iShares MSCI Norway ETF
ALTAR
Score™		 10.0% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 11.6x P/Sales
ratio		 1.4x
P/BV
ratio		 1.5x Div.
yield		 4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Norway Capped Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 23, 2012
Assets (mns) $42
Currency USD
Expense ratio 53 bp
Distributions Semi-Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 58
Wgt avg mkt cap (mns) $23,125
Large cap (>$10bn) 56.6%
Mid cap ($2-10bn) 30.0%
Small cap (<$2bn) 12.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DNB BANK ASA 13.4 %
STATOILHYDRO ASA 11.5 %
KONGSBERG GRUPPEN 9.0 %
TELENOR ASA 5.2 %
MARINE HARVEST 4.8 %
NORSK HYDRO ASA 4.4 %
DET NORSKE OLJESELSKAP ASA 4.4 %
ORKLA ASA 4.1 %
YARA INTERNATIONAL ASA 3.3 %
STOREBRAND ASA 3.2 %
Total 63.4 %

TOP COUNTRY EXPOSURE
NORWAY 81.6 %
BRITAIN 2.3 %
BERMUDA 1.7 %
FAROE ISLANDS 1.2 %
DENMARK 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
24.1% 14.0% 11.5% 4.9% 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.86 38%
MSCI EAFE 0.96 50%
MSCI Emg. Mkts. 0.68 26%

Technical Indicators
Recent close $28.11
30d moving avg. $27.78
Annualized volatility 22.4%
Short interest (ETF) 1.7%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 36
Turnover 2.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $220

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 231 potential alternatives to the iShares MSCI Norway ETF ETF based on the alternatives' overlap in portfolio holdings with ENOR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ENOR Expense: 53 bp ALTAR Score™: 10.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ENOR
Ticker Fund
Name		 Overlap1
vs ENOR
(%)		 Expense
ratio
(bp)		 Savings
vs ENOR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ENOR
(%)
NORW Global X MSCI Norway ETF 87.6 50 3 10.0 0.0
GLCR GlacierShares Nasdaq Iceland ETF 8.6 95 -42 4.5 -5.6
EFAS Global X MSCI SuperDividend EAFE ETF 8.1 57 -4 8.4 -1.6
MOO VanEck Agribusiness ETF 7.4 53 0 10.2 +0.1
IVEG iShares Emergent Food and AgTech Multisector ETF 5.7 47 6 8.8 -1.2
DFE WisdomTree Europe SmallCap Dividend Fund 5.2 58 -5 8.1 -1.9
FYLD Cambria Foreign Shareholder Yield ETF 5.1 59 -6 11.9 +1.9
VEGI iShares MSCI Agriculture Producers ETF 4.6 39 14 8.4 -1.6
FDD First Trust Stoxx European Select Dividend Index Fund 4.4 58 -5 11.7 +1.7
FEP First Trust Europe AlphaDEX Fund 4.1 80 -27 9.3 -0.7
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.0 70 -17 4.7 -5.3
IEUS iShares MSCI Europe Small-Cap ETF 4.0 42 11 7.2 -2.8
RCGE RockCreek Global Equality ETF 3.9 95 -42 6.3 -3.7
IDOG ALPS International Sector Dividend Dogs ETF 3.8 50 3 12.2 +2.1
DTH WisdomTree International High Dividend Fund 3.6 58 -5 8.9 -1.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 3.6 46 7 10.2 +0.2
CCNR ALPS CoreCommodity Natural Resources ETF 3.6 39 14 11.4 +1.3
VIDI Vident International Equity Strategy ETF 3.5 61 -8 11.4 +1.3
FPXI First Trust International Equity Opportunities ETF 3.4 70 -17 3.5 -6.6
DLS WisdomTree International SmallCap Dividend Fund 3.4 58 -5 8.4 -1.6
IDLV Invesco S&P International Developed Low Volatility ETF 3.3 25 28 6.5 -3.6
DSTX Distillate International Fundamental Stability & Value ETF 2.9 55 -2 8.1 -1.9
VWID Virtus WMC International Dividend ETF 2.9 49 4 8.8 -1.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.7 80 -27 11.2 +1.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 2.6 65 -12 11.5 +1.5
FDFF Fidelity Disruptive Finance ETF 2.6 50 3 4.0 -6.0
BOAT SonicShares Global Shipping ETF 2.5 69 -16 31.6 +21.6
EUDV ProShares MSCI Europe Dividend Growers ETF 2.3 55 -2 5.8 -4.2
IPKW Invesco International BuyBack Achievers ETF 2.3 55 -2 13.6 +3.6
JHID John Hancock International High Dividend ETF 2.2 46 7 9.9 -0.2
AIVI WisdomTree International AI Enhanced Value Fund 2.2 58 -5 7.4 -2.7
NUDM Nuveen ESG International Developed Markets Equity ETF 2.1 31 22 6.3 -3.7
IVAL Alpha Architect International Quantitative Value ETF 2.0 49 4 10.6 +0.5
GCOW Pacer Global Cash Cows Dividend ETF 2.0 60 -7 10.9 +0.9
DIM WisdomTree International MidCap Dividend Fund 2.0 58 -5 7.6 -2.5
GNR SPDR S&P Global Natural Resources ETF 2.0 40 13 11.3 +1.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.0 40 13 7.6 -2.4
DFNL Davis Select Financial ETF 2.0 63 -10 7.5 -2.5
DWM WisdomTree International Equity Fund 1.9 48 5 7.5 -2.6
DOL WisdomTree International LargeCap Dividend Fund 1.9 48 5 7.4 -2.7
FTRI First Trust Indxx Global Natural Resources Income ETF 1.9 70 -17 8.1 -2.0
DWMF WisdomTree International Multifactor Fund 1.8 38 15 7.0 -3.1
SCZ iShares MSCI EAFE Small-Cap ETF 1.8 40 13 7.0 -3.0
SCHC Schwab International Small-Cap Equity ETF 1.8 11 42 6.8 -3.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.8 49 4 6.9 -3.1
FIDI Fidelity International High Dividend ETF 1.7 18 35 9.0 -1.0
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.7 80 -27 10.0 -0.1
LVHI Franklin International Low Volatility High Dividend Index ET 1.7 40 13 10.9 +0.9
DINT Davis Select International ETF 1.6 55 -2 8.0 -2.0
INEQ Columbia International Equity Income ETF 1.6 45 8 8.3 -1.8
AVDV Avantis International Small Cap Value ETF 1.6 36 17 10.1 +0.1
FDEV Fidelity International Multifactor ETF 1.6 18 35 7.4 -2.6
KNO AXS Knowledge Leaders ETF 1.6 78 -25 6.0 -4.1
FID First Trust S&P International Dividend Aristocrats ETF 1.5 60 -7 8.1 -1.9
RODE Hartford Multifactor Diversified International ETF 1.5 29 24 12.7 +2.7
SDIV Global X Superdividend ETF 1.5 58 -5 40.4 +30.4
WWJD Inspire International ETF 1.5 80 -27 7.2 -2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 6 8.5 -1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.5 29 24 7.9 -2.1
HAP VanEck Natural Resources ETF 1.5 50 3 9.6 -0.5
TPIF Timothy Plan International ETF 1.4 62 -9 6.2 -3.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.3 80 -27 5.5 -4.5
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.3 50 3 5.8 -4.3
JPIN J.P. Morgan Diversified Return International Equity ETF 1.3 37 16 8.5 -1.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.3 8 45 6.8 -3.2
FEOE First Eagle Overseas Equity ETF 1.3 79 -26 8.2 -1.9
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.3 12 41 6.1 -3.9
SCHY Schwab International Dividend Equity ETF 1.3 14 39 9.6 -0.4
OAIM OneAscent International Equity ETF 1.3 95 -42 5.6 -4.4
FNDC Schwab Fundamental International Small Co. Index ETF 1.3 39 14 5.9 -4.2
WDIV SPDR S&P Global Dividend ETF 1.3 40 13 9.5 -0.5
EFRA iShares Environmental Infrastructure and Industrials ETF 1.2 47 6 5.2 -4.8
FILL iShares MSCI Global Energy Producers ETF 1.2 39 14 12.0 +1.9
AVDS Avantis International Small Cap Equity ETF 1.2 30 23 7.6 -2.5
SNSR Global X Internet of Things ETF 1.2 68 -15 4.4 -5.6
IQDF FlexShares International Quality Dividend Index Fund 1.2 47 6 9.3 -0.7
IEUR iShares Core MSCI Europe ETF 1.2 11 42 7.3 -2.7
SPEU SPDR Portfolio Europe ETF 1.2 7 46 7.3 -2.7
VGK Vanguard FTSE Europe ETF 1.1 6 47 7.4 -2.6
RFEU First Trust Riverfront Dynamic Europe ETF 1.1 83 -30 10.4 +0.4
CIL VictoryShares International Volatility Wtd ETF 1.1 45 8 6.6 -3.4
TEMP JPMorgan Climate Change Solutions ETF 1.1 49 4 5.7 -4.3
GWX SPDR S&P International Small Cap ETF 1.1 40 13 6.3 -3.8
SDG iShares MSCI Global Sustainable Development Goals ETF 1.1 49 4 6.2 -3.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.1 14 39 6.3 -3.8
IXC iShares Global Energy ETF 1.1 44 9 10.4 +0.4
EUFN iShares MSCI Europe Financials ETF 1.1 51 2 8.4 -1.6
EUDG WisdomTree Europe Quality Dividend Growth Fund 1.1 58 -5 6.7 -3.3
IQDG WisdomTree International Quality Dividend Growth Fund 1.1 42 11 7.0 -3.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 1.0 58 -5 7.1 -3.0
ESGD iShares ESG Aware MSCI EAFE ETF 1.0 20 33 6.9 -3.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.0 9 44 9.2 -0.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 1.0 56 -3 11.0 +1.0
IDV iShares International Select Dividend ETF 1.0 51 2 11.1 +1.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 1.0 42 11 6.6 -3.4
DEW WisdomTree Global High Dividend Fund 1.0 58 -5 8.7 -1.4
INTF iShares International Equity Factor ETF 1.0 15 38 7.8 -2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.0 39 14 6.7 -3.3
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -9 3.6 -6.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.9 39 14 8.2 -1.9
PPIE Putnam PanAgora ESG International Equity ETF 0.9 49 4 7.4 -2.6
EFV iShares MSCI EAFE Value ETF 0.8 34 19 9.3 -0.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.8 9 44 8.1 -1.9
BBEU JPMorgan BetaBuilders Europe ETF 0.8 9 44 7.2 -2.9
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 14 13.6 +3.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.8 25 28 9.6 -0.5
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.8 22 31 5.7 -4.3
BLKC Invesco Alerian Galaxy Blockchain Users and Decentralized Co 0.8 61 -8 1.5 -8.6
SATO Invesco Alerian Galaxy Crypto Economy ETF 0.8 61 -8 -2.3 -12.4
BCOR Grayscale Bitcoin Adopters ETF 0.8 59 -6 2.4 -7.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.8 24 29 7.5 -2.5
FLEE Franklin FTSE Europe ETF 0.8 9 44 7.3 -2.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 0.8 46 7 7.0 -3.0
BLES Inspire Global Hope ETF 0.8 61 -8 6.8 -3.3
DWX SPDR S&P International Dividend ETF 0.8 45 8 6.2 -3.9
IEV iShares Europe ETF 0.8 67 -14 6.9 -3.2
DFIV Dimensional International Value ETF 0.8 27 26 10.0 +0.0
COPY Tweedy, Browne Insider + Value ETF 0.8 80 -27 11.7 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.7 45 8 8.9 -1.1
IEFA iShares Core MSCI EAFE ETF 0.7 7 46 7.2 -2.9
DMXF iShares ESG Advanced MSCI EAFE ETF 0.7 12 41 5.5 -4.5
XT iShares Exponential Technologies ETF 0.7 46 7 4.8 -5.2
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.7 35 18 6.7 -3.3
IDAT iShares Future Cloud 5G and Tech ETF 0.7 47 6 4.7 -5.3
VYMI Vanguard International High Dividend Yield ETF 0.7 17 36 9.8 -0.2
IVLU iShares MSCI Intl Value Factor ETF 0.7 30 23 10.7 +0.7
AVSD Avantis Responsible International Equity ETF 0.7 23 30 5.7 -4.4
IQSI IQ Candriam International Equity ETF 0.7 15 38 6.6 -3.4
QINT American Century Quality Diversified International ETF 0.7 39 14 7.4 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 0.6 4 49 7.2 -2.9
RAYS Global X Solar ETF 0.6 51 2 7.1 -2.9
RNRG Global X Renewable Energy Producers ETF 0.6 66 -13 5.6 -4.4
PBD Invesco Global Clean Energy ETF 0.6 75 -22 0.6 -9.5
TAN Invesco Solar ETF 0.6 67 -14 7.4 -2.6
DFAI Dimensional International Core Equity Market ETF 0.6 18 35 7.3 -2.8
WNDY Global X Wind Energy ETF 0.6 50 3 5.5 -4.5
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 3 50 7.2 -2.9
GSID Goldman Sachs MarketBeta International Equity ETF 0.6 20 33 7.0 -3.1
DISV Dimensional International Small Cap Value ETF 0.6 42 11 9.5 -0.5
VEA Vanguard FTSE Developed Markets ETF 0.6 3 50 7.3 -2.7
DIHP Dimensional International High Profitability ETF 0.6 29 24 7.2 -2.9
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.6 20 33 6.6 -3.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.6 25 28 6.0 -4.1
UIVM VictoryShares International Value Momentum ETF 0.6 35 18 9.0 -1.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.6 30 23 7.0 -3.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 0.6 25 28 7.3 -2.8
IQLT iShares MSCI Intl Quality Factor ETF 0.6 30 23 6.2 -3.8
FENI Fidelity Enhanced International ETF 0.6 28 25 6.7 -3.3
MXI iShares Global Materials ETF 0.6 41 12 7.8 -2.2
DFIC Dimensional International Core Equity 2 ETF 0.6 23 30 7.6 -2.5
NXTG First Trust Indxx NextG ETF 0.6 70 -17 5.3 -4.8
HFXI IQ FTSE International Equity Currency Neutral ETF 0.6 20 33 7.2 -2.8
EFA iShares MSCI EAFE ETF 0.5 35 18 6.9 -3.2
DFSI Dimensional International Sustainability Core 1 ETF 0.5 24 29 6.4 -3.6
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 30 8.4 -1.7
AVDE Avantis International Equity ETF 0.5 23 30 7.6 -2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 0.5 83 -30 9.7 -0.3
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 0.5 80 -27 4.9 -5.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.5 36 17 6.9 -3.1
BKIE BNY Mellon International Equity ETF 0.5 4 49 7.1 -3.0
IMTM iShares MSCI Intl Momentum Factor ETF 0.5 30 23 5.4 -4.6
DXIV Dimensional International Vector Equity ETF 0.5 34 19 8.0 -2.1
DTAN Sparkline International Intangible Value ETF 0.5 55 -2 8.1 -1.9
IDHQ Invesco S&P International Developed High Quality ETF 0.5 29 24 6.6 -3.4
SHPP Pacer Industrials and Logistics ETF 0.5 60 -7 8.4 -1.6
DFIS Dimensional International Small Cap ETF 0.5 39 14 7.4 -2.6
AVIV Avantis International Large Cap Value ETF 0.5 25 28 8.9 -1.1
IXUS iShares Core MSCI Total International Stock ETF 0.5 7 46 8.0 -2.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.5 34 19 6.0 -4.1
VXUS Vanguard Total International Stock ETF 0.5 5 48 8.0 -2.0
BSVO EA Bridgeway Omni Small-Cap Value ETF 0.5 47 6 9.3 -0.7
VSGX Vanguard ESG International Stock ETF 0.4 10 43 7.9 -2.1
SCHF Schwab International Equity ETF 0.4 6 47 7.4 -2.7
KXI iShares Global Consumer Staples ETF 0.4 41 12 5.5 -4.5
JHMD John Hancock Multifactor Developed International ETF 0.4 39 14 7.6 -2.4
IDMO Invesco S&P International Developed Momentum ETF 0.4 25 28 5.4 -4.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 33 5.8 -4.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.4 20 33 6.5 -3.6
DIV Global X SuperDividend US ETF 0.4 45 8 11.8 +1.8
NDIV Amplify Natural Resources Dividend Income ETF 0.4 59 -6 13.5 +3.5
USNG Amplify Samsung U.S. Natural Gas Infrastructure ETF 0.4 59 -6 4.5 -5.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 41 5.2 -4.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 23 8.1 -2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.4 25 28 7.1 -2.9
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.4 18 35 7.6 -2.5
GLOF iShares Global Equity Factor ETF 0.4 20 33 6.7 -3.3
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -42 3.5 -6.5
DTEC ALPS Disruptive Technologies ETF 0.4 50 3 3.8 -6.3
IBOT Vaneck Robotics ETF 0.4 47 6 4.1 -5.9
BOTZ Global X Robotics & Artificial Intelligence ETF 0.4 69 -16 2.4 -7.7
WBIY WBI Power Factor High Dividend ETF 0.4 100 -47 15.2 +5.2
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 23 7.7 -2.3
JETS U.S. Global Jets ETF 0.4 60 -7 2.8 -7.3
AIRL Themes Airlines ETF 0.4 35 18 1.8 -8.2
ZSB USCF Sustainable Battery Metals Strategy Fund 0.4 61 -8 8.7 -1.3
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -36 4.8 -5.2
CUT Invesco MSCI Global Timber ETF 0.3 61 -8 10.0 -0.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 49 8.2 -1.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 19 7.8 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 12 7.8 -2.3
OCEN IQ Clean Oceans ETF 0.3 45 8 6.2 -3.8
EFG iShares MSCI EAFE Growth ETF 0.3 36 17 4.3 -5.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.3 42 11 5.4 -4.6
SMCF Themes US Small Cap Cash Flow Champions ETF 0.2 29 24 12.6 +2.6
IXP iShares Global Comm Services ETF 0.2 42 11 5.6 -4.4
IGRO iShares International Dividend Growth ETF 0.2 15 38 7.2 -2.9
IXG iShares Global Financials ETF 0.2 42 11 6.8 -3.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.2 9 44 5.9 -4.2
VT Vanguard Total World Stock ETF 0.2 6 47 6.0 -4.0
TTAI FCF International Quality ETF 0.2 59 -6 7.0 -3.1
KNCT Invesco Next Gen Connectivity ETF 0.2 40 13 4.9 -5.1
AFK VanEck Africa Index ETF 0.2 98 -45 11.8 +1.8
TOK iShares MSCI Kokusai ETF 0.1 26 27 5.2 -4.9
STXI Strive International Developed Markets ETF 0.1 29 24 7.0 -3.1
URTH iShares MSCI World ETF 0.1 24 29 5.2 -4.8
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 44 5.3 -4.8
VFVA Vanguard U.S. Value Factor ETF 0.1 13 40 11.2 +1.2
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 23 6.1 -3.9
ACWI iShares MSCI ACWI ETF 0.1 32 21 5.7 -4.4
FLQS Franklin U.S. Small Cap Multifactor Index ETF 0.1 35 18 9.8 -0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 41 7.9 -2.1
KLMT Invesco MSCI Global Climate 500 ETF 0.1 10 43 5.9 -4.1
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.1 10 43 8.1 -1.9
IFGL iShares International Developed Real Estate ETF 0.1 48 5 7.0 -3.0
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 0.1 20 33 6.0 -4.1
VIGI Vanguard International Dividend Appreciation ETF 0.1 10 43 6.1 -3.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 0.1 29 24 8.7 -1.3
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 23 7.4 -2.6
RSSL Global X Russell 2000 ETF 0.0 8 45 4.5 -5.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 0.0 39 14 6.1 -3.9
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 32 3.8 -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%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Norway 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 15.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 53 bp
Equals: ALTAR Score 10.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.72 CATEGORY
AVERAGE		 1.62
 
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.