iShares MSCI EAFE Value ETF
ALTAR
Score™
9.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
16.2x P/Sales
ratio
0.8x
P/BV
ratio
0.9x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EAFE Value Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Value Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Aug 01, 2005
Assets (mns) $5,722
Currency USD
Expense ratio 39 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 548
Wgt avg mkt cap (mns) $49,789
Large cap (>$10bn) 82.0%
Mid cap ($2-10bn) 17.8%
Small cap (<$2bn) 0.1%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NOVARTIS AG-REG 3.0 %
TOYOTA MOTOR CORP 2.2 %
SANOFI-AVENTIS 1.7 %
SIEMENS AG-REG 1.5 %
GLAXOSMITHKLINE PLC 1.5 %
TOTAL SA 1.3 %
BRITISH AMERICAN TOBACCO PLC 1.2 %
COMMONWEALTH BANK OF AUSTRAL 1.2 %
ALLIANZ SE-REG 1.2 %
BHP BILLITON LTD 1.2 %
Total 16.0 %

TOP COUNTRY EXPOSURE
JAPAN 25.8 %
BRITAIN 16.9 %
GERMANY 12.2 %
FRANCE 10.4 %
SWITZERLAND 7.9 %
AUSTRALIA 7.0 %
ITALY 3.2 %
SPAIN 3.1 %
HONG KONG 2.6 %
SWEDEN 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.8% -4.0% 0.6% 3.2% 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.86 72%
MSCI EAFE 1.07 94%
MSCI Emg. Mkts. 0.76 75%

Technical Indicators
Recent close $39.85
30d moving avg. $41.92
Annualized volatility 17.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 1,057
Turnover 0.7%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $15,711

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI EAFE Value ETF ETF based on the alternatives' overlap in portfolio holdings with EFV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EFV Expense: 39 bp ALTAR Score™: 9.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EFV
Ticker Fund
Name
Overlap1
vs EFV
(%)
Expense
ratio
(bp)
Savings
vs EFV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EFV
(%)
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 60.3 45 -6 9.1 -0.8
IDY Pacific Global International Equity Income ETF 60.3 39 0 8.1 -1.8
FNDF Schwab Fundamental International Large Co. Index ETF 58.0 25 14 8.9 -1.0
DOL WisdomTree International LargeCap Dividend Fund 54.5 48 -9 8.8 -1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 53.5 35 4 8.7 -1.2
DWM WisdomTree International Equity Fund 52.9 48 -9 8.5 -1.5
IVLU iShares Edge MSCI Intl Value Factor ETF 52.3 30 9 11.7 +1.8
EFA iShares MSCI EAFE ETF 51.8 32 7 7.1 -2.8
JHMD John Hancock Multifactor Developed International ETF 51.5 39 0 7.5 -2.4
VYMI Vanguard International High Dividend Yield ETF 51.2 27 12 10.5 +0.6
IEV iShares Europe ETF 50.3 59 -20 7.0 -2.9
GSID Goldman Sachs MarketBeta International Equity ETF 50.1 20 19 7.4 -2.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 49.5 35 4 6.9 -3.0
BBEU JPMorgan BetaBuilders Europe ETF 48.8 9 30 7.5 -2.4
DTH WisdomTree DEFA Equity Income Fund 48.8 58 -19 10.1 +0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 48.6 30 9 0.0 -9.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 48.1 20 19 7.1 -2.8
HFXI IQ 50 Percent Hedged FTSE International ETF 48.0 20 19 7.5 -2.4
IQIN IQ 500 International ETF 46.9 25 14 8.8 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 46.7 45 -6 6.7 -3.2
FLEE Franklin FTSE Europe ETF 46.7 9 30 7.2 -2.7
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 46.3 35 4 7.0 -2.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 46.0 7 32 7.6 -2.3
ESGD iShares MSCI EAFE ESG Optimized ETF 46.0 20 19 7.0 -2.9
BKIE BNY Mellon International Equity ETF 45.3 4 35 7.4 -2.5
IQSI IQ Candriam ESG International Equity ETF 45.1 15 24 7.4 -2.5
ISDX Invesco Strategic Developed ex-US ETF 44.9 23 16 7.5 -2.4
IEFA iShares Core MSCI EAFE ETF 44.5 7 32 7.4 -2.5
IEUR iShares Core MSCI Europe ETF 44.3 9 30 7.4 -2.5
FLEH Franklin FTSE Europe Hedged ETF 44.1 9 30 7.2 -2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 43.8 14 25 7.0 -2.9
VGK Vanguard FTSE Europe ETF 43.5 8 31 7.6 -2.4
SCHF Schwab International Equity ETF 42.5 6 33 7.4 -2.5
PDEV Principal International Multi-Factor Core Index ETF 42.4 25 14 8.0 -1.9
FEU SPDR Portfolio Europe ETF 42.3 9 30 7.4 -2.5
QEFA SPDR MSCI EAFE Quality Mix ETF 41.8 30 9 6.9 -3.0
ISZE iShares Edge MSCI Intl Size Factor ETF 40.0 30 9 7.3 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 39.8 5 34 7.3 -2.6
SPDW SPDR Portfolio Developed World ex-US ETF 39.7 4 35 7.2 -2.7
VEA Vanguard FTSE Developed Markets ETF 38.1 5 34 7.5 -2.4
IPAC iShares Core MSCI Pacific ETF 36.3 9 30 7.2 -2.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 35.9 39 0 6.6 -3.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.8 25 14 6.7 -3.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 34.8 29 10 7.6 -2.3
CWI SPDR MSCI ACWI ex-US ETF 34.4 30 9 7.3 -2.6
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 34.4 25 14 6.5 -3.4
EZU iShares MSCI Eurozone ETF 34.3 49 -10 6.8 -3.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 34.0 45 -6 6.9 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 33.8 32 7 7.4 -2.5
VPL Vanguard FTSE Pacific ETF 33.6 8 31 7.5 -2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 33.6 39 0 8.4 -1.5
CIL VictoryShares International Volatility Weighted Index ETF 33.4 45 -6 6.7 -3.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.3 45 -6 6.7 -3.2
EURZ Xtrackers Eurozone Equity ETF 33.0 9 30 7.2 -2.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 32.6 40 -1 7.1 -2.8
VEU Vanguard FTSE All-World ex-US Index Fund 32.0 8 31 7.7 -2.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 31.8 30 9 0.0 -9.9
OEUR O'shares FTSE Europe Quality Dividend ETF 30.7 48 -9 6.8 -3.1
VGFO Virtus WMC Global Factor Opportunities ETF 30.2 49 -10 8.1 -1.8
IXUS ishares Core MSCI Total International Stock ETF 28.7 9 30 7.5 -2.4
AVDE Avantis International Equity ETF 28.4 23 16 7.7 -2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 28.2 16 23 7.0 -2.9
VXUS Vanguard Total International Stock Index Fund 28.1 8 31 7.7 -2.2
FIVA Fidelity International Value Factor ETF 27.7 39 0 9.9 -0.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 27.4 20 19 11.6 +1.7
VSGX Vanguard ESG International Stock ETF 27.1 17 22 7.2 -2.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 27.0 24 15 7.1 -2.8
DOO WisdomTree International Dividend ex-Financials Fund 26.5 58 -19 9.0 -0.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.4 35 4 8.7 -1.2
RNDM Developed International Equity Select ETF 26.0 65 -26 6.3 -3.6
DBJP Xtrackers MSCI Japan Hedged Equity ETF 25.8 45 -6 7.0 -2.9
EWJ iShares MSCI Japan ETF 25.8 49 -10 6.9 -3.0
TPIF Timothy Plan International ETF 25.8 62 -23 6.3 -3.6
BBJP JPMorgan BetaBuilders Japan ETF 25.7 19 20 7.2 -2.7
EWJV iShares MSCI Japan Value ETF 25.7 15 24 10.1 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.4 29 10 7.7 -2.2
QJPN SPDR MSCI Japan StrategicFactors ETF 25.2 14 25 7.4 -2.5
FLJP Franklin FTSE Japan ETF 25.1 9 30 7.4 -2.5
FLJH Franklin FTSE Japan Hedged ETF 25.1 9 30 7.4 -2.5
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 25.1 30 9 0.0 -9.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 24.8 20 19 9.9 +0.0
SCID Global X Scientific Beta Europe ETF 24.7 39 0 6.5 -3.4
JPIN JPMorgan Diversified Return International Equity ETF 24.7 37 2 7.9 -2.0
IGRO iShares International Dividend Growth ETF 24.6 22 17 8.2 -1.7
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 24.5 45 -6 10.3 +0.4
DEW WisdomTree Global High Dividend Fund 24.4 58 -19 9.9 -0.0
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.3 25 14 7.1 -2.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.8 20 19 5.5 -4.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.5 30 9 6.1 -3.9
JPXN iShares JPX-Nikkei 400 ETF 22.5 48 -9 7.0 -2.9
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 22.3 9 30 7.5 -2.4
IXG iShares Global Financials ETF 22.1 46 -7 10.6 +0.7
FEZ SPDR EURO STOXX 50 ETF 21.3 29 10 7.4 -2.5
EWJE iShares MSCI Japan Equal Weighted ETF 21.2 15 24 7.1 -2.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 20.8 47 -8 9.3 -0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.2 45 -6 7.1 -2.8
DGT SPDR Global Dow ETF 20.2 50 -11 6.9 -3.0
IDLV Invesco S&P International Developed Low Volatility ETF 20.1 25 14 6.6 -3.3
NUDM Nuveen ESG International Developed Markets Equity ETF 19.7 40 -1 6.8 -3.1

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 Value ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.9 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.57
 
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.