iShares MSCI Italy ETF
ALTAR
Score™		 10.9% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 15.2x P/Sales
ratio		 1.5x
P/BV
ratio		 12.7x Div.
yield		 4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Italy Index Fund objective seeks to provide investment results that correspond to the performance of the Italian market, as measured by the MSCI Italy Index. The Fund invests in a

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Fund Advisors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $1,125
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 26
Wgt avg mkt cap (mns) $67,204
Large cap (>$10bn) 94.5%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNICREDIT S.P.A. 17.6 %
INTESA SANPAOLO S.P.A. 14.7 %
ENEL SPA 10.6 %
ASSICURAZIONI GENERALI 4.7 %
PRYSMIAN SPA 4.5 %
FERRARI NV 4.4 %
ENI SPA 4.4 %
BANCA MONTE DEI PASCHI DI SIENA SP 3.9 %
LEONARDO SPA 3.6 %
BANCA POPOL EMILIA ROMAGNA 3.5 %
Total 71.9 %

TOP COUNTRY EXPOSURE
ITALY 89.6 %
BRITAIN 1.8 %
LUXEMBOURG 1.6 %








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.
16.9% 26.0% 17.8% 14.4% 7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.96 46%
MSCI EAFE 1.03 79%
MSCI Emg. Mkts. 0.48 44%

Technical Indicators
Recent close $61.96
30d moving avg. $61.42
Annualized volatility 18.3%
Short interest (ETF) 6.5%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 313
Turnover 1.7%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $1,688

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 215 potential alternatives to the iShares MSCI Italy ETF ETF based on the alternatives' overlap in portfolio holdings with EWI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWI Expense: 50 bp ALTAR Score™: 10.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWI
Ticker Fund
Name		 Overlap1
vs EWI
(%)		 Expense
ratio
(bp)		 Savings
vs EWI
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWI
(%)
EUFN iShares MSCI Europe Financials ETF 9.9 51 -1 6.4 -4.6
IDV iShares International Select Dividend ETF 9.1 51 -1 8.9 -2.0
HEZU iShares Currency Hedged MSCI Eurozone ETF 8.9 53 -3 5.4 -5.5
EZU iShares MSCI Eurozone ETF 8.9 52 -2 5.6 -5.4
FEZ SPDR EURO STOXX 50 ETF 8.7 29 21 5.7 -5.3
SCHY Schwab International Dividend Equity ETF 8.4 14 36 8.4 -2.5
JHID John Hancock International High Dividend ETF 7.9 46 4 7.7 -3.3
DTH WisdomTree International High Dividend Fund 7.7 58 -8 7.0 -3.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.1 45 5 5.5 -5.5
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 6.9 58 -8 9.2 -1.8
IPKW Invesco International BuyBack Achievers ETF 6.4 55 -5 7.7 -3.2
SMOG VanEck Low Carbon Energy ETF 6.3 61 -11 1.3 -9.6
LVHI Franklin International Low Volatility High Dividend Index ET 6.0 40 10 7.4 -3.6
FINE Themes European Luxury ETF 5.9 35 15 3.8 -7.2
DWMF WisdomTree International Multifactor Fund 5.9 38 12 6.8 -4.1
POW VistaShares Electrification Supercycle ETF 5.8 75 -25 2.4 -8.5
IDMO Invesco S&P International Developed Momentum ETF 5.8 25 25 5.0 -6.0
DIVI Franklin International Core Dividend Tilt Index ETF 5.7 9 41 6.4 -4.6
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 5.7 58 -8 3.6 -7.3
RFDI First Trust Riverfront Dynamic Developed International ETF 5.5 83 -33 7.3 -3.7
FEUZ First Trust Eurozone AlphaDEX ETF 5.4 80 -30 6.5 -4.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 5.2 25 25 6.3 -4.7
TPIF Timothy Plan International ETF 5.2 62 -12 5.5 -5.5
UIVM VictoryShares International Value Momentum ETF 5.2 35 15 7.7 -3.3
DOL WisdomTree International LargeCap Dividend Fund 5.1 48 2 5.5 -5.5
IEV iShares Europe ETF 5.1 67 -17 5.9 -5.1
JXI iShares Global Utilities ETF 5.1 43 7 5.5 -5.5
IQDF FlexShares International Quality Dividend Index Fund 5.0 47 3 7.2 -3.7
INEQ Columbia International Equity Income ETF 5.0 45 5 7.5 -3.5
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 4.9 80 -30 3.7 -7.3
FPXE First Trust IPOX Europe Equity Opportunities ETF 4.8 70 -20 4.1 -6.8
BBEU JPMorgan BetaBuilders Europe ETF 4.8 9 41 6.2 -4.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.8 47 3 7.0 -4.0
FLEE Franklin FTSE Europe ETF 4.6 9 41 6.3 -4.7
VGK Vanguard FTSE Europe ETF 4.6 6 44 6.5 -4.4
EFV iShares MSCI EAFE Value ETF 4.5 34 16 7.2 -3.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.5 80 -30 5.4 -5.6
SOLR Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund 4.5 79 -29 3.7 -7.2
SPEU SPDR Portfolio Europe ETF 4.5 7 43 6.5 -4.5
FAN First Trust Global Wind Energy ETF 4.4 60 -10 3.0 -7.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 4.4 40 10 5.6 -5.3
DWM WisdomTree International Equity Fund 4.4 48 2 5.5 -5.4
IEUR iShares Core MSCI Europe ETF 4.3 11 39 6.4 -4.6
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.3 65 -15 4.2 -6.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 4.2 46 4 5.4 -5.6
EUDV ProShares MSCI Europe Dividend Growers ETF 4.2 55 -5 5.9 -5.0
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.0 22 28 5.5 -5.4
IDOG ALPS International Sector Dividend Dogs ETF 4.0 50 0 9.0 -2.0
FYLD Cambria Foreign Shareholder Yield ETF 3.9 59 -9 9.5 -1.4
NUDM Nuveen ESG International Developed Markets Equity ETF 3.8 31 19 5.4 -5.6
DIM WisdomTree International MidCap Dividend Fund 3.8 58 -8 6.1 -4.8
IGRO iShares International Dividend Growth ETF 3.7 15 35 6.6 -4.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.7 56 -6 9.2 -1.8
GCOW Pacer Global Cash Cows Dividend ETF 3.6 60 -10 9.2 -1.8
AIVI WisdomTree International AI Enhanced Value Fund 3.6 58 -8 6.0 -5.0
DEW WisdomTree Global High Dividend Fund 3.6 58 -8 7.0 -4.0
OAIM OneAscent International Equity ETF 3.6 95 -45 4.3 -6.6
SHLD Global X Defense Tech ETF 3.6 50 0 3.3 -7.6
HEDJ WisdomTree Europe Hedged Equity Fund 3.5 58 -8 6.1 -4.9
IDLV Invesco S&P International Developed Low Volatility ETF 3.4 25 25 6.2 -4.7
FIDI Fidelity International High Dividend ETF 3.3 18 32 6.9 -4.0
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.3 50 0 5.6 -5.3
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.3 30 20 5.9 -5.0
JIVE JPMorgan International Value ETF 3.3 55 -5 7.8 -3.2
IVLU iShares MSCI Intl Value Factor ETF 3.2 30 20 7.7 -3.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.2 25 25 6.0 -5.0
FEP First Trust Europe AlphaDEX Fund 3.1 80 -30 6.7 -4.2
VYMI Vanguard International High Dividend Yield ETF 3.1 17 33 7.6 -3.3
HEFA iShares Currency Hedged MSCI EAFE ETF 3.1 35 15 5.7 -5.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 3.1 20 30 5.5 -5.5
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 3.1 12 38 5.3 -5.7
IPAV Global X Infrastructure Development ex-U.S. ETF 3.1 55 -5 5.9 -5.0
JHMD John Hancock Multifactor Developed International ETF 3.1 39 11 6.1 -4.9
EFA iShares MSCI EAFE ETF 3.1 35 15 5.6 -5.3
FRGN Horizon International Equity ETF 3.1 75 -25 7.7 -3.3
WWJD Inspire International ETF 3.1 80 -30 6.1 -4.8
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.1 35 15 5.5 -5.5
QINT American Century Quality Diversified International ETF 3.1 39 11 6.4 -4.5
VCLN Virtus Duff & Phelps Clean Energy ETF 3.0 59 -9 2.7 -8.3
FDEV Fidelity International Multifactor ETF 2.9 18 32 7.0 -4.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.9 39 11 6.1 -4.9
JPIN J.P. Morgan Diversified Return International Equity ETF 2.9 37 13 6.8 -4.1
ESGD iShares ESG Aware MSCI EAFE ETF 2.9 20 30 5.6 -5.3
IQSI IQ Candriam International Equity ETF 2.9 15 35 5.5 -5.4
DFIV Dimensional International Value ETF 2.8 27 23 7.4 -3.6
GSID Goldman Sachs MarketBeta International Equity ETF 2.7 20 30 5.7 -5.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.7 36 14 5.2 -5.8
FENI Fidelity Enhanced International ETF 2.7 28 22 5.7 -5.3
AVIV Avantis International Large Cap Value ETF 2.7 25 25 6.7 -4.3
INTF iShares International Equity Factor ETF 2.7 15 35 6.3 -4.6
IEFA iShares Core MSCI EAFE ETF 2.7 7 43 5.9 -5.0
FID First Trust S&P International Dividend Aristocrats ETF 2.6 60 -10 7.5 -3.5
FDFF Fidelity Disruptive Finance ETF 2.6 50 0 5.1 -5.9
WLDR Affinity World Leaders Equity ETF 2.6 67 -17 5.4 -5.6
IXG iShares Global Financials ETF 2.6 42 8 5.8 -5.2
HFXI IQ FTSE International Equity Currency Neutral ETF 2.5 20 30 5.5 -5.4
STXI Strive International Developed Markets ETF 2.5 29 21 6.4 -4.6
IVAL Alpha Architect International Quantitative Value ETF 2.5 49 1 7.3 -3.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.5 9 41 7.6 -3.4
FNDF Schwab Fundamental International Large Co. Index ETF 2.5 25 25 7.1 -3.9
BKIE BNY Mellon International Equity ETF 2.5 4 46 17.5 +6.6
SCHF Schwab International Equity ETF 2.4 6 44 5.8 -5.2
BINV Brandes International ETF 2.4 70 -20 8.4 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 2.3 4 46 5.9 -5.1
FDD First Trust Stoxx European Select Dividend Index Fund 2.3 58 -8 9.3 -1.7
FICS First Trust International Developed Capital Strength ETF 2.3 70 -20 6.8 -4.2
IGF iShares Global Infrastructure ETF 2.3 41 9 4.5 -6.5
IMTM iShares MSCI Intl Momentum Factor ETF 2.3 30 20 4.6 -6.4
GII SPDR S&P Global Infrastructure ETF 2.3 40 10 4.5 -6.5
RCGE RockCreek Global Equality ETF 2.3 95 -45 5.9 -5.0
DFAI Dimensional International Core Equity Market ETF 2.3 18 32 5.9 -5.1
SPDW SPDR Portfolio Developed World ex-US ETF 2.3 3 47 5.7 -5.3
VEA Vanguard FTSE Developed Markets ETF 2.3 3 47 5.8 -5.2
DIHP Dimensional International High Profitability ETF 2.3 29 21 5.7 -5.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.2 46 4 5.4 -5.6
DFIC Dimensional International Core Equity 2 ETF 2.2 23 27 6.1 -4.9
IQLT iShares MSCI Intl Quality Factor ETF 2.1 30 20 5.4 -5.5
CGIE Capital Group International Equity ETF 2.1 54 -4 4.5 -6.5
AVSD Avantis Responsible International Equity ETF 2.1 23 27 5.8 -5.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 2.1 45 5 6.5 -4.5
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.1 20 30 5.6 -5.4
FIVA Fidelity International Value Factor ETF 2.0 18 32 7.0 -3.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 2.0 32 18 5.3 -5.7
JIRE JPMorgan International Research Enhanced Equity ETF 2.0 24 26 5.7 -5.3
WDIV SPDR S&P Global Dividend ETF 2.0 40 10 8.8 -2.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 2.0 39 11 6.7 -4.2
IVSI Applied Finance IVS International Large ETF 2.0 65 -15 5.8 -5.2
AVDE Avantis International Equity ETF 1.9 23 27 6.1 -4.9
PBD Invesco Global Clean Energy ETF 1.9 75 -25 0.4 -10.6
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.9 24 26 6.8 -4.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.9 14 36 5.2 -5.8
ACWX iShares MSCI ACWI ex U.S. ETF 1.8 34 16 6.2 -4.7
OEFA ALPS O’Shares International Developed Quality Dividend ETF 1.8 48 2 4.8 -6.2
DMXF iShares ESG Advanced MSCI EAFE ETF 1.8 12 38 4.8 -6.2
DFSI Dimensional International Sustainability Core 1 ETF 1.8 24 26 5.5 -5.4
CWI SPDR MSCI ACWI ex-US ETF 1.8 30 20 6.3 -4.7
VEU Vanguard FTSE All-World ex-US Index Fund 1.8 4 46 6.6 -4.4
VXUS Vanguard Total International Stock ETF 1.7 5 45 6.5 -4.5
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.7 47 3 5.0 -6.0
DWX SPDR S&P International Dividend ETF 1.7 45 5 6.6 -4.3
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 32 6.2 -4.8
IXC iShares Global Energy ETF 1.6 44 6 6.7 -4.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.6 41 9 5.9 -5.0
IXUS iShares Core MSCI Total International Stock ETF 1.6 7 43 6.5 -4.5
EFG iShares MSCI EAFE Growth ETF 1.6 36 14 3.8 -7.1
CGXU Capital Group International Focus Equity ETF 1.6 54 -4 3.7 -7.3
VSGX Vanguard ESG International Stock ETF 1.5 10 40 6.4 -4.5
TTAI FCF International Quality ETF 1.5 59 -9 7.1 -3.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.5 29 21 6.9 -4.1
BLES Inspire Global Hope ETF 1.5 61 -11 5.7 -5.3
FDVV Fidelity High Dividend ETF 1.5 15 35 6.5 -4.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 20 6.2 -4.7
PIEL Pacer International Export Leaders ETF 1.4 60 -10 4.1 -6.8
DGT State Street SPDR Global Dow ETF 1.4 50 0 5.5 -5.4
CGDG Capital Group Dividend Growers ETF 1.4 47 3 5.1 -5.8
GLOF iShares Global Equity Factor ETF 1.3 20 30 5.5 -5.5
DXIV Dimensional International Vector Equity ETF 1.3 34 16 6.4 -4.6
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -39 4.3 -6.6
NXTG First Trust Indxx NextG ETF 1.2 70 -20 3.4 -7.5
NATO Themes Transatlantic Defense ETF 1.2 35 15 2.0 -8.9
AZTD Aztlan Global Stock Selection DM SMID ETF 1.2 75 -25 4.3 -6.6
RXI iShares Global Consumer Discretionary ETF 1.1 41 9 8.7 -2.3
JIG JPMorgan International Growth ETF 1.1 55 -5 3.6 -7.3
JGLO JPMorgan Global Select Equity ETF 1.1 33 17 4.3 -6.7
GNR SPDR S&P Global Natural Resources ETF 1.1 40 10 7.8 -3.1
DRIV Global X Autonomous & Electric Vehicles ETF 1.1 68 -18 3.5 -7.5
IMFL Invesco International Developed Dynamic Multifactor ETF 1.1 34 16 5.1 -5.8
CZAR Themes Natural Monopoly ETF 1.0 35 15 5.3 -5.6
FDT First Trust Developed Markets ex-US AlphaDEX Fund 1.0 80 -30 6.6 -4.4
KNO AXS Knowledge Leaders ETF 1.0 78 -28 4.0 -6.9
XT iShares Exponential Technologies ETF 1.0 46 4 4.0 -7.0
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.9 42 8 4.1 -6.8
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 20 5.1 -5.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.9 58 -8 6.4 -4.5
FDRR Fidelity Dividend ETF for Rising Rates 0.9 15 35 5.5 -5.5
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 0.8 25 25 5.5 -5.5
CCNR ALPS CoreCommodity Natural Resources ETF 0.8 39 11 7.8 -3.1
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.8 46 4 7.3 -3.7
TOK iShares MSCI Kokusai ETF 0.8 26 24 4.3 -6.7
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 30 4.7 -6.3
KOKU Xtrackers MSCI Kokusai Equity ETF 0.8 9 41 4.4 -6.6
IQDG WisdomTree International Quality Dividend Growth Fund 0.8 42 8 5.7 -5.3
ESGG FlexShares STOXX Global ESG Select Index Fund 0.8 42 8 4.0 -7.0
ICOW Pacer Developed Markets International Cash Cows 100 ETF 0.8 65 -15 7.9 -3.1
URTH iShares MSCI World ETF 0.7 24 26 4.3 -6.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.7 58 -8 5.3 -5.6
DTAN Sparkline International Intangible Value ETF 0.7 55 -5 7.0 -3.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 41 4.8 -6.2
ACWI iShares MSCI ACWI ETF 0.7 32 18 4.6 -6.3
KLMT Invesco MSCI Global Climate 500 ETF 0.7 10 40 4.9 -6.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.7 39 11 6.6 -4.4
EXI iShares Global Industrials ETF 0.7 42 8 3.7 -7.3
GEW Cambria Global EW ETF 0.6 29 21 5.3 -5.6
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.6 49 1 5.9 -5.1
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.6 60 -10 3.5 -7.5
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 -30 20.4 +9.5
VT Vanguard Total World Stock ETF 0.6 6 44 4.9 -6.0
ARB AltShares Merger Arbitrage ETF 0.6 77 -27 2.7 -8.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 4.4 -6.5
DSTX Distillate International Fundamental Stability & Value ETF 0.6 55 -5 6.4 -4.6
DRNZ REX Drone ETF 0.5 65 -15 -1.9 -12.9
HART IQ Healthy Hearts ETF 0.5 45 5 6.0 -4.9
UFO Procure Space ETF 0.5 75 -25 0.1 -10.9
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -30 14.2 +3.3
UMMA Wahed Dow Jones Islamic World ETF 0.5 65 -15 3.6 -7.3
TRFK Pacer Data and Digital Revolution ETF 0.4 60 -10 1.9 -9.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 5.6 -5.3
DFIS Dimensional International Small Cap ETF 0.4 39 11 6.0 -5.0
IDHQ Invesco S&P International Developed High Quality ETF 0.4 29 21 5.0 -5.9
DISV Dimensional International Small Cap Value ETF 0.4 42 8 7.7 -3.3
VIGI Vanguard International Dividend Appreciation ETF 0.3 10 40 5.9 -5.0
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 32 0.0 -10.9
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 27 7.1 -3.8
WRND IQ Global Equity R&D Leaders ETF 0.1 18 32 4.1 -6.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 1 4.6 -6.4

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 Italy ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 119.4 %
Divided by: Fwd. P/BV 10.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 10.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.63 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.