iShares MSCI Russia ETF
ALTAR
Score™		 11.3% info Recommen-
dation		 SPECULATIVE
2024E    2025E
P/E
ratio		 0.0x P/Sales
ratio		 0.0x
P/BV
ratio		 1.5x Div.
yield		 0.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Russia Capped Index Fund seeks to track the performance of the MSCI Russia 25/50 Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Nov 09, 2010
Assets (mns) $111
Currency USD
Expense ratio 8 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 26
Wgt avg mkt cap (mns) $37,645
Large cap (>$10bn) 80.4%
Mid cap ($2-10bn) 19.0%
Small cap (<$2bn) 0.6%
Developed mkts 3.1%
Emerging mkts 96.9%

TOP TEN HOLDINGS
MMC NORILSK NICKEL OJSC 81.7 %
LUKOIL OAO 3.7 %
SBERBANK 3.2 %
GAZPROM OAO 2.3 %
TATNEFT-CLS 1.4 %
NOVATEK OAO 0.9 %
ROSNEFT OAO 0.8 %
POLYUS GOLD OJSC 0.7 %
SEVERSTAL 0.6 %
MOSCOW EXCHANGE MICEX-RTS PJSC 0.6 %
Total 96.0 %

TOP COUNTRY EXPOSURE
RUSSIA 99.4 %
CYPRUS 0.6 %









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.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 0.66 3%
MSCI EAFE 0.80 3%
MSCI Emg. Mkts. 0.94 5%

Technical Indicators
Recent close $8.06
30d moving avg. $0.00
Annualized volatility 74.3%
Short interest (ETF) 0.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $619

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 60 potential alternatives to the iShares MSCI Russia ETF ETF based on the alternatives' overlap in portfolio holdings with ERUS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ERUS Expense: 8 bp ALTAR Score™: 11.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ERUS
Ticker Fund
Name		 Overlap1
vs ERUS
(%)		 Expense
ratio
(bp)		 Savings
vs ERUS
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ERUS
(%)
PICK iShares MSCI Global Metals & Mining Producers ETF 51.4 39 -31 10.9 -0.4
DVYE iShares Emerging Markets Dividend ETF 38.2 49 -41 16.7 +5.5
BKF iShares MSCI BIC ETF 34.8 69 -61 7.4 -3.9
EEM iShares MSCI Emerging Markets ETF 19.5 69 -61 7.1 -4.1
IEMG iShares Core MSCI Emerging Markets ETF 11.8 9 -1 7.7 -3.6
LDEM iShares ESG MSCI EM Leaders ETF 5.1 17 -9 8.0 -3.3
RNEM First Trust Emerging Markets Equity Select ETF 4.5 75 -67 8.4 -2.9
ACWX iShares MSCI ACWI ex U.S. ETF 4.4 34 -26 6.8 -4.5
EMXC iShares MSCI Emerging Markets ex China ETF 4.1 25 -17 6.7 -4.5
ESGE iShares ESG Aware MSCI EM ETF 4.1 25 -17 7.8 -3.4
IXUS iShares Core MSCI Total International Stock ETF 3.4 7 1 7.0 -4.3
GVAL Cambria Global Value ETF 3.1 68 -60 12.7 +1.4
GMET VanEck Green Metals ETF 2.8 63 -55 9.9 -1.4
FILL iShares MSCI Global Energy Producers ETF 2.1 39 -31 9.2 -2.0
EYLD Cambria Emerging Shareholder Yield ETF 2.1 66 -58 12.2 +1.0
LEGR First Trust Indxx Innovative Transaction & Process ETF 2.0 65 -57 8.5 -2.7
ACWI iShares MSCI ACWI ETF 1.9 32 -24 5.5 -5.8
VWO Vanguard FTSE Emerging Markets ETF 1.8 8 0 7.7 -3.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.5 30 -22 8.7 -2.6
EMGF iShares Emerging Markets Equity Factor ETF 1.5 25 -17 8.8 -2.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.5 95 -87 11.6 +0.4
HAP VanEck Natural Resources ETF 1.3 50 -42 9.6 -1.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.1 30 -22 7.7 -3.6
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.0 45 -37 12.9 +1.6
FEM First Trust Emerging Markets AlphaDEX Fund 1.0 80 -72 16.5 +5.3
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.9 67 -59 17.3 +6.0
FDEM Fidelity Emerging Markets Multifactor ETF 0.8 25 -17 12.3 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 0.8 7 1 7.6 -3.6
RING iShares MSCI Global Gold Miners ETF 0.7 39 -31 5.9 -5.3
SDIV Global X Superdividend ETF 0.6 58 -50 18.1 +6.9
GNR SPDR S&P Global Natural Resources ETF 0.6 40 -32 9.3 -2.0
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.6 44 -36 10.4 -0.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 0.6 49 -41 19.2 +7.9
FTAG First Trust Indxx Global Agriculture ETF 0.6 70 -62 9.2 -2.1
MOO VanEck Agribusiness ETF 0.6 53 -45 9.5 -1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.6 70 -62 11.4 +0.1
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 -25 7.3 -4.0
VRAI Virtus Real Asset Income ETF 0.5 55 -47 8.7 -2.6
VXUS Vanguard Total International Stock ETF 0.5 7 1 7.2 -4.0
VYMI Vanguard International High Dividend Yield ETF 0.4 22 -14 9.9 -1.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 0.4 25 -17 7.1 -4.2
VEGI iShares MSCI Agriculture Producers ETF 0.4 39 -31 9.3 -2.0
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 -22 6.9 -4.3
DWX SPDR S&P International Dividend ETF 0.3 45 -37 7.2 -4.0
EDIV SPDR S&P Emerging Markets Dividend ETF 0.3 49 -41 11.1 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 0.3 8 0 7.3 -4.0
EMXF iShares ESG Advanced MSCI EM ETF 0.3 16 -8 7.6 -3.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 -12 5.6 -5.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.3 20 -12 6.8 -4.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.2 50 -42 10.7 -0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.2 12 -4 5.1 -6.2
VSGX Vanguard ESG International Stock ETF 0.2 12 -4 6.9 -4.4
VT Vanguard Total World Stock ETF 0.1 7 1 5.9 -5.4
GLOF iShares Global Equity Factor ETF 0.1 20 -12 7.1 -4.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.1 9 -1 5.8 -5.5
AVEM Avantis Emerging Markets Equity ETF 0.1 33 -25 9.3 -1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.1 39 -31 12.9 +1.6
AVES Avantis Emerging Markets Value ETF 0.0 36 -28 12.3 +1.1
SCHE Schwab Emerging Markets Equity ETF 0.0 11 -3 7.7 -3.5
SCHY Schwab International Dividend Equity ETF 0.0 14 -6 9.4 -1.9

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 Russia 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 16.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 8 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

 

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.