iShares MSCI Poland ETF
ALTAR
Score™		 8.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 11.5x P/Sales
ratio		 0.9x
P/BV
ratio		 1.4x Div.
yield		 2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Poland Investable Market Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield performance of the MSCI Poland Investable Market Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date May 25, 2010
Assets (mns) $633
Currency USD
Expense ratio 59 bp
Distributions Semi-annual

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 33
Wgt avg mkt cap (mns) $14,132
Large cap (>$10bn) 54.0%
Mid cap ($2-10bn) 42.7%
Small cap (<$2bn) 3.3%
Developed mkts 3.7%
Emerging mkts 96.3%

TOP TEN HOLDINGS
PKO BANK POLSKI SA 15.4 %
POLSKI KONCERN NAFTOWY SA 13.3 %
BANK PEKAO SA 8.1 %
POWSZECHNY ZAKLAD UBEZPIECZE 7.4 %
LPP SA 4.4 %
KGHM POLSKA MIEDZ S.A. 4.2 %
ALLEGRO.EU SA 3.7 %
BANK ZACHODNI WBK SA 3.3 %
CD PROJEKT S.A. 3.0 %
DINO POLSKA SA 2.8 %
Total 65.6 %

TOP COUNTRY EXPOSURE
POLAND 86.3 %
LUXEMBOURG 3.7 %









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.
3.5% 36.7% 19.1% 9.0% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.98 44%
MSCI EAFE 1.22 59%
MSCI Emg. Mkts. 0.94 46%

Technical Indicators
Recent close $39.29
30d moving avg. $36.27
Annualized volatility 26.1%
Short interest (ETF) 5.1%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 475
Turnover 3.0%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 140 potential alternatives to the iShares MSCI Poland ETF ETF based on the alternatives' overlap in portfolio holdings with EPOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPOL Expense: 59 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPOL
Ticker Fund
Name		 Overlap1
vs EPOL
(%)		 Expense
ratio
(bp)		 Savings
vs EPOL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EPOL
(%)
FRDM Freedom 100 Emerging Markets ETF 11.1 49 10 5.9 -3.0
GVAL Cambria Global Value ETF 8.3 68 -9 8.8 -0.2
FTHF First Trust Emerging Markets Human Flourishing ETF 6.7 75 -16 6.3 -2.6
IDOG ALPS International Sector Dividend Dogs ETF 6.6 50 9 9.1 +0.2
EMDM First Trust Bloomberg Emerging Market Democracies ETF 6.1 75 -16 6.6 -2.3
CRAK VanEck Oil Refiners ETF 6.0 61 -2 9.3 +0.4
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 5.9 58 1 7.2 -1.7
DEM WisdomTree Emerging Markets High Dividend Fund 4.8 63 -4 10.7 +1.8
DVYE iShares Emerging Markets Dividend ETF 4.5 49 10 16.8 +7.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.4 32 27 5.1 -3.8
COPX Global X Copper Miners ETF 4.2 65 -6 4.1 -4.8
EYLD Cambria Emerging Shareholder Yield ETF 4.0 66 -7 9.4 +0.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.0 67 -8 12.0 +3.1
EBIZ Global X E-Commerce ETF 3.6 50 9 4.7 -4.2
SILJ ETFMG Prime Junior Silver Miners ETF 3.5 69 -10 0.3 -8.6
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 -20 6.9 -2.0
ICOP iShares Copper and Metals Mining ETF 3.2 47 12 5.4 -3.5
XC WisdomTree Emerging Markets Ex-China Fund 3.1 32 27 6.0 -2.9
ESPO VanEck Video Gaming and eSports ETF 3.0 56 3 6.5 -2.4
HERO Global X Video Games & Esports ETF 3.0 50 9 5.8 -3.1
OND ProShares On-Demand ETF 2.9 58 1 0.5 -8.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.9 47 12 7.5 -1.4
FDD First Trust Stoxx European Select Dividend Index Fund 2.8 58 1 9.9 +1.0
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 15 8.0 -0.9
NERD Roundhill Video Games ETF 2.7 50 9 7.7 -1.2
IQDF FlexShares International Quality Dividend Index Fund 2.7 47 12 7.7 -1.2
AGMI Themes Silver Miners ETF 2.5 35 24 3.6 -5.4
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.4 95 -36 10.4 +1.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -21 8.6 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 24 35 5.7 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 2.1 48 11 9.0 +0.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.1 86 -27 0.2 -8.7
GMET VanEck Green Metals ETF 2.0 63 -4 0.4 -8.5
RNEM First Trust Emerging Markets Equity Select ETF 2.0 75 -16 7.7 -1.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.0 45 14 9.4 +0.5
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.9 80 -21 11.3 +2.4
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.9 88 -29 8.3 -0.6
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.8 33 26 6.6 -2.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.8 58 1 8.4 -0.5
LDEM iShares ESG MSCI EM Leaders ETF 1.8 17 42 12.2 +3.3
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 30 7.5 -1.4
WWJD Inspire International ETF 1.7 80 -21 6.2 -2.7
XCNY SPDR S&P Emerging Markets ex-China ETF 1.7 15 44 5.9 -3.0
XCEM Columbia EM Core ex-China ETF 1.6 16 43 5.3 -3.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 14 8.5 -0.4
EMXC iShares MSCI Emerging Markets ex China ETF 1.4 25 34 5.5 -3.4
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.4 35 24 11.5 +2.6
SETM Sprott Energy Transition Materials ETF 1.4 65 -6 1.5 -7.4
SCHC Schwab International Small-Cap Equity ETF 1.3 11 48 6.5 -2.4
JHEM John Hancock Multifactor Emerging Markets ETF 1.3 49 10 7.9 -1.0
ODDS Pacer BlueStar Digital Entertainment ETF 1.3 60 -1 4.7 -4.2
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 52 9.6 +0.7
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 43 7.2 -1.7
STXE Strive Emerging Markets Ex-China ETF 1.2 32 27 5.8 -3.1
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.2 53 6 5.5 -3.4
AVES Avantis Emerging Markets Value ETF 1.2 36 23 9.0 +0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 23 6.2 -2.7
AVEM Avantis Emerging Markets Equity ETF 1.2 33 26 7.4 -1.5
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 18 5.2 -3.7
DFEV Dimensional Emerging Markets Value ETF 1.2 43 16 10.1 +1.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -11 6.5 -2.5
VIDI Vident International Equity Strategy ETF 1.1 61 -2 8.4 -0.5
IEMG iShares Core MSCI Emerging Markets ETF 1.1 9 50 8.5 -0.4
BNGE First Trust S-Network Streaming and Gaming ETF 1.1 70 -11 3.0 -5.9
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 26 7.1 -1.9
EEM iShares MSCI Emerging Markets ETF 1.1 69 -10 8.2 -0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -7 7.6 -1.3
FNDC Schwab Fundamental International Small Co. Index ETF 1.1 39 20 6.7 -2.2
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 24 7.3 -1.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 10 6.0 -2.9
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 34 9.4 +0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 27 7.8 -1.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 21 7.3 -1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 9 8.6 -0.3
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 34 8.7 -0.2
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 51 6.3 -2.6
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 20 8.0 -0.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.9 41 18 7.1 -1.8
VGK Vanguard FTSE Europe ETF 0.9 6 53 6.5 -2.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 0.9 30 29 8.5 -0.4
SPEU SPDR Portfolio Europe ETF 0.9 7 52 6.4 -2.5
BLES Inspire Global Hope ETF 0.9 61 -2 5.9 -3.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 29 8.0 -0.9
FDEM Fidelity Emerging Markets Multifactor ETF 0.8 25 34 10.7 +1.8
IQSI IQ Candriam International Equity ETF 0.8 15 44 5.6 -3.3
BBEU JPMorgan BetaBuilders Europe ETF 0.7 9 50 6.2 -2.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.7 24 35 6.8 -2.1
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 1 5.1 -3.8
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 17 7.6 -1.3
FLEE Franklin FTSE Europe ETF 0.7 9 50 6.2 -2.7
IBUY Amplify Online Retail ETF 0.7 65 -6 2.3 -6.6
EMM Global X Emerging Markets ex-China ETF 0.7 75 -16 5.2 -3.7
FDNI First Trust Dow Jones International Internet ETF 0.7 65 -6 23.5 +14.6
DIVI Franklin International Core Dividend Tilt Index ETF 0.7 9 50 6.6 -2.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 20 7.0 -2.0
EDIV SPDR S&P Emerging Markets Dividend ETF 0.6 49 10 8.9 -0.0
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 26 7.1 -1.8
RCGE RockCreek Global Equality ETF 0.5 95 -36 6.1 -2.8
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 11 5.7 -3.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.5 86 -27 12.0 +3.1
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 39 5.9 -3.1
VEA Vanguard FTSE Developed Markets ETF 0.5 3 56 6.0 -2.9
IPAV Global X Infrastructure Development ex-U.S. ETF 0.5 55 4 5.7 -3.2
BKIE BNY Mellon International Equity ETF 0.5 4 55 6.0 -2.9
VYMI Vanguard International High Dividend Yield ETF 0.4 17 42 8.0 -0.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.5 -0.4
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 34 7.5 -1.4
INTF iShares International Equity Factor ETF 0.4 15 44 6.4 -2.5
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 39 5.8 -3.1
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 22 7.0 -1.9
SCHF Schwab International Equity ETF 0.4 6 53 6.1 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 18 6.2 -2.7
VXUS Vanguard Total International Stock ETF 0.4 5 54 6.7 -2.2
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 6.7 -2.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 47 4.6 -4.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 6.4 -2.5
VSGX Vanguard ESG International Stock ETF 0.3 10 49 6.8 -2.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 25 6.4 -2.5
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 41 6.5 -2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 14 6.9 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 55 6.8 -2.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 13 7.2 -1.7
JSTC Adasina Social Justice All Cap Global ETF 0.3 89 -30 4.7 -4.2
EMC Global X Emerging Markets Great Consumer ETF 0.2 75 -16 7.6 -1.3
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 6.5 -2.4
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -1 5.1 -3.8
DEW WisdomTree Global High Dividend Fund 0.2 58 1 7.3 -1.6
GLOF iShares Global Equity Factor ETF 0.2 20 39 5.8 -3.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 39 5.0 -3.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.2 25 34 6.5 -2.4
VT Vanguard Total World Stock ETF 0.1 6 53 5.2 -3.7
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.9 -4.0
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 25 5.2 -3.7
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 5.1 -3.9
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 17 4.4 -4.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 17 4.1 -4.8
EWX SPDR S&P Emerging Markets Small Cap ETF 0.0 65 -6 6.6 -2.3
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 20 7.2 -1.7
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 41 0.0 -8.9
IGRO iShares International Dividend Growth ETF 0.0 15 44 6.7 -2.2

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 Poland 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 13.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.73 CATEGORY
AVERAGE		 1.64
 
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.