iShares MSCI All Peru Capped ETF
ALTAR
Score™
5.2% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
27.9x P/Sales
ratio
2.0x
P/BV
ratio
1.5x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI All Peru Capped Index Fund objective seeks to provide investment results that correspond to the performance of the Peruvian market, as measured by the MSCI All Peru Capped Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Jun 19, 2009
Assets (mns) $89
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 25
Wgt avg mkt cap (mns) $9,412
Large cap (>$10bn) 39.7%
Mid cap ($2-10bn) 31.3%
Small cap (<$2bn) 29.0%
Developed mkts 23.1%
Emerging mkts 76.9%

TOP TEN HOLDINGS
CREDICORP LTD 19.1 %
SOUTHERN COPPER CORP 15.6 %
CIA DE MINAS BUENAVENTUR-ADR 10.7 %
HOCHSCHILD MINING PLC 5.8 %
INTERGROUP FINANCIAL -CMN 3.9 %
LUZ DEL SUR SAA-COMUN 3.9 %
ALICORP S.A.-COMUN 3.9 %
PAN AMERICAN SILVER CORP 3.5 %
FERREYROS S.A.-COMUN 3.2 %
SILVER WHEATON CORP 2.9 %
Total 72.5 %

TOP COUNTRY EXPOSURE
PERU 61.6 %
UNITED STATES 15.6 %
CANADA 6.4 %
BRITAIN 5.8 %
CHILE 4.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-16.3% -12.8% 4.8% 0.9% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 1.01 50%
MSCI EAFE 1.32 73%
MSCI Emg. Mkts. 1.06 78%

Technical Indicators
Recent close $31.34
30d moving avg. $29.40
Annualized volatility 24.3%
Short interest (ETF) 0.3%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.3%
Bid/Ask (% of price) 0.73%
ADV underlying (mns) $226

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares MSCI All Peru Capped ETF ETF based on the alternatives' overlap in portfolio holdings with EPU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EPU Expense: 59 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPU
Ticker Fund
Name
Overlap1
vs EPU
(%)
Expense
ratio
(bp)
Savings
vs EPU
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPU
(%)
SIL Global X Silver Miners ETF 13.7 66 -7 1.2 -4.0
SILJ ETFMG Prime Junior Silver ETF 12.0 69 -10 0.2 -5.0
SLVP iShares MSCI Global Silver Miners ETF 9.1 39 20 1.2 -4.0
GOAU U.S. Global GO GOLD & Precious Metal Miners ETF 8.2 60 -1 2.0 -3.2
FCAN First Trust Canada AlphaDex Fund 5.4 80 -21 3.6 -1.6
COPX Global X Copper Miners ETF 4.8 65 -6 6.1 +0.9
ECH iShares MSCI Chile ETF 4.7 59 0 7.9 +2.7
ILF iShares Latin America 40 ETF 4.6 48 11 6.8 +1.6
RING iShares MSCI Global Gold Miners ETF 4.0 39 20 2.8 -2.4
BOUT Innovator IBD Breakout Opportunities ETF 2.9 84 -25 3.9 -1.3
NANR SPDR S&P North American Natural Resources ETF 2.9 35 24 3.4 -1.8
SGDM Sprott Gold Miners ETF 2.9 50 9 2.3 -2.9
GDXJ VanEck Vectors Junior Gold Miners ETF 2.7 53 6 2.1 -3.0
PID Invesco International Dividend Achievers ETF 2.2 54 5 9.4 +4.2
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 2.2 70 -11 7.2 +2.0
FXZ First Trust Materials AlphaDEX Fund 2.0 65 -6 7.2 +2.1
EWC iShares MSCI Canada ETF 2.0 49 10 6.5 +1.3
FLCA Franklin FTSE Canada ETF 1.9 9 50 7.0 +1.8
FRDM Freedom 100 Emerging Markets ETF 1.9 49 10 6.5 +1.3
GNR SPDR S&P Global Natural Resources ETF 1.8 40 19 6.3 +1.1
BBCA JPMorgan BetaBuilders Canada ETF 1.7 19 40 6.7 +1.5
GUNR Flexshares Morningstar Global Upstream Natural Resources 1.7 46 13 5.4 +0.3
QCAN SPDR MSCI Canada Quality Mix ETF 1.7 14 45 6.7 +1.6
EMFM Global X MSCI Next Emerging & Frontier ETF 1.5 66 -7 9.1 +3.9
MXI iShares Global Materials ETF 1.4 46 13 5.7 +0.5
GOEX Global X Gold Explorers ETF 1.4 65 -6 2.5 -2.7
GRES IQ Global Resources ETF 1.3 77 -18 7.3 +2.2
VRAI Virtus Real Asset Income ETF 1.3 55 4 11.6 +6.4
ABEQ Absolute Core Strategy ETF 1.3 85 -26 4.5 -0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 1.3 40 19 7.1 +1.9
FLLA Franklin FTSE Latin America ETF 1.2 19 40 6.6 +1.4
GCOW Pacer Global High Dividend ETF 1.1 60 -1 10.4 +5.2
AIIQ AI Powered International Equity ETF 1.1 79 -20 3.7 -1.5
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.1 49 10 7.6 +2.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 1.0 30 29 4.3 -0.9
GDX VanEck Vectors Gold Miners ETF 0.9 52 7 2.4 -2.8
CZA Invesco Zacks Mid-Cap ETF 0.8 76 -17 6.0 +0.8
FLN First Trust Latin America AlphaDEX Fund 0.8 80 -21 7.4 +2.3
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 0.7 25 34 7.7 +2.5
JDIV JPMorgan U.S. Dividend ETF 0.7 12 47 7.7 +2.5
JHMA John Hancock Multifactor Materials ETF 0.7 40 19 6.5 +1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 0.6 32 27 6.4 +1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.6 39 20 6.7 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 0.5 11 48 7.7 +2.5
VIDI Vident International Equity Fund 0.5 59 0 11.2 +6.0
EMXC iShares MSCI Emerging Markets ex China ETF 0.5 25 34 8.0 +2.8
SCHC Schwab International Small-Cap Equity ETF 0.5 11 48 6.6 +1.5
IDMO Invesco S&P International Developed Momentum ETF 0.5 26 33 4.5 -0.7
SGDJ Sprott Junior Gold Miners ETF 0.5 50 9 2.5 -2.7
JPUS JPMorgan Diversified Return U.S. Equity ETF 0.5 18 41 6.0 +0.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 0.5 35 24 8.6 +3.5
FDEV Fidelity Targeted International Factor ETF 0.4 39 20 6.6 +1.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.4 20 39 11.1 +6.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.4 30 29 8.5 +3.4
FNDC Schwab Fundamental International Small Co. Index ETF 0.4 39 20 7.3 +2.1
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.4 11 48 6.4 +1.3
ROAM Hartford Multifactor Emerging Markets ETF 0.3 44 15 14.5 +9.4
AVEM Avantis Emerging Markets Equity ETF 0.3 33 26 8.6 +3.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.3 59 0 10.8 +5.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 0.3 30 29 7.6 +2.4
BFOR Barron's 400 ETF 0.3 65 -6 6.1 +0.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.3 65 -6 7.3 +2.1
EEM iShares MSCI Emerging Markets ETF 0.3 68 -9 7.2 +2.0
IGRO iShares International Dividend Growth ETF 0.3 22 37 8.1 +2.9
IEMG iShares Core MSCI Emerging Markets ETF 0.3 13 46 7.7 +2.5
QINT American Century Quality Diversified International ETF 0.3 39 20 5.7 +0.5
EWUS iShares MSCI United Kingdom Small Cap ETF 0.2 59 0 8.5 +3.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 43 6.8 +1.7
ISZE iShares Edge MSCI Intl Size Factor ETF 0.2 30 29 7.3 +2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.2 40 19 7.0 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 0.2 32 27 7.2 +2.0
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 29 7.1 +1.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 0.2 45 14 7.2 +2.0
ISEM Invesco Strategic Emerging Markets ETF 0.2 35 24 10.2 +5.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 39 5.9 +0.8
IXUS ishares Core MSCI Total International Stock ETF 0.2 9 50 7.3 +2.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 48 8.2 +3.1
IDEV iShares Core MSCI International Developed Markets ETF 0.2 5 54 7.2 +2.0
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 0.2 39 20 4.0 -1.2
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.2 40 19 8.6 +3.5
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 39 5.4 +0.3
HAP VanEck Vectors Natural Resources ETF 0.2 50 9 6.0 +0.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 0.2 25 34 6.2 +1.1
AVDE Avantis International Equity ETF 0.2 23 36 7.8 +2.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 23 7.9 +2.8
VEA Vanguard FTSE Developed Markets ETF 0.2 5 54 7.4 +2.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.2 20 39 5.9 +0.7
BKIE BNY Mellon International Equity ETF 0.2 4 55 7.4 +2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.2 39 20 6.5 +1.3
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 0.2 29 30 6.7 +1.6
JKG iShares Morningstar Mid-Cap ETF 0.2 25 34 5.3 +0.1
AVDV Avantis International Small Cap Value ETF 0.2 36 23 7.7 +2.5
VSGX Vanguard ESG International Stock ETF 0.2 17 42 7.1 +1.9
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.2 63 -4 12.4 +7.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 0.2 50 9 10.2 +5.0
VXUS Vanguard Total International Stock Index Fund 0.2 8 51 7.5 +2.3
IXG iShares Global Financials ETF 0.2 46 13 10.0 +4.8
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.2 49 10 6.6 +1.4

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 All Peru Capped ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 CATEGORY
AVERAGE
1.45
 
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.