iShares ESG MSCI EM ETF
ALTAR
Score™
9.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.5x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI EM ESG Optimized ETF& tracks an index of emerging market companies that have been selected and weighted for positive environmental, social, and governance characteristics.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Jun 28, 2016
Assets (mns) $3,419
Currency USD
Expense ratio 25 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Principles-based
Index replication
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 302
Wgt avg mkt cap (mns) $118,630
Large cap (>$10bn) 69.5%
Mid cap ($2-10bn) 26.8%
Small cap (<$2bn) 2.8%
Developed mkts 7.6%
Emerging mkts 90.0%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.0 %
TENCENT HOLDINGS LTD 6.3 %
TAIWAN SEMICONDUCTOR MANUFAC 5.3 %
SAMSUNG ELECTRONICS CO LTD 3.7 %
NASPERS LTD-N SHS 1.4 %
PING AN INSURANCE GROUP CO-H 1.3 %
CHINA CONSTRUCTION BANK-H 1.3 %
E.SUN FINANCIAL HOLDING CO 1.1 %
LUKOIL OAO 1.0 %
INFOSYS TECHNOLOGIES LTD 0.9 %
Total 29.4 %

TOP COUNTRY EXPOSURE
CHINA 32.1 %
TAIWAN 13.9 %
SOUTH KOREA 11.8 %
INDIA 8.3 %
BRAZIL 4.5 %
SOUTH AFRICA 4.4 %
RUSSIA 3.8 %
MALAYSIA 3.1 %
THAILAND 3.1 %
HONG KONG 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.9% -4.6% -- -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.87 65%
MSCI EAFE 1.03 77%
MSCI Emg. Mkts. 0.92 95%

Technical Indicators
Recent close $32.35
30d moving avg. $29.58
Annualized volatility 18.4%
Short interest (ETF) 1.4%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 884
Turnover 0.8%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $20,866

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares ESG MSCI EM ETF ETF based on the alternatives' overlap in portfolio holdings with ESGE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGE Expense: 25 bp ALTAR Score™: 9.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGE
Ticker Fund
Name
Overlap1
vs ESGE
(%)
Expense
ratio
(bp)
Savings
vs ESGE
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGE
(%)
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 55.2 20 5 7.6 -1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 54.7 30 -5 8.7 -0.8
EEM iShares MSCI Emerging Markets ETF 54.6 68 -43 8.1 -1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 53.1 65 -40 8.3 -1.3
EEMA iShares MSCI Emerging Markets Asia ETF 51.7 50 -25 8.3 -1.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 51.0 45 -20 8.6 -0.9
IEMG iShares Core MSCI Emerging Markets ETF 50.1 14 11 8.6 -0.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 48.6 68 -43 7.8 -1.7
FLAX Franklin FTSE Asia Ex Japan ETF 48.3 19 6 8.4 -1.1
SCHE Schwab Emerging Markets Equity ETF 47.9 13 12 8.5 -1.0
DVEM WisdomTree Emerging Markets Dividend Fund 47.4 32 -7 8.9 -0.6
JHEM John Hancock Multifactor Emerging Markets ETF 47.1 55 -30 8.7 -0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 46.6 32 -7 6.7 -2.8
NUEM Nuveen ESG Emerging Markets Equity ETF 46.3 45 -20 7.7 -1.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 43.4 14 11 9.4 -0.1
VWO Vanguard FTSE Emerging Markets ETF 43.3 10 15 8.7 -0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 39.9 95 -70 10.0 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 39.0 11 14 8.5 -1.0
BKF iShares MSCI BRIC ETF 38.8 69 -44 8.3 -1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 37.6 49 -24 8.1 -1.4
EMXC iShares MSCI Emerging Markets ex China ETF 36.8 49 -24 8.2 -1.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 35.4 59 -34 10.9 +1.4
GMF SPDR S&P Emerging Asia Pacific ETF 34.7 49 -24 7.9 -1.6
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 34.3 30 -5 9.2 -0.3
PXH Invesco FTSE RAFI Emerging Markets ETF 33.0 50 -25 13.5 +4.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 32.5 40 -15 7.8 -1.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 31.2 32 -7 7.9 -1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 30.2 49 -24 8.8 -0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 28.4 39 -14 12.9 +3.4
MCHI iShares MSCI China ETF 28.4 59 -34 9.0 -0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 28.0 49 -24 9.0 -0.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.4 32 -7 9.4 -0.1
GXC SPDR S&P China ETF 27.2 59 -34 8.8 -0.7
FLCH Franklin FTSE China ETF 27.1 19 6 9.1 -0.4
AVEM Avantis Emerging Markets Equity ETF 26.0 33 -8 9.4 -0.1
AIA iShares Asia 50 ETF 25.9 50 -25 8.8 -0.7
WCHN WisdomTree ICBCCS S&P China 500 Fund 25.9 55 -30 9.2 -0.3
CN Xtrackers MSCI All China Equity ETF 25.8 50 -25 9.3 -0.3
ISEM Invesco Strategic Emerging Markets ETF 25.2 35 -10 10.2 +0.7
EEMO Invesco S&P Emerging Markets Momentum ETF 25.1 30 -5 7.1 -2.4
FDEM Fidelity Targeted Emerging Markets Factor ETF 24.7 45 -20 9.6 +0.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.2 45 -20 8.8 -0.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 24.1 25 0 8.4 -1.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 23.9 32 -7 6.9 -2.6
AXJL WisdomTree Asia Pacific ex-Japan Fund 23.9 48 -23 10.0 +0.5
CHIL Global X MSCI China Large-Cap 50 ETF 22.9 29 -4 9.4 -0.1
RNEM Emerging Markets Equity Select ETF 22.3 75 -50 10.3 +0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 21.7 16 9 7.1 -2.5
EMMF WisdomTree Emerging Markets Multifactor Fund 21.4 48 -23 9.7 +0.2
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 21.3 64 -39 5.2 -4.3
ROAM Hartford Multifactor Emerging Markets ETF 20.9 44 -19 14.7 +5.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 20.4 45 -20 9.9 +0.4
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 19.7 50 -25 9.7 +0.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.1 86 -61 2.3 -7.2
FDNI First Trust Dow Jones International Internet ETF 18.5 65 -40 2.8 -6.7
BICK First Trust BICK Index Fund 18.1 64 -39 4.4 -5.1
XCEM Columbia EM Core ex-China ETF 18.1 16 9 7.7 -1.8
ECON Columbia Emerging Markets Consumer ETF 17.5 59 -34 4.8 -4.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 17.2 29 -4 9.8 +0.3
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.7 45 -20 13.2 +3.7
KWEB KraneShares CSI China Internet ETF 16.6 76 -51 3.4 -6.1
TTTN UP Fintech China-U.S. Internet Titans ETF 15.9 59 -34 5.0 -4.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.8 40 -15 7.3 -2.2
VSGX Vanguard ESG International Stock ETF 15.5 17 8 7.3 -2.2
PIE Invesco DWA Emerging Markets Momentum ETF 15.4 90 -65 5.7 -3.8
ACWX iShares MSCI ACWI ex U.S. ETF 14.7 32 -7 7.5 -2.0
IXUS ishares Core MSCI Total International Stock ETF 14.1 9 16 7.5 -2.0
VIGI Vanguard International Dividend Appreciation ETF 14.0 25 0 5.9 -3.6
EWT iShares MSCI Taiwan ETF 13.9 59 -34 6.3 -3.2
FLTW Franklin FTSE Taiwan ETF 13.7 19 6 6.6 -2.9
JOYY Infusive Compounding Global Equities ETF 13.3 50 -25 3.9 -5.6
VXUS Vanguard Total International Stock Index Fund 13.3 8 17 7.7 -1.9
FXI iShares China Large-Cap ETF 13.2 74 -49 13.3 +3.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 13.2 60 -35 8.3 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 12.8 8 17 7.7 -1.8
CHIQ Global X China Consumer ETF 11.9 65 -40 9.1 -0.4
DOGS Arrow Dogs of the World ETF 11.8 134 -109 11.5 +2.0
FLKR Franklin FTSE South Korea ETF 11.6 9 16 9.5 -0.0
CWI SPDR MSCI ACWI ex-US ETF 11.5 30 -5 7.6 -1.9
VYMI Vanguard International High Dividend Yield ETF 11.4 32 -7 10.1 +0.6
OGIG O'Shares Global Internet Giants ETF 11.3 48 -23 0.5 -9.0
DEM WisdomTree Emerging Markets High Dividend Fund 11.2 63 -38 13.8 +4.3
EWY iShares MSCI South Korea ETF 11.2 59 -34 8.9 -0.6
FRDM Freedom 100 Emerging Markets ETF 11.1 49 -24 7.2 -2.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.0 80 -55 1.7 -7.8
EMFM Global X MSCI Next Emerging & Frontier ETF 11.0 55 -30 8.6 -1.0
EDIV SPDR S&P Emerging Markets Dividend ETF 10.2 49 -24 11.3 +1.8
DINT Davis Select International ETF 9.8 75 -50 5.8 -3.7
AIQ Global X Future Analytics Tech ETF 9.8 68 -43 4.1 -5.4
FNI First Trust Chindia ETF 9.8 59 -34 3.4 -6.1
CQQQ Invesco China Technology ETF 9.5 70 -45 4.3 -5.2
PGJ Invesco Golden Dragon China ETF 9.4 70 -45 3.4 -6.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.3 20 5 10.8 +1.3
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 9.0 18 7 6.0 -3.5
BUYZ Franklin Disruptive Commerce ETF 9.0 50 -25 -0.1 -9.6
FEM First Trust Emerging Markets AlphaDEX Fund 8.8 80 -55 11.5 +2.0
GBUY Goldman Sachs Motif New Age Consumer ETF 8.7 50 -25 2.1 -7.4
GENY Principal Millennials Index ETF 8.6 45 -20 3.9 -5.6
PNQI Invesco NASDAQ Internet ETF 8.5 62 -37 1.2 -8.3
ONLN ProShares Online Retail ETF 8.2 58 -33 1.6 -7.9

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 ESG MSCI EM ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 9.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.