iShares MSCI Germany Small Cap ETF
ALTAR
Score™
5.0% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
39.4x P/Sales
ratio
0.9x
P/BV
ratio
1.6x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Germany Small Cap Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Germany Small Cap Index.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock Fund Advisors
Website www.ishares.com
Inception date Jan 25, 2012
Assets (mns) $28
Currency USD
Expense ratio 59 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 102
Wgt avg mkt cap (mns) $3,071
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 66.4%
Small cap (<$2bn) 28.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HELLOFRESH SE 6.1 %
BECHTLE AG 4.6 %
MORPHOSYS AG 3.4 %
RHEINMETALL AG 3.3 %
TAG IMMOBILIEN AG 3.2 %
GERRESHEIMER AG 2.8 %
EVOTEC AG 2.7 %
DIALOG SEMICONDUCTOR PLC 2.7 %
GRAND CITY PROPERTIES SA 2.0 %
SOFTWARE AG 1.9 %
Total 32.8 %

TOP COUNTRY EXPOSURE
GERMANY 82.2 %
BRITAIN 2.7 %
LUXEMBOURG 2.3 %
NETHERLANDS 1.3 %
AUSTRIA 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.
-1.5% 10.9% 9.7% -- 12.1%

Market Correlations
versus... Beta R-squared
S&P500 1.12 78%
MSCI EAFE 1.28 87%
MSCI Emg. Mkts. 0.93 74%

Technical Indicators
Recent close $62.16
30d moving avg. $59.31
Annualized volatility 21.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.7%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $553

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EWGS Expense: 59 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWGS
Ticker Fund
Name
Overlap1
vs EWGS
(%)
Expense
ratio
(bp)
Savings
vs EWGS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWGS
(%)
FGM First Trust Germany AlphaDEX Fund 15.7 80 -21 6.1 +1.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 14.3 58 1 7.8 +2.9
SMEZ SPDR EURO STOXX Small Cap ETF 13.4 45 14 6.2 +1.3
IEUS iShares MSCI Europe Small-Cap ETF 9.3 40 19 7.7 +2.8
DFE WisdomTree Europe SmallCap Dividend Fund 8.3 58 1 8.4 +3.4
IVAL Alpha Architect International Quantitative Value ETF 7.4 59 0 10.5 +5.5
AVDV Avantis International Small Cap Value ETF 5.7 36 23 7.7 +2.7
DXGE WisdomTree Germany Hedged Equity Fund 5.5 48 11 8.9 +4.0
SCZ iShares MSCI Eafe Small-Cap ETF 5.1 40 19 7.2 +2.2
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 4.9 43 16 8.7 +3.7
FEUZ First Trust Eurozone AlphaDEX ETF 4.9 80 -21 7.4 +2.4
DLS WisdomTree International SmallCap Dividend Fund 4.9 58 1 8.6 +3.6
SCHC Schwab International Small-Cap Equity ETF 4.5 11 48 6.6 +1.7
XBUY Amplify International Online Retail ETF 4.1 69 -10 -0.5 -5.5
IMOM Alpha Architect International Quantitative Momentum ETF 4.0 59 0 3.4 -1.6
IFEU iShares Europe Development Real Estate ETF 3.7 48 11 6.5 +1.5
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 3.6 40 19 8.6 +3.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 3.3 49 10 6.6 +1.7
IDNA iShares Genomics Immunology & Healthcare ETF 3.3 47 12 -2.9 -7.8
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 3.2 11 48 6.4 +1.5
EDOC Global X Telemedicine & Digital Health ETF 2.9 68 -9 0.8 -4.2
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 2.9 80 -21 10.4 +5.4
GWX SPDR S&P International Small Cap ETF 2.9 40 19 6.5 +1.5
ISDS Invesco Strategic Developed ex-US Small Company ETF 2.8 35 24 6.8 +1.8
FEP First Trust Europe AlphaDEX Fund 2.8 80 -21 7.4 +2.4
FNDC Schwab Fundamental International Small Co. Index ETF 2.8 39 20 7.3 +2.3
FDD First Trust Stoxx European Select Dividend Index Fund 2.7 58 1 11.1 +6.1
ROBO Robo Global Robotics & Automation Index ETF 2.7 95 -36 3.3 -1.6
SCID Global X Scientific Beta Europe ETF 2.7 39 20 6.4 +1.4
HELX Franklin Genomic Advancements ETF 2.3 50 9 -1.3 -6.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 2.3 45 14 6.7 +1.7
PBD Invesco Global Clean Energy ETF 2.1 75 -16 2.2 -2.8
FLGR Franklin FTSE Germany ETF 2.0 9 50 7.2 +2.2
IFLY ETFMG Drone Economy Strategy ETF 1.9 68 -9 1.9 -3.0
FID First Trust S&P International Dividend Aristocrats ETF 1.8 60 -1 9.6 +4.7
WDIV SPDR Global Dividend ETF 1.8 40 19 9.5 +4.6
PSP Invesco Global Listed Private Equity ETF 1.8 178 -119 5.3 +0.4
FKU First Trust United Kingdom AlphaDEX Fund 1.7 80 -21 8.4 +3.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.6 39 20 8.4 +3.4
LIT Global X Lithium & Battery Tech ETF 1.6 75 -16 2.9 -2.1
IPKW Invesco International BuyBack Achievers ETF 1.5 55 4 8.1 +3.2
VIDI Vident International Equity Fund 1.5 59 0 11.2 +6.2
FDT First Trust Developed Markets ex-US Alphadex Fund 1.5 80 -21 7.3 +2.4
IFGL iShares International Developed Real Estate ETF 1.5 48 11 7.8 +2.8
PEX ProShares Global Listed Private Equity ETF 1.4 313 -254 6.1 +1.1
FPXI First Trust International Equity Opportunities ETF 1.4 70 -11 3.1 -1.9
WPS iShares International Developed Property ETF 1.4 48 11 8.0 +3.0
TAN Invesco Solar ETF 1.4 71 -12 1.1 -3.8
FINX Global X FinTech Thematic ETF 1.4 68 -9 3.4 -1.6
FPXE First Trust IPOX Europe Equity Opportunities ETF 1.3 70 -11 2.3 -2.7
GBUY Goldman Sachs Motif New Age Consumer ETF 1.2 50 9 1.7 -3.3
RWX SPDR Dow Jones International Real Estate ETF 1.2 59 0 6.8 +1.9
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 1.2 10 49 9.3 +4.3
FYLD Cambria Foreign Shareholder Yield ETF 1.2 59 0 6.9 +1.9
IEUR iShares Core MSCI Europe ETF 1.2 9 50 7.2 +2.3
AVDE Avantis International Equity ETF 1.2 23 36 7.8 +2.9
YLCO Global X YieldCo Index ETF 1.1 65 -6 4.4 -0.6
ICLN iShares Global Clean Energy ETF 1.1 46 13 2.5 -2.4
VGK Vanguard FTSE Europe ETF 1.1 8 51 7.4 +2.4
QTUM Defiance Quantum ETF 1.1 40 19 5.4 +0.4
SOIL Global X Fertilizers/Potash ETF 1.0 70 -11 5.0 0.0
SNSR Global X Internet of Things Thematic ETF 1.0 68 -9 4.8 -0.2
VNQI Vanguard Global ex-US Real Estate Index Fund 1.0 12 47 10.2 +5.2
FEU SPDR Portfolio Europe ETF 1.0 9 50 7.3 +2.3
VEGI iShares MSCI Global Agriculture Producers ETF 1.0 39 20 5.7 +0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 1.0 83 -24 5.6 +0.7
GQRE FlexShares Global Quality Real Estate Index Fund 0.9 45 14 6.9 +1.9
IRBO iShares Robotics & Artificial Intelligence ETF 0.9 47 12 2.5 -2.4
DRW WisdomTree Global ex-US Real Estate Fund 0.9 58 1 10.9 +5.9
PAWZ ProShares Pet Care ETF 0.8 50 9 2.4 -2.6
RODM Hartford Multifactor Developed Markets (ex-US) ETF 0.8 29 30 8.7 +3.7
GDAT Goldman Sachs Motif Data-Driven World Etf 0.8 50 9 4.6 -0.4
IEFA iShares Core MSCI EAFE ETF 0.8 7 52 7.3 +2.4
PLAT WisdomTree Modern Tech Platforms Fund 0.8 45 14 1.0 -3.9
LVHI Legg Mason International Low Volatility High Dividend ETF 0.7 40 19 9.2 +4.3
ROBT First Trust Nasdaq Artificial Intelligence & Robotics ETF 0.7 65 -6 3.7 -1.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 0.7 39 20 6.5 +1.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 0.7 60 -1 7.2 +2.2
EBIZ Global X E-Commerce ETF 0.7 50 9 2.4 -2.6
HEDJ WisdomTree Europe Hedged Equity Fund 0.7 58 1 6.9 +1.9
RNDM Developed International Equity Select ETF 0.6 65 -6 6.3 +1.3
EURZ Xtrackers Eurozone Equity ETF 0.6 9 50 7.0 +2.0
RBIN Nationwide Risk-Based International Equity ETF 0.6 42 17 6.2 +1.2
PDEV Principal International Multi-Factor Core Index ETF 0.6 25 34 7.9 +2.9
WWJD Inspire International ESG ETF 0.6 80 -21 7.5 +2.5
DIM WisdomTree International MidCap Dividend Fund 0.6 58 1 7.7 +2.8
QINT American Century Quality Diversified International ETF 0.6 39 20 5.7 +0.7
GFIN Goldman Sachs Motif Finance Reimagined ETF 0.6 50 9 5.1 +0.2
VEA Vanguard FTSE Developed Markets ETF 0.6 5 54 7.4 +2.4
RFEU First Trust Riverfront Dynamic Europe ETF 0.6 83 -24 5.3 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 0.6 4 55 7.1 +2.2
IQIN IQ 500 International ETF 0.6 25 34 8.8 +3.9
IDEV iShares Core MSCI International Developed Markets ETF 0.5 5 54 7.2 +2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.5 58 1 6.3 +1.4
GDNA Goldman Sachs Motif Human Evolution ETF 0.5 50 9 0.3 -4.6
RWO SPDR Dow Jones Global Real Estate ETF 0.5 50 9 7.0 +2.0
IXUS ishares Core MSCI Total International Stock ETF 0.5 9 50 7.3 +2.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.5 38 21 6.4 +1.5
VIGI Vanguard International Dividend Appreciation ETF 0.5 25 34 5.6 +0.6

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 Germany Small Cap 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 8.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.