iShares MSCI Japan Equal Weighted ETF
ALTAR
Score™
7.1% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.6x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Japan Equal Weighted ETF seeks to track the investment results of an index composed of equal weighted Japanese equities.

FUND BASICS
Category International Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Mar 05, 2019
Assets (mns) $7
Currency USD
Expense ratio 15 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Equal
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 316
Wgt avg mkt cap (mns) $13,940
Large cap (>$10bn) 36.7%
Mid cap ($2-10bn) 62.9%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GMO PAYMENT GATEWAY, INC. 0.7 %
DISCO CORP 0.7 %
NIPPON PAINT CO LTD 0.6 %
SO-NET M3 INC 0.6 %
TOKYO ELECTRON LTD 0.6 %
HOYA CORP 0.6 %
DAIICHI SANKYO CO LTD 0.6 %
SHIMANO INC 0.6 %
MONOTARO CO LTD 0.6 %
NITORI CO LTD 0.5 %
Total 6.0 %

TOP COUNTRY EXPOSURE
JAPAN 98.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.7% 6.4% -- -- 0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.63 65%
MSCI EAFE 0.70 73%
MSCI Emg. Mkts. 0.47 49%

Technical Indicators
Recent close $33.65
30d moving avg. $31.50
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $18,277

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EWJE Expense: 15 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWJE
Ticker Fund
Name
Overlap1
vs EWJE
(%)
Expense
ratio
(bp)
Savings
vs EWJE
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWJE
(%)
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 62.0 25 -10 7.6 +0.5
SCIJ Global X Scientific Beta Japan ETF 59.7 39 -24 7.2 +0.1
EWJ iShares MSCI Japan ETF 57.2 49 -34 7.4 +0.3
BBJP JPMorgan BetaBuilders Japan ETF 57.0 19 -4 7.7 +0.6
QJPN SPDR MSCI Japan StrategicFactors ETF 56.2 14 1 8.0 +0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 56.0 45 -30 7.4 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 54.1 30 -15 7.6 +0.5
FLJP Franklin FTSE Japan ETF 53.8 9 6 7.8 +0.8
JPXN iShares JPX-Nikkei 400 ETF 53.2 48 -33 7.5 +0.4
FLJH Franklin FTSE Japan Hedged ETF 53.1 9 6 7.7 +0.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 52.5 9 6 7.9 +0.9
IPAC iShares Core MSCI Pacific ETF 43.4 9 6 7.5 +0.4
JPMV iShares Edge MSCI Min Vol Japan ETF 41.6 30 -15 6.9 -0.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 39.6 29 -14 8.1 +1.0
EWJV iShares MSCI Japan Value ETF 39.4 15 0 10.8 +3.7
VPL Vanguard FTSE Pacific ETF 38.9 8 7 7.8 +0.7
DXJ WisdomTree Japan Hedged Equity Fund 37.4 48 -33 8.3 +1.3
ISZE iShares Edge MSCI Intl Size Factor ETF 34.2 30 -15 6.9 -0.1
DIM WisdomTree International MidCap Dividend Fund 29.0 58 -43 7.6 +0.6
FJP First Trust Japan AlphaDEX Fund 26.7 80 -65 9.2 +2.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.5 35 -20 8.6 +1.5
IVLU iShares Edge MSCI Intl Value Factor ETF 24.7 30 -15 11.3 +4.2
JHMD John Hancock Multifactor Developed International ETF 24.5 45 -30 7.4 +0.4
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 23.8 83 -68 7.1 +0.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.0 20 -5 7.3 +0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 23.0 20 -5 7.5 +0.5
IQIN IQ 500 International ETF 22.9 25 -10 9.0 +1.9
EFA iShares MSCI EAFE ETF 22.9 32 -17 7.2 +0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 22.8 48 -33 0.0 -7.1
QEFA SPDR MSCI EAFE Quality Mix ETF 22.7 30 -15 6.8 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.5 35 -20 7.0 -0.0
IDLV Invesco S&P International Developed Low Volatility ETF 22.4 25 -10 6.9 -0.2
FNDF Schwab Fundamental International Large Co. Index ETF 21.9 25 -10 8.7 +1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 21.7 20 -5 7.2 +0.1
DWMF WisdomTree International Multifactor Fund 21.5 38 -23 6.8 -0.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.3 25 -10 6.8 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 21.1 7 8 7.6 +0.5
IMTM iShares Edge MSCI Intl Momentum Factor ETF 20.8 30 -15 5.0 -2.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 20.7 45 -30 7.2 +0.1
IDY Pacific Global International Equity Income ETF 20.7 39 -24 8.0 +1.0
KLDW Gavekal Knowledge Leaders Developed World ETF 20.6 75 -60 4.8 -2.3
SPDW SPDR Portfolio Developed World ex-US ETF 20.4 4 11 7.2 +0.2
EFG iShares MSCI EAFE Growth ETF 20.4 40 -25 4.7 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 20.3 39 -24 6.7 -0.4
CIL VictoryShares International Volatility Weighted Index ETF 20.1 45 -30 6.7 -0.4
IEFA iShares Core MSCI EAFE ETF 20.1 7 8 7.3 +0.2
RBIN Nationwide Risk-Based International Equity ETF 20.0 42 -27 6.5 -0.6
PDEV Principal International Multi-Factor Core Index ETF 19.9 25 -10 7.9 +0.8
JPGE JPMorgan Diversified Return Global Equity ETF 19.9 29 -14 7.3 +0.3
IQSI IQ Candriam ESG International Equity ETF 19.6 15 0 7.3 +0.2
SCHF Schwab International Equity ETF 19.6 6 9 7.4 +0.3
EFV iShares MSCI EAFE Value ETF 19.5 39 -24 10.0 +2.9
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 19.4 43 -28 9.2 +2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.4 45 -30 8.8 +1.8
TPIF Timothy Plan International ETF 19.3 62 -47 7.0 -0.1
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.8 35 -20 8.6 +1.5
FDT First Trust Developed Markets ex-US Alphadex Fund 18.6 80 -65 7.8 +0.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.3 14 1 7.0 -0.1
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 18.1 24 -9 7.2 +0.1
JPIN JPMorgan Diversified Return International Equity ETF 17.8 38 -23 8.0 +0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.8 20 -5 5.9 -1.2
DWM WisdomTree International Equity Fund 17.8 48 -33 8.2 +1.2
VEA Vanguard FTSE Developed Markets ETF 17.3 5 10 7.4 +0.4
IDEV iShares Core MSCI International Developed Markets ETF 17.2 5 10 7.3 +0.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 17.1 29 -14 8.6 +1.5
VSGX Vanguard ESG International Stock ETF 16.2 17 -2 7.4 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 15.8 32 -17 7.5 +0.4
ISDX Invesco Strategic Developed ex-US ETF 15.8 23 -8 7.4 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.5 80 -65 6.0 -1.0
CWI SPDR MSCI ACWI ex-US ETF 15.5 30 -15 7.6 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.4 40 -25 7.4 +0.3
VEU Vanguard FTSE All-World ex-US Index Fund 14.9 8 7 7.7 +0.7
QINT American Century Quality Diversified International ETF 14.6 39 -24 5.9 -1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 14.5 83 -68 6.3 -0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.4 39 -24 9.1 +2.0
FDEV Fidelity Targeted International Factor ETF 13.7 39 -24 6.5 -0.6
AVDE Avantis International Equity ETF 13.6 23 -8 7.9 +0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.6 16 -1 7.1 +0.0
IXUS ishares Core MSCI Total International Stock ETF 13.6 9 6 7.6 +0.5
VXUS Vanguard Total International Stock Index Fund 13.5 8 7 7.7 +0.6
DOL WisdomTree International LargeCap Dividend Fund 13.1 48 -33 8.5 +1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 12.9 32 -17 6.5 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 10.9 45 -30 6.9 -0.2
ESGN Columbia Sustainable International Equity Income ETF 10.2 45 -30 11.1 +4.1
NUDM Nuveen ESG International Developed Markets Equity ETF 10.1 40 -25 6.9 -0.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 10.0 30 -15 6.2 -0.9
QWLD SPDR MSCI World StrategicFactors ETF 9.9 30 -15 6.0 -1.0
IDHQ Invesco S&P International Developed High Quality ETF 9.8 29 -14 5.4 -1.7
ACWV iShares Edge MSCI Min Vol Global ETF 9.7 20 -5 5.9 -1.2
IGRO iShares International Dividend Growth ETF 9.7 22 -7 8.0 +0.9
INTF iShares Edge MSCI Multifactor Intl ETF 9.6 30 -15 8.3 +1.3
DTH WisdomTree DEFA Equity Income Fund 9.4 58 -43 9.6 +2.5
ISDS Invesco Strategic Developed ex-US Small Company ETF 9.4 35 -20 5.5 -1.6
EXI iShares Global Industrials ETF 9.2 46 -31 6.1 -1.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.9 29 -14 12.2 +5.1
MVIN Natixis Seeyond International Minimum Volatility ETF 8.9 55 -40 5.8 -1.3
AVDV Avantis International Small Cap Value ETF 8.8 36 -21 7.6 +0.5
IQDG WisdomTree International Quality Dividend Growth Fund 8.8 38 -23 6.4 -0.6
FNDC Schwab Fundamental International Small Co. Index ETF 8.7 39 -24 7.1 +0.0

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 Japan Equal Weighted 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 8.0 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.70 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.