iShares MSCI Italy ETF
ALTAR
Score™		 10.5% info Recommen-
dation		 SPECULATIVE
2025E    2026E
P/E
ratio		 14.1x P/Sales
ratio		 1.4x
P/BV
ratio		 11.8x Div.
yield		 4.4%


  • 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) $677
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. 15.5 %
ENEL SPA 12.9 %
INTESA SANPAOLO S.P.A. 12.7 %
ENI SPA 5.7 %
PRYSMIAN SPA 5.3 %
ASSICURAZIONI GENERALI 4.4 %
LEONARDO SPA 4.1 %
FERRARI NV 4.1 %
BANCO BPM SPA 2.8 %
BANCA POPOL EMILIA ROMAGNA 2.8 %
Total 70.3 %

TOP COUNTRY EXPOSURE
ITALY 90.4 %
BRITAIN 2.7 %
LUXEMBOURG 1.4 %








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.
-1.7% 30.1% 15.1% 11.9% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.84 55%
MSCI EAFE 1.11 84%
MSCI Emg. Mkts. 0.80 56%

Technical Indicators
Recent close $57.50
30d moving avg. $54.12
Annualized volatility 18.3%
Short interest (ETF) 5.8%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 481
Turnover 4.1%
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™: 10.5%


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
(%)
EFAS Global X MSCI SuperDividend EAFE ETF 11.0 57 -7 7.3 -3.2
FEUZ First Trust Eurozone AlphaDEX ETF 10.2 80 -30 6.5 -4.0
SCHY Schwab International Dividend Equity ETF 9.8 14 36 8.2 -2.3
EUFN iShares MSCI Europe Financials ETF 9.4 51 -1 7.0 -3.5
IDV iShares International Select Dividend ETF 9.3 51 -1 9.0 -1.5
EZU iShares MSCI Eurozone ETF 9.0 52 -2 5.6 -4.8
FEZ SPDR EURO STOXX 50 ETF 8.2 29 21 5.8 -4.7
JHID John Hancock International High Dividend ETF 7.8 46 4 7.9 -2.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 7.2 58 -8 7.3 -3.2
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.1 45 5 5.7 -4.8
DIVI Franklin International Core Dividend Tilt Index ETF 7.0 9 41 6.6 -3.9
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure 6.8 58 -8 3.4 -7.1
SMOG VanEck Low Carbon Energy ETF 6.6 61 -11 1.1 -9.4
FINE Themes European Luxury ETF 6.5 35 15 3.7 -6.8
DTH WisdomTree International High Dividend Fund 6.4 58 -8 7.2 -3.2
VWID Virtus WMC International Dividend ETF 6.3 49 1 7.2 -3.3
FEP First Trust Europe AlphaDEX Fund 6.1 80 -30 6.8 -3.7
IDMO Invesco S&P International Developed Momentum ETF 5.9 25 25 5.2 -5.3
POW VistaShares Electrification Supercycle ETF 5.7 75 -25 2.0 -8.5
LVHI Franklin International Low Volatility High Dividend Index ET 5.6 40 10 7.6 -2.9
UIVM VictoryShares International Value Momentum ETF 5.6 35 15 8.2 -2.2
PPIE Putnam PanAgora ESG International Equity ETF 5.4 49 1 6.5 -4.0
TPIF Timothy Plan International ETF 5.3 62 -12 5.5 -5.0
FIDI Fidelity International High Dividend ETF 5.1 18 32 7.2 -3.3
IPKW Invesco International BuyBack Achievers ETF 5.1 55 -5 8.1 -2.4
JXI iShares Global Utilities ETF 5.1 43 7 5.0 -5.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 5.0 25 25 6.3 -4.2
IEV iShares Europe ETF 4.9 67 -17 5.8 -4.7
FYLD Cambria Foreign Shareholder Yield ETF 4.9 59 -9 10.2 -0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.8 80 -30 5.4 -5.1
VGK Vanguard FTSE Europe ETF 4.5 6 44 6.5 -4.0
RNWZ TrueShares Eagle Global Renewable Energy Income ETF 4.5 75 -25 5.9 -4.6
IQDF FlexShares International Quality Dividend Index Fund 4.5 47 3 7.6 -2.9
IPAV Global X Infrastructure Development ex-U.S. ETF 4.5 55 -5 5.6 -4.9
IGRO iShares International Dividend Growth ETF 4.5 15 35 6.7 -3.8
BBEU JPMorgan BetaBuilders Europe ETF 4.4 9 41 6.2 -4.3
DOL WisdomTree International LargeCap Dividend Fund 4.4 48 2 5.7 -4.8
INEQ Columbia International Equity Income ETF 4.4 45 5 7.7 -2.8
EFV iShares MSCI EAFE Value ETF 4.4 34 16 7.6 -2.9
IMTM iShares MSCI Intl Momentum Factor ETF 4.4 30 20 4.7 -5.8
EFAV iShares MSCI EAFE Min Vol Factor ETF 4.4 22 28 5.6 -4.9
FLEE Franklin FTSE Europe ETF 4.4 9 41 6.3 -4.2
IEUR iShares Core MSCI Europe ETF 4.3 11 39 6.3 -4.2
SPEU SPDR Portfolio Europe ETF 4.3 7 43 6.4 -4.1
SHLD Global X Defense Tech ETF 4.1 50 0 2.7 -7.8
EUDV ProShares MSCI Europe Dividend Growers ETF 4.1 55 -5 5.5 -5.0
IDOG ALPS International Sector Dividend Dogs ETF 4.1 50 0 9.2 -1.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 4.1 46 4 5.6 -4.9
FAN First Trust Global Wind Energy ETF 4.1 60 -10 2.6 -7.8
GCOW Pacer Global Cash Cows Dividend ETF 4.1 60 -10 9.2 -1.3
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.1 47 3 7.3 -3.2
EAFG Pacer Developed Markets Cash Cows Growth Leaders ETF 4.0 65 -15 4.0 -6.5
RFDI First Trust Riverfront Dynamic Developed International ETF 3.9 83 -33 7.7 -2.8
AIVI WisdomTree International AI Enhanced Value Fund 3.8 58 -8 6.2 -4.3
CIL VictoryShares International Volatility Wtd ETF 3.8 45 5 5.8 -4.7
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF 3.7 80 -30 3.4 -7.1
DWM WisdomTree International Equity Fund 3.7 48 2 5.6 -4.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 3.7 40 10 5.7 -4.8
NUDM Nuveen ESG International Developed Markets Equity ETF 3.6 31 19 5.6 -4.9
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.5 56 -6 9.7 -0.8
QEFA SPDR MSCI EAFE StrategicFactors ETF 3.4 30 20 6.0 -4.4
FPXE First Trust IPOX Europe Equity Opportunities ETF 3.4 70 -20 3.9 -6.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 3.3 65 -15 7.7 -2.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 3.2 25 25 6.1 -4.3
IVLU iShares MSCI Intl Value Factor ETF 3.2 30 20 8.2 -2.3
DWX SPDR S&P International Dividend ETF 3.2 45 5 6.7 -3.8
DIM WisdomTree International MidCap Dividend Fund 3.2 58 -8 6.2 -4.3
EFAX SPDR MSCI EAFE Fossil Fuel Reserves Free ETF 3.1 20 30 5.6 -4.9
EFA iShares MSCI EAFE ETF 3.1 35 15 5.7 -4.8
WWJD Inspire International ETF 3.1 80 -30 6.1 -4.4
ITOL Tema International Durable Quality ETF 3.1 60 -10 4.9 -5.6
EFAD ProShares MSCI EAFE Dividend Growers ETF 3.1 50 0 5.6 -4.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 3.1 45 5 6.9 -3.6
ESGD iShares ESG Aware MSCI EAFE ETF 3.1 20 30 5.8 -4.7
IDLV Invesco S&P International Developed Low Volatility ETF 3.1 25 25 6.2 -4.3
CEFA Global X S&P Catholic Values Developed ex-US ETF 3.1 35 15 5.7 -4.8
DWMF WisdomTree International Multifactor Fund 3.1 38 12 6.7 -3.8
VYMI Vanguard International High Dividend Yield ETF 3.0 17 33 8.0 -2.5
DEW WisdomTree Global High Dividend Fund 3.0 58 -8 7.4 -3.1
FDEV Fidelity International Multifactor ETF 2.9 18 32 7.1 -3.4
JHMD John Hancock Multifactor Developed International ETF 2.9 39 11 6.2 -4.3
HEDJ WisdomTree Europe Hedged Equity Fund 2.8 58 -8 6.0 -4.5
DFIV Dimensional International Value ETF 2.8 27 23 7.8 -2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 2.8 14 36 5.3 -5.1
IDHQ Invesco S&P International Developed High Quality ETF 2.8 29 21 5.4 -5.0
FNDF Schwab Fundamental International Large Co. Index ETF 2.8 25 25 7.5 -3.0
PABD iShares Paris-Aligned Climate MSCI World ex USA ETF 2.8 12 38 5.3 -5.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 2.8 39 11 6.2 -4.3
FID First Trust S&P International Dividend Aristocrats ETF 2.7 60 -10 7.9 -2.6
HFXI IQ FTSE International Equity Currency Neutral ETF 2.7 20 30 5.7 -4.7
AVIV Avantis International Large Cap Value ETF 2.7 25 25 6.9 -3.6
GSID Goldman Sachs MarketBeta International Equity ETF 2.7 20 30 5.9 -4.6
IQSI IQ Candriam International Equity ETF 2.7 15 35 5.6 -4.9
IEFA iShares Core MSCI EAFE ETF 2.7 7 43 6.0 -4.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 2.7 36 14 5.4 -5.1
INTF iShares International Equity Factor ETF 2.7 15 35 6.4 -4.1
JPIN J.P. Morgan Diversified Return International Equity ETF 2.6 37 13 7.0 -3.5
IQLT iShares MSCI Intl Quality Factor ETF 2.6 30 20 5.4 -5.1
RCGE RockCreek Global Equality ETF 2.6 95 -45 6.0 -4.5
QINT American Century Quality Diversified International ETF 2.6 39 11 6.6 -3.9
STXI Strive International Developed Markets ETF 2.5 29 21 6.2 -4.3
SCHF Schwab International Equity ETF 2.5 6 44 6.0 -4.5
FDFF Fidelity Disruptive Finance ETF 2.5 50 0 5.2 -5.3
IMOM Alpha Architect International Quantitative Momentum ETF 2.4 49 1 4.1 -6.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF 2.4 9 41 7.6 -2.9
IDEV iShares Core MSCI International Developed Markets ETF 2.4 4 46 6.0 -4.5
BKIE BNY Mellon International Equity ETF 2.4 4 46 6.0 -4.5
DFIC Dimensional International Core Equity 2 ETF 2.4 23 27 6.2 -4.3
DFAI Dimensional International Core Equity Market ETF 2.3 18 32 6.0 -4.5
IXG iShares Global Financials ETF 2.3 42 8 6.3 -4.2
GII SPDR S&P Global Infrastructure ETF 2.3 40 10 4.2 -6.3
IGF iShares Global Infrastructure ETF 2.3 41 9 4.2 -6.3
LCTD BlackRock World ex U.S. Carbon Transition Readiness ETF 2.3 20 30 5.5 -4.9
DIHP Dimensional International High Profitability ETF 2.3 29 21 5.7 -4.8
VEA Vanguard FTSE Developed Markets ETF 2.3 3 47 6.0 -4.5
VCLN Virtus Duff & Phelps Clean Energy ETF 2.3 59 -9 2.4 -8.1
SPDW SPDR Portfolio Developed World ex-US ETF 2.3 3 47 5.9 -4.6
JIRE JPMorgan International Research Enhanced Equity ETF 2.3 24 26 5.8 -4.6
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 2.3 46 4 5.1 -5.4
PIEL Pacer International Export Leaders ETF 2.2 60 -10 4.3 -6.2
CGIE Capital Group International Equity ETF 2.2 54 -4 4.6 -5.9
OAIM OneAscent International Equity ETF 2.2 95 -45 4.6 -5.9
NXTG First Trust Indxx NextG ETF 2.2 70 -20 4.1 -6.4
FENI Fidelity Enhanced International ETF 2.2 28 22 5.8 -4.7
FDT First Trust Developed Markets ex-US AlphaDEX Fund 2.0 80 -30 6.7 -3.8
WDIV SPDR S&P Global Dividend ETF 2.0 40 10 9.2 -1.3
FDD First Trust Stoxx European Select Dividend Index Fund 2.0 58 -8 9.8 -0.7
FICS First Trust International Developed Capital Strength ETF 2.0 70 -20 6.6 -3.9
IVSI Applied Finance IVS International LrgETF 2.0 65 -15 6.0 -4.4
FIVA Fidelity International Value Factor ETF 2.0 18 32 7.5 -3.0
ACWX iShares MSCI ACWI ex U.S. ETF 1.9 34 16 6.4 -4.1
IVAL Alpha Architect International Quantitative Value ETF 1.9 49 1 7.7 -2.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 1.9 39 11 7.0 -3.5
AVSD Avantis Responsible International Equity ETF 1.9 23 27 5.9 -4.6
DFSI Dimensional International Sustainability Core 1 ETF 1.9 24 26 5.6 -4.9
CWI SPDR MSCI ACWI ex-US ETF 1.9 30 20 6.5 -4.0
AVDE Avantis International Equity ETF 1.8 23 27 6.2 -4.3
IXC iShares Global Energy ETF 1.8 44 6 7.3 -3.2
VEU Vanguard FTSE All-World ex-US Index Fund 1.8 4 46 6.7 -3.7
CGXU Capital Group International Focus Equity ETF 1.8 54 -4 3.9 -6.6
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 1.8 47 3 4.9 -5.5
DMXF iShares ESG Advanced MSCI EAFE ETF 1.7 12 38 5.0 -5.5
VXUS Vanguard Total International Stock ETF 1.7 5 45 6.6 -3.9
EFG iShares MSCI EAFE Growth ETF 1.7 36 14 3.8 -6.7
DEEF Xtrackers FTSE Developed ex US Multifactor ETF 1.7 24 26 6.8 -3.7
OEFA ALPS O’Shares International Developed Quality Dividend ETF 1.7 48 2 4.6 -5.9
PBD Invesco Global Clean Energy ETF 1.7 75 -25 0.2 -10.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 1.7 41 9 6.1 -4.4
GXUS Goldman Sachs MarketBeta Total International Equity ETF 1.6 18 32 6.4 -4.1
IXUS iShares Core MSCI Total International Stock ETF 1.6 7 43 6.6 -3.9
FRGN Horizon International Equity ETF 1.6 75 -25 8.0 -2.5
DXIV Dimensional International Vector Equity ETF 1.6 34 16 6.6 -3.9
BLES Inspire Global Hope ETF 1.6 61 -11 5.7 -4.8
TTAI FCF International Quality ETF 1.5 59 -9 6.7 -3.8
DFAX Dimensional World ex U.S. Core Equity 2 ETF 1.5 30 20 6.3 -4.2
BINV Brandes International ETF 1.5 70 -20 8.5 -2.0
DISV Dimensional International Small Cap Value ETF 1.5 42 8 8.2 -2.3
VSGX Vanguard ESG International Stock ETF 1.5 10 40 6.7 -3.8
GLOF iShares Global Equity Factor ETF 1.5 20 30 5.6 -4.9
XT iShares Exponential Technologies ETF 1.3 46 4 4.0 -6.4
GLOV Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF 1.3 25 25 5.5 -5.0
DGT State Street SPDR Global Dow ETF 1.3 50 0 5.8 -4.7
KNO AXS Knowledge Leaders ETF 1.3 78 -28 4.4 -6.1
NATO Themes Transatlantic Defense ETF 1.2 35 15 1.9 -8.6
CCNR ALPS CoreCommodity Natural Resources ETF 1.2 39 11 7.9 -2.6
RXI iShares Global Consumer Discretionary ETF 1.1 41 9 7.8 -2.7
GNR SPDR S&P Global Natural Resources ETF 1.1 40 10 8.1 -2.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility In 1.1 32 18 5.3 -5.2
WLDR Affinity World Leaders Equity ETF 1.0 67 -17 6.3 -4.2
DRIV Global X Autonomous & Electric Vehicles ETF 1.0 68 -18 3.2 -7.3
DFIS Dimensional International Small Cap ETF 1.0 39 11 6.1 -4.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.0 29 21 7.0 -3.5
QWLD SPDR MSCI World StrategicFactors ETF 0.9 30 20 5.2 -5.3
TOK iShares MSCI Kokusai ETF 0.9 26 24 4.3 -6.2
ESGG FlexShares STOXX Global ESG Select Index Fund 0.9 42 8 4.2 -6.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 30 4.8 -5.7
URTH iShares MSCI World ETF 0.8 24 26 4.4 -6.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.8 42 8 4.0 -6.5
DTAN Sparkline International Intangible Value ETF 0.8 55 -5 7.2 -3.3
EUDG WisdomTree Europe Quality Dividend Growth Fund 0.8 58 -8 6.3 -4.1
KOKU Xtrackers MSCI Kokusai Equity ETF 0.8 9 41 4.5 -6.0
JIG JPMorgan International Growth ETF 0.8 55 -5 3.6 -6.9
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.7 9 41 4.9 -5.6
FOWF Pacer Solactive Whitney Fututre of Warfare ETF 0.7 60 -10 3.4 -7.1
IMFL Invesco International Developed Dynamic Multifactor ETF 0.7 34 16 5.2 -5.3
AZTD Aztlan Global Stock Selection DM SMID ETF 0.7 75 -25 4.1 -6.4
ACWI iShares MSCI ACWI ETF 0.7 32 18 4.7 -5.8
IQDG WisdomTree International Quality Dividend Growth Fund 0.7 42 8 5.7 -4.8
EXI iShares Global Industrials ETF 0.7 42 8 3.6 -6.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.7 58 -8 5.4 -5.1
VT Vanguard Total World Stock ETF 0.7 6 44 5.1 -5.4
GEW Cambria Global EW ETF 0.6 29 21 5.4 -5.1
FNDC Schwab Fundamental International Small Co. Index ETF 0.6 39 11 6.7 -3.8
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 4 7.4 -3.1
DSTX Distillate International Fundamental Stability & Value ETF 0.6 55 -5 6.4 -4.1
ICPY Tweedy, Browne International Insider Value ETF 0.6 80 -30 21.7 +11.3
IQRA IQ CBRE Real Assets ETF 0.6 65 -15 5.8 -4.7
CGDG Capital Group Dividend Growers ETF 0.6 47 3 5.2 -5.3
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.6 12 38 4.4 -6.1
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 0.5 49 1 5.9 -4.6
KLMT Invesco MSCI Global Climate 500 ETF 0.5 10 40 5.0 -5.5
DRNZ REX Drone ETF 0.5 65 -15 -1.6 -12.1
HART IQ Healthy Hearts ETF 0.5 45 5 5.7 -4.8
COPY Tweedy, Browne Insider + Value ETF 0.5 80 -30 15.1 +4.6
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -39 4.5 -6.0
UMMA Wahed Dow Jones Islamic World ETF 0.4 65 -15 3.7 -6.7
UFO Procure Space ETF 0.4 75 -25 -0.1 -10.6
CARZ First Trust NASDAQ Global Auto Index Fund 0.3 70 -20 2.6 -7.9
IXP iShares Global Comm Services ETF 0.3 42 8 5.4 -5.1
AQLT iShares MSCI Global Quality Factor ETF 0.3 18 32 0.0 -10.5
VIGI Vanguard International Dividend Appreciation ETF 0.2 10 40 6.1 -4.4
ISCF iShares International SmallCap Equity Factor ETF 0.2 23 27 7.1 -3.4
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 1 4.5 -6.0
WRND IQ Global Equity R&D Leaders ETF 0.1 18 32 4.0 -6.5
VIDI Vident International Equity Strategy ETF 0.0 61 -11 8.2 -2.3

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 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 10.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 10.5 %
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.