iShares MSCI Australia ETF
ALTAR
Score™
6.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.3x P/Sales
ratio
2.7x
P/BV
ratio
1.8x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Australia Index fund seeks investment results that correspond to the price and yield performance of the MSCI Australia Index. The index consists primarily of large cap stocks traded in the Australian market.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $1,192
Currency USD
Expense ratio 50 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 64
Wgt avg mkt cap (mns) $49,198
Large cap (>$10bn) 74.0%
Mid cap ($2-10bn) 24.2%
Small cap (<$2bn) 0.0%
Developed mkts 99.5%
Emerging mkts 0.5%

TOP TEN HOLDINGS
COMMONWEALTH BANK OF AUSTRAL 9.7 %
CSL LIMITED 9.5 %
BHP BILLITON LTD 8.9 %
WESTPAC BANKING CORP 4.6 %
NATIONAL AUSTRALIA BANK LTD 4.2 %
WESFARMERS LIMITED 4.0 %
AUST AND NZ BANKING GROUP 3.8 %
WOOLWORTHS LIMITED 3.8 %
MACQUARIE GROUP LTD 3.2 %
RIO TINTO LTD 2.9 %
Total 54.6 %

TOP COUNTRY EXPOSURE
AUSTRALIA 98.1 %
IRELAND 1.0 %









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.
-10.8% -8.0% 3.5% 4.0% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.94 71%
MSCI EAFE 1.10 81%
MSCI Emg. Mkts. 0.79 70%

Technical Indicators
Recent close $20.56
30d moving avg. $20.12
Annualized volatility 19.2%
Short interest (ETF) 6.5%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 2,269
Turnover 3.9%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $3,233

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EWA Expense: 50 bp ALTAR Score™: 6.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWA
Ticker Fund
Name
Overlap1
vs EWA
(%)
Expense
ratio
(bp)
Savings
vs EWA
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWA
(%)
FLAU Franklin FTSE Australia ETF 89.6 9 41 6.5 +0.5
EPP iShares MSCI Pacific ex-Japan ETF 58.8 48 2 6.5 +0.4
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 56.7 19 31 6.8 +0.7
FAUS First Trust Australia AlphaDEX Fund 26.7 80 -30 6.3 +0.2
SCIX Global X Scientific Beta Asia ex-Japan ETF 22.8 38 12 6.6 +0.5
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 19.5 83 -33 5.3 -0.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 15.9 80 -30 7.3 +1.2
PICK iShares MSCI Global Metals & Mining Producers ETF 15.4 39 11 6.8 +0.7
IPAC iShares Core MSCI Pacific ETF 15.4 9 41 7.2 +1.1
EFAS Global X MSCI SuperDividend EAFE ETF 13.3 56 -6 9.6 +3.6
VPL Vanguard FTSE Pacific ETF 13.3 8 42 7.5 +1.4
IDOG ALPS International Sector Dividend Dogs ETF 12.6 50 0 10.6 +4.5
IDMO Invesco S&P International Developed Momentum ETF 10.7 26 24 4.4 -1.6
GNR SPDR S&P Global Natural Resources ETF 10.6 40 10 6.3 +0.3
WWJD Inspire International ESG ETF 10.3 80 -30 7.3 +1.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.2 45 5 9.8 +3.7
IDHQ Invesco S&P International Developed Quality ETF 9.9 29 21 5.0 -1.1
DWCR Arrow DWA Country Rotation ETF 9.7 95 -45 13.6 +7.5
INTF iShares Edge MSCI Multifactor Intl ETF 9.2 30 20 7.7 +1.6
DVYA iShares Asia/Pacific Dividend ETF 9.0 49 1 12.8 +6.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 8.8 24 26 7.0 +1.0
MXI iShares Global Materials ETF 8.6 46 4 5.7 -0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 8.5 35 15 6.8 +0.7
DTH WisdomTree DEFA Equity Income Fund 8.4 58 -8 9.6 +3.5
IDY Pacific Global International Equity Income ETF 8.2 39 11 7.9 +1.8
JPIN JPMorgan Diversified Return International Equity ETF 8.1 37 13 7.8 +1.7
GUNR Flexshares Morningstar Global Upstream Natural Resources 7.5 46 4 5.5 -0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 7.5 30 20 6.0 -0.1
DOO WisdomTree International Dividend ex-Financials Fund 7.4 58 -8 8.6 +2.6
GCOW Pacer Global High Dividend ETF 7.3 60 -10 10.2 +4.1
EFV iShares MSCI EAFE Value ETF 7.3 39 11 9.4 +3.4
LVHI Legg Mason International Low Volatility High Dividend ETF 7.2 40 10 9.0 +3.0
DOL WisdomTree International LargeCap Dividend Fund 7.1 48 2 8.5 +2.4
IDV iShares International Select Dividend ETF 7.0 49 1 10.0 +4.0
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 6.9 30 20 0.0 -6.1
GSID Goldman Sachs MarketBeta International Equity ETF 6.9 20 30 7.2 +1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.9 14 36 6.9 +0.8
ESGN Columbia Sustainable International Equity Income ETF 6.8 45 5 10.4 +4.4
EFA iShares MSCI EAFE ETF 6.8 32 18 6.9 +0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 6.8 20 30 6.8 +0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 6.7 30 20 7.2 +1.2
FIDI Fidelity International High Dividend ETF 6.7 39 11 11.0 +5.0
JHMD John Hancock Multifactor Developed International ETF 6.7 39 11 7.3 +1.3
IQSI IQ Candriam ESG International Equity ETF 6.7 15 35 7.2 +1.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 6.7 35 15 8.4 +2.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 6.7 29 21 8.5 +2.4
DWMF WisdomTree International Multifactor Fund 6.6 38 12 6.6 +0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 6.6 20 30 9.4 +3.4
DWM WisdomTree International Equity Fund 6.5 48 2 8.2 +2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 6.5 35 15 6.7 +0.7
QINT American Century Quality Diversified International ETF 6.4 39 11 5.6 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 6.4 20 30 7.3 +1.2
WPS iShares International Developed Property ETF 6.4 48 2 7.9 +1.8
DIM WisdomTree International MidCap Dividend Fund 6.4 58 -8 7.5 +1.5
IVAL Alpha Architect International Quantitative Value ETF 6.4 59 -9 10.1 +4.1
RNDM Developed International Equity Select ETF 6.3 65 -15 6.2 +0.1
EFG iShares MSCI EAFE Growth ETF 6.3 40 10 4.5 -1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 6.3 20 30 7.0 +0.9
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 6.2 10 40 9.2 +3.1
FYLD Cambria Foreign Shareholder Yield ETF 6.2 59 -9 6.7 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 6.2 20 30 10.8 +4.8
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.2 47 3 11.9 +5.9
NUDM Nuveen ESG International Developed Markets Equity ETF 6.1 40 10 6.7 +0.6
QEFA SPDR MSCI EAFE Quality Mix ETF 6.1 30 20 6.8 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 6.1 7 43 7.4 +1.4
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 6.1 58 -8 7.7 +1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 6.0 20 30 5.4 -0.7
VYMI Vanguard International High Dividend Yield ETF 6.0 32 18 9.9 +3.8
TPIF Timothy Plan International ETF 5.9 62 -12 6.2 +0.1
BKIE BNY Mellon International Equity ETF 5.9 4 46 7.2 +1.2
VNQI Vanguard Global ex-US Real Estate Index Fund 5.9 12 38 10.1 +4.0
CIL VictoryShares International Volatility Weighted Index ETF 5.9 45 5 6.5 +0.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 5.9 61 -11 4.8 -1.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 5.9 45 5 6.5 +0.5
IEFA iShares Core MSCI EAFE ETF 5.8 7 43 7.2 +1.1
SCHF Schwab International Equity ETF 5.6 6 44 7.2 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 5.5 25 25 6.5 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 5.5 5 45 7.1 +1.1
EFAD ProShares MSCI EAFE Dividend Growers ETF 5.4 50 0 6.0 -0.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 5.4 29 21 12.0 +6.0
PDEV Principal International Multi-Factor Core Index ETF 5.3 25 25 7.7 +1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 5.2 83 -33 5.6 -0.5
PIZ Invesco DWA Developed Markets Momentum ETF 5.2 81 -31 4.6 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 5.2 25 25 8.6 +2.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 5.2 32 18 6.3 +0.2
BLES Inspire Global Hope Large Cap ETF 5.1 52 -2 6.4 +0.3
IXG iShares Global Financials ETF 5.1 46 4 9.7 +3.7
SPDW SPDR Portfolio Developed World ex-US ETF 5.1 4 46 7.0 +1.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 5.0 65 -15 10.5 +4.4
VEA Vanguard FTSE Developed Markets ETF 4.9 5 45 7.3 +1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 4.9 39 11 6.4 +0.4
HAP VanEck Vectors Natural Resources ETF 4.8 50 0 5.9 -0.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 4.8 45 5 8.7 +2.6
DRW WisdomTree Global ex-US Real Estate Fund 4.8 58 -8 10.6 +4.5
MVIN Natixis Seeyond International Minimum Volatility ETF 4.7 56 -6 5.3 -0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 4.7 30 20 4.3 -1.7
RWX SPDR Dow Jones International Real Estate ETF 4.6 59 -9 6.8 +0.7
RBIN Nationwide Risk-Based International Equity ETF 4.6 42 8 6.1 +0.0
IQDF FlexShares International Quality Dividend Index Fund 4.6 47 3 12.1 +6.0

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 Australia 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 11.4 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 CATEGORY
AVERAGE
1.59
 
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.