iShares MSCI New Zealand ETF
ALTAR
Score™		 2.6% info Recommen-
dation		 AVOID
2024E    2025E
P/E
ratio		 26.2x P/Sales
ratio		 1.9x
P/BV
ratio		 1.6x Div.
yield		 3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI New Zealand Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI New Zealand Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Sep 01, 2010
Assets (mns) $87
Currency USD
Expense ratio 50 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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 13
Wgt avg mkt cap (mns) $5,846
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 80.8%
Small cap (<$2bn) 19.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FISHER & PAYKEL HEALTHCARE C 26.1 %
AUCKLAND INTL AIRPORT LTD 21.9 %
FLETCHER BUILDING LTD 5.2 %
AIR NEW ZEALAND 5.1 %
INFRATIL LTD 5.0 %
CONTACT ENERGY LTD 4.9 %
GOODMAN PROPERTY TRUST 4.9 %
MERIDIAN ENERGY LTD 4.8 %
KIWI PROPERTY GROUP LTD. 4.7 %
EBOS GROUP LIMITED 4.5 %
Total 87.0 %

TOP COUNTRY EXPOSURE
NEW ZEALAND 100.0 %










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.
-7.1% -7.1% -0.5% 3.9% 7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.96 63%
MSCI EAFE 1.10 77%
MSCI Emg. Mkts. 0.91 56%

Technical Indicators
Recent close $44.55
30d moving avg. $45.48
Annualized volatility 21.4%
Short interest (ETF) 1.3%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $35

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 130 potential alternatives to the iShares MSCI New Zealand ETF ETF based on the alternatives' overlap in portfolio holdings with ENZL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ENZL Expense: 50 bp ALTAR Score™: 2.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ENZL
Ticker Fund
Name		 Overlap1
vs ENZL
(%)		 Expense
ratio
(bp)		 Savings
vs ENZL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ENZL
(%)
RNRG Global X Renewable Energy Producers ETF 12.4 66 -16 4.9 +2.3
GII SPDR S&P Global Infrastructure ETF 3.0 40 10 5.0 +2.4
IGF iShares Global Infrastructure ETF 2.9 41 9 5.0 +2.4
FDHT Fidelity Digital Health ETF 2.9 39 11 -2.4 -5.0
FRNW Fidelity Clean Energy ETF 2.9 39 11 3.7 +1.1
SMOG VanEck Low Carbon Energy ETF 2.9 61 -11 3.0 +0.5
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 2.5 75 -25 7.8 +5.3
KDIV KraneShares S&P Pan Asia Dividend Aristocrats Index ETF 2.5 68 -18 8.8 +6.2
SXUS Janus Henderson International Sustainable Equity ETF 1.9 60 -10 4.6 +2.0
EPP iShares MSCI Pacific ex-Japan ETF 1.8 47 3 5.4 +2.8
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 1.8 19 31 5.8 +3.3
DVYA iShares Asia/Pacific Dividend ETF 1.8 49 1 9.1 +6.6
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 1.7 80 -30 10.0 +7.4
EFAS Global X MSCI SuperDividend EAFE ETF 1.5 57 -7 9.7 +7.1
IDLV Invesco S&P International Developed Low Volatility ETF 1.5 25 25 5.8 +3.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 1.4 50 0 5.1 +2.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 1.3 80 -30 5.4 +2.8
IMFL Invesco International Developed Dynamic Multifactor ETF 1.0 34 16 10.6 +8.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.0 24 26 8.6 +6.0
PBD Invesco Global Clean Energy ETF 0.9 75 -25 -3.9 -6.4
DWMF WisdomTree International Multifactor Fund 0.8 38 12 7.3 +4.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 0.8 56 -6 13.9 +11.3
ISZE iShares MSCI Intl Size Factor ETF 0.7 30 20 6.6 +4.0
IDV iShares International Select Dividend ETF 0.7 51 -1 12.3 +9.8
IPAC iShares Core MSCI Pacific ETF 0.7 9 41 6.7 +4.1
ICLN iShares Global Clean Energy ETF 0.7 41 9 4.3 +1.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 11 6.9 +4.3
VPL Vanguard FTSE Pacific ETF 0.6 8 42 6.9 +4.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.6 29 21 8.8 +6.2
SCZ iShares MSCI EAFE Small-Cap ETF 0.6 40 10 0.0 -2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 1 6.7 +4.1
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 4 5.6 +3.0
CEFA Global X S&P Catholic Values Developed ex-US ETF 0.6 35 15 6.4 +3.9
JPIN J.P. Morgan Diversified Return International Equity ETF 0.6 37 13 8.7 +6.1
INTF iShares International Equity Factor ETF 0.6 15 35 7.8 +5.3
EFAV iShares MSCI EAFE Min Vol Factor ETF 0.6 22 28 6.2 +3.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.6 47 3 5.9 +3.4
NXTG First Trust Indxx NextG ETF 0.5 70 -20 6.0 +3.4
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.5 80 -30 10.8 +8.2
DWX SPDR S&P International Dividend ETF 0.4 45 5 7.1 +4.5
IWTR iShares MSCI Water Management Multisector ETF 0.4 47 3 4.8 +2.3
SCHY Schwab International Dividend Equity ETF 0.4 14 36 9.2 +6.7
DIVI Franklin International Core Dividend Tilt Index ETF 0.4 9 41 8.0 +5.5
IFGL iShares International Developed Real Estate ETF 0.4 48 2 7.0 +4.4
DMXF iShares ESG Advanced MSCI EAFE ETF 0.4 12 38 5.4 +2.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.4 83 -33 9.0 +6.4
RODE Hartford Multifactor Diversified International ETF 0.3 29 21 11.5 +9.0
WPS iShares International Developed Property ETF 0.3 48 2 7.2 +4.7
VIGI Vanguard International Dividend Appreciation ETF 0.3 15 35 5.6 +3.0
AGNG Global X Aging Population ETF 0.3 50 0 4.1 +1.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 0.3 30 20 6.8 +4.3
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 40 8.2 +5.6
QINT American Century Quality Diversified International ETF 0.3 39 11 7.4 +4.9
HAP VanEck Natural Resources ETF 0.3 50 0 9.5 +6.9
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 38 8.7 +6.2
IQSI IQ Candriam International Equity ETF 0.3 15 35 6.4 +3.8
IQLT iShares MSCI Intl Quality Factor ETF 0.3 30 20 5.7 +3.2
HFXI IQ FTSE International Equity Currency Neutral ETF 0.2 20 30 6.8 +4.2
AVDV Avantis International Small Cap Value ETF 0.2 36 14 8.0 +5.4
IEFA iShares Core MSCI EAFE ETF 0.2 7 43 2.7 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.2 20 30 6.7 +4.1
IDHQ Invesco S&P International Developed High Quality ETF 0.2 29 21 5.8 +3.2
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 27 8.8 +6.2
IDEV iShares Core MSCI International Developed Markets ETF 0.2 4 46 6.7 +4.1
SCHF Schwab International Equity ETF 0.2 6 44 7.0 +4.4
ESGD iShares ESG Aware MSCI EAFE ETF 0.2 20 30 6.3 +3.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 0.2 9 41 9.8 +7.2
VEA Vanguard FTSE Developed Markets ETF 0.2 5 45 7.0 +4.4
BKIE BNY Mellon International Equity ETF 0.2 4 46 6.9 +4.3
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 0.2 20 30 6.3 +3.7
EFG iShares MSCI EAFE Growth ETF 0.2 36 14 4.1 +1.5
VSGX Vanguard ESG International Stock ETF 0.2 12 38 6.8 +4.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 0.2 14 36 6.2 +3.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 0.2 32 18 6.7 +4.1
DIHP Dimensional International High Profitability ETF 0.2 29 21 6.9 +4.3
EFA iShares MSCI EAFE ETF 0.2 35 15 6.4 +3.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 0.2 36 14 6.4 +3.8
SPDW SPDR Portfolio Developed World ex-US ETF 0.2 3 47 6.9 +4.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 11 7.6 +5.1
EFV iShares MSCI EAFE Value ETF 0.2 34 16 9.1 +6.5
DFAI Dimensional International Core Equity Market ETF 0.2 18 32 6.9 +4.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 42 7.2 +4.6
DFIV Dimensional International Value ETF 0.2 27 23 9.8 +7.3
JHMD John Hancock Multifactor Developed International ETF 0.2 39 11 7.4 +4.8
REET iShares Global REIT ETF 0.2 14 36 7.1 +4.6
IXUS iShares Core MSCI Total International Stock ETF 0.2 7 43 6.9 +4.4
AVDE Avantis International Equity ETF 0.2 23 27 7.9 +5.3
DFSI Dimensional International Sustainability Core 1 ETF 0.2 24 26 6.2 +3.7
VXUS Vanguard Total International Stock ETF 0.2 7 43 7.1 +4.6
GLIF AGF Global Infrastructure ETF 0.2 45 5 5.5 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.2 22 28 9.7 +7.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.1 39 11 7.3 +4.8
DFGR Dimensional Global Real Estate ETF 0.1 22 28 7.1 +4.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.1 12 38 5.1 +2.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.1 20 30 10.7 +8.1
AVIV Avantis International Large Cap Value ETF 0.1 25 25 8.9 +6.3
DFIC Dimensional International Core Equity 2 ETF 0.1 23 27 7.4 +4.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.1 34 16 6.7 +4.1
ERET iShares Environmentally Aware Real Estate ETF 0.1 30 20 7.3 +4.7
GLOF iShares Global Equity Factor ETF 0.1 20 30 7.1 +4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.1 41 9 6.7 +4.1
AVRE Avantis Real Estate ETF 0.1 17 33 6.6 +4.1
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -39 4.8 +2.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 0.1 25 25 7.4 +4.9
RITA ETFB Green SRI REITs ETF 0.1 50 0 6.0 +3.4
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 20 6.8 +4.3
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.1 25 25 6.1 +3.5
IGRO iShares International Dividend Growth ETF 0.1 15 35 7.1 +4.5
KNCT Invesco Next Gen Connectivity ETF 0.1 40 10 5.9 +3.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.1 20 30 6.7 +4.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.1 30 20 7.8 +5.2
GWX SPDR S&P International Small Cap ETF 0.1 40 10 6.6 +4.0
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 8 5.1 +2.6
SCHC Schwab International Small-Cap Equity ETF 0.1 11 39 6.4 +3.9
QWLD SPDR MSCI World StrategicFactors ETF 0.1 30 20 6.0 +3.5
VT Vanguard Total World Stock ETF 0.1 7 43 5.8 +3.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 0.1 20 30 6.9 +4.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.1 25 25 9.1 +6.5
KOKU Xtrackers MSCI Kokusai Equity ETF 0.1 9 41 5.5 +2.9
IQIN IQ 500 International ETF 0.1 25 25 8.8 +6.3
TOK iShares MSCI Kokusai ETF 0.1 26 24 5.3 +2.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.1 7 43 6.5 +3.9
URTH iShares MSCI World ETF 0.0 24 26 5.4 +2.8
ACWI iShares MSCI ACWI ETF 0.0 32 18 5.5 +2.9
IQDE FlexShares International Quality Dividend Defensive Index ET 0.0 47 3 10.7 +8.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.7 +3.2
IQDF FlexShares International Quality Dividend Index Fund 0.0 47 3 10.7 +8.1
DFIS Dimensional International Small Cap ETF 0.0 39 11 6.7 +4.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.0 45 5 8.5 +5.9
DISV Dimensional International Small Cap Value ETF 0.0 42 8 9.2 +6.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 New Zealand ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 4.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 2.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.97 CATEGORY
AVERAGE		 1.51
 
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.