iShares MSCI Japan Equal Weighted ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 NEUTRAL
2020E    2021E
P/E
ratio		 29.6x P/Sales
ratio		 0.8x
P/BV
ratio		 1.3x Div.
yield		 2.0%


  • 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) $8
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 297
Wgt avg mkt cap (mns) $16,906
Large cap (>$10bn) 44.0%
Mid cap ($2-10bn) 55.4%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SHARP CORP 0.6 %
TOKYO ELECTRON LTD 0.5 %
CAPCOM CO LTD 0.5 %
MURATA MANUFACTURING CO LTD 0.5 %
SO-NET M3 INC 0.5 %
SUMITOMO METAL MINING CO LTD 0.5 %
KONAMI CORP 0.5 %
SUMCO CORP 0.5 %
SHIN-ETSU CHEMICAL CO LTD 0.5 %
NITTO DENKO CORP 0.5 %
Total 5.0 %

TOP COUNTRY EXPOSURE
JAPAN 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.3% 9.3% -- -- 10.8%

Market Correlations
versus... Beta R-squared
S&P500 0.66 60%
MSCI EAFE 0.69 70%
MSCI Emg. Mkts. 0.42 33%

Technical Indicators
Recent close $39.40
30d moving avg. $38.63
Annualized volatility 17.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $20,309

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 96 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™: 6.4%


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 61.4 25 -10 6.2 -0.2
EWJ iShares MSCI Japan ETF 56.7 51 -36 6.1 -0.3
BBJP JPMorgan BetaBuilders Japan ETF 56.2 19 -4 6.4 0.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 55.6 45 -30 6.1 -0.4
ZJPN SPDR Solactive Japan ETF 55.0 14 1 6.5 +0.1
FLJP Franklin FTSE Japan ETF 53.6 9 6 6.6 +0.2
JPXN iShares JPX-Nikkei 400 ETF 53.5 48 -33 6.2 -0.2
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 53.3 9 6 6.6 +0.2
FLJH Franklin FTSE Japan Hedged ETF 53.3 9 6 6.5 +0.1
EWJV iShares MSCI Japan Value ETF 46.8 15 0 8.9 +2.5
IPAC iShares Core MSCI Pacific ETF 42.0 9 6 6.3 -0.1
DFAI Dimensional International Core Equity Market ETF 40.3 18 -3 6.4 -0.0
DXJ WisdomTree Japan Hedged Equity Fund 37.4 48 -33 7.4 +1.0
VPL Vanguard FTSE Pacific ETF 36.0 8 7 6.4 +0.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 35.2 29 -14 7.1 +0.7
FJP First Trust Japan AlphaDEX Fund 32.1 80 -65 8.0 +1.6
ISZE iShares Edge MSCI Intl Size Factor ETF 31.8 30 -15 6.3 -0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 27.0 35 -20 7.7 +1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 25.1 30 -15 9.9 +3.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 24.6 35 -20 5.9 -0.5
RESD WisdomTree International ESG Fund 23.5 30 -15 6.5 +0.1
JHMD John Hancock Multifactor Developed International ETF 23.3 39 -24 6.6 +0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 23.1 30 -15 6.0 -0.4
DMXF iShares ESG Advanced MSCI EAFE ETF 23.0 12 3 6.2 -0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 22.8 24 -9 6.5 +0.1
DWMF WisdomTree International Multifactor Fund 22.4 38 -23 6.2 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 22.3 20 -5 6.3 -0.1
JPIN JPMorgan Diversified Return International Equity ETF 22.2 37 -22 7.1 +0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 21.9 20 -5 6.4 -0.0
EFA iShares MSCI EAFE ETF 21.9 32 -17 6.2 -0.2
IQIN IQ 500 International ETF 21.8 25 -10 7.6 +1.2
ESGD iShares MSCI EAFE ESG Optimized ETF 21.8 20 -5 6.2 -0.2
HFXI IQ 50 Percent Hedged FTSE International ETF 21.7 20 -5 6.4 +0.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.5 35 -20 6.1 -0.3
DIM WisdomTree International MidCap Dividend Fund 20.8 58 -43 7.1 +0.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.7 25 -10 6.0 -0.4
IDLV Invesco S&P International Developed Low Volatility ETF 20.6 25 -10 6.2 -0.2
EFV iShares MSCI EAFE Value ETF 20.4 39 -24 8.4 +2.0
BKIE BNY Mellon International Equity ETF 20.2 4 11 6.5 +0.1
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.1 14 1 6.1 -0.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.0 7 8 6.5 +0.1
IQSI IQ Candriam ESG International Equity ETF 19.9 15 0 6.4 -0.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.8 39 -24 5.6 -0.8
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.4 20 -5 5.0 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 19.3 25 -10 7.7 +1.3
IEFA iShares Core MSCI EAFE ETF 19.0 7 8 6.5 +0.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 19.0 45 -30 6.1 -0.3
CIL VictoryShares International Volatility Weighted Index ETF 18.9 45 -30 6.4 -0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 18.7 45 -30 6.3 -0.1
PDEV Principal International Multi-Factor Core Index ETF 18.7 25 -10 7.1 +0.7
RBIN Nationwide Risk-Based International Equity ETF 18.5 42 -27 6.0 -0.4
SCHF Schwab International Equity ETF 18.5 6 9 6.5 +0.1
EFG iShares MSCI EAFE Growth ETF 18.3 40 -25 4.1 -2.4
KLDW Gavekal Knowledge Leaders Developed World ETF 18.3 75 -60 4.4 -2.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.2 40 -25 7.2 +0.8
SPDW SPDR Portfolio Developed World ex-US ETF 18.2 4 11 6.2 -0.2
TPIF Timothy Plan International ETF 17.9 62 -47 6.1 -0.4
VSGX Vanguard ESG International Stock ETF 17.8 17 -2 6.3 -0.1
FDT First Trust Developed Markets ex-US Alphadex Fund 17.8 80 -65 7.6 +1.2
QINT American Century Quality Diversified International ETF 17.3 39 -24 5.7 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 17.3 45 -30 7.6 +1.2
DWM WisdomTree International Equity Fund 17.0 48 -33 7.2 +0.8
IDEV iShares Core MSCI International Developed Markets ETF 16.7 5 10 6.5 +0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 16.6 30 -15 4.1 -2.3
VEA Vanguard FTSE Developed Markets ETF 16.5 5 10 6.6 +0.2
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 16.3 83 -68 5.0 -1.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 15.9 23 -8 6.3 -0.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 15.0 29 -14 7.3 +0.9
IDHQ Invesco S&P International Developed Quality ETF 15.0 29 -14 4.8 -1.7
ESGN Columbia Sustainable International Equity Income ETF 14.5 45 -30 9.2 +2.8
DOL WisdomTree International LargeCap Dividend Fund 14.4 48 -33 7.2 +0.7
IDMO Invesco S&P International Developed Momentum ETF 14.3 26 -11 3.7 -2.7
ACWX iShares MSCI ACWI ex U.S. ETF 14.1 32 -17 6.3 -0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.0 32 -17 5.7 -0.7
CWI SPDR MSCI ACWI ex-US ETF 13.9 30 -15 6.2 -0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.8 40 -25 6.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 13.7 8 7 6.7 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.6 80 -65 6.0 -0.4
AVDE Avantis International Equity ETF 13.4 23 -8 6.9 +0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.3 16 -1 6.0 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.3 39 -24 7.4 +1.0
INTF iShares Edge MSCI Multifactor Intl ETF 13.0 30 -15 7.2 +0.8
FDEV Fidelity Targeted International Factor ETF 12.8 39 -24 6.2 -0.3
VWID Virtus WMC International Dividend ETF 12.6 49 -34 7.4 +1.0
IXUS ishares Core MSCI Total International Stock ETF 12.2 9 6 6.4 +0.0
NUDM Nuveen ESG International Developed Markets Equity ETF 12.0 40 -25 5.9 -0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 11.8 30 -15 5.2 -1.2
VXUS Vanguard Total International Stock ETF 10.5 8 7 6.6 +0.2
QWLD SPDR MSCI World StrategicFactors ETF 9.9 30 -15 5.4 -1.0
DTH WisdomTree International High Dividend Fund 9.9 58 -43 8.7 +2.3
VYMI Vanguard International High Dividend Yield ETF 9.6 27 -12 9.0 +2.6
ACWV iShares MSCI Global Min Vol Factor ETF 9.4 20 -5 5.5 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 9.3 42 -27 6.0 -0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.1 47 -32 8.1 +1.7
EXI iShares Global Industrials ETF 9.1 46 -31 4.9 -1.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 9.1 58 -43 5.8 -0.6

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

  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:

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 7.8 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 CATEGORY
AVERAGE		 1.54
 
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.