iShares MSCI Poland ETF
ALTAR
Score™		 10.8% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 9.3x P/Sales
ratio		 0.7x
P/BV
ratio		 1.0x Div.
yield		 4.6%


  • 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) $313
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 Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 32
Wgt avg mkt cap (mns) $9,760
Large cap (>$10bn) 50.1%
Mid cap ($2-10bn) 37.5%
Small cap (<$2bn) 12.5%
Developed mkts 4.5%
Emerging mkts 95.5%

TOP TEN HOLDINGS
PKO BANK POLSKI SA 15.0 %
POLSKI KONCERN NAFTOWY SA 11.3 %
BANK PEKAO SA 9.7 %
POWSZECHNY ZAKLAD UBEZPIECZE 8.6 %
BANK ZACHODNI WBK SA 4.9 %
KGHM POLSKA MIEDZ S.A. 4.8 %
ALLEGRO.EU SA 4.2 %
LPP SA 3.8 %
DINO POLSKA SA 3.6 %
BRE BANK SA 3.3 %
Total 69.2 %

TOP COUNTRY EXPOSURE
POLAND 93.3 %
LUXEMBOURG 4.2 %









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.
2.9% 54.9% 2.6% -0.4% 1.8%

Market Correlations
versus... Beta R-squared
S&P500 1.34 47%
MSCI EAFE 1.60 62%
MSCI Emg. Mkts. 1.26 41%

Technical Indicators
Recent close $23.18
30d moving avg. $21.70
Annualized volatility 34.8%
Short interest (ETF) 4.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 203
Turnover 1.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $368

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 126 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™: 10.8%


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 14.0 49 10 7.4 -3.4
GVAL Cambria Global Value ETF 9.8 68 -9 12.6 +1.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 5.1 80 -21 14.4 +3.6
CRAK VanEck Oil Refiners ETF 4.9 61 -2 13.3 +2.6
FEM First Trust Emerging Markets AlphaDEX Fund 4.7 80 -21 16.5 +5.8
COPX Global X Copper Miners ETF 4.5 65 -6 6.9 -3.9
FDD First Trust Stoxx European Select Dividend Index Fund 4.2 58 1 13.2 +2.4
EYLD Cambria Emerging Shareholder Yield ETF 3.8 66 -7 12.2 +1.4
VIDI Vident International Equity Strategy ETF 2.8 61 -2 12.1 +1.4
EMDM First Trust Bloomberg Emerging Market Democracies ETF 2.7 75 -16 9.8 -1.0
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 15 11.8 +1.1
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.7 86 -27 2.0 -8.8
HERO Global X Video Games & Esports ETF 2.4 50 9 5.1 -5.7
GAMR Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T 2.4 75 -16 5.3 -5.5
EEMO Invesco S&P Emerging Markets Momentum ETF 2.3 29 30 6.3 -4.5
IDOG ALPS International Sector Dividend Dogs ETF 2.0 50 9 11.8 +1.1
DEM WisdomTree Emerging Markets High Dividend Fund 2.0 63 -4 13.0 +2.2
NERD Roundhill Video Games ETF 1.9 50 9 8.0 -2.7
MEM Matthews Emerging Markets Equity Active ETF 1.9 79 -20 5.9 -4.9
SDEM Global X MSCI SuperDividend Emerging Markets ETF 1.9 67 -8 17.2 +6.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.7 24 35 7.2 -3.6
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 -20 10.3 -0.5
IMFL Invesco International Developed Dynamic Multifactor ETF 1.7 34 25 10.7 -0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 1.7 48 11 9.4 -1.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.6 95 -36 11.6 +0.9
ESPO VanEck Video Gaming and eSports ETF 1.6 56 3 4.6 -6.2
WWJD Inspire International ETF 1.6 80 -21 7.2 -3.5
GMET VanEck Green Metals ETF 1.6 63 -4 9.8 -0.9
ICOW Pacer Developed Markets International Cash Cows 100 ETF 1.6 65 -6 13.0 +2.3
RNEM First Trust Emerging Markets Equity Select ETF 1.5 75 -16 8.4 -2.3
FNDC Schwab Fundamental International Small Co. Index ETF 1.4 39 20 6.9 -3.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.4 47 12 10.4 -0.4
LDEM iShares ESG MSCI EM Leaders ETF 1.4 17 42 7.9 -2.8
EMXF iShares ESG Advanced MSCI EM ETF 1.3 16 43 7.6 -3.2
DFEV Dimensional Emerging Markets Value ETF 1.3 43 16 11.1 +0.3
XC WisdomTree Emerging Markets Ex-China Fund 1.3 32 27 6.2 -4.5
SETM Sprott Energy Transition Materials ETF 1.3 65 -6 5.3 -5.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.3 25 34 6.7 -4.0
EWX SPDR S&P Emerging Markets Small Cap ETF 1.3 65 -6 7.7 -3.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.3 20 39 7.7 -3.1
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 -1 3.1 -7.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.2 70 -11 7.3 -3.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.2 58 1 10.2 -0.6
AVES Avantis Emerging Markets Value ETF 1.2 36 23 12.3 +1.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.2 45 14 8.7 -2.1
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 18 7.4 -3.3
OGIG ALPS O'Shares Global Internet Giants ETF 1.2 48 11 0.5 -10.3
AVEM Avantis Emerging Markets Equity ETF 1.1 33 26 9.3 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.1 32 27 6.4 -4.4
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.1 49 10 6.7 -4.0
STXE Strive Emerging Markets Ex-China ETF 1.1 32 27 7.0 -3.8
JHEM John Hancock Multifactor Emerging Markets ETF 1.1 49 10 8.5 -2.3
SPEM SPDR Portfolio Emerging Markets ETF 1.1 7 52 7.6 -3.1
XCEM Columbia EM Core ex-China ETF 1.1 16 43 7.4 -3.3
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.1 18 41 8.0 -2.8
SCHC Schwab International Small-Cap Equity ETF 1.0 11 48 6.5 -4.3
FTRI First Trust Indxx Global Natural Resources Income ETF 1.0 70 -11 10.7 -0.0
NUEM Nuveen ESG Emerging Markets Equity ETF 1.0 36 23 6.9 -3.8
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 24 7.8 -2.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 1.0 32 27 7.7 -3.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.9 66 -7 7.4 -3.4
EMC Global X Emerging Markets Great Consumer ETF 0.9 75 -16 5.0 -5.8
EMGF iShares Emerging Markets Equity Factor ETF 0.9 25 34 8.8 -2.0
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 50 7.7 -3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.9 30 29 7.6 -3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.8 50 9 10.7 -0.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 21 8.4 -2.4
DSTX Distillate International Fundamental Stability & Value ETF 0.8 55 4 8.1 -2.6
CGV Conductor Global Equity Value ETF 0.8 130 -71 11.5 +0.7
UEVM VictoryShares Emerging Markets Value Momentum ETF 0.8 45 14 12.9 +2.1
EEM iShares MSCI Emerging Markets ETF 0.8 69 -10 7.1 -3.7
EMM Global X Emerging Markets ex-China ETF 0.8 75 -16 3.7 -7.0
BLES Inspire Global Hope ETF 0.8 61 -2 6.4 -4.4
IBUY Amplify Online Retail ETF 0.8 65 -6 1.8 -9.0
ESGE iShares ESG Aware MSCI EM ETF 0.8 25 34 7.8 -2.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.7 86 -27 2.1 -8.7
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.7 7 52 6.6 -4.2
SPEU SPDR Portfolio Europe ETF 0.7 7 52 6.7 -4.1
VGK Vanguard FTSE Europe ETF 0.7 11 48 7.0 -3.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 26 7.3 -3.5
RODE Hartford Multifactor Diversified International ETF 0.6 29 30 11.7 +1.0
DVYE iShares Emerging Markets Dividend ETF 0.6 49 10 16.8 +6.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 18 7.9 -2.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.6 30 29 8.7 -2.1
BBEU JPMorgan BetaBuilders Europe ETF 0.6 9 50 6.8 -3.9
FLEE Franklin FTSE Europe ETF 0.5 9 50 7.0 -3.8
DAT ProShares Big Data Refiners ETF 0.5 58 1 1.5 -9.3
IQSI IQ Candriam International Equity ETF 0.5 15 44 6.5 -4.3
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.5 29 30 8.3 -2.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.4 20 39 10.9 +0.2
VYMI Vanguard International High Dividend Yield ETF 0.4 22 37 9.9 -0.9
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.4 88 -29 6.3 -4.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.4 39 20 7.4 -3.3
GSID Goldman Sachs MarketBeta International Equity ETF 0.4 20 39 6.8 -4.0
VEA Vanguard FTSE Developed Markets ETF 0.4 5 54 7.1 -3.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.3 24 35 8.7 -2.1
BKIE BNY Mellon International Equity ETF 0.3 4 55 7.0 -3.8
EDIV SPDR S&P Emerging Markets Dividend ETF 0.3 49 10 11.1 +0.3
FILL iShares MSCI Global Energy Producers ETF 0.3 39 20 9.3 -1.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 47 5.1 -5.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 20 10.9 +0.2
DIVI Franklin International Core Dividend Tilt Index ETF 0.3 9 50 8.2 -2.6
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 7.9 -2.9
HFXI IQ FTSE International Equity Currency Neutral ETF 0.3 20 39 6.9 -3.9
SCHF Schwab International Equity ETF 0.3 6 53 7.1 -3.7
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 7.0 -3.7
VSGX Vanguard ESG International Stock ETF 0.3 12 47 6.9 -3.9
GLOF iShares Global Equity Factor ETF 0.3 20 39 7.1 -3.7
VXUS Vanguard Total International Stock ETF 0.3 7 52 7.2 -3.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.3 41 18 6.8 -4.0
DEW WisdomTree Global High Dividend Fund 0.3 58 1 9.3 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 25 6.8 -3.9
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 34 9.2 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 51 7.3 -3.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 14 8.6 -2.1
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 6.9 -3.8
INTF iShares International Equity Factor ETF 0.1 15 44 7.9 -2.8
JPIN J.P. Morgan Diversified Return International Equity ETF 0.1 37 22 8.8 -1.9
VT Vanguard Total World Stock ETF 0.1 7 52 5.9 -4.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 39 5.7 -5.1
ACWI iShares MSCI ACWI ETF 0.1 32 27 5.5 -5.2
GGME Invesco Next Gen Media and Gaming ETF 0.1 60 -1 4.0 -6.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 17 6.9 -3.9
VEGI iShares MSCI Agriculture Producers ETF 0.0 39 20 9.2 -1.5
ESGG FlexShares STOXX Global ESG Select Index Fund 0.0 42 17 5.2 -5.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 50 5.8 -5.0

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 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 11.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 10.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 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.