iShares MSCI Poland ETF
ALTAR
Score™		 9.6% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 10.7x P/Sales
ratio		 0.9x
P/BV
ratio		 1.3x Div.
yield		 3.0%


  • 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) $523
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 33
Wgt avg mkt cap (mns) $12,772
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 14.7 %
POLSKI KONCERN NAFTOWY SA 10.8 %
POWSZECHNY ZAKLAD UBEZPIECZE 8.2 %
BANK PEKAO SA 7.5 %
KGHM POLSKA MIEDZ S.A. 6.2 %
ALLEGRO.EU SA 4.4 %
LPP SA 4.1 %
DINO POLSKA SA 3.6 %
BANK ZACHODNI WBK SA 3.4 %
CD PROJEKT S.A. 3.1 %
Total 66.1 %

TOP COUNTRY EXPOSURE
POLAND 86.9 %
LUXEMBOURG 4.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
77.3% 77.3% 17.1% 9.8% 5.3%

Market Correlations
versus... Beta R-squared
S&P500 0.90 39%
MSCI EAFE 1.31 59%
MSCI Emg. Mkts. 1.05 44%

Technical Indicators
Recent close $36.20
30d moving avg. $34.39
Annualized volatility 26.1%
Short interest (ETF) 5.1%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 361
Turnover 2.5%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $153

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 141 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™: 9.6%


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
(%)
JIVE JPMorgan International Value ETF 10.8 55 4 9.7 +0.1
FRDM Freedom 100 Emerging Markets ETF 10.0 49 10 5.9 -3.6
GVAL Cambria Global Value ETF 8.7 68 -9 9.4 -0.2
FTHF First Trust Emerging Markets Human Flourishing ETF 7.5 75 -16 7.5 -2.1
DVYE iShares Emerging Markets Dividend ETF 7.0 49 10 17.0 +7.4
IDOG ALPS International Sector Dividend Dogs ETF 6.1 50 9 10.6 +1.1
COPX Global X Copper Miners ETF 5.8 65 -6 4.4 -5.2
CRAK VanEck Oil Refiners ETF 5.7 61 -2 11.2 +1.6
EMDM First Trust Bloomberg Emerging Market Democracies ETF 5.6 75 -16 8.5 -1.1
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 5.6 58 1 7.4 -2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.7 32 27 5.3 -4.2
DEM WisdomTree Emerging Markets High Dividend Fund 4.7 63 -4 12.0 +2.4
EYLD Cambria Emerging Shareholder Yield ETF 4.1 66 -7 10.7 +1.1
SDEM Global X MSCI SuperDividend Emerging Markets ETF 4.1 67 -8 13.6 +4.0
FDD First Trust Stoxx European Select Dividend Index Fund 3.9 58 1 9.9 +0.3
SILJ ETFMG Prime Junior Silver Miners ETF 3.6 69 -10 0.2 -9.4
OBOR KraneShares MSCI One Belt One Road Index ETF 3.5 79 -20 7.2 -2.4
EBIZ Global X E-Commerce ETF 3.4 50 9 3.3 -6.3
XC WisdomTree Emerging Markets Ex-China Fund 3.2 32 27 5.5 -4.1
ICOP iShares Copper and Metals Mining ETF 3.2 47 12 5.9 -3.7
ESPO VanEck Video Gaming and eSports ETF 3.1 56 3 4.9 -4.7
HERO Global X Video Games & Esports ETF 3.1 50 9 4.2 -5.3
OND ProShares On-Demand ETF 2.9 58 1 -0.6 -10.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.9 47 12 7.0 -2.5
ROAM Hartford Multifactor Emerging Markets ETF 2.7 44 15 10.4 +0.8
IQDF FlexShares International Quality Dividend Index Fund 2.7 47 12 7.7 -1.9
AGMI Themes Silver Miners ETF 2.4 35 24 3.0 -6.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 2.3 95 -36 10.3 +0.8
NERD Roundhill Video Games ETF 2.3 50 9 6.2 -3.4
GMET VanEck Green Metals ETF 2.1 63 -4 5.6 -4.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 24 35 6.4 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 2.1 48 11 6.1 -3.5
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -21 10.3 +0.7
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.1 58 1 8.6 -1.0
FMQQ FMQQ The Next Frontier Internet & Ecommerce ETF 2.1 86 -27 0.4 -9.2
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.0 45 14 9.5 -0.1
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.9 88 -29 7.4 -2.2
RNEM First Trust Emerging Markets Equity Select ETF 1.9 75 -16 7.8 -1.8
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.8 80 -21 12.6 +3.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.8 33 26 6.9 -2.7
EEMO Invesco S&P Emerging Markets Momentum ETF 1.7 29 30 7.0 -2.6
WWJD Inspire International ETF 1.7 80 -21 6.4 -3.1
LDEM iShares ESG MSCI EM Leaders ETF 1.6 17 42 11.4 +1.8
XCEM Columbia EM Core ex-China ETF 1.6 16 43 6.6 -3.0
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 44 6.3 -3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.5 45 14 8.5 -1.1
EEMS iShares MSCI Emerging Markets Small Cap ETF 1.5 70 -11 6.9 -2.7
EMXC iShares MSCI Emerging Markets ex China ETF 1.5 25 34 5.8 -3.7
SCHC Schwab International Small-Cap Equity ETF 1.4 11 48 6.8 -2.8
SETM Sprott Energy Transition Materials ETF 1.4 65 -6 1.5 -8.1
STXE Strive Emerging Markets Ex-China ETF 1.4 32 27 6.2 -3.4
EMXF iShares ESG Advanced MSCI EM ETF 1.4 16 43 7.2 -2.4
VIDI Vident International Equity Strategy ETF 1.4 61 -2 9.3 -0.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.3 49 10 8.3 -1.3
DFEV Dimensional Emerging Markets Value ETF 1.3 43 16 10.6 +1.0
DEXC Dimensional Emerging Markets ex China Core EquityETF 1.3 53 6 6.1 -3.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.2 35 24 11.9 +2.3
AVES Avantis Emerging Markets Value ETF 1.2 36 23 9.6 -0.0
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 52 9.3 -0.3
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 23 6.7 -2.9
AVEM Avantis Emerging Markets Equity ETF 1.2 33 26 7.3 -2.3
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 18 5.3 -4.3
ODDS Pacer BlueStar Digital Entertainment ETF 1.2 60 -1 2.8 -6.8
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 50 8.5 -1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.2 32 27 7.0 -2.5
EMGF iShares Emerging Markets Equity Factor ETF 1.1 25 34 9.5 -0.1
AVSE Avantis Responsible Emerging Markets Equity ETF 1.1 33 26 7.0 -2.6
EEM iShares MSCI Emerging Markets ETF 1.1 69 -10 8.1 -1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -7 7.7 -1.9
FNDC Schwab Fundamental International Small Co. Index ETF 1.1 39 20 5.3 -4.3
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 1.0 49 10 6.2 -3.4
DFAE Dimensional Emerging Core Equity Market ETF 1.0 35 24 7.5 -2.1
PICK iShares MSCI Global Metals & Mining Producers ETF 1.0 39 20 9.0 -0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 9 9.4 -0.2
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 21 7.6 -2.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 1.0 41 18 7.1 -2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.0 30 29 8.1 -1.5
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 1.0 8 51 6.5 -3.1
SPEU SPDR Portfolio Europe ETF 0.9 7 52 6.3 -3.3
ESGE iShares ESG Aware MSCI EM ETF 0.9 25 34 8.5 -1.1
VGK Vanguard FTSE Europe ETF 0.9 6 53 6.4 -3.2
BLES Inspire Global Hope ETF 0.9 61 -2 6.1 -3.5
EWX SPDR S&P Emerging Markets Small Cap ETF 0.8 65 -6 7.1 -2.5
EMM Global X Emerging Markets ex-China ETF 0.8 75 -16 5.6 -4.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.8 25 34 10.8 +1.2
IQSI IQ Candriam International Equity ETF 0.8 15 44 5.6 -4.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.8 30 29 7.6 -2.0
BBEU JPMorgan BetaBuilders Europe ETF 0.7 9 50 6.2 -3.4
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 0.7 24 35 6.4 -3.1
ION ProShares S&P Global Core Battery Metals ETF 0.7 58 1 5.5 -4.1
AVEE Avantis Emerging Markets Small Cap Equity ETF 0.7 42 17 8.6 -0.9
FLEE Franklin FTSE Europe ETF 0.7 9 50 6.3 -3.3
FDNI First Trust Dow Jones International Internet ETF 0.7 65 -6 18.5 +8.9
IBUY Amplify Online Retail ETF 0.7 65 -6 1.3 -8.3
DIVI Franklin International Core Dividend Tilt Index ETF 0.7 9 50 6.9 -2.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.6 39 20 6.8 -2.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.6 33 26 8.2 -1.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.5 86 -27 11.7 +2.2
GSID Goldman Sachs MarketBeta International Equity ETF 0.5 20 39 5.8 -3.7
DOL WisdomTree International LargeCap Dividend Fund 0.5 48 11 6.1 -3.4
BKIE BNY Mellon International Equity ETF 0.5 4 55 6.0 -3.6
VEA Vanguard FTSE Developed Markets ETF 0.5 3 56 6.1 -3.5
IEUS iShares MSCI Europe Small-Cap ETF 0.5 42 17 6.6 -3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 0.4 29 30 8.1 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 0.4 25 34 8.2 -1.4
IPAV Global X Infrastructure Development ex-U.S. ETF 0.4 55 4 5.9 -3.6
HFXI IQ FTSE International Equity Currency Neutral ETF 0.4 20 39 6.0 -3.6
EDIV SPDR S&P Emerging Markets Dividend ETF 0.4 49 10 8.7 -0.8
VYMI Vanguard International High Dividend Yield ETF 0.4 17 42 8.3 -1.3
JPIN J.P. Morgan Diversified Return International Equity ETF 0.4 37 22 7.3 -2.3
SCHF Schwab International Equity ETF 0.4 6 53 6.2 -3.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 18 6.4 -3.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 29 6.6 -3.0
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 52 6.7 -2.8
VXUS Vanguard Total International Stock ETF 0.3 5 54 6.8 -2.8
VSGX Vanguard ESG International Stock ETF 0.3 10 49 6.7 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 25 6.5 -3.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.3 18 41 6.5 -3.1
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 47 4.3 -5.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 0.3 45 14 7.5 -2.1
EMC Global X Emerging Markets Great Consumer ETF 0.3 75 -16 7.0 -2.6
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 13 8.5 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 4 55 6.9 -2.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 6.5 -3.1
INTF iShares International Equity Factor ETF 0.2 15 44 6.6 -3.0
JSTC Adasina Social Justice All Cap Global ETF 0.2 89 -30 4.2 -5.4
GGME Invesco Next Gen Media and Gaming ETF 0.2 60 -1 4.2 -5.4
SCZ iShares MSCI EAFE Small-Cap ETF 0.2 40 19 6.2 -3.4
GLOF iShares Global Equity Factor ETF 0.2 20 39 5.9 -3.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 39 4.8 -4.8
DEW WisdomTree Global High Dividend Fund 0.2 58 1 7.6 -1.9
VT Vanguard Total World Stock ETF 0.1 6 53 5.1 -4.5
ACWI iShares MSCI ACWI ETF 0.1 32 27 4.7 -4.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 50 4.9 -4.7
IMFL Invesco International Developed Dynamic Multifactor ETF 0.1 34 25 5.1 -4.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.1 25 34 5.9 -3.7
ESGG FlexShares STOXX Global ESG Select Index Fund 0.1 42 17 4.7 -4.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.1 42 17 5.5 -4.1
VEGI iShares MSCI Agriculture Producers ETF 0.1 39 20 8.3 -1.2
IGRO iShares International Dividend Growth ETF 0.0 15 44 6.3 -3.3
IEFA iShares Core MSCI EAFE ETF 0.0 7 52 6.1 -3.5

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 13.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.80 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.