iShares Edge MSCI Min Vol Europe ETF
ALTAR
Score™
6.4% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
1.5x
P/BV
ratio
1.9x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Europe Minimum Volatility ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of European developed market equities that, in the aggregate, have lower volatility characteristics relative to the broader European developed equity markets.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jun 05, 2014
Assets (mns) $25
Currency USD
Expense ratio 25 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Multi-Factor
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 173
Wgt avg mkt cap (mns) $49,014
Large cap (>$10bn) 80.7%
Mid cap ($2-10bn) 19.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
GIVAUDAN-REG 1.9 %
SWISSCOM AG 1.8 %
NATIONAL GRID PLC 1.7 %
NOVO NORDISK A/S-B 1.7 %
NESTLE SA-REG 1.7 %
NOVARTIS AG-REG 1.6 %
SWISS PRIME SITE-REG 1.6 %
ZURICH FINANCIAL SERVICES AG 1.6 %
SANOFI-AVENTIS 1.6 %
Total 17.2 %

TOP COUNTRY EXPOSURE
SWITZERLAND 20.8 %
BRITAIN 20.2 %
FRANCE 12.3 %
GERMANY 10.7 %
DENMARK 6.3 %
NETHERLANDS 5.9 %
SPAIN 4.7 %
BELGIUM 4.6 %
FINLAND 3.2 %
ITALY 2.9 %

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.
-18.3% -8.8% 1.3% -- 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.67 65%
MSCI EAFE 0.78 86%
MSCI Emg. Mkts. 0.58 69%

Technical Indicators
Recent close $21.67
30d moving avg. $23.26
Annualized volatility 12.6%
Short interest (ETF) 1.7%
Relative strength (RSI) 35

Liquidity measures
Avg. volume (thou.) 33
Turnover 2.9%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $15,741

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EUMV Expense: 25 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EUMV
Ticker Fund
Name
Overlap1
vs EUMV
(%)
Expense
ratio
(bp)
Savings
vs EUMV
(bp)
ALTAR
Score™
(%)
ALTAR
vs EUMV
(%)
EFAV iShares Edge MSCI Min Vol EAFE ETF 49.2 20 5 6.7 +0.3
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 46.0 25 0 8.3 +1.9
IEV iShares Europe ETF 43.0 59 -34 8.6 +2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 42.7 45 -20 8.2 +1.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 42.1 30 -5 8.5 +2.1
FLEE Franklin FTSE Europe ETF 42.0 9 16 8.8 +2.4
BBEU JPMorgan BetaBuilders Europe ETF 41.9 9 16 9.1 +2.7
FLEH Franklin FTSE Europe Hedged ETF 41.8 9 16 8.7 +2.3
OEUR O'shares FTSE Europe Quality Dividend ETF 40.6 48 -23 7.6 +1.2
IEUR iShares Core MSCI Europe ETF 40.2 9 16 9.2 +2.8
VGK Vanguard FTSE Europe ETF 38.8 8 17 9.3 +2.9
FEU SPDR Portfolio Europe ETF 38.5 9 16 9.1 +2.7
QEFA SPDR MSCI EAFE Quality Mix ETF 37.6 30 -5 8.2 +1.8
SCID Global X Scientific Beta Europe ETF 36.9 38 -13 8.8 +2.4
JPEU JPMorgan Diversified Return Europe Equity ETF 36.1 37 -12 8.6 +2.2
RFEU First Trust Riverfront Dynamic Europe ETF 35.4 83 -58 6.3 -0.1
RBIN Nationwide Risk-Based International Equity ETF 35.1 42 -17 8.4 +2.0
RNDM Developed International Equity Select ETF 34.6 65 -40 8.1 +1.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 33.7 32 -7 7.6 +1.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 32.7 30 -5 5.9 -0.5
DOL WisdomTree International LargeCap Dividend Fund 32.4 48 -23 10.8 +4.4
EFA iShares MSCI EAFE ETF 31.7 32 -7 9.0 +2.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 30.9 35 -10 8.7 +2.3
ESGD iShares MSCI EAFE ESG Optimized ETF 30.8 20 5 9.0 +2.6
DDEZ WisdomTree Europe Multifactor Fund 30.7 43 -18 8.4 +2.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 30.7 20 5 9.0 +2.6
FDEV Fidelity Targeted International Factor ETF 30.0 39 -14 7.7 +1.4
IQSI IQ Candriam ESG International Equity ETF 29.8 15 10 9.1 +2.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 29.7 30 -5 7.5 +1.1
EFG iShares MSCI EAFE Growth ETF 29.6 40 -15 5.9 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 29.5 20 5 9.3 +2.9
DWM WisdomTree International Equity Fund 29.4 48 -23 10.6 +4.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 29.4 25 0 8.6 +2.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 29.3 48 -23 0.0 -6.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 28.9 35 -10 10.8 +4.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 28.8 7 18 9.5 +3.1
IDMO Invesco S&P International Developed Momentum ETF 28.5 25 0 5.7 -0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 28.5 14 11 8.6 +2.2
EZU iShares MSCI Eurozone ETF 28.3 49 -24 8.9 +2.6
JHMD John Hancock Multifactor Developed International ETF 28.2 45 -20 9.3 +2.9
IEFA iShares Core MSCI EAFE ETF 28.1 7 18 9.2 +2.8
EURZ Xtrackers Eurozone Equity ETF 27.8 9 16 9.2 +2.8
SCHF Schwab International Equity ETF 27.2 6 19 9.3 +2.9
PDEV Principal International Multi-Factor Core Index ETF 27.0 25 0 8.5 +2.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 26.7 39 -14 8.3 +1.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 26.6 45 -20 8.7 +2.3
IDEV iShares Core MSCI International Developed Markets ETF 26.3 5 20 9.3 +2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 26.3 83 -58 7.9 +1.5
IDLV Invesco S&P International Developed Low Volatility ETF 26.1 25 0 8.0 +1.6
EUDV ProShares MSCI Europe Dividend Growers ETF 26.0 55 -30 8.6 +2.2
IDY Pacific Global International Equity Income ETF 25.5 39 -14 10.8 +4.5
SPDW SPDR Portfolio Developed World ex-US ETF 25.1 4 21 9.1 +2.7
DWMF WisdomTree International Multifactor Fund 24.4 38 -13 8.2 +1.8
CIL Victory CEMP International Volatility Weighted Index ETF 24.4 45 -20 9.2 +2.8
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 24.4 45 -20 9.3 +2.9
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 24.2 30 -5 8.6 +2.2
VEA Vanguard FTSE Developed Markets ETF 24.1 5 20 9.5 +3.1
DOO WisdomTree International Dividend ex-Financials Fund 24.0 58 -33 10.9 +4.5
CWI SPDR MSCI ACWI ex-US ETF 23.7 30 -5 9.3 +2.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 23.6 58 -33 7.7 +1.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 23.5 50 -25 8.1 +1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 23.2 45 -20 11.3 +4.9
IDHQ Invesco S&P International Developed High Quality ETF 23.0 29 -4 6.6 +0.2
MVIN Natixis Seeyond International Minimum Volatility ETF 22.7 55 -30 7.5 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 22.6 32 -7 9.4 +3.0
ISDX Invesco Strategic Developed ex-US ETF 22.6 23 2 9.9 +3.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 22.5 29 -4 10.6 +4.3
DTH WisdomTree DEFA Equity Income Fund 22.4 58 -33 12.3 +6.0
EFV iShares MSCI EAFE Value ETF 22.2 39 -14 12.4 +6.0
FNDF Schwab Fundamental International Large Co. Index ETF 22.0 25 0 11.1 +4.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 21.8 40 -15 9.0 +2.7
JPIN JPMorgan Diversified Return International Equity ETF 21.0 38 -13 9.8 +3.4
VEU Vanguard FTSE All-World ex-US Index Fund 21.0 8 17 9.6 +3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.7 16 9 8.7 +2.3
IQIN IQ 500 International ETF 20.6 25 0 11.1 +4.7
TPIF Timothy Plan International ETF 20.5 62 -37 8.8 +2.4
VYMI Vanguard International High Dividend Yield ETF 20.4 32 -7 12.3 +5.9
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.1 20 5 11.1 +4.7
IXUS ishares Core MSCI Total International Stock ETF 19.9 9 16 9.5 +3.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 19.8 29 -4 9.4 +3.0
EWL iShares MSCI Switzerland ETF 19.6 50 -25 5.8 -0.6
VXUS Vanguard Total International Stock Index Fund 19.2 8 17 9.6 +3.2
NUDM Nuveen ESG International Developed Markets Equity ETF 19.0 40 -15 8.5 +2.2
FLSW Franklin FTSE Switzerland ETF 18.9 9 16 6.4 -0.0
QGBR SPDR MSCI UK StrategicFactors ETF 18.7 14 11 9.1 +2.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 18.6 80 -55 6.9 +0.6
IGRO iShares International Dividend Growth ETF 18.4 22 3 9.8 +3.4
IQDG WisdomTree International Quality Dividend Growth Fund 18.4 38 -13 7.9 +1.5
EWU iShares MSCI United Kingdom ETF 18.4 50 -25 8.5 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 18.3 39 -14 11.7 +5.4
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 18.2 58 -33 7.7 +1.3
FLGB Franklin FTSE United Kingdom ETF 18.2 9 16 9.0 +2.7
IDV iShares International Select Dividend ETF 18.0 49 -24 14.8 +8.4
UIVM VictoryShares USAA MSCI International Value Momentum ETF 17.9 35 -10 10.7 +4.3
VSGX Vanguard ESG International Stock ETF 17.9 17 8 9.1 +2.7
ISZE iShares Edge MSCI Intl Size Factor ETF 17.9 30 -5 9.1 +2.7
VIGI Vanguard International Dividend Appreciation ETF 17.8 25 0 7.1 +0.7
QINT American Century Quality Diversified International ETF 17.8 39 -14 7.6 +1.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 17.6 47 -22 15.5 +9.1

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 Edge MSCI Min Vol Europe ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 25 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.73 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.