iShares Edge MSCI Min Vol EAFE ETF
ALTAR
Score™
6.7% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
1.3x
P/BV
ratio
1.5x Div.
yield
4.0%


  • 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 20, 2011
Assets (mns) $10,121
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 279
Wgt avg mkt cap (mns) $39,816
Large cap (>$10bn) 67.6%
Mid cap ($2-10bn) 32.3%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
NESTLE SA-REG 1.7 %
SWISSCOM AG 1.7 %
NTT DOCOMO, INC. 1.6 %
ZURICH FINANCIAL SERVICES AG 1.4 %
GIVAUDAN-REG 1.3 %
HONGKONG ELECTRIC HOLDINGS 1.2 %
CLP HOLDINGS LTD 1.2 %
NOVARTIS AG-REG 1.2 %
JAPAN REAL ESTATE INVESTMENT 1.1 %
Total 14.4 %

TOP COUNTRY EXPOSURE
JAPAN 29.6 %
SWITZERLAND 14.4 %
BRITAIN 11.1 %
HONG KONG 7.3 %
FRANCE 6.1 %
AUSTRALIA 5.5 %
GERMANY 3.9 %
SINGAPORE 3.3 %
DENMARK 2.8 %
BELGIUM 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.8% -10.1% 2.1% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.59 71%
MSCI EAFE 0.67 88%
MSCI Emg. Mkts. 0.50 73%

Technical Indicators
Recent close $60.64
30d moving avg. $64.60
Annualized volatility 10.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 3,157
Turnover 1.9%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $21,807

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.7%


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 53.1 30 -10 8.2 +1.4
EUMV iShares Edge MSCI Min Vol Europe ETF 49.2 25 -5 6.4 -0.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 44.4 32 -12 7.6 +0.9
RBIN Nationwide Risk-Based International Equity ETF 42.0 42 -22 8.4 +1.6
IDLV Invesco S&P International Developed Low Volatility ETF 40.5 25 -5 8.0 +1.3
MVIN Natixis Seeyond International Minimum Volatility ETF 37.8 55 -35 7.5 +0.8
FDEV Fidelity Targeted International Factor ETF 36.2 39 -19 7.7 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.6 25 -5 8.6 +1.8
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 35.2 20 0 9.0 +2.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 34.9 48 -28 0.0 -6.7
EFA iShares MSCI EAFE ETF 34.8 32 -12 9.0 +2.3
RNDM Developed International Equity Select ETF 34.0 65 -45 8.1 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.9 35 -15 8.7 +1.9
ESGD iShares MSCI EAFE ESG Optimized ETF 33.7 20 0 9.0 +2.3
CIL Victory CEMP International Volatility Weighted Index ETF 33.4 45 -25 9.2 +2.4
DOL WisdomTree International LargeCap Dividend Fund 33.3 48 -28 10.8 +4.0
HFXI IQ 50 Percent Hedged FTSE International ETF 33.2 20 0 9.3 +2.6
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 33.2 45 -25 9.3 +2.5
JHMD John Hancock Multifactor Developed International ETF 33.1 45 -25 9.3 +2.6
IMTM iShares Edge MSCI Intl Momentum Factor ETF 32.6 30 -10 5.9 -0.9
DWMF WisdomTree International Multifactor Fund 32.5 38 -18 8.2 +1.5
DWM WisdomTree International Equity Fund 32.4 48 -28 10.6 +3.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 32.3 39 -19 8.3 +1.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.8 35 -15 10.8 +4.1
IQSI IQ Candriam ESG International Equity ETF 31.8 15 5 9.1 +2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 31.7 7 13 9.5 +2.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 31.5 25 -5 8.3 +1.6
IEFA iShares Core MSCI EAFE ETF 31.3 7 13 9.2 +2.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 30.6 29 -9 9.4 +2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 30.4 14 6 8.6 +1.9
SCHF Schwab International Equity ETF 30.0 6 14 9.3 +2.6
PDEV Principal International Multi-Factor Core Index ETF 29.9 25 -5 8.5 +1.8
EFG iShares MSCI EAFE Growth ETF 29.8 40 -20 5.9 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 29.7 29 -9 10.6 +3.9
JPMV iShares Edge MSCI Min Vol Japan ETF 29.4 30 -10 8.3 +1.6
IDEV iShares Core MSCI International Developed Markets ETF 29.4 5 15 9.3 +2.5
TPIF Timothy Plan International ETF 29.2 62 -42 8.8 +2.1
SPDW SPDR Portfolio Developed World ex-US ETF 28.9 4 16 9.1 +2.4
ACWV iShares Edge MSCI Min Vol Global ETF 28.7 20 0 6.7 +0.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 28.4 45 -25 8.2 +1.5
IEV iShares Europe ETF 28.2 59 -39 8.6 +1.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 28.1 30 -10 7.5 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 28.0 9 11 9.1 +2.4
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 28.0 30 -10 8.5 +1.8
FLEE Franklin FTSE Europe ETF 28.0 9 11 8.8 +2.1
FLEH Franklin FTSE Europe Hedged ETF 27.9 9 11 8.7 +1.9
ISZE iShares Edge MSCI Intl Size Factor ETF 27.6 30 -10 9.1 +2.4
JPIN JPMorgan Diversified Return International Equity ETF 27.4 38 -18 9.8 +3.1
VEA Vanguard FTSE Developed Markets ETF 27.3 5 15 9.5 +2.7
IEUR iShares Core MSCI Europe ETF 27.2 9 11 9.2 +2.4
IDMO Invesco S&P International Developed Momentum ETF 27.1 25 -5 5.7 -1.0
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 26.9 30 -10 8.6 +1.9
FEU SPDR Portfolio Europe ETF 26.5 9 11 9.1 +2.4
VGK Vanguard FTSE Europe ETF 26.5 8 12 9.3 +2.6
CWI SPDR MSCI ACWI ex-US ETF 26.3 30 -10 9.3 +2.5
RFDI First Trust Riverfront Dynamic Developed International ETF 26.1 83 -63 7.9 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 25.9 45 -25 11.3 +4.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 25.8 45 -25 8.8 +2.0
FNDF Schwab Fundamental International Large Co. Index ETF 25.7 25 -5 11.1 +4.4
ACWX iShares MSCI ACWI ex U.S. ETF 25.7 32 -12 9.4 +2.7
SCID Global X Scientific Beta Europe ETF 25.7 38 -18 8.8 +2.1
IQIN IQ 500 International ETF 25.5 25 -5 11.1 +4.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.1 35 -15 10.7 +3.9
JPEU JPMorgan Diversified Return Europe Equity ETF 25.0 37 -17 8.6 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 24.9 40 -20 9.0 +2.3
IDY Pacific Global International Equity Income ETF 24.8 39 -19 10.8 +4.1
OEUR O'shares FTSE Europe Quality Dividend ETF 24.7 48 -28 7.6 +0.9
JPGE JPMorgan Diversified Return Global Equity ETF 24.3 29 -9 9.2 +2.5
VEU Vanguard FTSE All-World ex-US Index Fund 24.1 8 12 9.6 +2.9
EFV iShares MSCI EAFE Value ETF 23.8 39 -19 12.4 +5.7
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 23.8 16 4 8.7 +2.0
ISDX Invesco Strategic Developed ex-US ETF 23.4 23 -3 9.9 +3.2
VSGX Vanguard ESG International Stock ETF 23.2 17 3 9.1 +2.4
IXUS ishares Core MSCI Total International Stock ETF 22.9 9 11 9.5 +2.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 22.9 80 -60 6.9 +0.2
SCIJ Global X Scientific Beta Japan ETF 22.7 39 -19 8.8 +2.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 22.7 24 -4 9.1 +2.4
DTH WisdomTree DEFA Equity Income Fund 22.7 58 -38 12.3 +5.6
VXUS Vanguard Total International Stock Index Fund 22.3 8 12 9.6 +2.9
QWLD SPDR MSCI World StrategicFactors ETF 21.8 30 -10 7.5 +0.7
DDEZ WisdomTree Europe Multifactor Fund 21.6 43 -23 8.4 +1.7
IDHQ Invesco S&P International Developed High Quality ETF 21.4 29 -9 6.6 -0.2
QINT American Century Quality Diversified International ETF 20.9 39 -19 7.6 +0.8
IPAC iShares Core MSCI Pacific ETF 20.9 9 11 9.4 +2.6
DOO WisdomTree International Dividend ex-Financials Fund 20.9 58 -38 10.9 +4.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 20.5 39 -19 11.7 +5.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 20.0 47 -27 15.5 +8.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.0 20 0 11.1 +4.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 19.9 50 -30 8.1 +1.4
RFEU First Trust Riverfront Dynamic Europe ETF 19.9 83 -63 6.3 -0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 19.6 40 -20 8.5 +1.8
VYMI Vanguard International High Dividend Yield ETF 19.5 32 -12 12.3 +5.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 19.1 25 -5 9.6 +2.8
VIGI Vanguard International Dividend Appreciation ETF 18.7 25 -5 7.1 +0.4
IGRO iShares International Dividend Growth ETF 18.6 22 -2 9.8 +3.1
VPL Vanguard FTSE Pacific ETF 18.1 8 12 9.8 +3.1
EWJE iShares MSCI Japan Equal Weighted ETF 17.9 15 5 9.0 +2.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 17.9 20 0 12.7 +6.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 17.7 29 -9 14.6 +7.9

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 1.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.74 CATEGORY
AVERAGE
1.58
 
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.