iShares MSCI EAFE Value ETF
ALTAR
Score™
12.4% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.7x P/Sales
ratio
0.7x
P/BV
ratio
0.7x Div.
yield
6.0%


  • 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 05, 2005
Assets (mns) $4,118
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 508
Wgt avg mkt cap (mns) $46,892
Large cap (>$10bn) 80.7%
Mid cap ($2-10bn) 18.9%
Small cap (<$2bn) 0.3%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 2.6 %
HSBC HOLDINGS PLC 2.2 %
SANOFI-AVENTIS 1.9 %
GLAXOSMITHKLINE PLC 1.8 %
TOTAL SA 1.8 %
NOVARTIS AG-REG 1.7 %
BP PLC 1.6 %
BRITISH AMERICAN TOBACCO PLC 1.5 %
ROYAL DUTCH SHELL PLC-A SHS 1.4 %
COMMONWEALTH BANK OF AUSTRAL 1.3 %
Total 17.6 %

TOP COUNTRY EXPOSURE
JAPAN 26.9 %
BRITAIN 20.1 %
FRANCE 10.1 %
GERMANY 9.4 %
SWITZERLAND 6.4 %
AUSTRALIA 5.8 %
SPAIN 3.8 %
HONG KONG 3.4 %
ITALY 3.3 %
SWEDEN 1.8 %

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.
-28.5% -23.5% -4.1% 0.4% 1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.96 74%
MSCI EAFE 1.10 95%
MSCI Emg. Mkts. 0.86 85%

Technical Indicators
Recent close $34.90
30d moving avg. $38.88
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 32

Liquidity measures
Avg. volume (thou.) 2,764
Turnover 2.3%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $30,528

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™: 12.4%


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
(%)
IDY Pacific Global International Equity Income ETF 63.9 39 0 10.8 -1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 59.1 45 -6 11.3 -1.1
DTH WisdomTree DEFA Equity Income Fund 58.8 58 -19 12.3 -0.1
DOL WisdomTree International LargeCap Dividend Fund 57.0 48 -9 10.8 -1.7
FNDF Schwab Fundamental International Large Co. Index ETF 56.3 25 14 11.1 -1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 54.3 35 4 10.8 -1.7
VYMI Vanguard International High Dividend Yield ETF 53.8 32 7 12.3 -0.2
DWM WisdomTree International Equity Fund 52.7 48 -9 10.6 -1.8
IVLU iShares Edge MSCI Intl Value Factor ETF 51.8 30 9 14.1 +1.6
EFA iShares MSCI EAFE ETF 49.7 32 7 9.0 -3.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 47.9 35 4 8.7 -3.8
JHMD John Hancock Multifactor Developed International ETF 47.8 45 -6 9.3 -3.1
IEV iShares Europe ETF 46.5 59 -20 8.6 -3.8
HFXI IQ 50 Percent Hedged FTSE International ETF 46.4 20 19 9.3 -3.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 45.8 20 19 9.0 -3.4
IQIN IQ 500 International ETF 45.4 25 14 11.1 -1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 44.9 7 32 9.5 -3.0
BBEU JPMorgan BetaBuilders Europe ETF 44.9 9 30 9.1 -3.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 44.7 45 -6 8.2 -4.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 44.6 30 9 8.5 -3.9
IQSI IQ Candriam ESG International Equity ETF 44.2 15 24 9.1 -3.3
FLEE Franklin FTSE Europe ETF 44.1 9 30 8.8 -3.6
FLEH Franklin FTSE Europe Hedged ETF 43.7 9 30 8.7 -3.8
IEFA iShares Core MSCI EAFE ETF 43.1 7 32 9.2 -3.2
ESGD iShares MSCI EAFE ESG Optimized ETF 42.4 20 19 9.0 -3.4
VGK Vanguard FTSE Europe ETF 41.7 8 31 9.3 -3.1
IEUR iShares Core MSCI Europe ETF 41.5 9 30 9.2 -3.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 41.4 14 25 8.6 -3.8
SCHF Schwab International Equity ETF 41.3 6 33 9.3 -3.1
FEU SPDR Portfolio Europe ETF 39.8 9 30 9.1 -3.3
IDEV iShares Core MSCI International Developed Markets ETF 39.5 5 34 9.3 -3.2
QEFA SPDR MSCI EAFE Quality Mix ETF 39.4 30 9 8.2 -4.3
ISDX Invesco Strategic Developed ex-US ETF 39.1 23 16 9.9 -2.6
SPDW SPDR Portfolio Developed World ex-US ETF 39.0 4 35 9.1 -3.3
VEA Vanguard FTSE Developed Markets ETF 37.0 5 34 9.5 -3.0
IPAC iShares Core MSCI Pacific ETF 37.0 9 30 9.4 -3.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 35.1 25 14 8.3 -4.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 34.8 25 14 8.6 -3.9
CWI SPDR MSCI ACWI ex-US ETF 34.8 30 9 9.3 -3.2
VPL Vanguard FTSE Pacific ETF 34.0 8 31 9.8 -2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 33.9 39 0 8.3 -4.1
ISZE iShares Edge MSCI Intl Size Factor ETF 33.9 30 9 9.1 -3.4
PDEV Principal International Multi-Factor Core Index ETF 33.6 25 14 8.5 -3.9
ACWX iShares MSCI ACWI ex U.S. ETF 33.0 32 7 9.4 -3.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 33.0 39 0 11.7 -0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 32.7 29 10 9.4 -3.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 31.8 40 -1 9.0 -3.4
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 31.7 45 -6 9.3 -3.2
VEU Vanguard FTSE All-World ex-US Index Fund 31.6 8 31 9.6 -2.8
CIL Victory CEMP International Volatility Weighted Index ETF 31.6 45 -6 9.2 -3.3
OEUR O'shares FTSE Europe Quality Dividend ETF 31.3 48 -9 7.6 -4.8
EZU iShares MSCI Eurozone ETF 30.9 49 -10 8.9 -3.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 30.7 45 -6 8.7 -3.8
EURZ Xtrackers Eurozone Equity ETF 30.2 9 30 9.2 -3.3
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 30.0 45 -6 14.8 +2.3
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 29.7 48 -9 0.0 -12.4
FIVA Fidelity International Value Factor ETF 29.6 39 0 13.1 +0.7
DOO WisdomTree International Dividend ex-Financials Fund 29.3 58 -19 10.9 -1.6
RFDI First Trust Riverfront Dynamic Developed International ETF 28.8 83 -44 7.9 -4.5
IXUS ishares Core MSCI Total International Stock ETF 28.8 9 30 9.5 -2.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 28.6 35 4 10.7 -1.8
VXUS Vanguard Total International Stock Index Fund 28.6 8 31 9.6 -2.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 28.6 20 19 12.7 +0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 28.4 16 23 8.7 -3.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 28.2 30 9 8.6 -3.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 27.9 29 10 10.6 -1.8
DBJP Xtrackers MSCI Japan Hedged Equity ETF 26.9 45 -6 9.6 -2.9
EWJ iShares MSCI Japan ETF 26.9 49 -10 9.5 -2.9
BBJP JPMorgan BetaBuilders Japan ETF 26.8 19 20 9.8 -2.6
EWJV iShares MSCI Japan Value ETF 26.8 15 24 13.4 +1.0
TPIF Timothy Plan International ETF 26.7 62 -23 8.8 -3.6
FLJP Franklin FTSE Japan ETF 26.3 9 30 9.9 -2.5
FLJH Franklin FTSE Japan Hedged ETF 26.3 9 30 9.9 -2.6
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 26.3 30 9 9.7 -2.7
QJPN SPDR MSCI Japan StrategicFactors ETF 26.2 14 25 10.0 -2.4
FIDI Fidelity International High Dividend ETF 25.9 39 0 16.1 +3.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 25.5 25 14 9.6 -2.9
RBIN Nationwide Risk-Based International Equity ETF 25.4 42 -3 8.4 -4.1
RNDM Developed International Equity Select ETF 25.4 65 -26 8.1 -4.3
DEW WisdomTree Global High Dividend Fund 25.3 58 -19 11.4 -1.1
JPIN JPMorgan Diversified Return International Equity ETF 25.2 38 1 9.8 -2.6
IXG iShares Global Financials ETF 24.8 46 -7 12.5 +0.0
AVDE Avantis International Equity ETF 24.7 23 16 10.2 -2.2
SCID Global X Scientific Beta Europe ETF 24.6 38 1 8.8 -3.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 24.5 24 15 9.1 -3.3
VSGX Vanguard ESG International Stock ETF 24.5 17 22 9.1 -3.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 24.4 20 19 11.1 -1.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 23.8 20 19 6.7 -5.7
JPEU JPMorgan Diversified Return Europe Equity ETF 23.7 37 2 8.6 -3.8
JPGE JPMorgan Diversified Return Global Equity ETF 23.7 29 10 9.2 -3.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 23.5 9 30 9.9 -2.5
JPXN iShares JPX-Nikkei 400 ETF 23.5 48 -9 9.5 -2.9
DGT SPDR Global Dow ETF 23.3 50 -11 8.6 -3.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.9 30 9 7.5 -4.9
IDV iShares International Select Dividend ETF 22.6 49 -10 14.8 +2.4
EUMV iShares Edge MSCI Min Vol Europe ETF 22.2 25 14 6.4 -6.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 22.2 47 -8 15.5 +3.0
IGRO iShares International Dividend Growth ETF 21.4 22 17 9.8 -2.6
RFEU First Trust Riverfront Dynamic Europe ETF 21.2 83 -44 6.3 -6.2

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 9.3 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.