iShares MSCI Hong Kong ETF
ALTAR
Score™		 5.3% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.6x P/Sales
ratio		 2.6x
P/BV
ratio		 1.2x Div.
yield		 3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Hong Kong Index fund seeks investment results that correspond to the price and yield performance of the MSCI Hong Kong Index. The index consists primarily of large cap stocks traded on the Hong Kong Stock Exchange.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $1,165
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

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 27
Wgt avg mkt cap (mns) $47,422
Large cap (>$10bn) 93.4%
Mid cap ($2-10bn) 6.6%
Small cap (<$2bn) 0.0%
Developed mkts 96.2%
Emerging mkts 3.8%

TOP TEN HOLDINGS
AIA GROUP LTD 23.7 %
HONG KONG EXCHANGES & CLEAR 15.3 %
CK HUTCHISON HOLDINGS LTD 5.7 %
BOC HONG KONG HOLDINGS LTD 4.7 %
SUN HUNG KAI PROPERTIES 4.4 %
TECHTRONIC INDUSTRIES CO 4.2 %
CLP HOLDINGS LTD 4.2 %
LINK REIT 3.5 %
CK ASSET HOLDINGS LIMITED 3.0 %
POWER ASSETS HOLDINGS LTD 3.0 %
Total 71.6 %

TOP COUNTRY EXPOSURE
HONG KONG 96.1 %
MACAU 1.4 %
BERMUDA 0.0 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.6% 13.6% 1.5% 4.4% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.81 39%
MSCI EAFE 0.70 43%
MSCI Emg. Mkts. 0.42 40%

Technical Indicators
Recent close $22.52
30d moving avg. $22.28
Annualized volatility 23.5%
Short interest (ETF) 3.3%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 2,441
Turnover 4.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $648

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 210 potential alternatives to the iShares MSCI Hong Kong ETF ETF based on the alternatives' overlap in portfolio holdings with EWH. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWH Expense: 50 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWH
Ticker Fund
Name		 Overlap1
vs EWH
(%)		 Expense
ratio
(bp)		 Savings
vs EWH
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWH
(%)
BBAX JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF 16.2 19 31 5.2 -0.1
DVYA iShares Asia/Pacific Dividend ETF 13.5 49 1 6.7 +1.4
EFAS Global X MSCI SuperDividend EAFE ETF 10.0 57 -7 7.0 +1.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 9.6 80 -30 5.4 +0.1
IFGL iShares International Developed Real Estate ETF 6.9 48 2 7.6 +2.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 6.3 12 38 8.8 +3.5
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 6.1 10 40 8.8 +3.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.7 32 18 5.3 -0.0
GVAL Cambria Global Value ETF 5.4 68 -18 8.0 +2.7
GCOW Pacer Global Cash Cows Dividend ETF 5.4 60 -10 9.2 +3.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.3 22 28 5.5 +0.2
FID First Trust S&P International Dividend Aristocrats ETF 5.1 60 -10 7.5 +2.2
KBWR Invesco KBW Regional Banking ETF 5.0 35 15 8.5 +3.2
AIA iShares Asia 50 ETF 4.8 50 0 7.4 +2.1
BKCI BNY Mellon Concentrated International ETF 4.8 80 -30 5.0 -0.3
UIVM VictoryShares International Value Momentum ETF 4.6 35 15 7.7 +2.4
GQRE FlexShares Global Quality Real Estate Index Fund 4.5 45 5 7.6 +2.3
JHID John Hancock International High Dividend ETF 4.5 46 4 7.7 +2.4
DINT Davis Select International ETF 4.4 55 -5 6.1 +0.8
RWX SPDR Dow Jones International Real Estate ETF 4.1 59 -9 7.3 +2.0
DIM WisdomTree International MidCap Dividend Fund 4.1 58 -8 6.1 +0.9
DWMF WisdomTree International Multifactor Fund 4.0 38 12 6.8 +1.5
IPAC iShares Core MSCI Pacific ETF 4.0 9 41 5.2 -0.1
DTH WisdomTree International High Dividend Fund 4.0 58 -8 7.0 +1.7
WDIV SPDR S&P Global Dividend ETF 3.9 40 10 8.8 +3.5
IDLV Invesco S&P International Developed Low Volatility ETF 3.9 25 25 6.2 +1.0
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.8 78 -28 9.2 +3.9
OSEA Harbor International Compounders ETF 3.7 55 -5 4.5 -0.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 3.6 70 -20 6.7 +1.5
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.6 29 21 6.9 +1.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.5 50 0 5.6 +0.4
FEOE First Eagle Overseas Equity ETF 3.4 79 -29 6.0 +0.7
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 3.4 80 -30 7.0 +1.8
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.3 65 -15 7.9 +2.6
TPIF Timothy Plan International ETF 3.2 62 -12 5.5 +0.2
FENI Fidelity Enhanced International ETF 3.1 28 22 5.7 +0.4
FLAX Franklin FTSE Asia Ex Japan ETF 3.1 19 31 7.0 +1.7
VPL Vanguard FTSE Pacific ETF 3.1 7 43 4.9 -0.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.0 56 -6 9.2 +3.9
JPIN J.P. Morgan Diversified Return International Equity ETF 3.0 37 13 6.8 +1.6
QEFA SPDR MSCI EAFE StrategicFactors ETF 2.9 30 20 5.9 +0.7
AGQI First Trust Active Global Quality Income ETF 2.8 85 -35 6.3 +1.0
IDV iShares International Select Dividend ETF 2.8 51 -1 8.9 +3.6
EMC Global X Emerging Markets Great Consumer ETF 2.7 75 -25 7.0 +1.8
ERET iShares Environmentally Aware Real Estate ETF 2.7 30 20 7.0 +1.8
CGV Conductor Global Equity Value ETF 2.7 130 -80 7.6 +2.3
FIDI Fidelity International High Dividend ETF 2.7 18 32 6.9 +1.7
IDMO Invesco S&P International Developed Momentum ETF 2.7 25 25 5.0 -0.3
DMXF iShares ESG Advanced MSCI EAFE ETF 2.6 12 38 4.8 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.6 25 25 6.0 +0.7
SDG iShares MSCI Global Sustainable Development Goals ETF 2.6 49 1 4.6 -0.7
IQLT iShares MSCI Intl Quality Factor ETF 2.6 30 20 5.4 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 2.6 47 3 7.0 +1.7
CGIE Capital Group International Equity ETF 2.5 54 -4 4.5 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 2.5 31 19 5.4 +0.1
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.4 65 -15 4.2 -1.1
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.4 24 26 6.8 +1.5
IVLU iShares MSCI Intl Value Factor ETF 2.4 30 20 7.7 +2.4
BOAT SonicShares Global Shipping ETF 2.3 69 -19 16.9 +11.6
IDX VanEck Indonesia Index ETF 2.3 57 -7 9.4 +4.1
JIG JPMorgan International Growth ETF 2.3 55 -5 3.6 -1.7
DOL WisdomTree International LargeCap Dividend Fund 2.2 48 2 5.5 +0.2
CGXU Capital Group International Focus Equity ETF 2.2 54 -4 3.7 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 36 5.2 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.1 40 10 5.6 +0.3
DWM WisdomTree International Equity Fund 2.0 48 2 5.5 +0.2
DIVI Franklin International Core Dividend Tilt Index ETF 2.0 9 41 6.4 +1.1
INEQ Columbia International Equity Income ETF 2.0 45 5 7.5 +2.2
EDIV SPDR S&P Emerging Markets Dividend ETF 2.0 49 1 8.9 +3.6
LVHI Franklin International Low Volatility High Dividend Index ET 1.9 40 10 7.4 +2.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 1.9 12 38 5.3 -0.0
FIVA Fidelity International Value Factor ETF 1.9 18 32 7.0 +1.7
DWX SPDR S&P International Dividend ETF 1.9 45 5 6.6 +1.4
IDHQ Invesco S&P International Developed High Quality ETF 1.9 29 21 5.0 -0.3
DVYE iShares Emerging Markets Dividend ETF 1.9 49 1 16.7 +11.4
CEFA Global X S&P Catholic Values Developed ex-US ETF 1.9 35 15 5.5 +0.2
JADE JPMorgan Active Developing Markets Equity ETF 1.9 65 -15 5.8 +0.5
FEGE First Eagle Global Equity ETF 1.8 79 -29 5.9 +0.6
WWJD Inspire International ETF 1.8 80 -30 6.1 +0.9
VIGI Vanguard International Dividend Appreciation ETF 1.8 10 40 5.9 +0.7
HEFA iShares Currency Hedged MSCI EAFE ETF 1.8 35 15 5.7 +0.4
EFG iShares MSCI EAFE Growth ETF 1.8 36 14 3.8 -1.5
EFA iShares MSCI EAFE ETF 1.8 35 15 5.6 +0.3
FYLD Cambria Foreign Shareholder Yield ETF 1.7 59 -9 9.5 +4.2
JIRE JPMorgan International Research Enhanced Equity ETF 1.7 24 26 5.6 +0.4
CGRO CoreValues Alpha Greater China Growth ETF 1.7 75 -25 5.8 +0.5
DWLD Davis Select Worldwide ETF 1.7 63 -13 7.0 +1.7
ESGD iShares ESG Aware MSCI EAFE ETF 1.7 20 30 5.6 +0.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.7 9 41 7.6 +2.3
IQSI IQ Candriam International Equity ETF 1.7 15 35 5.5 +0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.7 36 14 5.2 -0.1
EFV iShares MSCI EAFE Value ETF 1.7 34 16 7.2 +1.9
IMFL Invesco International Developed Dynamic Multifactor ETF 1.7 34 16 5.1 -0.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.6 20 30 5.5 +0.2
GSID Goldman Sachs MarketBeta International Equity ETF 1.6 20 30 5.7 +0.4
IDOG ALPS International Sector Dividend Dogs ETF 1.6 50 0 9.0 +3.7
HFXI IQ FTSE International Equity Currency Neutral ETF 1.6 20 30 5.5 +0.2
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.6 20 30 5.5 +0.3
JHMD John Hancock Multifactor Developed International ETF 1.6 39 11 6.1 +0.8
FRGN Horizon International Equity ETF 1.6 75 -25 7.7 +2.4
ERTH Invesco MSCI Sustainable Future ETF 1.5 62 -12 3.4 -1.9
IEFA iShares Core MSCI EAFE ETF 1.5 7 43 5.9 +0.6
BKIE BNY Mellon International Equity ETF 1.5 4 46 17.5 +12.2
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.4 65 -15 7.1 +1.8
DEW WisdomTree Global High Dividend Fund 1.4 58 -8 7.0 +1.7
RGEF Rockefeller Global Equity ETF 1.4 55 -5 3.8 -1.5
AVIV Avantis International Large Cap Value ETF 1.4 25 25 6.7 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.3 39 11 6.1 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 1.3 4 46 5.9 +0.6
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 3 7.2 +1.9
SCHF Schwab International Equity ETF 1.3 6 44 5.8 +0.5
VYMI Vanguard International High Dividend Yield ETF 1.3 17 33 7.6 +2.3
DIHP Dimensional International High Profitability ETF 1.3 29 21 5.7 +0.4
AIVI WisdomTree International AI Enhanced Value Fund 1.3 58 -8 6.0 +0.7
DFIV Dimensional International Value ETF 1.3 27 23 7.4 +2.1
INTF iShares International Equity Factor ETF 1.2 15 35 6.3 +1.0
AVDE Avantis International Equity ETF 1.2 23 27 6.1 +0.8
JIVE JPMorgan International Value ETF 1.2 55 -5 7.8 +2.5
DFAI Dimensional International Core Equity Market ETF 1.2 18 32 5.9 +0.6
SPDW SPDR Portfolio Developed World ex-US ETF 1.2 3 47 5.7 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.2 45 5 6.5 +1.2
ARKF ARK Fintech Innovation ETF 1.2 75 -25 0.2 -5.1
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 11 7.1 +1.8
VEA Vanguard FTSE Developed Markets ETF 1.2 3 47 5.8 +0.5
RWO SPDR Dow Jones Global Real Estate ETF 1.1 50 0 6.4 +1.1
IGRO iShares International Dividend Growth ETF 1.1 15 35 6.6 +1.3
ACWV iShares MSCI Global Min Vol Factor ETF 1.1 20 30 5.6 +0.3
AVSD Avantis Responsible International Equity ETF 1.1 23 27 5.8 +0.5
SUPL ProShares Supply Chain Logistics ETF 1.1 58 -8 7.7 +2.5
FNDF Schwab Fundamental International Large Co. Index ETF 1.0 25 25 7.1 +1.8
ACWX iShares MSCI ACWI ex U.S. ETF 1.0 34 16 6.2 +0.9
STXI Strive International Developed Markets ETF 1.0 29 21 6.4 +1.1
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.0 18 32 6.2 +0.9
CWI SPDR MSCI ACWI ex-US ETF 1.0 30 20 6.3 +1.0
IXG iShares Global Financials ETF 1.0 42 8 5.8 +0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.0 41 9 5.9 +0.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.9 4 46 6.6 +1.3
IXUS iShares Core MSCI Total International Stock ETF 0.9 7 43 6.5 +1.2
BLES Inspire Global Hope ETF 0.9 61 -11 5.7 +0.4
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.9 33 17 6.6 +1.3
VXUS Vanguard Total International Stock ETF 0.9 5 45 6.5 +1.2
FDNI First Trust Dow Jones International Internet ETF 0.9 65 -15 26.8 +21.5
VSGX Vanguard ESG International Stock ETF 0.9 10 40 6.4 +1.1
DFIC Dimensional International Core Equity 2 ETF 0.9 23 27 6.1 +0.8
FDEV Fidelity International Multifactor ETF 0.9 18 32 7.0 +1.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.8 39 11 6.7 +1.4
SHPP Pacer Industrials and Logistics ETF 0.8 60 -10 6.7 +1.4
QWLD SPDR MSCI World StrategicFactors ETF 0.8 30 20 5.1 -0.2
FDT First Trust Developed Markets ex-US AlphaDEX Fund 0.8 80 -30 6.6 +1.3
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -39 4.3 -1.0
AVRE Avantis Real Estate ETF 0.7 17 33 7.1 +1.8
DFGR Dimensional Global Real Estate ETF 0.7 22 28 7.2 +1.9
REET iShares Global REIT ETF 0.7 14 36 7.1 +1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -33 7.3 +2.0
PIEL Pacer International Export Leaders ETF 0.7 60 -10 4.1 -1.2
CGGO Capital Group Global Growth Equity ETF 0.7 47 3 4.1 -1.2
JGLO JPMorgan Global Select Equity ETF 0.7 33 17 4.3 -1.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 8 4.1 -1.2
IMTM iShares MSCI Intl Momentum Factor ETF 0.6 30 20 4.6 -0.7
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 11 6.6 +1.3
DXIV Dimensional International Vector Equity ETF 0.6 34 16 6.4 +1.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.6 25 25 5.5 +0.2
VIDI Vident International Equity Strategy ETF 0.6 61 -11 7.9 +2.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 4 5.4 +0.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 0.6 86 -36 13.8 +8.5
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.6 58 -8 5.3 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.5 30 20 6.2 +0.9
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 40 4.9 -0.4
IQDG WisdomTree International Quality Dividend Growth Fund 0.5 42 8 5.7 +0.4
CZAR Themes Natural Monopoly ETF 0.5 35 15 5.3 +0.0
CGDG Capital Group Dividend Growers ETF 0.5 47 3 5.1 -0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 41 4.4 -0.9
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 3 5.0 -0.3
GLOF iShares Global Equity Factor ETF 0.5 20 30 5.5 +0.2
EXI iShares Global Industrials ETF 0.5 42 8 3.7 -1.6
BYRE Principal Real Estate Active Opportunities ETF 0.5 65 -15 7.2 +1.9
GXC SPDR S & P China ETF 0.5 59 -9 19.8 +14.5
BJK VanEck Gaming ETF 0.5 65 -15 4.6 -0.7
TOK iShares MSCI Kokusai ETF 0.5 26 24 4.3 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 0.4 24 26 5.5 +0.3
URTH iShares MSCI World ETF 0.4 24 26 4.3 -1.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.4 12 38 4.4 -0.9
WLDR Affinity World Leaders Equity ETF 0.4 67 -17 5.4 +0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.4 9 41 4.8 -0.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.4 20 30 4.7 -0.6
ACWI iShares MSCI ACWI ETF 0.4 32 18 4.6 -0.7
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.4 49 1 5.9 +0.6
GEW Cambria Global EW ETF 0.4 29 21 5.3 +0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 0.4 29 21 6.3 +1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.3 49 1 13.0 +7.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.3 50 0 7.9 +2.6
SCHY Schwab International Dividend Equity ETF 0.3 14 36 8.4 +3.1
VT Vanguard Total World Stock ETF 0.3 6 44 4.9 -0.3
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 25 8.7 +3.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 18 15.4 +10.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.3 39 11 13.1 +7.8
AQLT iShares MSCI Global Quality Factor ETF 0.2 18 32 0.0 -5.3
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 1 8.5 +3.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 14 7.4 +2.2
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 35 7.9 +2.6
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 4.0 -1.3
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 39 23.9 +18.6
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 43 9.4 +4.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 -9 8.3 +3.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.1 15 35 8.8 +3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 18 7.4 +2.2
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.0 20 30 0.8 -4.4
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 3.0 -2.3
APIE ActivePassive International Equity ETF 0.0 45 5 6.3 +1.0
CCNR ALPS CoreCommodity Natural Resources ETF 0.0 39 11 7.8 +2.5

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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 Hong Kong 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 6.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.44 CATEGORY
AVERAGE		 1.64
 
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.