iShares MSCI EAFE Value ETF
ALTAR
Score™
8.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
18.8x P/Sales
ratio
1.0x
P/BV
ratio
1.0x Div.
yield
3.4%


  • 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) $6,772
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) $47,559
Large cap (>$10bn) 81.3%
Mid cap ($2-10bn) 18.3%
Small cap (<$2bn) 0.1%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NOVARTIS AG-REG 2.6 %
TOYOTA MOTOR CORP 2.0 %
SANOFI-AVENTIS 1.5 %
COMMONWEALTH BANK OF AUSTRAL 1.4 %
HSBC HOLDINGS PLC 1.4 %
TOTAL SA 1.3 %
SIEMENS AG-REG 1.3 %
ALLIANZ SE-REG 1.3 %
GLAXOSMITHKLINE PLC 1.2 %
BRITISH AMERICAN TOBACCO PLC 1.1 %
Total 15.1 %

TOP COUNTRY EXPOSURE
JAPAN 24.1 %
BRITAIN 17.3 %
GERMANY 11.7 %
FRANCE 10.5 %
SWITZERLAND 7.5 %
AUSTRALIA 7.4 %
SPAIN 3.4 %
ITALY 3.2 %
HONG KONG 2.5 %
SWEDEN 1.9 %

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.
-21.2% -18.3% -1.1% 1.1% 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.85 73%
MSCI EAFE 1.06 94%
MSCI Emg. Mkts. 0.76 74%

Technical Indicators
Recent close $47.16
30d moving avg. $42.40
Annualized volatility 17.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 1,717
Turnover 1.2%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $23,614

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.5%


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 59.8 45 -6 7.8 -0.7
IDY Pacific Global International Equity Income ETF 58.6 39 0 8.7 +0.2
FNDF Schwab Fundamental International Large Co. Index ETF 57.7 25 14 7.8 -0.7
EFA iShares MSCI EAFE ETF 52.4 32 7 6.4 -2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 51.9 35 4 6.4 -2.1
IEV iShares Europe ETF 51.6 59 -20 6.3 -2.2
IVLU iShares Edge MSCI Intl Value Factor ETF 51.5 30 9 10.3 +1.8
VYMI Vanguard International High Dividend Yield ETF 51.5 27 12 9.3 +0.8
GSID Goldman Sachs MarketBeta International Equity ETF 50.4 20 19 6.7 -1.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 50.2 45 -6 6.2 -2.3
JHMD John Hancock Multifactor Developed International ETF 49.9 39 0 6.7 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 49.8 9 30 6.8 -1.7
HFXI IQ 50 Percent Hedged FTSE International ETF 48.9 20 19 6.8 -1.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 48.8 20 19 6.5 -2.0
FLEH Franklin FTSE Europe Hedged ETF 48.3 9 30 6.7 -1.8
FLEE Franklin FTSE Europe ETF 48.0 9 30 6.5 -2.0
DWM WisdomTree International Equity Fund 47.5 48 -9 7.9 -0.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 47.4 35 4 6.2 -2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 47.3 35 4 8.2 -0.3
IQSI IQ Candriam ESG International Equity ETF 47.3 15 24 6.8 -1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 46.8 20 19 6.3 -2.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 46.6 7 32 6.8 -1.7
DOL WisdomTree International LargeCap Dividend Fund 46.4 48 -9 8.3 -0.2
IQIN IQ 500 International ETF 46.0 25 14 7.6 -0.9
BKIE BNY Mellon International Equity ETF 45.8 4 35 6.7 -1.7
IEFA iShares Core MSCI EAFE ETF 45.2 7 32 6.6 -1.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 45.1 14 25 6.3 -2.2
IEUR iShares Core MSCI Europe ETF 44.9 9 30 6.7 -1.8
VGK Vanguard FTSE Europe ETF 44.8 8 31 6.8 -1.7
QEFA SPDR MSCI EAFE Quality Mix ETF 44.1 30 9 6.2 -2.2
DTH WisdomTree DEFA Equity Income Fund 43.8 58 -19 9.3 +0.8
ISDX Invesco Strategic Developed ex-US ETF 43.5 23 16 6.4 -2.1
FEU SPDR Portfolio Europe ETF 43.4 9 30 6.8 -1.7
SCHF Schwab International Equity ETF 43.2 6 33 6.7 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 41.6 5 34 6.6 -1.9
PDEV Principal International Multi-Factor Core Index ETF 41.0 25 14 7.2 -1.3
ISZE iShares Edge MSCI Intl Size Factor ETF 40.3 30 9 6.5 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 39.8 4 35 6.5 -2.0
VEA Vanguard FTSE Developed Markets ETF 38.7 5 34 6.8 -1.7
DMXF iShares ESG Advanced MSCI EAFE ETF 37.4 12 27 6.4 -2.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 35.9 29 10 7.2 -1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 35.9 25 14 6.2 -2.3
IPAC iShares Core MSCI Pacific ETF 35.1 9 30 6.5 -2.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 35.0 39 0 6.0 -2.5
CIL VictoryShares International Volatility Weighted Index ETF 34.9 45 -6 6.4 -2.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 34.9 25 14 6.1 -2.4
EZU iShares MSCI Eurozone ETF 34.6 49 -10 6.0 -2.5
CWI SPDR MSCI ACWI ex-US ETF 34.3 30 9 6.6 -1.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 34.1 45 -6 6.1 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 34.1 32 7 6.7 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 34.0 40 -1 6.5 -2.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 33.2 45 -6 6.4 -2.1
VPL Vanguard FTSE Pacific ETF 33.0 8 31 6.7 -1.8
EURZ Xtrackers Eurozone Equity ETF 32.9 9 30 6.4 -2.1
VEU Vanguard FTSE All-World ex-US Index Fund 31.9 8 31 6.9 -1.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 31.8 39 0 7.2 -1.3
RESD WisdomTree International ESG Fund 30.5 30 9 6.3 -2.2
VSGX Vanguard ESG International Stock ETF 29.9 17 22 6.6 -1.9
OEUR O'shares FTSE Europe Quality Dividend ETF 29.6 48 -9 6.6 -1.9
IXUS ishares Core MSCI Total International Stock ETF 29.5 9 30 6.8 -1.7
AVDE Avantis International Equity ETF 29.4 23 16 7.0 -1.5
VGFO Virtus WMC Global Factor Opportunities ETF 29.3 49 -10 7.4 -1.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 28.9 16 23 6.3 -2.2
TPIF Timothy Plan International ETF 27.6 62 -23 6.1 -2.4
FIVA Fidelity International Value Factor ETF 27.0 39 0 9.0 +0.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 26.1 20 19 10.3 +1.8
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.9 35 4 8.1 -0.4
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 25.9 24 15 6.6 -1.9
VXUS Vanguard Total International Stock Index Fund 25.5 8 31 6.9 -1.6
JPIN JPMorgan Diversified Return International Equity ETF 24.8 37 2 7.2 -1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 24.5 29 10 7.3 -1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.1 45 -6 6.4 -2.1
EWJ iShares MSCI Japan ETF 24.1 49 -10 6.3 -2.2
BBJP JPMorgan BetaBuilders Japan ETF 24.0 19 20 6.6 -1.9
EWJV iShares MSCI Japan Value ETF 24.0 15 24 9.1 +0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 23.9 20 19 8.8 +0.3
IXG iShares Global Financials ETF 23.9 46 -7 8.7 +0.2
FLJP Franklin FTSE Japan ETF 23.4 9 30 6.7 -1.7
FLJH Franklin FTSE Japan Hedged ETF 23.4 9 30 6.8 -1.7
QJPN SPDR MSCI Japan StrategicFactors ETF 23.1 14 25 6.8 -1.7
IGRO iShares International Dividend Growth ETF 23.1 22 17 7.6 -0.9
DGT SPDR Global Dow ETF 23.1 50 -11 6.4 -2.0
DOO WisdomTree International Dividend ex-Financials Fund 22.8 58 -19 8.4 -0.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.6 30 9 5.6 -2.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 22.5 25 14 6.5 -2.0
DEW WisdomTree Global High Dividend Fund 22.3 58 -19 8.9 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.0 20 19 5.1 -3.4
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 21.3 45 -6 9.8 +1.4
JPXN iShares JPX-Nikkei 400 ETF 20.9 48 -9 6.4 -2.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 20.8 9 30 6.8 -1.7
RNDM Developed International Equity Select ETF 20.6 65 -26 5.7 -2.7
FEZ SPDR EURO STOXX 50 ETF 20.4 29 10 6.2 -2.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 20.3 47 -8 8.2 -0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 20.1 40 -1 6.1 -2.4
EWJE iShares MSCI Japan Equal Weighted ETF 19.9 15 24 6.5 -2.0
QWLD SPDR MSCI World StrategicFactors ETF 19.5 30 9 5.6 -2.9
FIDI Fidelity International High Dividend ETF 19.2 39 0 10.1 +1.6
IQDY FlexShares International Quality Dividend Dynamic Index Fund 18.8 47 -8 8.3 -0.2

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 8.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.