iShares MSCI Poland Capped ETF
ALTAR
Score™
12.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.9x P/Sales
ratio
0.6x
P/BV
ratio
0.7x Div.
yield
4.3%


  • 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 26, 2010
Assets (mns) $197
Currency USD
Expense ratio 61 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 35
Wgt avg mkt cap (mns) $4,235
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 79.7%
Small cap (<$2bn) 20.3%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
CD PROJEKT S.A. 11.9 %
PKO BANK POLSKI SA 11.8 %
POLSKI KONCERN NAFTOWY SA 11.3 %
POWSZECHNY ZAKLAD UBEZPIECZE 11.0 %
DINO POLSKA SA 5.2 %
CYFROWY POLSAT SA 4.0 %
KGHM POLSKA MIEDZ S.A. 4.0 %
POLSKIE GORNICTWO NAFTOWE I 3.8 %
LPP SA 3.6 %
GRUPA LOTOS SA 3.5 %
Total 70.3 %

TOP COUNTRY EXPOSURE
POLAND 99.1 %










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.
-34.8% -38.5% -8.2% -- -3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.06 46%
MSCI EAFE 1.28 64%
MSCI Emg. Mkts. 1.12 72%

Technical Indicators
Recent close $13.21
30d moving avg. $15.24
Annualized volatility 24.0%
Short interest (ETF) 7.8%
Relative strength (RSI) 31

Liquidity measures
Avg. volume (thou.) 523
Turnover 3.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $233

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI Poland Capped 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: 61 bp ALTAR Score™: 12.9%


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
(%)
DOGS Arrow Dogs of the World ETF 17.0 134 -73 13.9 +1.0
FRDM Freedom 100 Emerging Markets ETF 14.5 49 12 9.2 -3.7
CRAK VanEck Vectors Oil Refiners ETF 7.9 60 1 18.4 +5.5
GVAL Cambria Global Value ETF 5.6 69 -8 13.9 +1.0
FEM First Trust Emerging Markets AlphaDEX Fund 4.6 80 -19 14.7 +1.8
ESPO VanEck Vectors Video Gaming & eSports ETF 4.6 55 6 3.6 -9.3
COPX Global X Copper Miners ETF 4.0 65 -4 11.0 -1.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.0 60 1 13.1 +0.2
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 3.7 25 36 2.6 -10.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 3.5 80 -19 2.2 -10.7
GAMR ETFMG Video Game Tech ETF 2.8 75 -14 4.8 -8.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 2.7 45 16 16.3 +3.4
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 17 17.8 +4.9
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 2.5 51 10 20.4 +7.5
EMFM Global X MSCI Next Emerging & Frontier ETF 2.4 55 6 10.2 -2.7
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 1.9 50 11 12.6 -0.4
XCEM Columbia EM Core ex-China ETF 1.8 16 45 9.7 -3.2
OBOR KraneShares MSCI One Belt One Road Index ETF 1.7 79 -18 11.6 -1.3
RNEM Emerging Markets Equity Select ETF 1.4 75 -14 11.6 -1.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.3 49 12 10.3 -2.6
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 49 12 10.3 -2.6
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 1.2 80 -19 18.4 +5.5
EMCG WisdomTree Emerging Markets Consumer Growth Fund 1.1 32 29 9.2 -3.7
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -34 12.3 -0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.0 45 16 8.8 -4.1
EDIV SPDR S&P Emerging Markets Dividend ETF 1.0 49 12 13.3 +0.4
FNDC Schwab Fundamental International Small Co. Index ETF 1.0 39 22 9.6 -3.3
EWX SPDR S&P Emerging Markets Small Cap ETF 0.9 65 -4 8.7 -4.2
AVEM Avantis Emerging Markets Equity ETF 0.9 33 28 11.7 -1.2
DVYE iShares Emerging Markets Dividend ETF 0.9 49 12 15.1 +2.2
JHEM John Hancock Multifactor Emerging Markets ETF 0.9 55 6 10.8 -2.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.8 32 29 8.5 -4.5
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.8 69 -8 9.9 -3.0
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 0.8 51 10 13.8 +0.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 41 9.2 -3.7
ISEM Invesco Strategic Emerging Markets ETF 0.8 35 26 11.9 -1.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.8 59 2 13.2 +0.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 0.8 45 16 10.3 -2.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 12 9.3 -3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.7 29 32 12.5 -0.4
DEM WisdomTree Emerging Markets High Dividend Fund 0.7 63 -2 16.6 +3.7
IEMG iShares Core MSCI Emerging Markets ETF 0.7 14 47 10.5 -2.4
NUEM Nuveen ESG Emerging Markets Equity ETF 0.7 45 16 9.3 -3.6
EEM iShares MSCI Emerging Markets ETF 0.7 68 -7 10.0 -2.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 0.7 47 14 17.4 +4.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 0.7 47 14 15.5 +2.6
JPEU JPMorgan Diversified Return Europe Equity ETF 0.7 37 24 8.8 -4.2
SPEM SPDR Portfolio Emerging Markets ETF 0.7 11 50 10.2 -2.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.7 63 -2 16.2 +3.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.7 65 -4 10.0 -2.9
SOIL Global X Fertilizers/Potash ETF 0.7 69 -8 7.4 -5.5
WWJD Inspire International ESG ETF 0.7 80 -19 10.8 -2.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.6 49 12 11.1 -1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.6 30 31 10.4 -2.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 30 31 12.2 -0.7
ESGE iShares ESG MSCI EM ETF 0.6 25 36 11.6 -1.3
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 14 16.2 +3.3
VGK Vanguard FTSE Europe ETF 0.5 8 53 9.3 -3.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 0.5 64 -3 7.7 -5.2
DVEM WisdomTree Emerging Markets Dividend Fund 0.5 32 29 11.0 -1.9
FEU SPDR Portfolio Europe ETF 0.5 9 52 9.2 -3.7
FILL iShares MSCI Global Energy Producers ETF 0.5 39 22 8.5 -4.4
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 22 10.9 -2.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.5 30 31 10.8 -2.1
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 0.4 30 31 8.6 -4.3
FLEE Franklin FTSE Europe ETF 0.4 9 52 8.8 -4.1
KOL VanEck Vectors Coal ETF 0.4 60 1 23.2 +10.3
FLEH Franklin FTSE Europe Hedged ETF 0.4 9 52 8.8 -4.1
SCHC Schwab International Small-Cap Equity ETF 0.4 12 49 9.5 -3.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 0.4 45 16 11.6 -1.3
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.3 11 50 9.2 -3.7
BLES Inspire Global Hope Large Cap ETF 0.3 61 0 9.1 -3.8
FNDF Schwab Fundamental International Large Co. Index ETF 0.3 25 36 11.2 -1.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 0.3 29 32 14.7 +1.8
VEA Vanguard FTSE Developed Markets ETF 0.3 5 56 9.5 -3.4
HFXI IQ 50 Percent Hedged FTSE International ETF 0.2 20 41 9.5 -3.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.2 7 54 9.6 -3.3
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.2 24 37 9.3 -3.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.2 32 29 11.4 -1.5
SCHF Schwab International Equity ETF 0.2 6 55 9.4 -3.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 45 8.8 -4.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 29 9.4 -3.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.2 20 41 13.0 +0.1
HAP VanEck Vectors Natural Resources ETF 0.2 50 11 8.5 -4.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.2 45 16 11.5 -1.4
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 52 9.5 -3.4
VXUS Vanguard Total International Stock Index Fund 0.2 8 53 9.7 -3.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 40 21 9.2 -3.7
VEU Vanguard FTSE All-World ex-US Index Fund 0.2 8 53 9.7 -3.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.2 45 16 11.8 -1.1
OEUR O'shares FTSE Europe Quality Dividend ETF 0.2 48 13 7.7 -5.2
VSGX Vanguard ESG International Stock ETF 0.2 17 44 9.2 -3.8
VYMI Vanguard International High Dividend Yield ETF 0.2 32 29 12.4 -0.5
CWI SPDR MSCI ACWI ex-US ETF 0.1 30 31 9.4 -3.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.1 25 36 9.7 -3.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 41 8.2 -4.7
VT Vanguard Total World Stock Index Fund 0.1 8 53 8.2 -4.7
VEGI iShares MSCI Global Agriculture Producers ETF 0.1 39 22 7.5 -5.4
ACWI iShares MSCI ACWI ETF 0.1 32 29 7.8 -5.1
JPIN JPMorgan Diversified Return International Equity ETF 0.1 38 23 9.9 -3.0

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

  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 Poland Capped 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 9.2 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 12.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.57
 
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.