iShares MSCI Israel ETF
ALTAR
Score™
8.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.9x P/Sales
ratio
2.2x
P/BV
ratio
1.4x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Israel Capped Investable Market Index Fund seeks investment results that correspond to the performance of the MSCI Israel Capped Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 28, 2008
Assets (mns) $112
Currency USD
Expense ratio 59 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 75
Wgt avg mkt cap (mns) $7,463
Large cap (>$10bn) 40.1%
Mid cap ($2-10bn) 35.4%
Small cap (<$2bn) 24.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CHECK POINT SOFTWARE TECH 11.2 %
TEVA PHARMACEUTICAL-SP ADR 11.0 %
NICE SYSTEMS LTD 9.0 %
WIX.COM LTD 7.6 %
BANK LEUMI LE-ISRAEL 6.6 %
BANK HAPOALIM BM 5.8 %
ISRAEL DISCOUNT BANK-A 3.3 %
CYBERARK SOFTWARE LTD. 3.1 %
ELBIT SYSTEMS LTD 3.0 %
MIZRAHI TEFAHOT BANK LTD 2.5 %
Total 63.1 %

TOP COUNTRY EXPOSURE
ISRAEL 96.6 %
UNITED STATES 0.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.9% 3.5% 2.3% 2.7% 2.8%

Market Correlations
versus... Beta R-squared
S&P500 1.12 80%
MSCI EAFE 1.07 62%
MSCI Emg. Mkts. 0.77 50%

Technical Indicators
Recent close $53.36
30d moving avg. $50.87
Annualized volatility 21.2%
Short interest (ETF) 1.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.4%
Bid/Ask (% of price) 0.78%
ADV underlying (mns) $757

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI Israel ETF ETF based on the alternatives' overlap in portfolio holdings with EIS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EIS Expense: 59 bp ALTAR Score™: 8.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EIS
Ticker Fund
Name
Overlap1
vs EIS
(%)
Expense
ratio
(bp)
Savings
vs EIS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EIS
(%)
ISRA VanEck Vectors Israel ETF 57.5 60 -1 7.1 -1.8
ITEQ BlueStar Israel Technology ETF 36.2 75 -16 1.1 -7.7
IZRL ARK Israel Innovative Technology ETF 21.9 49 10 0.4 -8.4
BUG Global X Cybersecurity ETF 9.5 50 9 1.3 -7.6
PXQ Invesco Dynamic Networking ETF 7.2 63 -4 2.8 -6.0
IHAK iShares Cybersecurity & Tech ETF 6.7 47 12 3.7 -5.1
HACK ETFMG Prime Cyber Security ETF 5.7 60 -1 3.1 -5.7
PPH VanEck Vectors Pharmaceutical ETF 5.6 36 23 10.1 +1.2
CIBR First Trust NASDAQ CEA Cybersecurity ETF 5.4 60 -1 3.0 -5.8
MVIN Natixis Seeyond International Minimum Volatility ETF 4.9 55 4 5.8 -3.1
FITE SPDR Kensho Future Security ETF 4.2 45 14 3.7 -5.2
IFLY ETFMG Drone Economy Strategy ETF 4.2 75 -16 2.4 -6.5
CWS AdvisorShares Focused Equity ETF 4.1 85 -26 5.4 -3.4
AIIQ AI Powered International Equity ETF 4.0 79 -20 4.1 -4.7
DWMF WisdomTree International Multifactor Fund 3.4 38 21 6.8 -2.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 3.3 35 24 8.6 -0.2
XITK SPDR FactSet Innovative Technology ETF 3.1 45 14 0.4 -8.4
IDLB Invesco FTSE International Low Beta Equal Weight ETF 2.6 45 14 7.2 -1.6
BUYZ Franklin Disruptive Commerce ETF 2.5 50 9 -0.1 -9.0
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 2.5 57 2 5.0 -3.8
SOIL Global X Fertilizers/Potash ETF 2.3 69 -10 5.2 -3.6
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 59 0 4.2 -4.6
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 2.0 43 16 8.7 -0.1
DLS WisdomTree International SmallCap Dividend Fund 2.0 58 1 8.5 -0.4
DTEC ALPS Disruptive Technologies ETF 2.0 50 9 3.5 -5.3
WWJD Inspire International ESG ETF 1.8 80 -21 7.6 -1.2
IDLV Invesco S&P International Developed Low Volatility ETF 1.7 25 34 6.9 -2.0
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 -20 9.7 +0.8
GDAT Goldman Sachs Motif Data-Driven World Etf 1.7 50 9 5.2 -3.7
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 1.6 65 -6 3.8 -5.1
SCZ iShares MSCI Eafe Small-Cap ETF 1.6 40 19 6.5 -2.3
PPA Invesco Aerospace & Defense ETF 1.6 59 0 5.5 -3.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 1.6 20 39 5.9 -2.9
PIZ Invesco DWA Developed Markets Momentum ETF 1.5 80 -21 4.3 -4.5
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 1.5 80 -21 10.4 +1.6
GWX SPDR S&P International Small Cap ETF 1.5 40 19 5.8 -3.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.4 49 10 6.9 -2.0
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 1.4 30 29 7.4 -1.5
PZD Invesco Cleantech ETF 1.4 68 -9 4.7 -4.2
ISZE iShares Edge MSCI Intl Size Factor ETF 1.3 30 29 6.9 -1.9
FTAG First Trust Indxx Global Agriculture ETF 1.3 70 -11 6.3 -2.5
PLCY EventShares U.S. Legislative Opportunities ETF 1.2 75 -16 3.7 -5.2
OGIG O'Shares Global Internet Giants ETF 1.2 48 11 0.5 -8.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 1.2 24 35 7.2 -1.6
FDNI First Trust Dow Jones International Internet ETF 1.2 65 -6 2.8 -6.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 1.2 61 -2 5.0 -3.8
DRW WisdomTree Global ex-US Real Estate Fund 1.2 58 1 10.6 +1.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 1.2 29 30 12.2 +3.4
NUDM Nuveen ESG International Developed Markets Equity ETF 1.2 40 19 6.9 -2.0
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.2 10 49 9.1 +0.2
TPIF Timothy Plan International ETF 1.2 62 -3 7.0 -1.8
QLV FlexShares US Quality Low Volatility Index Fund 1.1 22 37 5.1 -3.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.1 29 30 8.6 -0.2
WPS iShares International Developed Property ETF 1.1 48 11 7.8 -1.1
WCLD WisdomTree Cloud Computing Fund 1.1 45 14 2.3 -6.6
GBUY Goldman Sachs Motif New Age Consumer ETF 1.1 50 9 2.1 -6.7
ARKQ Ark Industrial Innovation ETF 1.1 75 -16 0.7 -8.1
FTRI First Trust Indxx Global Natural Resources Income ETF 1.1 70 -11 11.0 +2.2
QTUM Defiance Quantum ETF 1.1 40 19 5.3 -3.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 1.0 32 27 6.5 -2.3
FVL First Trust Value Line 100 Exchange-Traded Fund 1.0 70 -11 4.9 -4.0
IVLU iShares Edge MSCI Intl Value Factor ETF 1.0 30 29 11.3 +2.5
VIDI Vident International Equity Fund 1.0 59 0 11.3 +2.5
AVDV Avantis International Small Cap Value ETF 1.0 36 23 7.6 -1.2
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 1.0 60 -1 4.1 -4.8
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 1.0 35 24 4.3 -4.5
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 20 7.1 -1.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.9 25 34 6.8 -2.0
VEGI iShares MSCI Global Agriculture Producers ETF 0.9 39 20 5.9 -2.9
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 0.9 80 -21 6.0 -2.8
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 0.9 125 -66 -2.9 -11.7
VRAI Virtus Real Asset Income ETF 0.9 55 4 10.6 +1.8
BLES Inspire Global Hope Large Cap ETF 0.8 61 -2 6.2 -2.6
VNQI Vanguard Global ex-US Real Estate Index Fund 0.8 12 47 9.9 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 0.8 30 29 6.8 -2.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 0.8 29 30 8.1 -0.8
IEFA iShares Core MSCI EAFE ETF 0.8 7 52 7.3 -1.5
CIL VictoryShares International Volatility Weighted Index ETF 0.8 45 14 6.7 -2.1
FVAL Fidelity Value Factor ETF 0.7 29 30 8.0 -0.9
IDEV iShares Core MSCI International Developed Markets ETF 0.7 5 54 7.3 -1.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.7 47 12 12.7 +3.9
FDEV Fidelity Targeted International Factor ETF 0.7 39 20 6.5 -2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.7 39 20 9.1 +0.3
FDLO Fidelity Low Volatility Factor ETF 0.7 29 30 5.2 -3.6
PNQI Invesco NASDAQ Internet ETF 0.7 62 -3 1.2 -7.6
SPDW SPDR Portfolio Developed World ex-US ETF 0.7 4 55 7.2 -1.6
DIM WisdomTree International MidCap Dividend Fund 0.7 58 1 7.6 -1.2
SCHC Schwab International Small-Cap Equity ETF 0.7 12 47 6.9 -1.9
EFG iShares MSCI EAFE Growth ETF 0.7 40 19 4.7 -4.1
EFA iShares MSCI EAFE ETF 0.6 32 27 7.2 -1.7
EFV iShares MSCI EAFE Value ETF 0.6 39 20 10.0 +1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.6 35 24 7.0 -1.8
LGLV SPDR Russell 1000 Low Volatility ETF 0.6 12 47 5.5 -3.3
RFEU First Trust Riverfront Dynamic Europe ETF 0.6 83 -24 5.0 -3.8
IDMO Invesco S&P International Developed Momentum ETF 0.6 25 34 4.7 -4.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.6 20 39 7.3 -1.5
FQAL Fidelity Quality Factor ETF 0.6 29 30 5.4 -3.4
IDHQ Invesco S&P International Developed High Quality ETF 0.6 29 30 5.4 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.6 39 20 6.7 -2.1
QLC FlexShares US Quality Large Cap Index Fund 0.6 32 27 5.5 -3.3

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

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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.59
 
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.