 49 -29 7.4 +2.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 31.2 20 0 6.2 +1.1
RESD WisdomTree International ESG Fund 31.1 30 -10 6.4 +1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 31.0 29 -9 7.2 +2.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 30.6 25 -5 6.1 +0.9
DWM WisdomTree International Equity Fund 30.6 48 -28 7.1 +1.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 30.5 40 -20 7.2 +2.0
FDEV Fidelity Targeted International Factor ETF 30.4 39 -19 5.9 +0.8
EFA iShares MSCI EAFE ETF 30.1 32 -12 6.2 +1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 29.9 20 0 6.1 +1.0
CIL VictoryShares International Volatility Weighted Index ETF 29.7 45 -25 6.3 +1.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 29.7 45 -25 6.3 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 29.4 35 -15 6.0 +0.9
GSID Goldman Sachs MarketBeta International Equity ETF 29.3 20 0 6.2 +1.1
BKIE BNY Mellon International Equity ETF 28.6 4 16 6.5 +1.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 28.4 30 -10 7.8 +2.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 28.2 25 -5 6.0 +0.9
JHMD John Hancock Multifactor Developed International ETF 28.2 39 -19 6.4 +1.2
HFXI IQ 50 Percent Hedged FTSE International ETF 28.1 20 0 6.4 +1.3
IQSI IQ Candriam ESG International Equity ETF 27.9 15 5 6.3 +1.1
RNDM First Trust Developed International Equity Select ETF 27.6 65 -45 5.6 +0.5
TPIF Timothy Plan International ETF 27.5 62 -42 5.9 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 27.4 14 6 6.0 +0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 27.4 30 -10 5.4 +0.3
ACWV iShares MSCI Global Min Vol Factor ETF 27.1 20 0 5.7 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 27.0 7 13 6.4 +1.3
IEFA iShares Core MSCI EAFE ETF 26.5 7 13 6.3 +1.2
EFG iShares MSCI EAFE Growth ETF 26.1 40 -20 4.0 -1.1
DMXF iShares ESG Advanced MSCI EAFE ETF 25.8 12 8 5.9 +0.8
PDEV Principal International Multi-Factor Core Index ETF 25.7 25 -5 6.9 +1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 25.7 39 -19 5.6 +0.4
SCHF Schwab International Equity ETF 25.5 6 14 6.4 +1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 25.5 29 -9 7.0 +1.9
JPIN JPMorgan Diversified Return International Equity ETF 24.5 37 -17 6.9 +1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 24.5 45 -25 6.0 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 24.4 5 15 6.3 +1.2
IEV iShares Europe ETF 24.2 59 -39 6.1 +0.9
FLEE Franklin FTSE Europe ETF 24.2 9 11 6.4 +1.2
FLEH Franklin FTSE Europe Hedged ETF 24.1 9 11 6.4 +1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 24.1 35 -15 6.0 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 24.1 9 11 6.6 +1.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 23.6 45 -25 6.1 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 23.1 4 16 6.1 +1.0
ISZE iShares Edge MSCI Intl Size Factor ETF 23.0 30 -10 6.1 +0.9
IEUR iShares Core MSCI Europe ETF 23.0 9 11 6.4 +1.3
VSGX Vanguard ESG International Stock ETF 22.8 17 3 6.3 +1.1
SPEU SPDR Portfolio Europe ETF 22.6 9 11 6.5 +1.3
VEA Vanguard FTSE Developed Markets ETF 22.5 5 15 6.4 +1.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 22.1 24 -4 6.6 +1.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 21.9 51 -31 5.1 0.0
VGK Vanguard FTSE Europe ETF 21.7 8 12 6.5 +1.4
DTH WisdomTree International High Dividend Fund 21.7 58 -38 8.4 +3.2
IDHQ Invesco S&P International Developed Quality ETF 21.6 29 -9 5.1 -0.0
EFV iShares MSCI EAFE Value ETF 21.4 39 -19 8.1 +2.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 21.3 58 -38 6.5 +1.4
CWI SPDR MSCI ACWI ex-US ETF 20.5 30 -10 6.1 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 20.5 32 -12 6.2 +1.1
LVHI Legg Mason International Low Volatility High Dividend ETF 20.4 40 -20 8.9 +3.8
IPAC iShares Core MSCI Pacific ETF 20.4 9 11 6.2 +1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 20.3 48 -28 5.2 +0.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.0 16 4 5.9 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.9 40 -20 6.1 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 19.8 83 -63 5.4 +0.2
IQDE FlexShares International Quality Dividend Defensive Index ET 19.5 47 -27 8.1 +3.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.4 20 0 8.5 +3.4
EWJE iShares MSCI Japan Equal Weighted ETF 19.4 15 5 6.2 +1.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 19.4 25 -5 6.3 +1.1
QWLD SPDR MSCI World StrategicFactors ETF 19.4 30 -10 5.6 +0.4
VEU Vanguard FTSE All-World ex-US Index Fund 19.2 8 12 6.6 +1.4
QINT American Century Quality Diversified International ETF 18.9 39 -19 6.5 +1.3
IDMO Invesco S&P International Developed Momentum ETF 18.8 26 -6 3.7 -1.5
NUDM Nuveen ESG International Developed Markets Equity ETF 18.7 40 -20 5.7 +0.6
EWJ iShares MSCI Japan ETF 18.5 51 -31 6.0 +0.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.5 45 -25 7.3 +2.2
VPL Vanguard FTSE Pacific ETF 18.5 8 12 6.3 +1.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 18.2 30 -10 3.9 -1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.1 45 -25 6.0 +0.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 18.0 58 -38 5.9 +0.7
VIGI Vanguard International Dividend Appreciation ETF 17.9 20 0 4.8 -0.3
IQDG WisdomTree International Quality Dividend Growth Fund 17.9 42 -22 6.0 +0.9
BBJP JPMorgan BetaBuilders Japan ETF 17.8 19 1 6.3 +1.1
ZJPN SPDR Solactive Japan ETF 17.8 14 6 6.5 +1.3
IXUS ishares Core MSCI Total International Stock ETF 17.8 9 11 6.3 +1.2
FNDF Schwab Fundamental International Large Co. Index ETF 17.7 25 -5 7.5 +2.3
FLJP Franklin FTSE Japan ETF 17.5 9 11 6.5 +1.3
JPXN iShares JPX-Nikkei 400 ETF 17.4 48 -28 6.1 +0.9
FLJH Franklin FTSE Japan Hedged ETF 17.3 9 11 6.4 +1.3

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

  2016 2017 2018 2019 2020 2021E 2022E
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
  2020 2021E 2022E
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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

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
1.71 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.