iShares MSCI Europe Financials ETF
ALTAR
Score™
13.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.8x P/Sales
ratio
0.9x
P/BV
ratio
0.5x Div.
yield
5.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Europe Financial Sector Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond generally to the price and yield performance of the MSCI Europe Financial Sector Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 22, 2010
Assets (mns) $380
Currency USD
Expense ratio 48 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 82
Wgt avg mkt cap (mns) $31,571
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HSBC HOLDINGS PLC 8.6 %
ALLIANZ SE-REG 6.5 %
ZURICH FINANCIAL SERVICES AG 4.0 %
UBS GROUP AG 3.5 %
BNP PARIBAS 3.2 %
BANCO SANTANDER SA 3.2 %
LONDON STOCK EXCHANGE GROUP 3.0 %
AXA SA 3.0 %
PRUDENTIAL PLC 2.9 %
DEUTSCHE BOERSE AG 2.9 %
Total 40.7 %

TOP COUNTRY EXPOSURE
BRITAIN 27.1 %
SWITZERLAND 15.2 %
GERMANY 14.6 %
FRANCE 9.4 %
SWEDEN 6.5 %
ITALY 6.2 %
SPAIN 6.1 %
NETHERLANDS 4.0 %
FINLAND 3.1 %
BELGIUM 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-32.9% -29.9% -7.3% -1.6% -1.5%

Market Correlations
versus... Beta R-squared
S&P500 1.09 61%
MSCI EAFE 1.38 85%
MSCI Emg. Mkts. 1.05 76%

Technical Indicators
Recent close $12.51
30d moving avg. $12.50
Annualized volatility 23.4%
Short interest (ETF) 5.6%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 1,255
Turnover 4.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $5,957

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Europe Financials ETF ETF based on the alternatives' overlap in portfolio holdings with EUFN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EUFN Expense: 48 bp ALTAR Score™: 13.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EUFN
Ticker Fund
Name
Overlap1
vs EUFN
(%)
Expense
ratio
(bp)
Savings
vs EUFN
(bp)
ALTAR
Score™
(%)
ALTAR
vs EUFN
(%)
IXG iShares Global Financials ETF 20.7 46 2 11.2 -2.7
FDD First Trust Stoxx European Select Dividend Index Fund 20.4 57 -9 14.1 +0.2
QGBR SPDR MSCI UK StrategicFactors ETF 16.8 14 34 8.1 -5.8
EWU iShares MSCI United Kingdom ETF 16.5 50 -2 7.6 -6.3
EFV iShares MSCI EAFE Value ETF 16.0 39 9 11.5 -2.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 16.0 58 -10 11.7 -2.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 15.9 20 28 10.4 -3.5
FLGB Franklin FTSE United Kingdom ETF 15.2 9 39 8.1 -5.8
EWG iShares MSCI Germany ETF 14.6 49 -1 8.2 -5.7
DBGR Xtrackers MSCI Germany Hedged Equity ETF 14.6 45 3 8.2 -5.7
FLSW Franklin FTSE Switzerland ETF 14.4 9 39 5.9 -8.0
FLGR Franklin FTSE Germany ETF 14.3 9 39 8.3 -5.6
QDEU SPDR MSCI Germany Quality Mix ETF 14.3 14 34 8.5 -5.4
EWL iShares MSCI Switzerland ETF 14.1 50 -2 5.3 -8.6
IEV iShares Europe ETF 14.1 59 -11 7.6 -6.3
EUMV iShares Edge MSCI Min Vol Europe ETF 13.8 25 23 6.0 -7.9
FEZ SPDR EURO STOXX 50 ETF 13.7 29 19 8.2 -5.6
BBEU JPMorgan BetaBuilders Europe ETF 13.6 9 39 8.1 -5.8
DAX Global X DAX Germany ETF 13.4 20 28 8.9 -5.0
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.4 45 3 7.4 -6.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 13.4 30 18 7.6 -6.3
FLEE Franklin FTSE Europe ETF 13.3 9 39 7.8 -6.1
EURZ Xtrackers Eurozone Equity ETF 13.2 9 39 8.1 -5.8
EFAS Global X MSCI SuperDividend EAFE ETF 13.1 55 -7 11.5 -2.4
EZU iShares MSCI Eurozone ETF 13.1 49 -1 7.7 -6.1
FLEH Franklin FTSE Europe Hedged ETF 13.0 9 39 7.8 -6.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 12.8 25 23 7.4 -6.5
IDV iShares International Select Dividend ETF 12.3 49 -1 14.1 +0.2
VGK Vanguard FTSE Europe ETF 12.3 8 40 8.2 -5.7
IEUR iShares Core MSCI Europe ETF 12.3 9 39 8.1 -5.8
FEU SPDR Portfolio Europe ETF 12.1 9 39 8.1 -5.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 11.7 45 3 10.2 -3.7
LEGR First Trust Index Digital Transaction & Process Technology E 11.5 65 -17 7.9 -6.0
FSZ First Trust Switzerland AlphaDEX Fund 11.5 80 -32 6.7 -7.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 11.5 45 3 7.6 -6.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 11.5 45 3 11.2 -2.7
DXGE WisdomTree Germany Hedged Equity Fund 11.2 48 0 10.2 -3.7
FYLD Cambria Foreign Shareholder Yield ETF 11.2 59 -11 10.8 -3.1
VYMI Vanguard International High Dividend Yield ETF 11.1 32 16 11.4 -2.5
IQSI IQ Candriam ESG International Equity ETF 10.3 15 33 8.1 -5.8
GXF Global X FTSE Nordic Region ETF 10.2 58 -10 12.0 -1.9
SCID Global X Scientific Beta Europe ETF 9.9 38 10 7.8 -6.1
IVLU iShares Edge MSCI Intl Value Factor ETF 9.5 30 18 12.8 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.5 20 28 8.0 -5.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 9.0 29 19 9.7 -4.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 9.0 14 34 7.7 -6.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 8.9 20 28 12.1 -1.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.7 47 1 15.2 +1.4
EFA iShares MSCI EAFE ETF 8.7 32 16 8.0 -5.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 8.7 30 18 6.8 -7.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.6 20 28 6.3 -7.6
ESGD iShares MSCI EAFE ESG Optimized ETF 8.5 20 28 8.0 -5.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.5 35 13 9.6 -4.3
TPIF Timothy Plan International ETF 8.5 62 -14 7.8 -6.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.4 35 13 7.8 -6.1
EWD iShares MSCI Sweden ETF 8.3 55 -7 13.6 -0.3
INTF iShares Edge MSCI Multifactor Intl ETF 8.3 30 18 9.1 -4.8
MOTI VanEck Vectors Morningstar International Moat ETF 8.2 57 -9 9.4 -4.5
EWQ iShares MSCI France ETF 8.2 50 -2 7.5 -6.4
HFXI IQ 50 Percent Hedged FTSE International ETF 8.2 20 28 8.4 -5.5
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 8.2 30 18 8.2 -5.7
CIL VictoryShares International Volatility Weighted Index ETF 8.2 45 3 7.5 -6.4
FLFR Franklin FTSE France ETF 8.1 9 39 7.9 -6.0
QEFA SPDR MSCI EAFE Quality Mix ETF 8.1 30 18 7.4 -6.5
FNDF Schwab Fundamental International Large Co. Index ETF 8.1 25 23 9.9 -3.9
PDEV Principal International Multi-Factor Core Index ETF 8.0 25 23 8.8 -5.1
FIVA Fidelity International Value Factor ETF 8.0 39 9 11.7 -2.2
JHMD John Hancock Multifactor Developed International ETF 7.8 45 3 8.3 -5.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 7.7 7 41 8.5 -5.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 7.6 25 23 7.5 -6.3
EUDV ProShares MSCI Europe Dividend Growers ETF 7.6 55 -7 7.5 -6.4
IEFA iShares Core MSCI EAFE ETF 7.4 7 41 8.1 -5.8
DTH WisdomTree DEFA Equity Income Fund 7.4 58 -10 10.8 -3.1
IQDF FlexShares International Quality Dividend Index Fund 7.3 47 1 14.6 +0.7
FKU First Trust United Kingdom AlphaDEX Fund 7.2 80 -32 10.6 -3.3
SCHF Schwab International Equity ETF 7.1 6 42 8.2 -5.7
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 7.1 48 0 0.0 -13.9
IDY Pacific Global International Equity Income ETF 7.0 39 9 9.8 -4.1
DOL WisdomTree International LargeCap Dividend Fund 6.9 48 0 9.4 -4.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 6.9 32 16 6.9 -7.0
RFDI First Trust Riverfront Dynamic Developed International ETF 6.8 83 -35 7.0 -6.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.8 47 1 14.0 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 6.8 5 43 8.1 -5.8
WWJD Inspire International ESG ETF 6.8 80 -32 8.9 -5.0
JPEU JPMorgan Diversified Return Europe Equity ETF 6.7 37 11 7.6 -6.3
EWI iShares MSCI Italy ETF 6.7 49 -1 9.6 -4.3
FLIY Franklin FTSE Italy ETF 6.7 9 39 9.3 -4.6
NUDM Nuveen ESG International Developed Markets Equity ETF 6.6 40 8 7.6 -6.3
ISZE iShares Edge MSCI Intl Size Factor ETF 6.6 30 18 7.8 -6.1
GVAL Cambria Global Value ETF 6.6 69 -21 12.8 -1.1
RFEU First Trust Riverfront Dynamic Europe ETF 6.4 83 -35 5.5 -8.4
DWM WisdomTree International Equity Fund 6.4 48 0 9.2 -4.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.4 35 13 9.5 -4.4
VEA Vanguard FTSE Developed Markets ETF 6.4 5 43 8.3 -5.6
LVHI Legg Mason International Low Volatility High Dividend ETF 6.2 40 8 11.3 -2.6
SPDW SPDR Portfolio Developed World ex-US ETF 6.2 4 44 8.1 -5.8
DIM WisdomTree International MidCap Dividend Fund 6.1 58 -10 8.7 -5.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 6.1 29 19 13.5 -0.4
EWP iShares MSCI Spain ETF 6.1 50 -2 10.4 -3.4

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 Europe Financials 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 7.4 %
Divided by: Fwd. P/BV 0.5 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 13.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.58
 
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.