iShares MSCI Japan Equal Weighted
ALTAR
Score™
7.3% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
15.5x P/Sales
ratio
0.7x
P/BV
ratio
1.2x 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 314
Wgt avg mkt cap (mns) $13,786
Large cap (>$10bn) 38.7%
Mid cap ($2-10bn) 60.6%
Small cap (<$2bn) 0.6%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
RYOHIN KEIKAKU CO LTD 0.6 %
DISCO CORP 0.6 %
TOKYO ELECTRON LTD 0.6 %
NOMURA RESEARCH INSTITUTE 0.5 %
FANUC LTD 0.5 %
HITACHI CHEMICAL CO LTD 0.5 %
HITACHI HIGH-TECHNOLOGIES CO 0.5 %
WELCIA HOLDINGS CO LTD 0.5 %
SO-NET M3 INC 0.5 %
HOYA CORP 0.5 %
Total 5.4 %

TOP COUNTRY EXPOSURE
JAPAN 98.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.5% -- -- -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $36.36
30d moving avg. $35.85
Annualized volatility 0.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $16,318

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Japan Equal Weighted 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™: 7.3%


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 62.0 25 -10 7.8 +0.5
SCIJ Global X Scientific Beta Japan 58.0 39 -24 7.0 -0.3
EWJ iShares MSCI Japan 57.1 47 -32 7.7 +0.4
BBJP JPMorgan BetaBuilders Japan 56.7 19 -4 7.9 +0.6
DBJP Xtrackers MSCI Japan Hedged 56.6 45 -30 7.7 +0.3
QJPN SPDR MSCI Japan Quality Mix 55.8 14 1 8.1 +0.8
HFXJ IQ 50 Percent Hedged FTSE Japan 53.9 30 -15 7.8 +0.5
FLJP Franklin FTSE Japan 53.7 9 6 8.1 +0.7
FLJH Franklin FTSE Japan Hedged 53.3 9 6 8.0 +0.7
JPXN iShares JPX-Nikkei 400 52.6 48 -33 7.7 +0.4
JPN Xtrackers Japan JPX-Nikkei 400 Equity 52.5 9 6 8.1 +0.8
IPAC iShares Core MSCI Pacific 42.6 9 6 7.5 +0.2
JPMV iShares MSCI Japan Min Volatility 40.5 30 -15 6.7 -0.6
DXJ WisdomTree Japan Hedged Equity 38.9 48 -33 8.7 +1.4
EWJV iShares MSCI Japan Value 38.7 15 0 10.2 +2.9
VPL Vanguard Pacific ETF 36.9 9 6 7.9 +0.6
PQIN PGIM QMA Strategic Alpha International Equity 36.4 29 -14 7.4 +0.1
ISZE iShares MSCI Int'l Developed Size Factor 34.2 30 -15 6.8 -0.6
RFAP First Trust Riverfront Dynamic Asia Pacific 28.0 83 -68 7.4 +0.0
REFA Invesco International Revenue ETF 27.2 42 -27 8.9 +1.6

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 CATEGORY
AVERAGE
1.63
 
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.