iShares MSCI Hong Kong ETF
ALTAR
Score™		 5.0% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.3x P/Sales
ratio		 2.7x
P/BV
ratio		 1.2x Div.
yield		 3.7%


  • 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) $856
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 24.0 %
HONG KONG EXCHANGES & CLEAR 14.6 %
CK HUTCHISON HOLDINGS LTD 5.3 %
SUN HUNG KAI PROPERTIES 4.6 %
BOC HONG KONG HOLDINGS LTD 4.5 %
TECHTRONIC INDUSTRIES CO 4.1 %
CLP HOLDINGS LTD 3.9 %
LINK REIT 3.2 %
CK ASSET HOLDINGS LIMITED 3.0 %
WH GROUP LTD 2.9 %
Total 70.2 %

TOP COUNTRY EXPOSURE
HONG KONG 96.2 %
BERMUDA 1.8 %
MACAU 1.5 %








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.
8.7% 39.1% 1.0% 5.1% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 0.62 40%
MSCI EAFE 0.71 45%
MSCI Emg. Mkts. 0.70 57%

Technical Indicators
Recent close $23.52
30d moving avg. $23.11
Annualized volatility 23.5%
Short interest (ETF) 6.7%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 5,759
Turnover 15.8%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $648

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 221 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™: 5.0%


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 17.7 19 31 5.2 +0.2
JIVE JPMorgan International Value ETF 17.2 55 -5 8.3 +3.3
EFAS Global X MSCI SuperDividend EAFE ETF 14.7 57 -7 7.2 +2.2
DVYA iShares Asia/Pacific Dividend ETF 13.3 49 1 6.8 +1.8
IFGL iShares International Developed Real Estate ETF 8.4 48 2 6.8 +1.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 8.3 80 -30 5.3 +0.3
VNQI Vanguard Global ex-U.S. Real Estate ETF 7.2 12 38 8.0 +3.0
FID First Trust S&P International Dividend Aristocrats ETF 7.1 60 -10 7.8 +2.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 5.9 10 40 7.9 +2.9
EFAV iShares MSCI EAFE Min Vol Factor ETF 5.8 22 28 5.5 +0.5
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 5.7 80 -30 7.3 +2.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 5.5 32 18 5.2 +0.2
WDIV SPDR S&P Global Dividend ETF 5.4 40 10 9.1 +4.1
GQRE FlexShares Global Quality Real Estate Index Fund 5.3 45 5 7.1 +2.1
AIA iShares Asia 50 ETF 5.3 50 0 8.4 +3.4
GVAL Cambria Global Value ETF 5.2 68 -18 8.6 +3.6
BKCI BNY Mellon Concentrated International ETF 5.1 80 -30 4.8 -0.2
DINT Davis Select International ETF 5.0 55 -5 5.9 +0.9
DIM WisdomTree International MidCap Dividend Fund 4.9 58 -8 6.1 +1.1
IPAC iShares Core MSCI Pacific ETF 4.7 9 41 5.5 +0.5
DWMF WisdomTree International Multifactor Fund 4.5 38 12 6.6 +1.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.5 70 -20 7.1 +2.1
UIVM VictoryShares International Value Momentum ETF 4.2 35 15 8.1 +3.1
DTH WisdomTree International High Dividend Fund 4.2 58 -8 7.2 +2.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 4.1 65 -15 7.7 +2.7
OSEA Harbor International Compounders ETF 3.9 55 -5 4.1 -0.9
FEOE First Eagle Overseas Equity ETF 3.9 79 -29 6.1 +1.1
IDLV Invesco S&P International Developed Low Volatility ETF 3.8 25 25 6.1 +1.1
RWX SPDR Dow Jones International Real Estate ETF 3.8 59 -9 6.7 +1.7
FLAX Franklin FTSE Asia Ex Japan ETF 3.8 19 31 7.3 +2.3
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.7 50 0 5.5 +0.5
VPL Vanguard FTSE Pacific ETF 3.7 7 43 5.4 +0.4
SDG iShares MSCI Global Sustainable Development Goals ETF 3.7 49 1 4.5 -0.5
MCH Matthews China Active ETF 3.7 79 -29 14.3 +9.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 3.6 29 21 6.9 +1.9
AGQI First Trust Active Global Quality Income ETF 3.6 85 -35 6.5 +1.5
TPIF Timothy Plan International ETF 3.5 62 -12 5.4 +0.4
JHID John Hancock International High Dividend ETF 3.4 46 4 7.8 +2.8
BLCN Siren ETF Trust Siren Nasdaq NexGen Economy ETF 3.4 68 -18 0.6 -4.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 3.3 47 3 7.3 +2.3
ADIV SmartETFs Asia Pacific Dividend Builder ETF 3.3 78 -28 9.7 +4.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.3 56 -6 9.6 +4.6
ERET iShares Environmentally Aware Real Estate ETF 3.3 30 20 6.6 +1.6
DMXF iShares ESG Advanced MSCI EAFE ETF 3.3 12 38 4.9 -0.1
CIL VictoryShares International Volatility Wtd ETF 3.3 45 5 5.8 +0.8
GCOW Pacer Global Cash Cows Dividend ETF 3.2 60 -10 9.1 +4.1
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.0 30 20 5.9 +0.9
JPIN J.P. Morgan Diversified Return International Equity ETF 3.0 37 13 6.9 +1.9
MEM Matthews Emerging Markets Equity Active ETF 2.9 79 -29 8.6 +3.6
IDV iShares International Select Dividend ETF 2.9 51 -1 8.9 +3.9
CGIE Capital Group International Equity ETF 2.9 54 -4 4.5 -0.5
CGV Conductor Global Equity Value ETF 2.9 130 -80 7.3 +2.3
EMC Global X Emerging Markets Great Consumer ETF 2.8 75 -25 7.2 +2.3
FENI Fidelity Enhanced International ETF 2.7 28 22 5.7 +0.7
JIG JPMorgan International Growth ETF 2.7 55 -5 3.5 -1.5
IQLT iShares MSCI Intl Quality Factor ETF 2.7 30 20 5.3 +0.3
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 2.7 65 -15 3.9 -1.1
DIVI Franklin International Core Dividend Tilt Index ETF 2.6 9 41 6.5 +1.5
IVLU iShares MSCI Intl Value Factor ETF 2.5 30 20 8.0 +3.0
IDMO Invesco S&P International Developed Momentum ETF 2.5 25 25 5.1 +0.1
VIGI Vanguard International Dividend Appreciation ETF 2.4 10 40 6.0 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 2.4 25 25 6.0 +1.0
FEGE First Eagle Global Equity ETF 2.3 79 -29 5.9 +0.9
DOL WisdomTree International LargeCap Dividend Fund 2.3 48 2 5.7 +0.7
HYP Golden Eagle Dynamic Hypergrowth ETF 2.3 85 -35 -0.8 -5.8
AADR AdvisorShares Dorsey Wright ADR ETF 2.3 110 -60 2.8 -2.2
NEWZ StockSnips AI-Powered Sentiment US All Cap ETF 2.3 65 -15 5.0 +0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 2.3 31 19 5.5 +0.5
IMTM iShares MSCI Intl Momentum Factor ETF 2.3 30 20 4.6 -0.4
CGRO CoreValues Alpha Greater China Growth ETF 2.3 75 -25 4.4 -0.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 2.3 24 26 6.7 +1.7
CGXU Capital Group International Focus Equity ETF 2.2 54 -4 3.9 -1.1
FIDI Fidelity International High Dividend ETF 2.2 18 32 7.1 +2.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 2.2 40 10 5.6 +0.6
IDOG ALPS International Sector Dividend Dogs ETF 2.1 50 0 9.0 +4.0
DWX SPDR S&P International Dividend ETF 2.1 45 5 6.6 +1.7
DWLD Davis Select Worldwide ETF 2.1 63 -13 6.6 +1.7
VWID Virtus WMC International Dividend ETF 2.1 49 1 7.2 +2.3
DWM WisdomTree International Equity Fund 2.1 48 2 5.5 +0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.1 14 36 5.3 +0.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 2.1 35 15 5.6 +0.6
JADE JPMorgan Active Developing Markets Equity ETF 2.1 65 -15 6.1 +1.1
FDEV Fidelity International Multifactor ETF 2.1 18 32 7.0 +2.0
CGDG Capital Group Dividend Growers ETF 2.1 47 3 5.1 +0.1
EFV iShares MSCI EAFE Value ETF 2.0 34 16 7.4 +2.4
VEGI iShares MSCI Agriculture Producers ETF 2.0 39 11 7.4 +2.4
MINV Matthews Asia Innovators Active ETF 2.0 79 -29 5.6 +0.7
LVHI Franklin International Low Volatility High Dividend Index ET 2.0 40 10 7.5 +2.5
EFA iShares MSCI EAFE ETF 2.0 35 15 5.6 +0.6
FYLD Cambria Foreign Shareholder Yield ETF 2.0 59 -9 10.1 +5.1
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 2.0 12 38 5.2 +0.2
IMOM Alpha Architect International Quantitative Momentum ETF 2.0 49 1 4.0 -1.0
WWJD Inspire International ETF 1.9 80 -30 6.0 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 1.9 20 30 5.5 +0.5
FIVA Fidelity International Value Factor ETF 1.9 18 32 7.4 +2.4
ESGD iShares ESG Aware MSCI EAFE ETF 1.9 20 30 5.7 +0.7
AIVI WisdomTree International AI Enhanced Value Fund 1.9 58 -8 6.1 +1.1
EFG iShares MSCI EAFE Growth ETF 1.8 36 14 3.7 -1.3
IQSI IQ Candriam International Equity ETF 1.8 15 35 5.5 +0.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 1.8 36 14 5.4 +0.4
GSID Goldman Sachs MarketBeta International Equity ETF 1.8 20 30 5.8 +0.8
HFXI IQ FTSE International Equity Currency Neutral ETF 1.8 20 30 5.7 +0.7
ARKF ARK Fintech Innovation ETF 1.8 75 -25 0.2 -4.8
RGEF Rockefeller Global Equity ETF 1.8 55 -5 3.9 -1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 1.8 9 41 7.5 +2.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 1.8 20 30 5.4 +0.5
BOAT SonicShares Global Shipping ETF 1.8 69 -19 21.2 +16.2
IEFA iShares Core MSCI EAFE ETF 1.7 7 43 5.9 +1.0
IDHQ Invesco S&P International Developed High Quality ETF 1.7 29 21 5.4 +0.4
JIRE JPMorgan International Research Enhanced Equity ETF 1.7 24 26 5.7 +0.8
INEQ Columbia International Equity Income ETF 1.7 45 5 7.5 +2.5
FRGN Horizon International Equity ETF 1.6 75 -25 8.0 +3.0
INTF iShares International Equity Factor ETF 1.6 15 35 6.3 +1.4
IQDF FlexShares International Quality Dividend Index Fund 1.6 47 3 7.6 +2.6
BKIE BNY Mellon International Equity ETF 1.6 4 46 5.9 +0.9
LEGR First Trust Indxx Innovative Transaction & Process ETF 1.6 65 -15 7.4 +2.4
JHMD John Hancock Multifactor Developed International ETF 1.6 39 11 6.0 +1.1
IDEV iShares Core MSCI International Developed Markets ETF 1.5 4 46 5.9 +0.9
IQRA IQ CBRE Real Assets ETF 1.5 65 -15 5.7 +0.7
SCHF Schwab International Equity ETF 1.5 6 44 5.9 +0.9
DVYE iShares Emerging Markets Dividend ETF 1.5 49 1 16.7 +11.7
IMFL Invesco International Developed Dynamic Multifactor ETF 1.5 34 16 5.1 +0.1
DEW WisdomTree Global High Dividend Fund 1.5 58 -8 7.3 +2.3
DFIV Dimensional International Value ETF 1.5 27 23 7.7 +2.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 1.5 39 11 6.1 +1.1
VYMI Vanguard International High Dividend Yield ETF 1.4 17 33 7.9 +2.9
FDRR Fidelity Dividend ETF for Rising Rates 1.4 15 35 5.9 +0.9
SPDW SPDR Portfolio Developed World ex-US ETF 1.4 3 47 5.8 +0.8
DIHP Dimensional International High Profitability ETF 1.4 29 21 5.6 +0.6
DFAI Dimensional International Core Equity Market ETF 1.4 18 32 5.9 +0.9
VEA Vanguard FTSE Developed Markets ETF 1.4 3 47 5.9 +0.9
AVDE Avantis International Equity ETF 1.4 23 27 6.1 +1.1
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.4 80 -30 6.7 +1.7
AVIV Avantis International Large Cap Value ETF 1.4 25 25 6.8 +1.8
ACWV iShares MSCI Global Min Vol Factor ETF 1.4 20 30 5.6 +0.7
IXG iShares Global Financials ETF 1.3 42 8 6.2 +1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 1.3 45 5 6.8 +1.8
WLDR Affinity World Leaders Equity ETF 1.2 67 -17 6.3 +1.3
FNDF Schwab Fundamental International Large Co. Index ETF 1.2 25 25 7.5 +2.5
ACWX iShares MSCI ACWI ex U.S. ETF 1.2 34 16 6.3 +1.3
AVSD Avantis Responsible International Equity ETF 1.2 23 27 5.8 +0.8
CZAR Themes Natural Monopoly ETF 1.2 35 15 5.2 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.2 41 9 6.1 +1.1
CWI SPDR MSCI ACWI ex-US ETF 1.1 30 20 6.4 +1.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.1 18 32 6.3 +1.3
IGRO iShares International Dividend Growth ETF 1.1 15 35 6.6 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 1.1 4 46 6.7 +1.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 1.1 33 17 6.8 +1.9
RWO SPDR Dow Jones Global Real Estate ETF 1.1 50 0 6.2 +1.2
IXUS iShares Core MSCI Total International Stock ETF 1.1 7 43 6.5 +1.5
VIDI Vident International Equity Strategy ETF 1.1 61 -11 8.2 +3.3
VSGX Vanguard ESG International Stock ETF 1.0 10 40 6.6 +1.6
FDNI First Trust Dow Jones International Internet ETF 1.0 65 -15 21.5 +16.5
VXUS Vanguard Total International Stock ETF 1.0 5 45 6.6 +1.6
STXI Strive International Developed Markets ETF 1.0 29 21 6.2 +1.2
SUPL ProShares Supply Chain Logistics ETF 1.0 58 -8 7.5 +2.6
DFIC Dimensional International Core Equity 2 ETF 1.0 23 27 6.1 +1.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 1.0 86 -36 11.4 +6.4
BLES Inspire Global Hope ETF 1.0 61 -11 5.7 +0.7
ERTH Invesco MSCI Sustainable Future ETF 0.9 62 -12 2.9 -2.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.9 39 11 6.6 +1.6
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 20 5.1 +0.2
BYRE Principal Real Estate Active Opportunities ETF 0.9 65 -15 6.9 +1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.9 39 11 6.9 +1.9
AVRE Avantis Real Estate ETF 0.9 17 33 6.6 +1.6
PIEL Pacer International Export Leaders ETF 0.8 60 -10 4.2 -0.8
FPXI First Trust International Equity Opportunities ETF 0.8 70 -20 3.8 -1.2
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -39 4.5 -0.5
DXIV Dimensional International Vector Equity ETF 0.8 34 16 6.4 +1.5
REET iShares Global REIT ETF 0.7 14 36 6.8 +1.9
CCNR ALPS CoreCommodity Natural Resources ETF 0.7 39 11 8.0 +3.0
RFDI First Trust Riverfront Dynamic Developed International ETF 0.7 83 -33 7.6 +2.6
DFGR Dimensional Global Real Estate ETF 0.7 22 28 6.9 +1.9
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.7 42 8 4.0 -1.0
DFSI Dimensional International Sustainability Core 1 ETF 0.6 24 26 5.5 +0.5
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.6 30 20 6.3 +1.3
GLOF iShares Global Equity Factor ETF 0.6 20 30 5.6 +0.7
BJK VanEck Gaming ETF 0.6 65 -15 4.0 -1.0
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 0.6 46 4 5.1 +0.1
SHPP Pacer Industrials and Logistics ETF 0.6 60 -10 6.8 +1.8
PPIE Putnam PanAgora ESG International Equity ETF 0.6 49 1 6.3 +1.4
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 29 21 7.1 +2.1
TOK iShares MSCI Kokusai ETF 0.6 26 24 4.3 -0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.6 58 -8 5.3 +0.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.5 42 8 5.6 +0.6
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.5 20 30 4.8 -0.2
GXC SPDR S & P China ETF 0.5 59 -9 17.0 +12.0
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.5 9 41 4.9 -0.1
URTH iShares MSCI World ETF 0.5 24 26 4.4 -0.6
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.5 12 38 4.4 -0.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.5 47 3 4.9 -0.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.5 9 41 4.4 -0.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 5.9 +0.9
ACWI iShares MSCI ACWI ETF 0.4 32 18 4.7 -0.3
KLMT Invesco MSCI Global Climate 500 ETF 0.4 10 40 5.0 +0.0
EXI iShares Global Industrials ETF 0.4 42 8 3.5 -1.5
GEW Cambria Global EW ETF 0.4 29 21 5.4 +0.4
FDVV Fidelity High Dividend ETF 0.4 15 35 6.7 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 0.4 50 0 8.2 +3.3
VT Vanguard Total World Stock ETF 0.4 6 44 5.1 +0.1
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.4 25 25 5.4 +0.5
FPAG FPA Global Equity ETF 0.3 49 1 5.8 +0.8
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 32 0.0 -5.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 0.3 32 18 12.7 +7.7
JGLO JPMorgan Global Select Equity ETF 0.3 33 17 4.2 -0.7
EMGF iShares Emerging Markets Equity Factor ETF 0.3 25 25 9.0 +4.1
SCHY Schwab International Dividend Equity ETF 0.3 14 36 8.1 +3.2
GMF SPDR S&P Emerging Asia Pacific ETF 0.2 49 1 8.7 +3.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.2 39 11 13.4 +8.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.2 49 1 13.2 +8.2
SPEM SPDR Portfolio Emerging Markets ETF 0.2 7 43 9.3 +4.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.2 42 8 4.2 -0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 0.2 36 14 7.6 +2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 0.2 15 35 8.0 +3.1
BKEM BNY Mellon Emerging Markets Equity ETF 0.2 11 39 8.0 +3.0
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.2 15 35 8.9 +3.9
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.2 59 -9 8.5 +3.5
KOMP State Street SPDR S&P Kensho New Economies Composite ETF 0.1 20 30 0.8 -4.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.1 32 18 7.5 +2.5
ONEQ Fidelity Nasdaq Composite Index ETF 0.0 21 29 2.9 -2.1
APIE ActivePassive International Equity ETF 0.0 45 5 6.3 +1.3

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

  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 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.0 %
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.