iShares MSCI Canada ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 NEUTRAL
2024E    2025E
P/E
ratio		 13.7x P/Sales
ratio		 2.0x
P/BV
ratio		 1.8x Div.
yield		 3.5%


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

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $2,790
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 n/a
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 88
Wgt avg mkt cap (mns) $48,508
Large cap (>$10bn) 89.6%
Mid cap ($2-10bn) 10.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ROYAL BANK OF CANADA 7.1 %
TORONTO-DOMINION BANK 5.3 %
SHOPIFY, INC. CLASS A 4.4 %
CANADIAN NATURAL RESOURCES 4.2 %
CANADIAN PACIFIC KANSAS CITY LTD 4.1 %
ENBRIDGE INC 3.8 %
CANADIAN NATL RAILWAY CO 3.6 %
BANK OF MONTREAL 3.4 %
BANK OF NOVA SCOTIA 2.9 %
BROOKFIELD CORP CLASS A 2.8 %
Total 41.8 %

TOP COUNTRY EXPOSURE
CANADA 88.2 %
UNITED STATES 0.2 %









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.
0.3% 10.1% 8.2% 4.4% 9.1%

Market Correlations
versus... Beta R-squared
S&P500 0.94 78%
MSCI EAFE 1.01 84%
MSCI Emg. Mkts. 0.75 49%

Technical Indicators
Recent close $37.50
30d moving avg. $34.54
Annualized volatility 18.9%
Short interest (ETF) 3.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 1,908
Turnover 2.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $5,747

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 295 potential alternatives to the iShares MSCI Canada ETF ETF based on the alternatives' overlap in portfolio holdings with EWC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWC Expense: 50 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWC
Ticker Fund
Name		 Overlap1
vs EWC
(%)		 Expense
ratio
(bp)		 Savings
vs EWC
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWC
(%)
BBCA JPMorgan BetaBuilders Canada ETF 81.4 19 31 7.0 +0.2
FLCA Franklin FTSE Canada ETF 72.2 9 41 7.2 +0.4
IGRO iShares International Dividend Growth ETF 19.1 15 35 7.1 +0.2
PID Invesco International Dividend Achievers ETF 18.5 53 -3 6.7 -0.1
NANR SPDR S&P North American Natural Resources ETF 17.7 35 15 6.6 -0.2
IDLV Invesco S&P International Developed Low Volatility ETF 14.7 25 25 5.8 -1.0
VIGI Vanguard International Dividend Appreciation ETF 13.3 15 35 5.6 -1.3
FID First Trust S&P International Dividend Aristocrats ETF 12.3 60 -10 9.8 +3.0
IXC iShares Global Energy ETF 11.7 44 6 8.2 +1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 11.6 29 21 8.8 +1.9
GNR SPDR S&P Global Natural Resources ETF 11.5 40 10 9.2 +2.3
FTWO Strive FAANG 2.0 ETF 11.5 49 1 4.7 -2.1
IPKW Invesco International BuyBack Achievers ETF 11.1 55 -5 9.1 +2.2
AVIV Avantis International Large Cap Value ETF 10.8 25 25 8.9 +2.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 10.8 46 4 8.8 +2.0
CIZ VictoryShares Developed Enhanced Volatility Wtd ETF 10.7 51 -1 6.8 -0.1
CIL VictoryShares International Volatility Wtd ETF 10.7 45 5 6.9 0.0
FIDI Fidelity International High Dividend ETF 10.6 18 32 10.1 +3.3
SCHC Schwab International Small-Cap Equity ETF 10.6 11 39 6.4 -0.4
WDIV SPDR S&P Global Dividend ETF 10.5 40 10 10.2 +3.4
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.3 25 25 7.4 +0.6
ISZE iShares MSCI Intl Size Factor ETF 9.9 30 20 6.6 -0.3
FIVA Fidelity International Value Factor ETF 9.4 18 32 9.3 +2.4
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 9.1 20 30 6.9 +0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 9.0 47 3 5.9 -0.9
TPIF Timothy Plan International ETF 8.7 62 -12 6.7 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 8.7 45 5 8.5 +1.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 8.6 46 4 5.6 -1.3
UMMA Wahed Dow Jones Islamic World ETF 8.5 65 -15 4.3 -2.6
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 8.4 32 18 6.7 -0.2
BKIE BNY Mellon International Equity ETF 8.3 4 46 6.9 +0.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 8.2 7 43 6.5 -0.4
IDEV iShares Core MSCI International Developed Markets ETF 8.2 4 46 6.7 -0.2
IVRA Invesco Real Assets ESG ETF 8.2 59 -9 7.1 +0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 8.2 42 8 6.8 -0.0
QINT American Century Quality Diversified International ETF 8.1 39 11 7.4 +0.6
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 7.9 80 -30 5.6 -1.2
SPDW SPDR Portfolio Developed World ex-US ETF 7.8 3 47 6.9 +0.1
FILL iShares MSCI Global Energy Producers ETF 7.7 39 11 9.0 +2.1
VEA Vanguard FTSE Developed Markets ETF 7.7 5 45 7.0 +0.1
VYMI Vanguard International High Dividend Yield ETF 7.4 22 28 9.7 +2.9
TTAI FCF International Quality ETF 7.4 59 -9 7.4 +0.5
MXI iShares Global Materials ETF 7.2 41 9 6.6 -0.2
AVDE Avantis International Equity ETF 7.2 23 27 7.9 +1.0
SCHF Schwab International Equity ETF 7.2 6 44 7.0 +0.2
WWJD Inspire International ETF 7.1 80 -30 7.1 +0.3
USAI Pacer American Energy Independence ETF 7.1 75 -25 4.1 -2.7
IGF iShares Global Infrastructure ETF 7.1 41 9 5.0 -1.9
GII SPDR S&P Global Infrastructure ETF 7.1 40 10 5.0 -1.9
UMI USCF Midstream Energy Income Fund ETF 7.1 85 -35 4.5 -2.4
ENFR Alerian Energy Infrastructure ETF 7.1 35 15 4.8 -2.0
NDIV Amplify Natural Resources Dividend Income ETF 7.1 59 -9 9.7 +2.8
LVHI Franklin International Low Volatility High Dividend Index ET 6.8 40 10 10.2 +3.3
ACWX iShares MSCI ACWI ex U.S. ETF 6.8 34 16 6.7 -0.2
DWX SPDR S&P International Dividend ETF 6.8 45 5 7.1 +0.2
CWI SPDR MSCI ACWI ex-US ETF 6.8 30 20 6.8 -0.0
FDEV Fidelity International Multifactor ETF 6.8 18 32 7.5 +0.7
ABEQ Absolute Select Value ETF 6.7 85 -35 4.7 -2.2
IDHQ Invesco S&P International Developed High Quality ETF 6.6 29 21 5.8 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 6.6 25 25 9.1 +2.2
IQLT iShares MSCI Intl Quality Factor ETF 6.5 30 20 5.7 -1.1
VWID Virtus WMC International Dividend ETF 6.4 49 1 9.4 +2.5
GLIF AGF Global Infrastructure ETF 6.3 45 5 5.5 -1.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.0 41 9 6.7 -0.2
IQIN IQ 500 International ETF 6.0 25 25 8.8 +2.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 5.9 39 11 7.3 +0.5
IXUS iShares Core MSCI Total International Stock ETF 5.9 7 43 6.9 +0.1
SXUS Janus Henderson International Sustainable Equity ETF 5.9 60 -10 4.6 -2.3
VXUS Vanguard Total International Stock ETF 5.7 7 43 7.1 +0.3
IXG iShares Global Financials ETF 5.7 42 8 6.8 -0.0
SCHY Schwab International Dividend Equity ETF 5.6 14 36 9.3 +2.4
INTF iShares International Equity Factor ETF 5.6 15 35 7.8 +1.0
TPYP Tortoise North American Pipeline Fund 5.5 40 10 5.3 -1.5
SPRX Spear Alpha ETF 5.5 75 -25 -0.5 -7.4
VEU Vanguard FTSE All-World ex-US Index Fund 5.4 8 42 7.2 +0.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 5.4 56 -6 13.9 +7.0
VSGX Vanguard ESG International Stock ETF 5.2 12 38 6.8 -0.0
SGDM Sprott Gold Miners ETF 5.2 50 0 5.9 -1.0
CID VictoryShares International High Div Volatility Wtd ETF 5.1 45 5 9.5 +2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 5.1 39 11 7.6 +0.8
DSTX Distillate International Fundamental Stability & Value ETF 5.1 55 -5 8.0 +1.2
CGXU Capital Group International Focus Equity ETF 5.0 54 -4 4.1 -2.7
RING iShares MSCI Global Gold Miners ETF 4.9 39 11 5.7 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.8 47 3 10.3 +3.4
IQDE FlexShares International Quality Dividend Defensive Index ET 4.8 47 3 10.7 +3.8
IQDF FlexShares International Quality Dividend Index Fund 4.8 47 3 10.7 +3.9
IQRA IQ CBRE Real Assets ETF 4.8 65 -15 5.9 -0.9
FDNI First Trust Dow Jones International Internet ETF 4.8 65 -15 2.8 -4.1
IDV iShares International Select Dividend ETF 4.7 51 -1 12.3 +5.5
RODE Hartford Multifactor Diversified International ETF 4.5 29 21 11.5 +4.7
DFAI Dimensional International Core Equity Market ETF 4.5 18 32 6.9 +0.0
ARKF ARK Fintech Innovation ETF 4.4 75 -25 -2.2 -9.1
BWEB Bitwise Web3 ETF 4.4 85 -35 0.9 -5.9
VIDI Vident International Equity Strategy ETF 4.3 61 -11 11.9 +5.1
INFL Horizon Kinetics Inflation Beneficiaries ETF 4.3 85 -35 4.9 -2.0
SHPP Pacer Industrials and Logistics ETF 4.2 60 -10 8.9 +2.0
RAYD Rayliant Quantitative Developed Market Equity ETF 4.2 80 -30 4.5 -2.4
DIHP Dimensional International High Profitability ETF 4.2 29 21 6.9 +0.1
FYLD Cambria Foreign Shareholder Yield ETF 4.1 59 -9 12.0 +5.1
UDI USCF Dividend Income Fund 4.1 65 -15 7.4 +0.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 4.0 80 -30 10.8 +3.9
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 3.8 24 26 8.6 +1.7
IMTM iShares MSCI Intl Momentum Factor ETF 3.8 30 20 6.8 -0.0
DFSI Dimensional International Sustainability Core 1 ETF 3.8 24 26 6.2 -0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 3.7 20 30 10.7 +3.8
DIVY Sound Equity Dividend Income ETF 3.7 45 5 10.5 +3.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 3.7 12 38 5.1 -1.8
SLVP iShares MSCI Global Silver Miners ETF 3.7 39 11 3.8 -3.0
DFIV Dimensional International Value ETF 3.6 27 23 9.8 +3.0
TMFG Motley Fool Global Opportunities ETF 3.6 85 -35 3.3 -3.6
BLES Inspire Global Hope ETF 3.5 61 -11 6.3 -0.5
DFIC Dimensional International Core Equity 2 ETF 3.5 23 27 7.4 +0.6
IDMO Invesco S&P International Developed Momentum ETF 3.5 25 25 7.0 +0.1
PNQI Invesco NASDAQ Internet ETF 3.4 60 -10 2.6 -4.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 3.4 20 30 5.6 -1.3
BNE Blue Horizon BNE ETF 3.4 87 -37 5.0 -1.9
RFDI First Trust Riverfront Dynamic Developed International ETF 3.4 83 -33 9.0 +2.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 3.2 25 25 6.1 -0.8
FPXI First Trust International Equity Opportunities ETF 3.2 70 -20 3.6 -3.2
FICS First Trust International Developed Capital Strength ETF 3.1 70 -20 6.1 -0.7
TOLL Tema Monopolies and Oligopolies ETF 3.1 75 -25 2.6 -4.3
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.1 65 -15 12.8 +6.0
DEW WisdomTree Global High Dividend Fund 3.1 58 -8 9.1 +2.3
JIG JPMorgan International Growth ETF 3.1 55 -5 4.3 -2.5
ARKK ARK Innovation ETF 3.0 75 -25 -4.9 -11.8
CRIT Optica Rare Earths & Critical Materials ETF Optica Rare Eart 3.0 85 -35 8.1 +1.2
IVLU iShares MSCI Intl Value Factor ETF 3.0 30 20 10.6 +3.8
TOK iShares MSCI Kokusai ETF 3.0 26 24 5.3 -1.6
BKCI BNY Mellon Concentrated International ETF 2.9 80 -30 5.2 -1.6
IQM Franklin Intelligent Machines ETF 2.8 50 0 3.1 -3.8
URTH iShares MSCI World ETF 2.8 24 26 5.4 -1.5
BLLD JPMorgan Sustainable Infrastructure ETF 2.8 49 1 6.2 -0.7
DFAX Dimensional World ex U.S. Core Equity 2 ETF 2.8 30 20 7.8 +0.9
QWLD SPDR MSCI World StrategicFactors ETF 2.7 30 20 6.1 -0.8
KOKU Xtrackers MSCI Kokusai Equity ETF 2.7 9 41 5.5 -1.4
KOCG FIS Knights of Columbus Global Belief ETF 2.6 75 -25 5.3 -1.6
ICAP InfraCap Equity Income Fund ETF 2.6 171 -121 6.8 -0.1
NVIR Horizon Kinetics Energy and Remediation ETF 2.6 85 -35 1.9 -4.9
CGGO Capital Group Global Growth Equity ETF 2.6 47 3 4.3 -2.6
ECLN First Trust EIP Carbon Impact ETF 2.5 96 -46 5.3 -1.6
ACWI iShares MSCI ACWI ETF 2.5 32 18 5.5 -1.4
GLOF iShares Global Equity Factor ETF 2.5 20 30 7.1 +0.2
COPX Global X Copper Miners ETF 2.4 65 -15 6.9 +0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 2.4 39 11 11.0 +4.1
VRAI Virtus Real Asset Income ETF 2.3 55 -5 8.6 +1.7
MDLV Morgan Dempsey Large Cap Value ETF 2.2 58 -8 8.6 +1.8
AOTG AOT Growth and Innovation ETF 2.2 75 -25 3.0 -3.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 2.2 9 41 5.7 -1.1
VT Vanguard Total World Stock ETF 2.2 7 43 5.8 -1.0
JSTC Adasina Social Justice All Cap Global ETF 2.1 89 -39 4.8 -2.1
CVY Invesco Zacks Multi-Asset Income ETF 2.1 106 -56 8.9 +2.0
RVRB Reverb ETF 2.0 30 20 5.0 -1.9
DIVD Altrius Global Dividend ETF Altrius Global Divid ETF 2.0 49 1 10.5 +3.6
JXI iShares Global Utilities ETF 2.0 43 7 6.7 -0.2
DINT Davis Select International ETF 1.9 55 -5 4.7 -2.2
GCOW Pacer Global Cash Cows Dividend ETF 1.9 60 -10 13.6 +6.8
FFTY Innovator IBD 50 ETF 1.9 80 -30 0.1 -6.8
JHID John Hancock International High Dividend ETF 1.9 46 4 11.5 +4.6
LNGG Roundhill Alerian LNG ETF 1.9 65 -15 8.5 +1.7
ARKW ARK Next Generation Internet ETF 1.8 87 -37 -2.9 -9.8
SFYF SoFi Social 50 ETF 1.8 29 21 -2.6 -9.5
EMLP First Trust North American Energy Infrastructure Fund 1.8 95 -45 5.4 -1.5
CGGR Capital Group Growth ETF 1.7 39 11 3.5 -3.4
GCLN Goldman Sachs Bloomberg Clean Energy Equity ETF 1.6 45 5 6.2 -0.6
CBSE Clough Select Equity ETF 1.6 85 -35 -2.3 -9.1
UIVM VictoryShares International Value Momentum ETF 1.6 35 15 10.7 +3.8
FNDC Schwab Fundamental International Small Co. Index ETF 1.6 39 11 6.9 +0.0
CCSO Carbon Collective Climate Solutions US Equity ETF 1.6 35 15 2.3 -4.5
EPU iShares MSCI Peru and Global Exposure ETF 1.6 59 -9 5.5 -1.4
SILJ ETFMG Prime Junior Silver Miners ETFMG Prime Junior Silver M 1.6 69 -19 1.3 -5.6
HAP VanEck Natural Resources ETF 1.6 50 0 9.5 +2.6
EXI iShares Global Industrials ETF 1.5 42 8 4.7 -2.2
ESGG FlexShares STOXX Global ESG Select Index Fund 1.5 42 8 5.1 -1.7
ANEW ProShares MSCI Transformational Changes ETF 1.4 45 5 3.3 -3.5
BECO BlackRock Future Climate and Sustainable Economy ETF 1.4 70 -20 13.7 +6.9
FTAG First Trust Indxx Global Agriculture ETF 1.4 70 -20 9.1 +2.3
IVEG iShares Emergent Food and AgTech Multisector ETF 1.4 47 3 8.3 +1.4
VEGI iShares MSCI Agriculture Producers ETF 1.4 39 11 9.2 +2.4
AMID Argent Mid Cap ETF Argent Mid Cap ETF 1.3 52 -2 7.0 +0.2
GVLU Gotham 1000 Value ETF 1.3 50 0 7.4 +0.6
RXI iShares Global Consumer Discretionary ETF 1.3 41 9 5.5 -1.3
GMET VanEck Green Metals ETF 1.3 63 -13 9.8 +2.9
SETM Sprott Energy Transition Materials ETF 1.3 65 -15 5.3 -1.5
CGDV Capital Group Dividend Value ETF 1.3 33 17 5.8 -1.1
GOAU U.S. Global GO GOLD and Precious Metal Miners ETF 1.2 60 -10 6.2 -0.7
ROYA Tema Global Royalties ETF 1.2 75 -25 4.6 -2.3
IXN iShares Global Tech ETF 1.2 41 9 4.3 -2.5
DGT SPDR Global Dow ETF 1.2 50 0 6.7 -0.2
ACTV LeaderShares Activist Leaders ETF 1.1 75 -25 8.1 +1.2
EATZ AdvisorShares Restaurant ETF 1.1 101 -51 2.7 -4.2
MVPS Amplify Thematic All-Stars ETF 1.1 49 1 1.7 -5.2
KXI iShares Global Consumer Staples ETF 1.1 41 9 5.6 -1.3
ARKQ ARK Autonomous Technology & Robotics ETF 1.1 75 -25 1.6 -5.2
URA Global X Uranium ETF 1.1 69 -19 3.9 -3.0
SAMT Strategas Macro Thematic Opportunities ETF 1.1 65 -15 4.7 -2.1
VCLN Virtus Duff & Phelps Clean Energy ETF 1.1 59 -9 3.5 -3.4
DKRB Subversive Decarbonization ETF 1.1 75 -25 0.0 -6.9
IBUY Amplify Online Retail ETF 1.1 65 -15 1.8 -5.1
IMFL Invesco International Developed Dynamic Multifactor ETF 1.0 34 16 10.6 +3.8
KLDW Knowledge Leaders Developed World ETF 1.0 75 -25 4.9 -1.9
MOTG VanEck Morningstar Global Wide Moat ETF 1.0 52 -2 5.8 -1.1
NXTG First Trust Indxx NextG ETF 1.0 70 -20 6.0 -0.9
HART IQ Healthy Hearts ETF 1.0 45 5 5.3 -1.5
TRFM AAM Transformers ETF 0.9 49 1 1.2 -5.6
WLDR Affinity World Leaders Equity ETF 0.9 67 -17 8.5 +1.6
IXP iShares Global Comm Services ETF 0.9 42 8 5.3 -1.5
AFK VanEck Africa Index ETF 0.9 98 -48 10.0 +3.2
CGUS Capital Group Core Equity ETF 0.9 33 17 4.7 -2.2
XT iShares Exponential Technologies ETF 0.9 46 4 3.9 -3.0
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 0.9 75 -25 4.7 -2.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.8 49 1 6.7 -0.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.8 20 30 6.7 -0.2
DWLD Davis Select Worldwide ETF 0.8 63 -13 5.6 -1.2
DARP Grizzle Growth ETF 0.8 75 -25 3.2 -3.7
DMAT Global X Disruptive Materials ETF 0.8 59 -9 9.9 +3.1
BATT Amplify Lithium & Battery Technology ETF 0.8 59 -9 2.9 -4.0
ION ProShares S&P Global Core Battery Metals ETF 0.8 58 -8 11.6 +4.8
LEGR First Trust Indxx Innovative Transaction & Process ETF 0.8 65 -15 8.4 +1.5
SDG iShares MSCI Global Sustainable Development Goals ETF 0.8 49 1 5.8 -1.1
NTZG Nuveen Global Net Zero Transition ETF 0.8 56 -6 4.9 -1.9
DFIS Dimensional International Small Cap ETF 0.7 39 11 6.7 -0.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.7 72 -22 2.2 -4.7
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 0.6 58 -8 4.6 -2.3
SUPL ProShares Supply Chain Logistics ETF 0.6 58 -8 13.1 +6.2
CZA Invesco Zacks Mid-Cap ETF 0.6 72 -22 6.3 -0.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.6 10 40 8.2 +1.3
KNCT Invesco Next Gen Connectivity ETF 0.5 40 10 5.9 -1.0
GINN Goldman Sachs Innovate Equity ETF 0.5 52 -2 2.7 -4.2
ISCF iShares International SmallCap Equity Factor ETF 0.5 23 27 8.8 +1.9
OGIG ALPS O'Shares Global Internet Giants ETF 0.5 48 2 0.5 -6.4
CIBR First Trust NASDAQ Cybersecurity ETF 0.5 60 -10 3.9 -2.9
QQJG Invesco ESG NASDAQ Next Gen 100 ETF 0.5 20 30 5.4 -1.4
QQQJ Invesco NASDAQ Next Gen 100 ETF 0.5 15 35 4.7 -2.1
IVES Wedbush ETFMG Global Cloud Technology ETF 0.5 68 -18 1.4 -5.4
DISV Dimensional International Small Cap Value ETF 0.5 42 8 9.2 +2.4
PIO Invesco Global Water ETF 0.5 75 -25 4.9 -2.0
EFRA iShares Environmental Infrastructure and Industrials ETF 0.5 47 3 5.2 -1.6
EBLU Ecofin Global Water ESG Fund 0.5 40 10 3.9 -2.9
FIXT Procure Disaster Recovery Strategy ETF 0.5 75 -25 5.7 -1.2
AHOY Newday Ocean Health ETF 0.5 75 -25 5.6 -1.2
CGW Invesco S&P Global Water Index ETF 0.5 57 -7 3.8 -3.1
PHO Invesco Water Resources ETF 0.5 60 -10 4.3 -2.6
BRNY Burney U.S. Factor Rotation ETF Burney U.S. Factor Rotation 0.5 79 -29 6.2 -0.6
AVDV Avantis International Small Cap Value ETF 0.4 36 14 8.0 +1.1
EV Mast Global Battery Recycling & Production ETF 0.4 65 -15 12.8 +5.9
AGQI First Trust Active Global Quality Income ETF 0.4 85 -35 5.8 -1.0
MOTI VanEck Morningstar International Moat ETF 0.4 58 -8 6.9 +0.1
DRIV Global X Autonomous & Electric Vehicles ETF 0.4 68 -18 3.4 -3.5
KOIN Capital Link Global Fintech Leaders ETF 0.4 75 -25 4.6 -2.2
BCDF Horizon Kinetics Blockchain Development ETF 0.4 85 -35 -0.7 -7.6
PRAY FIS Christian Stock Fund 0.4 69 -19 5.9 -1.0
ICLN iShares Global Clean Energy ETF 0.4 41 9 4.3 -2.6
FRNW Fidelity Clean Energy ETF 0.4 39 11 3.7 -3.2
PPA Invesco Aerospace & Defense ETF 0.3 58 -8 3.5 -3.3
EINC VanEck Energy Income ETF 0.3 48 2 4.5 -2.4
PEX ProShares Global Listed Private Equity ETF 0.3 81 -31 12.2 +5.4
PSP Invesco Global Listed Private Equity ETF 0.3 106 -56 9.1 +2.2
REET iShares Global REIT ETF 0.3 14 36 7.1 +0.3
AVRE Avantis Real Estate ETF 0.3 17 33 6.6 -0.2
WPS iShares International Developed Property ETF 0.3 48 2 7.2 +0.4
RWO SPDR Dow Jones Global Real Estate ETF 0.3 50 0 6.9 +0.1
RWX SPDR Dow Jones International Real Estate ETF 0.3 59 -9 7.2 +0.3
DFGR Dimensional Global Real Estate ETF 0.3 22 28 7.1 +0.2
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.3 12 38 8.7 +1.9
ERET iShares Environmentally Aware Real Estate ETF 0.3 30 20 7.3 +0.4
IFGL iShares International Developed Real Estate ETF 0.3 48 2 7.0 +0.2
TEMP JPMorgan Climate Change Solutions ETF 0.2 49 1 4.7 -2.2
FTRI First Trust Indxx Global Natural Resources Income ETF 0.2 70 -20 10.6 +3.8
CUT Invesco MSCI Global Timber ETF 0.2 61 -11 8.6 +1.7
ERTH Invesco MSCI Sustainable Future ETF 0.2 62 -12 3.7 -3.2
WOOD iShares Global Timber & Forestry ETF 0.2 42 8 9.6 +2.8
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 0.2 75 -25 7.8 +1.0
ACES ALPS Clean Energy ETF 0.2 55 -5 -5.0 -11.9
FAN First Trust Global Wind Energy ETF 0.2 60 -10 5.5 -1.3
SMOG VanEck Low Carbon Energy ETF 0.2 61 -11 3.0 -3.8
RNRG Global X Renewable Energy Producers ETF 0.2 66 -16 4.9 -2.0
WNDY Global X Wind Energy ETF 0.2 50 0 5.2 -1.7
FBCG Fidelity Blue Chip Growth ETF 0.2 59 -9 2.6 -4.3
JRE Janus Henderson U.S. Real Estate ETF 0.2 65 -15 6.4 -0.5
ROOF IQ CBRE NextGen Real Estate ETF 0.2 60 -10 7.9 +1.1
EQAL Invesco Russell 1000 Equal Weight ETF 0.2 20 30 6.0 -0.9
PBD Invesco Global Clean Energy ETF 0.2 75 -25 -3.9 -10.7
PBW Invesco WilderHill Clean Energy ETF 0.2 66 -16 -19.8 -26.7
GXG Global X MSCI Colombia ETF 0.2 62 -12 15.2 +8.4
WRND IQ Global Equity R&D Leaders ETF 0.1 18 32 7.2 +0.3
NANC Unusual Whales Subversive Democratic Trading ETF 0.1 75 -25 3.8 -3.1
CRUZ Defiance Hotel Airline and Cruise ETF 0.1 45 5 -4.9 -11.8
JETS U.S. Global Jets ETF 0.1 60 -10 -15.6 -22.5
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 0.1 29 21 9.1 +2.3
FMIL Fidelity New Millennium ETF 0.1 59 -9 4.3 -2.6
QQQS Invesco NASDAQ Future Gen 200 ETF 0.1 20 30 -7.8 -14.7
GDVD R3 Global Dividend Growth ETF 0.1 88 -38 5.8 -1.0
GQRE FlexShares Global Quality Real Estate Index Fund 0.1 45 5 6.9 +0.0
KRUZ Unusual Whales Subversive Republican Trading ETF 0.1 75 -25 4.9 -1.9
GWX SPDR S&P International Small Cap ETF 0.0 40 10 6.6 -0.3

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 Canada 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 1.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.52 CATEGORY
AVERAGE		 1.51
 
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.